KISS FX - No Indicators, just Price Action

Trading Discussion Trade Journals
1

Hi all,

This is my trade journal for just trading with PA only.
My website is at KISS FX | Keeping it Simple, Stupid, and make Money

KISS FX is about trading the forex market with a “Keep it Simple, Stupid” philosophy and methodology. It is about making trades with a clean chart with basic support, resistance and trendline levels together with Price Action analysis. There are no use of indicators, except for Price itself.

KISS FX aims to build a community of aspiring and like-minded traders via active discussion through this page. This site features articles on: risk management, market psychology, trading concepts, tutorials, price action setups and Forex related news and information.

I am a Chemical Engineer by training and have been trading forex as a part time hobby. My journey through many “holy grail” trading systems, indicators have led me to the realisation that less is more and trading is a skill that requires simple, strong logical deductive reasoning, and not through mindless following of any indicator signals. Indicators are, at the very least, first order derivatives of Price itself and while they 100% accurately reflect Price data in the past, they are by no means fully accurate in predicting future price movement. Price action analysis uses price itself as raw data for my trade decisions to be based upon. Thru consistent practice, understanding Price Action allows you to feel the ebbs and flows of the market and the reasons following the price action you observe.

Will be posting my setups and trades here in due time, meanwhile appreciate your comments and input over at my blog.

Lets build a good community going!

Current Articles

On Market Psychology — KISS Forex Trading

How I make my Trade Decisions — KISS Forex Trading

What FX Trading Is — KISS Forex Trading

Risk:Reward, and why it matters — KISS Forex Trading

How to size your positions to limit your risk — KISS Forex Trading

How to do everything in Reverse and Profit as a beginner trader — KISS Forex Trading

The Exponential Benefits of Pyramiding - with numbers — KISS Forex Trading

2

EURUSD SHORT

SL – 1.2960

TP – 1.2853, with further potential TP at 1.2752

Trade setup: Breakout of long term downward trendline, pin bar reversal at 1hr TF, trading the fake breakoout.

eurusd4apr1.jpg700×363 23 KB

eurusd4apr.jpg700×364 18.8 KB

3

Trade above hit SL due to breakout. - 27 pips!

4

heya viavictus. can’t really see your explanations on pics too good. You’re a student of Fuller school?

5

No, I am not, but his trading philosophy resonates with mine very closely with my trading method.
Have thought about purchasing his membership to learn but still hanging on yet…any fulltime students of Fuller in here?

6

Cool, I checked your blogpost too. Good luck and welcome to babypips!. The more “clean PA” threads the better.
Here is a possible setup

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Look for a signal next week to short eurusd at 1.3050. Fundamentals maybe lean to buying above this level, but we will see.

7

we see the same setup too!
it is more prominent in the 4hr TF, where last 2 candles show key resistance is met and a reversal pin bar.

8

Have just shifted my website to a new address. Link is updated in the first post.

Have put in a short limit order for EURUSD at 1.2573, shall post the setup when its triggered

9

EURAUD9Apr.jpg700×361 25.1 KB

Took trade with 1:2.82 RR.
Rejection pinbars at Resistance level at 1.2563, Inside Bar formed in H4 TF. Placed short order on 8 Apr and trade was triggered on 9Apr.

10

EUR JPY Long

EURJPY10Apr.jpg700×358 20.5 KB

SL at 100 pips with targeted RR of 1:2.5.
Took trade due to inside bar formation with following candle closing higher than motherbar. Long Bias.

This trade may take a while.

11

AUD USD Short

AUDUSD10apr.jpg700×358 25.3 KB

Took trade with reversal pin bar at resistance level. Limit order was triggered at next candle of reversal pin bar. Hope the last pinbar is a fake breakout to further confirm the reversal.

SL – 25 pips, with potential TP at 133 pips, giving 1:5.32 RR.

12

SL hit. -25 pips!

13

Placed some stop orders:

EURUSD Short
Entry 1.3087, SL 1.3131, TP 1.2977 RR 1:2.5

USDCHF Long
Entry 0.9327, SL 0.9293, TP 0.9565 RR 1:7 est.

14

USDCHF long triggered.

USDCHF11Apr.jpg700×357 22.3 KB

Pin bar at daily TF, consolidation at 4H background. RR of 1:7 est.

15

EUR USD Short triggered

EURUSD11Apr.jpg700×348 26.5 KB

Pin bar reversal at daily TF at key resistance level. RR of 1:2.5 est.

16

Existing trades over last weekend…

EURGBP Short

Took trade as confirmation closed under inside bar at resistance area.

AUDUSD Short

Took trade due to pin bar reversal at long term resistance area of channel.

GBPUSD Long

Took trade due to confirmation candle closing above inside bar in long bias uptrend.

17

Heya Viavictus,

Doesn’t this doji have too large of a nose to be qualified as a bearish reversal signal?

cheers

18

The truth is that we won’t know despite it being a reversal signal at the peak of an upmove. We can only trade it with a certain probability of success. In this case my trade hit the SL. If you take a look at the charts today the top of the doji represents a range of consolidation.

19

Update: SL hit. -68 pips

20

Update: SL hit, -52pips.