Trade Log Planner Oct2011

 

Trade Log/Planner Market

TimeFrame

Date

Pattern

  7 deadly sins

Long or Short Entries

CHECKLIST

3

Primary (trade or no trade?)

1. entering a new trade just before news

1 

RvR

FALSE

2 

Supply/Demand

3

Higher TF Supply/Demand? RSI PR,NR or multiple PD, ND?

> 1:2 1:2 an and d 50 50 p pip ipss tto o fi firs rstt ttar arge gett

2. in infl flue uenc nced ed by oth other erss

FALSE

Pr iicce at S Su upDem zo zone ?

3. T Trrading N NY Y af afternoon or or S Su unday e ev vening

FALSE

Aligne Aligned dw with ith S/D on high higher er T TF F?

4. CPI or Int Rat Rate e ann announ ouncem cemen entt in 24 hrs

FALSE

rsii re rs reve verrs a all o orr d diive verg rge enc nce e?

5. O Ove verr e exp xpos osed ed on one cu curr rre ency

Stop  

6. Impulsive trade

Targets

SCORE:

Equity target %

( < 4 means no trade)

7. enter trade too early

Secondary (heavy or light trade?)

1  2 

With Bias/Trend

3 

Higher TF Bias/Trend?

Reward Risk RvR

0

#DIV/0! #DIV/0! #DIV/0! 0.50%

pips pips

Harmonic Pattern? Strong Supply/Demand? SCORE:

FALSE FALSE

with bias/trend on this TF?

FALSE FALSE 0

Price at D of harmonic pattern? Fresh Sup/Dem - Strong? ( 4=1% risk, else 0.5% risk)

with bias /trend on TF above?

Notes

NO TRADE

Reminders

  Risk %

0.5%

Lots (or £/pip)

 

lower risk

Reciprocal Ratios for AB=CD

 

C ( AB retrace)

how to exit the trade - under what circumstances to close out 

 

Exit Plan    initial stop loss - when to reduce risk - when to elininate risk (breakeven)

Stop Loss plan

D (BC extension)

0.382

2.24 or 2.618

0.5 0.618 0.707 0.786 0.886

2.0 1.618 1.414 1.27 1.13

Alt AB=CD's Bias/Trend H4 Daily

Supply/Demand A Alligned ((y yes/no)   3 Supply Demand   3 Supply   Demand  

LoV's LONG SHORT

1.27AB=CD 1.618AB=CD

 

Market

TimeFrame

Date

  1

Long or Short Entries

Stop

CHECKLIST Primary (all must be good to trade )

1 

RvR

TR

 

2 

Structure

TR

 

3

Strong Supply/Demand

TR

 

Higher TF Supply/Demand?

TR

 

 

SCORE:

Targets

4

1 

Secondary Secondar y (heavy or light trade?) trade?)

2 

With Bias

TR

 

3 

TF above bias?

TR

 

AB=CD Hurst or Sonar

TR TR 4

 

Reward #DIV /0! Risk #DIV /0! RvR #DIV /0! Equity target % 0.50% Risk %

1.0%

Lots (or £/pip)

 

pi ps pi ps

SCORE: TRA-A-A-A-A-DE!! MAX RISK

where the targets are and under what conditions you will close out the trade

Exit Plan

where the initial stop losses are (and why) - and when to move to b/e (breakeven)

Stop Loss plan

 

     

Bias

Supply/De mand Levels 1 Supply

H4

 

Demand   1 Supply   Demand  

Daily

 

fxgw alert id

Lessons Learned

 

7 deadly si sins ns 1. entering a new trade trade just before bef ore news

UE

> 1:2 and and 5 50 0 pips to first first ttar arget get

2. influenc influenced ed by ot other herss