PairPilotFX
Free PairPilotFX tool

Trade Preparation Checklist

Turn a trade idea into a structured preparation decision.

Review the same six filters PairPilotFX uses before treating a scenario as prepared: Context → Strength → Structure → Liquidity → Confirmation → Risk.

Your checklist, instrument label, and notes are saved only in this browser on this device.

Choose Confirmed when the statement is true. Choose Waiting when the condition is not ready yet.

The broader market environment is mapped.
01
ContextThe broader market environment is mapped.
Why it matters

Know the macro and risk backdrop before interpreting a chart pattern. Context helps prevent a local setup from being treated as if it exists in isolation.

Relevant scheduled event risk is known.
02
ContextRelevant scheduled event risk is known.
Why it matters

Major data, central-bank events, or other scheduled catalysts can change volatility and invalidate otherwise clean technical conditions.

There is a clear relative-strength reason to prioritize this pair.
03
StrengthThere is a clear relative-strength reason to prioritize this pair.
Why it matters

The pair should earn attention through useful currency separation rather than being selected only because its chart looks active.

Conflicting strength evidence has been acknowledged.
04
StrengthConflicting strength evidence has been acknowledged.
Why it matters

Mixed or converging strength can reduce clarity. If the relative-strength case is not clean, waiting is a valid outcome.

D1 / H4 structure is clear enough to define the scenario.
05
StructureD1 / H4 structure is clear enough to define the scenario.
Why it matters

Higher-timeframe structure should provide the directional and contextual framework before lower-timeframe execution is considered.

H1 structure supports the planned decision area.
06
StructureH1 structure supports the planned decision area.
Why it matters

The execution timeframe should fit the higher-timeframe story rather than contradict it.

The key decision area is identified before entry.
07
LiquidityThe key decision area is identified before entry.
Why it matters

A scenario should have a defined location where price matters. Chasing away from a meaningful area weakens the preparation process.

Nearby liquidity or obvious swing targets are mapped.
08
LiquidityNearby liquidity or obvious swing targets are mapped.
Why it matters

Knowing where price may seek liquidity helps frame both potential reactions and the risk of entering directly into a nearby target.

The confirmation condition is defined in advance.
09
ConfirmationThe confirmation condition is defined in advance.
Why it matters

A scenario is not an entry. Define the displacement, rejection, break, retest, or other evidence that must appear before acting.

The required confirmation is actually present.
10
ConfirmationThe required confirmation is actually present.
Why it matters

If the condition has not occurred, the correct checklist state is Waiting. The tool is designed to make that decision explicit.

Invalidation is objectively defined.
11
RiskInvalidation is objectively defined.
Why it matters

Know what price behavior proves the scenario wrong before deciding whether the opportunity is worth taking.

The planned risk is acceptable for the account and current conditions.
12
RiskThe planned risk is acceptable for the account and current conditions.
Why it matters

Risk belongs in the preparation process from the beginning. A technically valid scenario can still be unsuitable if the risk is not acceptable.

HOW TO READ THE RESULT

Incomplete means some checks are unanswered.Waiting means every check was reviewed but at least one condition is not ready.Complete means every listed condition is confirmed.

Complete does not mean BUY or SELL. It means only that this preparation checklist has been completed.

Keep the process consistent

Use the checklist before the market asks you to make a fast decision.

PairPilotFX Weekly applies the same decision framework to market context, relative strength, structure, liquidity, confirmation, and risk.

Explore the Weekly FX Brief →
Risk note

This checklist is an educational decision-support tool. It does not provide individualized investment advice, a trade recommendation, position sizing, guaranteed outcomes, or autonomous execution.