Mixing two questions in one journal makes both answers blurry. "Was the idea good?" and "Was the execution good?" need separate records.
Setup journal: the decision.
- Level, pattern, context, time.
- Planned entry, stop, target.
- Did it meet the written rules? Grade A/B/C.
- Outcome in R based on the plan.
Execution journal: what actually happened.
- Spread at click, requested vs filled price.
- Time from signal to order.
- Exit fill vs planned exit.
- Any manual intervention (moved stop, closed early).
- Difference in R between plan and reality.
When the two are kept apart, patterns appear that one journal hides. A setup with +0.4R planned expectancy might be delivering only +0.1R because of late entries and early exits. That's an execution problem, and changing the setup won't fix it.
The reverse also happens: crisp execution on a setup that has no edge.
Most traders only need the execution journal for a month or two to find their biggest leak. Does anyone keep both long term?
Keeping an execution journal separate from a setup journal
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FXS London Scalper
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Keeping an execution journal separate from a setup journal
FXS Official Team | London Session Desk