How did you find success?

True. Such as, during the weekend when I checked the market then I think; oh that was really an obvious entry point; blab la bla…..! But on live market everything is challenging!

I have done that so many, many times over the years. Hindsight is 20/20.

Then obviously you are familiar with my feelings! Lolz; by the way; happy week buddy!

Still looking for some stability, have had some wins and some losses (haven't we all?).
But the most success I've had was when Picked a lane (in terms of analysis and trends) and stuck to it through all the temptations to quit.

I think that applies to most traders.

Consistency is the key; focus on your learning process and work hard on your own trading mistakes!

My thoughts exactly. Everything else should be secondary.

yes , in every section consistency is the main challenge but only learning cant bring good result when trading , besides learning its more appropriate to make sure regular practice on trading.

Thanks for the insights. I am still looking for success!

Are you a newbie still? For how long have you been trading?

trading 3-4 years unsuccessfully. I'm not going to give up. I will find a way eventually.

what about you?

It is nice to see you not giving up. I like that attitude but it would be good idea if you can stay away from trading for sometimes and then come back again, it helps.

That is my approach as well - if I am stuck I pause for a bit so I can look at the problem with fresh eyes.

Failing such hard for more then 3 or 4 years, then one must need a good learning material about trading. A good mentor might help such traders.

Most people, unfortunately, don't have a mentor and they have no choice but to try and learn on their own.

That might be a good thing! I found out, judging by my system.. that many are poisoned with some "truths" too eartly.. so they become blinded to other realities or so to speak... Risk:Reward situation being one of them... not to go further... Can just add that many, if not all, parameter are dynamic/organic.. there are not FIX rules for ideal TP, SL, leverage and/or R:R... Just saying... If there would be any fix rules.. we might get the edge that we can tune, with the help of a leverage.. to the maximum and be profitable af... up to Ts.. But clearly that is not the case In fact... once I started to follow too many mentors/gurus/hawks.. my profitability got down.. coincidence? I would say.. doesn't appear so..

Ok so answering the topic (more) directly... Have any of you played "point and click" game(s)? Larry, Monkey Island... etc... Basically one of the great puzzles were when you combined certain (unusual) things together and "something" new happened... much to anyones surprises most of the time...

So this is what happened to me... I was turned off, repelled by the markets... I mean, the more "abstract" ones than stocks at least... I always liked the stocks because you could check/track the company, market(s), industry.. and try to have some clue... You can "attack" this from many angles... like being industry expert/insider, whatever.. And things do work some, something that you can teach... I mean if you are a tech expert you sure as hell could predict something that might happen in the industry/company.. if you read something in the (sci) article, some discovery.. not Saying it is easy but it is possible... Dieselgate could also be traceable... and was in fact started with scientists.... and they might speculate what might happen after they publicise it.. Ok you get the idea.. Or some chemist, doctor... could see... That is why WS hires many of industry pros...

Ok, back to my story... I was turned off by non-stock markets.. like FX etc.. because it seems there is no clue what to do because there were so many parameters.. basically everything is reflected in it.. So aside of some high-impact news trading.. and playing with RATES... it seemed pretty much random or chaotic at best.. So it looked almost like a pure gamble to me...

BUT THEN... I tried to apply, much to my friend insisting with this FX glory, some MODELs that I have been developing for YEARS before this date... but wasn't sure where to apply them to get the most money... I was using them on WEATHER... and also tried some ways to make money predicting/weather, but was rather complicated, would need some work-around... But then I tried to apply it to markets, FX in particular... at least back then.. have applied it to WTI OIL, GOLD, BTC.. since... But then I tried on FX.. eurusd... Ok so it appeared not to work at all... And I tried many times, different directions... And almost said.. "ok, it's crap, doesn't work".. but then NOTICED that it DOES (at least appear so) work... just DELAYED... and I said, wait a minute... so made DOUBLe on demo account (few times then decided to make REAL trades... open real account, deposited... but wasn't successful UNTILL someone suggested I should (remember the first paragraph of the post) adjust the RR and I should be profitable... So I did and made substantial withdrawal some 1-2months after that It did had some dark "ages" after.. due to certain parameters not aligning and in particularly when ECB was messing with EUR, not to mention the Greece situation and EUR saving fund... And now atm we have FED.. At the moments like this I prefer to just "not to trade"... So here you have it... I still can not confirm/reject the idea that model does work... Have been posting many charts.. not sure many even believed it was possible... Sometimes it does get's to hell before it gets back.. but till now, it was right much more times than not... but depending on the tp/sl, leverage... one could or didn't get the profits.. Because price prediction is just one component, although important.. trade must get through proper risk management, harvest strategy and personal traits.. to be successful at the end... I do suggest to people to break-down trades to components, like price prediction, risk management, "would price hit if wider SL" etc etc... So maybe some of you are sitting on the goldmine or oil rig and are not even aware of it! I was using same price prediction model, improved it much.. but until I adjusted other parameters... would appear I suck... but when I adjusted... everything aligned, at least some of the time At the moment, had my predictions out... I am in particularly interesting what happened at the end of the month... WE might see new trends or confirmation of the old.. This is what my model suggests anyway... And even if it did/does work, we can never know how long.. So I try to squeeze as much as possible as fast as possible... WHEN the trading conditions are RIGHT... Learning when not to trade saved my ass many times and preserved my profits... still profitable after 10years..

Nice read auricforecas. Thanks for sharing your forex journey.

To be successful, You need a system that controls risk when you’re not watching the Market. Controlling risk and how you do it is based on a fact that is true for you.

control risk or managing risk is a tough game but is a great skill , to be experienced about this approach is a long term approach , so traders lost interest about that after passing sometime.

What do you do to control your risk?