How do you start your trading day?

Beginner Questions
1

Most of us traders wake up switch on the computers look at the charts analyze and place orders, don’t you think its the high time we added some pen and paper? i think we should have some sought of questionnaire to guide us in our trading,what do you think?

I do my regular things and afew hours before the news is release i check the long term trend to see what has happened and break down the charts to smaller timeframe to find out where the support and resistance is located.

2

Yap, I keep some notes before and while making a decision…

4

I start my trading with analyzing the new charts and trends of the day in the morning.

5

Starting the trading with London open …

  1. Coffee
  2. Look at Asian session moves
  3. Look at Frankfurt open continuing/changing Asian PA
  4. Look for Setups and triggers
  5. 2nd coffee :wink:
    …

josch

6

Before trading I meditate first and visualize the pips I want to gain in my trading, after that channel in positive vibes by listening to cool music. Then start looking for any moves in the European session, and drink coffee just to relax me…

7

chit chat with bank in HK, Singapore and find out what happened

8

Same with josch… First of all… Coffee! Then I start reading up on what happened in the previous trading sessions to get in sync with what’s happening in the markets and figure out what my currency biases are. After that, I look at charts to spot technical setups that line up with my biases.

10

Ok, everything starts from:

  1. Coffee
  2. News
  3. Analyze charts and trends
  4. Look European session moves

Something like this

11

1- All the weird morning rituals from bathroom to drinking warm stuff and standing on my head
2- Write reports,
3- Monitor market, trade position(s) / adjust stops
4- Write more reports
5- Monitor markets again and update any positions / stops

12

I start my trading day with market watch . I see charts of different trading pairs specially in which pair I am going to trade. After deep analysis i decide to open nay position. I use Sl to secure my amount from unexpected loss. In this way most of the time I am in profit.

13

Care to expand a bit more on this?

14

My forex day always begins with a cup of coffee slowly flowing into analyzing of charts and trends. Yahh and this is supported by chating with my traders-fellows, just it is better to survive in such a fluctuating environment being not alone:18: