No Indicator Trading System

I am currently in this AU trade.
TP is set at 9R.
Trade is at breakeven.

Hi Traders,
I have done my analysis for entering trades on Monday 17 03 2025.
The market may prove me wrong however this is my plan and I will stick to it.
The main thing I am looking for is a move away from key support and resistance and enter a low risk trade on a Rejection Candle.
The Rejection Candle Entry is unique way that I developed to enter trades with a small Stop loss and a high TP which allows me to generate high yielding trades.
I will post my trades tomorrow as they happen to demonstrate the effectiveness of trading Rejection Candles.

Notes on ChatGPT that someone sent me after looking up Rejection Candles:

Rob C____is often credited as one of the first traders to specifically discuss and popularize the concept of "rejection candles" in Forex trading, particularly on platforms like Forex Factory. C___, a Forex trader and contributor to the Forex Factory forum, shared insights on how certain candlestick patterns, especially those showing rejection of price (like pin bars or similar candles), could be effectively used for identifying potential reversals or key price levels in the Forex market. His contributions helped shape how many retail traders today interpret and trade with rejection candles in Forex. His approach to trading rejection candles involves identifying candles that reflect strong rejections of certain price levels, often in conjunction with support and resistance zones, to signal potential market reversals. This approach has gained traction among many traders in the Forex community, thanks to its simplicity and effectiveness in reading price action. So, while Steve Nison popularized candlestick charting techniques in the West, Robert C___ insights on rejection candles brought a more specialized and practical approach to this technique for Forex traders.

This is my UJ chart for tomorrow.


This may not happen as market can and will do anything. All I can say is that I have spent the weekend looking at charts and I have a plan. I am dedicated to my trading and I expect a positive result each week.
Have you done your weekend plan?

This is my AUS200 chart, completely different layout but it tells me what I need to do.

AU Plan.
There is no rocket science to how I trade.

More detailed plan for AU

That's me done for today.
Drop by tomorrow for an update.
I will not be answering questions regarding this system, everything you need is in the thread.

Decided on just AU Short for today. I have 2 position on it. 5.5R if targets hit.

Hi Traders,
Took a 1R stop out on AU, I had got the short completely wrong. It happens.
I got into EJ long with my Rejection Candle.
I am looking at 11R if target gets hit.

I am also posting this chart that I used to assist in selecting the right pair to trade.
Thanks to Riskfighter it is a good tool to get you in the trending market.

Updated the TP target to 12R.
Why the TP so far away. Well it isn't really that far away and it is within the average daily range.
I don't know what will happen to this trade, it may reverse sharply.
I have locked in some $ so I'll let it do its thing.


Update:
I have locked in (+42) 4.5R


Update:
I have locked in more profits (6.4R) and moved TP higher to 16R.


Update: Price smashed through BRN which is good in my opinion.
I have moved SL up to (+75) 8.3R.

EJ Update.
Price pulling back to my SL. It has been a good trade and I have locked in some good funds.
I have updated the chart.


I have moved SL up tight (+88) 9.75R as price has stalled at BRN 164.00

All out for +9.75R (9R after Commission). It may continue up to my 16R TP but I'm done for the day.
+$832.00 after commission, not bad for a $93 risk trade.

I know I said I was done but had to take this short off Resistance.
Mainly due to nice Rejection Candle. Trade is at breakeven.
Initial SL was (-18), TP is (+130) 7.2R


EJ update:

Did not get filled at the price I wanted but a good signal.

Update: Trade is at breakeven

USDJPY buy on pullback to support. SL hit at +1R

Is this a good entry?

Gold entry. Review my trades plz

brackeven

+120pips and moving

EJ Short on 5m.
Entered on the green Rejection Candle after support was broken.
SL was (-12) TP (+84) 7R