Handicapped, lazy aspiring trader – need discipline and commitment

If you look at my profile, you will see that I have been in FF for 3 years. I wasted so much time and did not try to learn and apply knowledge. Not that I am a dumb person. I had an engineering degree and moved from one country to another country, acquired a MBA degree and worked in the software field with a decent job. Because of my full time demanding job, family commitment and living in the west coast, I hardly have any time to look at the chart when the market is active. I only have some time during Asian session. So, I have been taking short cuts. I used some of the break out systems here in FF and from Baby Pips. I used some MA cross over system and tried demo and then live for a short period of time and lost some money (not much). Even though I have my live accounts with Oanda, I am back to demo again. I want to watch the charts couple of hours in the evening (PST) and put limit order and then close them in the morning or may be next day. I got interested in some threads like Jacko, J16, Strat, Intraday trend trading (Sho) and want to use some kind of combination of all above and some other good threads. The only reason, I am opening this thread so that I can be disciplined and do not want to bore others with my silly trades in their threads. But I invite any one in a similar shoe to add their views, trades so that we all can learn together. Another problem with most thread that we see the picture after the fact with good explanation. But I don’t see the picture while it’s forming. So, may be my journal will help me to understand why I lost the trade and my lack of knowledge. If I just can reverse my thinking, I could be profitable as most of the time I loose. Enough for now..I will try to post some trades when I get time next time…

FX_California

This is my rambling; I hate to say this as strategy. Although, more I learn, I will make it better. Definitely, I want some thing simple.
1. Find the trend. There are many ways to find it. I will be using the Keltner channel. I like the way Sho (Trade Price) uses Keltner channel for trend. I like Keltner channel as it creates band based on the volatility of a bar's ranges from high to low while showing the trend through a moving average.
2. Determine the trend for the weekly chart and then trade from daily only with the trend.
3. I like Jacko's simple but effective idea to buy at a discount with the trend. Buy/sale at the retracement (50% FIB,round nymber). I don't know whether this simple method will work or not as there is lot of discreation in this method.
4. I want to beleive Strat/J16 that buy or sale only when you get a price action on PPZ (mulitiple support/resistance and other important lines). But it's so hard to find a good price action within 30 mins/1 hr during my chart inspection some times in the evening (PST). If I don't get to trade, how I am going to learn. I know patience is the key. But my patience for 3 years did not take me any where
5. Learn more on Price Action (above threads and Vanthorp's book on price action)
5. Last strategy: At least take some trade, give my reason to take the trade and see when it works or when it does not. Some one here may comment on my trade so that I might learn some thing on the basis of my trade.

-FX_California

Is it okay to post on your journal, if not, let me know I will delete.

You should check out N2FX, he gives many different setups you could trade, and He is around in Sydney and Asia.

He is a scalper I trained some years back, but has moved to a higher level of PA understanding.

No indicators, just trade and win.

Cheers and good luck.

Monarch:

Most welcome for your post. Thanks for your suggestion. I will definitely look at N2FX's thread. I avoided in the past because of the title of the thread "1/5/15 min"..there is no way, I will be able to handle less than 4 hour.

FX_California