Trade Log Planner Oct2011
Trade Log Planner Oct2011
Trade Log Planner Oct2011
Market
Long or Short Entries 1 2 3 Stop Targets 1 2 3 Reward Risk RvR Equity target % Risk % Lots (or /pip)
how to exit the trade - under what circumstances to close out
TimeFrame
3
Date
CHECKLIST
Pattern
7 deadly sins
1. entering a new trade just before news 2. influenced by others 3. Trading NY afternoon or Sunday evening 4. CPI or Int Rate announcement in 24 hrs 5. Over exposed on one currency 6. Impulsive trade 7. enter trade too early
pips pips
Notes Reminders
Exit Plan
initial stop loss - when to reduce risk - when to elininate risk (breakeven)
Alt AB=CD's
Bias/Trend H4 Daily LoV's LONG SHORT 3 Supply Demand 3 Supply Demand Supply/Demand Aligned (yes/no)
Market
Long or Short Entries 1 2 3 Stop Targets 1 2 3
TimeFrame
1
Date
CHECKLIST Primary (all must be good to trade) RvR Structure Strong Supply/Demand Higher TF Supply/Demand? SCORE: Secondary (heavy or light trade?) With Bias TF above bias? AB=CD Hurst or Sonar SCORE: TRA-A-A-A-A-DE!! MAX RISK
fxgw
> 1:2 and 50 pip > 30 bars and t prz in/near str prz in/near str (<4 means no t
Reward #DIV/0! Risk #DIV/0! RvR #DIV/0! Equity target % 0.50% Risk % Lots (or /pip) Exit Plan 1.0%
pips pips
with bias on th with bias on TF abcd on CD leg Hurst < 0.5 or S (4=1% risk, else N charts url's
where the targets are and under what conditions you will close out the trade
where the initial stop losses are (and why) - and when to move to b/e (breakeven)
Supply/Demand Levels
fxgw alert id
Lessons Learned
7 deadly sins
1. entering a new trade just before news 2. influenced by others 3. Trading Friday afternoon or Sunday evening 4. CPI or Int Rate announcement in 24 hrs 5. Over exposed on one currency 6. Impulsive trade 7. Trade not alerted on fxgw
de) TRUE TRUE TRUE TRUE 4 TRUE TRUE TRUE TRUE 4 > 1:2 and 50 pips to first target > 30 bars and time symmetry ok prz in/near strong S/D zone ? prz in/near strong S/D zone ? (<4 means no trade) with bias on this TF? with bias on TF above? abcd on CD leg? Hurst < 0.5 or Sonar with bias (4=1% risk, else 0.5% risk) Notes charts url's
ORE: ?)
ORE:
e trade
(breakeven)