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Price Action Trading with Indicators! The Freebie System

  • #141
  • Jan 20, 2011 7:23am Jan 20, 2011 7:23am
Quoting bluexpec
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?
Shorting euro might be ok....right now we have a US report that can really move the market so its not too smart to enter right now but on the higher TF the euro is at a key level where it might reverse into a short as you can see in the pic.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 28 KB
  • #142
  • Jan 20, 2011 7:24am Jan 20, 2011 7:24am
I may be a noob so take my word for what it's worth but this system is so easy and profitable it's ridiculous. Thanks a lot Dredding I made 9 trades since yesterday and 7 won. I even made an overnight trade and it got where it was supposed with your system's analysis.

This is demo and I intend to demo it until I can have 100% confidence but I may have found what I was looking for. Not the holy grail, but the best system I've seen so far.

Keep up the good work

PS I've added the SHI channel for extra confirmation. When price bounces off the SHI, a pivot levbel, forms a 3 and is a double/triple top/bottom, then you can trade with such confidence that trading almost becomes zen lol
  • #143
  • Jan 20, 2011 7:29am Jan 20, 2011 7:29am
Quoting gogoprovost
I may be a noob so take my word for what it's worth but this system is so easy and profitable it's ridiculous. Thanks a lot Dredding I made 9 trades since yesterday and 7 won. I even made an overnight trade and it got where it was supposed with your system's analysis.

This is demo and I intend to demo it until I can have 100% confidence but I may have found what I was looking for. Not the holy grail, but the best system I've seen so far.

Keep up the good work

PS I've added the SHI channel for extra confirmation. When price bounces off the...
THATS GREAT!!! atleast afew people have forgot most of the BS people have tried to show them...its great you added another indicator that you feel comfortable with! It makes you understand this system even better and could improve your win:loss rate!

He has just showed you if you need to add another indicator to a system that makes you feel more comfortable to make a trade then do so!

I hope you keep making pips.....
  • #144
  • Jan 20, 2011 7:31am Jan 20, 2011 7:31am
This is where if you learn alil FA you can include it into your trading....That euro short if he took it is looking pretty nice right now!!

Hope you took it....
  • #145
  • Jan 20, 2011 7:36am Jan 20, 2011 7:36am
30+ pips off of the euro trade. Thanks dredding for sharing.
  • #146
  • Jan 20, 2011 7:39am Jan 20, 2011 7:39am
Quoting Pip Chaser
30+ pips off of the euro trade. Thanks dredding for sharing.
YW GREAT JOB!!! euro will prob go to atleast 1.3419!! but watch it now like i say dont be greedy!
  • #147
  • Jan 20, 2011 7:44am Jan 20, 2011 7:44am
Quoting gogoprovost
I may be a noob so take my word for what it's worth but this system is so easy and profitable it's ridiculous. Thanks a lot Dredding I made 9 trades since yesterday and 7 won. I even made an overnight trade and it got where it was supposed with your system's analysis.

This is demo and I intend to demo it until I can have 100% confidence but I may have found what I was looking for. Not the holy grail, but the best system I've seen so far.

Keep up the good work

PS I've added the SHI channel for extra confirmation. When price bounces off...
Sounds good, but what about posting a pic for the others to see? A lot of new people here wanting to learn.

Regards,
Cigarguy
Keep It Simple
  • #148
  • Jan 20, 2011 7:48am Jan 20, 2011 7:48am
Quoting cigarguy
Sounds good, but what about posting a pic for the others to see? A lot of new people here wanting to learn.

