Price Action Trading with Indicators! The Freebie System | Page 16 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #301
  • Jan 21, 2011 4:39am Jan 21, 2011 4:39am
yeah a bit too late for selling into a retrace. the trend at the moment is up for EU
  • #302
  • Jan 21, 2011 4:40am Jan 21, 2011 4:40am
Quoting Dredding82
YES it is a possible long setup....but as i keep saying....THE TREND IS YOUR FRIEND!! So the question is do you want to bet its a trend change or do you want to go with the trend?

IS this PAIR making higher highs or lower lows? That is your trend go with it!
Just on this point, last night i took a short trade on GU based on the daily chart below. This is again on demo but i wanted to see how this system did on higher time frames. Any thoughts or comments on this?
Attached Image (click to enlarge)
Click to Enlarge Name: gu_daily.gif Size: 15 KB
  • #303
  • Jan 21, 2011 4:40am Jan 21, 2011 4:40am
Quoting indy360
Thanks, i also took this EU trade. Was this a good entry, i'm not so sure now?

To be honest i was a bit late with the entry and i probably should have given it a miss and waited for the next set up, we live and learn

Attachment

Yes that is a good enter....the trend is up but it looks as if the H1 did fail at a pivot so it should go to atleast the R1....if you dont think its a good setup after you enter move your SL to the high of the enter candle if it gets hit then you know it was not a good setup and you traded the wrong way....But atleast you cut your risk

REMEMBER EVERYONE....today is FRIDAY so becareful with trades!! and i would not trade after london close....it could be profitable some weeks to do so but that is up to each and every trader
  • #304
  • Jan 21, 2011 4:41am Jan 21, 2011 4:41am
Quoting the-game
yeah a bit too late for selling into a retrace. the trend at the moment is up for EU
Thought so, maybe it could have worked out if I was in a bit earlier and was just looking for a small TP
  • #305
  • Jan 21, 2011 4:59am Jan 21, 2011 4:59am
Hi Guys, looks like a setup forming on the GBP for short. What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: 21.01.11 gpb.JPG Size: 168 KB
  • #306
  • Jan 21, 2011 5:01am Jan 21, 2011 5:01am
Quoting indy360
Just on this point, last night i took a short trade on GU based on the daily chart below. This is again on demo but i wanted to see how this system did on higher time frames. Any thoughts or comments on this?
Attachment
Did you read post #1? and adjust your fib pivots? Looks good to me though....maybe it will drop soon just like this eurusd is doing now!!
  • #307
  • Jan 21, 2011 5:03am Jan 21, 2011 5:03am
Quoting bluexpec
Hi Guys, looks like a setup forming on the GBP for short. What do you think?

Trend is DOWN...looks like one of those low risk HIGH REWARD setups that i keep talking about!!
  • #308
  • Jan 21, 2011 5:07am Jan 21, 2011 5:07am
Quoting Dredding82
Did you read post #1? and adjust your fib pivots? Looks good to me though....maybe it will drop soon just like this eurusd is doing now!!
Yes, i created a new template for the daily charts with my period set to 10080
  • #309
  • Edited 6:16am Jan 21, 2011 5:11am | Edited 6:16am
currently shorting uj, gj, ej
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj.gif Size: 24 KB
Click to Enlarge Name: gj.gif Size: 27 KB
Click to Enlarge Name: ej.gif Size: 24 KB
  • #310
  • Jan 21, 2011 5:35am Jan 21, 2011 5:35am
Quoting indy360
Thought so, maybe it could have worked out if I was in a bit earlier and was just looking for a small TP
Dont worry indy360 IM SHORT ON IT!!! I got your back!! lol like i keep saying if you cant stomach a risk you cant make the rewards!

Dont think about a trade.....act on what you see.....if the M15 is too fast for some people move to a higher TF if its too slow move to a lower TF
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 28 KB
  • #311
  • Jan 21, 2011 5:45am Jan 21, 2011 5:45am
Thought some might like this little Bid Line Price & Timer indicator. Not mine found on another thread long time ago.

Enjoy

Regards,
Cigarguy
Attached File(s)
File Type: ex4 Bid Line Price & Timer (Black).ex4   7 KB | 666 downloads
File Type: mq4 Bid Line Price & Timer (Black).mq4   9 KB | 830 downloads
Keep It Simple
  • #312
  • Edited 6:15am Jan 21, 2011 5:51am | Edited 6:15am
i'm now shorting euraud
Attached Image (click to enlarge)
Click to Enlarge Name: ea.gif Size: 24 KB
  • #313
  • Jan 21, 2011 5:59am Jan 21, 2011 5:59am
Guys if you would please take a pic of any trade setups you see that you would take...win or lose then people can see what winning trade setups and losing trade setups look like

Thanks
  • #314
  • Jan 21, 2011 6:14am Jan 21, 2011 6:14am
hi

anybody can add pdf file and all andicator on zip file .

thanx
  • #315
  • Jan 21, 2011 6:16am Jan 21, 2011 6:16am
Quoting Dredding82
Guys if you would please take a pic of any trade setups you see that you would take...win or lose then people can see what winning trade setups and losing trade setups look like

Thanks
Done
  • #316
  • Jan 21, 2011 6:17am Jan 21, 2011 6:17am
Possible EU long, with the trend if it confirms?
Attached Image (click to enlarge)
Click to Enlarge Name: eu1gif.gif Size: 17 KB
  • #317
  • Jan 21, 2011 6:18am Jan 21, 2011 6:18am
Quoting the-game
i'm now shorting euraud
It could still work out but it is a very late enter into that trade...you want to try and catch it right after the fail at a point then the HA turns red, Unless you placed your line wrong to were you entered?
  • #318
  • Jan 21, 2011 6:21am Jan 21, 2011 6:21am
Quoting Dredding82
It could still work out but it is a very late enter into that trade...you want to try and catch it right after the fail at a point then the HA turns red
How about taking it on the 1hr TF, would need a larger stop though.

I still think a bit risky, it's been in an up trend for some time, or is it time for it to turn south
  • #319
  • Jan 21, 2011 6:21am Jan 21, 2011 6:21am
Quoting indy360
Possible EU long, with the trend if it confirms?
Attachment
Trend is up......im LONG took my 20 pips from the short to the R1
  • #320
  • Jan 21, 2011 6:22am Jan 21, 2011 6:22am
I believe this could be a possible setup on the eur.Just waiting for the candle to close to confirm.
Attached Image
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