ThePipsMaker Trading Checklist

Step 1
Go to Forex Factory to check the important data release time.

Step 2
Record the previous day (HLC) & today's Open for all the 4 major currencies.


Step 3 - On the Weekly & Daily Chart

• Identify all S&Rs.
• Draw trendlines.
• Identify candlestick signal.
• Determine whether overall is a BUY or SELL week.

BUY WEEK

• take few lots profits and adjust the price of balance lots to ENTRY price when doing Intra-day
• hold a longer period and use Fibb to maximize profit (intra-day or scalping)

SELL WEEK

• try to take profits when hit MINIMUM target (both intra-day and scalping).
• try not to hold for long period (both intra-day and scalping).

If it's a sell week, same situation with buy week in opposite way.

Step 4 - On the Hourly Chart

• Identify all S&R.
• Draw trendlines.
• Identify candlestick signal
• Determine whether its an intra-day or scalping opportunity (refer to Step 3).

Do not get AFFECTED by the Previous Trade(good or bad).

MUST accept uncertainty in the market.

DO NOT be afraid of being Stopped Out (EXTREMELY IMPORTANT)!

Every trade is a NEW trade.