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Price Action Trading with Indicators! The Freebie System

  • #361
  • Jan 21, 2011 8:30am Jan 21, 2011 8:30am
Closed my EUR trade with 32 pips profit, marked with red horizontal lines on second chart.
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 21.01.11 endofweek.JPG Size: 161 KB
  • #362
  • Jan 21, 2011 8:31am Jan 21, 2011 8:31am
Quoting prof8t
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?
Yes they do. I don't want to get into a discussion on this topic and distract from this great thread. Just google "do they run stops on forex" for a start. This is another whole discussion and this is not the place to have it, but good to know. I have the information but I will not post it here.

This thread is to positive to discuss.

Regards,
Cigarguy
Keep It Simple
  • #363
  • Jan 21, 2011 8:33am Jan 21, 2011 8:33am
Quoting bluexpec
Closed my EUR trade with 32 pips profit, marked with red horizontal lines on second chart.
Cheers

NICE!!!
  • #364
  • Jan 21, 2011 8:34am Jan 21, 2011 8:34am
Quoting cigarguy
Yes they do. I don't want to get into a discussion on this topic and distract from this great thread. Just google "do they run stops on forex" for a start. This is another whole discussion and this is not the place to have it, but good to know. I have the information but I will not post it here.

This thread is to positive to discuss.

Regards,
Cigarguy
Sad to say but HE IS RIGHT.....Your broker doesnt care about you winning or making a profit on a trade! they just want there spread!!
  • #365
  • Jan 21, 2011 8:46am Jan 21, 2011 8:46am
Quoting Dredding82
Sad to say but HE IS RIGHT.....Your broker doesnt care about you winning or making a profit on a trade! they just want there spread!!
Yes, and they all claim no dealing desk, but have stop hunters !! No way to treat customers, but they don't care.

I have been trading FX for some years now and still make $, but want to know whats really going on behind the scenes and use that to our advantage. Brokers love new traders. Thats why they give traders all of those beautiful indicators. lol

Anyway, back to trading enough of this negative talk.

Regards,
Cigarguy
Keep It Simple
  • #366
  • Edited 9:13am Jan 21, 2011 8:57am | Edited 9:13am
eur/usd 15m consolidating. Which way Up or Down? Ranging between M4 and R1.

On Friday, anybodys guess!!

Regards,
Cigarguy
Attached Image (click to enlarge)
Click to Enlarge Name: 15 min.gif Size: 75 KB
Keep It Simple
  • #367
  • Jan 21, 2011 9:17am Jan 21, 2011 9:17am
Hi Dredding....

Here's the pivot indi i have been using and template for the settings.
Attached File(s)
File Type: tpl freebie.tpl   18 KB | 977 downloads
File Type: ex4 THV4 TzPivotsD (Black).ex4   45 KB | 1,049 downloads
  • #368
  • Jan 21, 2011 9:18am Jan 21, 2011 9:18am
Quoting d4n
Hi Dredding....

Here's the pivot indi i have been using and template for the settings.
Ok thanks ill give it a look over the weekend
  • #369
  • Jan 21, 2011 9:24am Jan 21, 2011 9:24am
Quoting Dredding82
Ok thanks ill give it a look over the weekend
no worries.... a couple of good uns today off the mid's, especially on GBPUSD!
  • #370
  • Jan 21, 2011 10:13am Jan 21, 2011 10:13am
I just found this thread yesterday. Read thru it. Started to read it again this morning (17 pages long). Being a product of the public school system, I read slowly at best. Noticed just now, Thread is now 26 pages long. I may not get thru this again at my rate.
This should say something about how it has been accepted.
Great work. And many thanks.
  • #371
  • Jan 21, 2011 10:17am Jan 21, 2011 10:17am
Quoting gmcc
I just found this thread yesterday. Read thru it. Started to read it again this morning (17 pages long). Being a product of the public school system, I read slowly at best. Noticed just now, Thread is now 26 pages long. I may not get thru this again at my rate.
This should say something about how it has been accepted.
Great work. And many thanks.
Hey gmcc, Thanks for the post!! YEA its crazy in almost 36 hours almost 26,000 views!! Im telling ya that has gotta be a record or sumthing lol

