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No Indicator Trading System

  • #1,841
  • Jul 2, 2024 3:30am Jul 2, 2024 3:30am
Short AU.
I liked the look of 30m line chart pull back to resistance.
Will it work, who knows, but you have to take them. SL is tight at 2pts. TP +24 so worth a go.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 02 07 24.png Size: 16 KB
Attached Image (click to enlarge)
Click to Enlarge Name: AU 02 07 24 Candle.png Size: 15 KB
Your trade order needs to be in the right place at the right time.
  • #1,842
  • Jul 2, 2024 9:08am Jul 2, 2024 9:08am
Quoting Inthebox
gold {image}
Excellent entry, well done
  • #1,843
  • Jul 2, 2024 9:15am Jul 2, 2024 9:15am
Quoting Islandfx911
Short AU. I liked the look of 30m line chart pull back to resistance. Will it work, who knows, but you have to take them. SL is tight at 2pts. TP +24 so worth a go. {image} {image}
I took the same trade. My SL was hit.
  • #1,844
  • Jul 3, 2024 8:54am Jul 3, 2024 8:54am
Ea - long - ny session
-1r
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  • #1,845
  • Jul 3, 2024 2:10pm Jul 3, 2024 2:10pm
Quoting buddiebuddie
2nd post -- not sure this one will be received... and NOT sure IF I can upload my method...and NOT sure I'm on the right forum. this one on S&P 500 /$SPX ... also use 1.272% - 1.854% and go back 2TD for price targets, etc {image}
today's data basically calculated from LAST week's data & also 2TD back. hard to explain. simple stuff once you get it. took me approx. 2 years to really get it. lol
once you see the open and have calculated all the R/S areas using as many calculators as possible ...you'd be surprised on how easy $SPX targets are. just have to stay focused -- have CALENDAR in your own handwriting -- all the data & @ side the daily spreads [H-L] and then the WEEKLY spreads ...along with the "OPEN" sheet calculations being squared -- and see the CORRESPONDING #s / #price
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  • #1,846
  • Jul 3, 2024 10:05pm Jul 3, 2024 10:05pm
XAU Jul04 M30 Tokyo 1200pm

- this can be the setup for my +5R trade which I look for

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jul04 M30 4-7-2024 11-03-22 am.png Size: 21 KB



.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,847
  • Jul 4, 2024 3:01am Jul 4, 2024 3:01am
Quoting emmanuel7788
XAU Jul04 M30 Tokyo 1200pm - this can be the setup for my +5R trade which I look for {image} .

XAU M30 Jul04 London 9am

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jul04 m30 London 4-7-2024 3-58-40 pm.png Size: 24 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,848
  • Jul 4, 2024 3:35am Jul 4, 2024 3:35am
Quoting buddiebuddie
2nd post -- not sure this one will be received... and NOT sure IF I can upload my method...and NOT sure I'm on the right forum. this one on S&P 500 /$SPX ... also use 1.272% - 1.854% and go back 2TD for price targets, etc {image}
Keep posting unless the thread starter asks you not to.
Good Trading
  • #1,849
  • Jul 4, 2024 10:25am Jul 4, 2024 10:25am
Quoting aud
{quote} Keep posting unless the thread starter asks you not to.
thanks ... but right now I found the S&P forum... not used much...but will go there from now on.
anyhow -- this is the latest for this week on S&P 500 -- data + calc. from .272% - 1.854% ... easy to do + many more systems. took me awhile to figure out how SPX works. I ignore the news aka garbage (to me) and just concentrate on the #s / price in front of me and look @ #cycles.

I know this is the forex area -- haven't played / traded forex .. yet...used once WizeTrade -- wasn't for me.

last post on this thread.
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  • #1,850
  • Jul 4, 2024 8:02pm Jul 4, 2024 8:02pm
Quoting emmanuel7788
{quote} XAU M30 Jul04 London 9am {image} ...

