I have been trading FX about 1.5 month now, (paper). and to this point, I could not reach consistent profit, and ususally have strings of losses followed by a couple of wins if i get lucky.
I used to be confident in my "system" or "method" of trading. And now i know that price doesn't behave so very predictably like i thought it would be, and i have no idea what im doing when i put on a trade. Basically I use H4 and D1 charts mainly to find horizontal S&R, I buy on breakouts and at the meantime set my SL below a Support while i long. yet recently had a bunch of losing trades which leads me to doubt my system. for example, EUR/USD reached a strong support at 1.48 and whipsawed back and forth intraday like it was nothing.
Instead of investing my money to trade, I plan to invest all my capital into some form of education. I want to learn a system that i can make consistent money off of, and a system that is "universal" which works on any pairs. There are lots of good trading system on the forum and i don't know which one to get into.
I am still a candlestick fan, and wish to incorporate them into my trading. so far, I feel like i am at a cross road, having to chose either between PA systems (such as Stratss "long term stress free", J16 PA sytem, ) or Elliott Wave systems.
Any consistent winner in here that abide by either system of trading, or can make any recommendation on what i should learn?
I used to be confident in my "system" or "method" of trading. And now i know that price doesn't behave so very predictably like i thought it would be, and i have no idea what im doing when i put on a trade. Basically I use H4 and D1 charts mainly to find horizontal S&R, I buy on breakouts and at the meantime set my SL below a Support while i long. yet recently had a bunch of losing trades which leads me to doubt my system. for example, EUR/USD reached a strong support at 1.48 and whipsawed back and forth intraday like it was nothing.
Instead of investing my money to trade, I plan to invest all my capital into some form of education. I want to learn a system that i can make consistent money off of, and a system that is "universal" which works on any pairs. There are lots of good trading system on the forum and i don't know which one to get into.
I am still a candlestick fan, and wish to incorporate them into my trading. so far, I feel like i am at a cross road, having to chose either between PA systems (such as Stratss "long term stress free", J16 PA sytem, ) or Elliott Wave systems.
Any consistent winner in here that abide by either system of trading, or can make any recommendation on what i should learn?