Unfortunately for me from 17th of August i will be in Hungary as a Freshman for Medical School. Thinking about it now i realize that since my favorite pair is Eur/Usd and like to trade between ECT 0900-1400 and i’ll have lessons at those times, i will be having MASSIVE issues. A fight between my love of Forex Trading and University. :17:
Obviously right here there are people much older than me that have been to college and know the challenges. Any advice and support on how to keep up with the day trading on 1H charts?
I can’t stress enough how worried i feel for this.:51::51:
Might sound stupid but god knows where i’d be with forex (if i didn’t quit already) if it wasn’t for this AMAZING forum so thankful for helping me find out my hidden passion for investing. I always liked it but this forum made my passion shine.
H1 and Eur/Usd - so you have a bias before going to sleep, then check the Asian low and the Asian high when you awake, then just set an order for the mid level in agreement with your bias.
Hmm Asian Session opens at exactly Midnight and i’ll have to wake up at around 6 most probably so it won’t work out. It will disrupt all my work in progress so far.You’ll probably kill me for this but how about this? Checking the markets opening and analyze slowly in class then take a nice position in class and still manage to pay attention and be a “good” student? Sounds desperate i guess…
Nope, you are thinking in American, got to think in European.
Most those guys are just going to look at the Asian H/L, that’s all the time there is, bias already set (whole different spectrum and yet to be learned).
Imagine this: you have set your bias during the day, now you have the urge to be in the market.
So how to enter? - hr1 means that you are active, on the button, not willing to take big losses.
So think like those guys, set your order(s) in the same way, it takes little time.
In fairness, your dream is only starting, there may come a time where I may have a need for a brilliant trader or I may have a need for a brilliant doctor - my experience has taught that I much prefer to meet the latter.
I realize this might be sacrilege, but thought to throw the idea out there. Two possible solutions, one I don’t really consider as possible ( ), just don’t trade until a break from school, and then when you get totally done with it, hit trading hard again.
Or my real suggestion, switch trading styles, like a day to day, something you don’t have to sit there as much and watch like on the H1 charts. You can set up for trades on the day charts and you could possibly just use a day trading style temporarily.
Well i’ll try H4 but i love using Pivot Points. Also like my friend peterma said i will try during afternoon while also studying to analyze the final hours of the London session and New York Session, enter a trade at 12 o clock when the market opens and let it run until it reaches my expectations S/L or TP. Obviously this will help mostly on days where there won’t be any volatile news reports. Sounds fair enough? Well to me it sounds scary but “scary” to me also was initially entering a trade when i had little to none experience and knowledge. I suppose this will “force” me to break my “marriage” with Eur/Usd (yes i traded only this pair so far because i didn’t feel experienced enough) and get to see a different POV of the Markets? All in all, i didn’t plan to go live so every mistake counts towards learning and every success towards discipline and patience.
), just don’t trade until a break from school, and then when you get totally done with it, hit trading hard again.