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No Indicator Trading System

  • #921
  • Feb 18, 2024 7:20pm Feb 18, 2024 7:20pm
Quoting emmanuel7788
{quote} @tommydog.... IF you have the trading skills and say 30+years experience to grow an account of $10,000 to $50,000, you need to take bigger risk. Your risk is not realistic took a few trades .... but when you study that over 1,000 trades you will learn the hard truth about taking risks. You studied statistics at Hong Kong polytechnic you should know what is the optimum sample size. Professional traders control risk and they are not afraid to take risks. The problem with small time retail traders like you is the FEAR and GREED emotions which...

AU Feb19 M15 New York 5PM Open

- for those who were fully awake , ... aka "early bird trade"

- then you would have got your +3R locked-in now

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #922
  • Feb 18, 2024 9:42pm Feb 18, 2024 9:42pm
gold
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ITB - Seeing Orderliness amongst 'Randomness'
  • #923
  • Feb 18, 2024 10:12pm Feb 18, 2024 10:12pm
Quoting Islandfx911
Hi Traders, Entering trades when no rejection has occurred. {image}
Good morning/afternoon/evening traders, relatively quiet start of the week for me.

Since we are well into the dead zone for the Asian session, just thought I'd provide an example of a trade entry which I have spotted where there isn't a clear rejection as shown in Rob's earlier post quoted above.

If you looked at Gold during the Tokyo session hours, you would have spotted one such entry on the M15. Of course, trade has to respect all system rules.
If you didn't take the entry on the M15, no worries because on the M30 there was a valid rejection candle as well, which was the one I took.

Regardless of which entry you took M15 or M30, either entries trades with would netted you a ~4R TP.

Don't feel bad if you didn't take the M15 entry, you would do very well if you can plan and execute the system with rejection candles alone as that should take up the majority of your trades.

I just thought it would be good to have more examples covering the quoted post.

I'll take a breather and come back during the London Session later.
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  • #924
  • Feb 18, 2024 10:16pm Feb 18, 2024 10:16pm
compare now and market open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #925
  • Feb 18, 2024 10:41pm Feb 18, 2024 10:41pm
Quoting Inthebox
compare now and market open. {image}
Been taking a look at your thread during some of my free time.

Speaking the engulf language here would be:

I spot potential engulf buy to engulf buy on H1 and M30 forming, but not on H4. Waiting for candle close for confirmation in case it turns into engulf fail
  • #926
  • Feb 18, 2024 10:56pm Feb 18, 2024 10:56pm
Quoting lolxhaha
{quote} Been taking a look at your thread during some of my free time. Speaking the engulf language here would be: I spot potential engulf buy to engulf buy on H1 and M30 forming, but not on H4. Waiting for candle close for confirmation in case it turns into engulf fail
take it slow.
if you were to see d1/w1 ........
ITB - Seeing Orderliness amongst 'Randomness'
  • #927
  • Feb 18, 2024 11:02pm Feb 18, 2024 11:02pm
Quoting Inthebox
{quote} take it slow. if you were to see d1/w1 ........
Yes upwards of H4, it is all eg fail with no retracement yet.
  • #928
  • Feb 18, 2024 11:09pm Feb 18, 2024 11:09pm
Quoting lolxhaha
{quote} Yes upwards of H4, it is all eg fail with no retracement yet.
i am looking for this pattern in ltf but it is not a A+ trade for ej.

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ITB - Seeing Orderliness amongst 'Randomness'
  • #929
  • Edited 11:32pm Feb 18, 2024 11:20pm | Edited 11:32pm
A more probable success path to trading without indicators

Question to self: Do I honestly make money trading ?

BTW: I have nothing to sell.
BTW: The reference to 'superstar' is facetious, we are not in cahoots to some kind of con.
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As 100% usual - silence or lame excuse.

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Question to self: Am I trading/investing or am I in a never ending games condition loop ?
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The full descriptive of the game Cops and Robbers delineates - ' There seem to be two distinctive types of habitual criminals: those who are in crime primarily for profit, and those who are in it primarily for the game - with a large group in between who can handle it either way.

 

  1. The "compulsive winner," the big money-maker whose Child really does not want to be caught, rarely is, according to reports; he is an untouchable, for whom the fix is always in. *
  2. The "compulsive loser," on the other hand, who is playing "Cops and Robbers" (C&R), seldom does very well financially.

* If a gang member shows too much interest in the game, to the point of jeopardizing the job, and particularly if his need to be caught begins to show, they (other gang members) will take drastic measures to prevent a recurrence.

The above two bullet point are reminiscent of the challenges facing traders.
The Game of Cops and Robbers includes gambling overtones; again, reminiscent of the challenges facing traders.

Further, ...

