48th Trading Week (27th – 30th of November, 2023 trade journal)

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

  1. Track your 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 27/11/2023

AUD/USD (10.35 pm)

Analysis: Our Weekly market analysis inspired the buy

 

TUESDAY 28/11/2023

AUD/USD Update (9.15 am)

Analysis: My trailing SL got hit and I closed the trade with -3 pips

 

 

CAD/JPY (9.32 pm)

Analysis: Our Wednesday market analysis inspired the sell

 

 

THURSDAY 30/11/2023

CAD/JPY Update (10.30am)

Analysis: I got off this trade with +50 pips, just before a reversal occurred.

 

Trade activity summary for the week

DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (27/11/2023) AUD/USD BUY  + 3 pips
TUE (28/11/2023) CAD/JPY SELL  + 50 pips
TOTAL  + 53 pips

 

In conclusion:

This week, I depended more on my intuition to execute my trades, and it paid off

The AUD/USD trade could have yielded me substantial profits if my trailing SL was not taken out

The CAD/JPY trade could have hit my SL if I did not close it based on intuition

 

So, from this week’s activities, my opinion about sticking to my trading rules has been reinforced. Which is:

Short-term, you trading rules will make you lose some viable trades, but long-term, it will protect you from huge and avoidable losses, which is what counts

I closed my trading week with +0.7%

 

Trade activity summary for the month of November

1st TRADING WEEK    
DATE PAIRS BUY/SELL PIPS MADE/LOST
WED (01/11/2023) EUR/CHF SELL – 50 pips
TOTAL  – 50 pips
2nd TRADING WEEK    
DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (06/11/2023) GBP/USD SELL + 47 pips
WED (08/11/2023) USD/JPY BUY + 5 pips
GBP/CAD BUY – 76 pips
   
THUS (09/11/2023) AUD/JPY SELL + 5 pips
   
TOTAL  – 19 pips
3rd TRADING 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
4th TRADING 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
5th TRADING WEEK    
 
DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (27/11/2023) AUD/USD BUY  + 3 pips
TUE (28/11/2023) CAD/JPY SELL  + 50 pips
TOTAL  + 53 pips
GRAND  TOTAL  + 215 pips

 

In conclusion:

I was extremely cautious in the month of November. Also, fewer trades hit my target profit, as price was more of a nuisance this month.

My three good weeks basically struggled to fill up the drawdown of the previous 2 bad week, and this made me close with about +1.5% profits on my major accounts and about 2% profits on other minor accounts

How did the month of November go for you?

 

NOTE:

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