Daily Trading Checklist for Consistency & Profitability
1. Pre-Market Preparation (Before Trading)
Review Economic Calendar and News
Check high-impact news (NFP, CPI, FOMC) to avoid trading before major releases.
Example: If NFP is at 12:30 PM UTC, avoid trading 30 minutes before and after.
Analyze Market Structure (Trend and Bias)
Identify if the market is bullish, bearish, or ranging.
Example: If GBP/JPY is bullish on 1H timeframe, look for bullish order blocks (OBs) and FVGs.
2. Execution Phase (During Trading)
Wait for Liquidity Grab Before Entering
Smart money often sweeps liquidity before moving in the real direction.
Example: GBP/JPY makes a false breakout above Asian session highs, then prints a bearish OB confirmin
Ensure Risk-to-Reward (1:3 or Better)
A positive risk-to-reward ratio ensures long-term profitability.
Example: Risking 10 pips for 30 pips TP (1:3 R:R) ensures profitability over time.
3. Post-Trade Review (After Trading)
Log the Trade in a Journal
Identify mistakes, strengths, and areas for improvement.
Example: GBP/JPY trade failed because there was no liquidity grab before entry. Next time, wait for a stop
Screenshot and Annotate Charts
Helps visualize mistakes and refine strategy.
Example: If USD/JPY hit SL because you entered too early, screenshot the chart and note the mistake.
Final Notes for Consistency & Profitability
Trade only high-probability setups (No FOMO).
Always risk only 1-2 percent per trade.
Stick to 1:3 R:R or better.
Use a trading journal for continuous improvement.
Follow a fixed routine (Pre-market, execution, post-trade review).
