This page is written as a trading journal, walking you through the process of short-term Forex trading. The goal is to understand the rhythm, not just the theory.
Open your daily chart. Look at the last 20–30 candles. Identify whether the market is in an uptrend, downtrend, or sideways consolidation. Ask yourself: Where are the key support and resistance zones?
Mark them clearly. They will guide your trading day. This is where the bigger players have left footprints.
Switch to the H1 chart. Here, refine your bias. Are we trending in line with the D1, or do we see pullbacks? H1 gives you the “heartbeat” of the session.
Look for alignment between D1 and H1. If D1 shows bullish momentum and H1 also makes higher highs, you have a green light to look for buys later.
This is where short-term setups begin to form. Wait for either:
Do not rush. On M15, patterns often fake out first. Patience here saves you from traps.
Now zoom in. Watch the exact breakout candle. On M5 you want to see:
This is where you prepare your entry, stop loss, and targets.
Entry: at or just above the breakout candle close.
Stop Loss: below the last M5 swing low (for buys) or above the swing high (for sells). Always keep it logical, not random pips.
Target 1: a fixed risk-to-reward (2:1 is minimum). Target 2: next structure level or daily support/resistance.
Remember: short-term does not mean reckless. Each entry is structured.
After execution, write down: Why did you enter? What did you see on D1/H1/M15/M5? Was volume confirming? Did the candle show strength?
This habit builds discipline and lets you refine your process. Over time, you will see patterns in your own behavior and results.
Not every day offers a valid short-term setup. That is fine. No trade is also a decision. Respect your plan, respect risk, and let the market come to you.
Short-term Forex trading is about consistency, not constant action.
Tip: Bookmark this page. Use it as a checklist each trading morning. Step by step, like a pilot going through pre-flight checks.