I HAVE been trading for about 2 years now, i began with the stockmarket and i managed to make some money but now i have switchedover to forex, however i have been unable to be profitable.
i really wnat to day trading the 1 and/or 5 min charts, however i cant seem to be consistentaly profitable.
i have been using strickly price action with the odd moving aveerage and been trading based on trendlines, s&r and all that other good stuff, but the choppiness of the 5min eurusd really causes me problems.
does anyone feel like sharing how they trade the 5min or 1min charts? i have tried tons and tons of systems in the trading systems forum here on FF but NONE have worked for me.
please dont tell me to go to longer term 1hr 4hr 1day charts because i really am not very good at keeping focused on checking the charts every day when i dont make a trade for a week or more and just seeing 1 new bar each day.
i have been waking up at 5am eastern time each dayto trade for hours and hours on end until the volume dies down on the eurusd, have read books, e-books, websites, magazines and the stars, and i cant seem to make money on the shortterm charts.
please let me know what your guys favorite systems are, i am especially interested on price action trading, if you have any good e-books or name of books,websites or threads on short term price action trading, or some good charts to post feel free.
i really wnat to day trading the 1 and/or 5 min charts, however i cant seem to be consistentaly profitable.
i have been using strickly price action with the odd moving aveerage and been trading based on trendlines, s&r and all that other good stuff, but the choppiness of the 5min eurusd really causes me problems.
does anyone feel like sharing how they trade the 5min or 1min charts? i have tried tons and tons of systems in the trading systems forum here on FF but NONE have worked for me.
please dont tell me to go to longer term 1hr 4hr 1day charts because i really am not very good at keeping focused on checking the charts every day when i dont make a trade for a week or more and just seeing 1 new bar each day.
i have been waking up at 5am eastern time each dayto trade for hours and hours on end until the volume dies down on the eurusd, have read books, e-books, websites, magazines and the stars, and i cant seem to make money on the shortterm charts.
please let me know what your guys favorite systems are, i am especially interested on price action trading, if you have any good e-books or name of books,websites or threads on short term price action trading, or some good charts to post feel free.