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5 years and still no strategy

  • #301
  • Apr 20, 2017 6:03am Apr 20, 2017 6:03am
Quoting freakout
So... I have 5 years of experience, I know price action, I know how to trade with trend, I know how to manage risk, etc., but I still don't have a strategy. Is this normal or it's a waste of time? I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all. I tried to trade H1-H4 pullbacks, pivots, breakouts and many other strategies but without any success... Should I continue my searches or it's time to leave it?

I wish, someone could help me with this aswell. I have been trading for roughly the same time, but all this learning. Reading up on strategies etc.
I feel like it just doesn't work. I have taken all the steps, started with demo accounts, read up on babypips and learned so much about the forex market, and yet it still feels like one could flip a coin and have arguably the same success.

My brother, who uses tipico for fun (some app where you can bet on sports games or something) has more success than I have with the market.
Is there someone out there, who can help me?
  • #302
  • Apr 20, 2017 7:50am Apr 20, 2017 7:50am
I'm afraid the harsh reality is that no one is likely to share their methodology with you - IF they have a methodology which works.

Nor are you likely to discover a system here or in another forum which works for you.

I used to lurk in FF years ago looking for a system I could use...and I do mean years...Back to the days BunnyGirl and the BunnyCross method was the flavour of choice.

Quite frankly, don't waste your time looking for someone to hand over a method for free. You will have to step back and find your own way or engage a trading mentor to teach you.

That may sound brutal but its the reality and wasting your time scouring for a method in an online Forex community is likely to prove fruitless.

Truth of the matter is - you are on your own - either embrace it or walk away...

To offer some hope..I found my way and now manage OPM BUT no one showed me how to do it and I crafted my strategy on my own - reflecting on things I probably could have saved myself two years by not even bothering to seek out a strategy in on line community forums..
  • #303
  • Apr 20, 2017 8:48am Apr 20, 2017 8:48am
Quoting FXClarity
I'm afraid the harsh reality is that no one is likely to share their methodology with you - IF they have a methodology which works. Nor are you likely to discover a system here or in another forum which works for you. I used to lurk in FF years ago looking for a system I could use...and I do mean years...Back to the days BunnyGirl and the BunnyCross method was the flavour of choice. Quite frankly, don't waste your time looking for someone to hand over a method for free. You will have to step back and find your own way or engage a trading mentor...
To add to your post, I think once you start doing the thinking on your own, you'll surprise yourself with how much better you'll do. I'm starting to sound like a broken record player with this quote but I genuinely think this will help others: "The only system that will work is one designed by and for yourself." - bloodpoodle
  • #304
  • Apr 20, 2017 8:59am Apr 20, 2017 8:59am
Quoting TGS
{quote} To add to your post, I think once you start doing the thinking on your own, you'll surprise yourself with how much better you'll do. I'm starting to sound like a broken record player with this quote but I genuinely think this will help others: "The only system that will work is one designed by and for yourself." - bloodpoodle

Wholeheartedly agree with you...I think the pattern goes something like..

Professional / Semi Professional wants to learn how to trade..

 

  1. Starts a demo
  2. Makes a load of money
  3. Opens a real account a fraction of the size of the demo
  4. Blows it because doesn't understand leverage (amongst other things)
  5. Funds another account
  6. Blows that one too
  7. Looses some confidence and begins to scour the internet for a place where 'professional' traders reside to learn how to do this.
  8. ..Ends up in Forex Factory, Baby Pips or Trade 2 Win
  9. If serious spends days and nights 'searching' for the solution
  10. Starts following others who share thier highly profitable systems
  11. Continues to lose money
  12. Finds another member to follow
  13. Continues to lose money..

My advice to everyone on this carousel..stop and digest what TGS has written - you'll save a lot of time and trouble by simply investing in yourself.

