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.
TUESDAY 19/12/2023
GBP/JPY Update (9.05 am)
Analysis: This is the GBP/JPY trade from last week. Locked +14 pips, and the trade closed with +14 pips
WEDNESDAY 20/12/2023
USD/CAD (6.55 am)
Analysis: The sell on USD/JPY was inspired by our Weekly Market Analysis
USD/CAD update (5:50 pm)
Analysis: I trailed the USD/CAD, and closed 1ith +17 pips
THURSDAY 21/12/2023
USD/CAD (10.30 pm)
Analysis: Though the trade seemed like a viable setup, I ended up closing it at breakeven shortly before the London session when I observed that price never moved.
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| TUE (19/12/2023) | GBP/JPY | BUY | +14 pips |
| WED (20/12/2023) | USD/CAD | SELL | +17 pips |
| THUS (21/12/2023) | USD/CAD | SELL | Breakeven |
| TOTAL | +31 pips |
In conclusion:
It’s the holiday season, and even though I am sparingly taking trades, I am super conservative. I could have made a kill on the GBP/JPY, but I had to keep a tight trail because of the news events on the JPY. Not to worry though, we are playing the long game
We closed the week with +31 pips, and we are grateful for it.
How did your week go?
