My reason for sharing my trade journal is to encourage traders to also keep one for two major reasons:
- Track your 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 13/11/2023
EUR/AUD (8 am)
Analysis: Our Weekly market analysis inspired the sell.
EUR/AUD update (4.20 pm)
Analysis: I closed the trade manually with +35 pips bagged. My reason for taking this trade was to make a few pips. I did not want to hold it longer than I should since there is CPI news on Tuesday
WEDNESDAY 15/11/2023
EUR/AUD (8.30 am)
Analysis: After CPI did it’s thing, I am back on this setup to make a few pips and get out before Thursday’s unemployment rate news on AUD
EUR/AUD update (1.30 pm)
Analysis: I locked +45 pips with my trailing SL. Price also closed at +45 pips
THURSDAY 16/11/2023
GBP/CHF (11 am)
Analysis: Thursday market analysis inspired the buy
GBP/CHF Update (11 am)
Analysis: I manually closed the trade with +5 pips due to lack of liquidity
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (13/11/2023) | EUR/AUD | SELL | + 35 pips |
WED (15/11/2023) | EUR/AUD | SELL | + 45 pips |
THUS (06/11/2023) | GBP/CHF | SELL | + 5 pips |
TOTAL | + 85 pips |
In conclusion:
This week was riddled with high-impact news, and C setups, which I did not want to indulge.
This week, I am grateful that I was perfectly able to time all my trade exits. That was my edge this week. I closed with +0.8% to 1.2% profits across my accounts, and I made one silly mistake.
I forgot to close the GBP/CHF trade on one of my trading account, so all my labour for the week was in vein. The SL closed the trade at breakeven (for the week). So it’s as good as I never traded the account this week (so sad)
It was a tough week to trade in. I would rate my trading performance 95% simply because my trade executions were top-notch
How did your trading week go?
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