Regards,
Cigarguy
Trade taken by Pip Chaser
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro.gif Size: 28 KB
Click to Enlarge Name: euro1.gif Size: 28 KB
  • #149
  • Jan 20, 2011 7:52am Jan 20, 2011 7:52am
I took this trade at break of outside bar after failure at big number. Is this what we are looking for?
Attached Image (click to enlarge)
Click to Enlarge Name: bigandmidrangenumberseu.gif Size: 61 KB
  • #150
  • Jan 20, 2011 7:56am Jan 20, 2011 7:56am
hi folks!

this indi its like HA but shows pa
enjoy!!!

drag to the chart, select line chart and go to properties and select black for line chart if you r using black backgroud
Attached File(s)
File Type: ex4 Golden Super k.ex4   4 KB | 1,673 downloads
passion and discipline
  • #151
  • Edited 10:44am Jan 20, 2011 7:58am | Edited 10:44am
This is the audusd a FF memeber asked me about....at enter SL was ONLY 11 pips!!! right now you would be UP 77+ PIPS!!! Now that is risk:reward !!!
Its not every trade is this GOOD but when you do have them..........WOW blows your minds on how much you been missing out on!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud.gif Size: 27 KB
Click to Enlarge Name: aud1.gif Size: 26 KB
  • #152
  • Jan 20, 2011 8:11am Jan 20, 2011 8:11am
this is how golden super k looks like!
Attached Image
passion and discipline
  • #153
  • Jan 20, 2011 8:14am Jan 20, 2011 8:14am
Dredding, your system is GREAT, I was in on the AUDUSD and the USDCAD but I got scared and got out as soon as the stochastic went into o/b and o/s. I know realize that I should rather look at the stochastic as an entry trigger more than a signs when to enter.

Is this correct?? I missed out on a lot of pips because of this today, but with this system I'll try and just catch them another time.

Thanks Dredding82
  • #154
  • Edited 2:45pm Jan 20, 2011 8:18am | Edited 2:45pm
Quoting rotunda
I took this trade at break of outside bar after failure at big number. Is this what we are looking for?
YES!! GREAT TRADE!! with the smaller TF you cut your risk which is very smart with reports coming out

Rotunda.... here are the M5 from eurusd if you do not have my indicators PM me with your email
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro.gif Size: 26 KB
Click to Enlarge Name: euro1.gif Size: 25 KB
  • #155
  • Jan 20, 2011 8:21am Jan 20, 2011 8:21am
Quoting bluexpec
Dredding, your system is GREAT, I was in on the AUDUSD and the USDCAD but I got scared and got out as soon as the stochastic went into o/b and o/s. I know realize that I should rather look at the stochastic as an entry trigger more than a signs when to enter.

Is this correct?? I missed out on a lot of pips because of this today, but with this system I'll try and just catch them another time.

Thanks Dredding82
Im sorry bluexpec i do not understand what you are saying....
  • #156
  • Jan 20, 2011 8:34am Jan 20, 2011 8:34am
Not a lot of indicators on my chart but still got some nice pips on this move. Closed early and could have gotten lots more, but not GREEDY. That costs me in the long run.
Attached Image (click to enlarge)
Click to Enlarge Name: gu120.jpg Size: 134 KB
  • #157
  • Edited 8:58am Jan 20, 2011 8:38am | Edited 8:58am
Quoting airbeat
Not a lot of indicators on my chart but still got some nice pips on this move.
Here is my pic its alil differrent then yours with the candles so it must be the brokers....Im glad people are using my system i wish i could post pics of every pair all the time but then i would miss to many trades!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 30 KB
Click to Enlarge Name: gbp1.gif Size: 29 KB
  • #158
  • Edited 9:16am Jan 20, 2011 8:51am | Edited 9:16am
Appears like the PPM's (private price manipulators) pumped, then some consolidation and then dumped prior to news.

Also, the 2 moving averages ( 5 smoothed high and 5 smoothed low) may help some with consolidation areas as depicted in the pic. PA inside of MAs no trade to choppy.


Just my 2 cents

Regards,
Cigarguy
Attached Image (click to enlarge)
Click to Enlarge Name: 5m chart.gif Size: 125 KB
Keep It Simple
  • #159
  • Jan 20, 2011 8:52am Jan 20, 2011 8:52am
Ok guys we have 4 reports coming out in 9 mins......3 for US and 1 for Euro....watch your trades!!!
  • #160
  • Jan 20, 2011 8:58am Jan 20, 2011 8:58am
I got raped by news goddammit, lesson learned, I should have exited with a small profit on EUR/JPY but it spiked and touched my SL.

I'm short GBP/JPY, I think it looks good to go to at least 131.00. Let me know what you think.
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