I'm mainly asking this of the people of who have developed a system - and probably one they are not sharing - that has worked well for them, preferably over considerable amount of time. Basically a well understood, consistent winner that has become their "bread and butter".
I'm new to Forex and have been spending countless hours going through charts, finding patterns, using different indicators in a seemingly infinite amount of combinations, just trying to figure out which way to go. I've had moments when I think I have something (I actually once had something I was convinced seemed right 90% of the time when I finally went to sleep only to wake up and not be able to find what I'd seen the night before) only to later decide it wasn't going to be able to stand on it's own. By the time I've added a few elements trying to define rules for the strategy to increase consistency, the original method may have been lost or changed, leaving me with the question of trying to decide what's valid and what's not.
I don't think this is something that you just research for a few months and come up with, but I can't help but feel a little overwhelmed at times wondering 'what's next'. I worry that I may have even found a workable plan only to have given up on it too soon. I know a lot of the indicators aren't necessarily valid and probably a waste of most people's time, but they are useful to me at this stage in giving me different persepectives in what to search for.
I worry that I may be seeing patterns that don't exist and wasting a lot of my time on pursuits that could be potentially diverting my attention from realizing profit right now. If I were able to at least support myself through trading, then it's easy to devote yourself to developing or honing your system.
Basically I just want to know how long it took you have been able to support yourself through your method to come up with it. Did you use a well planned, written approach as determining your exact method as opposed to what I've been doing - basically just going with whatever idea happens to pop in my head when my attention has wained from what it is I was observing and only taking minimal notes? I don't want this to sound like those threads asking "How long will it take me to make a million bucks in Forex." Everyone is different and this endeavour has so many variables that no one could answer that. What I'm trying to figure out is a general time frame it took for those who consider themselves successful and what approach they took, or would reccomend, to find their way.
I'm new to Forex and have been spending countless hours going through charts, finding patterns, using different indicators in a seemingly infinite amount of combinations, just trying to figure out which way to go. I've had moments when I think I have something (I actually once had something I was convinced seemed right 90% of the time when I finally went to sleep only to wake up and not be able to find what I'd seen the night before) only to later decide it wasn't going to be able to stand on it's own. By the time I've added a few elements trying to define rules for the strategy to increase consistency, the original method may have been lost or changed, leaving me with the question of trying to decide what's valid and what's not.
I don't think this is something that you just research for a few months and come up with, but I can't help but feel a little overwhelmed at times wondering 'what's next'. I worry that I may have even found a workable plan only to have given up on it too soon. I know a lot of the indicators aren't necessarily valid and probably a waste of most people's time, but they are useful to me at this stage in giving me different persepectives in what to search for.
I worry that I may be seeing patterns that don't exist and wasting a lot of my time on pursuits that could be potentially diverting my attention from realizing profit right now. If I were able to at least support myself through trading, then it's easy to devote yourself to developing or honing your system.
Basically I just want to know how long it took you have been able to support yourself through your method to come up with it. Did you use a well planned, written approach as determining your exact method as opposed to what I've been doing - basically just going with whatever idea happens to pop in my head when my attention has wained from what it is I was observing and only taking minimal notes? I don't want this to sound like those threads asking "How long will it take me to make a million bucks in Forex." Everyone is different and this endeavour has so many variables that no one could answer that. What I'm trying to figure out is a general time frame it took for those who consider themselves successful and what approach they took, or would reccomend, to find their way.