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No Indicator Trading System

  • #21
  • Nov 26, 2023 3:40pm Nov 26, 2023 3:40pm
Quoting Islandfx911
{quote} Hi Merka, The rectangle is used to create a Support / Resistance zone to enter trades from. {image} I will discuss in detail shortly.



that's the natural flow of the market ... swing highs and swing lows ...

you are heading in the right direction
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22
  • Nov 26, 2023 3:56pm Nov 26, 2023 3:56pm
Entering Trades.
On this example, I wait until market open has determined direction, I have an established support zone and a rejection of that zone.
There is enough information there for me to enter a buy position.

Attached Image (click to enlarge)
Click to Enlarge Name: Entering Trades.png Size: 25 KB
Your trade order needs to be in the right place at the right time.
  • #23
  • Nov 26, 2023 4:34pm Nov 26, 2023 4:34pm
Stop loss and Targets.
As with all trades I am looking to reduce the stop loss as soon as possible as long as it does not increase the risk of the trade.
The SL is moved to break even on close of bullish candle shown on chart

In regards to targets I always set a RR of 2.3:1 as a minimum. I started out with a 2:1RR however after three months of trading this way I calculated that 0.3 of the trade was taken up in commission / spread by my broker on each trade. This was eating into both my losing trades and profitable trades ($2300.00 in 3 months)

Note: 2.3:1RR is a good return. I can get 5R and 6R on occasion however it pays not to be greedy.

Attached Image (click to enlarge)
Click to Enlarge Name: SL and TP.png Size: 16 KB
Your trade order needs to be in the right place at the right time.
  • #24
  • Nov 26, 2023 4:46pm Nov 26, 2023 4:46pm
AU this morning.
My bias is bullish however there is resistance above that may push market further down to 4hr support. Just my view on what has been shown from earlier posts.
Just a reminder this is not a signal service and nothing is for sale. Just trying to show an alternative way to look at and trade the market.
Have a great day trading today.

Attached Image (click to enlarge)
Click to Enlarge Name: AU 27 11.png Size: 25 KB
Your trade order needs to be in the right place at the right time.
  • #25
  • Nov 26, 2023 4:49pm Nov 26, 2023 4:49pm
Quoting MichaelSch
Are you smart share your system? If not will ever do it, make no sense to teach other to swim right?
I am sorry what do you mean?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #26
  • Nov 26, 2023 5:13pm Nov 26, 2023 5:13pm
Quoting Islandfx911
The following chart is how I enter trades. It is an average setup and just an basic example. over the next few days I will show you how to select the better trades. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0117.png Size: 19 KB


Clearly, this is a premature entry.

by “textbook” the shooting star candle pattern has yet completed there. **completed only on the next 3 candles. You were lucky that 3 candle completed changed the direction where I wouldn't be surprised AT ALL this price would continue go down after YOUR ENTRY.

And too by “textbook”, your 4h support level line wasn't marked correctly either where it should be marked on the tip of the most recently visited candlesticks. You marked it in the middles of the sticks, 162.85.

And 3 by “textbook”, the price action wasnt making higher highs although it was making lower lows, in other words, my friend, you were making entries against the 30 min trend.

Now what is a recipe of disaste? Brutal honesty, think I see one here.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #27
  • Nov 26, 2023 5:19pm Nov 26, 2023 5:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: AU 27 11 Long .png Size: 23 KB
Your trade order needs to be in the right place at the right time.
  • #28
  • Nov 26, 2023 5:21pm Nov 26, 2023 5:21pm
Quoting FXSayWhat
{quote} {image} Clearly, this is a premature entry. by “textbook” the shooting star candle pattern has yet completed there. And too by “textbook”, your 4h support level line wasn't marked correctly either where it should be marked on the tip of the most recently visited candlesticks. You marked it in the middles of the sticks, 162.85. And 3 by “textbook”, the price action wasnt making higher highs although it was making lower lows, in other words, my friend, you were making entries against the 30 min trend. Now what is a recipe of disaste? Brutal...
Thanks for the feedback.
Your trade order needs to be in the right place at the right time.
  • #29
  • Nov 26, 2023 5:31pm Nov 26, 2023 5:31pm
Quoting Islandfx911
{quote} Thanks for the feedback.
Sorry brother, I can’t ignore it when I come across your thread and seeing you are making the mistakes on the fundamental levels. Nothing personal. After all I hope my comment would benefit you more or less. Cheers.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #30
  • Nov 26, 2023 5:34pm Nov 26, 2023 5:34pm
Quoting FXSayWhat
{quote} Sorry brother, I can’t ignore it when I come across and seeing you are making the mistakes on the fundamental levels. Nothing personal. After all I hope my comment would benefit you more or less. Cheers.
No Problem. All the best
Your trade order needs to be in the right place at the right time.
  • #31
  • Edited 8:28pm Nov 26, 2023 5:50pm | Edited 8:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0119.png Size: 17 KB

On this other hand, you posted a perfect example on how to properly read and execute on an indicator triggered signal, bottom tested shooting start into a MA cross.

