Easy Eyes (No Indicators) Simple Day Trading | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading is this Simple? Finally Explained simple and clearly! 46 replies

trading is simple - trading is easy 43 replies

My Easy & Simple paper trading WORKS! Please make an EA 13 replies

Simple and Easy System-only two indicators 14 replies

An Easy System (With the help of ES Trader - Another Simple System) 13 replies

Attachments: Easy Eyes (No Indicators) Simple Day Trading
Exit Attachments

Easy Eyes (No Indicators) Simple Day Trading

  • #181
  • Jun 13, 2011 3:26am Jun 13, 2011 3:26am
I solve the problem on my own, if someone also got the same problem
go to Charts and make sure Foreground Chart is unchecked. if you still got the problem download the repair version indicator.
Attached File(s)
File Type: ex4 IBFX - Basic Fractal.ex4   8 KB | 524 downloads
File Type: mq4 IBFX - Basic Fractal.mq4   11 KB | 558 downloads
  • #182
  • Jun 27, 2011 2:11pm Jun 27, 2011 2:11pm
Just came accross ur post from 2010..the 30m 5m 1m.. HeikAshi

I put this method up and cant believe how simple it is In sim already Im nailing small wins...Also noticed its advantages to catch the 30m early..

Going to sim all day tomarrow using it..You may have saved my trading carreer !! Thankyou thankyou

Bill

ps. Been trading for 7 yrs / back & forth from sim to real, reloaded my account accouple times but thats the game..

I too, trying to make it.
  • #183
  • Sep 21, 2011 9:25am Sep 21, 2011 9:25am
Hi Good People,

anyone still using this method? was good for me for a while till i kinda got caught whipped with the erratic movement the last dew days..

would love to hear from all..

Thanks
  • #184
  • Sep 21, 2011 9:27am Sep 21, 2011 9:27am
Quoting leodlaure
Hi Good People,

anyone still using this method? was good for me for a while till i kinda got caught whipped with the erratic movement the last dew days..

would love to hear from all..

Thanks
Its important to note this is not much different than a trend line system.. also note some of the great trader of there time used a similar system without the HA's however.. also note this method is not supported by any evidence of its success..

also note I wrote this when I was new and had a very large ego which I like to pretend I'm largely over now.

use at your own risk
  • #185
  • Sep 21, 2011 9:30am Sep 21, 2011 9:30am
Quoting newyear498
Its important to note this is not much different than a trend line system.. also note some of the great trader of there time used a similar system without the HA's however.. also note this method is not supported by any evidence of its success..

also note I wrote this when I was new and had a very large ego which I like to pretend I'm largely over now.

use at your own risk
Oh also I used to post mostly my winning trades only and not the losers.. actually I think most people in the systems thread practice this dark art...


welcome to FF I told you a great secret you should remember
  • #186
  • Sep 21, 2011 10:01am Sep 21, 2011 10:01am
Hey fellow trader..


yes, that idea did set me in the direction that Im in now.


You got chopped up cuz u were most likely in a consolidation period, which ALWAYS proceeds after a 'pay cycle"


Consolidation is a resting period for the market..heres whats actually happening..Professional traders/ & mid professionals patiently wait for consolidation to run its course..and pounce when it breaks out into another "PAY CYCLE".. and take profit when the move breaks down w/ either a FAILED new high or low and is confirmed w/ a violation of support or resistance (depending on direction)


Knowing ANOTHER consolidation period is GUARANTEED..people take profits all at once basically, & wait..only amateurs trade in that period.


Where do u set ur stop? If u set ur stop at the previous swing, you'll most likely stay in the trade til the move is over..and let ALL the small stops get HIT..U stay back far enough to ride thru the noise and WAIT for a failed HH or LL.



I trade the Dow minnie YM..$5 a point...it allows for more error & also doesnt hurt as much...I trade the whole move til I get a failed situation, get out when it consolidates..my trouble comes on reversals..pinpointing that play, yet.


