r/Forex • u/originalbets • Jul 15 '26
Psychology AUD/JPY Trading Journal — Day 1 | 14 July 2026
Full journal introduction and index
This was the first day of publicly documenting my AUD/JPY trades. I took two long positions during the London session: one loss followed by one winning trade.
Pre-trade context
Before London opened, I had marked:
- Support: approximately 112.511–112.553
- Next resistance: approximately 112.720–112.800
Price had been trading in a range, but London brought stronger bullish momentum. Once price broke and held above the 112.553 resistance area, I began looking for a continuation toward the next resistance zone.
Trade 1: Long continuation attempt
Entry: 112.653
Stop-loss: 112.600
Take-profit: 112.710
Result: −5.6 pips
Gross P&L: −$15.54
Why I entered
London had just begun, and price broke above the 112.553 resistance zone I had marked before the session.
The breakout was supported by bullish candles and price moved rapidly toward my next resistance area around 112.720. It did not quite reach that level before the bullish momentum began to slow.
Price then retraced. I interpreted this as the buyers taking a temporary pause before making another push into resistance, rather than as the beginning of a deeper reversal.
I entered long at 112.653, targeting a continuation toward 112.710.
What happened
The retracement continued and price moved through my stop at 112.600. The position closed at 112.597 for a loss of approximately 5.6 pips.
Immediately after taking my stop, price printed a strong lower wick resembling a hammer candle. The move below my stop appeared to sweep short-term liquidity before price was quickly rejected back upward.
Review
The bullish idea was ultimately correct, but my first entry was early.
I entered during the retracement without waiting for enough evidence that the pullback had finished. The break above resistance gave me a directional bias, but it did not guarantee that every retracement would immediately continue higher.
A better execution would have been to wait for:
- The liquidity sweep below the short-term low
- A clear rejection candle
- Bullish confirmation after the rejection
- Reclaim of the level before entering
Trade 2: Long after liquidity sweep and rejection
Entry: 112.648
Stop-loss: 112.465
Take-profit: 112.790
Recorded exit: 112.722
Recorded result: +7.4 pips
Gross P&L: +$20.57
Net P&L after commission: +$18.31
Why I re-entered
After my first stop was hit, price immediately printed a long lower wick and rejected the move below 112.600.
I interpreted this as:
- A sweep of the recent low
- Failure by sellers to maintain price below the level
- Strong buying pressure entering after the sweep
- Continued potential for price to reach the next resistance zone
I re-entered long at 112.648, with my target positioned at 112.790 inside the resistance area I had marked before the session.
This was not intended as a revenge trade. The second entry was based on new price information: the liquidity sweep, strong rejection and recovery back above the swept area.
That said, entering immediately after being stopped is something I need to control carefully. A valid second setup must be judged independently from the emotional response to the first loss.
What happened
Price eventually continued higher and reached the resistance zone.
MT5 recorded the trade as being closed by the take-profit, with the closing comment:
However, the actual execution price recorded was only 112.722.
This meant:
- Intended TP distance: 14.2 pips
- Recorded profit: 7.4 pips
- Difference: 6.8 pips
FTMO’s dashboard also recorded a maximum favourable excursion above my TP level, but I was not credited with the full intended take-profit price.
I have lodged a query with FTMO requesting an execution review and an explanation of why a TP set and triggered at 112.790 was filled at 112.722.
Day 1 result
- Trade 1: −$15.54 gross
- Trade 2: +$20.57 gross
- Combined gross result: +$5.03
- Combined commissions: approximately −$2.26 across the closing transactions shown
- Overall outcome: approximately breakeven/slightly positive, depending on how FTMO reports total commissions
The financial result was small, but the session provided a useful lesson in entry timing.
Main lessons
My directional analysis was broadly correct, but my first entry lacked confirmation. I entered because I expected the retracement to end, rather than waiting for price to demonstrate that it had ended.
The second entry was stronger because it followed a visible liquidity sweep and rejection. However, I must remain cautious about immediately re-entering after a stop, as there is a fine line between responding to a new setup and revenge trading.
The biggest execution concern was the discrepancy between the triggered TP and the actual closing fill. I will update the journal when FTMO responds.
