{quote} Q. Is this the "No Indicator Trading System? A. YES. You can see my chart has no indicators. https://www.forexfactory.com/thread/...5#post14891485 {image} ...
- #1,681
- Jun 6, 2024 9:27am Jun 6, 2024 9:27am
- #1,682
- Jun 6, 2024 9:48am Jun 6, 2024 9:48am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} I see that, BUT, I don't see your entries off the line charts. He uses line charts for his entries.
https://www.forexfactory.com/thread/...2#post14859472
Line chart is Close price.
You need to see the rejection candle ... post#698
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,683
- Jun 6, 2024 10:37am Jun 6, 2024 10:37am
{quote} No. Rob does not use line chart for entries. https://www.forexfactory.com/thread/...2#post14859472 {image} Line chart is Close price. You need to see the rejection candle ... post#698 {image} ...
- #1,684
- Jun 6, 2024 8:45pm Jun 6, 2024 8:45pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} Oh, ok, I stand corrected. Thanks for pointing that out, much appreciated.
here is my AC H4 chart - Candlesticks and Line chart
the H4 Line is to show the swing highs and swing low ... the H4 SnR levels of the H4 Candle Close price,
next, drop down to H1 timeframe and do the same ... plot the H1 SnR
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,685
- Jun 6, 2024 9:50pm Jun 6, 2024 9:50pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} here is my AC H4 chart - Candlesticks and Line chart the H4 Line is to show the swing highs and swing low ... the H4 SnR levels of the H4 Candle Close price, {image} next, drop down to H1 timeframe and do the same ... plot the H1 SnR
...
with the H4 SnR levels, I can now look at M15 for trades ... impulse move and pullback , 123, etc.
M15 Jun07 with H4 candle in background, the H4 candles will show where the H4 Close Line chart SnR,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,686
- Jun 7, 2024 3:10am Jun 7, 2024 3:10am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} with the H4 SnR levels, I can now look at M15 for trades ... impulse move and pullback , 123, etc. M15 Jun07 with H4 candle in background, the H4 candles will show where the H4 Close Line chart SnR, {image} ... {image}
today I was sleeping again... after Friday' lunch
AC M15 Line chart with H1 'rejection; candle
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,687
- Jun 7, 2024 3:31am Jun 7, 2024 3:31am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} today I was sleeping again... after Friday' lunch AC M15 Line chart with H1 'rejection; candle {image} ...
IF I had taken that H1 'rejection' candle,
the M15 charts would look like this:
1) AC M15 Candlestick chart
2) AC M15 Line chart
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,688
- Jun 7, 2024 7:41am Jun 7, 2024 7:41am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} IF I had taken that H1 'rejection' candle, the M15 charts would look like this: 1) AC M15 Candlestick chart {image}
2) AC M15 Line chart {image} ...
AC Jun07 M15 UPDATE:
- +5R is good
- +7R would be bonus
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,690
- Jun 7, 2024 8:50pm Jun 7, 2024 8:50pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
Where should i set my stoploss? I set it a little above the wick and it was hit. Everything here was perfect except for the stoploss. Can somebody tell me how you deal with this kind of situation {image}
look at your H1 SnR levels and you will see the 'reject' candle upper wick.
when you are trading the continuation of a price swing in trending market condition ... H4 > H1, then look at the H1 candle upper wicks for sell and lower wick for buy,...
follow the OP' post #1 and start with HTF Daily > H4 > H1/M30 ...and plot the SnR levels using the Line chart which is the Close price and you do not see the candle High price.
is this 18:00 candle the high of your H1?
you need to see the high of the setup candle
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,693
- Jun 8, 2024 7:03am Jun 8, 2024 7:03am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Hi Traders,
I'm not sure why this system does not do it for you. Totally baffled really.
After I stopped posting, a few of you have visited / posted here but mostly you have all disappeared. I have recently seen a thread called Third Candle Bounce that a few of you have taken interest which uses a similar principle to my system.
What I don't understand is how you cannot make $ with this system.
Maybe you are making good $ from this system but don't want to post.
Trust me, there is no magic indicator that will make trading work for you.
My system is SnR pullback trading, 123 Setups, Impulse / Pullback all during hours of increased market activity. They are easy to spot and profit from.
The market moves in waves, I am not a genius that has figured out all the secrets of the market.
I have not traded for some time now due to health and a recent death in the family but just wanted to post this chart for you all.
As always have a great weekend, tell your loved ones you love them and don't take life too serious.
Regards
Rob
I'm not sure why this system does not do it for you. Totally baffled really.
After I stopped posting, a few of you have visited / posted here but mostly you have all disappeared. I have recently seen a thread called Third Candle Bounce that a few of you have taken interest which uses a similar principle to my system.
What I don't understand is how you cannot make $ with this system.
Maybe you are making good $ from this system but don't want to post.
Trust me, there is no magic indicator that will make trading work for you.
My system is SnR pullback trading, 123 Setups, Impulse / Pullback all during hours of increased market activity. They are easy to spot and profit from.
The market moves in waves, I am not a genius that has figured out all the secrets of the market.
I have not traded for some time now due to health and a recent death in the family but just wanted to post this chart for you all.
As always have a great weekend, tell your loved ones you love them and don't take life too serious.
Regards
Rob
Your trade order needs to be in the right place at the right time.
- #1,695
- Jun 9, 2024 7:24am Jun 9, 2024 7:24am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #1,696
- Jun 9, 2024 8:25am Jun 9, 2024 8:25am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #1,698
- Edited 12:03pm Jun 9, 2024 11:46am | Edited 12:03pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #1,699
- Jun 9, 2024 2:20pm Jun 9, 2024 2:20pm
- Joined Nov 2020 | Status: Trader | 2,471 Posts
The possible drop for major pairs next week. There are still a place to go down.
- #1,700
- Jun 9, 2024 9:45pm Jun 9, 2024 9:45pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett