38th Trading Week (18th – 22nd of September, 2023 trade journal)

My reason for sharing my trade journal is to encourage traders to also keep one for two major reasons:

  1. Track weekly trading performance.
  2. 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 18/09/2023

CAD/JPY (9.40 pm)

Analysis: Bought CAD/JPY based on our Tuesday Market Analysis

 

 

TUESDAY 19/09/2023

CAD/JPY Update (9.21 am)

Analysis: I trailed CAD/JPY, and closed it manually with +29 pips because of the high impact news on CAD. 

 

 

WEDNESDAY 20/09/2023

USD/JPY (10.04 am)

Analysis: Bought USD/JPY based on our Wednesday Market Analysis

 

 

USD/JPY Update (2.50 pm)

Analysis: I manually closed USD/JPY with -40 pips loss

 

 

THURSDAY 21/09/2023

AUD/JPY (9.40 pm)

Analysis: Bought AUD/JPY based on our Friday Market Analysis

 

 

FRIDAY 22/09/2023

Analysis: Closed AUD/JPY manually with +55 pips

 

 

Trade activity summary for the week

DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (18/09/2023) CAD/JPY BUY  + 29 pips
TUE (19/09/2023) USD/JPY BUY  – 40 pips
THUS (21/09/2023) AUD/JPY BUY  +55 pips
TOTAL  +44 pips

In conclusion:

Let’s start with what I did wrong this week:

The USD/JPY trade was taken too early because the daily candlestick did not break the major key resistance zone. Moreover, Tuesday had major red folder news events on USD, so there was no point taking that trad. Greed and impatience infiltrated me this week, and I paid for it

 

What I did right, but did not pay off:

The CAD/JPY trade was taken at the right time and I also exited at the right time in order to guard my profits from red folder news events. Funnily, the news events favored my analysis and if I was in, I would have made a kill (lol). No regrets though, it’s all part of the trading system

The AUD/JPY trade was well executed from start to finish, so no complaints. Overall I will say, I was lucky I closed in decent profits. Lucky because the market played along with my AUD/JPY analysis.

Looking forward to next trading week. How did your trading week go? 

 

NOTE:

Check out our mouth watering discounts on any of the proprietary firm’s challenges:

 

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