39th Trading Week (25th – 29th 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 25/09/2023

CAD/JPY (6pm)

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

TUESDAY 26/09/2023

GBP/CAD (9am)

Analysis: I am selling this pair based on the analysis I shared on Weekly Market Analysis

THURSDAY 28/09/2023

GBP/CAD Update (9am)

Analysis: I engaged my trailing SL and manually closed this trade with +45 pips

CAD/JPY Update (9am)

Analysis: I engaged my trailing SL and manually closed this trade with +16 pips

FRIDAY 29/09/2023

EUR/CAD (6am)

Analysis: Hidden bullish divergence spotted on the EUR/CAD, and though I do not trade most Friday’s, I have decided to break that little rule today.

EUR/CAD update (12.55 pm)

Analysis: Trailing SL activated and closed this trade with +30 pips

Trade activity summary for the week

In conclusion:

This week I had no trade hit my target profit. All were closed manually using my “setup expiration” concept.

If I had not used the setup expiration concept, guess what would have happened?

ALL my trades would have hit stop loss.

Mind you, this technique does not necessarily mean that:

You exiting trades that have expired DOES NOT necessarily mean that some trades won’t hit your supposed TP in some cases. It just means that:

If you sample a hundred random trades you exited using this technique, you will notice that, you saved time, money, and all the emotional roller coaster associated with you holding on to a stubborn trade

I closed this week with +1.5% ROI. Not bad for a week that no trade hit TP

Trade activity summary for the month of September

Note: I closed the month of September with about +2.9% ROI. With a fairly decent month of one bad trading week and 3 profitable weeks

 3rd QUARTER RESULTS

In conclusion:

The month of August was the most challenging month for me. I closed the month in negative pips, but still managed to squeeze out lil profits.

I managed to close the most difficult quarter of the year with almost +6% ROI. I am looking forward to profitable 4th quarter

How did 3rd quarter go for you?

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