May's Trend System (indicatorless trading) | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

HYBRID: trading system within a trading system 31 replies

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

trading system opposite to trend 1 reply

So far so good indicatorless system... 26 replies

hksweeper's Trading Journal - Reaction Trend System 20 replies

Attachments: May's Trend System (indicatorless trading)
Exit Attachments

May's Trend System (indicatorless trading)

  • #1
  • First Post: Jun 22, 2017 11:50am Jun 22, 2017 11:50am
I've been trading profitably for three years, doing it for a living for two. I've developed a trading system that brings in some pretty nice profits however it's "slower" than what many of you are used to. I might place a trade a month and I might hold a trade for 6 months ... a year isn't terribly uncommon.

However I very rarely have losing trades, my risk/reward is almost a joke it's so tilted towards the "reward" side ... and I really don't need indicators or anything else.

The basics of the system are as follows:
1) Use the 1 month chart to find a pair that is trending ... any pair, I even look at the exotics. Don't get fancy, just use your eyeballs.
2) Use the 1D chart and wait until you can see consolidation against the trend (4 candles minimum opposite the trend direction) then wait until you see the trend resume, now place your trade.
3) Opening the position should be a maximum of 1% of your account value, set a stop loss for 5%
4) Figure out where the support/resistance point for the trend is using the one month chart ... place a take profit stop on the position at 100 to 200 pips before that point is hit
5) get away from your computer and go enjoy your life

This is an ENORMOUSLY profitable system. It does take some time to have a few trades in the pipeline so to speak making you trading profits, but once you get there you can really make A LOT ... past performance no indicator of future results and all that but I make more doing this than any lawyer or surgeon and my trading takes me an hour or two at most two or three days a week.

i have a PDF that describes the full system and the mentality behind it and everything else. Check it out and let me know what you think.
Attached File(s)
File Type: pdf May’s Trend System.pdf   100 KB | 2,219 downloads
  • #2
  • Jun 22, 2017 1:05pm Jun 22, 2017 1:05pm
Greetings May;

Thank you for this PDF.

I like it: the clear and well-written content makes a great deal of sense.

Subscribed now, and also looking forward to your Newsletter.

Best wishes,

Salbine
  • #3
  • Jun 22, 2017 1:06pm Jun 22, 2017 1:06pm
Thanks for sharing. I don't need indicator too, but I need data.
SVT refer to mql5 link
  • #4
  • Jun 22, 2017 1:20pm Jun 22, 2017 1:20pm
Quoting SubheadSeven
Thanks for sharing. I don't need indicator too, but I need data.
What data do you need?
  • #5
  • Jun 22, 2017 1:22pm Jun 22, 2017 1:22pm
Thanks Mayzee
  • #6
  • Jun 22, 2017 1:24pm Jun 22, 2017 1:24pm
Thanks Mayzee, makes sense and I agree with the simple approach.
Just trying to put a kiss on the cheek of success
  • #7
  • Jun 22, 2017 1:25pm Jun 22, 2017 1:25pm
To trade the monthly............you need a large account to live the life of a lawyer or a surgeon......and that is what most traders can not afford...............
atheer1
  • #8
  • Jun 22, 2017 1:35pm Jun 22, 2017 1:35pm
Quoting mayzee
{quote} What data do you need?
Real time volume data. The purpose is to trace big trader's orders.
SVT refer to mql5 link
  • #9
  • Jun 22, 2017 1:41pm Jun 22, 2017 1:41pm
Quoting atheer1
To trade the monthly............you need a large account to live the life of a lawyer or a surgeon......and that is what most traders can not afford...............
If you notice, you're actually trading the daily, not the monthly. The monthly is used to give you an idea of directionality. You open your trade based on the daily however.

But yes, larger accounts do make trading easier just in general.
  • #10
  • Jun 22, 2017 1:41pm Jun 22, 2017 1:41pm
Quoting mayzee
I've been trading profitably for three years, doing it for a living for two. I've developed a trading system that brings in some pretty nice profits however it's "slower" than what many of you are used to. I might place a trade a month and I might hold a trade for 6 months ... a year isn't terribly uncommon. However I very rarely have losing trades, my risk/reward is almost a joke it's so tilted towards the "reward" side ... and I really don't need indicators or anything else. The basics of the system are as follows: 1) Use the 1 month chart to...

if the swap is negative and now a days most of pairs are having negative swap for both buy and sell ( long and short ) , then it is good to see how your profit will overcome the swap deductions from the net profit final values !!!!!!!!!!!!!
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #11
  • Jun 22, 2017 2:09pm Jun 22, 2017 2:09pm
Quoting Samer1970
{quote} if the swap is negative and now a days most of pairs are having negative swap for both buy and sell ( long and short ) , then it is good to see how your profit will overcome the swap deductions from the net profit final values !!!!!!!!!!!!!
++++++++++++++++

