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Price Action Trading with Indicators! The Freebie System

  • #561
  • Jan 24, 2011 7:07am Jan 24, 2011 7:07am
Quoting Dredding82
Wow those sell lines look good to me!

Hope you took my advise on the eurusd H1....
Now im waiting on a buy signal
  • #562
  • Jan 24, 2011 7:10am Jan 24, 2011 7:10am
lol I wonder how anybody can hate on this with all these live trade pics of such good trade set ups...and since its live trades with the sell and buy line present and everything anyone can follow with ease...very nice looking trades dredding...
No man is free who is not a master of himself. -P.M.-
  • #563
  • Jan 24, 2011 7:14am Jan 24, 2011 7:14am
Man i dont know how anyone can make money with this system of Dredding82!!





Got in gbp late
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  • #564
  • Jan 24, 2011 7:17am Jan 24, 2011 7:17am
Hey checkz,

If you dont mind my asking but im curious can you explain your reasoning for looking for a buy signal on the usd/chf...I'm not saying you shouldnt or implying anything by asking I just want to know the thinking behind that please...
No man is free who is not a master of himself. -P.M.-
  • #565
  • Jan 24, 2011 7:19am Jan 24, 2011 7:19am
Quoting pmullin86
Hey checkz,

If you dont mind my asking but im curious can you explain your reasoning for looking for a buy signal on the usd/chf...I'm not saying you shouldnt or implying anything by asking I just want to know the thinking behind that please...
Hes looking for a nice 50% retracement on that huge down move....atleast i hope thats all he is looking for right now
  • #566
  • Jan 24, 2011 7:22am Jan 24, 2011 7:22am
Quoting pmullin86
Hey checkz,

If you dont mind my asking but im curious can you explain your reasoning for looking for a buy signal on the usd/chf...I'm not saying you shouldnt or implying anything by asking I just want to know the thinking behind that please...
I look for #3 semafor reversals during the London & Newyork period. It seems to occur alot on many majors.
  • #567
  • Jan 24, 2011 7:33am Jan 24, 2011 7:33am
ok i was wondering how big of a move he was looking for because that pair right now seems to be in a very stron down move on both the daily and 4hour
No man is free who is not a master of himself. -P.M.-
  • #568
  • Jan 24, 2011 7:35am Jan 24, 2011 7:35am
#3 semafor reversals...hmmm...I'm going to have to go through the thread again as I'm still not too sure how to use the semafor indicator or quite sure what it does...I know the zig zag and everything else...but I do know that one trader posted a chart and dredding said it had a big 3 on it which made it invalid so can dredding or someone explain the semafor if its not too much trouble or never mind maybe i should just go back through the thread...dont want to ask any questions that have already been answered
No man is free who is not a master of himself. -P.M.-
  • #569
  • Jan 24, 2011 7:58am Jan 24, 2011 7:58am
Quoting pmullin86
#3 semafor reversals...hmmm...I'm going to have to go through the thread again as I'm still not too sure how to use the semafor indicator or quite sure what it does...I know the zig zag and everything else...but I do know that one trader posted a chart and dredding said it had a big 3 on it which made it invalid so can dredding or someone explain the semafor if its not too much trouble or never mind maybe i should just go back through the thread...dont want to ask any questions that have already been answered

pullin, you may be talking about mine from post 576 on the 15 min. Understandable question:

You see the previous signal at the top? That one roughly correlates to the signal from the hourly so that is the one I cared about. The way I see it, the sem is going to give a signal with a lot of the smaller retracements. Based on the longer time frame signal, try to decide which shorter TF sem signal to follow.

I think this is what Dread means by indie being indicators of PA.
Is this correct logic? Also, re-paint doesn't matter that much.

Let me know if I am being an idiot and overthinking it. . .

by the way now up 12 pips

shake
  • #570
  • Jan 24, 2011 8:03am Jan 24, 2011 8:03am
Note the upper sem signal on the 15 is still holding. The old one has been re-set. Dread or someone let me know if I am off base with trade system, or just over thinking the thing.

