No Indicator Trading System

Quoting emmanuel7788

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UJ Feb28 - reject of Daily SnR

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Quoting emmanuel7788

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{quote} exited one trade and made a re-entry {image} {image}

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Quoting emmanuel7788

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GU Feb28 M15 London 6am - also a possibility @4Hr SnR 12662

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Quoting emmanuel7788

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{quote} GU Feb28 M15 London 7 am - another reaction at the next4Hr SnR 12656 - entry with small SL {image} ... {image}

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Quoting emmanuel7788

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{quote} GU M15 Line chart with Daily candles in background - will this help see the price action easier ? - seeing the M15 break the lows of Triple Daily Inside Bar candles {image} ...

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Quoting Mellifluous

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Nice 4R trade on GU this morning {image} {image}

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Quoting emmanuel7788

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{quote} UJ Feb28 London 7am - FO open with dollar bulls - so we wait and see what the remaining 4Hr candle time will bring - wait until Asian and Tokyo markets are close - lots of orders to fill in GAP {image} ...

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Quoting emmanuel7788

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{quote} UJ Feb28 M15 UPDATE London 11am - price moved higher to the Daily SnR (red line ) - when the 4Hr candle closed, the setup candle M15 rejected the 4Hr SnR 150771 9(green line) - I missed the setup candle but jumped in on the next candle {image}

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Quoting Inthebox

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{quote} using multi time frames trading. q2. i prefer to see a clean chart every start of day. i use d1 and h4 in your example as my directional bias from the time you go to your computer and open a chart, the focus is on current market price. draw 2 lines closest to current market price, one support and one resistant in each time frame. so now you have 4 lines. where is price now relative to the above 4 lines that you had drawn? clean clear chart no multi lines to clutter my view. q1. using your m30 as entry chart. again the focus is on current...

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Quoting machiyara

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{quote} Thanks Inthebox for detailed explanation. I wanted to confirm that in your second picture you have drawn a few rectangles. These zones are marked from the line chart of 30m right?

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Quoting lolxhaha

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Sharing an AU trade i took during US open {image}

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Quoting machiyara

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{quote} Hi Lolxhaha Thanks for your reply. There is one thing bugging me, the chart you posted in the quoted post and also as seen throughout the thread, entry is taken in 30m or 15m and rectangle zones are also made in 30m so how does the lines of Daily or 4H help. Because if we drew zones directly to 30m and then look for entry in 30m would we really need to mark lines in HTF?

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Quoting lolxhaha

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Sharing a trade I took on EU during the london session earlier, Initial entry on the M30 got stop hunted. On HTFs, there was a clear rejection of the recent swing high. Found another M15 entry whilst it was falling and managed to catch the bulk of the move. Exited 70% of the trade at +4R, shifted SL to BE for the runner. {image} {image} {image} {image}

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Quoting Hanz99

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Not a great day my side down -2R. EURUSD Took a short on US session from what seemed a bullish rejection but stopped out few candles later for -1R. GBPUSD Took a short at London open which hit 2R. Short in the US session hit SL. Net +1R AUDUSD Took two long trades on bearish rejection candles during US and London, both hit SL. Net -2R I'm not quite sure what to make of today, was confident in my levels, perhaps I am forcing trades looking for that first 7R. Don't think I can accurately call the 123s either still. {image} {image} {image}

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Quoting emmanuel7788

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{quote} GU Feb28 where to exit? - a good trading task would be to protect what the market gave you - final exit is Daily SnR 126306 - but first I lock-in +5R and let the market decide {image} ...

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