Help needed to find a strategy!

Hi, I've been desperately trying to get a system to work for me. Since June, I've experimented with several strategies and still, I can't seem to get the nack of getting consistent profit.

I've tried the WATO, and Good Vibrations techniques from forextrading-alerts.com, I've tried the Magic Breakout and Magic Breakout Plus over at http://www.magicbreakout.com/,
I've tried several strategies here on Forex Factory. I tried several of Karl Dittmann's products, and lastly, I purchased Trade Builder Classic Edition.

I guess what I'm getting at is, I'm looking for something that is easy to impliment, and won't keep me glued to my screen for hours at a time.
I trade for two hours a day, from 8:00pm to 10:00pm so I'm looking for short/mid length strategy (1 to 30 min TF)

If anyone has any suggestions please PLEASE advise What's the simplest strategy that works that I can impliment for the asian session? Or if anyone can suggest a strategy that works for Trade Builder I'd really appreciate it.
Thanks.

Best suggestion for you is that if you are looking for "easy" you should cut your losses and forget about forex because what you are looking for you will not find with such a minimal amount of effort on your part.

http://www.forexfactory.com/showpost...98&postcount=2

If you want something bad enough you would be willing to do anything to make it happen, not ask for it to be handed over on a silver platter...

It's not a "nack" that will work. It's the gaining of experience, first hand experience, over time. Forget systems searching and study your market.
Then, start very small and try to exploit opportunities that present themselves to you. Takes time, effort, losses, gains, patience, learning...
If this sounds like too much then try another game.

Thse guys have all hit the nail on the head. It takes a modest amount of effort to get from A to B and trading is more like A to Z before most have that mental shift that allows them to see oppotunities and to act upon. Trading is a complete mindset, from the ability to spot potentail trades, to executing those trades when they need to be and to manage your accounts/trades to give you the best chance at long term profitability.

IMHO if you are only looking at putting in minimal time then I would study daily and weekly charts, draw some good points of S/R and wait for PA to signal a trading opportunity. Set your parameters and from there manage it. It will require you to be able to leave trades in play for days, weeks or months but will require very little charting alterations over the short period.

If that is all too much then you need to do something else. Harsh yes, reality definatly. There are very dedicated people out there who put in the time and effort and still cannot find long term success so just wanting to do it on the side with minimal effort would put you well behind that group.

RT

You know, I'd love to help you bud, but I've spent thousands of hours in front of this screen, make some where between 10 and 20 trades a month and earn a nice living (my house was recently built & paid for with fx profits). If I posted my results some would think I'm exaggerating. I wouldn't show anyone the way I trade.

Errrr...maybe if I had 20-50 sheeple at $100k a pop. Maybe.

It takes time. Lots of time. If you want it bad enough ... you'll learn it and earn it.

Just don't make it anymore difficult than it needs to be.

If you have only a couple of hours a day then this is going to be a hobby. If it's a hobby you shouldn't expect any return. In fact, expect it to cost you money. Just trade a demo account. Choose daily trades - or scalping if you want something more intensive.

Learn about support and resistance until you get sick of it. Learn how to draw trend lines. Learn about candles/price action. Choose to make few trades and analyse them deeply.

Have fun. It'll twist your melon otherwise. Also, use Google.

You trade at the worst moment of the day. Lowest volatility.
If you work 9 to 5, don't make trades but analyse, look for possible save breakouts & make a possible trade at the opening of the 'night market' around 1pm

+1 on the advice given by some of the experienced folk above.

Additionally, you don't "find" a good strategy, you develop it. Small difference in wording but absolutely MASSIVE difference in terms of what goes into and what comes out of your trading efforts.

My two cents...

Spend enough time in the Forex game, and you start going in the same circles over and over again.

1) What broker do I use?
2) How do I manage my money?
3) How do I decide when to exit my trades?
4) How do I decide a REASONABLE take profit and stop loss

This is what being a trader is.... finding the answers to these questions. Otherwise, when you dependent on another person calling your buys and sells for you, you are truly helpless. Takes a lot of work to take responsibility for your own trades... but at least you will be confident in your method because you knew the risks you were taking every step of the way.

Once that starts happening, you'll start recognizing what there is to work with, and start proactively engaging in MEASURING what would have worked in the past.

Just keep in mind.... without insider information from the banks, you are speculating. And when you speculate, you should use statistics.

im semi-new to forex but i play a lot of poker. i think money management (aka bankroll management or pot odds) is more important than what system or indicators you use. even if you only make a correct trade (or bet) half the time (1 to 1 odds), you can make a profit by setting your s/l and t/p to something as low as 2 to 1. Getting 2:1 on a 1:1 shot is having the best of it and that's what to aim for.