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Price Action Trading with Indicators! ~The Freebie Newbie BOLOSO System~ 220 replies

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Price Action Trading with Indicators! The Freebie System

Quoting Dredding82
"It can be used on ANY TF......ANY Session......ANY PAIR or STOCK!!....that is up to you and what you like to trade! The higher the TF the more pips....just as any other system! I use it on the M15 for Day Trading myself and i also use it on the H1-D1 for longer TERM TRADES! You Will Have Losing Trades....Nothng is 100%"


K, can I ask you then if I got this right on this pair...This is a -to short- setup, if the next candle closes red..But, knowing how PA works, it's a double sure to sell if this candle closes as a pinbar now and then you would short it to that first fibo support (257 pips) if every candle after the pinbar closes in red, if not then just to the next support....What do you think??? txxxxxx
I'm sorry for the broken pic link, but my comments go for moderator approval first and then I can see them..I edited it now though.
If this candle had closed as a bearish pinbar, would you have shorted this pair?
Quoting backinblackl


K, can I ask you then if I got this right on this pair...This is a -to short- setup, if the next candle closes red..But, knowing how PA works, it's a double sure to sell if this candle closes as a pinbar now and then you would short it to that first fibo support (257 pips) if every candle after the pinbar closes in red, if not then just to the next support....What do you think??? txxxxxx
This thread is not a signal service .........if you think the trade is vaild ...TAKE THE TRADE....

READ THE THREAD....that would be the best start....
Quoting Dredding82
This thread is not a signal service .........if you think the trade is vaild ...TAKE THE TRADE....

READ THE THREAD....that would be the best start....
Trade should not be taken, candle is closed and not as a pinbar or an engulfing bar. It's a hypothetical scenario where PA might be confirmed with this "system", . Too bad you're not willing to play along . Later, bro
Quoting backinblackl
Trade should not be taken, candle is closed and not as a pinbar or an engulfing bar. It's a hypothetical scenario where PA might be confirmed with this "system", . Too bad you're not willing to play along . Later, bro
Play along....wtf are you 5?

Read the thread and trade it or not.......its that SIMPLE....and there is more then just pinbars or engulfing candles to PRICE ACTION....http://www.candlesticker.com/Default.asp
Happy Holidays Dredding82 and rest of the Freebie System gang!!!!!
I must say....I'm digging the new website layout/theme/font..etc..etc.

Very Classy
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I just want to say that I have been around the block when it comes to the forums and I have to say the information here is incredible. Anyone who says this cant work hasnt tried it out and has not looked at the other worthless systems on here! This system promises to work great if you obey the rules and apply proper money management. I started trading it 2 days ago and I'm up 8% on my account only risking 1-2% for most trades. Some more, some less. I will also say I tend to close out trades once they give me 1:1 There have been MANY instances (in fact almost every trade) that has gone to double the reward to risk and some as much as 10 times reward to risk and still dropping!!! This system is truly epic. I may post some statements in the future to prove what Im saying as well. Something i want to say is I take the with the trend trades primarily and find that trades seem to work out best if the candle that closes red or green to confirm is a somewhat strong one. I dont mean 100 pips either...you want to keep your risk to a minimum. What I mean is it is stronger than recent candles and is therefore telling us momentum could be changing. Ive been at this a long time and Dredding thanks for sharing because this is a beautiful system that anyone can make money on if they practice it....a first for the forums it seems LOL Another note: I trade 15 minutes but watch the 30 and 60m because if they begin to go my way on those time frames and confirm you could very well have a BIG winner.....I just hate letting money sit on the table thats why I close them out once i hit my 1:1; perhaps Ill change that someday...for now 4% a day is good LOL
and while im on my soapbox...why change this system??? I see people trying to add indicators. IT WORKS GREAT as it is IF you follow his rules on page 1!!!! Think about it...you get in WITH THE TREND...the odds are already in your favor and with all the confirmations he has given you should not be losing very often!
Quoting doriotcapita
I just want to say that I have been around the block when it comes to the forums and I have to say the information here is incredible. Anyone who says this cant work hasnt tried it out and has not looked at the other worthless systems on here! This system promises to work great if you obey the rules and apply proper money management. I started trading it 2 days ago and I'm up 8% on my account only risking 1-2% for most trades. Some more, some less. I will also say I tend to close out trades once they give me 1:1 There have been MANY instances...
You only have been using it two days. LMAO, any system can win for two days. Especially the last two days. LOL
Maybe this will rejuvenate the thread for those who like to sit and watch and not talk in the chatroom

Heres a recent trade I took:

Enter:87.475
SL= original 86.80 (67 pips) moved to BE now
TP= 1:4 ration 90.15 267pips (of course I will re-evaluate as the charts dictate)

BUY

1) Failed At Pivot
2) ZZ Semafor On BOTTOM(Within A Few Candles 1-4)
3) Stoch Crossed UP
4) HA Candle Closed GREEN
SL= Last Low(ZZ Semafor Dot)
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I'll keep adding to the thread. Here's a trade I'm in currently. To all newbies still jumping from forum to forum. Take the time to read this one carefully. One of the greatest things about this thread is that it never has changed. The rules are the same since day one. No indicators have been removed, added, substituted, etc..etc. The only debate in the thread seems to come from the use of YOUR OWN TREND INDICATOR. The thread is filled with many but Dred's first post explains it all. Read the thread and practice.
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Nice trade Mustangz, here is my EU entry from the 5th. i bagged 28 pips. 2:1 RR. thanks Dredd
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GO swissy GO!
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Long GU 1Hr:

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The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
Quoting jimmynoodles
Long GU 1Hr:

Attachment 1146893
Stop moved to BE at 1:1 - Risk free trade.

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The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
Quoting jimmynoodles
Stop moved to BE at 1:1 - Risk free trade.

Attachment 1147113
oh well - stopped on that one - looks like some more downside for GU.
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
Zoom out a bit on your charts. You would have seen GbpUsd is in a clear down trend.

Here is my GbpUsd H4 short that i took yesterday around the time you went long. Well a few hours before.
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H1 EurUsd Short...SL moved to BE and reduced risk and locked in profit by closing a % of my lots to insure profit is made even if original SL was hit.
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Quoting Dredding82
Zoom out a bit on your charts. You would have seen GbpUsd is in a clear down trend.

Here is my GbpUsd H4 short that i took yesterday around the time you went long. Well a few hours before.
Thanks for your help much appreciated!
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
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