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Price Action Trading with Indicators! The Freebie System

  • #41
  • Jan 18, 2011 4:06pm Jan 18, 2011 4:06pm
Quoting Wally1953
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!
I would rather you trade it on demo first till you see how the system works and what mistakes you might make.If you have a question about a setup ask about a trade setup but it might take mins-hours for a reply, but please no one post might be setup "trades" unless you fully understand how to use my system.
What i am saying if you want input on what a chart looks like dont be like "selling eurusd 1.3334 SL 1.3353 TP1.3258 "
make sure you ask in the post if it could be a possible setup
  • #42
  • Jan 18, 2011 4:12pm Jan 18, 2011 4:12pm
Quoting Lorka85
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
Not trying to sound mean....but you didnt even read the thread if you did then you would have done what i have told everyone to do if they wanted the indicators..............

This is another reason alot of you traders have been in a forum for 1-5 years trying to learn to trade, because everytime you see a new system someone wants to share you jump on the wagon when you almost understood the last system you were trying to use to trade.

The best place for anyone to start in trading is to look at the standard indicators that come with your platform. Then google the indicator and find out who made it, why they made it, how did they use it, what does the indicator draw its values off of...research every indicator if you can see promise in them.

If you dont really like indicators but want to be an FA(Bigger TFs)
Then find out when all the reports come out why the come out, what do they really mean, why did they come out as said or not as said, what other reports could affect the numbers or give you an insight peek of the possible true release.

just some thoughts to ponder..................
  • #43
  • Jan 18, 2011 4:20pm Jan 18, 2011 4:20pm
Quoting Lorka85
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
ok besides all i just said....yes i have used it on a live account my pictures i posted today were from live real time trades on a LIVE account....is this my only system i have? UH no like i said i also trade FA for longer term trades.
Im pretty sure i posted usdchf and euro......and like i said IT WORKS ON ANY PAIR...
Sorry if you think i am rude...but im trying to help and your useing all these!!!!!!!!!!!! thats YELLING!!!!!! AT!!!!! ME!!!!!! lol

as far as you having platform problems...sorry im not tech support, and it would help if you read the whole thread as stated in last quote of yours....then you wouldnt need tech support cause you would have the indicators
  • #44
  • Jan 18, 2011 4:32pm Jan 18, 2011 4:32pm
Ok i understand !

But, you can just give me the name of your fibo and pivot indicator ? i have see no indicators posted on this thread.

cause on eurusd template, your fibo/pivot indicator is BRANDED on your *.tpl file and work well with EURUSD only. not other pairs.

Thx for all the others informations.

hope this method will got nice succes here, and be patient with all motived newbiz, courage !
  • #45
  • Jan 18, 2011 4:33pm Jan 18, 2011 4:33pm
Dredding, don't get frustrated by these guys, keep posting examples, I am watching intently.
  • #46
  • Jan 18, 2011 4:40pm Jan 18, 2011 4:40pm
Quoting the-game
Dredding, don't get frustrated by these guys, keep posting examples, I am watching intently.
I am but im not....if that makes sense....i mean if everyone would just read a thread from start to finish they would never ask a question lol.
well maybe a few but not the same ones over and over again and again.....but you know what that shows me? They are not serious about trading and they are the 90-95% whateva the number is that think they will find some secert system that will make them rich over night and they will never make it because they dont know how to take there time and wait for a good setup that will give you a good risk/reward
  • #47
  • Jan 18, 2011 4:53pm Jan 18, 2011 4:53pm
You know what? I was about to say the same thing in my last post, it's better to come from you.
  • #48
  • Jan 18, 2011 5:01pm Jan 18, 2011 5:01pm
Quoting the-game
You know what? I was about to say the same thing in my last post, it's better to come from you.
Yea i know somethings shouldnt be said in a forum but if you tell people the truth it will help them more then it will hurt them....well thats they way i was raised and always think. Its worked for me now so why change? lol
  • #49
  • Jan 18, 2011 7:30pm Jan 18, 2011 7:30pm
Quoting Lorka85
Ok i understand !

But, you can just give me the name of your fibo and pivot indicator ? i have see no indicators posted on this thread.

cause on eurusd template, your fibo/pivot indicator is BRANDED on your *.tpl file and work well with EURUSD only. not other pairs.

Thx for all the others informations.

hope this method will got nice succes here, and be patient with all motived newbiz, courage !
PM me with your email for the indicators as everyone else who would like to try this system has been.....this system will work well with EVERY PAIR as i keep saying....but who is really going to trade 100s of pairs at once? Really now just stick to the major pairs with low spread....would make sense right?
  • #50
  • Edited 7:53pm Jan 18, 2011 7:37pm | Edited 7:53pm
Was just checking charts before bed and saw there was this nice lil buy signal on eurusd M15, you might be asking if i was short eariler and now im long? well yes everything on M15 was picture perfect and the H1 changed to long as well

1st Chart *Newbie Setup*
1) ZigZag on bottom
2) Fail of fib pivot
3) Green Candle
4) Stoch is crossed up

2nd Chart*PA Traders*
1) ZigZag on bottom
2) Fail of fib pivot
3) Bullish Engulf reversal pattern
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurom15newbie.gif Size: 24 KB
Click to Enlarge Name: eurom15.gif Size: 21 KB
  • #51
  • Jan 18, 2011 8:10pm Jan 18, 2011 8:10pm
Well since the few that have PMed me are setup now, one even already did a live trade(bad boy) always demo something first lol...anyways i guess once i prove it works ill have to show everyone proper MM so that even if price doesnt go as far as you think you will almost always make money on every trade even if its only 1 pip

