Very Easy System!! & SUPER Profitable!! If Traded Properly!!!
Why is it called "The Freebie Newbie BOLOSO System"? BECAUSE IT IS FREE & Newbie FRIENDLY!!!
What does BOLOSO stand for? Break Out Limit Order Stop Order............Set & Forget Trading MADE SIMPLE!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!READ THE WHOLE THREAD BEFORE YOU POST ANYTHING!!!!!!!!!!!!!!!!!!!!!!!!!!
YES THIS IS PRICE ACTION TRADING! If you have something to say about repainting indicators....READ MY OTHER THREAD! All ready went over all that BS with other people that DO NOT trade for a living and they do not know HOW TO USE a indicator properly!
If you want to call me out on something/be rude or think i am wrong about something....LETS TAKE IT OUTSIDE THE THREAD,LIKE MEN!!(PM me)....Im sure i can PROVE to you how your wrong and im right!! I am here to HELP people not ARGUE WITH IMMATURE NEWBIES that dont know anything!! or IMMATURE OLD TRADERS that are stuck in there OLD WAYS!(Cant Teach an OLD DOG NEW TRICKS!) lol
Here is the LINK to the 1st Freebie System Thread: ~~~http://www.forexfactory.com/showthread.php?t=276813
I must warn you people there trashed it with alot of the same questions so its full of BS questions that have been answered like 100 times over and over again!
LOOK AT THE POLLS!!
DO NOT post on this thread with questions about OTHER indicators ...THEY ARE NOT NEEDED! I DO NOT add other indicators then find new ones like other thread starters!!!DO NOT ask me if i trade this or if it is profitable! ...look at the other thread i started....ALL ANSWERS are there....DO NOT post asking for the indicators..DO NOT post asking others for indicators, PM THEM!!.IF you DO NOT know what is on my charts PM me...these indicators ARE FREE and CAN ALL be SEARCHED AND FOUND on this forum or any other forum about investing! KEEP THIS THREAD CLEAN OF BS QUESTIONS!!!! PLEASE!!
** IF YOU DO ANY OF THE ABOVE YOU WILL BE PUT ON IGNORE!**
**What is a BS question you ask? ANY QUESTION THAT HAS ALREADY BEEN ANSWERED MORE THEN ONE(1) TIME!**
If you want to upload indicators or make statements about trades you have taken ...PLEASE upload a picture to help others see what you are talking about.
INDICATORS
1) ZZ Semafor
2) ZigZag
3) Pivot & Mid Pivot Points---Any Pivots or Round Numbers(Levels) WILL WORK!
4) Daily Range Calculator(ADR)
**You can adjust the ZZ Semafor & ZigZag Settings as you wish, just note THERE ARE NO MAGIC SETTINGS!**
There are only 3 SIMPLE RULES!
DONT Trade with EMOTIONS!! If your SCARED TO LOSE MONEY....YOUR TOO SCARED TO MAKE MONEY!!
RULES:
SELL Limit Order
Trade With The Trend
1) ZZ Semafor On TOP
2) ZigZag on TOP
3) Place Sell order at last LOW (ZZ Semafor Dot) Add Spread if you want.
SL= Last High(ZZ Semafor Dot BEFORE SIGNAL) You can add Spread if you want.
TP= 1:1-1:4+(risk/reward) or Use Other Pivots(The Daily Range indicator will tell you what pivot to MAX PROFITS)
DONT BE GREEDY!
You place the order once a LOW has been formed which can be seen by the ZZ Dot & ZigZag AND the ZZ indicator & ZigZag indicator starts heading HIGHER. Once order has been filled you can move your SL to the last HIGH ZZ Dot before the entry to reduce your risk even more.
BUY Limit Order
Trade With The Trend
1) ZZ Semafor On BOTTOM
2) ZigZag On BOTTOM
3) Place Buy order at last HIGH (ZZ Semafor Dot) Add Spread if you want.
SL= Last Low(ZZ Semafor Dot BEFORE SIGNAL) You can add Spread if you want.
TP= 1:1-1:4+(risk/reward) or Use Other Pivots(The Daily Range indicator will tell you what pivot to MAX PROFITS)
DONT BE GREEDY!
You place the order once a high has been formed which can be seen by the ZZ Dot & ZigZag AND the ZZ indicator & ZigZag indicator starts heading LOWER. Once order has been filled you can move your SL to the last LOW ZZ Dot before the entry to reduce your risk even more.
Money Management/Break Even/Lot Size...etc......is up to YOU! The Freebie Newbie BOLOSO System will get you in the trades you just have to manage them properly!!
I will add the MM/BE/TSL and other parts of how i trade my system as this thread picks up.
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....Nothing is 100%
Trend= More Pips
Counter Trend= Less Pips
For which way to trade, buy or sell......GO WITH A HIGHER TFs TREND! HUH? WHAT? I dont understand?..........TREND is up to you, i look for higher highs or lower lows on a higher TF....TOO HARD? Then use a Moving Average or some kind of TREND indicator you are comfortable with like SuperTrend,TopTrend,Trend Strength,HMA,Parabolic SAR, HA CANDLE COLOR!!!...ETC...If you cant find the TREND...stick with your day job cause trend is not that hard...
Any questions look at my other thread for this system....I KNOW THE ANSWERS ARE IN IT! LOL....
Attached is the Indicators & BASIC TEMPLATE! YOU MUST ADD your Trend INDICATOR!
I am very active in my "Freebie Newbie System" Thread in the Trading Journals section...but i will try and be just as active here to try and help everyone but the system is REALLY SIMPLE.
