Evolution or regression?

[sinpix]

HI,
today i discovered that my chart contains so many indicators that i can't see any clear signal on that.

i feel that something is wrong! i feel bad with it! i feel that my education turns into wrong direction.

i removed all indics.

is it sign of evolution or regression of my trading??

last month i discovered that probably there is no quick money in forex, that probably it'll takes at least two years until i go live. of course it almost broke me down. now i think "maybe it's worth of waiting? maybe time i gave to forex will repay?", so i wait. i still belive i can became great trader, i can be the one who wins. meanwhile i try few "magic systems" EA's, all of them failed (important lesson - i can count only to myslef, no piece of someones code will make me rich)

is it me and my emotions that blew out my strategy? when backtest, they work great, but i was still looking for some holy grail, some "fast path", something that show me all up's and down's in 1m TF. something working fast! (stupid i am, huh?)

as a background about myself i can tell that my daily job as marketing manager is strictly connected with statistics, patterns seeking and prediction. i remember when i saw forex for the first time, i found playing it... relaxing

well, i wrote a lot, but in fact i need it...

may the sun shine on your backs!

[eudamonia]

sinpix,

Whether an evolution or regression depends on where you go next.

My suggestion is to spend some time watching the markets. Look at two different timeframes. Look at S/R. Watch how the shorter-timeframe reacts to S/R on the longer timeframe. Have no pre-conceptions about the market. What do you observe?

Edward

[rrobin]

i can count only to myslef, no piece of someones code will make me rich

Very wise statement.

I wish you well.

rr

[sinpix]

Eudaimonia, thanks for tip, i appreciate that. i do that.

Rrobin, it's not wise statement, it's just most logical one: forex is 0 sum game - someone has to lose for someone to win. if i develop and use winning strategy, i'm slipping under market's radar. more people using my strategy makes market more resistant to it, they simply change buyers-sellers ratio at the moment of entry.

[sinpix]

watching price action, discovering candles, noticing patterns....

guys, till tuesday i'm trading according to pattern i saw (Eudaimonia, i was watching S/R - it helps, thanks once again for focusing my attention on that )- no excuse! strictly to plan! here go results:
day one: 1 trade, +15 pips (all won)
day two: 2 trades, +27,5 pips (all won)
day three: 4 trades, + 29 pips (2 x -8 pips, 1x +30 pip, 1x+15pip)

i'm at the begining of tunning up my trading plan and strategy (make some rules changing today according to 2 consecutive loses, still calculating statistics and having excel journal where i note everything about trades i made).

[sinpix]

Update:
continuation on my journal:
friday -20 pip (5 trades)
monday so far +25 pip (1 trade)

is it lesson about trading on friday??

[sinpix]

hmm... i was looking for some missing file and found on babypips -while registering it turns out that my email (same as used here) is banned from babypips even before i registered there. is it some consipiracy ? i've never registered to babypips before...