The best thing to do is read post #1 then go to the attachments and look at all the pics....so you can see how the system works since the pivots are redrawn everyday...once you get the system and want to start trying it send me a PM as i have asked

Thanks
Dredding82
  • #372
  • Jan 21, 2011 10:36am Jan 21, 2011 10:36am
Dredding, did you ever go by the name "Codemuncher"? Your posts and trading methods appear to be identical, right down to the use of the notoriously repainting Semifor and S&R lines, along with the strange reluctance to post indicators.
  • #373
  • Jan 21, 2011 10:53am Jan 21, 2011 10:53am
Quoting paradoxical
Dredding, did you ever go by the name "Codemuncher"? Your posts and trading methods appear to be identical, right down to the use of the notoriously repainting Semifor and S&R lines, along with the strange reluctance to post indicators.

Nopes not me! i just joined this site like a year ago.....I dont post indicators because i want to limit the use of it by people that do not feel like reading a systems thread when it is important to using a system....so far im right hundreds of pms but now only maybe 35% have did as i have stated a number of times!

If your trying to put down how i trade or the use of a repainting indicator please do not post here...If you know how to use an inidcator the RIGHT way then there is no problem with repainting(leading) indicators! as im sure you must have missed like all the other older memebers in my #1 post.
  • #374
  • Jan 21, 2011 11:15am Jan 21, 2011 11:15am
Okay, spent some time going through the thread about 3 times.

I have my charts setup, and watching the 15m only.

I am not a long term trader, only a scalper, so what happens on a 15m is good enough for me.

The Red HA formed, but price refused to drop, it went upwards and broke the Red HA high wick, which means I am still waiting.

The indicators did not get the short signal anyways, so will see how this 15m bar plays out, and even the next few.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 15m.jpg Size: 84 KB
TheCableGuy
  • #375
  • Jan 21, 2011 11:18am Jan 21, 2011 11:18am
Quoting TheCableGuy
Okay, spent some time going through the thread about 3 times.

I have my charts setup, and watching the 15m only.

I am not a long term trader, only a scalper, so what happens on a 15m is good enough for me.

The Red HA formed, but price refused to drop, it went upwards and broke the Red HA high wick, which means I am still waiting.

The indicators did not get the short signal anyways, so will see how this 15m bar plays out, and even the next few.
EU-EurUsd right? What HA are you using? I DO NOT have a red candle there at all on any of my PCs and i have 4 lol
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro.gif Size: 26 KB
Click to Enlarge Name: euro1.gif Size: 27 KB
  • #376
  • Jan 21, 2011 11:22am Jan 21, 2011 11:22am
Quoting Dredding82
Nopes not me! i just joined this site like a year ago.....I dont post indicators because i want to limit the use of it by people that do not feel like reading a systems thread when it is important to using a system....so far im right hundreds of pms but now only maybe 35% have did as i have stated a number of times!

If your trying to put down how i trade or the use of a repainting indicator please do not post here...If you know how to use an inidcator the RIGHT way then there is no problem with repainting(leading) indicators! as im sure you...
Dredding, I won't accuse you of lying, but I will say this. I have been around FF for years now, and your posts and trading system is identical to the one Codemuncher touted in 2008, using the level 3 Semifor. It looks great on a chart and people can make some good trades with it. I don't want to get into a long discussion of the merits of that indicator, but will say that I watched it change position 17 straight times on a 30 minute chart while sitting here working on other things.

Some newbies here might look at the posted charts and think they hit pay dirt, not realizing that the Semifor repainted several times before it stopped at the highs and lows. It's easy to talk about the trades after the fact. Anyone can claim they made trades hours afterwards.