TGS: I think once you start doing the thinking on your own, you'll surprise yourself with how much better you'll do

  • #305
  • Apr 20, 2017 10:18am Apr 20, 2017 10:18am
Many tend to turn forum into a battle ground, instead of discussion
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #306
  • Apr 20, 2017 10:24am Apr 20, 2017 10:24am
Quoting VEEFX
{quote} There I have solved your SL problem >> you have solved his problem to loseconsistently for sure. Posts like these are encouraged by market makers who WANT SLs at the tip of wicks for their survival to generate volatility and hunt stops. Ignore the damn wicks! They simply cannot be tamed and most trades are lost on wicks !!! The logic so simple has taken me years to figure out
VEEFX,

Could you elaborate more on "The logic so simple has taken me years to figure out"?

and

Could you please take a stab at my thread about S/L placement?

Thread

Thanks
  • #307
  • Apr 20, 2017 11:20am Apr 20, 2017 11:20am
Quoting CrucialPoint
This is how you die (in trading) Watch each video carefully as I point out a few things: 1. The Amateur's Personal Experience https://www.youtube.com/watch?v=L5-ZDDwRevs 95% of the information you will get from FF and anywhere else are these type of information. And the reality is, you will only last 10-30min swimming like this in open water (even in a swimming pool). And then you die!!! In trading, you may last 1-3 months of profit and then you die!!! Well, you can rest assure that it is not your fault... You don't know what...
Ticks, not Wicks.
  • #308
  • Apr 20, 2017 11:40am Apr 20, 2017 11:40am
i think good way to make money from Forex trading is wait for big opportunities big events like brexit, few days ago was announcement of election in UK on 8th June. Coming opportunities could be french and UK elections.who wait for these kind of opportunities can easily make money from Forex . these kind of opportunities you do not need any EA , the direction of trend is very clear
find some job and do Forex as a partimer
trade just only once a month or even more.patience matters in life
  • #309
  • Apr 20, 2017 11:57am Apr 20, 2017 11:57am
1---Each day fibonacci pivot change

Fibonacci pivot trades integrate fibonacci retracements and extensions with day by day, weekly, month-to-month and even every year pivots. The emphasis within the dialogue here is on the use of those mixtures with day by day pivots only, but the idea can easily be prolonged to longer time frames incorporating any aggregate of pivots.

2---Forex overlapping fibonacci alternate

Overlapping fibonacci trades are the favourites of a few investors I've known. If used on their personal, their reliability can be a little decrease than some of the opposite techniques, but in case you use them in conjunction with suitable confirming indicators, they can be extraordinarily correct.
  • #310
  • Apr 20, 2017 12:09pm Apr 20, 2017 12:09pm
Quoting 9jatrader
Many tend to turn forum into a battle ground, instead of discussion
If they can't beat the market and win some pips, lets beat some posters in forum and win a meaningless argument
  • #311
  • Apr 20, 2017 12:14pm Apr 20, 2017 12:14pm
Quoting AcerPhoon
{quote} I wish, someone could help me with this aswell. I have been trading for roughly the same time, but all this learning. Reading up on strategies etc. I feel like it just doesn't work. I have taken all the steps, started with demo accounts, read up on babypips and learned so much about the forex market, and yet it still feels like one could flip a coin and have arguably the same success. My brother, who uses tipico for fun (some app where you can bet on sports games or something) has more success than I have with the market. Is there someone...
Can you provide an exemple ?
  • #312
  • Apr 20, 2017 12:55pm Apr 20, 2017 12:55pm
Quoting Mingary
{quote} Can you provide an exemple ?
What example exactly? I have been trying different strategies over the years and none of them have been proven worth it. I had great success with one I came up with for 2 months, but then it never worked again.
I feel kind of lost sometimes, I haven't given up by any means, I am still trying to find an edge somewhere, but it proves exceptionally difficult.
  • #313
  • Apr 20, 2017 12:59pm Apr 20, 2017 12:59pm
Quoting AcerPhoon
{quote} What example exactly? I have been trying different strategies over the years and none of them have been proven worth it. I had great success with one I came up with for 2 months, but then it never worked again. I feel kind of lost sometimes, I haven't given up by any means, I am still trying to find an edge somewhere, but it proves exceptionally difficult.
I'm curious about the method you were using that was successful for that 2 month period. Do you know what event or inherent flaw broke it?
  • #314
  • Apr 20, 2017 1:10pm Apr 20, 2017 1:10pm
No holy Grail. Forex market already has what it takes to be profitable. All we need is to stay with the strategy, in good and bad times
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #315
  • Apr 20, 2017 1:24pm Apr 20, 2017 1:24pm
Quoting AcerPhoon
{quote} What example exactly? I have been trying different strategies over the years and none of them have been proven worth it. I had great success with one I came up with for 2 months, but then it never worked again. I feel kind of lost sometimes, I haven't given up by any means, I am still trying to find an edge somewhere, but it proves exceptionally difficult.
If over the years you have had some success several times but for only for a short time; whatever you were doing probably still work.
The following will probably seem crazy to most but it's very important... don't mind the zen part, it has nothing to do with it, the psychology does.

