May's Trend System (indicatorless trading)

Please don't turn the thread into argument platform.

whatever lol

Correct -it looks like another scam but there will always be idiots in abundance for harvesting here.

REKT

Internet trolls are everywhere.

Forgive me for interfering, but I see only the sell of the EURGBP. Of course I can be wrong.

9jatrader, I can see you are only more than a year here in FF. from my experience here in FF, she is not going to post a chart and rules for her strategy. There were so many OPs like her who did the same tactic in the past and ended as scam. I hope Im wrong. Im out of here. Thanks!

An email with charts of how I'm looking at EURGBP went out to the email list this morning just like I said I would.

I'll post the content of that email here to the forum tomorrow (just like I said I would) unless someone else is kind enough to post it for me ... which would be awesome.

For the record, I'm done engaging with people intent on nothing but negativity.

From this point forward I'm going to talk about the system and nothing else. I apologize to the forum for allowing myself to be sidetracked by trolls, it won't happen again.

https://forums.babypips.com/t/mays-trend-trading-system-indicatorless-trading/106265/27


I did not know successful traders had a house like this ?

Okay, getting to this a little early Here is EURGBP monthly


In this chart you can see where the trends USED TO BE and how I was looking at this pair in the past. Now however because of brexit and the like the pair has broken past support lines. However you can see there was a period of consolidation that already happened. Now for me, if I were looking at this pair for the first time today, I might feel safe looking at the daily, seeing where the shorter term S/R lines are and placing a long EURGBP now given that the pair already shows consolidation on the monthly chart.

HOWEVER, I have a larger account, been doing this longer, and I'd rather show you the system the way it's fully meant to be traded.

So lets look at the daily chart now.



What you see there is that the pair has broken through resistance and is largely appearing as if it's going to stay above it. There are wicks below the resistance line but the bodies of the most recent candles are above which means that resistance is now support.

You can see a small amount of consolidation has happened there.s multiple red candles, a green candle, then two more red candles ... and now we're back to a green candle on Friday and a green candle forming today.

If today closes with a green candle then in my opinion we'd be looking at the end of consolidation.

That then leaves where to place your trade position.

As a newer trader if I were you I'd be looking at placing a stop lost at ..8720 which is very near the bottom of the deepest point of consolidation.

Yes that's a very wide stop. But it ensures the market can move around. And remember, the position you place needs to be small enough that putting the stop at .8720 will not result in anything more than a 5% draw down of your account.

As I said above, as a newer trader I'd be looking at a take profit stop at .9800 since .9900 is where I think the pair would go.

I would let this trade get 300 pips in profit, look at the daily chart again and see what the range in pips the market has been moving around, and place a trailing stop just a tiny bit wider than that so that I can just let the trade run and forget about it and go on about my life.

Tomorrow I'll post charts using another pair so you can get a better idea of what I'm doing and why.

Let me know if there's any questions.

Going long in EURGBP could be fatal. Both the daily and monthly too strong. The daily formed strong bearish engulfing, supported by upper band breakout, right around strong resistance- the red mark.

EG bulls are also not doing well on the weekly. It's completely trapped below five moths resistance

Well, I had said that we need to watch the pair for a couple of days yet. If tomorrow shows a red candle then we'll know what you're saying is true. But on the other hand if tomorrow we get a green candle that will force a break above the resistance you're talking about and probably the pair will be off to the races at that point.

Fjurther the markets are driven by fundamentals and GB is on a crash course with a brexit deadline. I don't see how this pair doesn't push up more, but again, we'll let the markets tell us what it wants to do. Patience is a traders best friend.

We'll keep an eye on it and see how it goes.

Market will certainly decides. All we need is trade setup.

If any trades with stochastic, the weekly failed to break 0.88488 resistance while stochs was on overbought.

Hahaha Mr.T!

I talked about EURGBP previously and showed both the monthly and daily chart.

What we are seeing is a lack of confirmation on the daily chart that the trend is going to resume. I really like to see at least three consecutive candles on the daily chart returning to the direction of the trend ... and thus far every other day the candle has been downward/short instead of giving us any sort of confirmation that the trend upward/long is going to resume.

It looks like the market is in something of a holding pattern waiting on the the british central bank and british parliment to decide what it's going to do regarding brexit.

However they are on a sort of crash course with a deadline and a "hard exit" is likely to be rather damaging to the pound. Still going to have to watch this cross for a few more days.

Cozy nook here! See how it holds up. I like the idea of the system though.

I had been talking about EURGBP and AUDUSD ... both clearly completed their consolidations and shot upward showing that what I'm talking about is the truth. People that were subscribed to my list got to watch me recommend trades in real time and are up multiple hundreds of pips on what is in my opinion low risk trades.

In fact EURGBP looks like it's consolidating again giving room for another entry.

AUDUSD did a minor consolidation yesterday and is moving slowly today (people on my email list know that I also predicted that would be the case).

The system works, for real and on the real market, as is now provable in real time.

This bag of pus is a scammer.Be warned.She promises a quick return of your money.When you try to collect your money she gives you all kinds of excuses like one of her employees was stealing or she was called away on an emergency.She promises a bigger return if you continue investing with her.I don't even think Madison is her or his real name.
Flush this TURD down the crapper.