Price Action Trading with Indicators! The Freebie System | Page 35 | 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

  • #681
  • Jan 25, 2011 7:37am Jan 25, 2011 7:37am
If anyone is using my system and likes it please make sure to vote on the thread poll and also rate the thread if you have not done it yet....

If you dont like my system.....vote also....i want the public to judge!! and see what other memebers think!
  • #682
  • Jan 25, 2011 7:38am Jan 25, 2011 7:38am
Quoting Aztrader2
I was short on AUD/USD from 0.9970, but took "only" about 30 pips because I made a mistake: closed the whole position insted of one half...
Suddenly went down straight to 4H TL (0.9900) which was my target!!!

Beside that I think I'm gonna fall in love with you Tater... because I HATE all that Damn F..... repainting Indi's.....
Hey any profit is better then a loss!! Well if your a chick thats sweet i need a new GF....If not....umm......yea......thats gonna be a problem! lmao
  • #683
  • Jan 25, 2011 7:53am Jan 25, 2011 7:53am
Dredding, getting out on the CHF now with 30 pips before reports.

A cool 70 pips with 2 trades on the M15 charts.
  • #684
  • Jan 25, 2011 7:54am Jan 25, 2011 7:54am
Quoting Dredding82
Hey any profit is better then a loss!! Well if your a chick thats sweet i need a new GF....If not....umm......yea......thats gonna be a problem! lmao

Hey...wath lossss? I HAD to make 70 pips!! But I was so stupid to make a mistake!
p.s. maybe AUD/USD is going to rise again in 4H TF....


Ooops....you're not a chick...? Yeah..this is really a BIG problem.....
maybe I would love you.....platonically


But, seriously.... Your system rocks!!!

p.s. I've already voted
  • #685
  • Jan 25, 2011 7:58am Jan 25, 2011 7:58am
Quoting Aztrader2
Hey...wath lossss? I HAD to make 70 pips!! But I was so stupid to make a mistake!
p.s. maybe AUD/USD is going to rise again in 4H TF....


Ooops....you're not a chick...? Yeah..this is really a BIG problem.....
maybe I would love you.....platonically


But, seriously.... Your system rocks!!!

p.s. I've already voted
I was saying even though you only made 30 its better then it being a 30 loss.... Yea def not a chick last time i checked when using the restroom....lmao

Thanks for the vote!
  • #686
  • Jan 25, 2011 8:00am Jan 25, 2011 8:00am
what do you do when heiken ashi is trending down nice and smooth then have one green/blue reversal candle just pop up then later heiken ashi change back to red and head south?

do you immediately close the position on the blue reversal candle?
  • #687
  • Jan 25, 2011 8:24am Jan 25, 2011 8:24am
Quoting bluexpec
Dredding, getting out on the CHF now with 30 pips before reports.

A cool 70 pips with 2 trades on the M15 charts.
Hi Bluexpec,

Sorry, but I don't understand how did you make 70 pips if entering following the rules?
Can you please explain to me?
Thanks!!
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf.gif Size: 62 KB
  • #688
  • Jan 25, 2011 8:37am Jan 25, 2011 8:37am
Hey Dredding, thanks a ton for sharing this wonderfully simple system. Am new here so cudnt send a PM for indicators. Just managed to get them somehow. 2 issues:
1. The site doesnt allow me to vote for your poll...displays"Multiple Choice Poll. Voters: 115. You may not vote on this poll".
But count me in the Aye sayers list.

2. I trade the Indian stocks, though am new to this. I trade the 5 minute bars looking at 1 hour for trend direction. However, I sometimes find it confusing to know the overall trend on the hourly. By the time it signals change of direction, most of the move is done in.

So what I am doing is, the moment a Support/Resistance line is broken, I start looking for trades in the direction of the brake. I have attached a chart, marked 2 areas where I think the trend changed and the resulting 2 trades.
However, I couldnt get a way how I could have shorted the moment candles changed colors (area highlighted in a yellow rect).

Can you please let me know how to catch that (or shd I be happy with the ones I took).....and also whether I am taking the trades correctly?????

I know you are very busy, so no worries, reply after markets or whenever free in next 1-2 days. Thanks a tonnnnnnnnnnnnnn.

King Uncle
Attached Image (click to enlarge)
Click to Enlarge Name: nf 5min.gif Size: 76 KB
  • #689
  • Jan 25, 2011 8:56am Jan 25, 2011 8:56am
Quoting Aztrader2
Hi Bluexpec,

Sorry, but I don't understand how did you make 70 pips if entering following the rules?
Can you please explain to me?
Thanks!!
I took 30 pips on the CHF the other 40 on the previous trade. The price went just past the fibo line backed down with a big dark cloud cover candle the stochastic crossed back down and the heiken ashi candle turned red on a long term trend downwards.

