My reason for sharing my trade journal is to encourage traders to also keep one for two major reasons:
- Track weekly trading performance.
- Build a better psychology, which will sharpen your trading intuition
Both can only be done when you keep a comprehensive journal, and review it every week.
MONDAY 04/09/2023
EUR/JPY (6.50am)
Analysis: This trade was inspired by our weekly market analysis
TUESDAY 05/09/2023
EUR/USD (10.15am)
Analysis: Head and shoulder formation spotted on the EUR/USD, and taken
EUR/USD Update (10.15am)
Analysis: I locked +6 pips , and was taken out by a pullback
EUR/JPY update(10.30am)
Analysis: Added to my EUR/JPY buy position
WEDNESDAY 06/09/2023
EUR/JPY Update (7.15am)
Analysis: I manually closed my scaling in position on EJ with -68 pips loss (-45 & -23)
NZD/USD (6.25 am)
Analysis: This trade was inspired by our Wednesday market analysis
GBP/CAD (9.35 pm)
Analysis: My reason for selling was inspired by our Thursday Market Analysis
THURSDAY 07/09/2023
GBP/CAD Update (9.35 pm)
Analysis: Trailing SL was activated after price met movement met some criteria. I closed with +38 pips
FRIDAY 08/09/2023
NZD/USD Update(11.30 pm)
Analysis: I am still holding on to this Wednesday trade. Currently on positive, but we will conclude on it next week.
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (04/09/2023) | EUR/JPY | BUY | – 68 pips |
TUE (05/09/2023) | EUR/USD | SELL | + 6 pips |
WED (06/09/2023) | NZD/USD | SELL | Pending |
GBP/CAD | SELL | + 38 pips | |
TOTAL | – 24 PIPS |
In conclusion:
I executed my trading plan 100% this week, and I am happy for that.
The EUR/USD trade could have earned me more pips if I didn’t activate my trailing SL, but my trailing SL also saved me from the EUR/JPY (scaling in). For that I am thankful. Like I always say:
You trading system may leave a lot of money on the table, but it also guards you from losing a lot of money during critical conditions. I took a little loss this week (less than 0.4%). I am also looking forward to the NU trade materializing this week
We still have 3 solid trading weeks, in the month of September, so I am confident.
How did your trading week go?
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