Two common questions I get asked are; what does my daily routine consist of and do I sit at the computer screen all day long. Forex give you guys an insight into what a typical trading day really looks like and answer these questions and am going to give you a run through my routine. Right at the this point of the year it is the earliest I have to wake up to make the New York close for the daily candle close. A major part of my trading is made up of trading the daily charts and this involves trading the New York close daily candles. The closing time for these for me at the moment is I live in Australia and travel each week in between South Australia and Victoria which has a difference in time zones of half an hour. Because of daylight savings setting around the world the New York close settings change throughout the year, so whilst at the moment I have to get up for the close at at one point in the year the New York close gets out to as late as I like to be fully charged before going into my office and going to my charts. Some people just do not forex their trading the respect it deserves. They treat it is as though it is all a bit of a joke or as if it is all just going to happen for them and, then wonder why it is not coming together. I try not to leave anything to chance. I make sure I am fully awake and alert before switching any computers on. I am already on my computers and checking my charts by at least. I need to be because if I spot a setup that I want to play on the daily charts I will need to be able to work out the orders and have them ready to go by the time comes around the market closes. As soon as the market closes I can then place the entry orders. If the market, then shoots of I will have my entry orders placed in the market. After I have placed any trades, there is still a lot to do. First, I must as a priority place stop orders and first targets on the trades I have placed. Then, I go through the market taking notes. I keep these notes on my computer in a diary and they are like my own running market commentary. They type of notes that I am writing down are thing such as. I only have two support and resistance levels on each of my charts as explained in my tutorial that the link can be forex below. After marking my kills and flips, I also mark my general support and resistance levels. At each New York close most of these support and resistance levels are still valid. I do not need to go through each chart and change each level, I just need to reassess and see what levels price has held and which levels price has burst through. At the New York close I go through each chart and I assess if price has held a level or if price had moved through one of my levels. If price has moved through a level I will delete it and put a new one up or look for a new kill, flip or support or resistance level. If you are not sure how to mark price flips or kill zones please read here: You can read how to mark support and resistance correctly HERE. This is when I normally jump in the members Forum and reply to members who normally have questions. This is the time in the morning when the Asian session is roaring. During the Asian session it is very rare that I will watch my charts and I highly encourage others to do the same. The Asian session is very slow and boring and for the trading I do on the higher time frames it is not what I need. This is not the Asian session and so I prefer to do other things during the Asian session and this is my down time and it is rare that I will do any trading or even watch my charts during this time. This is when I pick my son up from school and now this is mine and his time. From until after dinner I spend this time with him having dinner and going through the night routine and also having some fun. I will then get him ready for bed and by the time comes around we have had out dinner and I am ready to flick the charts back on and see what is happening with the open of the UK session. The open of the UK session is when the market starts to heat up and the volatility begins to spike after the quieter period of the Asian session. The UK are the biggest Forex traders in the world and move through the biggest amounts of money through the markets every day and this creates the large volatility that I need to make my trades. The first 4hr candle I am looking at for price action setups closes at The UK market has been trading for 2hrs by the time this 4hr price action candle closes. I am going through my charts and looking mainly for if price has moved into my key levels or kill zones. If price has moved into these zones it is, then that I will check for price action setups. I will check for price action setups first on the 4hr time frame, the 8hr time frame and possibly on the 12hr and depending on what the level and setup smaller time frames such as 1hr and 2hr charts. This is the optimum time for price action traders. This is when the UK and US markets are overlapping and the two biggest Forex countries are both open for trade and are trading. To put it basically; The big guys are awake and the Forex market is rocking! This is the best time to be traders because the big guys are pushing their money in the market which makes the market move and the market moving is what we need to make money. If the market does not move, then we cannot make money. This is when I will firstly check any trades I am in and adjust any stops and or targets. I will move any trades to break even accordingly to what my plan says to do and then set about hunting for new setups. I will then run through the same routine as the routine to look for price action setups. I will move through my charts one by one and looking to see if price has moved to any of my key levels of kill zones. If price has moved through a support or resistance level, then I will remark that level with a new support or resistance level. If price has moved into a key level or a kill zone it is, then I will begin the hunt for a price action