Price Action Trading with Indicators! The Freebie System | Page 24 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Freebie 1 min trading method 1,227 replies

Naked Trading Using Price Action (No Indicators) 32 replies

Pure Price Action Trading - NO lines or indicators 49 replies

Help adding a filter to the Freebie Indicator 3 replies

EUR/USD Trading Price Action System 2 replies

Attachments: Price Action Trading with Indicators! The Freebie System
Exit Attachments

Price Action Trading with Indicators! The Freebie System

  • #461
  • Jan 22, 2011 10:46pm Jan 22, 2011 10:46pm
Quoting NewStar
We can use bollinger band with zigzag for more trend confirmation.

My system is stand alone it does not need other indicators!! But as i have said you can add another indicator if you need to do so to feel more comfortable with it, i am sure after a week or 2 you will remove your other indicators once you see how simple and good my system is

Dredding82
  • #462
  • Jan 22, 2011 10:49pm Jan 22, 2011 10:49pm
Quoting Dredding82
I have sent you a PM if you want the indicator, since no one wanted to take me serious i wont give them out unless people ask. If they dont ask they can search the forums
Yes I would love to have the auto Fib pivot indicator as well.
With God all things are possible.
  • #463
  • Jan 22, 2011 10:51pm Jan 22, 2011 10:51pm
Quoting Gryffn
Wow! what a trader friendly method.
I am new so I cannot pm or mail you.
However I have read thread & scratched around.
I have:-

Golden super k
THV4 Pivots black
3 level zz semafor
I am also using non lag MA v7 for better confirmations..
So what you think? Am I good to go?
All the best,
Gryffn
Only the zz indicator is used in my system, golden super k you do not need you have Heiken Ashi which is standard on the MT4 platform which is used in my system for newbies, the THV4 pivots was posted so i could take a look at what another member was talking about with his pivot lines
....since you are a new memeber you should go to the rookie chat and find threads there that could help you in areas of trading you do not fully understand yet such as MM....Limit orders or just How forex really works
Once you are a full memeber please feel free to PM with your info for my system

This is not to down you or make you not get the systeml..it is so you can learn more and become a better trader

Thanks
Dredding82
  • #464
  • Jan 23, 2011 12:57am Jan 23, 2011 12:57am
Quoting Sorento
Hi Dreed,
TRO is The Rumpled One. A good but controversial coder. You see most
of us that have thread cannot P flocked to this this thread cannot PM you because of our FF rookie status.Your system is great, infact it is the best I have come across, both commercial and free ones. Infact I appreciate your magnanimity in sharing your treasure. But I will urgently want you to go a bit further to adress the problem of the ibability of FF rookies to PM you. I think it seems unfair to deny us your frebie especially when you made and provided a
newbie...
Thanks Sorento, the way i am doing this is not unfair. There is a reason behind all the madness.....if your status is "Junior Member" that just means you still need to learn...it is not hard to become a full memeber, read more threads on topics you wish to understand more and post a comment with a questions you might have so that it will help you learn, You can learn by just reading but you can not fully understand something by asking yourself questions you can not answer!
So for anyone else that can not PM me please do as i have just said, Posting questions in thread will not hurt you but only help you become a better trader!

Thanks
Dredding82
  • #465
  • Jan 23, 2011 1:31am Jan 23, 2011 1:31am
How are you using the red and green s/r dots in this trading method?
  • #466
  • Jan 23, 2011 1:33am Jan 23, 2011 1:33am
Quoting Checkz
How are you using the red and green s/r dots in this trading method?
READ POST #1..........
  • #467
  • Jan 23, 2011 1:40am Jan 23, 2011 1:40am
Quoting Dredding82
READ POST #1..........
Thanks. I was reading to fast and overlooked that part.
  • #468
  • Jan 23, 2011 3:09am Jan 23, 2011 3:09am
Quoting Dredding82
Is the pair making higher highs or lower lows on a higher time frame if it is in a range is it ranging up or ranging down?.........Everyone looks at trend in differnent ways....its up to you to find what works for you, Some will say the trend is down when its up and others up when its down...
Hi Dred.
Regarding the above. do you have a way of determining the reversal of the general trend? Knowing this in time will help avoid
placing an order in the wrong direction.
Rgds.
  • #469
  • Jan 23, 2011 4:49am Jan 23, 2011 4:49am
Quoting Sorento
Hi Dred.
Regarding the above. do you have a way of determining the reversal of the general trend? Knowing this in time will help avoid
placing an order in the wrong direction.
Rgds.
As i have stated before....I DO NOT PICK TOPS AND BOTTOMS!!!! I just verify that it was a top or bottom.....YOU will have LOSS.....That is part of trading!!!!! If you use proper MM and a good SL your loss will be very small and can be made back on the next trade!

