No Indicator Trading System | Page 11 | 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

  • #201
  • Jan 5, 2024 1:41am Jan 5, 2024 1:41am
Quoting mario777
{quote} what strategy is this? seems very different from the OP's trying to teach and very confusing only the poster can understand
@mario777

IF you can tell the difference from the OP' strategy then you are very good.

I am trading the price Line chart using Multi-Timeframe Analysis for Support and Resistance aka SnR plus the use of Trend Line.
No indicators required.

My main trading timeframe is the 4Hr and 1Hr for setup and entry.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jan02 H4 SNR support PA confinuation2-1-2024 7-47-24 pm.png Size: 23 KB




Attached Image (click to enlarge)
Click to Enlarge Name: UJ Jan week01 4H trades closed 5-1-2024 9-04-50 am.png Size: 20 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #202
  • Jan 6, 2024 2:12am Jan 6, 2024 2:12am
Quoting emmanuel7788
{quote} @mario777 IF you can tell the difference from the OP' strategy then you are very good. I am trading the price Line chart using Multi-Timeframe Analysis for Support and Resistance aka SnR plus the use of Trend Line. No indicators required. My main trading timeframe is the 4Hr and 1Hr for setup and entry. {image} {image} ...
the OP is using purely RBS and SBR. Yours is using supply and demand zone and in your chart you are buying on supply? Thats why i said you are the only one understand because you dont want to share your setup. Only showing your result as others do.
  • #203
  • Edited 3:29am Jan 6, 2024 3:16am | Edited 3:29am
Hi Traders,
I've got some spare time so I will post some charts and notes that will clarify how I trade.
Firstly in regards to support and resistance / supply and demand I look at both and have a adapted my own way of selecting trades.
The is not an indicator on the planet that will make you successful.
So if you want to learn how to be profitable I suggest you open your trading platform, open two charts place them side by side.
Left chart is a line chart right chart is a candlestick chart. The time frames will be 15m, 30m, 1hr and 4hr.
There is more to the system however no one has really asked any questions so I stopped posting.
I am going to go through the fine details of the system over this weekend and encourage you to open your minds.
If you are interested and put some effort in I will work with you to help you on your journey to become a better trader.
1st Rule I don't want to see any indicators posted or discussed.
2nd Rule Post some charts with your questions
3rd Rule If you come to this thread and you don't agree with what I am posting, move on, no one is forcing you to be here.
There are some great traders on FF that trade similar to me that I have a lot of respect for because they front up each day and get on with business.
These include Em, pips29 and inthebox. There are many others but i.m not going to write a list. Take a look at how they trade and their commitment.
I can show you something that works for me that could work for you.
Charts and notes to follow over the next few days.
Your trade order needs to be in the right place at the right time.
  • #204
  • Jan 6, 2024 3:31am Jan 6, 2024 3:31am
Chart layout
Attached Image (click to enlarge)
Click to Enlarge Name: FF Chart layout.png Size: 23 KB
Your trade order needs to be in the right place at the right time.
  • #205
  • Jan 6, 2024 3:37am Jan 6, 2024 3:37am
Hi Traders,
On this chart I have plotted what I call Trading Zones. I use the rectangle tool for this. You should get the idea of why they are plotted like that but if you don't ask.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr Zones.png Size: 14 KB
Your trade order needs to be in the right place at the right time.
  • #206
  • Jan 6, 2024 3:47am Jan 6, 2024 3:47am
Hi Traders,
On this chart I have added a 50Ema and a 10Ema. I am not saying that you cannot make a good living from trading with moving averages or any other system posted on FF. I want to show you where I take the trade and how it affects your risk reward.
Attached Image (click to enlarge)
Click to Enlarge Name: FF Not how I trade.png Size: 18 KB
Your trade order needs to be in the right place at the right time.
  • #207
  • Jan 6, 2024 3:56am Jan 6, 2024 3:56am
Hi Traders.
On the following chart I have shown where I enter trades.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 05 01 24 Short on 30m Chart at 3.30.png Size: 25 KB
Your trade order needs to be in the right place at the right time.
  • #208
  • Jan 6, 2024 4:32am Jan 6, 2024 4:32am
Quoting Islandfx911
Hi Traders. On the following chart I have shown where I enter trades. {image}
So, you enter when there is a retest of the zone.
If I understand your chart correctly you enter after the close of the upward candle that tests the zone.
That - at least in my mind - means: one scenario is, of course, that price breaks through the zone and continues upwards.
That's why many price action traders - at least - wait for one clear downward candle-close before they'd enter a sell position.
(But I take it you have hundreds of forward test examples that tell you that you have an edge and the "early" entry is not a problem.)
  • #209
  • Jan 6, 2024 4:58am Jan 6, 2024 4:58am
Quoting josi
{quote} So, you enter when there is a retest of the zone. If I understand your chart correctly you enter after the close of the upward candle that tests the zone. That - at least in my mind - means: one scenario is, of course, that price breaks through the zone and continues upwards. That's why many price action traders - at least - wait for one clear downward candle-close before they'd enter a sell position. (But I take it you have hundreds of forward test examples that tell you that you have an edge and the "early" entry is not a problem.)
Hi Josi,
You are correct, I enter on the close of the bullish candle that has traded back to the sell zone. The blue candle must have a rejection wick. Many price action traders wait for a downward candle to get in because the brain associates the downward candle as being safe. What would you rather be a safe trader that makes 2R on a trade or learn how to trade like I do and have a TP of 7.5R. How many times can I get stopped out and still be in front compared to the safe trader?
I treat the buy / sell zones as brick walls I believe it takes effort to break through the brick wall, the market has moved or rejected that price for a reason. If I get stopped out I lose 1%, if I have win I have 7 free trades before I go into negative. Traders have been brainwashed into the 2R principle for so long that they see no other option.
You are probably thinking 7.5R is not possible but that would be your belief as apposed to mine.
Thanks for your post.
Your trade order needs to be in the right place at the right time.
  • #210
  • Jan 6, 2024 6:31am Jan 6, 2024 6:31am
Quoting Islandfx911
{quote}You are probably thinking 7.5R is not possible but that would be your belief as apposed to mine.
Thanks for your clear answer.
Ideally it shouldn't be your belief vs my belief (but your forward-test-results vs my belief).
All the best and keep up the detailed explanations.
  • #211
  • Jan 6, 2024 6:51am Jan 6, 2024 6:51am
Quoting mario777
{quote} the OP is using purely RBS and SBR.
what do your acronyms RBS and SBR stand for?

