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Updated DFX Scalping Trading Journal

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Farhan Works
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133 views1 page

Updated DFX Scalping Trading Journal

Uploaded by

Farhan Works
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DISCIPLINED FX

SCALPING STRATEGY
TRADING JOURNAL

CHECKLIST PRE-ENTRY
30M CHART
⬜ Enter trade on EUR/AUD
3:00am-6:30am EST (London ⬜ Make sure MACD Histogram bars and the
Session) or 8:30am-12:00pm EST
13 EMA on the 30m chart are going in the same
on AUD/USD chart (New York
Session) direction
⬜ Histogram bars must be beyond 0.0001 / 0.000-1.
* If you are trading with a wider Wait for a closed candle that shows breach of this
spread between ask and buy add 2
level.
pips to your stop loss and take off 2
pips from your take profit target ⬜ If both are up, long trades only; If both are down,
(Exp: If SL = 10 pips --> SL = 12 pips; If short trades only
TP = 25 pips --> TP = 23 pips)
⬜ Do not trade if MACD histogram is in divergence
from MACD moving averages

ENTRY ON 15M CHART


STATS
⬜ Check ATR: Stop loss = 1 x ATR + 1-2 pips; Take
Profit = 1.3x ATR
DATE: DAY: ⬜ Enter when price touches 6- EMA on the 15m chart
Currency Pair: and closes back into the direction of trend
Position Size: ⬜ Don't watch the chart
Time Enter:
ATR: LONG/SHORT JOURNAL
Enter Price:
What feelings came up while
Time Exit: I traded?
Exit Price:
What went right?

PROFIT/LOSS:
What went wrong?
R= R P/L=
How can I improve next
Comm: time? What actions can I
take to get better?
Cost of Mistakes:
WWW.DISCIPLINEDFX.COM 2021

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