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My daily trading journal: keeping my self in check by rankz

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· @rankz ·
$1.46
My daily trading journal: keeping my self in check



*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]


![](https://images.ecency.com/DQmVgXSwNtSZUVwuHLsWkvTohqQATfFfzZu218WLnFf6xxZ/img_0.334179749949599.jpg)


*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


![](https://images.ecency.com/DQmUNjBmLRLk2DfrSFnxhY4RVyB3BMi5euUiBj81EZkdv8k/img_0.4415040318494821.jpg)

*Chart:* [C-Trader]


*Additional Notes:* Monitor economic news releases for potential impact



1. Track progress
2. Identify patterns
3. Refine strategy
4. Improve accountability


👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 370 others
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vote details (434)
@crazyphantombr ·
Hey, how are you?

I see you've made a few posts in our Freecompliments community, but you're not a member yet. I invite you to join us! Find us through the links on your current *front-end*:
<br>

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</center>
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@rankz ·
Ok will try to join the community 
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@hivebuzz ·
Congratulations @rankz! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

<table><tr><td><img src="https://images.hive.blog/60x70/https://hivebuzz.me/@rankz/replies.png?202410150359"></td><td>You got more than 200 replies.<br>Your next target is to reach 300 replies.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@rankz) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



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@holovision.cash ·
!LOL

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@lolzbot ·
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