Price Action Trading with Indicators! The Freebie System | Page 36 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #701
  • Jan 25, 2011 10:48am Jan 25, 2011 10:48am
Quoting kinguncle
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.

This question as been answered a NUMBER of times already..........Please read the THREAD!
  • #702
  • Jan 25, 2011 2:06pm Jan 25, 2011 2:06pm
Anyone looking for a short opportunity on the Euro soon? If price doesn't go past the R1 level, maybe we can get ready to short

Thanks for the inspiration and sharing your method D Screw the haters, ignore those scoffing fools and morons. Im posting this after reading every page on this thread. Hope more people read before posting, if not, lets just ignore them and carry on making some pips.

Was a nice short this morning on the Euro just after london open.
  • #703
  • Jan 25, 2011 2:44pm Jan 25, 2011 2:44pm
been trading eminis for over a yr with limited success, price movement and vol. on forex looks more consistent so trying to learn more about that, glad that i found your thread and interested in learning more
  • #704
  • Jan 25, 2011 4:11pm Jan 25, 2011 4:11pm
Very nice thread. Thank you.

This indicator is perhaps useful for those using this system who want the color of the HA as well as like to see the real candle.

You can overlay the Stochastic on the HA as shown in pic.

http://www.forexfactory.com/attachment.php?attachmentid=28429&d=1176273419
Attached Image
  • #705
  • Jan 25, 2011 4:51pm Jan 25, 2011 4:51pm
Quoting Dredding82
This question as been answered a NUMBER of times already..........Please read the THREAD!
Dredding I have asked for the indicators several times are you no longer sending them? Im cant pm for some reason but if you could email to me I would love to be a part of this trading forum the system looks great. Thanks for all the posts so far.
  • #706
  • Jan 25, 2011 5:32pm Jan 25, 2011 5:32pm
Quoting helder
Dredding I have asked for the indicators several times are you no longer sending them? Im cant pm for some reason but if you could email to me I would love to be a part of this trading forum the system looks great. Thanks for all the posts so far.
Hes given his email out already I beleive, send him an email kindly and im sure he'll help you.
  • #707
  • Jan 25, 2011 6:11pm Jan 25, 2011 6:11pm
Do you have to wait for the entire candle to close above or below fib pivot level after confirmation of the stochastic cross above or below?
With God all things are possible.
  • #708
  • Jan 25, 2011 6:58pm Jan 25, 2011 6:58pm
Quoting Dehyah
Do you have to wait for the entire candle to close above or below fib pivot level after confirmation of the stochastic cross above or below?
Yes, the 15-minute HA candle closing in the direction of your trade is the trigger. The stochastic can be used as a backup confirmation if you choose. Dredding can have the last word on that.
"Be the change that you wish to see in the world." --Gandhi
  • #709
  • Jan 25, 2011 8:43pm Jan 25, 2011 8:43pm
Quoting Dehyah
Do you have to wait for the entire candle to close above or below fib pivot level after confirmation of the stochastic cross above or below?
Wally is right. I've lost a few from getting impatient. That doesn't mean I wouldn't have lost them anyway. . . haven't kept track. But I know it cost me some losses.

Shake
  • #710
  • Jan 25, 2011 9:23pm Jan 25, 2011 9:23pm
What I used to do is to wait until the entire candle-both body and wick- to close above or below the fib pivot level.That means I lost few pips the way I did it earlier.
With God all things are possible.
  • #711
  • Jan 26, 2011 1:53am Jan 26, 2011 1:53am
Quoting helder
Dredding I have asked for the indicators several times are you no longer sending them? Im cant pm for some reason but if you could email to me I would love to be a part of this trading forum the system looks great. Thanks for all the posts so far.

You can not send PM's because you are a "Junior Member", I have answered what you need to so if you are that status....PLEASE READ THE THREAD!
  • #712
  • Jan 26, 2011 1:54am Jan 26, 2011 1:54am
Quoting Dehyah
Do you have to wait for the entire candle to close above or below fib pivot level after confirmation of the stochastic cross above or below?
That questions has been answered a number of times also...PLEASE READ THE THREAD!
  • #713
  • Jan 26, 2011 1:56am Jan 26, 2011 1:56am
Quoting Dehyah
What I used to do is to wait until the entire candle-both body and wick- to close above or below the fib pivot level.That means I lost few pips the way I did it earlier.

If your crying over losing pips you will not be happy making pips!!
  • #714
  • Jan 26, 2011 2:16am Jan 26, 2011 2:16am
Thank you again for your great system.i really see the great potential on it.one question which maybe alot of traders are wondering too is.

2) Fails at a Fib pivot
It fails by the candle which has the number on it,or it has to be by the entry candle too?
Regards
Fred
  • #715
  • Jan 26, 2011 2:28am Jan 26, 2011 2:28am
Quoting fredgold3434
Thank you again for your great system.i really see the great potential on it.one question which maybe alot of traders are wondering too is.

2) Fails at a Fib pivot
It fails by the candle which has the number on it,or it has to be by the entry candle too?
Regards
Fred
Please read the THREAD! that has been answered a few times already, which im pretty sure since Chubbybgood?....asked the some question almost
  • #716
  • Jan 26, 2011 3:06am Jan 26, 2011 3:06am
looks like a signal for a short is developing. will continue to watch the PA

Rob
Bay The earth is the Lord's and the fullness thereoff.
  • #717
  • Jan 26, 2011 3:11am Jan 26, 2011 3:11am
Quoting bayana2020
looks like a signal for a short is developing. will continue to watch the PA

Rob
also in eurusd, the fib r1 has been testet several times on 15 min
passion and discipline
  • #718
  • Jan 26, 2011 3:16am Jan 26, 2011 3:16am
Guys and Gals....we have alot of reports today for US so i will be busy doing my homework to get an insight so i might not be around much! Please keep up the good trades and hope you guys make ALOT of pips today!
  • #719
  • Jan 26, 2011 3:18am Jan 26, 2011 3:18am
big resistance at 1.3700 time will tell.
Quoting rohule
also in eurusd, the fib r1 has been testet several times on 15 min
Bay The earth is the Lord's and the fullness thereoff.
  • #720
  • Jan 26, 2011 3:20am Jan 26, 2011 3:20am
Quoting bayana2020
big resistance at 1.3700 time will tell.
Well like i said all the big boys are short on euro.....if it doesnt hold its going to shoot up like a ROCKET!
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