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Price Action Trading with Indicators! The Freebie System

  • #401
  • Jan 21, 2011 2:19pm Jan 21, 2011 2:19pm
Hey Dredding...

I just took this quick trade on EU for 16 pips. Went for small target cause it's late in the day on Friday.

I was on the wrong side of the zig zag. I'm thinking all this fuss about the zig zag repainting is nonsense. We could probably do without it anyways.

Was I wrong in taking this trade? Would you have, or do you stick by your zig zag rules at all times? Did I zig when I shoulda zagged?

Attached Image
"Be the change that you wish to see in the world." --Gandhi
  • #402
  • Jan 21, 2011 2:27pm Jan 21, 2011 2:27pm
Quoting Wally1953
Hey Dredding...

I just took this quick trade on EU for 16 pips. Went for small target cause it's late in the day on Friday.

I was on the wrong side of the zig zag. I'm thinking all this fuss about the zig zag repainting is nonsense. We could probably do without it anyways.

Was I wrong in taking this trade? Would you have, or do you stick by your zig zag rules at all times? Did I zig when I shoulda zagged?

Attachment
GOOD JOB MAKING SOME PIPS!

I use the Zigzag for a heads up to see wave patterns!! its easier to see if a pair is in a range or in a trend!! The trade you took you were not on the wrong side of the indicator the ZZ showed a 1 dot...the zigzag was heading up right? The zigzag is used to find S&R!!! for all you people that dont know!...THE TREND IS UP....that would have been a retracement trade since price shot thru the pivot then went below it again and then went above and FAILED! But like i said PAGES BACK i dont want people to find retracements i want them to find the main siganls because there is a better risk:reward and retracements are harder to spot!
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  • #403
  • Edited 2:44pm Jan 21, 2011 2:32pm | Edited 2:44pm
And on that.....if you look at the above picture you can see the PATTERN with the ZIGZAG! now didnt i tell people at the start of this thread you need to watch the charts so you can learn to read them? well if you were watching you would have go in when i did back at 1.3531 for the second push up! Here is a picture maybe a chartist can understand!!
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Click to Enlarge Name: euro3.gif Size: 22 KB
Click to Enlarge Name: euro.gif Size: 21 KB
  • #404
  • Jan 21, 2011 2:38pm Jan 21, 2011 2:38pm
Quoting Dredding82
AND ONCE AGAIN YOUR BS about repainting!! that just shows you are NOT A TRADER or atleast not a good one....since you dont understand how to use a LEADING INDICATOR!! READ #1 post!!!

You say your a "Chartist" hmmmmm thats just like using a using a repainting indicator!! YOU GUESS where price will go!! The zigzag which i use is not for the ENTER OF THE TRADE!!! its to give a HEADS UP !!

You have all this BS to say on my Thread but yet your all over and loving that chubby guys thread and he uses a repainting indicator!!! You are so LAME!! judge...
Dredding82,

There's no need to get so worked up over disagreements on your thread. Not everybody has to agree with you. I'm not sure what you expected by posting your system here on FF. Did you expect people to praise you and your system and treat it like precious gold?

This is just not possible. Why?
Most forex traders that have been trading for at least a year think they know it all. They are so caught up in there own ways that it's really hard for them to listen and practice new ideas.

I think you should try to except the fact that just because someone disagrees with you doesn't mean you have to fight back. It's really not necessary. At least not anymore.

Your system is good and for those people that disagree it's only there loss.

I'm still evaluating if this system is for me.
I make 20-40 pips a day on my current system. Just not sure I can get more pips consistently with yours. Only time with tell. I will be demoing next week.
  • #405
  • Jan 21, 2011 2:43pm Jan 21, 2011 2:43pm
Quoting Cubbybgood
Dredding82,

There's no need to get so worked up over disagreements on your thread. Not everybody has to agree with you. I'm not sure what you expected by posting your system here on FF. Did you expect people to praise you and your system and treat it like precious gold?

This is just not possible. Why?
Most forex traders that have been trading for at least a year think they know it all. They are so caught up in there own ways that it's really hard for them to listen and practice new ideas.

I think you should try to except the fact that just...
You can make alot more pips once you know how to read the charts...and look for the good enters. No i am not getting worked up but it seems almost everyone that was something to say about my system came from your thread!! dissing a repainting indicator but then likes yours?

