No Indicator Trading System

EURUSD Sep12 Frankfurt Open

- M30 Marubozu close

- M30 Bearish piercing candle Close

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Probably not the best idea to trade UC if NY is closed

EURJPY M15 short - 7.2RR. I was not sure about this one because of the strong bullish momentum. But reasons are clear: double top right at the H4/H1 S&R + wick. First target already hit. Partial closed, SL at BE. Let´s see

Gold M30 long - 4.8RR

Update: EURJPY M15 - TP hit. Total +4.6R

GBPJPY M15 long - 3.4RR. Double bottom at H4/H1 support level + wick.

Gold M30 Update: half closed, SL at BE

GJ M15 Update: half closed, SL at BE

Gold Update: Sl hit at BE. total +1R

Update: GJ also hit SL at BE. +1R and done for today. Total: +6.6R

Hi Pablo looks like your nailing it...well done. A question if i may....your charts look like you trade the higher time frame S/R zones on lower timeframes. Do you not take much notice on your execution time frame S/R zones? This is where I'm struggling.
Thanks

Hi Crows, thanks. It´s just my second week trading this strategy, so I´m surely not a pro, even if the results are impressive.
My plan ist pretty simple. Most recent H4 S&R as key levels to watch for (on line chart). Sometimes I adjust them on H1 timeframe. As soon as one of the key levels is reached, I switch to M15 or M30 timeframe and wait for a reversal pattern, f.e. double top/bottom or market structure shift with momentum + pullback. I don´t trade just a single rejection candle of the H4 key level. Tomorrow I´m going to show a few examples. But like I said, it´s just my second week trading the strategy on demo. If it goes well, I want to try a prop firm challenge trading this strategy.

EU Sep 13 M15 London Open

- H1 rejection at Day Ope and RN1.1075

- 10pips SL




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GJ M15 short trade I took before just hit TP. Let me use this one as example. Explanations are on the charts.
1. H4 line chart
2. H4 candlestick chart
3. M15
Hope it helps

Here´s an example of a trade I would NOT take. Actually we got some strong bearish momentum. Previous swing low has been broken too. What I miss is a H4 candle breaking this level. For me it´s still support NOT resistance. As soon as H4 candle closes below, it becomes resistance

EJ M15 long - 4.5RR. I took this entry not directly at the close of the signal candle but per buy limit a bit lower to keep sl low

you love engulfing bars right?

God damnit

Yes. When the M15 Engulfing closes the H1 to form the rejection candle at H4 Snr and Daily SnR

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what pair and timeframe is it?