9th Trading Week (25th – 29th) of February, 2024 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 26/02/2024

NZD/JPY (4.15 PM)

Analysis: My sell on the 15 minutes time frame was because of my 4 hour bearish outlook

 

GBP/JPY (8.50 PM)

Analysis: My reason for buying GBP/JPY was shared on our Weekly Market Analysis

 

 

TUESDAY 27/02/2024

NZD/JPY update (2.30 am)

Analysis: Tp hit (+26 pips)

 

EUR/JPY (8.16 am)

Analysis: My reason for buying was because of the bullish outlook on the daily and 4hr time frame. That said, this trade closed with -15 pips loss

 

 

WEDNESDAY 28/02/2024

AUD/JPY (8.06 am)

Analysis: I sold AJ based on the daily and 4hr time frame bearish outlook

 

AUD/JPY update (11.20 am)

Analysis: Trailing Sl kicked me out at +15 pips

 

EUR/CHF (7.30 PM)

Analysis: I sold EUR/CHF based on the daily and 4hr time frame bearish outlook

 

 

THURSDAY 29/02/2024

GBP/JPY update (6am)

Analysis: I finally closed the trade I took on Monday with -157 pips, but I lost about -1% of my trading capital

 

EUR/CHF update (8.10 am)

Analysis: I closed my EUR/CHF trade with +7 pips (trailing SL)

 

 

AUD/USD (8.40 am)

Analysis: I sold AUD/USD based on the daily and 4hr time frame bearish outlook

 

AUD/USD update (11.05 am)

Analysis: I got out with +7 pips (trailing SL)

 

 

FRIDAY 01/03/2024

EUR/USD (6.45 am)

Analysis: I sold EUR/USD based on the daily and 4hr time frame bearish outlook

 

EUR/USD Update (11.22 am)

 

Analysis: I got out with +7 pips (trailing SL)

 

Trade activity summary for the week

DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (26/02/2024) NZD/JPY SELL  +26 pips
GBP/JPY BUY  -157 pips
TUE (27/02/2024) EUR/JPY BUY  -15 pips
WED (28/02/2024) AUD/JPY SELL  +15 pips
   
THUS (29/02/2024) AUD/USD SELL  +7 pips
   
FRI (01/03/2024) EUR/USD SELL  +7 pips
   
TOTAL   – 117 pips
   

Trade activity summary for the month of February

1st TRADING WEEK    
DATE PAIRS BUY/SELL PIPS MADE/LOST
THUS (01/02/2024) GBP/JPY SELL  +7 pips
FRI (02/02/2024) CAD/JPY SELL   +15 pips
TOTAL  + 22 pips
2nd TRADING WEEK    
DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (05/01/2024) CAD/JPY SELL  Breakeven
TUE (06/01/2024) USD/CAD BUY  -36 pips
WED (07/01/2024) CHF/JPY  BUY  – 53 pips
   
THUS  (07/01/2024) CHF/JPY SELL  – 33 PIPS
   
TOTAL   – 122 PIPS
3rd TRADING WEEK    
DATE PAIRS BUY/SELL PIPS MADE/LOST
WED (07/01/2024) CHF/JPY  BUY  – 38 pips
   
TOTAL   – 38 pips
4th TRADING WEEK    
DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (19/02/2024) NZD/JPY  BUY  + 71 pips
   
WED (21/02/2024) NZD/JPY  BUY  – 13 pips
   
THUS (22/02/2024) AUD/JPY BUY + 13 pips
   
TOTAL   + 71 pips
5th TRADING WEEK    
DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (26/02/2024) NZD/JPY SELL  +26 pips
GBP/JPY BUY  -157 pips
TUE (27/02/2024) EUR/JPY BUY  -15 pips
WED (28/02/2024) AUD/JPY SELL  +15 pips
   
THUS (29/02/2024) AUD/USD SELL  +7 pips
   
FRI (01/03/2024) EUR/USD SELL  +7 pips
   
TOTAL   – 117 pips
   
GRAND  TOTAL  -184 pips

 

In conclusion:

This week was an insanely busy week for me in the market because I had to become an intraday trader due to the lack of good swing trades. So I capitalized on the market’s 10-20 pips move rather than the usual 40 to 200 pips move

This shift in my strategy from last week paid off big time, as I almost hit +10% ROI on one of my accounts and about 2.5 to 3% on my other accounts. This shift saved me this week, as the only swing trade I took closed with -1% (-165 pips) of my trading capital.

Afterwards, my other trades were purely focused on intraday moves. I closed the week with about +1.8% ROI despite the negative in pips. 

I had two bad weeks in the month of February, but my last two weeks were profitable enough to put me on an average of +3 to +7% on all of my accounts

Never under estimate the power of flexibility in trading

How did the month of February go for you?

 

NOTE:

Check out our mouth-watering discounts on any of the proprietary firm’s challenges:

 

 

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