PonTan Ecology
The day starts slowly at noon.
PonTan's day started a bit late.
When I wake up, the first thing I do is check economic programs and market news with a cup of coffee in hand.
We will summarize a rough market outlook in a notebook while looking at the day's notable currency pairs and economic indicators.
A little different from the morning rush, the routine that begins at noon also has a pace that is typical of PonTan.
Aiming for the European time wave
PonTan basically trades mainly in European time.
We will observe the market wave and look for entry opportunities based on price movements during the period when Londoners are entering the market in earnest.
As for the New York market, we will only lightly participate in the market when it moves.
One of my rules is to decide when not to do something.
Observation and Determination of Timing
PonTan is basically not the type of person who keeps staring at a chart.
Set alerts with a home-made tool, measuring the size and momentum of market waves.
When the sound is heard, check the chart and decide if you want to go with the flow at that moment.
The key is not to stick around and watch, but to "not miss" the flow.
I try to avoid unnecessary entries and react only to targeted moves.
Programming is part of the trade
Once you have today's outlook in mind, you are just in programming mode.
Writing code next to the charts is also part of PonTan's daily routine, whether it is creating tools that he wants to publish on his blog or improving the functionality of his own tools.
How to show the market and how to record it. All such innovations are part of trading.
When I need to concentrate, I quietly face the code with my favorite energy drink in hand.
Just the right distance between market price and living
As the European market winds down, PonTan leaves his computer for a time.
Before entering New York time, I went out to walk the dog and reset my mood.
To face the market, it is important not only to concentrate but also to take "moderate breaks.
We are conscious of such a balance, loosely linking trade and daily life.
New York time, from the dare reset.
The New York market is characterized by a dramatic change in the "face" of the market.
PonTan uses this timing to reset the market outlook once it has been in mind.
Basically, New York is a market where it is easy for the flow to gain momentum and a clear sense of direction.
If there is a move to counteract the flow of Londoners, that is where we see the opportunity.
Thinking mode in the bath at night
New York time is not an aggressive entry time for PonTan.
That is why I spend time soaking in my favorite bath while planning the program I will create the next day and organizing my ideas.
Of course, the market has not left completely, only the alerts have been set exactly.
If an opportunity presents itself, I enter only then. I am keeping in touch with the New York time with such a "relaxed style".
Self-observation in the name of a journal
What I felt that day, what worked and what didn't work.
Each night, PonTan keeps a "trade journal" at the end of the day, reflecting on the day.
We believe that the key to growth lies within ourselves, which is why we value this habit.
Ecology can be observed on social networking sites
I sometimes post on social networking sites on a whim about little things I notice while trading or how I feel at the time.
PonTan's ecology can be observed loosely in a corner of the Internet as well as in the logbook.
If you are interested in the real trial and error and growth process, please take a peek.
Summary of PonTan's trading style
✔ My pace rhythm starting at noon
✔ Mainly in Europe, "wait and see" in New York
✔ Alert-oriented entry decisions
✔ Thorough visualization and reflection with tools and logbooks
✔ Not overdoing it, but when I have to, I do it. That is my trading style.
FX Diary