Forex Trading Journal

7 Dec 2022

6 Dec 2022: USDCAD

USDCAD long trade on 6/12/22

Pre-Analysis:-

- USDCAD was in uptrend for higher timeframe (D1 & H4).

- VSA chart:- SOS appeared on M15 chart

Entry:-

- Entry time 6:00pm

- Risk 0.25%

- Trade classification: C trade (SOS without confirmation)

Post Analysis:-

- Trade closed at breakeven

- Move stop at breakeven before went to sleep. Price hit stop around 12:00am (7/12/22) and rebound after that.

- I thought this trade might not work but I'm prepared to breakeven that what made me move the stop.

- Eventually price hit higher and again I missed the profits.

- Now my other issue is how to exit a trade?

- As at 5:00pm 7/12/22 here is how USDCAD perform.

6 Dec 2022

5 Dec 2022: EURCAD

EURCAD long trade on 5/12/22

Pre-Analysis:-

- EURCAD on uptrend referring to higher time frame (D1 & H4).

- VSA chart show sign of strength (SOS) in M15 timeframe.

Entry:-

- Entry time 8:45pm

- Risk 0.25%

- Trade class: B trade (SOS with confirmation and got change in behaviour)

- Note on risk, for B trade I suppose to take a trade with 0.5% but this time I reduced it as previous trade (AUDUSD long) suffered with full loss of risk.

Post Analysis:-

- I closed trade with profits. (2.73R)

- Time of exit 5:30am (6/12/22)

- Look at what happen to my emotion and fear, as previous trade I lost then for this trade I decided to change risk taking to only 0.25% instead of 0.5%.

- This emotion resulting from the unnecessary lost made me missed larger profits. If I took this trade as per usual 0.5% (B trade), then my profits will be 1.365% of my account balance.

- With reduced risk I manage to get only 0.6825% increase out of account balance.

- What a missed still. High performance trader might consider this as a loss as well.

- Update:- as at around 5:00pm (7/12/22) this is how EURCAD perform

5 Dec 2022: AUDUSD

AUDUSD long trade on 5/12/22

Pre-Analysis:-

- AUDUSD trending up based on higher time frame (D1 & H4)

- VSA chart on M15 timeframe:-

Entry:-

- Entry time 5:45pm

- Risk 0.25%

- Trade classification: C trade (SOS with confirmation but there was no change in behaviour yet)

Post Analysis:-

- Trade closed with loss (full risk)

- Here again I took a trade that suppose not to be a trade.

- There was not change in behaviour. Only take a trade when no change in behaviour, if SOS/SOW show ultra high volume accompanied by very wide spread bar.

- Avoid unnecessary trade to avoid loss.