Thanks
B

ps if u think $5 isnt enough for profit..I made on 1 cntrct $685 on 1 trade..when trade broke down. It wasnt til late afternoon she went into a nice pay cycle back down..was on the phone so I missed it.
  • #187
  • Sep 21, 2011 10:16am Sep 21, 2011 10:16am
Quoting newyear498
Oh also I used to post mostly my winning trades only and not the losers.. actually I think most people in the systems thread practice this dark art...


welcome to FF I told you a great secret you should remember
Haha, thanks so much for being frank and upcoming with your advice..its a pity though that you have moved on..else, a lot to learn from you..

well, ive been so 'paralysed' by the kind of analysis i was taught at forex classes that i wish there was something easier to comprehend the moves..then yours came along like the simplest ever..guess, i got to use it wisely and still tweak here and there..

but now i just wish it were still applicable..

Thanks for your reply and God bless...
  • #188
  • Oct 3, 2011 10:21am Oct 3, 2011 10:21am
Quoting daytrader7
Hey fellow trader..


yes, that idea did set me in the direction that Im in now.


You got chopped up cuz u were most likely in a consolidation period, which ALWAYS proceeds after a 'pay cycle"


Consolidation is a resting period for the market..heres whats actually happening..Professional traders/ & mid professionals patiently wait for consolidation to run its course..and pounce when it breaks out into another "PAY CYCLE".. and take profit when the move breaks down w/ either a FAILED new high or low and is confirmed w/ a violation...
Hi DayTrader7,

so sorry i overlooked your response..i kinda took a long break from trading following my slew of losses and stayed away from it all..and many thanks for the explanation on the breakouts and consolidations etc..

very frankly, I've been reduced to a scalper for 5 pips at most so i pull out when i hit my target and come out if its past my 5 pips mental stop loss..

when you say consolidation, what time frame are you looking at? i normally check for 30 min..if no signal i go down to 15min and then down to 5 min and 1 min, like it was set out by NY498..

I trade EURO time in the first hour of open, asian at times and sometimes US..i find the movement too erratic during US times and am too cautious to take trades..

any advice for me? i wish to learn and thanks for your patience and sharing..

Cheers!
  • #189
  • Jul 31, 2013 3:14pm Jul 31, 2013 3:14pm
Ha! - Well OK it's not so funny as I read the entire thread and ended up at the point where my research continues - I am interested in No Indicator trading after reading this free eBook on Price action - http://forexuseful.com/product/price...strategy-ebook - And if anyone can add comment to the eBook, subject or point me to other free (don't want to pay - yes I know there is a No indicators ebook on Forex Useful - But i don't want to pay!) resources on No indicator trading it would be appreciated as I have to say - I really love the idea.
  • #190
  • Aug 12, 2013 6:29pm Aug 12, 2013 6:29pm
This method does not qualify to be called a 'No Indicator' system.
Luck is what happens when preparation meets opportunity.
  • #191
  • Aug 13, 2013 12:48am Aug 13, 2013 12:48am
Quoting Raju
This method does not qualify to be called a 'No Indicator' system.
Perhaps true but the one above I mentioned uses no indicators - do you have reference to any other no indicator systems?
  • #192
  • Aug 13, 2013 12:37pm Aug 13, 2013 12:37pm
You might want to Google Avi Frister's name who has interesting work such as 'FxBlaster', 'CashCow' or John Templeton's work by the title 'Trading In The Buff' and the system that is identified as Turtle Trading, only to name a few. I am sure there might be many others out there that can be regarded as true 'No Indicator' systems.
Luck is what happens when preparation meets opportunity.
  • #193
  • Aug 13, 2013 1:55pm Aug 13, 2013 1:55pm
Quoting Raju
You might want to Google Avi Frister's name who has interesting work such as 'FxBlaster', 'CashCow' or John Templeton's work by the title 'Trading In The Buff' and the system that is identified as Turtle Trading, only to name a few. I am sure there might be many others out there that can be regarded as true 'No Indicator' systems.
Thanks I will go have a look - Appreciated
  • #194
  • Aug 13, 2013 6:57pm Aug 13, 2013 6:57pm
Quoting wilczek
{quote} Thanks I will go have a look - Appreciated
I found PAST to be valuable. Thanks for letting us know about it.
Luck is what happens when preparation meets opportunity.
  • #195
  • Aug 14, 2013 4:23am Aug 14, 2013 4:23am
Quoting Raju
{quote} I found PAST to be valuable. Thanks for letting us know about it.
You are welcome - Thank u too for sharing
  • #196
  • Sep 22, 2013 9:25am Sep 22, 2013 9:25am
I finally got round to Avi Frister and am now happier following Nigel Price (PAST) and NITS (even though it's 20 quid - http://forexuseful.com/product/no-in...egy-nits-ebook) - Great updates too in the newsletter.
  • #197
  • Jan 6, 2014 1:26pm Jan 6, 2014 1:26pm
Hi Everyone,
Just found this thread and have also just started experimenting with Heiken Ashi smoothed candles. I have been entering on the close of the 0700 gmt candle (I'm in UK) if the previous candle is the same colour and line graph is above/below 21EMA (set to close). This works ok when trends form, or a move starts just when I get up (not into 24 hr trading but it can get a bit brown-trousery when price whipsaws across the median line for the day....just a cost of doing business!