the OP just explained again in today's posts the way he trades and I see that already from his earlier posts.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #212
  • Jan 6, 2024 6:56am Jan 6, 2024 6:56am
Quoting Islandfx911
Hi Traders. On the following chart I have shown where I enter trades. {image}



open sell on the close of that M30 blue candle needs a lot of experience and great confidence of rules-based traders with many years of trading experience and have taken thousands of trades.

not for the faint-hearted and those without 'balls of steel" ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #213
  • Jan 6, 2024 11:24am Jan 6, 2024 11:24am
cointegration indicator

Attached File(s)
File Type: mq4 cointegration indicator.mq4   10 KB | 345 downloads



Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 40 KB
  • #214
  • Jan 6, 2024 3:40pm Jan 6, 2024 3:40pm
Quoting emmanuel7788
BTCUSD Jan03 - 'accumulation phase' then - push higher {image} ...
@emmanuel7788 . I like the beautiful indicator at the top of your chart showing the different sessions with the big red line indicating the exact time in the different trading session we are in. Could you share the indicator if possible if you don't mind?
  • #215
  • Edited 10:03pm Jan 6, 2024 9:20pm | Edited 10:03pm
Hi Traders,
On the chart below I have plotted the Trading Zones, these are High zones and Low zones of which are all Sell Zones.
I plot the Trading Zones as the session progresses. The Zones are all forms of either Support and Resistance / Supply and Demand.
Zone 2, the Low Zone is also The Trend Change Zone. When the trend change occurs the 1st pullback is the optimum place to enter a short trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Types of Zones.png Size: 19 KB


Next lets take a look at the candles in these zones for a suitable short entry. There are three possible short entries marked by arrows. Of these three I would possibly short zone 1 however zone 5 and 6 would be my selection due to the favorable upper wicks.
Please note I have used the 5m chart just to show you multiple zones. I rarely trade the 5m charts these days.
You will find great set ups on the 15m, 30m, 1hr and 4hr charts.
Attached Image (click to enlarge)
Click to Enlarge Name: Zone Rejection Candles.png Size: 16 KB


