Date:[14/10/2024 ]
Market/Instrument: [ Cryptocurrency]
Trade Type: [ Long]
Entry Price: [2460-2510]
Stop Loss: [2430]
Take Profit: [2600]
Position Size: [1]
Risk/Reward Ratio: [1/7Reward Ratio]
Trade Rationale: [Trade has broken out if the downward market structure, with the up coming election fuelling the easing of the federal reserve the market will be free to move abit. Although price is currently setting at resistance there is the tendency for it to break above 2600 with ease]
Emotional State: [ ( calm, and relax )]
Trade Outcome: [pending]
Lessons Learned: [ lessons learned from trade is pending as the trade is still open]
Tags: [ technical analysis/ fundamental analysis)]
Reflection: [Bullish bias]
Chart: [C-Trader]
Additional Notes: [For a while I have been hearing from other professionals trader that creating a journal give one focus and clear direction and I have been battling with how to start one but Today am breaking free and making the move]
Second trade Forex pair :
Date: 2024-14-2024
Market/Instrument: EUR/USD
Trade Type: Short
Entry Price: 1.092
Stop Loss: 1.09300
Take Profit: 1.09028
Position Size: 0.02 lots
Risk/Reward Ratio: 1:2
Trade Rationale: bearish engulfing pattern on 4-12 hour chart
Emotional State: Calm
Trade Outcome: Profit (+15.5 pips)
Lessons Learned: Importance of patience and waiting for confirmation
Tags: technical analysis, candlestick patterns
Reflection: Expecting Trade to performed as expected; consider adjusting position size
Chart: [C-Trader]
Additional Notes: Monitor economic news releases for potential impact
- Track progress
- Identify patterns
- Refine strategy
- Improve accountability