Give us an insight into your trading!

When you get up in the morning, what do you look for and where do you go to find your information? I'm basically looking for an insight into the life of a trader, whether you trade by the minute or the month. Maybe you look for strong openers? Maybe you've known for a week or so that you were going to make a particular trade?

What's your usual routine?

....chuckles

mcrlogitech said:

I only trade based on first hour after the opening session. I start early in the morning 2 hours before the start of the trading session.

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can I ask who you are using ?........or can I guess ?

first i look for what happened to my contracts when i had to sleep for the 6hrs. next, i look at any news, broke or impending. i look at #'s impending on the day.

next, i try to figure out what the dowboys are trying to accomplish.

steparko23 said:

When you get up in the morning, what do you look for and where do you go to find your information? I'm basically looking for an insight into the life of a trader, whether you trade by the minute or the month. Maybe you look for strong openers? Maybe you've known for a week or so that you were going to make a particular trade?

What's your usual routine?

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I try to get to my desk between 6 and 7am (London time).

I review news (I use a squawk service) and check news schedule for coming days. Complete self-analysis.

Open up 1H charts several fx instruments and the main indices, to see how they are trending and whether they may set up. Take note of strength and weaknesses of the currencies. Note volatility levels. Complete mental visualization exercise. Review position sizing parameters.

Aim to be ready at 7am.

Pretty straight forward really. :cheesy:

I just use to look and analyze the charts after the market hours and place the trades in the morning at the start of the market.

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I trade only currencies, about 10 pairs.

My technicality are already drawn from the day before and I adjust them to the latest move, I wake up at the end of NA close and at the opening of the new daily chart.

I will read most of the recent news and take note of the important one coming up to gain an overall sentiment and combine them with technicality if they occur.

For example last week AU was strong, many bears became bulls by covering, important news come out in negative and Au formed a double top, I shorted the 60 m bear candle and made profit.

Markets are always in one phase or another and I will try to trade a style relevant to that market condition.

Well I have started trading for quite a long time from now, and before that I have read a lot about Forex, and also done Demo Trading for about 6 to 8 months, also than I practice trading with small investments in Live account, and now I am happily Trading.