Zone 1 (5m chart) on the 1hr chart was a valid short.
Attached Image (click to enlarge)
Click to Enlarge Name: ff Zone 1 Short.png Size: 20 KB
Your trade order needs to be in the right place at the right time.
  • #216
  • Jan 7, 2024 12:17am Jan 7, 2024 12:17am
Quoting Islandfx911
Hi Traders, On the chart below I have plotted the Trading Zones, these are High zones and Low zones of which are all Sell Zones. I plot the Trading Zones as the session progresses. The Zones are all forms of either Support and Resistance / Supply and Demand. Zone 2, the Low Zone is also The Trend Change Zone. When the trend change occurs the 1st pullback is the optimum place to enter a short trade. {image} Next lets take a look at the candles in these zones for a suitable short entry. There are three possible short entries marked by arrows. Of these...

hi Rob

Good reminder to do our weekend homework and prepare for next week.

AU Week02 Jan 08 to 12 Intraday trading

Looking at your AU H1 chart, I have several zones of interest where to trade. Intraday we there are both buy and sell potential.

Noted the GAP after last Friday' NFP and the Chicago open session made big move in USD.

We will probably see that GAP being filled next week.

Longer term position trade will be buy zone below 6700 and down to 6640, noting the Monthly is bullish bias but we need to look at the 4.Q GDP and corporate earnings.

Attached Image (click to enlarge)
Click to Enlarge Name: IslandFX AU H1 chart 7-1-2024 12-36-01 pm.png Size: 21 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #217
  • Edited 12:39am Jan 7, 2024 12:26am | Edited 12:39am
Hi Traders,
Why use line charts?
Line charts will give you a clear view of peaks, troughs and the trend change, you need nothing else.
In the candlestick chart can you see the obvious trade?
Attached Image (click to enlarge)
Click to Enlarge Name: ff Find the trade.png Size: 13 KB

Now have a look on the line chart you will see an impulse move up followed by a pullback
Attached Image (click to enlarge)
Click to Enlarge Name: ff Find the trade line chart.png Size: 13 KB

The trade details
Attached Image (click to enlarge)
Click to Enlarge Name: ff AU 05 01 24 Long on 15m Chart at 16.30.png Size: 15 KB
Your trade order needs to be in the right place at the right time.
  • #218
  • Edited 1:22am Jan 7, 2024 1:01am | Edited 1:22am
Quoting emmanuel7788
{quote} hi Rob Good reminder to do our weekend homework and prepare for next week. AU Week02 Jan 08 to 12 Intraday trading Looking at your AU H1 chart, I have several zones of interest where to trade. Intraday we there are both buy and sell potential. Noted the GAP after last Friday' NFP and the Chicago open session made big move in USD. We will probably see that GAP being filled next week. Longer term position trade will be buy zone below 6700 and down to 6640, noting the Monthly is bullish bias but we need to look at the 4.Q GDP and corporate...
Hi Em,
This is an excellent post that everyone should take note of.

This how I see things for AU. Nothing is certain though.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 08 01 24 Daily.png Size: 20 KB


There will probably be a gap down giving a good entry for the move up.
Attached Image (click to enlarge)
Click to Enlarge Name: AU proposed path.png Size: 14 KB
Your trade order needs to be in the right place at the right time.
  • #219
  • Edited 1:21am Jan 7, 2024 1:10am | Edited 1:21am
Hi Traders,
That's all for this weekend. I figure you have enough to keep the brain cells busy for a while.
I am looking forward to someone posting a 10R trade in the next few weeks.
Have a great trading week.
Regards
Rob

My chart for tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 08 01 24.png Size: 13 KB
Your trade order needs to be in the right place at the right time.
  • #220
  • Jan 7, 2024 5:19am Jan 7, 2024 5:19am
Ok, i like this and training line chart in view support and resistance. My favorite is replacalbe support and resistance. But i think this is good time, for trades in real time , because this topic is starting to get sugary like the others. Practically everything is correct and the money is pouring in Show me there dirt , Trading must be taken honestly. I see examples every day where the market gives a lot of false entries from your methodology.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Zrzut ekranu 2024-01-07 120622.png Size: 28 KB
Click to Enlarge Name: Zrzut ekranu 2024-01-07 120600.png Size: 40 KB
Click to Enlarge Name: Zrzut ekranu 2024-01-07 120527.png Size: 46 KB
Click to Enlarge Name: Zrzut ekranu 2024-01-07 120507.png Size: 31 KB
4 traders viewing now