Shake

Looking like good trade.
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  • #571
  • Edited 8:30am Jan 24, 2011 8:18am | Edited 8:30am
Well it was another wonderful day with no pips made Nothing but cherry picked charts......Gosh this system just really sucks! doesnt it? All these repainting indicators!! lol

Hope everyone that is not a hating doubter made some pips today....If not keep trying it on demo....in a week or 2 you will be golden!!
  • #572
  • Jan 24, 2011 8:19am Jan 24, 2011 8:19am
lol it makes perfect sense to me lol you arent overthinking it at all at least I do get exactly what you mean...and dont worry im not concerned with the re-painting factor...i kind of know at least a little bit about the market and so I know that when you know what your looking for these indicators whether repainting or not are there just to make it clearer for you and easier to find what you need nd that is all...lol...thanks for the response...
No man is free who is not a master of himself. -P.M.-
  • #573
  • Jan 24, 2011 8:24am Jan 24, 2011 8:24am
Glad to see you back Dred,

I hope everyone is making as many PIPs as I am with this very simple system. I have been trading a similar system for a couple years. This system Dred has put together makes it very easy for the new traders to visualize the PA levels and make good sound trading decisions.

Thanks again Dred!!

Kurt

Quoting Dredding82
Well it was another wonderful day with no pips made Nothing but cherry picked charts......Gosh this system just really sucks! All these repainting indicators!! doesnt it? lol
  • #574
  • Jan 24, 2011 8:28am Jan 24, 2011 8:28am
Hey dred, why do I have a feeling that 200 pips in a day isnt even close to this sytem's best day...lol and the day isnt even over yet...lol...you've gotta love it...you should change the name of the thread to pippin made easy lol
No man is free who is not a master of himself. -P.M.-
  • #575
  • Jan 24, 2011 8:32am Jan 24, 2011 8:32am
Quoting pmullin86
Hey dred, why do I have a feeling that 200 pips in a day isnt even close to this sytem's best day...lol and the day isnt even over yet...lol...you've gotta love it...you should change the name of the thread to pippin made easy lol
Because that was only 4 pairs and i closed most WAY TO EARLY!! lol

Well i named it Freebie cause im giving it for free plus freebie .....who doesnt want something that is FREE! lol

And yes DONT BE GREEDY!! The only reason i was today was to prove to all the HATERS!! it can make PIPS!! ALOT OF PIPS!! but only once you get to know how to use it right and do not doubt yourself when you use it!
  • #576
  • Jan 24, 2011 8:32am Jan 24, 2011 8:32am
Quoting Dredding82
Well it was another wonderful day with no pips made Nothing but cherry picked charts......Gosh this system just really sucks! All these repainting indicators!! doesnt it? lol

yeah, I'm laughing all the way to the bank. My charts are as live and current as I can manage to get.

Here is same trade now trading the 30. Think I'll take a little profit and let it roll a little.

PS made 35 Pip on GU Long a few hours ago using your technique. I am now guaranteed to close profitable for the day.

Thanks again Dread, Great system!!

Shake
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  • #577
  • Jan 24, 2011 8:32am Jan 24, 2011 8:32am
100 PIPS today . Im going drink
  • #578
  • Jan 24, 2011 8:35am Jan 24, 2011 8:35am
Hey Dred, I am curious though although you said you use your gut to exit for the most part...but as far as exits go what kind of things do you look for or do you pretty much just look at high potential support and resistance areas as your targets and exits...please advise...
No man is free who is not a master of himself. -P.M.-
  • #579
  • Jan 24, 2011 8:37am Jan 24, 2011 8:37am
This is a very good system. With little bit of background analysis you could make a living out of this. Lets do everything we can to keep dredding82 posting here.

btw may we know your name please dredding82?
  • #580
  • Jan 24, 2011 8:38am Jan 24, 2011 8:38am
just asking because im sure there are many different exit options some which may be too early and some too late but im just trying to figure where did you start with your exits before you had the experience to go wirth your gut instinct...
No man is free who is not a master of himself. -P.M.-
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