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Price Action Trading with Indicators! The Freebie System

  • #81
  • Jan 19, 2011 4:02am Jan 19, 2011 4:02am
Quoting tandrei
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!
wait till the bar closes then if everything is ok hit the order button with SL TP already set....
  • #82
  • Jan 19, 2011 4:09am Jan 19, 2011 4:09am
Quoting tandrei
I want to ask you about the potential set-up on H1



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
Yes im sure it is strange for eveyone that thought only lagging,price action could work and then they saw me with REPAINTERS which i truely do love!! lol

What setup on H1? what pair?
  • #83
  • Jan 19, 2011 4:15am Jan 19, 2011 4:15am
Well i have gave prob like 30 people the indicators but i dont see anyone posting about them using it....all i get is questions on how to use...

If any of you are using it please share if the system really works...and some of the trades you have paper traded or demo traded
  • #84
  • Jan 19, 2011 4:35am Jan 19, 2011 4:35am
gpb hit almost a 1:3 risk/reward
  • #85
  • Jan 19, 2011 5:05am Jan 19, 2011 5:05am
Hi Dredging,

I cant find the indicators on your first page. I only see your template.

Can u add it to the first post...let me also try it with u...

Quoting Dredding82
Well i have gave prob like 30 people the indicators but i dont see anyone posting about them using it....all i get is questions on how to use...

If any of you are using it please share if the system really works...and some of the trades you have paper traded or demo traded
  • #86
  • Jan 19, 2011 5:18am Jan 19, 2011 5:18am
Hi,

I try to buy Uchf based on H1 chart.

http://i53.tinypic.com/2wmm8b5.gif

Where I put the Stop Loss, it is below fib S1 ?

Let's see...
  • #87
  • Jan 19, 2011 5:29am Jan 19, 2011 5:29am
Quoting Dredding82
Please attach a better pic with the pair so i can see what you were trading and can help
OK, it was the £$, do you want it full size?
  • #88
  • Jan 19, 2011 5:29am Jan 19, 2011 5:29am
Quoting pipfirst
Hi,

I try to buy Uchf based on H1 chart.

http://i53.tinypic.com/2wmm8b5.gif

Where I put the Stop Loss, it is below fib S1 ?

Let's see...
below the green dots
  • #89
  • Jan 19, 2011 5:32am Jan 19, 2011 5:32am
selling USD/JPY based on 15 minutes chart.

http://i51.tinypic.com/fpb1na.gif
  • #90
  • Jan 19, 2011 5:35am Jan 19, 2011 5:35am
Hi,

If I put below the green dot .. so the TP set will be around 50 pips.

let see ..

do you try on 4 hours time frame ?

How about if in H1 give buy signal and in 15 min chart give sell signal ? just like USD/JPY pair.


Quoting Dredding82
below the green dots
  • #91
  • Jan 19, 2011 5:37am Jan 19, 2011 5:37am
Quoting pipfirst
Hi,

If I put below the green dot .. so the TP set will be around 50 pips.

let see ..

do you try on 4 hours time frame ?

How about if in H1 give buy signal and in 15 min chart give sell signal ? just like USD/JPY pair.
Go with the TREND....................pick one TF and trade it
  • #92
  • Jan 19, 2011 6:45am Jan 19, 2011 6:45am
Quoting pipfirst
selling USD/JPY based on 15 minutes chart.

http://i51.tinypic.com/fpb1na.gif

So how is your buy on chf working out? and the sell on jpy? pretty easy money right?
  • #93
  • Jan 19, 2011 6:46am Jan 19, 2011 6:46am
Hi Dredding82,
I have all your indicators, thanks a lot, I'm very excited about this system, like I said on page 1, I've been trading for 2 years with little success so I'm urgently looking for a plain system that works, like yours.

The only indicator I don't have is the Support / Resistance dots, I'm not able to send a PM because of my rookie status on the forum.
What is the indicators name and settings for the one you use, then I can download it somewhere, I know you said earlier you don't really use it, but it does look like it helps a bit with the most recent posts.

Thanks for your help yesterday, my charts are working with your new tpl from yesterday.

I also believe in going with the trend, what do you use to determine the direction of your trades??

Cheers, looking forward to start trading full-time.
  • #94
  • Jan 19, 2011 6:46am Jan 19, 2011 6:46am
Quoting Phreddy
OK, it was the £$, do you want it full size?

Yea load it up
  • #95
  • Jan 19, 2011 2:57pm Jan 19, 2011 2:57pm
As a support to the thread I actually took this trade on my live account today.

It was 2 pips away from hitting fib r1. I actually closed the position just after the candle that almost hit the resistance bar for a total of +44 pips.

It was a scary trade I'll tell ya that. Didn't know if resistance was going to hold at 1.3536 this morning.


Dredding82
I've seen a lot of systems and even created a bunch myself but yours has some of the earliest entry's I've ever seen that work.

I know I've only had 2 trades with this system so far but I'm up almost 100 pips just from these 2 trades.


Good work Dredding. I'm very surprised of the performance so far considering how early the signals are. good job!

I'm going to devote a full morning of trading to this system on my live account tomorrow. Hope it's a good one!

cubby
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 24 KB
  • #96
  • Jan 19, 2011 3:05pm Jan 19, 2011 3:05pm
Second position for today open....

First target 25 pips

Second 57 pips
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 22 KB
  • #97
  • Jan 19, 2011 3:47pm Jan 19, 2011 3:47pm
Posting pics 1500 x 1500 is easier to view

Regards,
Cigarguy
Keep It Simple
  • #98
  • Jan 19, 2011 3:49pm Jan 19, 2011 3:49pm
Hi Dredding

I cannot even PM you because of my seniority, I downloaded your templates, but just a black screen.

Can you send me your files and templates Pls

Thank You
AC
([email protected])
  • #99
  • Jan 19, 2011 4:21pm Jan 19, 2011 4:21pm
Quoting alinacarson1
Hi Dredding

I cannot even PM you because of my seniority, I downloaded your templates, but just a black screen.

Can you send me your files and templates Pls

Thank You
AC
([email protected])
Just for your information, I just downloaded both templates from the first post and all workig fine.

Regards,
Cigarguy
Keep It Simple
  • #100
  • Jan 19, 2011 5:47pm Jan 19, 2011 5:47pm
Quoting Cubbybgood
Dredding82
I've seen a lot of systems and even created a bunch myself but yours has some of the earliest entry's I've ever seen that work.

I know I've only had 2 trades with this system so far but I'm up almost 100 pips just from these 2 trades.


Good work Dredding. I'm very surprised of the performance so far considering how early the signals are. good job!

I'm going to devote a full morning of trading to this system on my live account tomorrow. Hope it's a good one!

cubby
Wow! Now that is confidence.

Great work and thank you for sharing Dredding!

I will start my demo from tonight (I'm from Sydney, Australia), my work colleagues might start to get a bit suspicious of me looking at colourful graphs on my screen instead of programming
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