Trading Routine

[mastergunner99]

My routine?

I trade once a day at 7PM Central.

[Chart Tech]

Originally Posted by mastergunner99

My routine?

I trade once a day at 7PM Central.

Well - I guess you never miss dinner time.

[Yarcofin]

My routine...

On the weekend, I spend a good few hours looking at the charts (I use purely technical analysis) to figure out what trades I want to place when the market opens. 6 pm Sunday when the market opens, I place these trades.

During the week I will check how my pairs are doing in the morning for approximately half an hour around 7 am (see how much I've made or lost, quickly check if the trend will continue, etc. When I come home from work, I'm checking periodically from 5 pm until around 10 pm.

I do very few trades though, typically between 6 to 10 per week.

[Chart Tech]

Originally Posted by Yarcofin

My routine...

On the weekend, I spend a good few hours looking at the charts (I use purely technical analysis) to figure out what trades I want to place when the market opens. 6 pm Sunday when the market opens, I place these trades.

During the week I will check how my pairs are doing in the morning for approximately half an hour around 7 am (see how much I've made or lost, quickly check if the trend will continue, etc. When I come home from work, I'm checking periodically from 5 pm until around 10 pm.

I do very few trades though, typically between 6 to 10 per week.

I more or less would like to stick with technical analysis too. Just about everything I've read says both is needed, but once I started reading through some older threads here, I see there are some traders who use technical only, and it seems to be working out just fine for them. I am reading all I can find on charting. Thanks for answering.

[pablopluto]

Originally Posted by ECN-scalper

One thing for all the potential new traders. Dont believe 95% of people lose money in the forex. 100% lose. its zero sum but you win/ loss is against governments and banks not everyone else. Everyone loses time to time but in the long run EVERY disciplined trader will win. Just rely on tested performances and dont worry over the market. Fundamental traders can make a huge profit but its gambling because S happens and disasters happen and they get called. In and out with some goodies and be happy and repeat.
=========================================

Above comment truly is a nonsensical babble of an insane, uninformed,
non-winning trader. Care to make some sense?

I mean everyone has losing days from sometime or another I think that five percent are the ones that do 1 trade and thats it. When I started out I was swing trading and losing daily. My first six months I may have had a profitable week. Technical trading is what I found to be the only way to keep making money. I was saying that from what I know.

[pablopluto]

Originally Posted by Chart Tech

No, it ALL didn't make sense to me. The part about 100% of traders lose money does. Is it not true you win some and lose some? Crap happens, as that poster said, but i wish they were more specific. The part about "governments" was kinda strange - I didn't go for that one. So I must not be totally hopeless, right?
So do you have a daily routine of sites and such to read before you begin trading? Thanks for answering.

The goverments is the central banks Soros didnt hit a bill from traders. Banks dont really like scalpers because its like they dont have a fair shot back at their money. Like winning a big poker hand and leaving.

[Andrewunknown]

Disagreeing with another's point of view is one thing, but referring to it as "useless", "babble", "crap" or "nonsensical garbage" is taking too much liberty. There are a few people that have emerged on this forum as individuals who are disdainful of just about every post expressing a thought that is not their own. I'm not agreeing or disagreeing with any single post; merely pointing out that language such as that used above is borderline abusive and is not in line with the spirit of this forum and is not constructive. Reported.