Using an Entry and Exit check list to improve your Forex Trading

Introduction

Barry Thornton uses an entry and Exit checklist to do a postmortem of all his trades to determine whether there is room for improvement when using his trading technique.

This process also enables him to pick up subtle changes in the market and allows him to make quick changes to his market trading approach

This survey covers the content of the trading checklist and offers clients an opportunity to add items that they have found useful in the past.

Both the entry and the exit determine the amount of profit made in a transaction. This checklist covers items that are applicable to both activities.

The questions are divided in to the following types:-

1. Uncontrollable factors
2. Environmental and preparation factors
3. Trader errors

THANK YOU FOR YOUR PARTICIPATION

Question Title

* 1. Please rate the following as UNCONTROLABLE reasons you have personally encountered or that already on your checklist in order of importance. These items cover that are not normally under the control of the trader. Other items will be covered in future questions

UNCONTROLLABLE REASONS FOR TRADING DIFFERENCES

(Please add your own in the facility provided)

	NOT IMPORTANT: I never consider this	IMPORTANT: I have never USED this	IMPORTANT: I only consider this when it is OBVIOUS	IMPORTANT: I ALWAYS consider and use this	N/A
Price slippage (Entry and Exit)	Price slippage (Entry and Exit) NOT IMPORTANT: I never consider this	Price slippage (Entry and Exit) IMPORTANT: I have never USED this	Price slippage (Entry and Exit) IMPORTANT: I only consider this when it is OBVIOUS	Price slippage (Entry and Exit) IMPORTANT: I ALWAYS consider and use this	Price slippage (Entry and Exit) N/A
Poor fill by Broker (Entry and Exit)	Poor fill by Broker (Entry and Exit) NOT IMPORTANT: I never consider this	Poor fill by Broker (Entry and Exit) IMPORTANT: I have never USED this	Poor fill by Broker (Entry and Exit) IMPORTANT: I only consider this when it is OBVIOUS	Poor fill by Broker (Entry and Exit) IMPORTANT: I ALWAYS consider and use this	Poor fill by Broker (Entry and Exit) N/A
Spread slippage due to unexpected spread variations (Entry and Exit)	Spread slippage due to unexpected spread variations (Entry and Exit) NOT IMPORTANT: I never consider this	Spread slippage due to unexpected spread variations (Entry and Exit) IMPORTANT: I have never USED this	Spread slippage due to unexpected spread variations (Entry and Exit) IMPORTANT: I only consider this when it is OBVIOUS	Spread slippage due to unexpected spread variations (Entry and Exit) IMPORTANT: I ALWAYS consider and use this	Spread slippage due to unexpected spread variations (Entry and Exit) N/A
Internet failure (Entry and Exit)	Internet failure (Entry and Exit) NOT IMPORTANT: I never consider this	Internet failure (Entry and Exit) IMPORTANT: I have never USED this	Internet failure (Entry and Exit) IMPORTANT: I only consider this when it is OBVIOUS	Internet failure (Entry and Exit) IMPORTANT: I ALWAYS consider and use this	Internet failure (Entry and Exit) N/A
Slow processing time (Entry and Exit)	Slow processing time (Entry and Exit) NOT IMPORTANT: I never consider this	Slow processing time (Entry and Exit) IMPORTANT: I have never USED this	Slow processing time (Entry and Exit) IMPORTANT: I only consider this when it is OBVIOUS	Slow processing time (Entry and Exit) IMPORTANT: I ALWAYS consider and use this	Slow processing time (Entry and Exit) N/A
Trading platform hanging or slow (Entry and Exit)	Trading platform hanging or slow (Entry and Exit) NOT IMPORTANT: I never consider this	Trading platform hanging or slow (Entry and Exit) IMPORTANT: I have never USED this	Trading platform hanging or slow (Entry and Exit) IMPORTANT: I only consider this when it is OBVIOUS	Trading platform hanging or slow (Entry and Exit) IMPORTANT: I ALWAYS consider and use this	Trading platform hanging or slow (Entry and Exit) N/A
Unscheduled major news (Entry and Exit)	Unscheduled major news (Entry and Exit) NOT IMPORTANT: I never consider this	Unscheduled major news (Entry and Exit) IMPORTANT: I have never USED this	Unscheduled major news (Entry and Exit) IMPORTANT: I only consider this when it is OBVIOUS	Unscheduled major news (Entry and Exit) IMPORTANT: I ALWAYS consider and use this	Unscheduled major news (Entry and Exit) N/A

Please add your own UNCONTROLABLE events that cause trading deviations

Question Title

* 2. Please rate the following as MARKET ENVIRONMENTAL ANALYSIS reasons you have personally encountered or that already on your checklist in order of importance. Other items will be covered in future questions

MARKET ENVIRONMENTAL REASONS FOR TRADING DIFFERENCES

(Please add your own in the facility provided)

