Finding at edge isn't easy. It will take years of getting to know the market and yourself. Lots of failed tries.
But then one day something will click and you will know.
Other people can't give you an edge or system. It doesn't work like that.
To be successful you have to have a deep understanding of the market as well as your personal limitations.
Trading is Personal, to your individual strengths, your weakness, your tolerances,
This is why off the shelf systems never work! You must make your own!
1. Know the market pair you are trading..
What kinda news makes your pair spike.
What is the average movement for each session? London, Asian, USA
How does your pair act on Fridays just before the weekend?
How does my pair act in summer? How does my pair act around christmas break?
Does your pair have a tendency to move(correlate with) with stock market? Gold? Bonds? DAX? Bunds? Oil?
Under what conditions do you often get the movement of your Pair wrong?
How does your pair react to weekend gaps?
Does your pair start a new session with a spike, or does it take a while to get moving?
What is the size of the average spike?
What price action setups work and at what time of the day do they work best? What time of day do they always fail?
What is the Average size of a candle during your favorite session..
Ect.. ect.. ect...
Get to know your pair better then your girlfriend/wife! Know it so well you can predict it!
2. Know yourself
What kinda draw down am I comfortable with?
What time frame do I win most on?
Am I a scalper, day trader, or swing trader?
Which session Asian, London, or USA do I do my best trading?
What leverage works right for me?
What mistakes do I always make that hurts my account?
What entry setups do I usually get right?
When am I most confident?
When Am i least confident?
Do I trade news well? or do I usually blow it?
How do I trade fridays?
After a loss do I trade worse?
Ect. Ect. Ect.
Know your self, be honest.. Admit your flaws.
Once you know your market, and your strengths and weakness.
3. Zone in on what your good at.. When building your system.
Use your knowledge of your self, and the pair you trade
to find out when you have the edge over the market.
Trade only the sessions your good at.
Avoid things that cause your account pain (NFP DAY for most traders)
Once you know your Edge build your system around it...
Make every trade your own...
Never look to other guru traders for advice on your system or plan (will usually result in a loss)!
PS. This level of trading takes at least 10,000 hours. You simply can't know yourself and a market in only a month!
Its like anything, you must put in the time and practice to get good. You can't just go join
a major league team, you need years of practice to even have a chance. Trading is the same way!
But then one day something will click and you will know.
Other people can't give you an edge or system. It doesn't work like that.
To be successful you have to have a deep understanding of the market as well as your personal limitations.
Trading is Personal, to your individual strengths, your weakness, your tolerances,
This is why off the shelf systems never work! You must make your own!
1. Know the market pair you are trading..
What kinda news makes your pair spike.
What is the average movement for each session? London, Asian, USA
How does your pair act on Fridays just before the weekend?
How does my pair act in summer? How does my pair act around christmas break?
Does your pair have a tendency to move(correlate with) with stock market? Gold? Bonds? DAX? Bunds? Oil?
Under what conditions do you often get the movement of your Pair wrong?
How does your pair react to weekend gaps?
Does your pair start a new session with a spike, or does it take a while to get moving?
What is the size of the average spike?
What price action setups work and at what time of the day do they work best? What time of day do they always fail?
What is the Average size of a candle during your favorite session..
Ect.. ect.. ect...
Get to know your pair better then your girlfriend/wife! Know it so well you can predict it!
2. Know yourself
What kinda draw down am I comfortable with?
What time frame do I win most on?
Am I a scalper, day trader, or swing trader?
Which session Asian, London, or USA do I do my best trading?
What leverage works right for me?
What mistakes do I always make that hurts my account?
What entry setups do I usually get right?
When am I most confident?
When Am i least confident?
Do I trade news well? or do I usually blow it?
How do I trade fridays?
After a loss do I trade worse?
Ect. Ect. Ect.
Know your self, be honest.. Admit your flaws.
Once you know your market, and your strengths and weakness.
3. Zone in on what your good at.. When building your system.
Use your knowledge of your self, and the pair you trade
to find out when you have the edge over the market.
Trade only the sessions your good at.
Avoid things that cause your account pain (NFP DAY for most traders)
Once you know your Edge build your system around it...
Make every trade your own...
Never look to other guru traders for advice on your system or plan (will usually result in a loss)!
PS. This level of trading takes at least 10,000 hours. You simply can't know yourself and a market in only a month!
Its like anything, you must put in the time and practice to get good. You can't just go join
a major league team, you need years of practice to even have a chance. Trading is the same way!
The only system that will work is one designed by and for yourself.