- Have I correctly filled out the order palette on the trading platform?
- Is the risk-reward (for me, initial S/L to the under) at least 1.5:1?
- Is the dagger below the Propagation 1 EP?
- Correlation -- Am I trading against myself with already-open trades?
- Bid-ask spread -- Is it in normal range for this pair, this session?
- Is any news pending for either of the currencies in this pair for the next hour or two?
- Reality check -- Am I doing anything really dumb here? Do I really want to make this trade? Will a black hole devour me if I do not make this trade?
By Michael Duane Archer