25th trading week (19th – 23rd of June, 2023 trade journal)

My reason for keeping a journal is to encourage traders to also keep one for two major reasons:

1. Track weekly trading performance.
2. have enough data, in order 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 19/06/2023

USD/CAD (7.50 am)

Analysis: My reason for selling was inspired from our weekly market analysis

USD/CAD Update (11 am)

Analysis: I trailed from here onwards. Price got few pips close to my tp, then gave a deep pullback which cleared my SL, to give me +13 pips

USD/CAD Re-entry (2..02 pm)

Analysis: Price rejection outside the descending channel, which now serves as a strong resistance zone gives me a bearish confirmation, hence my re-entry

TUESDAY 20/06/2023

USD/CAD Update

Analysis: SL got hit and I lost -51 pips

WEDNESDAY 21/06/2023

CHF/JPY (2am)

Analysis: The was inspired from our Wednesday market analysis

CHF/JPY Update (3 pm)

Analysis: Closed with +74 pips (trailing SL)

AUD/USD (2pm)

Analysis: A breakout below a key support zone was what inspired the sell

AUD/USD Update (6.30 pm)

Analysis: Manually closed with -41 pips

CAD/JPY (9.30 pm)

Analysis: My reason for buying can be seen in our Thursday market analysis

USD/CAD (9.30 PM)

Analysis: My reason for selling can be seen in our Thursday market analysis

FRIDAY 23/06/2023

CAD/JPY Update (11 pm)

Analysis: Closed the CAD/JPY trade with +243 pips. There were 3 positions in total

USD/CAD Update (11:15 pm)

Analysis: I am holding USD/CAD through the weekend. I am still very much bearish. hopefully it plays out next week

Trade activity summary for the week

In conclusion:

It was a busy trading week for me, particularly on Wednesday. There were so many great setups to trade and less high impact news, and that’s where I thrive as a swing trader.

My best trade was obviously the CAD/JPY, however I never really expected much from it. I was actually hoping that USD/CAD will drop heavily and give me scaling opportunities, but the opposite happened. 

If there is any lesson to be learnt from this week’s trading, it would be: “Having an open mind when trading the market”

If I was so focused on leveraging on the USD/CAD trade, I would have missed the opportunity CAD/JPY presented. So far, all my weeks in the month of June have been profitable

How did you trading week go?

NOTE:

• FIDELCREST: https://fidelcrest.com/#CRAFTER
• THE FUNDED TRADER: https://dashboard.thefundedtraderprogram.com/purchasechallenge-n/?sl=3322 (use the coupon code: THE0CRAFTER)
• MY FUNDED FX: https://myfundedfx.tech/purchasechallenge/?sl=758
• BESPOKE FUNDING PROGRAMME: https://www.bespokefundingprogram.com/The_Crafter?ref=The_Crafter