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Price Action Trading with Indicators! The Freebie System

  • #861
  • Jan 27, 2011 8:14pm Jan 27, 2011 8:14pm
Thanks for sharing Dred..

Being highly sceptical I really didnt expect this method to be promising..
However nothing ventured.. and all that

So a bit of a surprise thus far..

Still demoing until I am comfortable with the method..but shown is a screenshot of another profitable trade..
Would have probably been out at S1 with real money though..

It will be very helpful if everyone shares more trade set ups - the good and not so good
Thanks again for your help..

Attached Image (click to enlarge)
Click to Enlarge Name: GBUSDEntry.jpg Size: 189 KB
  • #862
  • Jan 27, 2011 10:47pm Jan 27, 2011 10:47pm
Hi Dredding
Failing on mid Pivot lines(M1,M2 and so on) are counting too for valid entery?
Thanks
Fred
  • #863
  • Jan 27, 2011 11:09pm Jan 27, 2011 11:09pm
Quoting fredgold3434
Hi Dredding
Failing on mid Pivot lines(M1,M2 and so on) are counting too for valid entery?
Thanks
Fred
Check the first posts I think there is an answer somewhere. I do trade around the pivot point and the fibs. I have been ignoring the Ms not sure what their significance is. The taught method is to trade around the fibs.
Bay The earth is the Lord's and the fullness thereoff.
  • #864
  • Jan 27, 2011 11:18pm Jan 27, 2011 11:18pm
Thanks bayana
i have checked the first posts,does not mention anything about M lines.
regards
Fred
Quoting bayana2020
Check the first posts I think there is an answer somewhere. I do trade around the pivot point and the fibs. I have been ignoring the Ms not sure what their significance is. The taught method is to trade around the fibs.
  • #865
  • Jan 27, 2011 11:19pm Jan 27, 2011 11:19pm
Could someone give me the steps to post screen shots.I would like to show my set ups whether it is good or bad.
With God all things are possible.
  • #866
  • Jan 27, 2011 11:20pm Jan 27, 2011 11:20pm
File -> Save As Picture...
  • #867
  • Jan 27, 2011 11:48pm Jan 27, 2011 11:48pm
Quoting abob4039
I also thanks to u Dredding for your best and simple system...Herty ! here is indi i want to share...HA for sub window.
Great thanks.

May pips always be with you.
  • #868
  • Jan 28, 2011 12:55am Jan 28, 2011 12:55am
Dredding, don't want to bore you with the same questions. Please just help me with this some more, because I'm missing trades.

What is your process when you start trading?? Do you first sit in determine directions you are going to trade in, and how do you personally do it that works for you, and how do you personally determine when to swing in another direction?

Because some mornings I look at the heiken candles colors of the H1, H4 and D1 and when it is red I go short for the day and green Long for the day, and then I miss big moves in opposite directions.

Please help me with a basic and easy way to get in on those great trades...pretty please.

Thanks, loving your system!!
  • #869
  • Jan 28, 2011 1:00am Jan 28, 2011 1:00am
Quoting fredgold3434
Hi Dredding
Failing on mid Pivot lines(M1,M2 and so on) are counting too for valid entery?
Thanks
Fred
See the following response to that question from Dredding (post 317):

Originally Posted by xman http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=4332833#post4332833)
@ Dredding

Fibo line and median line, do you give them the same value, or Fibo have more value?

Fib is stronger most times but you have to play them both or you will miss alot of trades that would be very profitable
  • #870
  • Jan 28, 2011 1:06am Jan 28, 2011 1:06am
its great,thank you saintmo
Quoting saintmo
See the following response to that question from Dredding (post 317):

Originally Posted by xman http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=4332833#post4332833)
@ Dredding

Fibo line and median line, do you give them the same value, or Fibo have more value?

Fib is stronger most times but you have to play them both or you will miss alot of trades that would be very profitable
  • #871
  • Jan 28, 2011 1:34am Jan 28, 2011 1:34am
Quoting fredgold3434
Hi Dredding
Failing on mid Pivot lines(M1,M2 and so on) are counting too for valid entery?
Thanks
Fred

Yes you can use the mid pivots as vaild enters also...all lines could be a vaild enter if the rules are met...
  • #872
  • Jan 28, 2011 1:38am Jan 28, 2011 1:38am
Quoting bluexpec
Dredding, don't want to bore you with the same questions. Please just help me with this some more, because I'm missing trades.

What is your process when you start trading?? Do you first sit in determine directions you are going to trade in, and how do you personally do it that works for you, and how do you personally determine when to swing in another direction?

