Where are you spending your Forex time? | Forex Factory

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Where are you spending your Forex time?

  • Poll

  • Most of my forex time goes into....
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  • #1
  • First Post: Jun 22, 2008 8:20pm Jun 22, 2008 8:20pm
We only have X number of hours a day to dedicate to this endeavor...

Time management is important.... are you heading into brick walls that waste your time, or being effective with your efforts?
  • #2
  • Jun 22, 2008 8:37pm Jun 22, 2008 8:37pm
since I have everything set up to send a text message to my cell phone, trading forex doesn't take much of my time anymore. I simply wait for an alert, go check the charts, make my decision and move on. Since I like the 60 min and longer timeframes the number of alerts I get per week is low. For example, last week on GBPJPY I had 4 alerts.
  • #3
  • Jun 22, 2008 8:40pm Jun 22, 2008 8:40pm
cool.... thx

Quoting magnumfreak
since I have everything set up to send a text message to my cell phone, trading forex doesn't take much of my time anymore. I simply wait for an alert, go check the charts, make my decision and move on. Since I like the 60 min and longer timeframes the number of alerts I get per week is low. For example, last week on GBPJPY I had 4 alerts.
  • #4
  • Jun 22, 2008 8:54pm Jun 22, 2008 8:54pm
My charts, like Zoopy's, are saved into my system so I don't really ever have to waste time setting them up. My time while trading forex is spent waiting- just like most of the group here. I don't really trade lower timeframes much anymore except for dibs so while I'm waiting for setups, I'm usually doing anything from hanging out with my girlfriend to playing hockey to fishing. It's whatever man. From 1-9 AM, I trade DIBS now so I watch movies a lot at that time or read (kinda like quiet time- it's nice), then I sleep in between. As for research, I normally set aside time, a few hours while I'm trading, every day to keep up with everything.
I dream, therefore I become.
  • #5
  • Jun 22, 2008 10:27pm Jun 22, 2008 10:27pm
Yep agreed mike, most of the time I'm waiting for the price to come to me.
  • #6
  • Jun 22, 2008 11:32pm Jun 22, 2008 11:32pm
Since I only trade the daily TF I spend about 10 minutes a day then I'm off to do whatever..........
I usually spend a bit of time here at the factory too
Same Whore .... Different Dress
  • #7
  • Jun 22, 2008 11:46pm Jun 22, 2008 11:46pm
Mostly waiting for opportunity. Wait for the price. But on sunday and monday. Mozly drawing trendlines, fibo, and finding all clue in my daily TF to find the major trend.

then every morning will try to open an empty chart, then have a clear picture and draw ddraw some trendline. Love to draw. Currently wish can learn elliot wave and draw. I'm going to be architect soon
  • #8
  • Jun 23, 2008 1:14am Jun 23, 2008 1:14am
well, i play super Mario world 3

Really, i only draw the charts, check fundamentals, do other work also.
  • #9
  • Jun 23, 2008 5:03am Jun 23, 2008 5:03am
Hi there,

That is obviously one of the biggest problems, depending on where you are in the world, which system or timezone to trade inbetween your daily commitments. I am in the UK but that doesn't mean I can take advantage of the London or even NY Opening due to work commitements.

So have to adjust strategy accordingly. I would spend about 10/15 mins before moving on to something else.

K
{Promotion Removed}
  • #10
  • Jun 23, 2008 5:11am Jun 23, 2008 5:11am
Hmm... Where's the option for trading ?
On the path to Enrichment.
  • #11
  • Jun 23, 2008 5:13am Jun 23, 2008 5:13am
Play PSP
Trade what you see, not what you think.
  • #12
  • Jun 23, 2008 6:46am Jun 23, 2008 6:46am
Making EAs. And hedges with EAs, instead of just pairs.

Regards ,

Marcelo Marques
  • #13
  • Jun 23, 2008 9:34am Jun 23, 2008 9:34am
  •  Dec1pher
  • | Joined Oct 2007 | Status: Deciphering the markets in realtime | 7 Posts
I spend most of my time praying to the forex gods!
I also spend a little time each day reading about trading, researching new trading strategies and scouring the interwebs for new resources. Sometimes I can squeeze in a game of BF1942 while waiting for a setup.
  • #14
  • Jun 23, 2008 10:38am Jun 23, 2008 10:38am
I take my 3 year old son to the pool and mall. He loves both of them. I love him. It's simple.
  • #15
  • Jun 23, 2008 11:10am Jun 23, 2008 11:10am
Quoting khalid
Hi there,

That is obviously one of the biggest problems, depending on where you are in the world, which system or timezone to trade inbetween your daily commitments. I am in the UK but that doesn't mean I can take advantage of the London or even NY Opening due to work commitements.

So have to adjust strategy accordingly. I would spend about 10/15 mins before moving on to something else.

K
Member since 2005 and this is your first post

what an honor for the thread starter
  • #16
  • Jun 23, 2008 7:02pm Jun 23, 2008 7:02pm
i pretty much like to trade during my forex time. i've found out that this gets me the most money (when compared to researching EAs, setting up charts, talking on this forum, etc.)
  • #17
  • Jun 24, 2008 11:08pm Jun 24, 2008 11:08pm
i'm not actively trading right now, but here's my breakdown:

25% researching, reading the forums
50% writing EA and testing
25% live trading
  • #18
  • Jun 24, 2008 11:48pm Jun 24, 2008 11:48pm
agree with karmo , ps2 for me , on serious note , most the time ill be managing my positions ... theres not much to set , not much to research and i dont use EA ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #19
  • Jun 25, 2008 6:55pm Jun 25, 2008 6:55pm
Setup chart...wait for my alert, watch my trade and play my xbox when i have a good trading day. Sometimes i watch movies or read/research the forums.
  • #20
  • Jun 25, 2008 7:00pm Jun 25, 2008 7:00pm
A perfect reef break to surf outside my beach hut on a remote island in Indonesia. My dog barks when there's a trade set up. My girlfriend runs the bar.
Money & Pain Respect the market, protect your capital, be patient
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