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.
TUESDAY 17/10/2023
GBP/JPY (7.05 am)
Analysis: Double rejection candlestick pattern (tweezer tops), nice 200 ma placement and the beginning of a second should formation on the GBP/JPY inspired the sell
GBP/JPY (11.35 am)
Analysis: Tp was hit +92
WEDNESDAY 18/10/2023
USD/JPY (9.45 pm)
Analysis: The buy was inspired by our Thursday market analysis
FRIDAY 20/10/2023
GBP/CHF (8 am)
Analysis: The sell was inspired by our Friday market analysis. I may most likely be holding this trade into next week, if it does not materialize today
USD/JPY (1.47 pm)
Analysis: I closed my USD/JPY trade at breakeven after it exceeded its shelf life
GBP/CHF (10.05 pm)
Analysis: As expected, price pulled back on Friday, so we are holding GBP/CHF into next week. Hopefully the Golden zone will deter the bulls, and the bears will continue their campaign to the south
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| TUE (17/10/2023) | GBP/JPY | SELL | +92 pips |
| WED (18/10/2023) | USD/JPY | BUY | Breakeven |
| FRI (20/10/2023) | GBP/CHF | SELL | Pending |
| TOTAL | + 92 pips |
In conclusion:
The GBP/JPY trade made my week. I made a little over +2% ROI, and the great part was that the trade materialized within a couple of hours. USD/JPY went beyond it’s shelf life, and I was glad to exit the trade at breakeven.
In the new week, I will be looking forward to how GBP/CHF plays out.
It was mostly a slow week for me, as there were not too many quality setups in the market, but again, i am thankful it went well.
How did your trading week go?
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