No Indicator Trading System | Page 48 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/JPY, EUR/JPY, AUD/USD

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

HYBRID: trading system within a trading system 31 replies

WatchMyZone trading system - WMZ system 7 replies

Day Trading system - Simple system to make money 51 replies

Trapping System: Way to Fully-Automated Trading System 47 replies

Attachments: No Indicator Trading System
Exit Attachments

No Indicator Trading System

  • #941
  • Feb 19, 2024 1:07am Feb 19, 2024 1:07am
Quoting emmanuel7788
{quote} BTC Feb15 UPDATE: - the rally continues - the next MN swing level is far away {image} ...

BTC Feb19 Frankfurt Open

- continue with buy in the direction of the HTF
- no rejection candle no problem just follow the small candle break high

Attached Image (click to enlarge)
Click to Enlarge Name: BTC Feb19 London Open buy 19-2-2024 3-01-36 pm.png Size: 23 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #942
  • Edited 2:46am Feb 19, 2024 2:34am | Edited 2:46am
Quoting fxpider
{quote} 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: 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) And, the setup with the rejection candle was at the HTF resistance. ( We cannot buy into the resistance) While that 4-hour candle was...
Hi fxpider,

Thank you for taking the time to post your questions. I am not too sure on the specifics of what you are asking, but let me try to address those which I can:

"thought process to incorporate the HTF S/R while taking the trade or forming a directional bias?"
I have attached several screenshots with annotations, please go through them and post further questions if you have any.
1st: Daily Line, 2nd: H4 Candle, 3rd: H4 Line, 4th M30 candle

Update: One thing I forgot to include, always ask yourself where is the 1-2-3 across the timeframes

"which takes precedence between HTF and LTF?"
Always prioritise HTF > LTF. Entries are spotted on lower timeframes (M30/M15) but biases tend to come from HTFs, they are there to inform you of where you may possibly want to look for/ exit trades / take partials. If you form biases over LTF you run the risk of entering trades based on noise rather than signal.

"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) And, the setup with the rejection candle was at the HTF resistance. ( We cannot buy into the resistance) While that 4-hour candle was still forming. (could have been a rejection candle @close)"
This portion of your question I do not fully understand, perhaps you can annotate on your chart given which area is referring to which part of the question, and I'll take them in a follow up post.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 44 KB
Click to Enlarge Name: screenshot.png Size: 32 KB
Click to Enlarge Name: screenshot.png Size: 38 KB
Click to Enlarge Name: screenshot.png Size: 57 KB
  • #943
  • Feb 19, 2024 2:44am Feb 19, 2024 2:44am
Quoting lolxhaha
{quote} ........... {image}
Thank you for the detailed answer.

I got the whole picture now. Well done.
Success = Practice + Patience + Persistence
  • #944
  • Feb 19, 2024 3:25am Feb 19, 2024 3:25am
Quoting Inthebox
{quote} i am looking for this pattern in ltf but it is not a A+ trade for ej. {image} {image}
ej sell.
the h1 pattern is there but not that pretty. also without the rest of the supporting factors.
the 1st entry was from m1.
one of my favorite. support and resistant continuation pattern. snrc.
learnt that from nora bystra.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #945
  • Feb 19, 2024 4:33am Feb 19, 2024 4:33am
Hi Traders,
Short GJ.
It is likely to hit Breakeven SL but thought I would post it anyway
Note: the support cluster. Keep an eye on them they are a good place to get in.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 19 02 24.png Size: 17 KB
Your trade order needs to be in the right place at the right time.
  • #946
  • Feb 19, 2024 6:03am Feb 19, 2024 6:03am
ny holiday will be difficult to trade.
i am looking for long only due to daily candle each hhhl.
slowly wait . no set up no trade.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #947
  • Feb 19, 2024 6:47am Feb 19, 2024 6:47am
Quoting turnip15
{quote} Thought I would have a go marking lines on 4 hour chart. I was looking left for touches of previous prices and carried them forward towards UK open on Monday? Comment welcome. {image} {image}
Monday UK time from 7am -8am looking for trades in a two hour, maybe three hour window.
Saw the line chart on 5 minute seemingly correspond to 4 hour and 15 minute with a possible long around the arrow ? Not a biggie though but thats probably me trying to use this approach.
Comments welcome but don't throw things at me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 133 KB
Click to Enlarge Name: Screenshot 2024-02-19 at 12.39.45.png Size: 118 KB
Click to Enlarge Name: Screenshot 2024-02-19 at 12.41.35.png Size: 160 KB
every Saint has a past. Every Sinner has a Future
  • #948
  • Feb 19, 2024 6:55am Feb 19, 2024 6:55am
Quoting turnip15
{quote} Monday UK time from 7am -8am looking for trades in a two hour, maybe three hour window. Saw the line chart on 5 minute seemingly correspond to 4 hour and 15 minute with a possible long around the arrow ? Not a biggie though but thats probably me trying to use this approach. Comments welcome but don't throw things at me {image} {image} {image}
Hi Turnip, may I ask how did the "s/r" line came about at the price which you marked the possible entry arrow?

