Sunday Bias Sheet: Writing a One-Line View per Pair Before the Week

[FXS Prop Desk]

A weekly preparation does not need to be long. One sheet with a single line per pair is often enough to avoid trading blind into the week.

What the sheet contains:

• Pair and weekly context: trend, range, or at a major level on the weekly and daily chart.
• Key levels: last week's high and low, plus one or two daily levels.
• Events: the high-impact releases for both currencies, with day and time in your own time zone.
• One-line bias: e.g. "EURUSD: range 1.0820–1.0950 until Thursday's ECB; no bias before."

Why one line works:

• It forces a clear view instead of a list of possibilities.
• It is easy to check during the week whether the market is behaving as expected.
• At the next weekend, comparing the bias with what happened is a quick review exercise.

Twenty to thirty minutes on Sunday evening is usually enough for five or six pairs.

What does your weekly preparation look like, and how much time does it take?

[Shadow Trader]

The one line only works for me if it carries its own kill switch. Mine reads like: USDJPY, buy dips above last week's low, void on a daily close under it.

Without the void clause I caught myself defending a Sunday opinion on Wednesday out of pride. With it, the sheet tells me when to drop the view, which is half its value.

I also tag each line with one of three words: trend, range or wait. Over roughly twelve weeks my wait lines saved more than the trend lines earned, mostly by keeping me out of pairs parked on a weekly level.

I would push back a little on keeping the weekend review quick. I score every line 0, 1 or 2 per pair, and after two months my EURGBP views were clearly coin flips while my yen views held up.

That tally decided which pairs got dropped from the sheet entirely. Five pairs takes me about twenty minutes now, most of it spent checking event times.

Does anyone write the bias as a level to fade versus a level to follow, rather than up or down? I suspect that framing suits scalpers better than a directional call.