Hi everyone,
I have been trading for approximately 6 months now and have been breaking even.
I believed that my approach to trading was methodical and took into account a good measure of technical and fundamental analysis. But clearly this is not the best recipe for sustained success.
I was hoping that I could get your opinion on my routine, help me figure out where I have been going wrong.
My trading routine starts daily at 6h30am GMT:
- I will check the news for any events that have happened overnight
- I will check the economic calendar for any upcoming news releases
- Based on the upcoming news releases I will look at currency strength graphs (usually over a week) and decide which pairs I want to trade (trade the stronger currency against the weakest)
- I will then look at 4hr graphs of the currency pairs where I use Ichimoku and fibonnacci retracements to time entry and place stops
- I then follow my trades on my phone throughout the day as I cannot access an online platform
- When I come home I will check my positions and any other new
I think this makes sense but I will be more than happy to have your feedback and insight.
Please feel free to share your routine too :).
Cheers,
Blue