Unfortunately, I'm not taking any further steps toward becoming a consistently profitable trader. Maybe someone reading this who really understands trading and has managed to make a living from it can help me.
What I'm looking for is the following.
- A strategy that allows me to focus/trade only one market (one FX pair, index or similar)
- A strategy that provides a clear defined setup in terms of where to enter and exit a trade following objective/repeatable rules.
- A strategy that is as mechanical as possible and does not require my subjective chart reading skills.
- A strategy with reasonable risk in relation to potential reward. No gambling!
- A strategy that saves time and opportunity costs. I cannot and will not sit in front of a chart for hours a day only to realize at the end that the time was better spent at a regular job. I think that's not sustainable.
- A strategy that allows me to earn at least +1R (+1%) per month. Preferably +2-3R (2-3%)
What i tried:
- Nearly every variation of the ORB / London Breakout approach on GBP/USD and a few on DAX.
- Nearly all kind of indicator based strategies that claim to be profitable by anonymous internet gurus.
What I'm looking for is the following.
- A strategy that allows me to focus/trade only one market (one FX pair, index or similar)
- A strategy that provides a clear defined setup in terms of where to enter and exit a trade following objective/repeatable rules.
- A strategy that is as mechanical as possible and does not require my subjective chart reading skills.
- A strategy with reasonable risk in relation to potential reward. No gambling!
- A strategy that saves time and opportunity costs. I cannot and will not sit in front of a chart for hours a day only to realize at the end that the time was better spent at a regular job. I think that's not sustainable.
- A strategy that allows me to earn at least +1R (+1%) per month. Preferably +2-3R (2-3%)
What i tried:
- Nearly every variation of the ORB / London Breakout approach on GBP/USD and a few on DAX.
- Nearly all kind of indicator based strategies that claim to be profitable by anonymous internet gurus.
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