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-   -   Price Action Trading with Indicators! The Freebie System (https://www.forexfactory.com/thread/276813-price-action-trading-with-indicators-the-freebie-system)

Dredding82 Jan 18, 2011 12:58pm | Post# 21

Is there something called a fib pivot point or do you mean the regular pivot points? I was looking at your method and it seems to have great R/R potential
I use Fib Pivots with mid pivot points you can even hand draw your fib lines if that makes you feel better with the system but less i have to do is the more i can make since i dont have to spend time drawing lines on my charts.

gogoprovost Jan 18, 2011 1:00pm | Post# 22

ALso I see you have Heiken Ashi candles, is that a must?
Dont worry about naysayers, I really think your system has potential and I'm kind of a smartass too so I like your style.

gogoprovost Jan 18, 2011 1:01pm | Post# 23

I use Fib Pivots with mid pivot points you can even hand draw your fib lines if that makes you feel better with the system but less i have to do is the more i can make since i dont have to spend time drawing lines on my charts.
Ok thanks

can you post your indicators in here? I'd like to have that auto fibo indicator you're using. Thanks a lot

Dredding82 Jan 18, 2011 1:03pm | Post# 24

ALso I see you have Heiken Ashi candles, is that a must?
Dont worry about naysayers, I really think your system has potential and I'm kind of a smartass too so I like your style.
Yes Heiken Ashi candles are a must its one of the non repaint indicators which makes this system work....the reason for it is why this system works in trending and ranging markets....which makes it a COMPLETE system lol

Dredding82 Jan 18, 2011 1:11pm | Post# 25

YAY!! 1:1
 
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WOW 1:1 risk/reward was reached....pretty KOOL!! lol gonna let this puppy run over night for sure and see it i can grab atleast 100 pips if not a few hundred!! If not oh well still made profit with my MM already
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Cubbybgood Jan 18, 2011 1:15pm | Post# 26

Oh i know it works and really well....but if people keep doubting without trying it then im just going to pull the pics and everything and let people keep losing money while i make it. lol but im sure there will be alot of people saying it doesnt work or blah blah blah...if they would just look at what the indicators were made for then they would understand it works in ranging/trending markets any TF and any pair which is what you want in a complete trading system. But really thanks for your words of encouragement..
Also, one more thing.

I've noticed that systems shared here need to be explained well so those that you share it with do not make stupid mistakes. You are the creator of this system so there for knowing how to trade it best.

Keep sharing your pictures and information with us so we can fully understand how your head is working with this system so we don't make those stupid mistakes.

But note to others. Please read the entire thread before you ask your question. Most likely it's been answered all ready.

indranghimir Jan 18, 2011 1:17pm | Post# 27

indicators
 
i think you may have by mistake removed the indis when you posted the new template. hope you would do that once you have taken a breather from accumulating thos pips!!!

Dredding82 Jan 18, 2011 1:18pm | Post# 28

Also, one more thing.

I've noticed that systems shared here need to be explained well so those that you share it with do not make stupid mistakes. You are the creator of this system so there for knowing how to trade it best.

Keep sharing your pictures and information with us so we can fully understand how your head is working with this system so we don't make those stupid mistakes.

But note to others. Please read the entire thread before you ask your question. Most likely it's been answered all ready.
Yea i got that the first couple of posts so i made the rules every simple and theres only 4....so if you cant follow 4 simple enter rules then trading this system and any one that isnt just a MA cross prob is not for them

Dredding82 Jan 18, 2011 1:47pm | Post# 29

Do you think its just LUCK?
 
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Yea it might sound cocky.....but hey gotta show you can make some kinda money off this system right? Anyways just took a look at the eurusd H4 chart and it looks like its almost ready for a setup for a short also.....prob sticking my foot in my mouth but like i said i already took my profit off my trade and even if it does reverse to my SL i cant lose i will only break even on that trade but then i would also be in a buy by then for profit
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Dredding82 Jan 18, 2011 1:50pm | Post# 30

Ok thanks

can you post your indicators in here? I'd like to have that auto fibo indicator you're using. Thanks a lot
I have sent you a PM if you want the indicator, since no one wanted to take me serious i wont give them out unless people ask. If they dont ask they can search the forums

fugly Jan 18, 2011 1:53pm | Post# 31

Dredding thks for the system but if you have subscribers for managed accounts as your website says, I think its probably against forum rules to post in the trading systems section. You should have started your thread in the commercial section. Not really sure though, forum policy has changed so many times ..... we'll see what Twee decides

neways thks for the the trouble you took to post your system

Dredding82 Jan 18, 2011 1:56pm | Post# 32

Dredding thks for the system but if you have subscribers for managed accounts as your website says, I think its probably against forum rules to post in the trading systems section. You should have started your thread in the commercial section. Not really sure though, forum policy has changed so many times ..... we'll see what Twee decides

neways thks for the the trouble you took to post your system
Im not selling this system it is FREE!! for people that are tired of losing there money ......And we do not sell any systems on my site either so i dont see how helping people is bad unless your a broker lol but no worries i took my website off my name, i dont see why they would ask you if you wanted to share your website in your profile just so they could ban or put your thread in the trash....really does not make sense!

