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Poll: When do Forex Traders (YOU) wake up?

  • #21
  • May 10, 2011 1:45pm May 10, 2011 1:45pm
Quoting calderone
Ditto!

I still get up at 8 a.m. so I can run errands etc.
Same here! My mornings are too usually filled with errands and low impact workout.
  • #22
  • May 10, 2011 1:50pm May 10, 2011 1:50pm
Quoting Jhig
Same here! My mornings are too usually filled with errands and low impact workout.
Yeah, I like to do some low rep weight lifting (my joints are paying me back from all the bodybuilding crap)and a lot of walking with the wife to keep fit. We have some weight vests we wear when we walk, we look silly but if hiking can keep the military in shape-it's good enough for me.
  • #23
  • May 10, 2011 6:03pm May 10, 2011 6:03pm
Nice to see your discipline.


Forex Success = Discipline + Patience





Quoting Jhig
I'm an End of Day trader. My trading day starts at the end of NY session.

I spend no more than 10 minutes going over the market and placing stop/limit order in anticipation of what may occur during the next 24 hours.

From there, close my trading platform and charting app, resume my life of rest and relaxation.

Rinse and repeat until Friday .... I usually don't trade Fridays.
Trade what you see, Not what you think.
  • #24
  • May 10, 2011 6:45pm May 10, 2011 6:45pm

Yes you are right.

Success = Discipline + Patience

Without discipline in trading and in our life we can not achieve Goals.

Personal life also matter your trading skills, if your daily life disturb than it's difficult to take nice decisions.

I believe in Forex (as my experience) opportunities always in corner, depends on your ability to find out. Trading timing role is important, but not necessary.

we can see the post of JHIG post, he stated he trade after new york closing.

Now back on thread! my poll only to know when forex trader wake up? not when they start trading.

(its General discussion for all, not only you)


Happy Trading.




Quoting XTrade
I depends on how abreast you want to be of the overnight trade happenings,
news results, and news coming for the day.

So FX NY session starts at 8:00 am - one might wake up anywhere from 5 to 7.

However, market doesn't start moving sometimes until stocks open in US at 930 AM EST.

Now on the other hand sometimes market has blown it's whole load between 8 and 10 am and you can stop trading for day.

Also depends on what type of trader you are .

Long term position traders may only look at charts once a day for an hour or so.

If your targets...
Trade what you see, Not what you think.
  • #25
  • May 10, 2011 7:08pm May 10, 2011 7:08pm
Quoting Jhig
I'm an End of Day trader. My trading day starts at the end of NY session.

I spend no more than 10 minutes going over the market and placing stop/limit order in anticipation of what may occur during the next 24 hours.

From there, close my trading platform and charting app, resume my life of rest and relaxation.

Rinse and repeat until Friday .... I usually don't trade Fridays.

Same here. I get up at 7:30 or so, but that's just to go to work. After I come home, I just open up Oanda, work for about 20 minutes with a spreadsheet, make adjustments to my open orders, and I'm done until the next day.
  • #26
  • May 10, 2011 7:27pm May 10, 2011 7:27pm
Usually I wake up about 8am. However, according to my system I might need to wake just before 5am to enter a trade. Fortunately those early mornings are very rare. Having said that though, about a month ago I had to wake up 3 mornings in a row at that time . And to rub salt into the wound, I didn't even have the opportunity to enter a single trade!
  • #27
  • May 11, 2011 12:15am May 11, 2011 12:15am
Quoting Betting
Usually I wake up about 8am. However, according to my system I might need to wake just before 5am to enter a trade. Fortunately those early mornings are very rare. Having said that though, about a month ago I had to wake up 3 mornings in a row at that time . And to rub salt into the wound, I didn't even have the opportunity to enter a single trade!
Sounds horrible. I usually wake up at 7 am. And love to sleep a lot on weekends!!!
  • #28
  • May 11, 2011 12:54am May 11, 2011 12:54am
Yes right! in weekends sleep more than other days.



Quoting josef
Sounds horrible. I usually wake up at 7 am. And love to sleep a lot on weekends!!!
Trade what you see, Not what you think.
  • #29
  • May 11, 2011 1:38am May 11, 2011 1:38am
Quoting khizer
I want to make a Poll regarding wake up in morning. In the beginning I found that those traders wake up early, they can trade better.
I think your poll is a bit useless. Everybody lives in a different time-zone. You would have to adjust your poll to a specific time-zone like gmt.
Or you just ask how many hours before london session you wake up or whatever. But just letting vote people on when they get up without including a time-zone as a reference point is completely meaningless.
  • #30
  • May 11, 2011 2:11am May 11, 2011 2:11am

There is no another point of view that, Forex trader needed mind power/ concentration power. Successful Forex trader need power full "mind power" for solving problems or taking better decision on time.

And whom wake up early there mind is at its clearest and most well-suited to focus or enter any trade.

Pleas read bellow post and click on Jim Citrin article to get more insight on how valuable morning time can be.

It's just an effort to help our fellows to be discipline there life for success, and use all available resources.




Quoting khizer
Jim Citrin wrote: "The quiet of the morning is often the time when your mind is at its clearest and most well-suited to solving important problems". Read his article Tapping the Power of Your Morning Routine to get more insight on how valuable morning time can be. In the same article Jim reports that 80% of executives he questioned wake up at 5:30am or earlier. I believe it's what made them executives, though I know few occasions when it worked in the opposite way.


Quoting Custos
I think your poll is a bit useless. Everybody lives in a different time-zone. You would have to adjust your poll to a specific time-zone like gmt.
Or you just ask how many hours before london session you wake up or whatever. But just letting vote people on when they get up without including a time-zone as a reference point is completely meaningless.
Trade what you see, Not what you think.
  • #31
  • May 11, 2011 11:17am May 11, 2011 11:17am
Quoting Custos
I think your poll is a bit useless. Everybody lives in a different time-zone. You would have to adjust your poll to a specific time-zone like gmt.
Or you just ask how many hours before london session you wake up or whatever. But just letting vote people on when they get up without including a time-zone as a reference point is completely meaningless.
I think you missed the point of the poll. It's about how sleep patterns in one's local environment affect concentration, etc. It has nothing to do with market hours. I think the OP is trying to figure out things like whether or not "morning people" or "night people" are more successful, etc.
  • #32
  • May 11, 2011 11:20am May 11, 2011 11:20am
I think it's cool that the results graph shows a classic normal distribution (bell curve) shape, even with only a few dozen responses. :nerd:
  • #33
  • Last Post: May 11, 2011 1:06pm May 11, 2011 1:06pm
Quoting capitalist88
I think you missed the point of the poll. It's about how sleep patterns in one's local environment affect concentration, etc. It has nothing to do with market hours. I think the OP is trying to figure out things like whether or not "morning people" or "night people" are more successful, etc.
okay sorry. yes, I also think I missed the point of the poll. Sorry for my misinterpretation.
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