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Price Action Trading with Indicators! The Freebie System

  • #101
  • Jan 19, 2011 6:25pm Jan 19, 2011 6:25pm
where can i find the indis?

thank you!
passion and discipline
  • #102
  • Jan 19, 2011 6:29pm Jan 19, 2011 6:29pm
Yeah Rump, post the indies...
  • #103
  • Jan 19, 2011 7:33pm Jan 19, 2011 7:33pm
Quoting Dredding82
For all you PA guys and gals i hate to tell you this....its going to make you cry......Heiken Ashi will confirm any price action setup.....dont beleive me? put 2 charts side by side find a set up you would take....then add the indicator to one and see if it doesnt give you a clear buy/sell signal.. lol
I'm patiently waiting for the more senior guys from the james16 Chart Thread (http://www.forexfactory.com/showthread.php?t=2331) to take notice and rebuttal, or better yet confirm this

I would love it if HA candlesticks actually do confirm ANY PA setup.
  • #104
  • Jan 19, 2011 8:06pm Jan 19, 2011 8:06pm
Quoting the-game
I'm patiently waiting for the more senior guys from the james16 Chart Thread (http://www.forexfactory.com/showthread.php?t=2331) to take notice and rebuttal, or better yet confirm this

I would love it if HA candlesticks actually do confirm ANY PA setup.

Hi the-game

Why are you particularly waiting for james 16 thread guys to confirm this information......only james 16 guys? just wondering if there may be more traders that may be able to confirm or deny the above claims. Also is there a need to have other traders agree or disagree with the above.

As a friendly suggestion, maybe open up the same chart twice, one with HA candles and one without it and see the relationship / or not, between specific candles that typically confirm PA.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #105
  • Edited 8:32pm Jan 19, 2011 8:20pm | Edited 8:32pm
Quoting Ezzy
Why are you particularly waiting for james 16 thread guys to confirm this information......only james 16 guys?
Ummm... I was making comment only, not a request. Notice the in my post, meaning I also tried to post in good humour.

As for PA vs HA, Dredding was specifically noting that PA patterns such as Pin Bars, Inside Bars, Bearish Outside Bar, Bullish Outside Bar, DBHLC, DBLHC, etc patterns are confirmed by HA.

I mentioned james16 guys as they know the basic to advanced PA patterns and what they mean in the overall context of the current chart.

But anyway, lets not pollute this thread any further.
  • #106
  • Jan 19, 2011 11:42pm Jan 19, 2011 11:42pm
Quoting the-game
I'm patiently waiting for the more senior guys from the james16 Chart Thread (http://www.forexfactory.com/showthread.php?t=2331) to take notice and rebuttal, or better yet confirm this

I would love it if HA candlesticks actually do confirm ANY PA setup.
Well invite them on over....but it would be easier if you would just load up 2 charts one naked and one with heiken ashi and go back and look....if there was a DBHLC,Pin, inside bar break etc....if it is a vaild setup heiken ashi will change color......yea you wont guess and jump in too early.......so you will be a few pips behind all that guess with possible PA setups but hey i bet you wont make as many mistakes!
  • #107
  • Jan 19, 2011 11:47pm Jan 19, 2011 11:47pm
Quoting Ezzy
Hi the-game

Why are you particularly waiting for james 16 thread guys to confirm this information......only james 16 guys? just wondering if there may be more traders that may be able to confirm or deny the above claims. Also is there a need to have other traders agree or disagree with the above.

As a friendly suggestion, maybe open up the same chart twice, one with HA candles and one without it and see the relationship / or not, between specific candles that typically confirm PA.

