Hi Anna – please advise on my weekly (Saturday & Sunday) to do list . My daily (M – F) to do list at the beginning of my trading session – Regards
PS Can I possibly suggest an Anna Coulling “To Do Check List” for me and your faithful subscribers. Just an idea . . . my two pennath (for what it’s worth)
Hi – many thanks for your question which is one I am often asked, so here is my top ten list of things to do. These are the simple things I look at every morning before starting to trade (with one or two on a weekly basis)
- Overnight equity markets – Asia and Far East – price action and volume
- Bond markets – US in particular for bond prices and bond yields, and particularly the 10 year note which is a benchmark
- Yen currency pairs – again for risk and a good barometer of risk on/risk off is the AUD/JPY
- USD index – I use two here – the DXY and the FXCM/DOW which I find is more representative. The old DXY is too heavily euro weighted in my opinion and the FXCM/DOW index provides a more balanced view.
- Commodity indices, and primary commodities – particularly oil and gold and gas
- Fundamental news overnight and for the day ahead. Any news from China and Far East in particular
- Futures volumes on currencies, commodities and bonds and primary indices using volume price analysis
- COT report data at the weekend – here we are looking for changes in sentiment
- Volatility indicator from OANDA – this also has other instruments too and is a very quick and easy way to identify the volatility across the markets – which are moving and which are stagnant. It also displays the extent of price movements and in all timeframes.
- Daily charts for the overall technical picture. This is irrespective of what timeframe I am trading intraday. It provides the framework for the session and a mental picture of the longer term trend.
I hope the above helps to get you started, and thanks once again for an interesting question. All best wishes and wishing you every success with your trading. Kind regards Anna