************* Please Take The Poll On This Thread & Please RATE MY THREAD************
Why is it called "The Freebie Newbie BOLOSO System"? BECAUSE IT IS FREE & Newbie FRIENDLY!!!
What does BOLOSO stand for? Break Out Limit Order Stop Order............Set & Forget Trading MADE SIMPLE!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!READ THE WHOLE THREAD BEFORE YOU POST ANYTHING!!!!!!!!!!!!!!!!!!!!!!!!!!
YES THIS IS PRICE ACTION TRADING! If you have something to say about repainting indicators....READ MY OTHER THREAD! All ready went over all that BS with other people that DO NOT trade for a living and they do not know HOW TO USE a indicator properly!
If you want to call me out on something/be rude or think i am wrong about something....LETS TAKE IT OUTSIDE THE THREAD,LIKE MEN!!(PM me)....Im sure i can PROVE to you how your wrong and im right!! I am here to HELP people not ARGUE WITH IMMATURE NEWBIES that dont know anything!! or IMMATURE OLD TRADERS that are stuck in there OLD WAYS!(Cant Teach an OLD DOG NEW TRICKS!) lol
Here is the LINK to the 1st Freebie System Thread: ~~~http://www.forexfactory.com/showthread.php?t=276813
I must warn you people there trashed it with alot of the same questions so its full of BS questions that have been answered like 100 times over and over again!
LOOK AT THE POLLS!!
DO NOT post on this thread with questions about OTHER indicators ...THEY ARE NOT NEEDED! I DO NOT add other indicators then find new ones like other thread starters!!!DO NOT ask me if i trade this or if it is profitable! ...look at the other thread i started....ALL ANSWERS are there....DO NOT post asking for the indicators..DO NOT post asking others for indicators, PM THEM!!.IF you DO NOT know what is on my charts PM me...these indicators ARE FREE and CAN ALL be SEARCHED AND FOUND on this forum or any other forum about investing! KEEP THIS THREAD CLEAN OF BS QUESTIONS!!!! PLEASE!!
** IF YOU DO ANY OF THE ABOVE YOU WILL BE PUT ON IGNORE!**
**What is a BS question you ask? ANY QUESTION THAT HAS ALREADY BEEN ANSWERED MORE THEN ONE(1) TIME!**
If you want to upload indicators or make statements about trades you have taken ...PLEASE upload a picture to help others see what you are talking about.
INDICATORS
1) ZZ Semafor
2) ZigZag
3) Pivot & Mid Pivot Points---Any Pivots or Round Numbers(Levels) WILL WORK!
4) Daily Range Calculator(ADR)
**You can adjust the ZZ Semafor & ZigZag Settings as you wish, just note THERE ARE NO MAGIC SETTINGS!**
There are only 3 SIMPLE RULES!
DONT Trade with EMOTIONS!! If your SCARED TO LOSE MONEY....YOUR TOO SCARED TO MAKE MONEY!!
RULES:
SELL Limit Order
Trade With The Trend
1) ZZ Semafor On TOP
2) ZigZag on TOP
3) Place Sell order at last LOW (ZZ Semafor Dot) Add Spread if you want.
SL= Last High(ZZ Semafor Dot BEFORE SIGNAL) You can add Spread if you want.
TP= 1:1-1:4+(risk/reward) or Use Other Pivots(The Daily Range indicator will tell you what pivot to MAX PROFITS)
DONT BE GREEDY!
You place the order once a LOW has been formed which can be seen by the ZZ Dot & ZigZag AND the ZZ indicator & ZigZag indicator starts heading HIGHER. Once order has been filled you can move your SL to the last HIGH ZZ Dot before the entry to reduce your risk even more.
BUY Limit Order
Trade With The Trend
1) ZZ Semafor On BOTTOM
2) ZigZag On BOTTOM
3) Place Buy order at last HIGH (ZZ Semafor Dot) Add Spread if you want.
SL= Last Low(ZZ Semafor Dot BEFORE SIGNAL) You can add Spread if you want.
TP= 1:1-1:4+(risk/reward) or Use Other Pivots(The Daily Range indicator will tell you what pivot to MAX PROFITS)
DONT BE GREEDY!
You place the order once a high has been formed which can be seen by the ZZ Dot & ZigZag AND the ZZ indicator & ZigZag indicator starts heading LOWER. Once order has been filled you can move your SL to the last LOW ZZ Dot before the entry to reduce your risk even more.
Money Management/Break Even/Lot Size...etc......is up to YOU! The Freebie Newbie BOLOSO System will get you in the trades you just have to manage them properly!!
I will add the MM/BE/TSL and other parts of how i trade my system as this thread picks up.
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....Nothing is 100%
Trend= More Pips
Counter Trend= Less Pips
For which way to trade, buy or sell......GO WITH A HIGHER TFs TREND! HUH? WHAT? I dont understand?..........TREND is up to you, i look for higher highs or lower lows on a higher TF....TOO HARD? Then use a Moving Average or some kind of TREND indicator you are comfortable with like SuperTrend,TopTrend,Trend Strength,HMA,Parabolic SAR, HA CANDLE COLOR!!!...ETC...If you cant find the TREND...stick with your day job cause trend is not that hard...
Any questions look at my other thread for this system....I KNOW THE ANSWERS ARE IN IT! LOL....
Attached is the Indicators & BASIC TEMPLATE! YOU MUST ADD your Trend INDICATOR!
I am very active in my "Freebie Newbie System" Thread in the Trading Journals section...but i will try and be just as active here to try and help everyone but the system is REALLY SIMPLE.
************* Please Take The Poll On This Thread & Please RATE MY THREAD************
Attached Image(s) (click to enlarge)
Attached File(s)
to 
. About trusting the system and oneself.........
