The ECB's daily fixing is not the price you see on screen. Do you log both?

The ECB publishes one reference rate for each currency every working day. Its euro-sterling fixing on 22 October was 0.8377 (EUR/GBP report), and its euro-dollar fixing that day was 1.1205 (EUR/USD report). The fixing is a useful public record, but it captures one moment in the day.

Traders who keep a log often record their entry price without the time or the source. Writing down both the time and the source makes it easier to check a trade later, and to tell a market move apart from a published data point. A fixing taken at one set time may differ from the level at which you could have traded, which is why a journal should say which price it uses.

We would like to hear how you keep your records:

• Do you record the time and source of every price in your journal?
• Do you ever use an official reference rate to check a broker's quote?
• How do you handle a gap between your fill and the daily fixing?
• Which record do you find most useful when you review a month of trades?

How to review your trades covers the review process.

Please keep replies to your own experience. Posts that promise a direction or sell signals will be removed.