Cheers
Ezzy
Wow didnt see you wrote just about the same thing....Like i said PA goes off what your think....some might think a candle is a pin bar when its really not....some might see a DBHLC but its really not...and so on
  • #108
  • Jan 19, 2011 11:57pm Jan 19, 2011 11:57pm
Quoting Cubbybgood
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...
Thanks for the support!! I would like everyone to remember nothing is 100% there will be a loss in every trading system....and greed is good but not when your playing with your own money! lol
  • #109
  • Jan 20, 2011 12:00am Jan 20, 2011 12:00am
Quoting the-game
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

kool hope you understand how to trade it or get used to it fast, as for your colleagues who cares as long as your seeing the color green coming into your pockets! lol
  • #110
  • Edited 2:56am Jan 20, 2011 2:13am | Edited 2:56am
ok so since i seen some comments on HA and PA confirm and blah blah i made this new tpl that will show HA in a sub window so you can see for yourself on just one chart since i guess 2 was just to hard to do lol

Im not really that much of a PA guy myself ....but i think Nail fuller or whateva his name is calls the candle before a inside bar a mother candle..
The last red line shows a "mother" candle followed by an inside bar and the break of the "mother" candles low.....look at the Heiken Ashi indicator....CONFIRMED that it was a good signal!! All other red lines are possible PA setups that i know of....someone that uses just PA can tell me if i am wrong.....
Attached Image (click to enlarge)
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  • #111
  • Jan 20, 2011 2:21am Jan 20, 2011 2:21am
Quoting Dredding82
ok so since i seen some comments on HA and PA confirm and blah blah i made this new tpl for you guys that will show HA in a sub window so you can check for yourself on just one chart since i guess 2 was just to hard to do lol

Im not really that much of a PA guy myself ....but i think Nail fuller or whateva his name is calls the candle before a inside bar a mother candle..
The pic shows a "mother" candle followed by an inside bar and the break of the "mother" candles low.....look at the Heiken Ashi indicator....CONFIRMED that it was a good...

Yes, but it was not hapen on Fib line?
  • #112
  • Jan 20, 2011 2:26am Jan 20, 2011 2:26am
Quoting xman
Yes, but it was not hapen on Fib line?
yes i know that...i didnt say it was a trade i was just showing that the Heiken Ashi confirmed a price action setup that PA traders would use.....
  • #113
  • Jan 20, 2011 2:46am Jan 20, 2011 2:46am
how do you get the HA in the sub window

Thanks, taps
  • #114
  • Jan 20, 2011 2:57am Jan 20, 2011 2:57am
You mentioned earlier Your MM. That s a topic I am really interested, how You do it?
THX!
  • #115
  • Jan 20, 2011 3:09am Jan 20, 2011 3:09am
Can i say i told you so now?
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  • #116
  • Jan 20, 2011 3:11am Jan 20, 2011 3:11am
Quoting lacika
You mentioned earlier Your MM. That s a topic I am really interested, how You do it?
THX!
Ill leave that alone for now till people can post pics of the setups they see and they are right, im not saying you cant trade it but i dont want 3000 people telling me they cant trade this easy system but then they never asked if what they saw would be a good setup.....like i said demo trade it once you can find the setups then i might go into my MM that i use but everyone has different MM....
  • #117
  • Jan 20, 2011 3:52am Jan 20, 2011 3:52am
Quoting Dredding82
Ill leave that alone for now till people can post pics of the setups they see and they are right, im not saying you cant trade it but i dont want 3000 people telling me they cant trade this easy system but then they never asked if what they saw would be a good setup.....like i said demo trade it once you can find the setups then i might go into my MM that i use but everyone has different MM....

Hey Dredding,

I sent you a PM to send me the indicators, however, I have not received them yet. Like the simplistic nature of the system, with the use of the pivs, but would like to get the exact indicators you are using. Thanks in advance.
  • #118
  • Edited 4:10am Jan 20, 2011 3:58am | Edited 4:10am
Quoting prof8t
Hey Dredding,

I sent you a PM to send me the indicators, however, I have not received them yet. Like the simplistic nature of the system, with the use of the pivs, but would like to get the exact indicators you are using. Thanks in advance.

GUYS and GALS....i do trade for a living so if i do not send you the indicators like soon as you PM me either i am busy trading, reanswering questions here, busy on my website or you didnt include your email for me to send them.... If you dont get them in i would say like 2 days send me another PM
  • #119
  • Jan 20, 2011 4:06am Jan 20, 2011 4:06am
Took this short just a minute ago
lets see how it goes....
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  • #120
  • Jan 20, 2011 4:30am Jan 20, 2011 4:30am
Dredding,

Nice system, easy to understand and see the entries.

Please can you let me know the correct fib pivot indicator so that i can seach for it and use it as i think i have the wrong one.

Thanks in advance
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