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Day Trading Template
Day Trading Template
Day Trading Template
Objectives OBJECTIVE:
and Generate consistent daily income through short-term trades.
Goals
GOALS:
• Achieve a daily profit target of [amount] or [percentage].
• Limit daily losses to 3%.
• Maintain a monthly average return of [percentage].
TIMEFRAME 1. CHART TIMEFRAMES:
Utilize W1,D1,H4, 15-minutes and 1-minutes charts for trade analysis
3. POI SELECTION:
Strict minimum criteria:
Engulfed or STB,BTS method (pivot or range?)
Led to a break of structure (CHOCH/I-BOS/BOS)
Added confluence:
Flip
Swept LQ
Available strong LQ (Inducement)
Stacked with a HTF zone
Pricing (P&D)
Chain
MTF mitigation
Wait for entry model (RE/CE [LQ-EM 2A etc])
Liquidity must be taken before entry (?)
V-shape (momentum out)
CHOCH
SET entry limit on edge/25%/EQ/body
SL behind entry zone
1. PROFIT TARGETS:
Set profit targets at 10R above entry, considering reward-to-risk
ratio.
2. EXIT RULES:
Exit the trade if it hits the profit target or stop-loss level.
Example:
TRADE
MANAGEMENT PT/POF>10R
CT/COF>5R
(Adjust if key level near target)
Trail to BE (or behind LTF strong H/L) after break of LTF pullback H/L
2. LESSON INTEGRATION:
Implement lessons learned into future trading sessions and adapt strategies as
needed.
3. JOURNAL:
Maintain a trading journal to document trades, outcomes, and lessons.
2. DISCIPLINE:
Stick to the trading plan’s rules even during volatile market periods.
3. PATIENCE:
Exercise patience and discipline, waiting for high-probability setups.
2. CONTINUOUS LEARNING:
Continuously staying informed about emerging trading strategies, market trends, and
technological advancements ensures you remain adaptable in the ever-evolving
trading landscape.
3. MINDSET:
Practice mental resilience and discipline, viewing trading as a long-term journey.
FONDAMENTAL ANALYSIS
Unemployment Claims/Initial Jobless Claims (USD) November 2nd EURUSD
USD �✅
(8:30 am ET)
- Unemployment Claims
�Previous.: 212K
�Forecast.: 210K
�Actual.: 217K
Insights:
Lower Unemployment Claims -> Stronger USD
Higher Unemployment Claims -> Weaker USD
�Actual: 4.0%
If lower than forecasted or previous, that could weaken the USD
EURUSD
TP : 30 PIPS SL :10 PIPS
XAUUSD
TP: 100PIPS SL:30pips