Price Action Trading with Indicators! The Freebie System | Page 18 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #341
  • Jan 21, 2011 7:21am Jan 21, 2011 7:21am
took this trade
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  • #342
  • Jan 21, 2011 7:23am Jan 21, 2011 7:23am
Quoting harar
took this trade
Kool!! Hope you make some PIPS!!
  • #343
  • Jan 21, 2011 7:25am Jan 21, 2011 7:25am
Thanks for sharing such a great system
Rumiguru FXEngineer
  • #344
  • Jan 21, 2011 7:25am Jan 21, 2011 7:25am
That's just one problem I have at the moment, when to get out. Dredding I know you said previously that later on it's a gut feeling, I use to get out to early now I'm scared to get out to early, today I'm staying in to long in all trades, but I'll get it right one of these days.
I just hope EUR bounces of the trend line M15
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  • #345
  • Jan 21, 2011 7:28am Jan 21, 2011 7:28am
Took quick 10 pips, eur/usd 15 min. Got out price stalling by Fib R1.

Regards,
Cigarguy
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Keep It Simple
  • #346
  • Jan 21, 2011 7:29am Jan 21, 2011 7:29am
Quoting bluexpec
That's just one problem I have at the moment, when to get out. Dredding I know you said previously that later on it's a gut feeling, I use to get out to early now I'm scared to get out to early, today I'm staying in to long in all trades, but I'll get it right one of these days.
I just hope EUR bounces of the trend line M15

OK TO MAKE IT CLEAR TO EVERYONE THAT HAS NEVER TRADED ON A FRIDAY!!!


THEY SUCK!! well most times so you have to get in and get out on trades.....or better yet take a 3 day weekend which i do most fridays.....all the big money is out of the market but long term players which does nothing for the volume!
  • #347
  • Jan 21, 2011 7:29am Jan 21, 2011 7:29am
Short EURUSD
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  • #348
  • Jan 21, 2011 7:33am Jan 21, 2011 7:33am
There may be pump and dump by PPM's before London close. And candles with long wicks they will run your stops.

Just my 2 cents.

Regards,
Cigarguy
Keep It Simple
  • #349
  • Jan 21, 2011 7:34am Jan 21, 2011 7:34am
Quoting Pip Chaser
Short EURUSD
LIKE I KEEP SAYING THE TREND IS YOUR FRIEND!!

Till you can trade with the trend do not take counter trend trades.....If you trade with the trend you will have a higher winning %

right now euro has formed a "mother" candle followed by an inside bar
so right now its better to just flip a coin.........which ever way the price goes up or down it has to break the "mother" candle....this is where if you know limit orders you place them!! but thats not part of my system lol
  • #350
  • Jan 21, 2011 7:38am Jan 21, 2011 7:38am
Quoting cigarguy
There may be pump and dump by PPM's before London close.

Just my 2 cents.

Regards,
Cigarguy
  • #351
  • Jan 21, 2011 7:42am Jan 21, 2011 7:42am
Quoting Dredding82
Did not mean to give you a headache with these details. lol

Regards,
Cigarguy
Keep It Simple
  • #352
  • Jan 21, 2011 7:45am Jan 21, 2011 7:45am
Quoting cigarguy
Did not mean to give you a headache with these details. lol

Regards,
Cigarguy
No not that i pretty much said the same thing about 3 posts up...
  • #353
  • Jan 21, 2011 7:48am Jan 21, 2011 7:48am
Quoting Dredding82
No not that i pretty much said the same thing about 3 posts up...
Ok, we are on the same page! I just see there are a lot of new traders here. Knowledge is power.

Regards,
Cigarguy
Keep It Simple
  • #354
  • Jan 21, 2011 7:50am Jan 21, 2011 7:50am
Just a quick update on my trade. Just got up about 45 min ago.

Woke up to a loss sadly. It wasn't because of the system. It was because I was asleep.

The trade had a great win ratio. 1:2. It was exatly 2 pips away from taking my profit before it spun around and hit my SL.

SL 16 pips
TP was 34 pips and trade went 32.
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  • #355
  • Jan 21, 2011 7:51am Jan 21, 2011 7:51am
Quoting cigarguy
Ok, we are on the same page! I just see there are a lot of new traders here. Knowledge is power.

Regards,
Cigarguy

Yuppers!! Im far from a newbie!! lol
Thats why i told everyone the first post today that it was FRIDAY! I have made alot of pips on a friday before but that only when there is alot of reports coming out....today i would just rather flip a coin and run with no SL lol(jk)
  • #356
  • Jan 21, 2011 8:02am Jan 21, 2011 8:02am
Quoting Dredding82
Yuppers!! Im far from a newbie!! lol
Thats why i told everyone the first post today that it was FRIDAY! I have made alot of pips on a friday before but that only when there is alot of reports coming out....today i would just rather flip a coin and run with no SL lol(jk)
Yes indeed. I don't use hard stops. I only place an emergency stop in case of major event. (ie war or computer crash or somethng major) I manage each trade. I have had my stops taken out too many times by stop hunters and then watch my trade go my way.

Do not suggest for new traders at all.

Regards,
Cigarguy
Keep It Simple
  • #357
  • Jan 21, 2011 8:16am Jan 21, 2011 8:16am
Quoting cigarguy
Yes indeed. I don't use hard stops. I only place an emergency stop in case of major event. (ie war or computer crash or somethng major) I manage each trade. I have had my stops taken out too many times by stop hunters and then watch my trade go my way.

Do not suggest for new traders at all.

Regards,
Cigarguy

Stop hunters... do they really exist or are they part of our imagination? I'm having a hard time with the stop hunters concept. I can't imagine why a broker would waste their time stop hunting retail traders. Seems similar to fishing for small fish in a large pond. Maybe you could shed some light on this so as to better understand why this would occur?
  • #358
  • Jan 21, 2011 8:16am Jan 21, 2011 8:16am
Just a joke to end of my trading week, going home in 30min from work to start my weekend. Dredding82 I think you beat this Panda for bringing us this amazing system. EUR bounced back up and ending the day and WOW my week in Profit just from your system.

Thanks again and have a great weekend everybody.
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  • #359
  • Jan 21, 2011 8:18am Jan 21, 2011 8:18am
Quoting bluexpec
Just a joke to end of my trading week, going home in 30min from work to start my weekend. Dredding82 I think you beat this Panda for bringing us this amazing system. EUR bounced back up and ending the day and WOW my week in Profit just from your system.

Thanks again and have a great weekend everybody.
LOL Thanks have a good weekend!!
  • #360
  • Jan 21, 2011 8:27am Jan 21, 2011 8:27am
Quoting d4n
Hi Dredding... great system, thanks for sharing!

Just a quick note..... The pivot indicator you are using is showing main Fib Pivot points but with Mid lines of normal Pivots.

You can get even more good signals if you use Mid Lines of Fib pivots
D4n....if you could put the indicator you were talking about ill give it a look tried to PM you but you dont have PM or anything else
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