Forex Trading Journal

27 Dec 2021

AUDCAD short trade

Pre-Analysis:-

Entry:-

- Lot Size: 0.01

- Time of entry: 2:00pm

- Risk: 10pips (roughly about $1)

- Reason for minimum lot size is today still in holiday (Christmas) AUD, NZD, GBP, CAD bank close today.

- Position today just to get trading day for my FTMO challenge.

Post Analysis:-

- Closed position

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.