No Indicator Trading System | Page 130 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/JPY, EUR/JPY, AUD/USD

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

HYBRID: trading system within a trading system 31 replies

WatchMyZone trading system - WMZ system 7 replies

Day Trading system - Simple system to make money 51 replies

Trapping System: Way to Fully-Automated Trading System 47 replies

Attachments: No Indicator Trading System
Exit Attachments

No Indicator Trading System

  • #2,581
  • Jan 17, 2025 6:15pm Jan 17, 2025 6:15pm
Quoting SolidRockk
Plan London Session 16-1-25 GU D1 - At Support H4 - At Support, possible DB m30 - At Support with rejection bars at 1830hrs chart time with a pin bar. A second rejection bar 1hr before session start. Projected entry: Long at Support with a rejection bar. Adjustment: Missed entry - open of 2nd bar during the session shows SL would have been hit but now market is above close of previous m30 bar. Long entry taken. Not sure of which bar to take as the which to use & have decided to use current bar wick size for calculation of just under 7.5R. Target...
Review:
SL hit. An attempt at this Level was incorrect for the Long. Will need to look into these types of entries and resolve the error made.

-1R = -13 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 9 KB
  • #2,582
  • Jan 17, 2025 6:31pm Jan 17, 2025 6:31pm
Review + Results of first week trading this system with Commission & not Spread account.

Pips are in profit. Much better result than when using Spread a/c.
I have enjoyed just watching the 4 bar closes over a 90 minute time frame.
Having the Trading Window time during the appropriate session & then leave the trading station once done & forget until next booked session is a very relaxing way to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 13 KB
  • #2,583
  • Jan 18, 2025 3:23am Jan 18, 2025 3:23am
Quoting SolidRockk
Review + Results of first week trading this system with Commission & not Spread account. Pips are in profit. Much better result than when using Spread a/c. I have enjoyed just watching the 4 bar closes over a 90 minute time frame. Having the Trading Window time during the appropriate session & then leave the trading station once done & forget until next booked session is a very relaxing way to trade. {image}
Hi SR,
I closed my spread account on Friday. I used it for 5 days and that was enough. Robbers
Commission based Brokers are best for this system.
Keep at it you are making good progress.
Your trade order needs to be in the right place at the right time.
  • #2,584
  • Jan 18, 2025 6:38am Jan 18, 2025 6:38am
Quoting SolidRockk
{quote} Review: SL hit. An attempt at this Level was incorrect for the Long. Will need to look into these types of entries and resolve the error made. -1R = -13 Pips {image}
I think that you should focus on the Asian session, which is always flat, and in no case look for purchases when the price is below the range of the Asian session and do not look for sales when the price is above the range of the Asian session. Because London always has high trading volumes and some price movements
  • #2,585
  • Jan 18, 2025 6:01pm Jan 18, 2025 6:01pm
Quoting Garry119
{quote} I think that you should focus on the Asian session, which is always flat, and in no case look for purchases when the price is below the range of the Asian session and do not look for sales when the price is above the range of the Asian session. Because London always has high trading volumes and some price movements
About 90% of my winning trades are opened during the Asian Session.
Your trade order needs to be in the right place at the right time.
  • #2,586
  • Jan 19, 2025 11:58pm Jan 19, 2025 11:58pm
Thought I would post some details on how I prepare for trading, trade selection , trade entry, SL and TP.

Preparation for the Asian Session.
I start my day by opening up the following Pairs.
AU, AJ, UJ, EA, GA, EJ and GJ.
I can view all these pairs at the same time as I use dual monitors.
Note: It is important to view different time frames with each pair. I start with 4hr line and candle charts side by side.
I then go to 30m charts and finally 15m charts.
What an looking for is the most important thing which is HTF support and resistance.
It is of the highest importance that you have SnR plotted on your charts.
I just want to add that although I look at seven pairs I place the greatest emphasis on AU, AJ and UJ.
The reason is because you can get all the information from these pairs of what might be the mover for the session / day.
Why is this? It is because AU is the base currency pair for AJ, GA and EA and UJ is the base currency pair for AJ, EJ and GJ.
It is better to do your analysis on three pairs rather than seven.

