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Price Action Trading with Indicators! The Freebie System

  • #61
  • Jan 19, 2011 12:54am Jan 19, 2011 12:54am
Do we always follow the big no.3 direction ?

Thanks,

Quoting Dredding82
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)...
  • #62
  • Jan 19, 2011 1:10am Jan 19, 2011 1:10am
Quoting pipfirst
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,
Because that is the difference between the Freebie Newbie setup and the Freebie Price Action setup.....both give good signals but one will always be later or sooner then the other.....Freebie Newbie is what people need to use unless they know price action setups
  • #63
  • Jan 19, 2011 1:10am Jan 19, 2011 1:10am
Quoting pipfirst
Do we always follow the big no.3 direction ?

Thanks,
It doesnt matter which number on zigzag you follow....i just use them for how far the trade might go in my favor with my TP areas
  • #64
  • Jan 19, 2011 1:22am Jan 19, 2011 1:22am
Hi Dredding,

can you please upload the indicator ? since I have been looking for the fib pivot indicator and not find the similar.


Thanks n Regards,
  • #65
  • Jan 19, 2011 1:24am Jan 19, 2011 1:24am
Quoting pipfirst
Hi Dredding,

can you please upload the indicator ? since I have been looking for the fib pivot indicator and not find the similar.


Thanks n Regards,
Once again....PM ME FOR INDICATOR
  • #66
  • Jan 19, 2011 1:37am Jan 19, 2011 1:37am
since i am a newb with very few posts so far, i cant even pm you. thanks for being patient with us lot....i think i may have caught most the indicators before you removed it...cheers for the simple effective system
  • #67
  • Jan 19, 2011 2:02am Jan 19, 2011 2:02am
Quoting indranghimir
since i am a newb with very few posts so far, i cant even pm you. thanks for being patient with us lot....i think i may have caught most the indicators before you removed it...cheers for the simple effective system
Thanks indranghimir.....all the indicators were named in past posts if you sort thru them....I would look up things that caught my eye on this forum and post in the thread about it...ask questions but only if not already answered to get your ranking up
  • #68
  • Jan 19, 2011 2:12am Jan 19, 2011 2:12am
have to wait to confirm
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  • #69
  • Jan 19, 2011 2:40am Jan 19, 2011 2:40am
Quoting Dredding82
have to wait to confirm
It was confirmed.
SL I put above the magic nr. 3.

Dredding, your strategy seems to me interesting. Thank you for sharing!
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  • #70
  • Jan 19, 2011 2:49am Jan 19, 2011 2:49am
Quoting tandrei
It was confirmed.
SL I put above the magic nr. 3.

Dredding, your strategy seems to me interesting. Thank you for sharing!
Yes it was confirmed i did enter a bit late though and it shot to 20 pips profit within seconds for me H1 looks like it could confirm a short now also but we are in an uptrend so TP or use good MM on trades like these

I never thought my thread would get over 7,000 views in the first 24 hours of me posting it....that was a shocker
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  • #71
  • Jan 19, 2011 3:04am Jan 19, 2011 3:04am
Quoting Dredding82
Yes it was confirmed i did enter a bit late though and it shot to 20 pips profit within seconds for me H1 looks like it could confirm a short now also but we are in an uptrend so TP or use good MM on trades like these
I want to ask you about the potential set-up on H1

Quoting Dredding82
I never thought my thread would get over 7,000 views in the first 24 hours of me posting it....that was a shocker
Could be:

1. (for me was) combination of PA with indicators (something like oil and water)
2. you are a marketing guru
3. it was God will

Thank you!

PS: I must admit that at first time your strategy was very strange for me
  • #72
  • Jan 19, 2011 3:11am Jan 19, 2011 3:11am
H1 eurusd did confirm for a downward movement to be highly possible......im already in so going to use MM and hope this is the break back down i have been waiting for. If not i will take the next long
Attached Image (click to enlarge)
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  • #73
  • Jan 19, 2011 3:18am Jan 19, 2011 3:18am
Quoting Dredding82
H1 eurusd did confirm for a downward movement to be highly possible......im already in so going to use MM and hope this is the break back down i have been waiting for. If not i will take the next long
I understood that we must wait the bar to close but we wait with an order stop or could be at the open of the next bar (sorry if you answered already but I didn't found)?

Thank you!
  • #74
  • Jan 19, 2011 3:32am Jan 19, 2011 3:32am
just checked my charts and seen these M15 already happened but H1 could still be vaild....but it like euro is also in an uptrend
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  • #75
  • Jan 19, 2011 3:47am Jan 19, 2011 3:47am
Just received the indies, set up and there is a trade. Didn't want to run much-made about 18 before turning.
£$ just like the governor's chart above.
Must read the thread again to see about TP/SL
Attached Image
  • #76
  • Edited 4:05am Jan 19, 2011 3:48am | Edited 4:05am
M15 chart just confirmed a buy enter

SL was hit for -39 pips

euro short is in profit of 20 pips and gbp is up 45 pips
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  • #77
  • Jan 19, 2011 3:49am Jan 19, 2011 3:49am
Hi Dredding82.Love the thread you started.Great system.Can you tell me as i have not used Heiken charts, where does one enter potential trades , as the close price does not seem to be the same on heiken charts, compared to bar charts.Can you help me in my confused state. Do i enter on Heiken close where the bar close tells me?
Thanks again for the great thread
Rtcw37
  • #78
  • Jan 19, 2011 3:52am Jan 19, 2011 3:52am
Quoting rtcw37
Hi Dredding82.Love the thread you started.Great system.Can you tell me as i have not used Heiken charts, where does one enter potential trades , as the close price does not seem to be the same on heiken charts, compared to bar charts.Can you help me in my confused state. Do i enter on Heiken close where the bar close tells me?
Thanks again for the great thread
Rtcw37
Read post #1.......Candle Close(could enter a few seconds before but that is up to you)
  • #79
  • Jan 19, 2011 3:54am Jan 19, 2011 3:54am
Quoting Phreddy
Just received the indies, set up and there is a trade. Didn't want to run much-made about 18 before turning.
£$ just like the governor's chart above.
Must read the thread again to see about TP/SL
Please attach a better pic with the pair so i can see what you were trading and can help
  • #80
  • Jan 19, 2011 3:57am Jan 19, 2011 3:57am
up 35 pips now, the euro short is still up in profit alil bit even if i lose the long i entered i will end up in profit cause of my risk/reward

gpb SL was 26 pips so it reached the 1:1
still waiting on euro trades to give somthing up
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