Forex Trading Journal

8 Jan 2025

EURCHF long trade on 7/1/25

- Strength meter, EUR = 0, CHF = -3

- Entry time around 3:35pm

- Trade influenced by news release related to CHF currency (CPI m/m).

- Immediate strength meter

CADJPY long trade on 6/1/25

Pre-Analysis:

- Strength meter CAD = +5, JPY = -1

- Plan to take profit at 2R

Entry:

- Entry time 11:00pm (New York session).

- Immediate strength meter

Post Analysis:

- Another scratched trade.

- Lost confident as price dropped below entry price after a brief surge up. Decided to take a lost on this.

- Price able to reach my 2R target.

- Can't do much as I'm not confident to hold on this trade.

- Still can't trade confidently and consistently.

- Not important whether you are right or wrong. How much money you make when you're right and how much you lose when you're wrong the most important.

NZDUSD short trade on 31/12/24

- Strength meter NZD = -5, USD = +7

- Entry time around 8:00pm

- Immediate strength meter

GBPAUD long trade on 27/12/24

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

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

- Immediate strength meter