NOW isnt that the pot calling the kettle BLACK!
  • #406
  • Jan 21, 2011 2:57pm Jan 21, 2011 2:57pm
Quoting Dredding82
You can make alot more pips once you know how to read the charts...and look for the good enters. No i am not getting worked up but it seems almost everyone that was something to say about my system came from your thread!! dissing a repainting indicator but then likes yours?

NOW isnt that the pot calling the kettle BLACK!
Seems as though you might have read my thread. Anyway, getting a lot of repainting comments should be expected on any forum.

People that see repainting just go nuts and think that it's impossible to make a profit long term with them.

This is not true and I have proved it in the past back on forex-tsd.com.

There was some A## wipe that kept annoying the hell out of me about repainting and telling me my system didn't work with out even trying it! Even with showing him live statement he didn't believe!

I totally understand, its hard not to get angry with someone when they haven't done there homework. It was just so strange to me because other members were claiming to be having major profits in there trading. Some even saying after years of trying to profit in the forex my system has finally helped them do so.

I expect the same response from the ones that try this system and use it correctly as well.

So the answer to all the idiots! Yes, repainting can be used profitably and over a long period of time if used correctly.
  • #407
  • Jan 21, 2011 2:59pm Jan 21, 2011 2:59pm
Quoting Dredding82
And on that.....if you look at the above picture you can see the PATTERN with the ZIGZAG! now didnt i tell people at the start of this thread you need to watch the charts so you can learn to read them? well if you were watching you would have go in when i did back at 1.3531 for the second push up! Here is a picture maybe a chartist can understand!!
Yup, I got in on that one too for 50 pips. Until now I was a little hazy on what the zig zag really was for, but now it's clear. Cool beans!

So it was a very good week for your system and your new thread. And you've become a very patient teacher and have been very helpful. More fun next week. Thanks Dredding!
"Be the change that you wish to see in the world." --Gandhi
  • #408
  • Jan 21, 2011 3:13pm Jan 21, 2011 3:13pm
If you turn the radio on and you don't like the song do you call the radio station and complain? NO - you change the channel. I don't understand this crap, if you don't like this system or the way the thread writer runs it CHANGE THE CHANNEL!
Please don't let this crap end this thread. I've seen that happen to many times.
I like the song so I'm NOT changing the channel. It fits my trading personality and so far it makes me pips. Keep up the great support Dredding!
Barry
  • #409
  • Jan 21, 2011 3:13pm Jan 21, 2011 3:13pm
Quoting Wally1953
Yup, I got in on that one too for 50 pips. Until now I was a little hazy on what the zig zag really was for, but now it's clear. Cool beans!

So it was a very good week for your system and your new thread. And you've become a very patient teacher and have been very helpful. More fun next week. Thanks Dredding!
Thats GREAT!! maybe once enough people stop being bitter and crying on my thread i can tell people the other ways to use my system that i have not got to since everyone is not comfortable with it....and i do not want to make it harder for people yet with as simple as it is now it is profitable once you learn to use it the proper way.
  • #410
  • Jan 21, 2011 3:19pm Jan 21, 2011 3:19pm
Quoting Cubbybgood
Seems as though you might have read my thread. Anyway, getting a lot of repainting comments should be expected on any forum.

People that see repainting just go nuts and think that it's impossible to make a profit long term with them.

This is not true and I have proved it in the past back on forex-tsd.com.

There was some A## wipe that kept annoying the hell out of me about repainting and telling me my system didn't work with out even trying it! Even with showing him live statement he didn't believe!

I totally understand, its hard not to get...
I didnt really read it i clicked on the memebers that were talking crap and the road lead to your thread........
  • #411
  • Jan 21, 2011 3:28pm Jan 21, 2011 3:28pm
Quoting Dredding82
I didnt really read it i clicked on the memebers that were talking crap and the road lead to your thread........
interesting connection ehh? Seems like there trying to tear down the good threads...

It was hard on my system. I kept having to try to change things around and make it work with non-repainting indicators. It just wasn't working as well for me.

One thing I am glad about is that you're holding strong to your system instead of modifying it to appease the non-repainters....

