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 11/09/2023
GBP/CAD (9.40 pm)
Analysis: This trade was inspired from our weekly market analysis
TUESDAY 12/09/2023
GBP/CAD Update (2.45 pm)
Analysis: Manual trailing SL Locked +50 pips
NZD/USD Update (7.40pm)
Analysis: This was one trade I carried over from last week. I had to manually close it with -12 pips because of the high impact news events on Wednesday
THURSDAY 14/09/2023
CAD/JPY (10 am)
Analysis: A retest and breakout of a key support zone on the CAD/JPY was the reason for buying. That said I am not too confident leaving this trade to run, so I will be fixing a tight trail on it.
CAD/JPY Update (2.05 pm)
Analysis: Closed at breakevn
GBP/CAD (8.40 pm)
Analysis: This trade was inspired from our weekly market analysis
FRIDAY 15/09/2023
GBP/CAD Update (10.05am)
Analysis: Locked +32 pips, and that was all I was able to make from the GBPCAD trade
XAU/USD(GOLD) (10.05am)
Analysis: A sweet hidden bearish divergence spotted on Gold. The last time I traded Gold was March (if I am not mistaking). I dropped it after a series of losses. So trading it today will be me breaking my rules.
XAU/USD(GOLD) Update (10.05am)
Analysis: I lost -57 pips on Gold, and price reversal was too freaking fast for me to capture (lol)
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (11/09/2023) | GBP/CAD | SELL | +50 pips |
TUE (12/09/2023) | NZD/USD | SELL | -12 pips |
THUS (14/09/2023) | CAD/JPY | BUY | Breakeven |
GBP/CAD | BUY | +32 pips | |
FRI (15/09/2023) | GOLD | SELL | – 57 pips |
TOTAL | +13 pips |
In conclusion:
This week could have been one solid week for me in the market, but I voluntarily decided to trade Gold which I abandoned over 4 months ago.
Let’s start with what I did well:
One pair that I traded so well this week was the GBP/CAD. The Monday and Thursday setups were fully maximized while dodging the major pairs due to high impact news during the week.
NZD/USD was a carry over trade that I had to make a decision to close it in little losses (which I am thankful for), and CAD/JPY was very erratic so I had to exit at breakeven.
I had no business trading Gold, even though there was a setup I am very familiar with. I paid the price trading it, but I am thankful that a sound money management got me covered
I closed the week with +0.48%, and I am looking forward to a better week ahead.
How did your trading week go?
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