My reason for sharing my trade journal is to encourage traders to also keep one for two major reasons:
- Track 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.
MONDAY 21/08/2023
NZD/USD (5am)
Analysis: The inspiration to sell the NZD/USD came from our Weekly Market Analysis
TUESDAY 22/08/2023
GBP/CAD (9.50 pm)
Analysis: The inspiration to sell the GBP/CAD came from our Weekly Market Analysis
WEDNESDAY 23/08/2023
GBP/CAD update (11.30 am)
Analysis: Closed this trade with +94 pips using a trailing stop loss. The sharp bearish move was fostered by the PMI news on GBP
THURSDAY 24/08/2023
NZD/USD Update (10 pm)
Analysis: NZD/USD was an extremely annoying trade. I took it on Monday, only for it to tie my capital down for over 3 days without profits. I had to exit the trade because it had surpassed it’s shelf life. I closed with -9 pips
GBP/USD (10.15 pm)
Analysis: The inspiration to sell the GBP/USD came from our Friday Market Analysis
FRIDAY 25/08/2023
GBP/USD Update (5.55am)
Analysis: Woke up to see profits on my GBP/USD trade, so I locked +26 pips…. Yes its an aggressive trailing SL, but I was fully aware of the high impact news scheduled later in the day, so my thinking is: Take what the market has to give me, be thankful and call it a week
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| MON (21/08/2023) | NZD/USD | SELL | – 9 pips |
| TUES (22/08/2023) | GBP/CAD | SELL | + 94 pips |
| THUS (24/08/2023) | GBP/USD | SELL | + 26 pips |
| TOTAL | + 111 pips |
In conclusion:
I was less active in the market this week, for there were fewer setups for me. If you notice, I kept on feeding (trading setups) from the weekly analysis I shared last week Sunday.
This week I was happy the way I managed all my trades. NZD/USD cost me time, so I exited when it was close to breakeven. GBP/CAD could have made me more pips if I had held it for one more extra day, but duuuuuuuuude. I am not here to catch the entire trend (lol). If that happens every once in a while, fine. All I focus on is making my own share of the profits spilled.
My GBP/USD was a gamble, but a calculated one. I knew high impact news were lined up for Friday, also I don’t trade most Friday’s, so I just wanted a few pips before 2pm Friday. Well, I got blessed early Friday, and I took what the market offered.
It’s a difficult time to trade, due to the summer break, so I am grateful for closing in profits.
How did your trading week go?
NOTE:
-
THE FUNDED TRADER: (use the coupon code: THE0CRAFTER)
- BESPOKE FUNDING PROGRAMME
- FUNDED ENGINEER
- BLUE GUARDIAN (use the coupon code: CRAFTER)
- GOAT FUNDED
- LARK FUNDING
- SKILLED FUNDED TRADER
- MAVEN TRADING
- MY FLASH FUNDING