Any reversal will be verified by a higher TF!!!...People i get some do not understand but PLEASE READ THE THREAD......every question asked so far has been answered atleast once....

The BEST way to LEARN how to use my system is to put it on your charts and WATCH it with the rules i have told you....For whatever pair you want to trade pull up 2 charts with different TFs!

Thanks
Dredding82
  • #470
  • Jan 23, 2011 5:08am Jan 23, 2011 5:08am
Hi Dredding and traders
I wanted to just write my take on this great thread
Originally when I first read this thread i was a sceptic and jumped in with a verbal bashing of the originator which I was wrong, dredding is a good guy, a rare sharer, he has answered every question and posted a very very good system, leave the guy alone, thank him instead.
I have tried many systems and blown up many accounts but I just look at that as the cost of my education and learn, learn from it, so I think I have quite a good knowledge and understanding of what is and what isnt.
The 2 most important aspects of any trader, plan etc is PATIENCE AND MONEY MANAGEMENT.
So what if the zz repaints, like dredding says that is just a heads up, a warning that a possible trade is coming, and if it finally stops at a fibo/pivot then that is even more so of a warning, I am a advocate of price action, so wait for candle close and if the next candle/s are pins, ob, dbhlc, dblhc then that is the next signal, then if you want look at stoch/ha for direction, like dredding says 4 rules, what more do you want, again like I said PATIENCE.
I always have a tp and a sl either set or in mind and adhere to these rules constantly, i trade live also and have been using these along with dredding system for last 2 days thur/fri
  • #471
  • Jan 23, 2011 5:12am Jan 23, 2011 5:12am
I made a very conservative 30 pips, not bad for a learning curve of a new system i felt. but no losers in that which to me was very important, I dont like losing and giving anything back to those bastards. They dont give anything to you.
Any win or any break even is a win.
Money management is vital, i have learnt that to my cost so many times.
Follow dreddings system, adapt it to your own style but respect the guy, it is a very very good system

respect

Tom
  • #472
  • Jan 23, 2011 5:18am Jan 23, 2011 5:18am
Yes you will have losers, that is part of the business, I just dont like them lol, that is why patience and money management are vital

respect

Tom
  • #473
  • Jan 23, 2011 8:00am Jan 23, 2011 8:00am
I've just received the indicators from Dredding82 and analyzed on the trades using this system.
His system is really sound with a good risk and reward ratio.
It's by far one of the simplest to understand price action strategy.
Really appreciate his sharing.
I realized Dredding82 likes charts on M15.
I will do the demo on M15 and see if it works during US session (The only session I'm able to trade .. )
  • #474
  • Edited 7:28pm Jan 23, 2011 9:25am | Edited 7:28pm
Quoting Dredding82
Ok thanks ill give it a look over the weekend
The latest is version 3.5 and you can find it with preset colors for both white and black charts, and for Monthly and Weekly as well as Daily pivots. It provides both "Day" and "Fib" pivots selection, and can be set to generate the pivots based on any server time zone:

http://www.forexfactory.com/showpost.php?p=3484709&postcount=17863

And, you have the .mq4 files.....completely visible code! Good trading to you all!

Edit: For posting the link to this high powered pivot indicator, with time zone shift code and automated DST code, I have been banned by the thread moderator! To bad, because I was only trying to assist. Enabling everybody to set their pivots indy to the exact same time zone helps to have everybody using the same pivots! .....or nearly so, since every broker is likely to still have slightly different pricing, even if their servers are based on the SAME time zone. Without this indicator, members of this thread are going to be experiencing different pivot levels, based on their individual broker server time zone. This indicator was developed for the THV project, but is now widely used due to the time zone shifting and automated DST shifting features.

Dredding82, I have chosen to edit several times this last post of mine on your thread because I want to make sure everyone understands clearly my original intent. Your method is pivots based. In fact, since failure at a fib level is the primary signal, a good pivots indy is very important. Each member using a different broker whose server is based on a different time zone, is going to be trying to use this method, but with different pivots! How, Dredding82, do you solve that problem? I GAVE you the solution! And, I didn't ask for your email address, either! I FREELY GAVE THE MEMBERS HERE THE BEST PIVOT INDICATOR FOR THIS SYSTEM! And, what did you do? You BANNED me!

Personally, I believe if a trading system is truely to be freely shared, then all indicators should be provided in .mq4 form, and clearly posted in the thread. That is how we do it on the Sonic R System thread. Anyway, to the members here, good luck to all of you.