Also, just a reminder to omit "MA" or any indicators from your charts in adherence to the thread rules. You may use them for your own trading, but do remember to turn them off before screenshotting your charts for posting here, thanks.
  • #949
  • Feb 19, 2024 6:58am Feb 19, 2024 6:58am
Quoting Inthebox
ny holiday will be difficult to trade. i am looking for long only due to daily candle each hhhl. slowly wait . no set up no trade. {image}
update for ny open.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #950
  • Feb 19, 2024 7:03am Feb 19, 2024 7:03am
Quoting lolxhaha
{quote} Hi Turnip, may I ask how did the "s/r" line came about at the price which you marked the possible entry arrow?
See my previous post ( could be wrong and willing to be corrected) POST 916
Also, just a reminder to omit "MA" or any indicators from your charts in adherence to the thread rules. You may use them for your own trading, but do remember to turn them off before screenshotting your charts for posting here, thanks.

Apologies - forgot in the excitement of thinking I had seized the golden egg
Seriously though: all constructive comment welcome.
every Saint has a past. Every Sinner has a Future
  • #951
  • Feb 19, 2024 7:26am Feb 19, 2024 7:26am
Quoting turnip15
{quote} Apologies - forgot in the excitement of thinking I had seized the golden egg Seriously though: all constructive comment welcome.
Yes, I have taken a look at your earlier post and there was 2 S/R lines drawn in the area of the price of the more recent post #947. The only conclusion I can come up with is you have added a new line (in yellow) presumably from the swing low between 10 - 14 Feb form your chart in post #916. If that is the case, do you mind adding the screenshot of the origin of the line? Without additional context, I can't really tell if your possible entry was valid or not through the lens of Rob's system.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
  • #952
  • Feb 19, 2024 7:58am Feb 19, 2024 7:58am
Quoting Inthebox
{quote} update for ny open. {image}
With NY on holiday today, the volatility is expected to be low. From statistics price tends to “slide” slowly in existing trend and break-reject for the first impulse move. It is more often in Monday morning (Asian “dead zone” as of Island’s term)

We hear about this in many terms, liquidity grab, trap, etc. that is what many people believe the market is taking liquidity to move.
  • #953
  • Feb 19, 2024 8:41am Feb 19, 2024 8:41am
Quoting tommydoginti
{quote} With NY on holiday today, the volatility is expected to be low. From statistics price tends to “slide” slowly in existing trend and break-reject for the first impulse move. It is more often in Monday morning (Asian “dead zone” as of Island’s term) We hear about this in many terms, liquidity grab, trap, etc. that is what many people believe the market is taking liquidity to move.
Looking at Island’s charts, entering at rejection candles, those wicks are often testing the further boundary of SR zones drawn by him, or even breached.

It is a bit like ITB’s QM pattern but trading the middle peak instead of waiting for the next one when the formation is across the SR zones.

