Your urine being clear is GOOD SIGN. You want it to be clear, that means you are getting enough fluids in your body and it is ridding of all the toxins within. You cannot die from drinking the amount of water you are currently consuming.
A spike in LH and FSH (LH surge) causes ovulation, following a suppression of GnRH. Estrogen levels continue to rise following ovulation and the corpus luteum forms, which secretes progesterone in significant levels and causes decreases in LH and FSH levels.
The role hormones play. The menstrual cycle is controlled by the hormones oestrogen and progesterone. Oestrogen is produced by the ovaries and makes the lining of the uterus repair itself and grow again after menstruation. Progesterone is produced by the empty follicle in the ovary after the egg has been released. This hormone maintains the lining of the uterus during the second half of the menstrual cycle.