My trading day "NSAWORK"
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Thread: My trading day "NSAWORK"

  1. #1
    Registered user nsawork's Avatar
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    Smile My trading day "NSAWORK"

    I am thankful to the Administrator and the Moderators of the Forum for bringing a good contest in the Christmas and New Year Holidays

    As i am in the Business of Forex trading since 2010 and i learned a lot with the help of Forums and my trading success is only attributed to my participation in the Forex forums.

    I am late in the contest as i was out for Holidays after earning a good income in my trading in these months. But with just only 3 days left i will try to put in all the requirements of the contest.

    At First i will give my own Photos with the RoboForex Forum Profile of my PC and Laptops.

    My Own Photos in Front of Working Place

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    Last edited by nsawork; 12-23-2015 at 12:25 AM.

  2. #2
    Registered user nsawork's Avatar
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    Photos of my Work Place

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    I have a Dell Laptop, PC and a Sony Touchscreen laptop in my workplace.

    With Long working hours i have fitted LED lights and a UPS Power backup for 24hrs.

    I am using 2 Broadband Unlimited connections of 2Mbps and 5 Mbps.

    - - - Updated - - -

    Start of the Trading Day

    I will wake up at around 7 am in the morning and at that time Asian markets have just opened up.

    So i will take a look at the moves in the Major currency pairs in the Asian trading session.

    The main Currency Pairs i will follow are:

    1. EURUSD

    2. GBPUSD

    3. USDJPY

    4. AUDUSD

    5. NZDUSD

    6. GBPJPY

    7. EURJPY

    8. USDCAD

    Activity in the Asian Trading session

    I am a Fundamental trader and i trade the Big news release along with Price Action and Naked Charts based trading.

    In the Asian session if their is some news then i will plan for my trade or else i will wait for the London and the New York sessions to trade.

    - - - Updated - - -

    Watching News on BloomBerg

    The most comprehensive coverage on the Forex markets is given by the BloomBerg TV so i will watch it Live Streaming from the US and UK locations for coverage on the Global News and Events that will have an effect on the Forex markets.

    Breakfast is done along with Watching News and also i read English National and Financial Newspaper :)

    After that i will start my Trading Day which will be with looking at the Economic Calendar.

    I am Following the Economic Calendar of DAILYFX for years now...

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    Last edited by nsawork; 12-23-2015 at 01:19 AM.

  3. #3
    Registered user nsawork's Avatar
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    Reading Analytical Reports at Action Forex

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    - - - Updated - - -

    Time Spent on Reading News and Understanding the Markets

    News trading involves a lot of effort as i have to track and read the data and understand what it will mean so it takes around 3 to 4 hours of my time.

    At around 2pm i will Analyze the moves in the London markets, if their is any trading to be done.

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    Now is the time to go for Lunch and Relax for 2 to 3 hrs.

    At 5pm before the opening of the New York Trading session i will look for any trading opportunity.

    In 1 week i will do trading selectively in just 2 currency pairs and around 3 to 5 trades only.

    Sometimes the trading is not done due to lack of news or Low volatility in the markets.

    If their is a trade i will have to Monitor the markets for up to 11pm in the night till the trade gets closed in Profits.

    If their is no trade then i am free for the rest of the day

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    Last edited by nsawork; 12-23-2015 at 01:37 AM.

  4. #4
    Super Moderator Gamer's Avatar
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    Wow , That is called creativity and the right information to be shown , awesome work place

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  5. #5
    Registered user nsawork's Avatar
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    Quote Originally Posted by Gamer View Post
    Wow , That is called creativity and the right information to be shown , awesome work place
    Thank you for the Encouragement and Support

    - - - Updated - - -

    Biggest Trade of the Month - 3rd Dec 2015

    ECB Rate Decision and Press Conference

    I was waiting for this trade from 1 week ahead so i was knowing the positioning of the markets and thus i knew that after the news of ECB Rate Decision and Press conference the EURUSD will climb up.

    But how much was not known to me.

    I expected around 120 pips Up wards movement so i made 2 BUY orders of 0.1 Standard Lots @ 1$ per PIP

    The Fundamental Reports at Action Forex a day after gave the clear picture to me.

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    The Profits

    I made 242 Pips in 1 order so total Profits for the day was = 484$

    This is the biggest Intraday gain for me in this year

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    Last edited by nsawork; 12-23-2015 at 03:26 PM.

  6. #6
    Super Moderator Gamer's Avatar
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    just loving the way you're posting the content , you made real good profit , so now your vacations gonna be a real good one.

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  7. #7
    Registered user nsawork's Avatar
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    Quote Originally Posted by Gamer View Post
    just loving the way you're posting the content , you made real good profit , so now your vacations gonna be a real good one.
    Thank you

    Lessons learned from Non Farm Payrolls Movements

    I am trading NFP since 4 years and have got used to the pattern it takes according to the news in the Final results.

    In NFP the market will make moves in both the sides most of the times going both UP as well as DOWN.

    So those traders who are BUY with a Stop loss will get their orders closed in a Loss

    And those traders who are SELL with a Stop loss will get their orders closed in a Loss


    So what to do?

    I decided to go for Pending Orders according to the Analyst predictions.

    So if your analysis says that EURUSD will fall then place a Pending order for SELL around 40 pips above the current market level at-least 1 hrs prior to the release.

    And if your analysis says that EURUSD will rise then place a Pending BUY order around 40 pips below the current market level at-least 1hrs prior to the release.

    At the end if your analysis was correct you will make Profits

    If the order does not get hit you are out with a Zero Loss

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  8. #8
    Registered user nsawork's Avatar
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    Enjoyment and Relaxation during Trading Day

    It is very important for us to Relax and Enjoy so that our minds are free and we can stand the long timings that are required in the business of Forex trading going from a 12 hrs trading day to even 18 to 20 hrs

    22 Inch LG LED TV with 132 Channels

    I will watch TV for news and Entertainment and Movies, Music

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    Master Air Conditioned Bedroom in the Work Place

    To take rest and sleep good so that i am ready for the next Trading day.

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    Master Bathroom with Shower and Bath Tub

    To enjoy in water and fresh up my mind

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  9. #9
    Trader fffxxx's Avatar
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    Good workplace you have .. i have never seen such a work place earlier. :)

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  10. #10
    Super Moderator Gamer's Avatar
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    Quote Originally Posted by fffxxx View Post
    Good workplace you have .. i have never seen such a work place earlier. :)
    so why not share your story with us

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