Note:
If AU is rallying and AJ is also going up then EA and GA will be going down, this is showing a strong AU move up is the likely direction for the session.
If AU is rallying and AJ is falling then I would expect EA and GA to be ranging and so I would turn my attention to UJ because it is likely that the J's are moving down.

Finding the right pair:
When I have identified the currency that is likely to be the mover for the session I immediately look to see where support and resistance is compared to price.
Today is was UJ Sell. The following chart should assist in the above notes.
The first chart is my 4hr SnR chart, this is used to identify Higher time frame SnR. On this chart I have an indicator to auto-plot the SR levels.

Note:
I always double check the SR levels manually, do not rely on an indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4Hr SnR.png Size: 18 KB

The next chart is the 1hr time frame. I am looking at this chart to get a close up of the price action around the 4hr resistance.
You will notice that UJ had a go at trading higher yesterday before the close.
Attached Image (click to enlarge)
Click to Enlarge Name: ff UJ 1hr line & candle chart.png Size: 25 KB

The following chart is the 1hr chart with a nice rejection candle at resistance



Attached Image (click to enlarge)
Click to Enlarge Name: UJ 1hr Candle Resistance.png Size: 14 KB

If I have done my analysis correctly I will place the trade, set the SL and TP
It is important that you are well prepared before you place any trades.
I hope this helps you understand how I approach trading each day.
Remember you only need 1 or 2 winners a week to be a very successful trader.
Trade quality not quantity.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 20 01 2025 How to trade this setup.png Size: 20 KB
Your trade order needs to be in the right place at the right time.
  • #2,587
  • Jan 20, 2025 2:12am Jan 20, 2025 2:12am
GU-Market is opening now and waiting for how it is reacting till next 20mins.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-01-20 143821.png Size: 30 KB
Rhythm & Discipline
  • #2,588
  • Edited 4:08am Jan 20, 2025 2:52am | Edited 4:08am
Quoting neocruz2976
GU-Market is opening now and waiting for how it is reacting till next 20mins. {image}
Not a good entry but previous weeks RR effect .
Edit: TP with +3RR.
London session done.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-01-20 150715.png Size: 28 KB
Rhythm & Discipline
  • #2,589
  • Jan 20, 2025 3:41am Jan 20, 2025 3:41am
Quoting Islandfx911
{quote} Hi SR, I closed my spread account on Friday. I used it for 5 days and that was enough. Robbers Commission based Brokers are best for this system. Keep at it you are making good progress.
Hi Island,
Yes I wasn't feeling comfortable with the number of fails for the two weeks prior. So your recommendation to go commission a/c was very well received. Thank you.
Thank you for your words of encouragement.
I have decided just to publish 1 trade per session so that we can leave room for others may also join in for their learning. There's no point being a hog. Slow and steady...
  • #2,590
  • Jan 20, 2025 5:10am Jan 20, 2025 5:10am
GU Jan20

- H1 and M30 'reject' the H4 Snr 12170

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan20 H1 M30 reject 4Hr SnR 12170 20-1-2025 7-07-57 pm.png Size: 28 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,591
  • Jan 20, 2025 6:06am Jan 20, 2025 6:06am
Quoting Islandfx911
Thought I would post some details on how I prepare for trading, trade selection , trade entry, SL and TP. Preparation for the Asian Session.
............
Hi Rob,

Thank you very much for sharing your system and know-how. I have some questions to your last post.......

I do not see any 123 or DT formation on 15M. I guess your entry was "the advanced" one, am I right?
4H and 1H rejection candles were not finished when you entered, correct? It means DT on 1H was not there yet, is it?