This is something I fell short on...
  • #412
  • Jan 21, 2011 4:18pm Jan 21, 2011 4:18pm
Hi all,
I'm trying to read the thread the last 24 hours and everytime I return there are more and more pages added, amazing. There are people that obviously don't like the thread and that's ok, my 2 cents are that if the system will work long term and will give 20-30 pip daily I don't mind repainting my house my car my bike and not only my charts.
  • #413
  • Jan 21, 2011 4:31pm Jan 21, 2011 4:31pm
If the non-repainters don't like it, I don't understand why they just don't go away. The system gives you essential elements of trading. To me, the sema/ zig-zag is very usable. It is defining the structure of the market which if you are not that experienced may be more difficult to see just looking at candles. You also have the s/r indicator to help you spot higher highs/lows etc. and point to possible areas of of price reaction. The fib piv does a similar job in giving you possible areas where price might react.
The HA and stochs give you the trigger once you have assessed the structure and s/r.

That's the basis for price action trading. For me, Dredding has brought into better focus when to take a trade, and to help me avoid over-trading. I will now only take trades at areas of s/r ( as marked by fibpiv or s/r), in keeping with the market structure as being highlighted by the zigzag/sema. I find also that apart from the signal itself, it helps if you look at the next possible s/r, and there should be a clear min 20 pips to it. It also helps if the signal candle is small. This keeps your s/l down, and gives you better chance of achieving better rr. Avoid candles with wicks on both sides, a few of those and I won't trade regardless, as it shows indecision.

I have never yet come across the holy grail of any non-repainting indicator/s (or combinations thereof) whose signals never fail or give you a net positive outcome. This system, I think, by incorporating the elements above, probably gives you a better chance of success. Hope this helps.

Pardy
  • #414
  • Jan 21, 2011 6:48pm Jan 21, 2011 6:48pm
Quoting K_Minos
Hi all,
I'm trying to read the thread the last 24 hours and everytime I return there are more and more pages added, amazing. There are people that obviously don't like the thread and that's ok, my 2 cents are that if the system will work long term and will give 20-30 pip daily I don't mind repainting my house my car my bike and not only my charts.
I agree. Give me a roller and a paint brush and let me get busy.
  • #415
  • Jan 21, 2011 8:45pm Jan 21, 2011 8:45pm
Maybe those who dont like this thread is trying to make Dredding really mad until dredding cant take it animore, he will use such unacceptable words or sentence which can him ban from FF..

So Be Cool Dredding.. Ive been reading ur post but still trying to understand the system by looking at attachment pictures b4 trying the indies..
  • #416
  • Jan 22, 2011 3:02am Jan 22, 2011 3:02am
I loaded up the template (newbie) on a few charts. The fibo lines appear on the USDCHF but cant get them to display when I load the template to other currencies. I tried to reload but they still dont come up.

Any thoughts?????
  • #417
  • Jan 22, 2011 3:14am Jan 22, 2011 3:14am
Quoting rickj1
I loaded up the template (newbie) on a few charts. The fibo lines appear on the USDCHF but cant get them to display when I load the template to other currencies. I tried to reload but they still dont come up.

Any thoughts?????
Thats because you dont have the data on your platform.....click on the H4 TF and scroll back a few weeks, then do it for the D1 and your lines should appear or it is because you do not have the indicators...
  • #418
  • Jan 22, 2011 3:59am Jan 22, 2011 3:59am
Quoting Dredding82
Thats because you dont have the data on your platform.....click on the H4 TF and scroll back a few weeks, then do it for the D1 and your lines should appear or it is because you do not have the indicators...
I only use RSI in trading, but it is not very important
  • #419
  • Jan 22, 2011 5:20am Jan 22, 2011 5:20am
Quoting Dredding82
Thats because you dont have the data on your platform.....click on the H4 TF and scroll back a few weeks, then do it for the D1 and your lines should appear or it is because you do not have the indicators...
Hi Dredding82,

I have sent you 2 pm's with my email address requesting the indicators as per your instructions.
It would be nice if you could respond, so I can give your system a test drive.

Cheers.
  • #420
  • Jan 22, 2011 5:26am Jan 22, 2011 5:26am
Quoting mojazz
Hi Dredding82,

I have sent you 2 pm's with my email address requesting the indicators as per your instructions.
It would be nice if you could respond, so I can give your system a test drive.

Cheers.
Sorry been busy and didnt see your PM.....Check your email inbox
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