7th trading week (13th – 17th of February 2023 trading journal)

This is where I share all my trades taken each and every week.

My reason for this is to encourage traders to also keep one for two major reasons:

  1. Track weekly trading performance.
  2. 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 (13/02/2023)

CAD/JPY (11.05 am)

CAD vs JPY

Analysis: I decided to buy CAD/JPY due to price breaking a key resistance zone that has held price for almost 2 months.

That said, this is an intra-day trade, so I do not intend to hold it past Monday… EXCEPT the bulls continue their rampage and my trailing SL is not triggered

 

CAD/JPY Update (3.50pm)

Closed at breakeven

 

 

NZD/USD (11 PM)

NZD vs USD

 

Analysis: My reason for buying was shared in our Tuesday market analysis. I don’t intend holding this trade for long as we have CPI news scheduled for 2.30 pm Tueday. So I will most likely exit or trail profits before the beginning of the London session

 

 

CAD/JPY (11.30PM)

CAD vs JPY update

Analysis: My reason for buying was shared in our Tuesday market analysis. I also don’t intend holding this trade for long as we have CPI news scheduled for 2.30 pm Tueday.

 

 

TUESDAY (14/02/2023)

GBP/CHF Update (1.30 pm)

GBP vs CHF update from last week

Exited before CPI news with +32 pips (This was taken last week, so I will be recording it under 6th trading week

 

CAD/JPY Update (1.30 pm)

CAD vs JPY update

Exited before CPI news with -11 pips

 

NZD/USD Update (1.30pm)

NZD vs USD update

Exited before CPI news with -15 pips

 

 

USD/JPY (10.30 pm)

USD vs JPY

Analysis: My reason for buying USD/JPY can be seen on our Wednesday analysis

 

CAD/JPY (11.45 pm)

CAD vs JPY updateAnalysis: My reason for buying CAD/JPY can be seen on our Wednesday analysis

 

 

 

WEDNESDAY (15/02/2023)

USD/JPY Update (11.05 am)

USD vs JPY update

Analysis: Adding to the USD/JPY buy after the retest. Let’s see how it goes

 

USD/JPY follow up (1.30 pm)

Closed the trade with +57 pips

 

 

THURSDAY (16/02/2023)

The CAD/JPY I bought on Tuesday closed as breakeven

 

FRIDAY (17/02/2023)

Normally I rarely trade on Friday’s, but I spotted two hot setups (EUR/USD & USD/JPY)  I just could not resist. let’s not also forget that at 2.30 pm we have a high impact news on USD, so I will be exiting this trade on or before 2 pm.

Let me share the setups:

 

USD/JPY 7.05 am

USD vs JPY

Analysis: Tuesday and Wednesday were spent in a fierce battle between the buyers and sellers, hence the reason why the resistance zone stood strong.

Friday presented us with a decent breakout which means that the bulls won the battle, hence my reason for joining the buyers

 

EUR/USD (7.05 am)

EUR vs USD

Analysis: I shared my analysis on Friday and I planned on selling ONLY when the daily candlestick breaks below the consolidation band… It did not, but I still sold because I spotted the buyers were already getting weak.

That said, I don’t plan on staying in this trade for long. I will be out before 2 pm

 

EUR/USD Update 11.05am

EUR vs USD update

Analysis: Second position added after a bearish validation at the close of the 6 am candlestick

 

USD/JPY Update (1.25pm)

Trailing SL got hit, so we closed with + 6 pips

 

Trade activity summary for the week

DATE PAIRS BUY/SELL PIPS MADE/LOST
MON (13/02/2023) CAD/JPY BUY Breakeven
NZD/USD BUY  – 15 pips
CAD/JPY BUY  – 11 pips
THUS (16/02/2023) USD/JPY BUY  +57 pips
CAD/JPY BUY Breakeven
FRI (17/02/2023) USD/JPY BUY  + 6 pips
EUR/USD SELL  + 18 pips
TOTAL  + 55 PIPS

 

In conclusion:

This week was riddled with high impact news events so I lost a lot of potentially good trades by exiting early.

It was so bad that I exited my Friday trades early because I though there was a high impact news on USD by 2.30 pm (hahahha)

I am not complaining though because a win is a win, and all my trades were well executed.

How did your trading week go?

 

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