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No Indicator Trading System

  • #821
  • Feb 13, 2024 9:43pm Feb 13, 2024 9:43pm
Based on yesterday's market prices, this is the current price level. The question is whether these positions could be considered good options for making a trade.
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  • #822
  • Edited 1:17am Feb 14, 2024 12:24am | Edited 1:17am
Bagged a 7.5R with a GU long during today's Tokyo session, just exited the trade.

Note that this isn't an ideal pair to look at during the Asian session, but how the setup was identified is a good example for learning
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  • #823
  • Feb 14, 2024 1:35am Feb 14, 2024 1:35am
Hi Traders,
Just wanted to let you all know I have asked lolxhaha to look after this thread. He has shown the qualities needed to trade and teach my system.
His charts are easy to understand and you will learn all you need from them to master this system. 7.5R works, believe in this and you will become very wealthy, but always remember health is wealth and always put your family first. My short visit to the hospital a few days ago shortened the time I have left so don't be surprised if I stop posting one day. I will still post while I can.

Thanks lolxhaha for your help, keep up the good work
Your trade order needs to be in the right place at the right time.
  • #824
  • Feb 14, 2024 1:59am Feb 14, 2024 1:59am
Quoting Islandfx911
Hi Traders, Just wanted to let you all know I have asked lolxhaha to look after this thread. He has shown the qualities needed to trade and teach my system. His charts are easy to understand and you will learn all you need from them to master this system. 7.5R works, believe in this and you will become very wealthy, but always remember health is wealth and always put your family first. My short visit to the hospital a few days ago shortened the time I have left so don't be surprised if I stop posting one day. I will still post while I can. Thanks...
Hi Islandfx911

We are all grateful for everything you gave to this community. I just wish you a peaceful time, and thank you for your commitment.
  • #825
  • Feb 14, 2024 2:10am Feb 14, 2024 2:10am
Quoting Islandfx911
Hi Traders, Just wanted to let you all know I have asked lolxhaha to look after this thread. He has shown the qualities needed to trade and teach my system. His charts are easy to understand and you will learn all you need from them to master this system. 7.5R works, believe in this and you will become very wealthy, but always remember health is wealth and always put your family first. My short visit to the hospital a few days ago shortened the time I have left so don't be surprised if I stop posting one day. I will still post while I can. Thanks...
Thank you Rob for your kind words and for entrusting me with this responsibility. Grateful for the opportunity to continue the work you've started and to share your system with the trading community.

Deeply sorry to hear about your health challenges, we are all wishing you strength and comfort during this time. Your wisdom and guidance have been invaluable to all of us, and I am honoured to carry on your legacy in whatever capacity I can.

Will do my best to uphold the standards you've set and to support the community as you have. Your well-being is paramount, and I echo your sentiment about the importance of prioritizing health and family above all.

Our thoughts are with you and I will continue to cherish the knowledge and friendship we've shared.

Take care,
lolxhaha
  • #826
  • Feb 14, 2024 2:11am Feb 14, 2024 2:11am
Knowing when to break the rules. I hopped on the rides south with EU before market open as I could see the rejection candle was forming.
This you will get with experience.
Trade at breakeven.
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Your trade order needs to be in the right place at the right time.
  • #827
  • Feb 14, 2024 3:12am Feb 14, 2024 3:12am
The previous entry proved to be satisfactory, resulting in a yield of over 60 pips. The current question is whether this presents another viable opportunity to place a limit order.
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  • #828
  • Feb 14, 2024 3:23am Feb 14, 2024 3:23am
Quoting Islandfx911
Knowing when to break the rules. I hopped on the rides south with EU before market open as I could see the rejection candle was forming. This you will get with experience. Trade at breakeven. {image}

i took EURUSD short at M15 rejection candle. I was a little late with my entry... Demo Trading only, because its my first trade with this method...

Thankful for every feedback
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  • #829
  • Feb 14, 2024 3:27am Feb 14, 2024 3:27am
another possible entry maybe? Saw it too late
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  • #830
  • Feb 14, 2024 3:45am Feb 14, 2024 3:45am
Quoting AngryAces
another possible entry maybe? Saw it too late {image}
i got a question. In my previous post i saw a m30 short setup on GJ (hope is valid). Here we got a m15 long setup on EJ.

I think these charts should normaly correlate positive. Now we have conflicting signals. How do you decide which to take? Do you take both? Do you let them go?
Or am i too lazy with choosing the setups?

