Trade Journal

I was holding an overnight position on the euro and it was closed out for a profit of 31 pips. I had no profit target for it and closed out because of the strong resistance at 1.4750. It's better to wait for this level to be broken. I also entered a second position on the euro in the early morning but it got stopped out for 22 pips because of the tight stop.

Scorecard for EURUSD

Traded with the Daily Trend YES
Traded with the Intraday Trend YES
Followed the plan YES
Profit YES

It was a good day for the pound today for me as well. I mentioned in my trade analysis that I would stay out unless there's a good chance, well, there was. I noticed a triangle formation on the chart and played a break out for a profit of 51 pips.

Scorecard for GBPUSD

Traded with the Daily Trend YES
Traded with the Intraday Trend YES
Followed the Plan YES
Profit YES

Total pips banked : 60 pips