Sorry Ankit, I get it, but just for curiousity sake, is the system still there, i.e have you totally stopped building the system which I seriously doubt. The reason being that it is very difficult to discard an idea, a system, a seed that is a potential moneyplant literally (Chk my avatar pic). I'm sure you must have found a way around the difficult circumstances, made a few unimportant cuts, probably shrunk the size or something like that rather than discarding the whole system altogether.
Coz I have done the same, though not with the FX market but the NSE. My system is not even 70% of the concept conceived but I've managed a way around the hardships and I'm still on it to bring it to 100 % of the concept ( I'm working on it since past 2 yrs). I know that it may never be possible to do but this does not deter me to turn away, rather it brings a unprecedented challenge of perusing it to it's logical conclusion rather that worrying about the results as I find the journey to be so very unique and rewarding that the destination has taken a backseat.
I hope I'm able to make sense here and not just blabber. Thus for curiosity's sake, do let me know as I may be of some assistance to you. You have my personal contact details in your PM.
Regards, Manish.
Coz I have done the same, though not with the FX market but the NSE. My system is not even 70% of the concept conceived but I've managed a way around the hardships and I'm still on it to bring it to 100 % of the concept ( I'm working on it since past 2 yrs). I know that it may never be possible to do but this does not deter me to turn away, rather it brings a unprecedented challenge of perusing it to it's logical conclusion rather that worrying about the results as I find the journey to be so very unique and rewarding that the destination has taken a backseat.
I hope I'm able to make sense here and not just blabber. Thus for curiosity's sake, do let me know as I may be of some assistance to you. You have my personal contact details in your PM.
Regards, Manish.
Hi Manish,
Please dont be sorry. It could happen with anyone.
Now coming to your questions. The idea with which this thread was started was not to build a system at all. Building or developing a system was the last thing on my mind. I already had a decent idea of what I wanted to do and I had tested it myself for consistency. However, what I was looking for was to form a team of like minded people who could probably trade in future. I had already disclosed that I am no veteran trader myself and am still in learning stages of my trading. No system is a jackpot or a moneyplant(as you said) by itself. Its a trader who makes the apt use of ANY system to generate profits for himself. Take a look at Paul's(4xpipcounter) thread here under the Forex section. You will see his analysis and his confidence in his OWN analysis. The system he uses is the good old traditional Ichimoku, but its HIS adaptations, practice and analysis of it that brings him good results.
The problem is never to find a system that one can trade to make money. The problem is to find TRADERS who can make money from a given system. Not every trader can be good at every possible system out there. Its a lot like the clothes we wear. You have to find something that suits you, your personality, your style of trading and your goals.
Good Luck with your trading.
Ankit