Attachments: Trading Naked Charts | The Power Of Trendlines, Supp/Res And...

Trading Naked Charts | The Power Of Trendlines, Supp/Res And...

#1
First Post: Edited Dec 20, 2018 8:43am Dec 19, 2018 8:21am | Edited Dec 20, 2018 8:43am

JayRally
| Commercial User | Joined Mar 2018 | 90 Posts

Hello everybody...

Today is the day i start sharing some of my knowledge with the community, some of the info i will share will probably seem rubbish to some of the traders here, but bear with me and i will probably make your trading simpler and more profitable.

80% of my trades are based on simple yet powerful market structure, trendlines, supp/res and some candle price action.

I constantly record my trades for my trading journal so i have plenty of material to share with you guys, most of them will amaze you for how simple they are yet how profitable they are.

NO indicators NO fancy stuff... Just simple lines.

Some ideas and analysis are shared here on a public telegram group: https://t.me/BeSomebodyFX

For example, this trade was based on a simple trendline rejection.

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More example will be posted, as well as explanations and instructions on how to trade them profitably, Any question is welcome.

BeSomebodyFX

#2
Dec 19, 2018 8:23am Dec 19, 2018 8:23am

JayRally
| Commercial User | Joined Mar 2018 | 90 Posts

DAX trade, based on a simple trendline rejection, price started to make a round bottom that suggested me the trendline was a valid one.

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BeSomebodyFX

#3
Dec 19, 2018 8:24am Dec 19, 2018 8:24am

JayRally
| Commercial User | Joined Mar 2018 | 90 Posts

Inserted Video

BeSomebodyFX

#4
Dec 19, 2018 8:30am Dec 19, 2018 8:30am

JayRally
| Commercial User | Joined Mar 2018 | 90 Posts

Currently, this is a very powerful risk-reward setup based on Support and Resistance we are in, it's a very low probability trade but the risk-reward is so tempting...

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BeSomebodyFX

#5
Dec 19, 2018 11:49pm Dec 19, 2018 11:49pm

JayRally
| Commercial User | Joined Mar 2018 | 90 Posts

Inserted Video

BeSomebodyFX

#6
Dec 20, 2018 12:00am Dec 20, 2018 12:00am

JayRally
| Commercial User | Joined Mar 2018 | 90 Posts

Quoting JayRally

Disliked

Currently, this is a very powerful risk-reward setup based on Support and Resistance we are in, it's a very low probability trade but the risk-reward is so tempting... {image}

Ignored

There is not much to say about this...

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BeSomebodyFX

#7
Dec 20, 2018 5:29am Dec 20, 2018 5:29am

toddanderson
| Joined Jul 2005 | Status: Trader | 518 Posts

What are your green rod doxes ? are you manually drawing them ?
if so what are you using to determine the size, location of the boxes

Quoting JayRally

Disliked

Hello everybody... Today is the day i start sharing some of my knowledge with the community, some of the info i will share will probably seem rubbish to some of the traders here, but bear with me and i will probably make you trading simpler and more profitable. 80% of my trades are based on simple yet powerful market structure, trendlines, supp/res and some candle price action. I constantly record my trades for my trading journal so i have plenty of material to share with you guys, most of them will amaze you for how simple they are yet how profitable...

Ignored

#8
Dec 20, 2018 6:46am Dec 20, 2018 6:46am

JayRally
| Commercial User | Joined Mar 2018 | 90 Posts

Quoting toddanderson

Disliked

What are your green rod doxes ? are you manually drawing them ? if so what are you using to determine the size, location of the boxes {quote}

Ignored

The Red and Green boxes you see are just a visual illustration of the take profits and the stop loss for the trade, the end of the red box is the stop loss and the end of the green box is the take profit, first i determine the stop loss (based on previous supp/resistance) then i set my take profit accordingly to at least a 2:1 risk reward, and i basically try to find a place where i would enter an opposite trade because there a reversal might happen and i place my TP there, for example in the NZDCAD example in the post above, you can see that i set my TP where a reversal might happen...

Indeed today i entered a buy position at that same level.

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BeSomebodyFX

#9
Dec 21, 2018 8:22am Dec 21, 2018 8:22am

JayRally
| Commercial User | Joined Mar 2018 | 90 Posts

This is an example of a great risk reward setup based on simple support and resistance, yes the success probability is pretty low but 500 pips or TP with a 50 pips of stop loss, who would not like it?

By the way we are sharing these signals on our telegram group, feel free to join.

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