Forex Trading Journal

29 Dec 2024

GBPAUD long trade on 27/12/24

- Strength meter GBP = +2, AUD = -4

- Entry time around 9:00pm (New York session)

- Immediate strength meter

EURNZD long trade on 26/12/24

- Strength meter EUR = +3, NZD = -6

- Entry time around 8:45pm (New York session)

- Immediate strength meter

- note: missed this trade as I'm lack of focus. All trade that I missed due to my concentration. Need a lot of improvement.

AUDUSD short trade on 24/12/24

Pre-Analysis:-

- Strength meter AUD = -4, USD = +7

- Plan to take this trade for a 2R profit.

Entry:-

- Entry time 8:45pm

- Immediate strength meter

Post Analysis:-

- Scratch this trade.

- Should not take this trade. There was no evidence price will break Asian range or yesterday low price.

- I repeated this mistake again.

CADCHF short trade on 20/12/24

Pre-Analysis:-

- Strength meter CAD = -2, CHF = +3

- Plan to exit at 2R profit.

Entry:-

- Entry time 6:04pm (London session)

- Immediate strength meter

Post-Analysis:-

- Scratch trade.

- During New York session price still hovering around my entry price and I started feeling that this price might not drop as I expected.

- At the end of this trading week, price for CADCHF was not dropping as I wanted and my decision to scratch was a right decision.