Attached Image (click to enlarge)
Click to Enlarge Name: BA0DF0F2-9635-46A1-BD1A-6230C528287B.jpeg Size: 623 KB
  • #954
  • Feb 19, 2024 8:48am Feb 19, 2024 8:48am
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...
Hi Emmanuel,

You think something is unrealistic because you haven’t been able to do it yet.

Island’s high 7.5RR method, or high win rate ones, etc… a good strategy can turn out to be good growth over low risk

In your early posts on FF, you confessed you have been losing money for 12+ years.
You may think traders like us making profit in the first, or few years as unrealistic. On the other hand, we also see keeping failing for years (12+) in trading as unrealistic too. You cannot change the past so I don’t expect you to change your mind. But here we focus on getting to success, so you better cast your failure behind.

Here I quote Inthebox’s words.
“you sure have a lot of misconstrued assumptions you made on others.
why are you so bitter?
turn back, turn back before it is too late and fall into the dark pit.”

Good luck

FYI I studied BioMed in Chinese U of HK. In what reality you are in where I studied statistics in PolyUHK?

Attached Image (click to enlarge)
Click to Enlarge Name: CDB0A3CF-1CA1-4E15-BFEA-609808655CB4.jpeg Size: 255 KB
  • #955
  • Feb 19, 2024 8:58am Feb 19, 2024 8:58am
Quoting turnip15
{quote} Apologies - forgot in the excitement of thinking I had seized the golden egg Seriously though: all constructive comment welcome.
Afternoon possible off level trade ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-02-19 at 14.51.39.png Size: 79 KB
Click to Enlarge Name: Screenshot 2024-02-19 at 14.52.32.png Size: 91 KB
every Saint has a past. Every Sinner has a Future
  • #956
  • Feb 19, 2024 8:58am Feb 19, 2024 8:58am
just to clarify.
words quoted not from this thread.
https://www.forexfactory.com/thread/...4#post14759504
ITB - Seeing Orderliness amongst 'Randomness'
  • #957
  • Feb 19, 2024 9:01am Feb 19, 2024 9:01am
Quoting lolxhaha
{quote} Yes, I have taken a look at your earlier post and there was 2 S/R lines drawn in the area of the price of the more recent post #947. The only conclusion I can come up with is you have added a new line (in yellow) presumably from the swing low between 10 - 14 Feb form your chart in post #916. If that is the case, do you mind adding the screenshot of the origin of the line? Without additional context, I can't really tell if your possible entry was valid or not through the lens of Rob's system. {image}
Ah - I cannot draw a line from a point forward, meaning once I hit the "draw line" button it draws a horizontal way back from my starting point. Will look into this by playing with the drawing tools
every Saint has a past. Every Sinner has a Future
  • #958
  • Feb 19, 2024 9:11am Feb 19, 2024 9:11am
Quoting lolxhaha
{quote} Yes, I have taken a look at your earlier post and there was 2 S/R lines drawn in the area of the price of the more recent post #947. The only conclusion I can come up with is you have added a new line (in yellow) presumably from the swing low between 10 - 14 Feb form your chart in post #916. If that is the case, do you mind adding the screenshot of the origin of the line? Without additional context, I can't really tell if your possible entry was valid or not through the lens of Rob's system. {image}
Here we go. Hope this helps. 4 hour and 5 minute. (Left out in between for clarity)
See how the levels condense around the US Open 5 minute chart

I say US open as a figure of speech - The USA has a Bank Holiday today
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-02-19 at 15.07.28.png Size: 195 KB
Click to Enlarge Name: Screenshot 2024-02-19 at 15.09.51.png Size: 160 KB
every Saint has a past. Every Sinner has a Future
  • #959
  • Feb 19, 2024 9:36am Feb 19, 2024 9:36am
Quoting Inthebox
{quote} update for ny open. {image}
no set up. close for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #960
  • Feb 19, 2024 9:45am Feb 19, 2024 9:45am
GBP\JPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
Click to Enlarge Name: screenshot.png Size: 27 KB
9 traders viewing now