XAU Jul05 M30 UPDATE Tokyo 10am

- another attempt a the Daily SnR 2360 and

- a bullish 4H close above 2360 that would be breaking above would be a good

- we have another resistance H4 SnR above to overcome before NFP today

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jul05 M30 attempt at 2360 5-7-2024 8-58-52 am.png Size: 23 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,851
  • Jul 5, 2024 12:12am Jul 5, 2024 12:12am
Good morning everyone,

As I posted earlier, I've been backtesting the no indicator system manually using an emulator. At this point, I've gone through 18 months (2022/01-2023/06). I've been testing only one FX pair (GBP/USD), my SL was often more than 10 pips, I didn't use breakeven (but I'm planning go through all my trades to see whether going to BE would have been more profitable), and TP is always 7,5R. Here are some numbers from my calculations:

The amount of trades: 200
The overall gain: 139,5 R
Overall gain money-wise: from 300 EUR to 951 EUR (+217%)
The worst month: -6R (2023-01)
The best month: +33R (2022-02)
The average monthly return: 7,75 R
The longest losing streak: 9 losses in a row.

For me, this is a great motivation. I'm waiting to see how it goes when trading in real-time, but I hope that I will make even more reasonable decisions and my chances won't decrease much. And to make this post more appealing, here are a few recent winning trades. Have a nice weekend!
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  • #1,852
  • Jul 5, 2024 12:22am Jul 5, 2024 12:22am
Quoting Evaldas321
Good morning everyone, As I posted earlier, I've been backtesting the no indicator system manually using an emulator. At this point, I've gone through 18 months (2022/01-2023/06). I've been testing only one FX pair (GBP/USD), my SL was often more than 10 pips, I didn't use breakeven (but I'm planning go through all my trades to see whether going to BE would have been more profitable), and TP is always 7,5R. Here are some numbers from my calculations: The amount of trades: 200 The overall gain: 139,5 R Overall gain money-wise: from 300 EUR to 951...
Hi E,
Great results.
Thank you for posting.
Your trade order needs to be in the right place at the right time.
  • #1,853
  • Jul 5, 2024 12:57am Jul 5, 2024 12:57am
Quoting emmanuel7788
{quote} XAU Jul05 M30 UPDATE Tokyo 10am - another attempt a the Daily SnR 2360 and - a bullish 4H close above 2360 that would be breaking above would be a good - we have another resistance H4 SnR above to overcome before NFP today {image} ...

XAU Jul05 M30 UPDATE Tokyo 3PM London 7am soon

- it struggled a little but that normal when you look left you see previous 4H candles and SnR

- just needed some buyers to support the push higher

- breaking 2364 would be good to close this week with bonus money in the bank

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jul05 H4 before London 7am 5-7-2024 1-55-51 pm.png Size: 21 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,854
  • Jul 5, 2024 1:11am Jul 5, 2024 1:11am
Quoting emmanuel7788
{quote} XAU Jul05 M30 UPDATE Tokyo 3PM London 7am soon - it struggled a little but that normal when you look left you see previous 4H candles and SnR - just needed some buyers to support the push higher - breaking 2364 would be good to close this week with bonus money in the bank {image} ...
XAU M30 London 7am open

- a possible trade with Price Action

- BUllish Engulfing Bar BUEB candle breaking the Mother Bar / Inside Bar ...

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jul05 M30 BUEB breakout 5-7-2024 2-08-35 pm.png Size: 19 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,855
  • Jul 5, 2024 3:45am Jul 5, 2024 3:45am
Quoting emmanuel7788
{quote} XAU M30 London 7am open - a possible trade with Price Action - BUllish Engulfing Bar BUEB candle breaking the Mother Bar / Inside Bar ... {image} ...

