No Indicator Trading System

Quoting lolxhaha

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Re-visited the AU to see if I had missed any trades, there would have been two entries, one during the Sydney session and another during the London session. Why did I lean towards buys? I looked at the ADR of AU prior to the weekend and both entries closed below the ADR low. That was what I gleaned from the charts and the additional confluence I used to support my hypothesis. Both entries despite valid would have been stop outs, but we take it on our chin and move on. {image}

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Quoting Yasmine91

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I am very happy to have discovered this thread. Thank you very much to Rob for his big heart. I'm learning as I go here are some images I spotted with a late entry; I don't know if that's a good idea.{image} {image} {image} {image} {image} {image}

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Quoting lolxhaha

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{quote} I have plotted what would have been my entry candle and how I would set my SL from your third screenshot, with the assumption that your key levels were what I would have gotten via the weekly > daily > 4H >M30 drills adjusting the lines to better fit the lower time frames as you move your way down. Personally, I would note candles and SL zones on my chart, post them here and not enter if I didn't feel confident either in myself or the system. But with hindsight you can always revisit your candles and SL at the end of the day to see how it...

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Quoting Islandfx911

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{quote} Hi L, When I start my trading day I have a good look at charts but I always remain neutral on direction. This is because you may not get a signal until the open. I will show you how I prepare charts. {image} {image} As the day progresses you will have your levels established and ready to go. You can update the levels at key reversals through out the day. The important thing to take note of is ' How is price behaving prior to market open. Remember price gets pushed up and down prior to market opens to fill large positions. Some days you get...

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Quoting Nortal

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{quote} Do you have an established rule for moving the stop to BE, e.g. when 1:1 is reached? Thank you for your teachings, I know I will become a profitable operator Regards!

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Quoting Islandfx911

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{quote} Hi Y91, Glad you like the thread. Take your time to absorb all the information. Regards Rob

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Quoting Islandfx911

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{quote} Hi N, There is only one answer for that.... Experience. I like to set and forget as I have been taken out at breakeven only to see my 7.5R TP reached. For now leave your SL at -1R and let the trade play out. The 7.5R will take care of the stop outs I was stopped out on UJ, however I got back in with two lots. I do not feel comfortable moving to B/E yet so the SL stays at -10 for now

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Quoting Nortal

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{quote} I understand, thank you! It's one of the most complicated parts when operating looking for 7.5R. You know you are likely to have several stops before you reach it, but as old warren says: "The stock market is a device for transferring money from the impatient to the patient."

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Quoting Islandfx911

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{quote} Hi L, When I start my trading day I have a good look at charts but I always remain neutral on direction. This is because you may not get a signal until the open. I will show you how I prepare charts. {image} {image} As the day progresses you will have your levels established and ready to go. You can update the levels at key reversals through out the day. The important thing to take note of is ' How is price behaving prior to market open. Remember price gets pushed up and down prior to market opens to fill large positions. Some days you get...

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Quoting lolxhaha

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{quote} Brought up a different pair to practice what you shared with a screenshot. While I understand what was shared, I'm slightly confused with regards to these points: - How does the weekly > daily > 4hr > 30m charting process interweaves itself with the daily high low? Say I do the weekly > daily > 4hr > 30m, charting key levels before the start of a new week and do what you shared above before the start of each new day as the week progresses, do I keep my daily > 4hr > 30m levels charted prior to the start of the week, or are they "overwritten"...

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Quoting Yasmine91

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I missed this entry since my order was not triggered{image} {image}

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Quoting luckytujuh

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Very nice to see naked trading using line chart. Used to do that, always miss my entries because line doesnt involves any wick.

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Quoting sonicvista12

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{quote} Salut Yasmine91, merci pour vos messages. Vous comprenez déjà très bien la méthode d'Islandfx911. Je ne suis ni enseignant ni mentor, mais puis-je faire quelques observations sur votre ordre limité ? C'est facile avec le recul, je sais, mais on dit que le recul construit la prévoyance... Quoi qu'il en soit, j'ai dessiné la zone de support/résistance sur le graphique de 30 minutes telle que je la vois, en utilisant des points d'oscillation vers la gauche (voir mes graphiques ci-joints). De plus, les mèches inférieures juste avant la forte...

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Quoting lolxhaha

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{quote} Brought up a different pair to practice what you shared with a screenshot. While I understand what was shared, I'm slightly confused with regards to these points: - How does the weekly > daily > 4hr > 30m charting process interweaves itself with the daily high low? Say I do the weekly > daily > 4hr > 30m, charting key levels before the start of a new week and do what you shared above before the start of each new day as the week progresses, do I keep my daily > 4hr > 30m levels charted prior to the start of the week, or are they "overwritten"...

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Quoting Islandfx911

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Hi Traders, Entering trades when no rejection has occurred. {image}

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