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No Indicator Trading System

  • #381
  • Jan 23, 2024 1:16am Jan 23, 2024 1:16am
Hi Traders,
Just a chart for observation. AU Daily S/R
Attached Image (click to enlarge)
Click to Enlarge Name: AU 23 01 24 Daily.png Size: 18 KB
Your trade order needs to be in the right place at the right time.
  • #382
  • Jan 23, 2024 1:45am Jan 23, 2024 1:45am
Quoting Islandfx911
Hi Traders, Just a chart for observation. AU Daily S/R {image}
let's see if the 4H support holds.

Attached Image (click to enlarge)
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Success = Practice + Patience + Persistence
  • #383
  • Jan 23, 2024 1:51am Jan 23, 2024 1:51am
I was thinking more like this. Could be wrong. Just to monitor, it may go up further and then my outlook will change
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Click to Enlarge Name: AU Daily.png Size: 14 KB
Your trade order needs to be in the right place at the right time.
  • #384
  • Jan 23, 2024 1:52am Jan 23, 2024 1:52am
watching
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ITB - Seeing Orderliness amongst 'Randomness'
  • #385
  • Jan 23, 2024 2:18am Jan 23, 2024 2:18am
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Your trade order needs to be in the right place at the right time.
  • #386
  • Jan 23, 2024 3:08am Jan 23, 2024 3:08am
Quoting Inthebox
watching {image}
looking to buy around fib levels.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #387
  • Jan 23, 2024 4:51am Jan 23, 2024 4:51am
Hi Traders,
Making your own trading decisions.

I mentioned in an earlier post the story from Louise Bedford about creating a belief, reinforcing that belief and then destroying it in a matter of second.
Everyone makes mistakes, it is just a flaw that us humans have. Have you ever made your mind up about something and then a little voice inside you says "are you sure"
That little statement is so destructive it will destroy a solid trading plan.
Things you must do to remain focused.
You must be 100% confident in your trading system.
You have to block out external noise (Opinions of others)
You must stick to your trading plan.

If you get stopped out and you were following your trading plan this is the best outcome.
You must realize that you are an individual, there is not another person on this planet that is thinking the same as you, living the same as you or trading the same as you.
Trade and believe in your system
Your trade order needs to be in the right place at the right time.
  • #388
  • Jan 23, 2024 6:54am Jan 23, 2024 6:54am
Quoting fxpider
{quote} let's see if the 4H support holds. {image}
It did not hold. My bias is bearish now.

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Success = Practice + Patience + Persistence
  • #389
  • Jan 23, 2024 8:46am Jan 23, 2024 8:46am
Quoting Inthebox
{quote} looking to buy around fib levels. {image}
no loss stopped out.
was looking for high of day.
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Click to Enlarge Name: screenshot.png Size: 13 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #390
  • Jan 23, 2024 8:54am Jan 23, 2024 8:54am
Quoting fxpider
{quote} It did not hold. My bias is bearish now. {image}
Very sticky PA. I am out with 40+ pips. End of the day for me.

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Success = Practice + Patience + Persistence
  • #391
  • Jan 23, 2024 1:46pm Jan 23, 2024 1:46pm
This or next week it could be a place to buy.

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I might be wrong , I have been wrong before
  • #392
  • Jan 23, 2024 3:06pm Jan 23, 2024 3:06pm
Hi Islandfx911
does your system work on XAUUSD?
Thanks in advance
  • #393
  • Jan 23, 2024 4:35pm Jan 23, 2024 4:35pm
Quoting Inthebox
{quote} no loss stopped out. was looking for high of day. {image}
Hi Inthebox,
just looking at your AUDUSD M15 chart there, and noting how they use 25 pip 'boxes' to work the levels - your 0.79% fib level is also pretty much 0.6575; it then went up to 0.6600; then dropped nearly 50 pips to 0.6550-ish. I think AUDUSD is possibly the currency pair that respects the 25 pip 'boxes' / inside ranges the most ... and then on ltf the 12.5 pip increments, and so on...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD M15 23 JAN 2024 1.jpg Size: 206 KB
We don't see things as they are - we see things as we are.
  • #394
  • Jan 23, 2024 4:45pm Jan 23, 2024 4:45pm
Quoting EdresAryoubi
Hi Islandfx911 does your system work on XAUUSD? Thanks in advance
Hi E,
That is a great question and I know the answer to whether it works or not on XAUUSD

