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 20/11/2023
EUR/CAD (6.54 am)
Analysis: Our Weekly market analysis inspired the buy
USD/JPY (9.09 am)
Analysis: Our Weekly market analysis inspired the sell
EUR/CAD update (5 pm)
Analysis: My trailing SL closed the EUR/CAD trade with +48 pips
USD/JPY update (6.05 pm)
Analysis: My trailing SL closed the USD/JPY trade with +46 pips
TUESDAY 21/11/2023
CAD/JPY (10.30 pm)
Analysis: Our Wednesday market analysis inspired the buy
WEDNESDAY 22/11/2023
CAD/JPY update (12.48 pm)
Analysis: My trailing SL closed the CAD/JPY trade with +28 pips
AUD/JPY (10.20 pm)
Analysis: A clean breakout of the resistance zone, and a bullish pinbar supported my bullish bias
THURSDAY 23/11/2023
AUD/JPY Update (5.10 pm)
Analysis: My trailing SL closed the CAD/JPY trade with +24 pips
Trade activity summary for the week
DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
MON (20/11/2023) | EUR/CAD | BUY | + 48 pips |
USD/JPY | SELL | +46 pips | |
TUE (21/11/2023) | CAD/JPY | BUY | +28 pips |
WED (22/11/2023) | AUD/JPY | BUY | +24 pips |
TOTAL | +146 pips |
In conclusion:
Though I had a good trading week, it could have been better. The reason being that:
My strategy threw me out of most of the trades that could have easily hit my target profit. I am not disturbed though, because the same strategy saves me during fakeouts in the market, so it’s trade-off
I closed the week with +146 pips, and about +1.7% profits.
How did your trading week go?
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