Stress free New York session: avoiding econ news trades

It is often said that patience is the hardest thing to master for traders, but it is truly your ace in the hole to wait for the right entry and then wait some more for your profit target to be reached.  As I have mentioned, I am an intraday forex trader:  I get up around 06:30am New York time to start my trading day.  I am rarely in overnight trades.  I decided early in my trading career that patience was hard for me, so the quicker intraday trades made more sense for my style.  But the noise associated with the smaller time frames of intraday trading, especially around economic news releases can be stressful and easier to make mistakes.  My favorite days to trade the New York session are when there is little or no economic news releases scheduled.  When there is no news to move the market, then the market looks more to the overall technical bias for its direction.  Mondays are typically non econ release days, and since it is the start of the week, it is a good bet that the previous week’s bias will continue on a Monday.  On average there are two days during any given week that will not contain economic news during  the New York session.  I can usually pick off about 50 pips on each of those days on the GBPJPY trading the prevailing trend.  If you can have the patience to not trade unless it is a non news day, averaging 100 pips per week ain’t bad.  I went back and reviewed my non news day trades for the past 3 months and I have shown 94% profitable trades just on those.  Remember, this thing of forex trading is not a sprint, but a marathon of patience and emotion-free execution of your strategy.  Taking some stress out of the mix could certainly help to keep you on track and avoid the noise of the news.  Good trading!