What research do you do when not trading? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Trade what you see NOT what you expect 36,811 replies

If you haven't made it yet, what makes you think you will? 212 replies

Price's behavior [not price action] research 2 replies

How do you do your market research? 6 replies

What research do you do when not trading?

  • #1
  • First Post: Dec 21, 2006 6:32pm Dec 21, 2006 6:32pm
Well, after you are done trading for the day, what research do you do afterwords? Do you read bloomberg? See the analysts' opinion here, study the charts...? Links helpful if applicable. Just want to see how everyone keeps up to date...


Usually, I check over bloomberg economy news to see some headlines. I look at the chart to see where today is in relative to other recent days. Check the forum here.
  • #2
  • Dec 21, 2006 7:46pm Dec 21, 2006 7:46pm
Quoting Trader1580
Well, after you are done trading for the day, what research do you do afterwords? Do you read bloomberg? See the analysts' opinion here, study the charts...? Links helpful if applicable. Just want to see how everyone keeps up to date...


Usually, I check over bloomberg economy news to see some headlines. I look at the chart to see where today is in relative to other recent days. Check the forum here.
My Routine when not trading
1. Upate Trading Journal
2. Check Bloomberg, CNNMoney, fxStreet,
3. Check FF forums
4. Make plans for next trading day
5. monitor any trades still open
  • #3
  • Dec 21, 2006 8:18pm Dec 21, 2006 8:18pm
Quoting KudzuFX
My Routine when not trading
1. Upate Trading Journal
2. Check Bloomberg, CNNMoney, fxStreet,
3. Check FF forums
4. Make plans for next trading day
5. monitor any trades still open
yep, I also check fxstreet, but I get a vibe that most of the articles, etc... are trying to sell you something. When you say make plans for next trading day, can you elaborate on that? Do you mean anticipating the moves, and have a planned reactive strategy that "if this goes to this, I do this" approach?
  • #4
  • Dec 22, 2006 8:09am Dec 22, 2006 8:09am
I always like to go back and look over recent trades that have gone well, reinforcing your faith in your system.
Bob. "Hindsight trading is where it's at!"
  • #5
  • Dec 22, 2006 12:07pm Dec 22, 2006 12:07pm
Quoting Trader1580
yep, I also check fxstreet, but I get a vibe that most of the articles, etc... are trying to sell you something. When you say make plans for next trading day, can you elaborate on that? Do you mean anticipating the moves, and have a planned reactive strategy that "if this goes to this, I do this" approach?
I agree about fxstreet, but they do keep up to date on their news items.

As for making plans for the next day:
1) I first review what the news items will be for the pairs I want to trade.
Of course, on the weekends I always print out a list of news events for the week from a couple of sources.
2) I anticipate which news items have the potential to make a move and how much.
3) I anticipate which news items could have a combined effect.
4) I anticpate which news items could potentially cancel each other out (like today with Core Durable and Core PCE)
5) finally and most importantly, I tried to calculate where the next point of price exhaustion might be. These points make great entry spots. I am not much of a news trader, but know where the volatility will possibly be is important if you are looking for tension and release of tension in price movements. I am not so interested in direction as I am in exhaustion.

Merry Christmas!
  • #6
  • Dec 22, 2006 12:28pm Dec 22, 2006 12:28pm
Not to forget, the newspaper I'm still one of those guys who likes to read the black and grey. I really hope that newspapers don't all end up online!
  • #7
  • Dec 22, 2006 6:45pm Dec 22, 2006 6:45pm
Quoting KudzuFX
I agree about fxstreet, but they do keep up to date on their news items.

As for making plans for the next day:
1) I first review what the news items will be for the pairs I want to trade.
Of course, on the weekends I always print out a list of news events for the week from a couple of sources.
2) I anticipate which news items have the potential to make a move and how much.
3) I anticipate which news items could have a combined effect.
4) I anticpate which news items could potentially cancel each other out (like today with Core Durable and Core PCE)
5) finally and most importantly, I tried to calculate where the next point of price exhaustion might be. These points make great entry spots. I am not much of a news trader, but know where the volatility will possibly be is important if you are looking for tension and release of tension in price movements. I am not so interested in direction as I am in exhaustion.

Merry Christmas!
if you are looking for price exhaustion, are you looking to fade the move? Can you explain what "price exhaustion" is? I look for daily pivots, yesterday's high and low, and monthly fibo points (if they so happens appear on a day)
  • #8
  • Dec 22, 2006 7:17pm Dec 22, 2006 7:17pm
Backtest until I fall out of my chair.
The breaking of a wave cannot explain the whole sea.
  • #9
  • Dec 23, 2006 5:46pm Dec 23, 2006 5:46pm
Quoting Trader1580
if you are looking for price exhaustion, are you looking to fade the move? Can you explain what "price exhaustion" is? I look for daily pivots, yesterday's high and low, and monthly fibo points (if they so happens appear on a day)
I hope this is not too far off the topic of this thread, but price exhaustion is one of the basic characteristics of any market. It is like pulling a rubber band till it has tension in it. At some point the rubber band will have to release the tension unless held in that position artifically. Markets operate in a similar way in that every stock, currency pair, ETF, bond or whatever has stress points that are typical of that financial instrument. This is why it is important for the FX trader to be a master of one pair although he may trader others from time to time.

