I will try it and speak my mind on it.
Freebie 1 min trading method 1,227 replies
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DislikedYour OP has me thinking infomercial for some reason.... Just sayin'
(disregarding method merit etc)
But GL none the less!Ignored
DislikedWill try this and use it in conjunction with original Freebie Newbie original...
Looking forward to FNPro
Thanks D82...Ignored
DislikedDont over load yourself with trading systems...if you are already ok trading the first system i posted here then go ahead. If not then you would just try this on the higher TFs till you either get the first one or this one shows it is easier for you to trade.
Since most that are in my other thread get why and how it works i thought i would start slow with breakout trades before i let the Freebie PRO System out to the public....Ignored
DislikedGood point. Nice to be present from the beginning of this thread. I can be the first one to ask the questions
1. I checked the ZZ semafor indi and its settings are a bit different than in the freebie newbie. Have you tweaked them to work better with this approach? Maybe only for M15?
2. About TP rules. RR 1:1-1:4 (+risk/reward). Does this mean that you aim atleast 2:1 and do you use the same money management rules than in freebie newbie (2 positions and the first closed at RR 1:1 (or 2:1 with this approach?))
3. About the trades in your pics...Ignored
DislikedLook at a chart while reading the #1 post....all answers are there you just need to STOP OVER THINKING! which you do way to much man lol
I never said open 2 positions with ANY system i have talked about...
Risk:Reward is RISK REWARD....There is not magic answer to what ratio to close your whole position on....Money Mangement is KEY to any system and it working for the trader. 1:1 is just the smallest amount of profit you should look to close your position...For this system or ANY system..
It is UP TO YOU when you WANT TO TRADE...THERE IS NO...Ignored
DislikedThanks man. Sorry about those positions. Mixed my ways and your sayings (I open several positions, because I can close only an entire position at a time (not half positions like you mentioned on that other thread) in my broker.
You are right with that Im overthinking, but Im not sure if I can help myself from making things complex while learning them but I sure can make less questions, lolIgnored
Dislikedhi dredding... can you put the indicators, please?... I Canīt open the zip
thanksIgnored
DislikedCheers for the thread. Price action is king. Thanks also to Law Girl for the indy. It gives the direction of RSI (3) across five timeframes.
Just be sure to change the settings so that it only shows the trend of the current pair you are looking at - or 15 or so pairs come up at once.Ignored
DislikedIf you can not close a % of your lots from just one trade...then like i have said your starting capital is not enough for the account type you have since you are only able to trade the smallest lot size your broker offers. You should down grade your account status so that you can do so.
**EDIT** Just so you know...if on a standard account 10 cent is 0.01 lots...on a mirco account 10 cent would be 1.0 lots...so you can still trade the same amount but with the different account type you will beable to imply better MONEY MANAGEMENT, you will also...Ignored
DislikedD82,
Thanks for sharing your system.
Correct determination of the trend is oft times a fickle choice. Direction can reverse on a dime. Why not let the actual price action determine the direction?
We will maintain your trading method but PA allows us to make a profit with a move in either direction. Simply straddle pending orders on the corresponding zz/semafor points for a breakout in either direction. Cancel the order that doesn't get hit.
Best regards,
BC2Ignored