https://zenhabits.net/beginner/
  • #316
  • Apr 20, 2017 1:30pm Apr 20, 2017 1:30pm
there's a very good example, happen to be for you, might be.

https://www.forexfactory.com/showthr...36#post9385836

be honest with ourselves, we need to

Quoting AcerPhoon
{quote} What example exactly? I have been trying different strategies over the years and none of them have been proven worth it. I had great success with one I came up with for 2 months, but then it never worked again. I feel kind of lost sometimes, I haven't given up by any means, I am still trying to find an edge somewhere, but it proves exceptionally difficult.
  • #317
  • Apr 20, 2017 1:36pm Apr 20, 2017 1:36pm
Quoting TGS
{quote} I'm curious about the method you were using that was successful for that 2 month period. Do you know what event or inherent flaw broke it?

I really have no idea to this day. Maybe it was just luck. Sometimes I go back to this method but it never works again. Kind of sad, but yeah
  • #318
  • Apr 20, 2017 2:00pm Apr 20, 2017 2:00pm
Learn to read volume properly. It is the key to successful trading.
Indentify > Plan > Accept > Execute
  • #319
  • Apr 20, 2017 2:47pm Apr 20, 2017 2:47pm
I bounced around for years like you, picking up stray bits of information about trading, buying "sure fire" EAs, paying money to gurus for their trading strategies, with indifferent success.

Finally, I found a program that offered me a 10 day free trial to learn about a method of trading that teaches you to climb on the backs of the Big Boys in the hedge funds and banks that control 85% of the trading in 4x. If you ever though the FX market is controlled by the Big Boys, be assured that it is and they can talk to each other by the placement of their trades without having to meet in back rooms or by phone. Once you see for your own eyes that this is the system used world wide by banks to trade/move the market, it doesn't matter whether you are trading minis, micros, or standard lots. You simply look over their shoulders so to speak to see their agenda and trade with them.

It's an easy concept to accept, but takes work to learn how they apply the basics of Fibonacci series and simplified Elliot Wave theory. .

Here is my record from 2014 until today Total:+27751.92% increase with 82% success rate based on 4665/5697 trades. I have a daily live internet session with other members and discuss the charts as to where the best trades may be found for the structure of the market for that day. Good luck with finding a method that works for you.
  • #320
  • Apr 20, 2017 5:29pm Apr 20, 2017 5:29pm
Quoting maaRIF2015
i think good way to make money from Forex trading is wait for big opportunities big events like brexit, few days ago was announcement of election in UK on 8th June. Coming opportunities could be french and UK elections.who wait for these kind of opportunities can easily make money from Forex . these kind of opportunities you do not need any EA , the direction of trend is very clear find some job and do Forex as a partimer trade just only once a month or even more.patience matters in life
And these big events, like Trump winning the presidency or Brexit actually being passed. Can you refer me to the fortune teller who granted you this vital information? Of course it's easy to make money if you know the future. But if I did, I'd be calling tomorrow's mega millions jackpot instead of forex.

Quoting wizlon32
Learn to read volume properly. It is the key to successful trading.
Regardless of whether or not knowing actual volume is that much of an edge in any trading, where do you get any sort of reliable figure like that for a decentralized, unregulated market like forex? You might get your broker, and that's about it.
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