SUCCESSFUL!

TRADER`S CHECKLIST or BEFORE YOU BEGIN

Intraday trading
All analysis is to be done on elder timeframes (H4, H1, M30)
Date: ____ /____ /________
Session: ________________
Instrument: _____________
Goal: _________________ pt.
1. Overall trend direction:
Draw channels and/or trend lines.
up
down
no trend
2. Support and Resistance levels:
Draw horizontal lines at round levels (like .00, .50, .00, .50).
Look how the price behaves at the lines areas.
Which of these levels were broken lately (start from the most recent one)? What was the direction?
And which of them held the price?
Level
Resistance-2
Resistance-1
(here`s the price now)
Support-1
Support-2
3. The two last big movements of the market:
Compare them with each other.
Find out which of them is the main one, use Fibonacci retracement tool .
4. Bring the facts together and decide in which direction you will trade today:
up
down
5. Switch to the main trading screen and look for entry setups.

Is the goal achieved?

Yes
No
Result ________________________
Comments:
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I am a successful trader and I can get what I want!