No Indicator Trading System | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/JPY, EUR/JPY, AUD/USD

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

HYBRID: trading system within a trading system 31 replies

WatchMyZone trading system - WMZ system 7 replies

Day Trading system - Simple system to make money 51 replies

Trapping System: Way to Fully-Automated Trading System 47 replies

Attachments: No Indicator Trading System
Exit Attachments

No Indicator Trading System

  • #141
  • Dec 29, 2023 5:22am Dec 29, 2023 5:22am
Quoting Islandfx911
{quote} Hi Eric, Yes GA would have been profitable also along with GN. I tend to stay away from GN though due to spread. As certain pairs are correlated I pick one pair that I like the look of (Rejection Candle and Time frame) Very rarely would I trade GA and GN at the same time
Yes,+ve correlation and GA not so volatile as GN. To trade both at the same time is suicidal imo. Sticking with the majors is better for my heart . As it is GU and GY are volatile enough for me. At my age "health is better than wealth"
the cautious seldom err....C
  • #142
  • Dec 29, 2023 5:34am Dec 29, 2023 5:34am
Quoting pips29
{quote} Yes,+ve correlation and GA not so volatile as GN. To trade both at the same time is suicidal imo. Sticking with the majors is better for my heart . As it is GU and GY are volatile enough for me. At my age "health is better than wealth"
I think today GA was the obvious choice and it worked perfectly.
  • #143
  • Dec 29, 2023 7:33am Dec 29, 2023 7:33am
caught this earlier
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.rM15.png Size: 20 KB
the cautious seldom err....C
  • #144
  • Dec 29, 2023 8:43am Dec 29, 2023 8:43am
I gone short with some help from bearish divergence
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.rM15.png Size: 21 KB
the cautious seldom err....C
  • #145
  • Dec 29, 2023 9:03am Dec 29, 2023 9:03am
I manually closed it just before the target. It's Friday and there's no need to be over greedy, btw it's also the last trading day of 2023
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.rM15.png Size: 21 KB
the cautious seldom err....C
  • #146
  • Dec 29, 2023 9:33am Dec 29, 2023 9:33am
I did not trade cable today apart from a trade from yesterday that hit my target. On my chart there are 2 zones of interest to me
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rM15.png Size: 20 KB
the cautious seldom err....C
  • #147
  • Dec 29, 2023 11:19am Dec 29, 2023 11:19am
I had gone long cable instead
the cautious seldom err....C
  • #148
  • Dec 29, 2023 12:31pm Dec 29, 2023 12:31pm
trade ended and going into the New Year completely flat..."Happy New Year" Rob and fellow traders
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDxM15.png Size: 19 KB
the cautious seldom err....C
  • #149
  • Dec 29, 2023 4:38pm Dec 29, 2023 4:38pm
Quoting pips29
trade ended and going into the New Year completely flat..."Happy New Year" Rob and fellow traders {image}
Hi Eric, Excellent trading as usual, a nice way to end the year.
All the best for 2024
Your trade order needs to be in the right place at the right time.
  • #150
  • Dec 29, 2023 4:51pm Dec 29, 2023 4:51pm
Happy New Year everyone!
and best wishes.
steve
without patience how can you be a trader?
  • #151
  • Dec 29, 2023 5:23pm Dec 29, 2023 5:23pm
Hi Traders,
I will be posting some informative charts and trade examples over the next few days that may help with identifying potential trades.
When you understand how Support and Resistance and Supply and Demand work you will be able pick and choose your trades with confidence.
Attached Image (click to enlarge)
Click to Enlarge Name: S&R No Indi Reqd.png Size: 23 KB
Your trade order needs to be in the right place at the right time.
  • #152
  • Dec 30, 2023 1:22am Dec 30, 2023 1:22am
Trade Example - Double Top
When the market is trading upwards prior to market open and there is a resistance zone above, it is likely that there will be a reversal at market open.
Plan of attack - Look for rejection candles at market open and short market away from resistance zone.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Example 1 Double Top.png Size: 19 KB
Your trade order needs to be in the right place at the right time.
  • #153
  • Dec 30, 2023 1:35am Dec 30, 2023 1:35am
4hr Bullish Rejection Candles
Rejection Candles can give you an idea of future market direction.

Attached Image (click to enlarge)
Click to Enlarge Name: 4hr Bullish Rejection Candles.png Size: 18 KB
Your trade order needs to be in the right place at the right time.
  • #154
  • Dec 30, 2023 6:35am Dec 30, 2023 6:35am
This trading system looks like with malaysian snr
  • #155
  • Dec 30, 2023 7:37am Dec 30, 2023 7:37am
Quoting jepeto
This trading system looks like with malaysian snr
I don't understand your statement, care to explain?
the cautious seldom err....C
  • #156
  • Dec 30, 2023 7:52am Dec 30, 2023 7:52am
Quoting pips29
{quote} Δεν καταλαβαίνω τη δήλωσή σας, θέλετε να εξηγήσετε;
Do you know anything about malaysian snr?I have learned about this last months on yt and look like very simillar with this strategy here.
  • #157
  • Dec 30, 2023 9:20pm Dec 30, 2023 9:20pm
Hi Traders,
Here is one Setup / Chart Pattern that I can always rely on. Every morning I go over line charts and plot SR Zones using the rectangle tool. I am looking for a break of SR or a change of trend and I find the line chart easy to identify both.
The following chart is a simple break out through the Resistance Zone and a retest to support.
Note: The retest occurred prior to US market open. with the Entry Candle being at 16.30 when the market had opened.
It is a simple chart pattern that occurs on all time frames.
Attached Image (click to enlarge)
Click to Enlarge Name: GC SR Trade.png Size: 25 KB
Your trade order needs to be in the right place at the right time.
  • #158
  • Dec 31, 2023 4:19am Dec 31, 2023 4:19am
Quoting jepeto
{quote} Do you know anything about malaysian snr?I have learned about this last months on yt and look like very simillar with this strategy here.
I do know about snr but was not aware it's malaysian
the cautious seldom err....C
  • #159
  • Dec 31, 2023 4:30am Dec 31, 2023 4:30am
Quoting Islandfx911
Trade Example - Double Top When the market is trading upwards prior to market open and there is a resistance zone above, it is likely that there will be a reversal at market open. Plan of attack - Look for rejection candles at market open and short market away from resistance zone. {image}
Hi Islandfx,

Look at the way Price moves into the Previous Day's High

Just an Observation

Happy New Year to. you and all your Readers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 31st Dec 23 m15 Observations EUR_AUD Mini_20231231_10.15.png Size: 25 KB
Click to Enlarge Name: 31st Dec 23 EUR_AUD Mini_20231231_10.21.png Size: 32 KB
  • #160
  • Dec 31, 2023 4:36am Dec 31, 2023 4:36am
Quoting jepeto
This trading system looks like with malaysian snr
Hi Jepeto,
There are many trading systems that are similar to each other however they will never be the same. This can be proved by giving 10 people the exact same system.
You will find that you will get 10 different sets of results. Trading systems are mechanical, the trader is subjected to emotions during trading (The human element) thus causing varying results. You are welcome here to learn from me and others that post charts and ask questions. This system is not the system of all trading systems it is basic price action with support and resistance along with some supply and demand that is available to all. I have just my twist on it. So please learn with other traders here and we can all profit from knowledge.
All the best
Rob
Your trade order needs to be in the right place at the right time.
5 traders viewing now