Regards,
traderathome
  • #475
  • Jan 23, 2011 9:28am Jan 23, 2011 9:28am
Quoting traderathome
The latest is version 3.5 and you can find it with preset colors for both white and black charts, and for Monthly and Weekly as well as Daily pivots. It provides both "Day" and "Fib" pivots selection, and can be set to generate the pivots based on any server time zone:

http://www.forexfactory.com/showpost.php?p=3484709&postcount=17863

And, you have the .mq4 file! None of this bullsh_t about hiding the code! Good trading to you all!

Regards,
traderathome
ONCE AGAIN.....THAT IS NOT THE INDICATOR I USE!!! If you dont like my thread and cant take the time to read it then dont read it and DONT POST HERE!!
  • #476
  • Jan 23, 2011 10:11am Jan 23, 2011 10:11am
Hello Dredding82,

I would like to thank you for sharing your system. Really appreciate you taking your time and sharing your system to us. I would like to ask a question if I may.

You have mentioned you mostly take trades on 15M in the direction of higher tf trend.

How do you determine higher tf trend?
What tf do you use as higher tf? 1H or 4H or 1D?

I know there are different ways to determine trend (i.e. when price is making HH, HL, LL, LH or Based on MAs or Based on Rsi etc)

I'm very much interested in how do you determine higher tf trend and what tf do you use for intraday trends.

Also a intraday trend can change bias from one trading session to another in a day (i.e. Asian and London session could be uptrend but US Session could be downtrend). How do you tackle that?

If you could kindly share how do you deal with the above that would be brilliant and help a lot of traders. Thanks.
  • #477
  • Jan 23, 2011 10:17am Jan 23, 2011 10:17am
Quoting vijidas

How do you determine higher tf trend?
What tf do you use as higher tf? 1H or 4H or 1D?

I know there are different ways to determine trend (i.e. when price is making HH, HL, LL, LH or Based on MAs or Based on Rsi etc)
I look at the H4 and D1 for M15 and H1 trades.....for lower TFs i would look at the H4 and H1 TFs...

As i have said already ....i look to see if the higher TF is making higher highs or lower lows.....But every person is different, one could say the trend is up when it is down or it is down when it is up. Finding the trend is up to you which whatever way you feel comfortable with .

The easy way is to load my template which ever you are using on the TF you want to trade then open another chart with a higher TF next to it and it should be very clear which way you should trade..
  • #478
  • Jan 23, 2011 11:57am Jan 23, 2011 11:57am
Quoting traderathome
The latest is version 3.5 and you can find it with preset colors for both white and black charts, and for Monthly and Weekly as well as Daily pivots. It provides both "Day" and "Fib" pivots selection, and can be set to generate the pivots based on any server time zone:

http://www.forexfactory.com/showpost.php?p=3484709&postcount=17863

And, you have the .mq4 file! None of this bullsh_t about hiding the code! Good trading to you all!

Regards,
traderathome
Well looky here, I didn't have to email to get the indicators, I figured if I waited long enough someone would come along and give a shortcut.

I loaded this to my 15m along with the zig zag, but NO SEMAFOR, it is 2 years already of my time with RE PAINT issues.

cheers, Trader T
  • #479
  • Jan 23, 2011 12:02pm Jan 23, 2011 12:02pm
Quoting N2FX
Well looky here, I didn't have to email to get the indicators, I figured if I waited long enough someone would come along and give a shortcut.

I loaded this to my 15m along with the zig zag, but NO SEMAFOR, it is 2 years already of my time with RE PAINT issues.

cheers, Trader T
You better hope TRO doesn't read that lol. Avery would kick you off his forum.

Enjoy the system........
TheCableGuy
  • #480
  • Edited 12:31pm Jan 23, 2011 12:13pm | Edited 12:31pm
Quoting N2FX
Well looky here, I didn't have to email to get the indicators, I figured if I waited long enough someone would come along and give a shortcut.

I loaded this to my 15m along with the zig zag, but NO SEMAFOR, it is 2 years already of my time with RE PAINT issues.

cheers, Trader T

Like i have said many times before!! THAT IS NOT THE INDICATOR I USE!! IF you have your own THREAD how about you post on it instead!!! and stop being HATERS!!

REPAINTING IS NOT A PROBLEM IF YOU KNOW HOW TO USE A LEADING INDICATOR!! GOD YOU GUYS NEED TO LEARN INSTEAD OF TRYING TO DISPROVE SOMEONE!!

IF any memebers dont like my THREAD then just STAY OFF OF IT!!
and stop filling it with your BS comments!! they are not needed here!!

IN FACT THATS IT....IM DONE THE PEOPLE THAT WANT TO LEARN IT CAN JUST PM ME WITH ANY QUESTIONS!!
0 traders viewing now