This is my first time posting in here, but a long time browser.
The title of my post sums it up really. Im lost. Ive been “trading” for around 6-7 years and im still YET to find the strategy that fits me. The one strategy that resonates with me is support and resistance and trust me Ive tried everything under the sun. I have even spent many days working in AI to discover the perfect strategy.
This is all part of my problem - im testing too much, and jumping the gun too much and going all out on something I havent tested or got enough data to say to myself it works.
I spend most days in the charts, mostly in crypto but I did trade forex and commodities for a year with actually some success.
This most likely sounds like a lost cause, its not something I want to give up, I just want to hone my focus on devote my time to one strategy and after attending a course last week and playing around for the past month - the place I want to be is support/resistance based method.
I want to find a community that can support and reinforce ideas - and more importantly a course on how to start fresh, go back to basics and do it all over again.
There are so so many options out there and many thousands - the course I attended was a free taster to suck you into their £2000 course. This is not something I want to go down right now - are there any cheap sub £100 courses with a community attached that is a good place to start, or even a free one focusing in this area?
Idealy I would love to find a discord community as this is something I use quite alot!
Welcome, so much of what you have posted resonates with me and I bet with many other traders too. But at the most basic level, trading can be expressed as a most simple task - buy where price will probably rise, and get out when it proably won’t rise any more. Or in other words, be long when price is rising, and don’t be when it’s falling.
I’m not talking down to you or anyone else reading, but sometmes we lose sight of what the task is through concentrating on the details of how to accomplish it.
Welcome, I feel you. It’s easy to get lost bouncing between a million strategies, you get hyped on something new, test it a bit, then jump ship. My best advice? Pick one thing and stick to it for at least a few months, especially if support/resistance vibes with you.
Hello and Welcome to babypips community , first off, don’t sweat it too much. I’ve only been in the trading game for two years, and I still feel like I’m fumbling around half the time. Seriously, there’s no point hopping from system to system when you already know what clicks.
Entry/Exit strategy does not matter for profitability. If it did, brokers wouldn’t allow you to trade whenever you want (they still don’t eventually, but that’s a different subject)
Choose a trade management that fits your risk style. Ie; Add to winners, add to losers, single 1R trades, single 2R trades, ect. That’s the best you can do. The strategy chooses a set of samples that fits your lifestyle/trading personality.
Ive most likely disected every single indicator and strategies attached, MACD/RSI/EMA all those general ones. I did that for about 2 years. Sadly this was before I discovered risk management properly and just resorted to DCA and going big on drops using the indicators for entry. I now see I got lucky in crypto bull run.
I have also done courses on VWAP and support resistance, also volume levels and various other things like Donchian channels, ATR for stops etc.
I have also built entire systems in python and using AI that trade based on signals, even building a daily scanner that scans the entire stock market and anything that aligned with my conditions it bought and hold a tiny part. Selling at 20% in profit. This was based on various indicators and accumulation zones.
The one thing that has resonated with me the most, is stripping it all back and finding the market structure and making entries based on support and resistance zones, mainly focusing on swing trades in the hourly or 4h charts.
I did look at ICT for a while but the whole 7000 hour videos of boring talk and the endless hype boy communities showing their lambos really put me off.
If I could find somewhere that isnt the “ICT holy grail, silver golden bullet” but more a community of people who trade support and resistance - more like a group of old dudes that just do the same thing every day consistently. Thats the community im looking for and the strategy I think I want to focus on myself.
Something I can draw out, and wait for entry, but have confidence others have done it and have backtested. A place where people reinforce each other and support each other. Thats kinda what im looking for (without the ICT hype crowd).
Personal opinion, I think you’re heading in the right direction.
At the end of the day, after brushing away the hype and marketing fluff, all you have left is just price action and possible support and resistance zones based off historical data.
Regarding community validation, perhaps, you can consider just finding a risk accountability partner, just keep it to one or two.
, first off, don’t sweat it too much. I’ve only been in the trading game for two years, and I still feel like I’m fumbling around half the time. Seriously, there’s no point hopping from system to system when you already know what clicks.