I find using trend lines invaluable, drawn both with the normal MT4 candle chart and with chart set to Line (this shows price closes only). Useful to switch between the two as time progresses.

Volume also must not be ignored. A huge up volume spike when price has had a good run, is a sure fire sign that a change is coming, so I also use this as a filter to stay out of trades until opposite direction HA signals appear. Seems to reduce losses - only paper trading as yet.

I hope these suggestions are useful.
Attached Image (click to enlarge)
Click to Enlarge Name: HAshi gbpusd 6th Jan.jpg Size: 138 KB



Mike
  • #198
  • Jun 8, 2018 12:47am Jun 8, 2018 12:47am
Quoting enochben
{quote} you don't have to use keyboard shortcuts - just click the "TL" button at the top of your screen - click at one endpoint and click the other endpoint. I have attached a zip folder of my chartbooks for euro, pound, europound, swissie and yen. In case it doesn't work you might be able to pull up the following studies to mimick: 1. Market Structure MSL/MSH (paints white candle for MSH and blue for MSL) 2. Kiwi's Trailing Stop 3. Bill Williams Fractals 4. Inside Bar (paints orange candles) 5. Volume Weighted Average Price (just like to know where...

Hi enochben,

Can you provide me the Template & All indi for MT4 ?

https://www.forexfactory.com/attachm...1&d=1365663239



BR,
Attached Image
  • #199
  • Jul 31, 2019 6:20am Jul 31, 2019 6:20am
Quoting newyear498
{quote} You would be looking for the closed 30M, the one before the active candle.. (In picture #1,I should have drawn my arrow to the candle behind where I drew... sorry ) all you need to look for is the last closed 30M candle to be down.. and the closed or almost closed 5M candle to be down.. In the end all your doing is finding the intermediate trend (30M).. and waiting for the short trend (5M) to agree with each other and you take the trade. PS: you see.. this method keeps things from getting to technical.. really whats going tho.. is if the...
Instead of doing that go straight to longer timeframe. 1 hour 4 hours it's more stable and less noise
  • #200
  • Edited 10:26pm May 24, 2024 8:51pm | Edited 10:26pm
Many years later, but I’m glad I found this. I tried but was failing and realized it’s best to wait for no shadow strong bars instead of looking at just the cokor of the bars otherwise you may end up in chop city. Wait for strong no shadow below bull bar and no shadow above bear bars. I use 15 min for trend and 5 min for execution. I don’t use the 1 minutes
0 traders viewing now