No Indicator Trading System

Quoting bigjjnem

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{quote} Thanks Em, What session you trade XAU? Also, what if you have to re - enter the trade? How you enter the trade? Normally, I split into 2 entries, 1 is for rejection candle, 2nd is when I can see it goes right direction. But this strategy make me miss some good pips.

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Quoting emmanuel7788

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XAU Jul30 - difficult month-end trading Weekly {image} Daily - yesterday' rejection of the Daily SnR 2306 caught me sleeping off-guard {image} M30 {image} ...

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Quoting emmanuel7788

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{quote} hi @bigjjnem My trading hours are Sydney-Tokyo open and Frankfurt-London open When trading the Daily chart, I only need to take one trade entry per day and with set-and-forget entry, stop loss and take profit, and I do not need to monitor my trades. When we set the SL to -1R and TP to +7.5R, we will have many losses and the win rate is not great. But you will be profitable over the long term. The Money Management based strategy here is to grow an account starting at USD10,000 and grow that to USD50,000 over say 1,000 trades. For every USD10,000...

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Quoting Evaldas321

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Hey everyone, I have a question that's a bit out of context. What are you using on MT5 for automatic risk calculation? Everytime I find a good trade, I waste almost a minute while I calculate how many lots are 1% according to my SL. Maybe there's a tool or something that could calculate my lots automatically depending on how big of SL I choose?

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Quoting lolxhaha

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Caught an entry on the M15 at the NY open on AUDUSD. My posts at the moment might take some time to reach the thread due to moderation, guess i'll just have to keep showing up Update: NFP news aided the drop, and we easily took 7.5RR, took some partials profit and holding to see reaction at next key level(s) and possibly ADR level {image}

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Quoting bigjjnem

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{quote} If you don't monitor the trade, then your TP should be the nearest H4 SnR, shouldn't it? Or you set your tp based on your own R:R number ?

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Quoting emmanuel7788

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{quote} When trading once-per-day on the Daily chart, I do not concern myself with the 4Hr SnR levels. Pay more attention to Daily chart price action and the Weekly levels. XAU Jul31 Weekly, {image} XAU Jul31 Daily, {image} XAU Jul31 H4 - looking at H4 now, - I would be looking for LTF setup and entry with small SL (-1R) - and knowing the Weekly level 2424.58 and Daily level 2426.26, - these levels are potential resistance for exits, possible +5R to +7.5R {image} ...

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Quoting emmanuel7788

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{quote} When trading once-per-day on the Daily chart, I do not concern myself with the 4Hr SnR levels. Pay more attention to Daily chart price action and the Weekly levels. XAU Jul31 Weekly, {image} XAU Jul31 Daily, {image} XAU Jul31 H4 - looking at H4 now, - I would be looking for LTF setup and entry with small SL (-1R) - and knowing the Weekly level 2424.58 and Daily level 2426.26, - these levels are potential resistance for exits, possible +5R to +7.5R {image} ...

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Quoting emmanuel7788

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{quote} this is the first setup I see for today,... but I waited ... {image} ...

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Quoting emmanuel7788

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{quote} XAU Jul31 Frankfurt Open - do we have a 123 ? - looking at this M30 BUEOB now {image} ...

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Quoting emmanuel7788

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{quote} XAU Jul31 London 10am - M30 entry {image} ...

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Quoting Alinawaz110

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{quote} Hi sir I have seen your comments on RSI 21 strategy pac ema 5 what is accuracy of that strategy and how period long used at your end thanks please reply with thanks I will be grateful to you

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Quoting emmanuel7788

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{quote} XAU Jul31 London 10am - M30 entry {image}

Attached Image (click to enlarge)

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Quoting emmanuel7788

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{quote} XAU Jul32 M30 trade UPDATE: - 4R profit is good, - to get that +7.5R, we got to lock in some profit first and let the market decide - price breaking Weekly 2424.58 is good for next week' trading {image} ... {image}

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Quoting emmanuel7788

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{quote} XAU Aug01 Daily - today' target 2468ish - +7R {image} ...

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Quoting Alinawaz110

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{quote} Hi sir I have seen your comments on RSI 21 strategy pac ema 5 what is accuracy of that strategy and how period long used at your end thanks please reply with thanks I will be grateful to you

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Quoting emmanuel7788

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{quote} XAU Aug01 Daily - today' target 2468ish - +7R {image} ...

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Quoting emmanuel7788

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{quote} Aug 01 Tokyo 1pm - big candle and small candles ... consolidation - good for a breakout trade later {image} ...

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