Forex Trading Journal

12 Jan 2022

2 trade example on 11 Jan 2022, GBPUSD (long trade) and USDCAD (short trade)

GBPUSD:-

Update:-

- Trade can possibly close with profit

USDCAD:-

Update:-

- Trade could end up profit

This is NZDCHF long trade that can be taken on 10/01/22

- The VSA principle appear very near to previous support.

Update:-

- Possible close trade with profit (following trailing stop)

NZDCAD short trade

Pre-Analysis:-

Entry:-

- Last trade of 2021

- Lot Size: 0.83

- Risk: 1% ($ 98)

- Time of entry: 7:00pm

- TP: Trailing stop

Post Analysis:-

- Trade closed with profit

- Again profit still not at maximum, need to master how to close with max profit.

- Profit $ 204.60, (2.08R)

- A possible close to 4R profit ratio max.

- Still worried to let the position open through weekend.

USDCAD long trade:-

Pre-Analysis:-

Entry:-

- Lot Size: 0.53

- Risk: 1% ($ 99)

- Time of Entry: 8:00am

- TP: trailing stop

Post Analysis:-

- Trade closed with loss $ 37.24

- However I managed to reduce risk, instead of initial stop at $ 99

- But this trade can be manage better than this.

- After failing to break the resistance, I should consider to move the stop at break even.

- My FTMO account now sink to negative territory, a lot of work ahead with remaining 2 weeks plus trading day.