XAU Jul05 M30

- I closed all my day trades at 2367.26

- mental fatigue exit

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jul05 M30 closed all 2367.5-7-2024 4-42-30 pm.png Size: 19 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,856
  • Jul 5, 2024 5:52am Jul 5, 2024 5:52am
Quoting Evaldas321
Good morning everyone, As I posted earlier, I've been backtesting the no indicator system manually using an emulator. At this point, I've gone through 18 months (2022/01-2023/06). I've been testing only one FX pair (GBP/USD), my SL was often more than 10 pips, I didn't use breakeven (but I'm planning go through all my trades to see whether going to BE would have been more profitable), and TP is always 7,5R. Here are some numbers from my calculations: The amount of trades: 200 The overall gain: 139,5 R Overall gain money-wise: from 300 EUR to 951...
Nice work, thank you for sharing. This is definitely inspiring.
  • #1,857
  • Jul 5, 2024 8:11pm Jul 5, 2024 8:11pm
Quoting emmanuel7788
{quote} XAU Jul05 M30 - I closed all my day trades at 2367.26 - mental fatigue exit {image} ...

XAU Friday NFP candle

- getting out before NFP is usually a good idea when day trading

- because it is impossible with small SL to survive the volatility

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jul05 NFP candle 6-7-2024 9-06-59 am.png Size: 22 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,858
  • Jul 8, 2024 12:08pm Jul 8, 2024 12:08pm
Hello Islandfx911,

Thanks for sharing this way of trading.

To learn the system the right way I would like to know exactly the way of drawing S/R lines from the line charts.
While reading and exercising I got puzzled. Maybe someone can clearify..?

Starting from D1 is the easiest part; I take the highs and lows but leave out the inbetween hick-ups (correct me if I'm wrong). Then, according to the description, I go to H4 and only finetune the S/Rs from the D1,... OR do I add new lines as well (probably those that I called hick-ups within the D1)????

From $4 I shift to M30 and the same question occurs; do I finetune the H4 S/Rs only,.... or do I need to add new ones as they are shown within M30......???

Thanks, Ben
  • #1,859
  • Jul 9, 2024 1:12am Jul 9, 2024 1:12am
Quoting campco
Hello Islandfx911, Thanks for sharing this way of trading. To learn the system the right way I would like to know exactly the way of drawing S/R lines from the line charts. While reading and exercising I got puzzled. Maybe someone can clearify..? Starting from D1 is the easiest part; I take the highs and lows but leave out the inbetween hick-ups (correct me if I'm wrong). Then, according to the description, I go to H4 and only finetune the S/Rs from the D1,... OR do I add new lines as well (probably those that I called hick-ups within the D1)????...
Read the very first post again. It says adjust the lines when working your way down from D1 to H4, from H4 to 30M.
If you will add lines on every timeframe, you will end up with too many lines. Keep it simple.
  • #1,860
  • Jul 9, 2024 1:24am Jul 9, 2024 1:24am
Quoting campco
Hello Islandfx911, Thanks for sharing this way of trading. To learn the system the right way I would like to know exactly the way of drawing S/R lines from the line charts. While reading and exercising I got puzzled. Maybe someone can clearify..? Starting from D1 is the easiest part; I take the highs and lows but leave out the inbetween hick-ups (correct me if I'm wrong). Then, according to the description, I go to H4 and only finetune the S/Rs from the D1,... OR do I add new lines as well (probably those that I called hick-ups within the D1)????...

I follow post#1 and draw those SnR with different colours

Daily - red
H4 - dark green
M30 - dodgerblue


Daily
Attached Image (click to enlarge)
Click to Enlarge Name: AU Daily Line chart SnR 9-7-2024 2-19-11 pm.png Size: 33 KB



H4
Attached Image (click to enlarge)
Click to Enlarge Name: AU H4 Line chart SnR 9-7-2024 2-20-14 pm.png Size: 26 KB



M30
Attached Image (click to enlarge)
Click to Enlarge Name: AU M30 Line chart SnR 9-7-2024 2-21-43 pm.png Size: 21 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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