Here's the deal. How about YOU posting your trades BEFORE you make them and why, so that the audience can see your system? As it is, it's vague and open to judgement, along with fibs that aren't the same on everyone's charts, and that won't be there tomorrow. I mean, you're a prolific poster, just like Codemuncher was. It would take you maybe 20 seconds to make those kind of posts and would be educational for the class.

I haven't seen ANYONE, and I mean ANYONE tell people to send them an email for their indicators. Why? For what reason? To prove that they are worthy of your time and effort in sending the indicator to them by EMAIL instead of including them in your first POST? That is, other than Codemuncher, who did the same thing, who was believed to have been Tro, who also had that skull and crossbones on his charts like yours. It's a very good way to collect email addresses for later use, isn't it?

Why put people through the trouble of emailing you for commonly known and used indicators?

The rest of the board here can take the time to look through the posts of CodeMuncher and see if you aren't a dead ringer, and they can make up their minds. Not only is your trading method identical. So are your sarcastic comments.
  • #377
  • Jan 21, 2011 11:27am Jan 21, 2011 11:27am
Here is your template I took from Post #1, I just changed the coloring on my chart, but I had a Red HA.

I am using Metatrader Broker feed, not sure if that is the same as your using, it may be off a bit?

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EU HA.jpg Size: 95 KB
TheCableGuy
  • #378
  • Jan 21, 2011 11:37am Jan 21, 2011 11:37am
Quoting paradoxical
Dredding, I won't accuse you of lying, but i will say this. I have been around FF for years now, and your posts and trading system is identical to the one Codemuncher touted in 2008, using the level 3 Semifor. It looks great on a chart and people can make some good trades with it. I don't want to get into a long discussion of the merits of that indicator, but will say that I watched it change position 17 straight times on a 30 minute chart while sitting here working on other things.

Some newbies here might look at the posted charts and think they...

READ THE THREAD!!!!!!!!!
ONCE AGAIN OLD MEMBER BEEN HERE FOR YEARS THAT CANT MAKE PIPS!!! REPAINTING IS LEADING!!! WE CONFIRM WIHT A NON REPAINT WHICH IS LAGGING!!!!
READ MY THREAD!! THEY ARE LIVE TRADES I TAKE YOU RE RE LOOK AT THE BUY/SELL LINE AND WHEN I ENTERED!!!!! I DO POST SOME GOOD SETUPS I SEE AFTER THE FACT CAUSE I AM NOT A MACHINE!!! I CAN NOT TRADE 24/5!!! I DO POST THEM WHEN I SEE THEM!! I TRADE FOR A LIVING SO I POST HAS I CAN!!!

I am not code who ever or this tro guy.....its a F*cking skull and cross bones so what? You could have found it and done it also!! God you OLDER MEMBERS are why so many people fail at trading because you were feed BS and think everyone wants to HERE IT!! I looked up that code dude and he hasnt been here since 2008!!!! So how in the h*ll are you going to try and say i am someone else!!

HOW ABOUT INSTEAD OF POSTING ON A THREAD BEFORE YOU READ IT ALL YOU READ THE WHOLE THREAD AND STOP BEING BITTER BECAUSE YOU CANT LEARN TO TRADE !!!!
  • #379
  • Jan 21, 2011 11:41am Jan 21, 2011 11:41am
Quoting TheCableGuy
Here is your template I took from Post #1, I just changed the coloring on my chart, but I had a Red HA.

I am using Metatrader Broker feed, not sure if that is the same as your using, it may be off a bit?

Thanks.
it must be your brokers data or your using a downloaded HA...the one i use is stanard on MT4 with mine and everyone brokers
  • #380
  • Jan 21, 2011 11:54am Jan 21, 2011 11:54am
This bickering is the reason most of the threads die.




Regards,
Cigarguy
Keep It Simple
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