Yeah, I am.
Not that you would care about it.
It's been a couple of years now for me on Forex, not that 2 years is much, actually i know it's nothing, but I'm afraid that I won't get anywhere from here.
I am at the second step of those "famous 5 steps" quoted somewhere in the forum. I know that... I don't know.
To tell the truth, this tool actually gave me a big hand:
I can't remember how it was called, I just call it "Strenght meter", I programmed the one I use, but I got the idea from a link somewhere here on forex factory and i think the creator was Henry Liu or something like that. Anyway, that tool measure the general strenght of a currency, like an index, and if you compare high scores currencies with low score ones you can actually see some good up/down trends.
But... yea there's a but. I actually don't know how to use this nice tool i have in my hands. I lately used it to decide what pair to trade, the most rising currency against the most falling one...
I don't know, I don't have rules to follow and I'm lost, I'm not still able to create my own rules. I'm good at money management, it's not that I'm loosing too much (I have an account with 100€ on it, so it's not big losses, but it still is real money), I'm not risking much, I'm not cutting my wins or letting my losses go, etc etc. I'm kinda... balancing my losses with my wins, breakeven. And I'm happy with that, I'm proud of myself for this.
But I can't move from here. I'm not able to.
Actually, I stopped reading the trading systems section, 'cause 'till 6 months ago I was a "Systemhopper", jumping from a strategy to another. I decided that I needed to create myself a method using all the good knowledge i had found here. So i started reading the trading discussion, broker discussion and rookie discussion sections, a little bit even the journals one.
I don't use indicators if not created by me, and, even those, never modify the actual price with strange formulas.
I tend to not give much importance to timeframes.
Never tried scalping or something like that, I just know it doesn't suit me.
I don't know what else to say if not that, again, I'm lost. I need some light.
Can you help me? Give me a hand somehow?
Thank you forexfactory.
Regards,
scott89
Not that you would care about it.
It's been a couple of years now for me on Forex, not that 2 years is much, actually i know it's nothing, but I'm afraid that I won't get anywhere from here.
I am at the second step of those "famous 5 steps" quoted somewhere in the forum. I know that... I don't know.
To tell the truth, this tool actually gave me a big hand:
I can't remember how it was called, I just call it "Strenght meter", I programmed the one I use, but I got the idea from a link somewhere here on forex factory and i think the creator was Henry Liu or something like that. Anyway, that tool measure the general strenght of a currency, like an index, and if you compare high scores currencies with low score ones you can actually see some good up/down trends.
But... yea there's a but. I actually don't know how to use this nice tool i have in my hands. I lately used it to decide what pair to trade, the most rising currency against the most falling one...
I don't know, I don't have rules to follow and I'm lost, I'm not still able to create my own rules. I'm good at money management, it's not that I'm loosing too much (I have an account with 100€ on it, so it's not big losses, but it still is real money), I'm not risking much, I'm not cutting my wins or letting my losses go, etc etc. I'm kinda... balancing my losses with my wins, breakeven. And I'm happy with that, I'm proud of myself for this.
But I can't move from here. I'm not able to.
Actually, I stopped reading the trading systems section, 'cause 'till 6 months ago I was a "Systemhopper", jumping from a strategy to another. I decided that I needed to create myself a method using all the good knowledge i had found here. So i started reading the trading discussion, broker discussion and rookie discussion sections, a little bit even the journals one.
I don't use indicators if not created by me, and, even those, never modify the actual price with strange formulas.
I tend to not give much importance to timeframes.
Never tried scalping or something like that, I just know it doesn't suit me.
I don't know what else to say if not that, again, I'm lost. I need some light.
Can you help me? Give me a hand somehow?
Thank you forexfactory.
Regards,
scott89