The Authority’ on Price Action Trading. Forex trading jobs uk indeed 2016, Nial won the Million Dollar Trader Competition. When I get home about 15 minutes later, I will usually turn on CNBC forex trader jobs uk ac Bloomberg for a quick recap of what happened overnight in the markets.
I am not a big fan of the news, so unlike most, I do not waste my time reading the paper or visiting any news blogs. After breakfast I go into my office and chuck on the computer screens and my laptop. The first thing I do is get my pen and paper ready to take down some notes. This works out nicely for me because I can open my charts in the morning and go through the daily charts, and like I said, since I live in Australia the new Forex trading day begins at 8 am for me, which is 5 pm in New York. As I analyze my favorite markets, I will plot key chart levels, breakouts, or false breaks on my charts with lines. Market condition: is the market trending or consolidating? Where are the key horizontal support and resistance levels on the daily and weekly charts?
Are there any obvious price action setups? If so, do they have confluence of multiple supporting factors and agree with my trading plan? What is happening on the 4hr charts? Are there any obvious signals on the 4hr charts that agree with the daily trend? Typically, I will watch the AUDUSD and EURUSD, as those are the pairs I tend to trade most. I will also glance at the U. SPI index and plot some key levels and note any obvious price action on the charts.