Ty in advance!
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  • #831
  • Feb 14, 2024 4:24am Feb 14, 2024 4:24am
Quoting AngryAces
{quote} i got a question. In my previous post i saw a m30 short setup on GJ (hope is valid). Here we got a m15 long setup on EJ. I think these charts should normaly correlate positive. Now we have conflicting signals. How do you decide which to take? Do you take both? Do you let them go? Or am i too lazy with choosing the setups? Ty in advance! {image}
when unclear in lower time frames direction, consult higher time frame direction.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #832
  • Feb 14, 2024 6:24am Feb 14, 2024 6:24am
Quoting Islandfx911
Hi Traders, Just wanted to let you all know I have asked lolxhaha to look after this thread. He has shown the qualities needed to trade and teach my system. His charts are easy to understand and you will learn all you need from them to master this system. 7.5R works, believe in this and you will become very wealthy, but always remember health is wealth and always put your family first. My short visit to the hospital a few days ago shortened the time I have left so don't be surprised if I stop posting one day. I will still post while I can. Thanks...
Dear Rob,
I discovered your thread just a few weeks ago, and your "No Indicator Trading System" was exactly what I was looking for. I already had a similar idea in my mind, but I still lacked a clear definition of the parameters and implementation. Although I am still on the way to becoming a profitable trader, your tips have helped me a lot. I am all the more moved and sad to hear about your poor health. I would have very much wished that you could have accompanied and supported us for many more years.
I would like to sincerely thank you for your support and sharing your strategy, and I wish you only the very best for your health and well-being.
Sincerely,
Gerd
  • #833
  • Feb 14, 2024 7:11am Feb 14, 2024 7:11am
Quoting AngryAces
{quote} i got a question. In my previous post i saw a m30 short setup on GJ (hope is valid). Here we got a m15 long setup on EJ. I think these charts should normaly correlate positive. Now we have conflicting signals. How do you decide which to take? Do you take both? Do you let them go? Or am i too lazy with choosing the setups? Ty in advance! {image}
When in doubt zoom out (HTF), if still in doubt, sit out.

Sometimes you see zones at M15, but when you move back to M30 the zone isn't there. I would say that you should still base your entries on M30 (recall the D1 > H4 > M30 exercise) and only look at M15 if the SL presented is too big for your risk tolerance. Personally I do not go any lower than M15 for my entries.

Alignment across timeframes is key part to the system shared, here's a helper chart Rob (IslandFX911) shared in an earlier post, always ask yourself where is the 1-2-3 in your charts. Only looking for entries at 3 is enough, notice how 3 is always a trend continuation.

"I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times."
Bruce Lee
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  • #834
  • Feb 14, 2024 7:43am Feb 14, 2024 7:43am
in GU (i just watch GU) we had two possibilities:

one on H1 (for the brave one before red news)
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and one on the m15
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trading is like dancing, don't think and just listen to the music!
  • #835
  • Feb 14, 2024 8:06am Feb 14, 2024 8:06am
Quoting lolxhaha
{quote} When in doubt zoom out (HTF), if still in doubt, sit out. Sometimes you see zones at M15, but when you move back to M30 the zone isn't there. I would say that you should still base your entries on M30 (recall the D1 > H4 > M30 exercise) and only look at M15 if the SL presented is too big for your risk tolerance. Personally I do not go any lower than M15 for my entries. Alignment across timeframes is key part to the system shared, here's a helper chart Rob (IslandFX911) shared in an earlier post, always ask yourself where is the 1-2-3 in...

What time zone is this ?
And is the set up just prior to, or just after market open ( not in middle of session for example)?
every Saint has a past. Every Sinner has a Future
  • #836
  • Feb 14, 2024 8:07am Feb 14, 2024 8:07am
US Session trades only after NY Stock open? so at 9:30am NY Time?
  • #837
  • Feb 14, 2024 8:07am Feb 14, 2024 8:07am
Quoting Inthebox
{quote} when unclear in lower time frames direction, consult higher time frame direction. {image}
Ah - just the chart I needed - thanks ITB
every Saint has a past. Every Sinner has a Future
  • #838
  • Feb 14, 2024 8:32am Feb 14, 2024 8:32am
Why this failed
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  • #839
  • Feb 14, 2024 8:46am Feb 14, 2024 8:46am
Ok here comes my stupid question, why do we need to mark off monthly weekly daily H4 etc S/R levels when we just waiting for these simple little S/R levels to be broken and retested ?
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  • #840
  • Feb 14, 2024 8:57am Feb 14, 2024 8:57am
Quoting majidmas
Why this failed {image}
didn't listen to big brother?
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ITB - Seeing Orderliness amongst 'Randomness'
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