No Indicator Trading System | Page 14 | 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

  • #261
  • Jan 11, 2024 6:32am Jan 11, 2024 6:32am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
  • #262
  • Jan 11, 2024 7:29am Jan 11, 2024 7:29am
Quoting JohanMarais
{image}
Thanks
Your trade order needs to be in the right place at the right time.
  • #263
  • Jan 11, 2024 5:31pm Jan 11, 2024 5:31pm
Quoting Islandfx911
{quote} Hi Em, Selling the close of a swing low is not part of my system as it rarely gives me the 7.5R target. I will only sell the bullish rejection candle and buy the bearish rejection candle. My system is similar to SnR but different. Regards Rob

hi Rob

How did you arrive at this 7.5R as target?

Is this base on your back-testing and real time trades statistics?

Reason I ask is my experience is anything between +2.5R and +5R for intraday trades is realistic and achievable.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #264
  • Jan 11, 2024 5:55pm Jan 11, 2024 5:55pm
Hi Islandfx911
I'm new to this and wanting to learn the way you draw SnR
But it confuse me , when i start to follow the step one by one
can i know why is there 3 line on top of the current price ?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
  • #265
  • Jan 11, 2024 7:47pm Jan 11, 2024 7:47pm
Quoting Joevern
Hi Islandfx911 I'm new to this and wanting to learn the way you draw SnR But it confuse me , when i start to follow the step one by one can i know why is there 3 line on top of the current price ? {image}
Hi Joevern,
The lines are lines of support and resistance from past price.
Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #266
  • Jan 11, 2024 9:26pm Jan 11, 2024 9:26pm
Hi Rob. Thanks for insights.Im in Australia too. Just trying out your method.
From the Eur/Usd on 4 hr line chart. Looks like a Bullish Bias. Looking for a pullback for a long.What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240112_152052_TradingView.jpg Size: 609 KB
  • #267
  • Jan 11, 2024 9:39pm Jan 11, 2024 9:39pm
On the 15 minute chart of Eur/Usd. If we have a bullish bias from the 4hr. Would Zone A or Zone B be realistic pullback? Just wondered how you see it? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240112_153515_TradingView.jpg Size: 529 KB
  • #268
  • Jan 11, 2024 9:50pm Jan 11, 2024 9:50pm
Quoting Islandfx911
{quote} Hi Joevern, The lines are lines of support and resistance from past price. Regards Rob
Thank you Rob ,
one more question is there any specifics rules on placing the lines ?
Because if i places line on all the pullbacks it would look like this
and there is a bunch of line out there @@
Am i doing this correctly ?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
  • #269
  • Jan 11, 2024 11:45pm Jan 11, 2024 11:45pm
Watching .......

USDCHF at London Open....
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2024.01.12_7h41m35s_023_2100258519 KeyToMarkets-Demo - Demo Account - Key to Markets G Size: 28 KB
  • #270
  • Edited 1:11am Jan 12, 2024 12:55am | Edited 1:11am
Hi Traders,
Today's Trade
Initial SL was 6Pts TP is +45
Now at Break even
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12 01 24 Short .png Size: 26 KB



Update: SL hit out for +1
Your trade order needs to be in the right place at the right time.
  • #271
  • Jan 12, 2024 3:28am Jan 12, 2024 3:28am
Hi Traders,
Here's one for you DAX traders.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX Live Trade.png Size: 25 KB

Trade is at break even
Have a great weekend
Your trade order needs to be in the right place at the right time.
  • #272
  • Jan 12, 2024 3:44am Jan 12, 2024 3:44am
Quoting emmanuel7788
{quote} hi Rob How did you arrive at this 7.5R as target? Is this base on your back-testing and real time trades statistics? Reason I ask is my experience is anything between +2.5R and +5R for intraday trades is realistic and achievable. ...
Hi Em,
+2.5R to 5R is great for intraday trades and have shown many times that it is achievable.
I have just worked out how to consistently get 7.5R.
Your trade order needs to be in the right place at the right time.
  • #273
  • Jan 12, 2024 3:47am Jan 12, 2024 3:47am
Quoting Islandfx911
Hi Traders, Today's Trade Initial SL was 6Pts TP is +45 Now at Break even {image} Update: SL hit out for +1

Good trade.

I got in much later as I waited for the re-test of the HTF swing SnR level.

My target is +2.5R average.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan12 sell reject candle12-1-2024 7-05-43 pm.png Size: 18 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #274
  • Jan 12, 2024 4:21am Jan 12, 2024 4:21am
Hi Traders,
Dax trade completed. 7.5R TP reached.

Attached Image (click to enlarge)
Click to Enlarge Name: Dax 7.5R TP Reached.png Size: 13 KB
Your trade order needs to be in the right place at the right time.
  • #275
  • Jan 12, 2024 10:15pm Jan 12, 2024 10:15pm
Hi Traders,
I will not be posting here anymore and have asked Twee to bin the thread and cancel my membership.
Hopefully some of you got something from my posts.

All the best with your trading.
Never give up ;-)
Rob
Your trade order needs to be in the right place at the right time.
  • #276
  • Jan 13, 2024 12:55am Jan 13, 2024 12:55am
Quoting Islandfx911
Hi Traders, I will not be posting here anymore and have asked Twee to bin the thread and cancel my membership. Hopefully some of you got something from my posts. All the best with your trading. Never give up ;-) Rob
Hi Rob,

What went wrong? we are trying to contribute to the best of our understanding of the system. No system is perfect but we are learning one or two things from your thread. Sad to hear you are leaving.
  • #277
  • Jan 13, 2024 1:06am Jan 13, 2024 1:06am
Hi Guys,
Just some health issues.
Your trade order needs to be in the right place at the right time.
  • #278
  • Jan 13, 2024 3:51am Jan 13, 2024 3:51am
Quoting Islandfx911
Hi Guys, Just some health issues.

Hi Rob,

I hope you are well soon

Our Health is our most important Asset

Regards Steve
  • #279
  • Jan 13, 2024 3:52am Jan 13, 2024 3:52am
Sorry, Please GET WELL soon this is a great and well informed thread.
  • #280
  • Jan 13, 2024 3:55am Jan 13, 2024 3:55am
Hello Island

So sorry to hear that your health issues, hinted at early in the thread, are such that you do not feel able/wish to continue posting here.

Please do not get the thread deleted - there is so much for us to learn by revisiting it and you have put so much into it. Do not let it go to waste.

It has been extremely helpful, and the style with which you have dealt with the detractors has brought a smile to my face.

I wish you all the very best

David
8 traders viewing now