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 18/09/2023
CAD/JPY (9.40 pm)
Analysis: Bought CAD/JPY based on our Tuesday Market Analysis
TUESDAY 19/09/2023
CAD/JPY Update (9.21 am)
Analysis: I trailed CAD/JPY, and closed it manually with +29 pips because of the high impact news on CAD.
WEDNESDAY 20/09/2023
USD/JPY (10.04 am)
Analysis: Bought USD/JPY based on our Wednesday Market Analysis
USD/JPY Update (2.50 pm)
Analysis: I manually closed USD/JPY with -40 pips loss
THURSDAY 21/09/2023
AUD/JPY (9.40 pm)
Analysis: Bought AUD/JPY based on our Friday Market Analysis
FRIDAY 22/09/2023
Analysis: Closed AUD/JPY manually with +55 pips
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| MON (18/09/2023) | CAD/JPY | BUY | + 29 pips |
| TUE (19/09/2023) | USD/JPY | BUY | – 40 pips |
| THUS (21/09/2023) | AUD/JPY | BUY | +55 pips |
| TOTAL | +44 pips |
In conclusion:
Let’s start with what I did wrong this week:
The USD/JPY trade was taken too early because the daily candlestick did not break the major key resistance zone. Moreover, Tuesday had major red folder news events on USD, so there was no point taking that trad. Greed and impatience infiltrated me this week, and I paid for it
What I did right, but did not pay off:
The CAD/JPY trade was taken at the right time and I also exited at the right time in order to guard my profits from red folder news events. Funnily, the news events favored my analysis and if I was in, I would have made a kill (lol). No regrets though, it’s all part of the trading system
The AUD/JPY trade was well executed from start to finish, so no complaints. Overall I will say, I was lucky I closed in decent profits. Lucky because the market played along with my AUD/JPY analysis.
Looking forward to next trading week. How did your trading week go?
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