Forex Trading Journal

24 Dec 2021

EURUSD long trade

Pre- Analysis:-

Entry:-

- Lot Size: 0.35

- Risk: 0.5% ($50)

- Time of Entry: 4:25pm (24/12/21)

- TP: Trailing stop

Post Analysis:-

Update:-

- Trade loss with $23.10

- I able to manage this trade so that risk has been reduced, initial stop set at loss with $50.

Update:- (26/12/21)

- Some afterthought on this pair

Trade example on AUDJPY (long trade)

USDCAD short trade

Pre-Analysis:-

Entry:-

- Lot Size: 0.21

- Time of Entry: 3:16pm

Post Analysis:-

- Trade close with profit, $90.66

Update:-

- Here what is the better trade should be manage.

- It will give larger reward.

- Learn to take a trade like this.

GBPJPY long trade

Pre-Analysis:-

Hourly chart

Trend Alignment:-

Entry:-

5 minutes chart

- Further sign of strength appear in 5 min chart.

- Entry after successful test at (2)

Post Analysis:-

- Lot size only 0.11 and entry using 5 minutes chart.

- Using trailing stop so it hit the lock in profit level

- Only small amount of profit only

Update:-

- Here is the much better way to trade GBPJPY

- Using higher time frame hourly and follow the VSA principle.

- This will be my core fundamental of trading. I will trade around VSA principle using hourly chart and this will put me into swing trading style.