1st trading week of 2023 (2nd-6th of January)

Hey traders,

Welcome to 2023… Pipsmanship will be used as one of my trading journals going forward.

The reason for this is to encourage traders to keep one for two major reasons:

  1. Track their weekly trading performance.
  2. Work on their trading technique and psychology

Both can only be done when you keep a comprehensive journal, and review it every week.

Welcome to 2023

 

Hello traders,

CAD/JPY will be my first trade of the year due to its daily breakout

 

TUESDAY (03/01/2023)

Sold CAD/JPY at 4 pm based on the daily tf going below the key support zone

cad/jpy daily

 

cad/jpy 4hr

 

Conclusion:

Lost -168 pips on CAD/JPY. Trade hit SL around 3pm on Wednesday 

 

 

 

WEDNESDAY 7.30AM

Today I took a sell trade on GBP/AUD, I have been tracking this pair since I dropped Tuesday analysis

NOTE: My CAD/JPY is still active

 

GBP/AUD (locked +44 pips) 11am

 

Conclusion:

Trailing SL got hit and +44 pips was bagged

 

Thursday 10.30pm

Sold AUD/JPY, following our Friday analysis

 

AUD/JPY (Pending)

Carrying over the AUD/JPY trade into next week, so we will conclude on how my first week ended after the close of the AUD/JPY

 

Monday 09/01/2023

Finally I closed the AUD/JPY trade from last week with a -125 pips loss

 

 

DATE PAIRS BUY/SELL PIPS MADE/LOST
03/01/2022 (TUE) CAD/JPY SELL – 168 pips
04/01/2022 (WED) GBP/AUD SELL +44 pips
05/01/2022 (THUS) AUD/JPY SELL -125 pips
TOTAL – 249 PIPS

 

In conclusion:

My first week of trading closed with 2 bad trades and one good trade. It could have been 3 bad trades if I had not trailed my GBP/AUD trade, so I am thankful.

No regrets so far…The game is on

 

NOTE:

Hey traders,

If you are into trading for proprietary firm which I believe you should due to the huge advantages involved, look no further

You will enjoy a  5% discount if you use any of these two proprietary firms:

 

1. The funded trader

The funded trader needs no introduction, as they are currently becoming one of the most sorted proprietary firms in the industry due to their flexible challenge rules which consist of you being able to use an EA (expert advisory or trading robot) on one of their packages.

Also their packages are pretty affordable, which also comes with unlimited trials even if you fail to hit the set target within the 35 days period. If you are interested in getting a 5% discount upon purchase, hit THE FUNDED TRADER  and use THE0CRAFTER as the coupon code

 

2. fundyourfx

Fundyourfx are a prop firm that caters for those traders who are not interested in sitting for any challenges. They have the cheapest direct funded account in the industry.

Once you purchase any of their packages, all you have to do is stick to their trading rules and get paid every time you hit +10% ROI, while your account is automatically increased by +50% of initial capital. If you are interested in getting a 5% discount upon purchase, hit FUNDYOURFX and use THE_CRAFTER as the coupon code

 

 

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

error

Enjoy this blog? Please spread the word :)