20th Trading Week (13th – 17th) of May, 2024 trade journal) • Crafting pips

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.

MONDAY 13/05/2024

USD/JPY (12:17 am)

Analysis: My reason for buying is due to our weekly market analysis

USD/JPY Update (1:25 am)

Manually closed with with +10 pips

EUR/JPY (07:16 am)

Analysis: The strong bullish outlook on the daily and 4 hour time frame inspired the buy

EUR/JPY Update (07:16 am)

Analysis: I manually closed both positions with +10 pips

TUESDAY 14/05/2024

USD/JPY (07:15 am)

Analysis: My reason for buying is due to our weekly market analysis

USD/JPY Update (12.15 pm)

SL hit (-14 pips)

WEDNESDAY 15/05/2024

EUR/JPY (6.54 am)

Analysis: My reason for buying is due to our Wednesday market analysis

EUR/JPY Update (3.19 pm)

Closed at BE

NZD/JPY (3.15 pm)

Analysis: A strong bullish print on the higher time frame, and a bounce on a key support zone on the 15 minutes time frame

NZD/JPY Update (4.20 pm)

Manually closed with +7 pips

THURSDAY 16/05/2024

AUD/USD (10.11 am)

Analysis: An overall bullish trend on the higher time frame and a bounce on a key support zone on the 15 min time frame gave us a buy confirmation

AUD/USD Update (12.40 pm)

Manually closed with -9 pips

AUD/USD Re-entry (4.41 pm)

Analysis: A breakout through a descending trendline on the 15 minutes tf and a strong bullish bias on the daily and 4 hour time frame inspired a second buy

FRIDAY 16/05/2024

AUD/USD Re-entry Update (2.30 am)

Manually closed with -13 pips

Trade activity summary for the week

DATE	PAIRS	BUY/SELL	PIPS MADE/LOST
MON (13/05/2024)	USD/JPY	BUY	+10 pips

	EUR/JPY	BUY	+10 pips

TUE (14/05/2024)	USD/JPY	BUY	-14 pips

WED (15/05/2024)	EUR/JPY	BUY	Breakeven

	NZD/JPY	BUY	+7 pips

THUS (16/05/2024)	AUD/USD	BUY	-9 pips

	AUD/USD	BUY	– 13 pips

		TOTAL	-9 pips

In conclusion:

The week started off on a good note, but I tried over extending my luck into Thursday and Friday

Yes, I call it luck at this point because most of my setups are not playing out the way they should, due to the market’s erratic behavior. So I am literally scrapping the bottom of the pot to survive. This means me taking lesser trades to survive this cycle

Overall, last week I lost -0.7% to -2% on different accounts.

How did your trading week go?

MyFlashFunding ($50k account)