Forex Trading Journal

11 Jan 2025

GBPCAD short trade on 8/1/25

- Strength meter GBP = 0, CAD = +5

- Entry time around 4:00pm

- Immediate strength meter

- note: I choosed NZDUSD short trade for this day. This GBPCAD trade happened to be a better and smooth trade.

NZDUSD short trade on 8/1/25

Pre-Analysis:

- Strength meter NZD = -2, USD = +4

- Exit plan at 2R profit, with $10 risk.

Entry:

- Entry time 4:04pm (London session)

- Immediate strength meter

Post Analysis:

- Price dropped as expected.

- Took this trade calmly, I have checked everything I need to check.

- Feel confident on this trade.

- There was another trade that give great risk to reward compared to this trade, GBPCAD short. I documented it on other post.

- Keep this momentum moving in the hope to get my account balance back to initial level before thinking to reach 6% profit target.

- Update (12/1/25)

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.