	NOT IMPORTANT: I never consider this	IMPORTANT: I have never USED this	IMPORTANT: I only consider this when it is OBVIOUS	IMPORTANT: I ALWAYS consider and use this
Did not trade the the strongest currency against the weakest currency	Did not trade the the strongest currency against the weakest currency NOT IMPORTANT: I never consider this	Did not trade the the strongest currency against the weakest currency IMPORTANT: I have never USED this	Did not trade the the strongest currency against the weakest currency IMPORTANT: I only consider this when it is OBVIOUS	Did not trade the the strongest currency against the weakest currency IMPORTANT: I ALWAYS consider and use this
Ignored the differences in currency volatility in deciding the trading currency	Ignored the differences in currency volatility in deciding the trading currency NOT IMPORTANT: I never consider this	Ignored the differences in currency volatility in deciding the trading currency IMPORTANT: I have never USED this	Ignored the differences in currency volatility in deciding the trading currency IMPORTANT: I only consider this when it is OBVIOUS	Ignored the differences in currency volatility in deciding the trading currency IMPORTANT: I ALWAYS consider and use this
Ignored the economic announcement schedule	Ignored the economic announcement schedule NOT IMPORTANT: I never consider this	Ignored the economic announcement schedule IMPORTANT: I have never USED this	Ignored the economic announcement schedule IMPORTANT: I only consider this when it is OBVIOUS	Ignored the economic announcement schedule IMPORTANT: I ALWAYS consider and use this
Ignored the phase of the currency as reflected by the multiple Moving Average indicator	Ignored the phase of the currency as reflected by the multiple Moving Average indicator NOT IMPORTANT: I never consider this	Ignored the phase of the currency as reflected by the multiple Moving Average indicator IMPORTANT: I have never USED this	Ignored the phase of the currency as reflected by the multiple Moving Average indicator IMPORTANT: I only consider this when it is OBVIOUS	Ignored the phase of the currency as reflected by the multiple Moving Average indicator IMPORTANT: I ALWAYS consider and use this
Ignored the phase of the market (volatile, quite, normal)	Ignored the phase of the market (volatile, quite, normal) NOT IMPORTANT: I never consider this	Ignored the phase of the market (volatile, quite, normal) IMPORTANT: I have never USED this	Ignored the phase of the market (volatile, quite, normal) IMPORTANT: I only consider this when it is OBVIOUS	Ignored the phase of the market (volatile, quite, normal) IMPORTANT: I ALWAYS consider and use this
Ignored currency correlation when selecting the currency	Ignored currency correlation when selecting the currency NOT IMPORTANT: I never consider this	Ignored currency correlation when selecting the currency IMPORTANT: I have never USED this	Ignored currency correlation when selecting the currency IMPORTANT: I only consider this when it is OBVIOUS	Ignored currency correlation when selecting the currency IMPORTANT: I ALWAYS consider and use this
Ignored the direction of cumulative fundamental analysis schedule	Ignored the direction of cumulative fundamental analysis schedule NOT IMPORTANT: I never consider this	Ignored the direction of cumulative fundamental analysis schedule IMPORTANT: I have never USED this	Ignored the direction of cumulative fundamental analysis schedule IMPORTANT: I only consider this when it is OBVIOUS	Ignored the direction of cumulative fundamental analysis schedule IMPORTANT: I ALWAYS consider and use this
Ignored the impact of weekend closures	Ignored the impact of weekend closures NOT IMPORTANT: I never consider this	Ignored the impact of weekend closures IMPORTANT: I have never USED this	Ignored the impact of weekend closures IMPORTANT: I only consider this when it is OBVIOUS	Ignored the impact of weekend closures IMPORTANT: I ALWAYS consider and use this
Traded during a bank or public holiday	Traded during a bank or public holiday NOT IMPORTANT: I never consider this	Traded during a bank or public holiday IMPORTANT: I have never USED this	Traded during a bank or public holiday IMPORTANT: I only consider this when it is OBVIOUS	Traded during a bank or public holiday IMPORTANT: I ALWAYS consider and use this
Ignored Forex option expiry periods	Ignored Forex option expiry periods NOT IMPORTANT: I never consider this	Ignored Forex option expiry periods IMPORTANT: I have never USED this	Ignored Forex option expiry periods IMPORTANT: I only consider this when it is OBVIOUS	Ignored Forex option expiry periods IMPORTANT: I ALWAYS consider and use this

Please your own environmental considerations

Question Title

* 3. Please rate the following as TRADER ERROR reasons you have personally encountered or that already on your checklist in order of importance. Other items will be covered in other questions

TRADER ERROR REASONS FOR TRADING DIFFERENCES

Please add your own reasons for trader failure

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* 3. Please rate the following as TRADER ERROR reasons you have personally encountered or that already on your checklist in order of importance. Other items will be covered in other questionsTRADER ERROR REASONS FOR TRADING DIFFERENCES

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* 4. Please add any comment or feedback that you may have about the checklist and postmortem process.

* 3. Please rate the following as TRADER ERROR reasons you have personally encountered or that already on your checklist in order of importance. Other items will be covered in other questions

TRADER ERROR REASONS FOR TRADING DIFFERENCES