M & W Printable Trade Checklist

Print and fill in with a pen. Every gate must pass before moving to the next section.

Date: __________ Instrument: ________________ TF: ______ Direction: ☐ LONG (W) ☐ SHORT (M)

Section 0 — Psychological Check

Answer before looking at any chart. Any red-flag answer = stop, walk away.

	Question	Answer
☐	Do you feel relaxed?	☐ Yes ☐ No → STOP
☐	Do you feel scared?	☐ No ☐ Yes → STOP
☐	Feeling like you haven't traded enough this week?	☐ No ☐ Yes → STOP
☐	Feeling like you've taken too many trades today?	☐ No ☐ Yes → STOP

Tick each box only once you've answered honestly. All must pass.

	Rule
☐	Valid W/M structure: impulsive move → pullback ≤40% → second test
☐	At most 1 rogue wick per side
☐	Candle count 7–30 on this timeframe
☐	Neckline correct: lowest body (M) / highest body (W)
☐	PCL validated: horizontal line intersects prior impulsive bodies
☐	MFI divergence present
☐	No weekly trend line between entry and PCL

PCL: __________ Neckline: __________

	Rule
☐	No 3-star news within 8h (USD 3-star affects all instruments)
☐	Not in spread hour (21:55–23:05 UK / 07:00–09:00 AEST)
☐	Not Friday afternoon (H1 and below)
☐	No strong roadblock between entry and PCL (roadblock < 1R = fail)
☐	Break candle ≥ 1 ATR (golden candle)
☐	R:R ≥ 1:1 after any roadblock adjustment

ATR: __________ Break candle size: __________ R:R: __________

Entry: __________ SL: __________ TP: __________ Position size: __________

	Rule
☐	Entry = NL ± 0.5 pip ± half spread
☐	SL = 1 pip beyond swing extreme ± half spread; distance ≥ 10× spread
☐	TP = PCL ± half spread
☐	Position size 0.5–2% risk

	Rule
☐	No strong roadblock between PCL and EFI target
☐	2-EMA Elder Force Index is in trade direction at entry
☐	Plan set: close 50% at TP, let remainder run until EFI reverses

I will not close early unless one of the 5 exit rules triggers:

	Exit rule
☐	1. Price moves sideways for same candle count as pattern formation
☐	2. High-impact news event approaching
☐	3. Within 50 pips of SL before spread hour
☐	4. Friday close (H1 and below)
☐	5. Price hits S/R with a strong reversal candle against position

I accept this trade may hit SL — that is a valid outcome. ☐ Agreed


☐	Journal entry created
☐	Spreadsheets updated (trade-data + all-trades)

Outcome: __________ Notes: ___________________________________________________