Find out here: https://www.oanda.com/forex-trading/analysis/financing-calculator

If you bought $100,000 (1 lot) of EU, held it for a week, it would cost $40.61, or 4 pips. Selling the same currency pair, would net you $10.89.
  • #12
  • Jun 22, 2017 2:50pm Jun 22, 2017 2:50pm
Quoting mayzee
I've been trading profitably for three years, doing it for a living for two. I've developed a trading system that brings in some pretty nice profits however it's "slower" than what many of you are used to. I might place a trade a month and I might hold a trade for 6 months ... a year isn't terribly uncommon. However I very rarely have losing trades, my risk/reward is almost a joke it's so tilted towards the "reward" side ... and I really don't need indicators or anything else. The basics of the system are as follows: 1) Use the 1 month chart to...
Thanks may, subs, pdf is quite easy to understand, i hope we will see ur expert analysis soon with live entries to make a good value able exposure and learn basics form u
  • #13
  • Jun 22, 2017 2:56pm Jun 22, 2017 2:56pm
In order to avoid swap charges, better open an account with a swap free broker.
  • #14
  • Jun 22, 2017 3:02pm Jun 22, 2017 3:02pm
Quoting aszain02
{quote} Thanks may, subs, pdf is quite easy to understand, i hope we will see ur expert analysis soon with live entries to make a good value able exposure and learn basics form u
I've already sent out an email with currently trending pairs. The idea is to show you how trades develop over time so you can watch it happen. I think that's a valuable way of learning how this whole thing works.
  • #15
  • Jun 22, 2017 3:04pm Jun 22, 2017 3:04pm
Quoting Samer1970
{quote} if the swap is negative ....!
I think you're over complicating.

You open a trade and it's open negative because of the bid/ask spread.

You close a trade, and there's no fees to pay unless you're using a really screwed up broker. You simply get the gain in pips for the closed trade.

End of story. Don't use a stupid broker trying to calculate swap charges and crap and is instead making their money on the bid/ask spread alone and you won't have these problems you're mentioning.
  • #16
  • Jun 22, 2017 4:05pm Jun 22, 2017 4:05pm
Thanks for the interesting thread. Could you please clarify more your money management? In PDF you wrote not to risk more then 1% of account in every trade and in the next paragraph you wrote that the risk must be max of 5%.
So usually when any position with predefined SL is opened I set such a lot size that when SL will be hit I loose no more then 1%? Or 5%?
And can you provide some live examples of trades with entry points and SL levels?

thanks in advance.
  • #17
  • Edited 4:26pm Jun 22, 2017 4:07pm | Edited 4:26pm
Quoting mayzee
{quote} I've already sent out an email with currently trending pairs. The idea is to show you how trades develop over time so you can watch it happen. I think that's a valuable way of learning how this whole thing works.
Oops
  • #18
  • Jun 22, 2017 4:36pm Jun 22, 2017 4:36pm
Quoting Dezil
Thanks for the interesting thread. Could you please clarify more your money management? In PDF you wrote not to risk more then 1% of account in every trade and in the next paragraph you wrote that the risk must be max of 5%. So usually when any position with predefined SL is opened I set such a lot size that when SL will be hit I loose no more then 1%? Or 5%? And can you provide some live examples of trades with entry points and SL levels? thanks in advance.
What I mean is that the open of the position shouldn't be more than 1%. You then place a stop loss at 5%.

Does that make sense?
  • #19
  • Jun 22, 2017 4:39pm Jun 22, 2017 4:39pm
Hello Mayzee
Than you for the PD, it is really interesting.
I am kind of new in forex but i do like it.
i have some questions to ask if you dont mind to give me and answer.
I am kind of confused about how to identify or determinate the trend in the charts, so here is an example for the pair EUR/USD i identified the bearish trend in the monthly timeframe and also identified the bearish trend in the daily timeframe by the blue trendline. i am not sure if this is the correct way to determinate the trend in the chart so i want you to tell me if i am right or wrong or maybe explain to me the way how you determinate the trends.
cai i get the email you already sent to the others members with some pairs trends.
Thank You.

Pd: sorry about my english, i did my best.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd monthly.png Size: 32 KB
Click to Enlarge Name: eurusddaily.png Size: 27 KB
  • #20
  • Jun 22, 2017 4:41pm Jun 22, 2017 4:41pm
Quoting mayzee
{quote} What I mean is that the open of the position shouldn't be more than 1%. You then place a stop loss at 5%. Does that make sense?
Can you resend your email, I haven't received it
Thanks
0 traders viewing now