See part of chart attached with my entry marked with red lines

Dredding please let me know if I did something wrong, cause I'm still learning.
Attached Image
  • #690
  • Jan 25, 2011 9:00am Jan 25, 2011 9:00am
Quoting bluexpec
I took 30 pips on the CHF the other 40 on the previous trade. The price went just past the fibo line backed down with a big dark cloud cover candle the stochastic crossed back down and the heiken ashi candle turned red on a long term trend downwards.

See part of chart attached with my entry marked with red lines

Dredding please let me know if I did something wrong, cause I'm still learning.
So, you entered short on the open of the candle you marked with red line? Isn't it?
  • #691
  • Jan 25, 2011 9:05am Jan 25, 2011 9:05am
Quoting Aztrader2
So, you entered short on the open of the candle you marked with red line? Isn't it?
yes I went short on CHF closing with 30 pips and I closed for 40 pips on the AUDUSD short from a bounce on the pivot line
  • #692
  • Jan 25, 2011 9:13am Jan 25, 2011 9:13am
Quoting kinguncle
Hey Dredding, thanks a ton for sharing this wonderfully simple system. Am new here so cudnt send a PM for indicators. Just managed to get them somehow. 2 issues:
1. The site doesnt allow me to vote for your poll...displays"Multiple Choice Poll. Voters: 115. You may not vote on this poll".
But count me in the Aye sayers list.

2. I trade the Indian stocks, though am new to this. I trade the 5 minute bars looking at 1 hour for trend direction. However, I sometimes find it confusing to know the overall trend...

Red candle close and stoch crossed down
Green candle close and stoch crossed up....

Please read the thread!
  • #693
  • Jan 25, 2011 9:14am Jan 25, 2011 9:14am
Quoting bluexpec
I took 30 pips on the CHF the other 40 on the previous trade. The price went just past the fibo line backed down with a big dark cloud cover candle the stochastic crossed back down and the heiken ashi candle turned red on a long term trend downwards.

See part of chart attached with my entry marked with red lines

Dredding please let me know if I did something wrong, cause I'm still learning.

You took the trade before candle close ....i wait for candle close to confirm if you feel comfortable to take a trade before the close go for it....But its not confirmed till the close of the candle...
  • #694
  • Jan 25, 2011 9:37am Jan 25, 2011 9:37am
Hi guys,
What's Happened to the EU...? News data were good for USD

Those people who manages SM alway surprise me....

But I've already took >70 pips short on the first part of my trade and went stopped out at + 15 only the second part.

Plus about +30 on AUD.....
So, let's call it a day!!

Thanks again Dredding....
  • #695
  • Jan 25, 2011 9:53am Jan 25, 2011 9:53am
Will anyone provide the indicators and template, please?
  • #696
  • Jan 25, 2011 10:07am Jan 25, 2011 10:07am
Quoting tjfxtrader
Will anyone provide the indicators and template, please?
Pm with your EMAIL!
  • #697
  • Jan 25, 2011 10:08am Jan 25, 2011 10:08am
Quoting Aztrader2
Hi guys,
What's Happened to the EU...? News data were good for USD

Those people who manages SM alway surprise me....

But I've already took >70 pips short on the first part of my trade and went stopped out at + 15 only the second part.

Plus about +30 on AUD.....
So, let's call it a day!!

Thanks again Dredding....
Good Job !!!
  • #698
  • Jan 25, 2011 10:08am Jan 25, 2011 10:08am
Quoting kevguy
what do you do when heiken ashi is trending down nice and smooth then have one green/blue reversal candle just pop up then later heiken ashi change back to red and head south?

do you immediately close the position on the blue reversal candle?
Show a pic..............
  • #699
  • Jan 25, 2011 10:18am Jan 25, 2011 10:18am
so far so good! (25 pips)
Attached Image
passion and discipline
  • #700
  • Jan 25, 2011 10:26am Jan 25, 2011 10:26am
Quoting Dredding82
Red candle close and stoch crossed down
Green candle close and stoch crossed up....

Please read the thread!

Thanks for the reply Dredding, think thats how even I have marked my entries on the chart I posted.

My question was.....How do you identify a trend change on the hourly chart.Say it takes a few red bars on hourly to change the trend to down, does it mean there wont be any Short trades till then on the lower(5 minutes) timeframe?

Thanks for being so patient.
1 trader viewing now