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Price Action Trading with Indicators! The Freebie System

  • #21
  • Jan 18, 2011 11:58am Jan 18, 2011 11:58am
Quoting gogoprovost
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.
  • #22
  • Jan 18, 2011 12:00pm Jan 18, 2011 12:00pm
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.
  • #23
  • Jan 18, 2011 12:01pm Jan 18, 2011 12:01pm
Quoting Dredding82
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
  • #24
  • Jan 18, 2011 12:03pm Jan 18, 2011 12:03pm
Quoting gogoprovost
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
  • #25
  • Jan 18, 2011 12:11pm Jan 18, 2011 12:11pm
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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  • #26
  • Jan 18, 2011 12:15pm Jan 18, 2011 12:15pm
Quoting Dredding82
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.
  • #27
  • Jan 18, 2011 12:17pm Jan 18, 2011 12:17pm
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!!!
  • #28
  • Jan 18, 2011 12:18pm Jan 18, 2011 12:18pm
Quoting Cubbybgood
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
  • #29
  • Jan 18, 2011 12:47pm Jan 18, 2011 12:47pm
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
Attached Image (click to enlarge)
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  • #30
  • Jan 18, 2011 12:50pm Jan 18, 2011 12:50pm
Quoting gogoprovost
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
  • #31
  • Jan 18, 2011 12:53pm Jan 18, 2011 12:53pm
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
  • #32
  • Edited 1:09pm Jan 18, 2011 12:56pm | Edited 1:09pm
Quoting fugly
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!
  • #33
  • Jan 18, 2011 1:16pm Jan 18, 2011 1:16pm
Quoting Dredding82
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
  • #34
  • Jan 18, 2011 1:22pm Jan 18, 2011 1:22pm
Quoting gogoprovost
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"
  • #35
  • Jan 18, 2011 1:53pm Jan 18, 2011 1:53pm
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!




Quoting Dredding82
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"
  • #36
  • Jan 18, 2011 2:09pm Jan 18, 2011 2:09pm
Quoting epalisi
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)
  • #37
  • Jan 18, 2011 2:34pm Jan 18, 2011 2:34pm
Quoting Dredding82
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
  • #38
  • Jan 18, 2011 2:51pm Jan 18, 2011 2:51pm
Quoting Dredding82
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!
"Be the change that you wish to see in the world." --Gandhi
  • #39
  • Jan 18, 2011 2:53pm Jan 18, 2011 2:53pm
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
  • #40
  • Edited 9:01pm Jan 18, 2011 4:01pm | Edited 9:01pm
Quoting lacika
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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