What is your method of tracking & remembering setups? | Forex Factory

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What is your method of tracking & remembering setups?

  • #1
  • First Post: Nov 7, 2016 1:50am Nov 7, 2016 1:50am
Hello

I am trying to find the best way to remember and not miss a future setup, once you recognize it.
For example:
You see a chart pattern and resistance level and want to sell when it reaches that level and a few criteria are met.

Do you:

write it in a word doc? excel doc?
write it on your charts?
write it on a notepad? sticky notes?

etc.

Thank you
  • #2
  • Nov 7, 2016 2:14am Nov 7, 2016 2:14am
Quoting pulke
Hello I am trying to find the best way to remember and not miss a future setup, once you recognize it. For example: You see a chart pattern and resistance level and want to sell when it reaches that level and a few criteria are met. Do you: write it in a word doc? excel doc? write it on your charts? write it on a notepad? sticky notes? etc. Thank you
Do whatever works for you.
Some have it hanging above their monitors.
Some have a notebook in their desk for reference.
Some people make a flow chart.
Some people have it all memorized and don't need any of that.
Some people have a document on their computer.
Some people don't even have a strategy and don't need any of this.

Just do whatever works for you.
Try some things.
Personally I think making a flowchart for your trading is the most helpful for people but it's very annoying to make if your strategy has uncertainties.
I personally do not have to have anything hanging around or written down however I do have it written down somewhere in case I would ever need it but during my trading I have no need for it and I have everything memorized.

Also if you need to refer to a document to be able to trade a setup you probably should not be trading that setup in a live account setting.


-AntiVi
  • #3
  • Nov 7, 2016 3:22am Nov 7, 2016 3:22am
Quoting pulke
Hello I am trying to find the best way to remember and not miss a future setup, once you recognize it. For example: You see a chart pattern and resistance level and want to sell when it reaches that level and a few criteria are met. Do you: write it in a word doc? excel doc? write it on your charts? write it on a notepad? sticky notes? etc. Thank you

This is a problem for me in trading and in life in general. I think the key is find a system and stick to it.

You probably need to set price alerts in whatever platform you are using.

For date reminders, MT4 alerts will do this, but a calendar is probably better.

One application I favor is Google Keep, which will allow you to save chart images and also set reminders, including categories.

If you set up a system, however imperfect, also set up a check list so that you follow it with every set up.

Good luck. If you are thinking this way, you are definitely on your way to being successful.
Gone to a better place
  • #4
  • Last Post: Nov 7, 2016 7:46am Nov 7, 2016 7:46am
Quoting smikester
{quote} This is a problem for me in trading and in life in general. I think the key is find a system and stick to it. You probably need to set price alerts in whatever platform you are using. For date reminders, MT4 alerts will do this, but a calendar is probably better. One application I favor is Google Keep, which will allow you to save chart images and also set reminders, including categories. If you set up a system, however imperfect, also set up a check list so that you follow it with every set up. Good luck. If you are thinking this way, you...
Thank you for the good advice.
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