Full Posts: https://www.trade2win.com/threads/te...2#post-3257883
Charts: TradingView - http://www.tradingview.com/symbols/N...TSLA/forecast/

TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #930
  • Feb 18, 2024 11:31pm Feb 18, 2024 11:31pm
Quoting Phylo
Full Posts: https://www.trade2win.com/threads/te...2#post-3257883 Charts: TradingView - http://www.tradingview.com/symbols/N...TSLA/forecast/

https://www.forexfactory.com/thread/...1#post14760031
"Hi Traders,
Please respect my wishes.
No further talk about prop firms, indicators or risk, this is a distraction to those here to teach and assist you in learning this system.
You are wasting their time when they could be helping some one asking the right questions."

according to OP wishes, please only posts things concerning what this system is teaching.
ITB - Seeing Orderliness amongst 'Randomness'
  • #931
  • Edited Feb 19, 2024 12:05am Feb 18, 2024 11:43pm | Edited Feb 19, 2024 12:05am
Quoting Inthebox
{quote} https://www.forexfactory.com/thread/...1#post14760031 "Hi Traders, Please respect my wishes. No further talk about prop firms, indicators or risk, this is a distraction to those here to teach and assist you in learning this system. You are wasting their time when they could be helping some one asking the right questions." according to OP wishes, please only posts things concerning to what this system is teaching.
Prop Firm ?
Which part of this was missed >> BTW: I have nothing to sell.

BTW: Your submitted chart images are full of indicators.

Question to self: Do I honestly make money trading ? https://www.forexfactory.com/thread/...0#post14760750
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #932
  • Feb 18, 2024 11:54pm Feb 18, 2024 11:54pm
Quoting Inthebox
compare now and market open. {image}
update
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ITB - Seeing Orderliness amongst 'Randomness'
  • #933
  • Feb 18, 2024 11:59pm Feb 18, 2024 11:59pm
Quoting Phylo
{quote} Prop Firm ? Which part of this was missed >> BTW: I have nothing to sell. BTW: Your submitted chart images are full of indicators. Question to self: Do I honestly make money trading ?
that was referring to previous posts.
you got eyes cannot see what i highlighted is it?
post things concerning what is been taught in this thread.
what talking you? what indicators are you talking about? rsi? macd? stochastic? bollinger bands?
they are lines, lines, lines, still cannot see lines is it?
only prove that you don't even look at post #1
you can focus on your own question only to yourself.
don't even have an iota of interest in that.
people here are already making money.
ITB - Seeing Orderliness amongst 'Randomness'
  • #934
  • Edited 12:41am Feb 19, 2024 12:12am | Edited 12:41am
Quoting Inthebox
{quote} that was referring to previous posts. you got eyes cannot see what i highlighted is it? post things concerning what is been taught in this thread. what talking you? what indicators are you talking about? rsi? macd? stochastic? bollinger bands? they are lines, lines, lines, still cannot see lines is it? only prove that you don't even look at post #1 you can focus on your own question only to yourself. don't even have an iota of interest in that. people here are already making money.

Example of a chart without indicators - anything added is an indicator.
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BTW - TradingView is a free online charting service not a Prop Firm
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Question to self: Do I honestly make money trading ?
BTW: I have nothing to sell.
https://www.forexfactory.com/thread/...0#post14760750
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #935
  • Feb 19, 2024 12:26am Feb 19, 2024 12:26am
oh gosh. speechless.
you win, you win.
let you win
ITB - Seeing Orderliness amongst 'Randomness'
  • #936
  • Feb 19, 2024 12:35am Feb 19, 2024 12:35am
Quoting lolxhaha
{quote}........ entry on the M15. Of course, trade has to respect all system rules. If you didn't take the entry on the M15, no worries because on the M30 there was a valid rejection candle as well, which was the one I took. Regardless of which entry you took M15 or M30, either entries trades with would netted you a ~4R TP. ...........
Hi,
Nice trade, however, could you please elaborate on your thought process to incorporate the HTF S/R while taking the trade or forming a directional bias? and which takes precedence between HTF and LTF?

The observations (confusions) that stopped me from taking the trade are:

  1. The LTF bullish move before the market OPEN and the approaching HTF resistance. (a possible move to the POI to fill the PRO's orders)
  2. And, the setup with the rejection candle was at the HTF resistance. ( We cannot buy into the resistance)
  3. While that 4-hour candle was still forming. (could have been a rejection candle @close)


Thanks.

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Success = Practice + Patience + Persistence
  • #937
  • Edited 1:12am Feb 19, 2024 12:36am | Edited 1:12am
Quoting Inthebox
oh gosh. speechless. you win, you win. let you win
Wonderful - now take some time out dear https://www.forexfactory.com/thread/...6#post14759436

BTW: I have nothing to sell.
Question to self: Do I honestly make money trading ? https://www.forexfactory.com/thread/...0#post14760750
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #938
  • Feb 19, 2024 12:37am Feb 19, 2024 12:37am
Quoting Inthebox
{quote} update {image}
some reaction here.
coming to frankfurt open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #939
  • Feb 19, 2024 12:40am Feb 19, 2024 12:40am
Quoting Phylo
{quote} Wonderful - now take some time out dear https://www.forexfactory.com/thread/...6#post14759436
no time for you lah. don't see that i am sleeping ah. why disturb disturb?
why you always cannot see one? better go check check ok.
this is ai automatic reply while i sleep.
ITB - Seeing Orderliness amongst 'Randomness'
  • #940
  • Feb 19, 2024 1:02am Feb 19, 2024 1:02am
I'm totally paper trading this one to see how it shakes out! Seems like a promising opportunity worth diving into. And the H4 resistance level? It's up there, chilling above the chart, waiting for price to arrive.
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