setup. This routine is something I have been using for many years. Because of this I make sure I am refreshed and ready to trade traders the UK and US markets are open and have my down time when the market has its quite time during the Asian session. Early on in my career I did not have a routine and just tried to go with the flow and I was quick to find out that this it is simply not sustainable. Having a set routine keeps everything in check and flowing like a well-oiled machine. It now takes me literally 30 minutes to 1hr each day to carry out my trading at the most. I am not sitting at a computer and staring at charts all day long and wasting my life in front of a computer screen. I like most people came to Forex for two main reasons and that was for money and the lifestyle and I think people quickly lose sight of this and fall into the trap of thinking they need to sit and stare and charts all day long and to be honest they do it for no reason! Spending more time in front of charts is not making then any more money. I really hope you have enjoyed this insight into how I go about my trading day traders hope it can inspire you in your trading. I also hope it can show you that you do not have to sit at your computer screen all day to make money trading. There is simply no need to sit at your computer staring at your screen all day long. The best traders stalk their trades and then they either pull the trigger or they walk away, they do not sit and stare all day getting headaches! If you want to learn more about how I trade and how I can help you become a better and more confident and trader, check out my Forex trading course page here. Johnathon Fox is a professional Forex and Futures trader who also acts as a mentor and coach to thousands of aspiring traders from countries right around the world. Johnathon specialises in helping traders reach their full trading potential by helping them master the art of price action trading and correct money management techniques. I have only recently just changed from sitting at the computer all the time to the higher time frames and it is making a huge difference. Thanks foe your guidance. Nice job Vahitch, the best switch you could have made. Now you have more time and can concentrate on quality. Thanks Jon, another great article. So happy I have joined up to your membership as it everything I expected and more. Keep up the good work. Heya Sarah, glad your enjoying it and it is helping your trading. Let me know if you need anything else or I can help you with anything. I learned about you on youtube while looking for a Forex MA Crossover video. This is the best forex article I have come across on the forex sites that Daily have visited. This will help me improve the way I handle my daily trading……. You are a great teacher Johnathon. And this is a great article. I have followed a thread by you about PA and converted to your strategi. I will continur to work With the PA Your way daily hopefully improve during this year. What is your advice on this? Read this article here: I would like to join your Club, why, because I get a gut feeling that I can trust you and the Price Action System, also, I need to have a team around me where I can exchange thoughts, ideas etc… Can you help me? To daily your question for you; if you are looking for a community, then we have a forum of like minded price action traders who are all trading the same method with the same rules all hunting the same trade setups and all trying to help each other with the same end goal in mind. We just look to avoid trading during the quieter periods of the Asian session. Half way down the page its asking me to enter my details to become a vip member too access premium content. The problem is that as you will see now that you are a member; in the members area; everything in there runs under the one members area software which means everything runs smoothly and nice. The problem is now that on the public side of things we are looking to do things that are not matching up and integrating. Notify me of followup comments via e-mail. You can also subscribe without commenting. Arial, Helvetica, sans-serif; text-decoration: March 10th, by Johnathon Fox. About Johnathon Fox Johnathon Fox is a professional Forex and Futures trader who also acts as a mentor and coach to thousands of aspiring traders from countries right around the world. Thanks Johnathon for this one. Interesting look at how you go through your trading. Hello Jason, Read this article here: Hi Vincenzo, thanks for your comment and really happy your are finding value and putting it to use in your trading with our content. If you have any other questions or need anything else just let me know, Johnathon. Hi John Just to clarify. Hi Farridin, awesome to hear from you. I know what you are talking about and we are doing things about this and lots of things. Cancel reply Login with your Social ID.
Day Trader Documentary - A day in the life of a multimillionaire forex trader
Day Trader Documentary - A day in the life of a multimillionaire forex trader
Guide Review - Dear John by Nicholas Sparks - Book Review Dear John starts in the present day with John watching Savannah from afar and thinking about how much he loves her and why their relationship dissolved.
I then introduce the use of NMR measurements, such as chemical shifts and scalar couplings, for the evaluation of molecular dynamics force field quality.
Guide Review - Dear John by Nicholas Sparks - Book Review Dear John starts in the present day with John watching Savannah from afar and thinking about how much he loves her and why their relationship dissolved.
The second role, Captain Wilm Hosenfeld, is played by Thomas Kretschmann.
I then introduce the use of NMR measurements, such as chemical shifts and scalar couplings, for the evaluation of molecular dynamics force field quality.
One variation was granted to permit retention of an employee whose appointment did not meet the requirements of the authority used.