No Indicator Trading System | Page 19 | 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

  • #361
  • Jan 21, 2024 7:17pm Jan 21, 2024 7:17pm
Quoting emmanuel7788
{quote} hi Rob You are right about 7.5R. I did some quick back-test over the weekend with my strategy tester. Same live data Jan 2023 to Jan19 2024. Same candle entry, different exits, +2R, +5R and +7.5R. Results: {image} {image} {image} ...
Hi Em,
I wish it had taken me a weekend to work that out I had to do it manually.
I am please that you have shown this as it will help others move forward with their trading.

Thanks
Your trade order needs to be in the right place at the right time.
  • #362
  • Jan 21, 2024 7:32pm Jan 21, 2024 7:32pm
Hi Traders,
Just one hurdle to get through, if not a +1 trade.
These are the system rules. If I move the SL down I increase the risk of stop out.
Lets see how it pans out.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 22 01 24 Hurdle.png Size: 17 KB
Your trade order needs to be in the right place at the right time.
  • #363
  • Jan 21, 2024 8:17pm Jan 21, 2024 8:17pm
according to the pairs mentioned above.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
Click to Enlarge Name: screenshot.png Size: 8 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #364
  • Jan 21, 2024 9:03pm Jan 21, 2024 9:03pm
Quoting Inthebox
according to the pairs mentioned above. {image} {image}
That is an amazing thing to see.
You are the trader to watch for the future.
Very well done


Just want to add that was a difficult trade to spot.
Your trade order needs to be in the right place at the right time.
  • #365
  • Jan 21, 2024 10:58pm Jan 21, 2024 10:58pm
Hi Traders,
I want to discuss The Dead Zone. The dead zone is not a place where they send traders that don't follow their system rules although sounds like a good idea.
The Dead Zone is the time when the market open activity has slowed. The market open activity lasts for approximately 1.5Hrs and then you will get periods of the market drifting, usually stop hunting to take out the weak traders.
Unless your strategy is to stop hunt and accumulate you should never place trades during the Dead Zone.
Trading takes a lot of discipline, that is why you must have a plan and stick to it.
If you miss a trade during the opens, you have missed it so let it go. Do not try to place trades while the market is drifting, it will be the end of your trading career.
Your trade order needs to be in the right place at the right time.
  • #366
  • Edited 2:23am Jan 22, 2024 2:08am | Edited 2:23am
Hi Traders,
My UJ trade short from this morning was stopped out at +1.
I am currently long UJ currently at +1
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 22 01 24 Long 30m Chart.png Size: 27 KB


Not sure how's things will go with this one, I just liked the setup.

Update: Out for +1
Your trade order needs to be in the right place at the right time.
  • #367
  • Jan 22, 2024 2:40am Jan 22, 2024 2:40am
Hi Rob, thanks for sharing your system and trying to teach us. Looking for the resistances and supports in line chart was something I never did and I find it very good.
Attached Image (click to enlarge)
Click to Enlarge Name: Capturaeu.JPG Size: 103 KB
  • #368
  • Jan 22, 2024 3:37am Jan 22, 2024 3:37am
Quoting Nortal
Hi Rob, thanks for sharing your system and trying to teach us. Looking for the resistances and supports in line chart was something I never did and I find it very good. {image}
Hi N,
Glad you like what you see. Let me know if I can help you with anything.
Your trade order needs to be in the right place at the right time.
  • #369
  • Jan 22, 2024 3:41am Jan 22, 2024 3:41am
Hi Traders,
Got messed around a bit on UJ today but no damage.
I am currently short from 128.27 with SL at 148.21 +6
Entry was based on retest of Resistance in a down trend.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 22 01 24 Short Euro Session.png Size: 15 KB
Your trade order needs to be in the right place at the right time.
  • #370
  • Jan 22, 2024 4:45am Jan 22, 2024 4:45am
The previous one in 4H jumped the stop with BE+1 although it is still valid.
I re-entered this time at M30 on the retest and it is already at BE looking for 7R.
Attached Image (click to enlarge)
Click to Enlarge Name: Capturaeu1.JPG Size: 128 KB
  • #371
  • Edited 7:30pm Jan 22, 2024 10:48am | Edited 7:30pm
What is going on ?? 8 hrs ago I posted the comment below referring to a chart that was posted directly above. Now that chart is missing, with a different post taking it's post #. One side of the post had a line chart which I commented on below. The other side had the identical but a candlestick chart.

