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Price Action Trading with Indicators! The Freebie System

  • #121
  • Edited 4:46am Jan 20, 2011 4:36am | Edited 4:46am
Sorry to post this here all but i could not send an attachment through PM =0).
  • #122
  • Jan 20, 2011 4:36am Jan 20, 2011 4:36am
Just had an email with a possible setup from a FF member....the M15 of audusd looks good to me for a short
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 27 KB
  • #123
  • Jan 20, 2011 4:43am Jan 20, 2011 4:43am
Quoting indy360
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
Thats what the indicator is called as you stated above
  • #124
  • Jan 20, 2011 4:56am Jan 20, 2011 4:56am
Dredding, what do you look for when it's time to get out of a trade. I personally like trendline breaks and maybe reversal candles at support and resistance levels. What do you do to get out with max pips?
  • #125
  • Jan 20, 2011 5:00am Jan 20, 2011 5:00am
Quoting bluexpec
Dredding, what do you look for when it's time to get out of a trade. I personally like trendline breaks and maybe reversal candles at support and resistance levels. What do you do to get out with max pips?
There is no proper answer for that.....its more of a gut feeling more then indicatos...but you could get out before reports that might come out or USE the other fib pivots....like i said you need not be greedy that is why so many can not make pips because when they make 40 SL was only 20 they want more pips. Its all about risk management....if you make 1:1 and happy get out if you want 1:2 and make it get out and so on

Greed is good but that is what kills the newbie trader!
  • #126
  • Jan 20, 2011 5:21am Jan 20, 2011 5:21am
Quoting Dredding82
Took this short just a minute ago
lets see how it goes....
Trading against the trend?
  • #127
  • Jan 20, 2011 5:28am Jan 20, 2011 5:28am
Quoting the-game
Trading against the trend?
I think this might be a top forming so yes i am trading agaisnt the current weekly trend but the higher TFs are in a down trend and this is how you catch HUGE pip movements....look on higher TF but enter on lower. My SL is only 20 some pips so its not going to hurt to be wrong but if im right OH MAN im going to bank!
Attached Image (click to enlarge)
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  • #128
  • Jan 20, 2011 5:35am Jan 20, 2011 5:35am
I was in the two trades as well on 15M, but I got out now with the stochastic going into o/b and o/s.

What are you doing?
Attached Image (click to enlarge)
Click to Enlarge Name: Got out AUD CAD 20.01.11.JPG Size: 149 KB
  • #129
  • Jan 20, 2011 6:02am Jan 20, 2011 6:02am
Quoting bluexpec
I was in the two trades as well on 15M, but I got out now with the stochastic going into o/b and o/s.

What are you doing?

As i have said already.....IT is a GUT feeling it doesnt matter what i do or others do...you MUST learn to read and feel the charts yourself!
  • #130
  • Jan 20, 2011 6:34am Jan 20, 2011 6:34am
Looks like I've already missed out on 30 or so pips being to careful and getting out way to early.

I should just learn to grow some balls and wait. Your system really works well, even with me getting out so soon, I still made 10 pips on the two trades
  • #131
  • Jan 20, 2011 6:43am Jan 20, 2011 6:43am
Dredding, I've taken the following trade just know on the 15M short JPY. Is the trade setup ok?
Attached Image (click to enlarge)
Click to Enlarge Name: 20.01.11 JPY.JPG Size: 156 KB
  • #132
  • Jan 20, 2011 6:51am Jan 20, 2011 6:51am
Quoting Dredding82
Check first post....bet you didnt make those easy pips today. BUT GUESS WHAT!! you will now!!
With all these grandiose claims, I look forward to you backing them up with sanitized account statements for the last 3 years and a myfxbook account.

I hope the newbies searching for "easy pips" will expect the same...
  • #133
  • Jan 20, 2011 6:54am Jan 20, 2011 6:54am
Quoting bluexpec
Dredding, I've taken the following trade just know on the 15M short JPY. Is the trade setup ok?

