What happened
I took four trades this week, all on EUR/USD. They ended with one win and three losses (25% win rate). The net result is -40 pips, about -3.25R across the three trades with a recorded stop. The only winner was an eight-minute sell on Monday for +3 pips, with no stop recorded. The losses were -9, -14 and -20 pips.
What the trades showed
- Tuesday's sell closed at 1.15464, past my stop at 1.15447, so the loss was about -1.24R instead of -1R.
- Wednesday's buy at 1.15563 reached only 0.2 pips in profit before going against me and ended at about -1R.
- Thursday's buy was open for about 29 hours. At its best it was about 20.1 pips in profit, then it came back and closed at the stop for -20 pips, about -1R.
What I want to improve
None of the trades has a take profit, tags, an entry reason or a review, so I can't reconstruct what I was thinking. That's a gap in the journal itself. The Thursday trade shows it best: it was almost 20 pips in profit and I have no written plan for what to do with that profit. Next week I want to write down the reason for entry and a plan for profit before I open a trade.
