VSAAcademy

Planning · Core worksheet

Scenario Plan Worksheet

Convert evidence into a primary scenario, alternative scenario, no-trade condition and risk boundary without pretending certainty.

Convert evidence into a primary scenario, alternative scenario, no-trade condition and risk boundary without pretending certainty.

CategoryPlanning
LevelCore
Use typeProcess control
Signal statusNot a signal

Use note

This worksheet is an educational process-control template. It does not produce signals, recommendations or guaranteed outcomes. Record real decisions honestly; do not rewrite the journal after the result is known.

Purpose

To make scenario thinking practical. A good VSA plan says what must happen next, what would invalidate the read and when no trade is the professional decision.

Best used when

  • After completing the evidence ledger
  • Before entry planning
  • When the market is near a range edge
  • When two interpretations remain possible

Core fields

  • Primary scenario
  • Alternative scenario
  • No-trade condition
  • Trigger evidence
  • Invalidation evidence
  • Expected behaviour if correct
  • Risk unit
  • Management rule

Worksheet checklist

Questions to answer before the decision is accepted

Workflow

Step-by-step use

  1. 1

    Write the primary scenario with evidence.

  2. 2

    Write the best opposing interpretation.

  3. 3

    Define the exact behaviour that would move the idea from possible to actionable.

  4. 4

    Define invalidation.

  5. 5

    Define what makes the chart untradable.

  6. 6

    Size the idea only after the scenario is complete.

Scoring rubric

  • 5 = primary, alternative, trigger, invalidation and no-trade all clear
  • 3 = scenario usable but risk vague
  • 1 = directional forecast

Red flags

  • Turning a preferred outcome into a scenario
  • Moving invalidation after entry
  • Entering before trigger evidence
  • Ignoring the no-trade state

Practice task

Create three scenario plans from case studies. In each one, force yourself to write why the opposite side may still be right.

Printable worksheet

Use this area for your own notes

Source notes

These sources inform the vocabulary, process framing, and risk discipline. The worksheet itself is an educational journaling tool, not financial advice.