No Indicator Trading System

Quoting Mellifluous

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{quote} Thank you ITB, GU or GJ. I think I understand the pics a 1H 123 with a LTF 123 then there are 1H 123s prior to that one for buys. So if I was using that way to identify the trend, how would I know when to stop looking for buys and look for sells? And also - I guess you can combine your timeframes so using 1H with 5m for example or 4H with 15m ect. Many thanks

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Quoting Inthebox

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{quote} So if I was using that way to identify the trend, how would I know when to stop looking for buys and look for sells? why do you want to trade both ways? you only get yourself distracted. be single minded. focus only on the high probability trade. only trade one direction. you trade the direction of higher time frame. then there are 1H 123s prior to that one for buys. why look at so many? when market open, analyze the one that is most relevant and nearest to the current market price. look at my charts. i have only one line in each time frame....

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Quoting Mellifluous

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{quote} Understood thank you. You have an arrow there on the m15 after d1, h1 and m15 became support, how do you see the LTF 123 for entry please?

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Quoting Inthebox

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{quote} So if I was using that way to identify the trend, how would I know when to stop looking for buys and look for sells? why do you want to trade both ways? you only get yourself distracted. be single minded. focus only on the high probability trade. only trade one direction. you trade the direction of higher time frame. then there are 1H 123s prior to that one for buys. why look at so many? when market open, analyze the one that is most relevant and nearest to the current market price. look at my charts. i have only one line in each time frame....

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Quoting Inthebox

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{quote} m15 candle close above support. the next candle lower wick tested the support and closed above it.

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Quoting Inthebox

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{quote} So if I was using that way to identify the trend, how would I know when to stop looking for buys and look for sells? why do you want to trade both ways? you only get yourself distracted. be single minded. focus only on the high probability trade. only trade one direction. you trade the direction of higher time frame. then there are 1H 123s prior to that one for buys. why look at so many? when market open, analyze the one that is most relevant and nearest to the current market price. look at my charts. i have only one line in each time frame....

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Quoting Senku94

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{quote} What is the correct way to draw lines? And when going down to ltf, do I need to adjust the line to match the ltf?

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Quoting emmanuel7788

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{quote} There is no correct way to draw lines and use them as support and resistance. Use the most effective approach and use that approach consistently when you develop your own winning trading system. Start with the basics explained in the links below and develop from there. https://www.forexfactory.com/thread/...7#post10464957 https://youtu.be/bQy71i4MtSQ ...

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Quoting Shah-Baba

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{quote} Hello Islandfx911, I need guidance regarding Stop Loss. I mean where one should place the SL when we enter into a trade especially in Gold and Crude. I have some understanding of RRR but it is difficult to practice due to emotional reasons / preferential bias.

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Quoting Senku94

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{quote} Wait for the price to reach the H4 support zone Is it necessary to Adjust the lines {image}

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Quoting emmanuel7788

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AJ Apr10 M30 Support and Resistance Tokyo 11am - there are no Weekly and Daily SnR where price is now - more focus on the H4 and H1 SnR levels - today would be to pick a setup with small SL 10pips maximum - can be a deep correction today for possible sell trade - otherwise take only the buy setups {image} ...

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Quoting Mellifluous

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{quote} Hi ITH, So for friday, as an example with trying to figure the HTF trend - would you have been looking for sells since thursdays candle closed below resistance? {image} {image}

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Quoting emmanuel7788

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{quote} hi @Shah-Baba You can learn a lot from the OP' posts and example. For example post #1274 M30 chart. https://www.forexfactory.com/thread/...4#post14789274 If you post some example of your Gold and Crude M30 charts, we can discuss this important topic of Stop Loss placement and hos to use trade Position Sizing. We need to consider the volatility of these non-forex pairs. Learn more here: https://www.forexpeacearmy.com/forex...op-loss-orders ...

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