Forex Trading Journal

14 Feb 2023

AUDUSD long trade on 14/2/23

Pre-Analysis

Entry

- Entry time 3:03pm

- Risk 0.25%

- Exit plan, TP @ 0.70500 for approx. 3R profits

Post Analysis

- Scratch the trade

- Signal for entry appeared on Asia trading session. The time when I entered this trade was wrong.

- Avoid trade that already started during Asia session as I did not trade during this session.

- Price after trade was closed

NZDUSD long trade on 13/2/23

Pre-Analysis

Entry

- Time of entry 4:08pm

- Risk 0.25%

- Exit plan TP @ 0.64000 for approx. 2.8R

Post Analysis

- Scratch the trade for very small profits.

- Trade went up close to 1.5R profits but I did not close.

- Then on 14/2/23 there was news event related to NZD, inflation expectations q/q and price went down drastically, which finally hit breakeven.

- I should cash out, focus on one trading day only, it is very hard to trailing the profits.

- Price after I closed trade

USDCAD short trade on 10/2/23

- Time of entry 8:30pm

- Max profits 3.52R

USDJPY short trade on 10/2/23

- Time of entry 3:00pm

- Max profits 5.34R