Nite Nite prob will be late for London now lol
  • #52
  • Jan 18, 2011 8:19pm Jan 18, 2011 8:19pm
Just looked over chf most days i dont trade it well lately but guess what boys, girls and everyone else!! DING DING DING!!! Winner Winner Chicken Dinner!! lol

1st Chart *Newbie Setup*
1) ZigZag on top
2) Fail of fib pivot
3) Red Candle
4) Stoch is crossed down

2nd Chart*PA Traders*
1) ZigZag on top
2) Fail of fib pivot
3) Bearish Engulf reversal pattern
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfm15newbie.gif Size: 27 KB
Click to Enlarge Name: chfm15pa.gif Size: 26 KB
  • #53
  • Jan 18, 2011 9:55pm Jan 18, 2011 9:55pm
Hi! Dredding, I'd like to learn all PA thread and yours also. It looks like logical system. One more question, your 2nd rule "fail of pivot" what it means when you sell and buy.

Tks.
  • #54
  • Jan 18, 2011 9:57pm Jan 18, 2011 9:57pm
fail of pivot = price goes to pivot only to reverse again

sell = price going up to a pivot then reversing

buy = price going down to a pivot then reversing
  • #55
  • Jan 18, 2011 10:34pm Jan 18, 2011 10:34pm
Quoting the-game
fail of pivot = price goes to pivot only to reverse again

sell = price going up to a pivot then reversing

buy = price going down to a pivot then reversing
Thanks, mate.
  • #56
  • Jan 18, 2011 11:47pm Jan 18, 2011 11:47pm
Hi Dredding,

Thanks for your freebie system.

I have several question based on your posted chart.

Enclosed the chart with question ...

http://i54.tinypic.com/29l08dj.gif


awaiting for your reply ...

Thanks a lot,
  • #57
  • Jan 18, 2011 11:51pm Jan 18, 2011 11:51pm
I thought the same thing as PipFirst
  • #58
  • Jan 19, 2011 12:27am Jan 19, 2011 12:27am
Quoting pipfirst
Hi Dredding,

Thanks for your freebie system.

I have several question based on your posted chart.

Enclosed the chart with question ...

http://i54.tinypic.com/29l08dj.gif


awaiting for your reply ...

Thanks a lot,
The first yellow line you would not beable to have taken because at that time the Fib Pivot lines were different im pretty sure the Fib Pivot was higher before the close of the day. But if there was a Fib Pivot in that area that one of those candles did fail off of then yes the first would have been a VALID setup and you would be drinking a beer on a beach in miami right now with some hot blonde lol jk.

The second yellow line candle does not meet the setup.... EVERYTHING is at CANDLE Close!
1) Candle is not closed yet SO NO CLEAR FAIL AT FIB PIVOT
2) Stoch is not heading down, it has crossed up
3) Candle is not green
4) ZigZag is not on top i clearly see a big ole 3 on the bottom

If you take a look at the read line i added to the chart a few candles back that is a clear setup for a sell......which is why i added the pic

When there is a fail at a Fib Pivot this means price has tried to break thru the level but has closed above or below the Fib pivot..... and will now continue with the current trend.
  • #59
  • Edited 12:55am Jan 19, 2011 12:45am | Edited 12:55am
1st Chart *Newbie Setup*
1st Red Line
1) ZigZag on top
2) Fail of fib pivot
3) Red Candle
4) Stoch is crossed Down

2nd Red Line
1) ZigZag on bottom
2) Fail of fib pivot
3) Green Candle
4) Stoch is crossed up

2nd Chart*PA Traders*
1st Red Line
1) ZigZag on top
2) Fail of fib pivot
3) Double Bar High Lower Close(DBHLC) reversal pattern

2nd Red Line
1) ZigZag on bottom
2) Fail of fib pivot
3) Inside Bar Breakout reversal pattern( there are also alot of pin bars that failed on the Fib Pivot which some PA traders might have taken)

These are what you look for ...as i have said go with the trend but if trend was up or down at the time they would be valid setups as long as they were with the trend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jpynewbie.gif Size: 29 KB
Click to Enlarge Name: jpypa.gif Size: 28 KB
  • #60
  • Jan 19, 2011 12:53am Jan 19, 2011 12:53am
Hi Dredding82,

Thanks for your reply.

btw, for the 1st chart and 2nd chart give different time to entry ?

for the 1st chart we wait for the 1st green candle to close and directly entry on the open of 2nd candle (which you mark in red line) ?

sorry for many question..

Thanks,

Quoting Dredding82
1st Chart *Newbie Setup*
1st Red Line
1) ZigZag on top
2) Fail of fib pivot
3) Red Candle
4) Stoch is crossed Down

2st Red Line
1) ZigZag on bottom
2) Fail of fib pivot
3) Green Candle
4) Stoch is crossed up

2nd Chart*PA Traders*
1st Red Line
1) ZigZag on top
2) Fail of fib pivot
3) Double Bar High Lower Close(DBHLC) reversal pattern

1st Red Line
1) ZigZag on bottom
2) Fail of fib pivot
3) Inside Bar Breakout reversal pattern
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