This is where I share all my trade taken each and every week.
My reason for this is to encourage traders to also keep one for two major reasons:
- Track weekly trading performance.
- To have enough date to be able to work on their trading technique and psychology
Both can only be done when you keep a comprehensive journal, and review it every week.
MONDAY (30/01/2023) – It’s my birthdayyyyyy
AUD/USD SELL (7.05AM)
Analysis: I am not just taking this trade because of the broken trendline. I am taking this trade due to the higher time frame analysis I shared here
Today is also a news free day, so let’s see what will happen.
TUESDAY (31/01/2023)
EUR/USD 7.05am
Analysis: A decent breakout below a key support zone is a good reason to sell. Also on the daily time frame there is a minor retracement on going, so we are hoping to get a few pips out of this trade before exiting.
EUR/USD follow up (10.35am)
A huge drop on EUR/USD before the close of the 7am candlestick… In this zone there is nothing guaranteed because of the irregularities of the support zone, so I placed my trailing stop loss and price kicked me out with + 6 pips
AUD/USD Follow up (10.40 am)
Our analysis was spot on on the AUD/USD, however the huge move began around the Asian session and my trailing SL got hit before price went further down.
This move was suppose to fetch us about +106 pips, but I got out with +26 pips.
Let’s see if we can still get one setup that could thrive before the news at 3.30pm, and if not, we call it a month
Trade activity summary for the month
| 1st TRADING WEEK |
|
|||
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
| 03/01/2022 (TUE) | CAD/JPY | SELL | – 168 pips | |
| 04/01/2022 (WED) | GBP/AUD | SELL | +44 pips | |
| 05/01/2022 (THUS) | AUD/JPY | SELL | -125 pips | |
| TOTAL | – 249 PIPS | |||
| 2nd TRADING WEEK | ||||
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
| 09/01/2022 (MON) | GBP/USD | BUY | +64 pips | |
| 11/01/2022 (WED) | XAU/USD | BUY | -148 pips | |
| 12/01/2022 (THUS) | NZD/JPY | SELL | +56 pips | |
| EUR/GBP | BUY | -96 pips | ||
| TOTAL | -124 PIPS | |||
| 3rd TRADING WEEK | ||||
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST | |
| MON (16/01/2023) | GBP/CHF | SELL | – 53 pips | |
| THUS (19/01/2023) | NZD/USD | SELL | +56 pips | |
| THUS (19/01/2023) | EUR/AUD | BUY | -90 pips | |
| TOTAL | -87 pips | |||
| 4th TRADING WEEK | ||||
| MON (30/01/2023) | AUD/USD | SELL | +26 pips | |
| TUE (31/01/2023) | EUR/USD | SELL | + 6 pips | |
| TOTAL | +34 pips | |||
| Total Pips lost for the month | – 426 PIPS |
In conclusion:
Though these last few days were profitable in the market (probably because it was my birthday week), it was a bad trading month for me. One thing I am happy about is:
I did well in following my trading rules over 85% of the times I took trades, but the market will always do what it has to do. Looking forward to next trading month.
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