No Indicator Trading System

Quoting emmanuel7788

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{quote} hi Rob, I think it is possible to make one million dollars in one trading year. ... however we need to start with $500,000 and in about 1000 trades ... risk to reward 1 to 7.5 {image} ...

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Quoting lynnc

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{quote}Surely it depends entirely how you trade. If you take it week by week assuming you get 2 trades right a week and 3 trades wrong at 1% risk that is an average of 12% weekly and in that case you would go from $5,000 to $1,000,000 in less than a year.

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Quoting emmanuel7788

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{quote} lets see how many millionaires in the next 12 months starting next week. I take maximum 6 trades per Daily with pending orders. {image} ...

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Quoting Mellifluous

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{quote} Hello Islandfx, the first trade AU looks like that one were possibly held for a few hours - is there anything to help with confidence in holding for this length of time? thanks

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Quoting lynnc

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{quote}Surely if you have pending orders you won't have seen whether there is a rejection candle or not.

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Quoting Islandfx911

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{quote} Hi M, When I place a trade I am following my trading system entry rule, I have no idea how long it will take to hit SL or TP. This particular trade was about 12 - 13hrs. The confidence in holding a trade comes from believing in your trading system. You should be able to place a trade and forget about it. You have to remember that I target 7.5R TP with a 1R SL You can throw trades at me all day, I love it. I will posts my charts prior to tomorrows open with likely entries. Why don't all of you put a 0.01 lot trade on with a 15pt SL and 7.5TP....

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Quoting lynnc

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{quote}Surely if you have pending orders you won't have seen whether there is a rejection candle or not.

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Quoting emmanuel7788

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{quote} https://www.forexfactory.com/thread/...7#post14741877 {image}

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Quoting Tazba

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what do you thing about it? is it ok? thanks. I know I have to wait for the market to open, but I'm preparing {image}

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Quoting Islandfx911

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Hi Traders, I'll get started on chart analysis ready for tomorrow. Weekly chart showing SR {image} What are these charts telling you? {image} Next 4hr. Price dropped sharply after News and stopped at support {image} So we have put together some analysis on AU. Now comes the important part and I want you to pay special attention to what I have to say. In the morning I have not got a clue what the market is going to do as none of you do. So in my great wisdom I give you the following advice. If you get a Buy signal, Buy it. If you get a Sell signal,...

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Quoting Islandfx911

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{quote} Salut T, je n'ai plus de dettes depuis plusieurs années, il n'y a pas de meilleur sentiment. Cependant, l'argent ne me sert plus à rien et malheureusement, 60 ans, c'est quelque chose que je ne verrai pas. Vous avez raison de conseiller les débutants. « Allez-y doucement et traitez-le comme une affaire à long terme » Tout ce que j'espère maintenant, c'est d'enseigner ce système à une poignée de commerçants qui feront avancer les choses ici. Je veux savoir que j'ai fait du bien ici.

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Quoting lolxhaha

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{quote} Hi Rob, noticed that you only have 3 lines per timeframe for the higher timeframes (weekly, daily, 4 hrs). Is that a rule in the system, or is it based on what you see from the line charts for that particular pair, I have more than 3 lines usually across all timeframes and I realised it might hinder decision making in a bid to capture more signals based on what the chart is telling me. Is there a recommended limit on the number of levels for the various timeframes to prevent over-charting? (more noise than signals, leading to confusion when...

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Quoting lolxhaha

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{quote} Hi Rob, noticed that you only have 3 lines per timeframe for the higher timeframes (weekly, daily, 4 hrs). Is that a rule in the system, or is it based on what you see from the line charts for that particular pair, I have more than 3 lines usually across all timeframes and I realised it might hinder decision making in a bid to capture more signals based on what the chart is telling me. Is there a recommended limit on the number of levels for the various timeframes to prevent over-charting? (more noise than signals, leading to confusion when...

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