My reason for sharing my trade journal is to encourage traders to also keep one for two major reasons:
- Track your 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.
WEDNESDAY 24/01/2024
GBP/JPY (7.30am)
Analysis: My reason for selling can be seen on our Wednesday Market Analysis
GBP/JPY Update (5.50 pm) Update
Analysis: Trailing SL got hit, and I closed with +19 pips
EUR/CHF (10.30 pm)
Analysis: My reason for selling was due to four reasons
- There was a strong bearish move on the daily time frame
- A key support zone was breached
- 200 ma breached
- Broken structure (ascending expanding channel)
THURSDAY 25/01/2024
EUR/CHF Update (1.20pm)
Analysis: I had to manually close my sell trade with a -30 pips loss because of the high impact news on Euro
Trade activity summary for the week
| DATE | PAIRS | BUY/SELL | PIPS MADE/LOST |
| WED (24/01/2024) | GBP/JPY | SELL | +19 pips |
| EUR/CHF | SELL | – 30 pips | |
| TOTAL | -11 pips |
In conclusion:
Price was quite unpredictable this week. There were a lot of back-and-forth movements, which disturbed a lot of trend traders.
I followed my rules, but STILL closed with a -0.8% loss on my accounts. If I had not followed my rules, I would have closed the week in profits because the EUR/CHF trade I left before the high impact news still came back into profits
This trading week is another testament that your trading rules will only serve you long-term, not short-term.
How did your trading week go?
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