A picture says a thousands words....Trade with the trend till you know how to find enters for higher TFs on lower TF...the trend is UP so why go SHORT?
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.jpg Size: 138 KB
  • #134
  • Jan 20, 2011 7:00am Jan 20, 2011 7:00am
Short on the EURUSD. Does this look good?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 17 KB
  • #135
  • Jan 20, 2011 7:00am Jan 20, 2011 7:00am
Quoting Longshot
With all these grandiose claims, I look forward to you backing them up with sanitized account statements for the last 3 years and a myfxbook account.

I hope the newbies searching for "easy pips" will expect the same...
Claims? What claims? that i trade this system? that its SIMPLE? ..................

Myfxbook? HA really man people that have all the time in the word to join every BS forex site really do not trade!!!.....i am giving you a FREE profitable system......There are people already learning to use this system once the get the hang of it there gold and they wont be on a forum anymore....and sanitized account statement? ARE YOU SERIOUS!! I dont show my statements to anyone!!! go to a real broker and ask for there statment!! im sure they will show you a report but not there statment...if they do then there BS!!

Like i said FORGET ALL THE BS people have told you before!!! TRY MY SYSTEM ON DEMO!! if you cant learn how to trade with a SIMPLE SYSTEM like this then go work a 9-5 and enjoy working for someone else!!
  • #136
  • Jan 20, 2011 7:03am Jan 20, 2011 7:03am
Quoting Pip Chaser
Short on the EURUSD. Does this look good?

There is US unemployment claims coming out in 30 mins....becareful!!
  • #137
  • Jan 20, 2011 7:08am Jan 20, 2011 7:08am
Quoting Dredding82
have all the time in the word to join every BS forex site really do not trade. I dont show my statements to anyone!!!
Enough said. Not a shred of proof that you've been profitable for the last 3 years. I've seen very similar systems (complete with rapid-fire posting from somoene who "doesn't have time" to verify their claims) for over 5 years on forums. I just browse these threads occasionally out of morbid curiosity. I do fine by my trading systems and don't need a subjective, non-verified "easy pips" approach.

I'm just hoping to give newbies a fair warning and some food for thought...Big claims and cherry-picked examples prove nothing.

Bye.
  • #138
  • Jan 20, 2011 7:12am Jan 20, 2011 7:12am
Quoting Longshot
Enough said. Not a shred of proof that you've been profitable for the last 3 years. I've seen very similar systems (complete with rapid-fire posting from somoene who "doesn't have time" to verify their claims) for over 5 years on forums. I just browse these threads occasionally out of morbid curiosity. I do fine by my trading systems and don't need a subjective, non-verified "easy pips" approach.

I'm just hoping to give newbies a fair warning and some food for thought...Big claims and cherry-picked examples prove nothing.

Bye.
Ive already made what i needed to make this week......so im taking it easy and OMG theres a US report coming out in just alil BIT!! once im in a trade i dont baby sit the thing and keep changing my SL TP and everything it either hits or it doesnt.............i havent seen many good trades today so YEA i have time to post

Once again....been a memeber since 2007! 3 years in a forum but you do fine? come on man....i only joined this forum so i could try and meet people that trade but then i started reading all these BS systems that have 80 indicators to try and use to make a few pips! So like i said if you want to try it and make some pips go ahead....but dont come on my thread and try to down a system that really works...WTF is wrong with you people that have been here for years and not making pips? OH i know YOUR NOT MAKING PIPS!! If i was selling this system or an EA for it then YEA i would show you the account statements........DUH or i wouldnt get anyone to buy the thing!!

TRY IT OR SHUT UP AND STAY OFF MY THREAD!!
  • #139
  • Jan 20, 2011 7:13am Jan 20, 2011 7:13am
Dredding on the JPY I was checking out the D1 trend, but I think I'll check out the shorter trend directions like 1H and 4H and 30M. I see I should look out for a dip then Long on JPY.

The previous post for the EURUSD, I think it's "pip Master" is going short on the EURUSD, the trend there is actually long, am I right, so there we should look for a reversal after the dip.

or what's your views?
  • #140
  • Jan 20, 2011 7:22am Jan 20, 2011 7:22am
hi mates!

does some one know the name of the indis so i can look for them or some one could send me the indi to my mail please? will be very apreciated!

thank you guys!

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