Price Action Trading with Indicators! The Freebie System

enclosed euro/usd bouncing around daily pivot

Everyone please try changing your charts to the D1 and scrolling back a few months then change it to the H4 and scrolling back also.....you might not have enough data

How do you get the candles in the stochastic window?

C'mon back, Dred



If someone asks a question you consider inappropriate or stupid, Just dont answer it!

TO ALL YOU FOREX and FOREX FORUM NEWBS . . .
It is okay to be suspicious of a thread starter and a system at first until you find out if the guy is the real deal (I think Dred IS the real deal, by the way). It becomes apparrent pretty quickly if the guy is just a a wannabe.

A good way to learn a system from a thread is to:

1. As you read, take note of posters that OBVIOUSLY know what they are talking about. The rest, just scim. IF YOU ARE A RAW BEGINNER, your questons are probably due to lack of experience. Learn the basics first. The thread (though it might be closed) will still be there in the future.

2. Copy and paste into a word processor all the most relevant posts with the most information about rules, tips and advice from the best posters. IF YOU DECIDE THE SYSTEM IS WORTH PURSUING, you can organize it into a sort of manual for quick reference. Go back and reveiw this manual before posting questions you feel might be irrelevant. If your confusion is due to language barriers, please make that clear. Everybody understands this problem.
THEN, if you decide to include the system in your trading plan, you have all the info you need at your disposal later on.

3. FOLLOW THE POSTING RULES THE THREAD STARTER HAS REQUESTED. THIS IS HIS HOUSE AND HE IS THE HOST.

4. IF THE THREAD START IS PARTICULAR ABOUT THE POSTING OF INDICATORS, AND YOU HAVE ONE TO CONTRIBUTE, PM HIM/HER EXPLAIN YOUR MOTIVES, AND ASK FOR GUIDANCE. IF THE THREAD STARTER IS OPEN TO LOTS OF INDIES BEING PLACED, GO AHEAD.

5. IT'S OKAY TO DISAGREE. JUST BE POLITE AND RESPECTFUL, AND MOVE ON WITHOUT DISRUPTING THE THREAD.

DRED . . . I am afraid you are gonna bust a vein or somethin'. Most of us understand your impatience, and even sympathize. BUT beware of those who are probably posting just to goad you into a negative reaction. If you react, THEY WIN, AND WILL JUST COME BACK FOR MORE!!

Anyway, It's Monday, the NY session is about to start. Go make some money.

Here, kitty kitty kitty . . .

Shakey

Dreadding , in daily and h4 chart, do you set Myperiod Fib pivot ?

Sorry for being off topic, Dred. THere must have been 20 posts in the time it took for me to submit. Glad you are back!


Shake

Friendly request to you all, Please closed all your trades now!
I,am scarred there will be not enough money left for me to make my profit trading.

Or is this to much asking?

Re: Beshakey's comments

Well stated.

Question
Checkz your Usd/Chf 1hr short trade is a continuation trade? I'm worried my charts are doing the same as some others.

Im just holding on to my sell until i get a buy signal.

LMAO

Am currently looking a GJ, poss signal short 15 min confirmed by a touch from the hourly. May have charts to show . . . Dunno if will come in yet, The whales may drive the market the other way with NY open.

Shake

Dont worry Hennie, if things go for me the way friday went, you'll probably have some of MINE buy the end of the day.

Hell... I might as well go ahead and mail you a check

Shake

Thank you Beshakey, thats what i like to hear!!

I just made a personal rule never to trade on Mondays and Fridays, to avoid getting into a time where the trends are starting to form or end. I'll rather get in in the middle of a established trend and trade with more confidence.

Cheers

[/ATTACH]Here is chart of live entry. I AM NOT USING DREAD'S PIVOT TODAY, not working will with my platform.
this is not to say this is better. Dread, hope this is okay with you. I will pull if you wish. I am anxious to see if you agree with my entry logic

GJ 15 min confirmed by hourly

Shake

I hope all you guys that Brought Usd/Chf off of the 15 minute chart didn't get hurt by the 1hr chart that gave us the sell signal.

I've made that same rule many times . . . but I have to feed the trading monkey that is riding on my back. . . and he is really using the whip today!!

I would say in response to the usd chf trade...It is just as dredding said that we should all stick to the prevailing trend as going against it may be detremental as it could be a reversal or it could be just a retracement but as unpredictable as the forex market is we never really know...lol how does that saying go "the trend is your friend" lol...but I think that applies to any real trading system or strategy...you always want to keep your eye on the bigger picture and what the big boys are doing...so us little people can just play into it...lol...

Although that was a nice size retracement on the eur usd if anyone caught it but as anyone can see...the price is in a very strong up move...so i stayed away from the shorts as i awaited my long move to set up unfortunately it was not with dredding's system as I had complications with my platform this morning...so it was with my own strategy but just wanted to make the point of what dredding says of sticking with the main trend as opposed to taking the retracements...by the way is anyone in on the eur usd at the moment

Wow those sell lines look good to me!

Hope you took my advise on the eurusd H1....