How about you do some back testing, then do a couple of weeks trading and post your results then you will have your answer.
Your trade order needs to be in the right place at the right time.
  • #395
  • Jan 23, 2024 4:50pm Jan 23, 2024 4:50pm
Quoting Islandfx911
Hi Traders, Making your own trading decisions. I mentioned in an earlier post the story from Louise Bedford about creating a belief, reinforcing that belief and then destroying it in a matter of second. Everyone makes mistakes, it is just a flaw that us humans have. Have you ever made your mind up about something and then a little voice inside you says "are you sure" That little statement is so destructive it will destroy a solid trading plan. Things you must do to remain focused. You must be 100% confident in your trading system. You have to block...
Hi islandfx911, fellow Aussie from Adelaide South Australia here,
I have recently discovered this thread via Inthebox who I follow and highly respect also, just want to say how much I've learnt from you both. I will contribute more when I gain more skill and confidence.
Meanwhile I wish you every strength and victory with your health.
Cheers
MantisClaw
We don't see things as they are - we see things as we are.
  • #396
  • Jan 23, 2024 5:07pm Jan 23, 2024 5:07pm
Hi Traders,
The following chart shows the 4hr trend. I prefer the 4hr time frame over other time frames as it works well with the 15m / 30m time frames.
The TCL is the Trend Change Line. As the market trades higher I move this line up. When the line is pierced with a strong impulse the first thing I do is wait for a pullback on the 15m / 30m charts. My view will be bearish until the TCL is breached by an impulse move and the I will wait for a pullback on the 15m / 30m charts. I do the occasional counter trend trade if price has moved a far enough distance from the trend line.
When in down trend always try to enter trades that are double tops and in an uptrend try to enter trades at double bottoms.

Attached Image (click to enlarge)
Click to Enlarge Name: 4hr Trend.png Size: 21 KB
Your trade order needs to be in the right place at the right time.
  • #397
  • Jan 23, 2024 5:25pm Jan 23, 2024 5:25pm
Quoting sonicvista12
{quote} Hi islandfx911, fellow Aussie from Adelaide South Australia here, I have recently discovered this thread via Inthebox who I follow and highly respect also, just want to say how much I've learnt from you both. I will contribute more when I gain more skill and confidence. Meanwhile I wish you every strength and victory with your health. Cheers MantisClaw
Hi MC,
I am glad you like this thread. I believe that if you were to take what you have in this thread and combine with ITB thread you would have an extremely powerful trading system that would set you up for life.
I will help as much as I can. The sooner your post charts and ask questions the sooner you start to get answers.

Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #398
  • Jan 23, 2024 5:41pm Jan 23, 2024 5:41pm
Quoting Islandfx911
{quote} Hi MC, I am glad you like this thread. I believe that if you were to take what you have in this thread and combine with ITB thread you would have an extremely powerful trading system that would set you up for life. I will help as much as I can. The sooner your post charts and ask questions the sooner you start to get answers. Regards Rob
Thanks Rob, I will certainly do that. I am planning on doing that this evening.
We don't see things as they are - we see things as we are.
  • #399
  • Jan 23, 2024 5:41pm Jan 23, 2024 5:41pm
Quoting Mandariin
This or next week it could be a place to buy. {image}
Hi M,
I have had a look at NZ weekly and I would not be surprised if NU traded lower down to support first before you get you buy signal.
Remember this is just my view. You must follow and trade your system.

Attached Image (click to enlarge)
Click to Enlarge Name: NZ Weekly.png Size: 21 KB
Your trade order needs to be in the right place at the right time.
  • #400
  • Jan 23, 2024 6:00pm Jan 23, 2024 6:00pm
Quoting sonicvista12
{quote} Hi Inthebox, just looking at your AUDUSD M15 chart there, and noting how they use 25 pip 'boxes' to work the levels - your 0.79% fib level is also pretty much 0.6575; it then went up to 0.6600; then dropped nearly 50 pips to 0.6550-ish. I think AUDUSD is possibly the currency pair that respects the 25 pip 'boxes' / inside ranges the most ... and then on ltf the 12.5 pip increments, and so on... {image}
Good observation on locations to enter trades.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 25 01 24 Shorts.png Size: 19 KB
Your trade order needs to be in the right place at the right time.
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