{image}
Just wanted to point out something on the line chart above . The blue arrow at the upper left. Points to a price formation that I like to see. Another trader who uses both line and candlestick charts calls the line pattern a Quasimodo.. In a down move there is a high then a lower high and then a drop.
When I use a line chart this is one of the patterns I look for... entry on the crossing of the low between the high and the lower high. The pattern shows up in the opposite direction at the lower blue arrow. Much easier (for me) to see on a line chart.
  • #372
  • Jan 22, 2024 12:26pm Jan 22, 2024 12:26pm
Quoting Islandfx911
Hi Traders, Just one hurdle to get through, if not a +1 trade. These are the system rules. If I move the SL down I increase the risk of stop out. Lets see how it pans out. {image}
Hi Rob, I wanted to text you to talk about this supply and demand transaction a bit and it's quite interesting that we have a few things in common. It's a pity you didn't leave it in message mode. See you soon.
  • #373
  • Jan 22, 2024 1:01pm Jan 22, 2024 1:01pm
Quoting Islandfx911
{quote} Hi Eprst, I spend 1hr - 1.5hrs a day trading of which all is needed to trade this system. The Asian session starts for me at 8.00am and goes through to 9.30am after that my trading is finished for the session / sometimes the day. After 9.30am the market activity drops right off. The same occurs at Euro session and the US session. There are 1.5hrs of activity at each market open then it goes quiet unless there is Red news out. In regards to indicators. Lets start with a blank 1hr candlestick chart and you put a 21EMA on it, the market starts...


mind changing
  • #374
  • Jan 22, 2024 6:07pm Jan 22, 2024 6:07pm
XAU Jan23

H4
- levels seen on Weekly (orange lines)
- recent H4 levels (green lines)

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jan23 H4 w Weekly SnR 23-1-2024 7-45-54 am.png Size: 18 KB

m30
- will be looking for the rejection candle with long wick

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jan23 m30 w H4 SnR 23-1-2024 7-46-30 am.png Size: 17 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #375
  • Jan 22, 2024 7:26pm Jan 22, 2024 7:26pm
Quoting emmanuel7788
XAU Jan23 H4 - levels seen on Weekly (orange lines) - recent H4 levels (green lines) {image} m30 - will be looking for the rejection candle with long wick {image} ...
Hi E! Nice to meet you here! XAUUSD from my screen.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 16 KB
  • #376
  • Jan 22, 2024 8:25pm Jan 22, 2024 8:25pm
Quoting koka.azzar
{quote} Hi E! Nice to meet you here! XAUUSD from my screen. {image}


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #377
  • Jan 22, 2024 8:26pm Jan 22, 2024 8:26pm
Quoting emmanuel7788
XAU Jan23 H4 - levels seen on Weekly (orange lines) - recent H4 levels (green lines) {image} m30 - will be looking for the rejection candle with long wick {image}
Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jan23 m30 w H4 SnR 23-1-2024 7-46-30 am.png Size: 17 KB



...

Nice!

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jan23 m30 puul-back canlde 23-1-2024 10-24-18 am.png Size: 18 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #378
  • Edited 11:36pm Jan 22, 2024 9:51pm | Edited 11:36pm
Quoting emmanuel7788
{quote} Nice! {image} ... {image}
Nice catch E TP1 hit 46 pips
Update TP2 hit
  • #379
  • Jan 22, 2024 11:48pm Jan 22, 2024 11:48pm
Orange lines D S&R
Blue 4hrs SR
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
Click to Enlarge Name: screenshot.png Size: 11 KB
  • #380
  • Jan 23, 2024 1:13am Jan 23, 2024 1:13am
Quoting emmanuel7788
{quote} Nice! {image} ... {image}

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jan23 m30 puul-back canlde 23-1-2024 10-24-18 am.png Size: 18 KB

XAU Jan23 m30

- exceeded my plan +5R

- I need a new tool to plot the 6R, 7R, 8R .... to +12R

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jan23 m30 exceeded 7.5R 23-1-2024 3-10-17 pm.png Size: 21 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
15 traders viewing now, 2 are registered:
Ukwezi
,
bandler