I've found that this prayer exercise increases my awareness of God's presence in my daily life, and helps me to see his guidance. I would not hesitate to recommend this to anyone longing to "hear" God in your daily experiences.
There's a link (Bible Study/links page) to a site featuring the Examen, the Ignatian prayer. I encourage you to check it out for yourself, it has You Tube links, some audio links, as well as articles describing the exercise.