So I’ve been researching and trialing many things for a while now, but I feel quite lost now and would really appreciate some guidance.
I’ve had a demo account for 1 month (was paper-trading before that) and happily turned $5000 into $10000 simply trading the range breakouts. However, now I’m finding that I’m not seeing that same success during choppy market conditions.
I live in Australia, and the only good way I’ve found is to analyse and set entry orders at the beginning of the London session, and allow themselves to play out during the night. I live in GMT+10.5
I’ve been trading the GBP/USD and EUR/USD
My main preference is trading breakouts and using Fibs, Pivot Points, Support and Resistance and Trend Lines, but there is so much information out there I haven’t found my favoured style yet. Obviously I’m a technical trader, can not stand fundamentals.
So I’m looking for some general direction on where I should focus my attention now, I’m finding my attention spread to thin over too many directions.
Thanks in advance,
Tom