I wish I could trade it like you one day

J.
  • #2,592
  • Jan 20, 2025 8:07am Jan 20, 2025 8:07am
gbpjpy

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 20.01.jpg Size: 238 KB
  • #2,593
  • Jan 20, 2025 12:39pm Jan 20, 2025 12:39pm
Quoting Islandfx911
{quote} About 90% of my winning trades are opened during the Asian Session.
Maybe you can try using indicators that are designed to open purchases when the price is above the zone and sell when the price is below the zone
Attached File(s)
File Type: mq4 breakout-eagle-ut2damax.mq4   7 KB | 341 downloads
File Type: mq4 breakout.mq4   2 KB | 298 downloads
File Type: ex4 breakout-zones.ex4   17 KB | 300 downloads
  • #2,594
  • Jan 20, 2025 6:57pm Jan 20, 2025 6:57pm
Quoting Islandfx911
Thought I would post some details on how I prepare for trading, trade selection , trade entry, SL and TP. Preparation for the Asian Session. I start my day by opening up the following Pairs. AU, AJ, UJ, EA, GA, EJ and GJ. I can view all these pairs at the same time as I use dual monitors. Note: It is important to view different time frames with each pair. I start with 4hr line and candle charts side by side. I then go to 30m charts and finally 15m charts. What an looking for is the most important thing which is HTF support and resistance. It is...

Hi, maybe a silly question but if I don't ask I won't know!

If AU is rallying and AJ is falling, then I would expect EA and GA to be ranging and so I would turn my attention to UJ because it is likely that the J's are moving down. If AJ is falling, I thought that would mean that J is stronger so J's would be moving up, why are you saying this? Just something I need to understand, thank you!
  • #2,595
  • Edited 8:32pm Jan 20, 2025 7:05pm | Edited 8:32pm
Plan 21-1-25

EJ..edit... correction, AJ

D1 - Consolidation midway point between swings
H4 - Finishing a DT swing down
m30 - At bottom of Support zone with a small wick on current bar

Adjustment - Strong unscheduled High Impact news from USA = impulse move down of 50 pips

Projected Entry: Strong reaction to news means we stay out of entry at open of session. Plus the wick is larger than 10 pips.
Long after one hour has passed with an appropriate retest of rejection bar at Support zone.

Adjustment: 1 hour later I was not happy to enter - gut feeling. Waited another 30 min, no rejection bar at close.
No entry taken this session
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 9 KB
Click to Enlarge Name: Capture1.PNG Size: 9 KB
Click to Enlarge Name: Capture2.PNG Size: 9 KB
  • #2,596
  • Jan 20, 2025 7:49pm Jan 20, 2025 7:49pm
Quoting emmanuel7788
GU Jan20 - H1 and M30 'reject' the H4 Snr 12170 {image}

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan20 H1 M30 reject 4Hr SnR 12170 20-1-2025 7-07-57 pm.png Size: 28 KB



...



+8R ... it all happened in the 4 hours,

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jan20 8R in one 4Hr candle 21-1-2025 3-38-08 am.png Size: 28 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,597
  • Jan 20, 2025 7:56pm Jan 20, 2025 7:56pm
Quoting 1Hour
{quote} Hi, maybe a silly question but if I don't ask I won't know! If AU is rallying and AJ is falling, then I would expect EA and GA to be ranging and so I would turn my attention to UJ because it is likely that the J's are moving down. If AJ is falling, I thought that would mean that J is stronger so J's would be moving up, why are you saying this? Just something I need to understand, thank you!
Hi 1Hr,
You will need to monitor the pairs for a month and you will see the correlation between pairs. If you require further information I will post some examples.
Your trade order needs to be in the right place at the right time.
  • #2,598
  • Jan 21, 2025 12:38am Jan 21, 2025 12:38am
late entry but protected
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 9 KB
Click to Enlarge Name: screenshot.png Size: 5 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #2,599
  • Jan 21, 2025 12:45am Jan 21, 2025 12:45am
Quoting Inthebox
late entry but protected {image} {image}
Playing this trading game with ease
As long as you make $, late entry does not matter
Your trade order needs to be in the right place at the right time.
  • #2,600
  • Jan 21, 2025 1:28am Jan 21, 2025 1:28am
21-1-25
London Session
Plan

GU

D1 - Market up top of current swing up
H4 - Seems to be a DT currently with market up top and below the top.
m30 - market approx 20 pips under Resistance.

Projected entry: Short with a Rejection bar at Resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 9 KB
Click to Enlarge Name: Capture2.PNG Size: 9 KB
4 traders viewing now, 1 is registered:
erkro