Merry Christmas!
  • #10
  • Dec 23, 2006 6:18pm Dec 23, 2006 6:18pm
If I'm DONE Trading for the day I usually like to research a new wine or food item or restaraunt or something like that.

Trading IS NOT curtailed to "Being In the Market." Trading is "Being the Market."
  • #11
  • Dec 24, 2006 1:19pm Dec 24, 2006 1:19pm
Quoting Bemac
If I'm DONE Trading for the day I usually like to research a new wine or food item or restaraunt or something like that.

Trading IS NOT curtailed to "Being In the Market." Trading is "Being the Market."
Well put The Economist is another favorite of my outside-of-Forex-leisure readings.

What about researching eggnog recipes?
  • #12
  • Dec 24, 2006 1:36pm Dec 24, 2006 1:36pm
Hello everyone,

Well, I live on the West coast (US), so I spend my evenings preparing for the following morning...read news, wave counts, S&R, trendline, fibo's, timing, et al. I get my chart all market up and go to bed. When I wake up (around 0300 PST), I look and see how the market has reacted..."where is it now," and compare it to where I thought it should be. If I have an opportunity for a trade I take it. When I'm done (usually around 0900 PST) that's it until the following evening. I try to spend the rest of my time doing other things - it took awhile, but I realized there's more to life than trading

Merry Christmas!
  • #13
  • Dec 24, 2006 2:18pm Dec 24, 2006 2:18pm
When Im not trading Im playing golf, basketball, and tennis. I also like to watch sports on TV as well. That is the extent of my research.
  • #14
  • Dec 25, 2006 6:55pm Dec 25, 2006 6:55pm
Quoting Hotshotfx
Hello everyone,

Well, I live on the West coast (US), so I spend my evenings preparing for the following morning...read news, wave counts, S&R, trendline, fibo's, timing, et al. I get my chart all market up and go to bed. When I wake up (around 0300 PST), I look and see how the market has reacted..."where is it now," and compare it to where I thought it should be. If I have an opportunity for a trade I take it. When I'm done (usually around 0900 PST) that's it until the following evening. I try to spend the rest of my time doing other things - it took awhile, but I realized there's more to life than trading

Merry Christmas!
Us west coast traders have the longest hours I trade the London session usually around 11pm to about 2am. and they NY session from about 5am to 9am.

Don't sleep much
  • #15
  • Dec 25, 2006 9:40pm Dec 25, 2006 9:40pm
Quoting forexCrAnIuM
Us west coast traders have the longest hours I trade the London session usually around 11pm to about 2am. and they NY session from about 5am to 9am.

Don't sleep much
yep, i'm in the U.S. also, and I only trade the U.S. session, though once I get better, I should look into the night runs
  • #16
  • Dec 26, 2006 3:26am Dec 26, 2006 3:26am
can someone recommended a good news website? i tried to find the exact news for GDP, CPI, Consumer Sentinent, Current Account Balance, Durabale goods order, etc etc.. but its seems not available on the internet
  • #17
  • Dec 26, 2006 3:41am Dec 26, 2006 3:41am
Quoting haha22
can someone recommended a good news website? i tried to find the exact news for GDP, CPI, Consumer Sentinent, Current Account Balance, Durabale goods order, etc etc.. but its seems not available on the internet
Fxstreet.com
Forexnews.com
Currencypro.com

Pretty much cover your needs, I guess..
  • #18
  • Dec 26, 2006 2:02pm Dec 26, 2006 2:02pm
Quoting Trader1580
yep, i'm in the U.S. also, and I only trade the U.S. session, though once I get better, I should look into the night runs
Not surprisingly this has the highest burn out rate But at least its dead enough right now - no trades, gives me the rest I need. Let me know if you have any questions about trading during those hours.
  • #19
  • Dec 26, 2006 9:03pm Dec 26, 2006 9:03pm
Quoting forexCrAnIuM
Not surprisingly this has the highest burn out rate But at least its dead enough right now - no trades, gives me the rest I need. Let me know if you have any questions about trading during those hours.
sure thing once i ventured into that. Trading the peak hours has the highest burn out rate? Did not know that.
  • #20
  • Last Post: Dec 27, 2006 3:51pm Dec 27, 2006 3:51pm
Quoting Trader1580
sure thing once i ventured into that. Trading the peak hours has the highest burn out rate? Did not know that.
At least that is my opinion. Would be interesting to do some survey's on this. I figure that the people that quit are the "beginners", who jump into this stuff too fast. But then there are also a lot of people who simply can't trade during those hours...jobs, family...etc.
0 traders viewing now