*Although I would still add just 1 or 2 more indicator to confirm this turnaround just because it was going against the main trend of the day on this 30 min chart.

But just for this example you posted ignore everything else that was happening on other timeframe, just on this chart, it was perfect timing, perfect location, perfect run and perfect closing on the 2R spot (textbook, but I think I would still hold it a bit longer). Money shot (I would call it), the type shots that would yelid me 10 times flips in less than 10 trades, all triggered by the shooting star and ma cross.

Am I not correct?

This is the time when I tell people trading is supposed be easy when the proper indicators are lining up and screaming at you to take them home.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #32
  • Nov 26, 2023 6:24pm Nov 26, 2023 6:24pm
Quoting FXSayWhat
{image} On this other hand, you posted a perfect example on how to properly read and execute on an indicator triggered signal, bottom tested shooting start into a MVA cross. Perfect timing, perfect location, perfect run and perfect closing on the 2R spot (textbook, but I think I would still hold it a bit longer). All triggered by the shooting star and mva cross. Am I not correct?
You are 100% right.
Your trade order needs to be in the right place at the right time.
  • #33
  • Nov 26, 2023 6:56pm Nov 26, 2023 6:56pm
[/quote]=This is the time when I tell people trading is easy when the proper indicators are lining up and screaming at you to take them home and fuck their brains out (pardon my language but that is just how I feel when I chock a big one in my hand, alive.)[/quote]

Is this necessary?
Somehow I have either must have offended you or you are just very pro indicators and don't like what I have posted.
My apologies either way.
Your trade order needs to be in the right place at the right time.
  • #34
  • Nov 26, 2023 7:12pm Nov 26, 2023 7:12pm
No further posts.
Wish you all the best
Your trade order needs to be in the right place at the right time.
  • #35
  • Nov 26, 2023 8:23pm Nov 26, 2023 8:23pm
=This is the time when I tell people trading is easy when the proper indicators are lining up and screaming at you to take them home and fuck their brains out (pardon my language but that is just how I feel when I chock a big one in my hand, alive.)[/quote] Is this necessary? Somehow I have either must have offended you or you are just very pro indicators and don't like what I have posted. My apologies either way.[/quote]

oh noooo… sorry I mean to say it felt really good when I get a good and easy trade like that, Like a lion locks it's jaws on it's prey that is still alive and kicking the type feels good. Apology for my language. Sometimes trading gets me frustrated and excited at the same time and I just don't have a pool of pretty words to describe it.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #36
  • Nov 26, 2023 8:39pm Nov 26, 2023 8:39pm
Quoting Islandfx911
No further posts. Wish you all the best
Noooooo broooooo don't punish me like that…
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #37
  • Nov 26, 2023 8:58pm Nov 26, 2023 8:58pm
So have you decided? System with indicators or not WITHOUT?
  • #38
  • Edited 2:58am Nov 27, 2023 12:08am | Edited 2:58am
Hi All, Just posting this last reply as I is relevant for those who were interested in how I trade.

''AU this morning.
My bias is bullish however there is resistance above that may push market further down to 4hr support. Just my view on what has been shown from earlier posts.''
1st trade where I mentioned I was looking for longs (Post24) was successful.

Attached Image (click to enlarge)
Click to Enlarge Name: AU Long Asian Session.png Size: 27 KB


The market did trade down to 4hr Support as I also mentioned it might possibly do that.


Attached Image (click to enlarge)
Click to Enlarge Name: AU Long Euro Session.png Size: 25 KB


This trade was also successful and 2.3RR was reached.
2 Trades 4% return as per my system that I offered for you to use as your own.
It is a shame I was under attack so early into helping others but I guess that is the way it goes here.

And Finally PMI-LowRisk your intelligence level ceases to amaze me. If you had read what I had posted you would not have needed to reply with a stupid answer and a teary laughter face. Maybe you should consider changing your username to PMI-LowIntellegence
Your trade order needs to be in the right place at the right time.
  • #39
  • Nov 27, 2023 12:57am Nov 27, 2023 12:57am
At thread starter, better set as fast as it make sense the clowns to ignore. In real life you can be better suit a conversation, but this work not out in web aswell. Only chance to keep the good start running is ignore them and keep in touch with ones who want follow here with suitable questions. I look some pages from now and prepare some questions if not all answered at that time.
Perfection is the enemy of good enough!
  • #40
  • Nov 27, 2023 5:38am Nov 27, 2023 5:38am
Quoting Islandfx911
Hi All, Just posting this last reply as I is relevant for those who were interested in how I trade. ''AU this morning. My bias is bullish however there is resistance above that may push market further down to 4hr support. Just my view on what has been shown from earlier posts.'' 1st trade where I mentioned I was looking for longs (Post24) was successful. {image} The market did trade down to 4hr Support as I also mentioned it might possibly do that. {image} This trade was also successful and 2.3RR was reached. 2 Trades 4% return as per my system...
Thank you for your post, it's very clear. Looking forward to the future！
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