gogoprovost Jan 18, 2011 2:16pm | Post# 33

I have sent you a PM if you want the indicator, since no one wanted to take me serious i wont give them out unless people ask. If they dont ask they can search the forums
Got it I found one that looks like yours, thanks a lot man keep up the good work I'll follow this thread

Dredding82 Jan 18, 2011 2:22pm | Post# 34

Got it I found one that looks like yours, thanks a lot man keep up the good work I'll follow this thread
ok man sorry not trying to be a dick to everyone just dont want all these haters talking crap because they dowloaded the indicators and template but then didnt read the 4 easy rules to use them right or just took a look and thought it was way to simple to work....keep in touch though


"One bad apple can ruin the bunch"

epalisi Jan 18, 2011 2:53pm | Post# 35

Entry/Exit Rules
 
Can you please remind us all what the entry and exit rules are since I just can't find it correclty explained in plain English in this thread?

Sorry but there's people here that don't understand your slang.

Thanks!




ok man sorry not trying to be a dick to everyone just dont want all these haters talking crap because they dowloaded the indicators and template but then didnt read the 4 easy rules to use them right or just took a look and thought it was way to simple to work....keep in touch though


"One bad apple can ruin the bunch"

Dredding82 Jan 18, 2011 3:09pm | Post# 36

Can you please remind us all what the entry and exit rules are since I just can't find it correclty explained in plain English in this thread?

Sorry but there's people here that don't understand your slang.

Thanks!
RULES TO ENTER A TRADE

1) ZigZag(zz indicator) above candle(sell) below(buy)
2) Fails at a Fib pivot --means hits fib pivot but closes above or below
>------------------------If you like price action then you dont need the last 2 just confirm with those setups but for newbies i would use them
3) Candle Green(buy) Red(sell)
4) Stoch crossed Up(buy) Down(sell)

Always wait for the Candle to close ....If trading on H4 change fib pivots "Myperiod" to 10080 and so on, im sure you guys can figure this part out.

Those are the 4 steps....SL at last low/high TP 1:1-1:4+ risk/reward or use S&R lines (other fib pivots)

lacika Jan 18, 2011 3:34pm | Post# 37

RULES TO ENTER A TRADE
2) Fails at a Fib pivot --means hits fib pivot but closes above or below
You use the original candle close, or the heiken ashi close?
Also, when You talk about PA, first I supposed You talk about the 'normal' candles, am I wrong?

THX

Wally1953 Jan 18, 2011 3:51pm | Post# 38

RULES TO ENTER A TRADE

1) ZigZag(zz indicator) above candle(sell) below(buy)
2) Fails at a Fib pivot --means hits fib pivot but closes above or below
>------------------------If you like price action then you dont need the last 2 just confirm with those setups but for newbies i would use them
3) Candle Green(buy) Red(sell)
4) Stoch crossed Up(buy) Down(sell)

Always wait for the Candle to close ....If trading on H4 change fib pivots "Myperiod" to 10080 and so on, im sure you guys can figure this part out.

Those are the...
Very nice, Dredding, thank you. It all makes sense now.

Just wondering, is it okay to post an occasional trade for your input, or would that clutter the thread up too much?

Thanks a bunch for this simple system!

Lorka85 Jan 18, 2011 3:53pm | Post# 39

hi dear Dredding82, thanx for the share of your system.

I would know if you use this system in real acount, since 2 years ?

and technical question : i dont see the fibot / pivot indicator in all pairs,
but the template show it only on EURUSD pair !
i cant configure the color, cause i dont see the pivot/ fibs indicator on the options !

could you share all your indicator with the template (like others methods) in a zip file, and the hi/low lines indicator like showed in your last pictures ?

regards

Dredding82 Jan 18, 2011 5:01pm | Post# 40

You use the original candle close, or the heiken ashi close?
Also, when You talk about PA, first I supposed You talk about the 'normal' candles, am I wrong?

THX

If you are using the heiken ashi then dont worry about Price Action...thats is what the extra indicators i added are for, heiken ashi will tell you when a price action setup has happened by changing colors.

If you like to use PA(price action) and know the right reversal setups dont add the heiken ashi indicator....

I have attached a "Freebie Newbie" and a Freebie Price Action" template now on 1st post for the 2 different trading types


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