morning routine

6:30am
1) Review overnight moves.
2) Review overnight news in all markets to form trading ideas for today, eg. Ris
k-off. (Listen to TalkingFX)
6:45am
3) update h1 or d1 levels on all charts. Place levels at end of trends (reversal
s) - avoid placing in middle of congestion areas.
Add D1 fibs from D1 swing points.
4) pick out d1 charts with price near level
5) pick out d1 charts from 4) with d1 bias candle patterns
6) change to h1 and mark out expectations for potential trade on charts
7) pick out h1 charts (not from those in step 6 with d1 bias)) with price near l
evel
8) Mark up key levels to do business at today (update from last night).
Mark out expectations and a plan for potential trade on charts for:
a) SFPs
b) RRTs
Check swing-outs are >= 1xD1ATR20 for H1 SFPs and >= 3xD1ATR20 for D1 SFPs.
7:00am
Begin trading
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a)
SEE HOW PRICE REACTS AROUND LEVELS (S/R, ROUND NUMBERS, LIQUIDITY AREAS) BEFORE
AND AFTER REACHING THEM.
Is a level more likely to break or hold if price accelerates rather than drifts
into it?
b)
SEE HOW PRICE REACTS AROUND NEWS RELEASES, 10-30 MINUTES BEFORE AND 30 MINUTES A
FTER.
Was the news better or worse than expected? How did the market react TO IT?
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11:00
Markets slow down
13:00
Markets pick up again
17:00
Finish trading. Also avoid overnight trades when asleep. Review in spreadsheet t
rades taken.
22:00
Check D1 closes (daily bias for next day) and place any limit orders for overnig
ht Asian session RRT trades with clear swing-outs.
Place vertical line on chosen d1 and h1 charts to mark out today's key risk even
ts and significant economic releases.
Look for major economic releases for the rest of the week that could affect pric
e now, eg. FOMC, NFP.
Mark up key levels to do business at tomorrow.