No Indicator Trading System

Quoting mallee

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Just getting started mate. {image}

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Quoting Islandfx911

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Hi Traders, Chart is daily AU SR as I see it. We have had a tweezer bottom followed by a bullish thrust Candle. The path of least resistance is up. Will it go up when the market opens? I don't know. It does not take long to look at a few charts before market open, It is something that you should always do but remain open to change. {image}

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Quoting Islandfx911

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{quote} Hi M, As you have posted GJ, lets run through it from how I approach selecting a trade. The first chart that got my attention is the weekly. You can see that this is the second attempt at the high and it was broken followed by a sharp reversal The candle also closed inside the body of the prior swing high candle. I am thinking that GJ may head down this week {image} Daily Doji {image} 4hr Engulfing Candle {image} I don't know about you but it is kinda telling me something

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Quoting heispark

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Hi, Rob Nice thread with good information, thanks. IMHO, your entry looks pretty much aggressive. This should be ok if a few big winners can cover many small losses. Win ratio could matter in this case..... Personally, I prefer some confirmation such as clear breakout of structure,... etc.

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Quoting Islandfx911

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GJ continued So I have looked at weekly, Daily and 4hr and they are indicating that there will be some downward movement. However I would not rush in just yet. Looking at the lower time frames I think it still has a bit of fight left in it. As I am uncertain GJ gets rejected for now. I would like to see more negative price action before it gets put on my watch list. Lets see what tomorrow brings with this one.

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Quoting Mandariin

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{quote} Basically I use same idea but zigzag and price is hidden. AU is buy for me on Monday. Solid lines on weekly and dashed like on daily chart. Solid line 1st target, Dashed 2nd target. {image}

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Quoting M3K

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Hi Rob New to FX, just want to express my gratitude. Really appreciate you sharing this. Cheers

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Quoting Islandfx911

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Hi Traders, A tip for the days trading. Put notes on your chart before each trading day, use anything you can to be prepared. Trust me you won't like the feeling of missing a 7.5R trade. {image} Notes could be: Wait for impulse move then watch for pullback Waiting on price to close in zone Possible setup for Euro session

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Quoting Islandfx911

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Hi Traders, UJ is still my primary candidate for a short at this stage. It needs go down a bit further then I will be looking for a pullback entry. Tip: Never focus on one pair and build a belief about it. Always be flexible and willing to change in a second.

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Quoting emmanuel7788

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{quote} something going on in Tokyo this week, be prepared for the next big move ... last week ended with pull-back from 148.75 on Daily ... be careful with carry trade, there will be great amount of volatility your small stop loss cannot handle. {image} ...

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Quoting Islandfx911

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{quote} Hi Em, I always monitor news. I can handle the stops even a gap. One 7.5R win fixes everything. Thanks for the post. It is another note traders can add to their charts so it is staring right at them.

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