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No Indicator Trading System

  • #2,501
  • Jan 8, 2025 8:39pm Jan 8, 2025 8:39pm
if you protect, then it's all good.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,502
  • Jan 8, 2025 9:01pm Jan 8, 2025 9:01pm
gold another try.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,503
  • Jan 8, 2025 10:32pm Jan 8, 2025 10:32pm
Hello Island.
As I am going through the thread, whilst I am in the back ground, may I ask if this chart set / template as far as colours go is suitable for you to make your assessments when I come back to posting after working through the thread's posts up to current?
I find bright screens quite distracting and I was not able to make the ADR numbers white in the settings in order to use a black back ground.
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  • #2,504
  • Jan 8, 2025 10:48pm Jan 8, 2025 10:48pm
Quoting Islandfx911
{quote} I was late getting into GU trade however my TP stayed the same as if I had entered the trade at the correct price. You are also correct with the 4h resistance.
Thank you
  • #2,505
  • Jan 8, 2025 10:54pm Jan 8, 2025 10:54pm
Quoting Inthebox
gold another try. {image}
gold target hit.

do not give up. try try try again and again this method for at least 6 months.
until you obtain 70% win rate
then shift to live account and trade the smallest size.
pay your tuition fees and learn.
it will take at least 2 - 3 years to be proficient.
know it like the back of your hand.
it is always a work in progress.
without this seriousness and persistent hard work, you won't succeed.
in the end, at the end of the rainbow, you reap what you sow.
the harvest will be plentiful.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #2,506
  • Jan 8, 2025 11:04pm Jan 8, 2025 11:04pm
Just posting H4 Resistance chart.
Always be prepared......
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Your trade order needs to be in the right place at the right time.
  • #2,507
  • Jan 8, 2025 11:48pm Jan 8, 2025 11:48pm
Just posting for educational purposes.
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Your trade order needs to be in the right place at the right time.
  • #2,508
  • Jan 9, 2025 1:19am Jan 9, 2025 1:19am
I am long EJ. Chart to follow

Update: Trade set to breakeven

Out at Breakeven
Your trade order needs to be in the right place at the right time.
  • #2,509
  • Edited 2:01am Jan 9, 2025 1:24am | Edited 2:01am
Just watching AU for a short
Took a short on AU, trade is at breakeven.

Sell 0.61956,
Initial SL 0.61986 (-3)
TP 0.61731 (+22.5) 7.5R
Attached Image (click to enlarge)
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Update: SL moved to +3 (1R)
Your trade order needs to be in the right place at the right time.
  • #2,510
  • Jan 9, 2025 2:06am Jan 9, 2025 2:06am
Out of AU Short.
Running total for this week +29R
Your trade order needs to be in the right place at the right time.
  • #2,511
  • Edited 3:53am Jan 9, 2025 3:12am | Edited 3:53am
Quoting Islandfx911
Out of AU Short. Running total for this week +29R
29R for the week is superb!
May I ask if there is anything you follow for breaking even during set ups - or is it more a feeling thing?
  • #2,512
  • Edited 4:57am Jan 9, 2025 4:43am | Edited 4:57am
Quoting Mellifluous
{quote} 29R for the week is superb! May I ask if there is anything you follow for breaking even during set ups - or is it more a feeling thing?
Hi M,
I stick to my trade plan / system 100%, however there are times though when I am happy to exit a trade or go to breakeven.
You have to remember I am at the computer nearly all day and have 30+ years of trading. Saying that "Anything can happen"
I prefer to place the trade and leave it.
We are aiming for 7.5R winners. We won't always get them and going to breakeven has its risks.
Stick with placing the trade, set a 1R SL and 7.5R TP and go to break even when trade is 4R and see how you go.

I am watching AU again for shorts
Your trade order needs to be in the right place at the right time.
  • #2,513
  • Jan 9, 2025 5:07am Jan 9, 2025 5:07am
Quoting Islandfx911
{quote} Hi M, I stick to my trade plan / system 100%, however there are times though when I am happy to exit a trade or go to breakeven. You have to remember I am at the computer nearly all day and have 30+ years of trading. Saying that "Anything can happen" I prefer to place the trade and leave it. We are aiming for 7.5R winners. We won't always get them and going to breakeven has its risks. Stick with placing the trade, set a 1R SL and 7.5R TP and go to break even when trade is 4R and see how you go. I am watching AU again for shorts
Thank you so much!!
  • #2,514
  • Jan 9, 2025 5:13am Jan 9, 2025 5:13am
Quoting Mellifluous
{quote} Thank you so much!!
Hi M,
I make mistakes all the time but brush them off straight away.
I say to myself, ADM.
Accept it, Deal with it and move on.
If you are afraid to make mistakes you will not succeed.
Your trade order needs to be in the right place at the right time.
  • #2,515
  • Jan 9, 2025 5:21am Jan 9, 2025 5:21am
Quoting Islandfx911
{quote} Hi Martin, It just depends on market activity at these times. I have been caught out before getting in early but I don't mind because I am only risking 1R on the trade and with winners being 7.5R you can make mistakes and you will still be way in front. You have to be fluid and flexible with your trading. Adapt to market conditions and always be prepared.
Afternoon

And thank your for your reply. I know we can get the push from either the frankfurt open or london just not wanting to post trades that broke your rules.

Thank you again Martin
  • #2,516
  • Jan 9, 2025 5:34am Jan 9, 2025 5:34am
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  • #2,517
  • Jan 9, 2025 5:50am Jan 9, 2025 5:50am
Good afternoon! Sale of USDJPY. On the m10 chart, the deviation candle looks prettier than on the m15
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  • #2,518
  • Jan 9, 2025 5:57am Jan 9, 2025 5:57am
Quoting Graf2024
{image}
Well Done Graf, looks good
Your trade order needs to be in the right place at the right time.
  • #2,519
  • Jan 9, 2025 7:11am Jan 9, 2025 7:11am
took a loss on EU today
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  • #2,520
  • Jan 9, 2025 7:32am Jan 9, 2025 7:32am
It was worth selling earlier
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