Because some mornings I look at the heiken candles colors of the H1, H4 and D1 and when it is red I go short for the day and green Long for the day, and then I miss big moves in opposite...
The moves you missed where they with or against the trend? If YOU ARE NOT HAPPY WITH 5 PIPS YOU WILL NOT BE HAPPY WITH 10 PIPS! Dont worry about the trades you didnt take because you missed it...just TRADE WITH THE TREND!

It doesnt matter how i start my days..Every person needs to find what they need or like to do before they start trading!!..like i said i use FA & TA and i do my homeworks when i FIRST START!
  • #873
  • Jan 28, 2011 1:59am Jan 28, 2011 1:59am
Great system.i made 15 pips easy just fallow the rules.its still going for more in AUDUSD.
  • #874
  • Edited 7:44am Jan 28, 2011 2:52am | Edited 7:44am
Here are 2 indicator that do the same thing one is just a histo and one is arrows...I will only attach the ex4 file till i hear back from the coder and he tells me it is ok to release the source code.

This inidcator well tell you when Stoch and Heiken Ashi confirm together...Its still in testing but more testing the faster we can see if it works...

Please any comments or feed back do it in PM so we can try and keep the thread as clean as possible. Hopefully this will help the people that are too lazy to check stoch and HA...lol

**UPDATED the indicators to include a filter****
You can set the histo on Onclose & Filter to False for a heads up and leave the signal arrow to true for the confirmed on close

Thanks
Dredding82
Attached File(s)
File Type: mq4 Freebie Histo Signal.mq4   6 KB | 1,522 downloads
File Type: mq4 Freebie Signal Alert.mq4   6 KB | 1,583 downloads
  • #875
  • Jan 28, 2011 6:44am Jan 28, 2011 6:44am
Here is a trade I caught off the pivot on the hourly EJ a few minutes ago. Caught it off a very small 2 candle retrace. Up about 25 pips so far.

Will probable close pretty soon with USD econ data coming out in about 45 min.

(ignore the other short trade above it, different system)

May be all I trade today, since it's friday

Shake

Oops: I have the arrow pointing at the wrong entry. . . the Freebie is on the short entry below it
Attached Image (click to enlarge)
Click to Enlarge Name: ej hourly.gif Size: 36 KB
  • #876
  • Jan 28, 2011 6:57am Jan 28, 2011 6:57am
Quoting Dredding82
Here are 2 indicator that do the same thing one is just a histo and one is arrows...I will only attach the ex4 file till i hear back from the coder and he tells me it is ok to release the source code.

This inidcator well tell you when Stoch and Heiken Ashi confirm together...Its still in testing but more testing the faster we can see if it works...

Please any comments or feed back do it in PM so we can try and keep the thread as clean as possible. Hopefully this will help the people that are too lazy to check stoch and HA...lol

**UPDATED the...
Found a bug... colors not working.

Here is the code fix:

SetIndexStyle(0, DRAW_ARROW, EMPTY,3, color1);
SetIndexArrow(0, 233);
SetIndexStyle(1, DRAW_ARROW, EMPTY,3, color2);
SetIndexArrow(1, 234);
  • #877
  • Jan 28, 2011 6:59am Jan 28, 2011 6:59am
Quoting tjfxtrader
Found a bug... colors not working.

Here is the code fix:

SetIndexStyle(0, DRAW_ARROW, EMPTY,3, color1);
SetIndexArrow(0, 233);
SetIndexStyle(1, DRAW_ARROW, EMPTY,3, color2);
SetIndexArrow(1, 234);

The colors work fine....I have already tested it
  • #878
  • Jan 28, 2011 7:05am Jan 28, 2011 7:05am
Welcome back Beshakey
Please keep posting, I always pick up a few small jewels from your charts. Missed you yesterday. Beshakey's post of #677 taught me most about the system. I had never used zigzag nor semaphors. Thanks
gmcc
  • #879
  • Jan 28, 2011 7:41am Jan 28, 2011 7:41am
Quoting gmcc
Welcome back Beshakey
Please keep posting, I always pick up a few small jewels from your charts. Missed you yesterday. Beshakey's post of #677 taught me most about the system. I had never used zigzag nor semaphors. Thanks
gmcc
Thanks for that. Those of us that don't trade for a living (yet) have to WORK . . . anyway, I am up another 58 pips the last two days with this system. Also had 2 losses.

Just closed the EJ I posted above for 32 pips.

About the semaphors, don't be discouraged, you will call them wrong a lot of the time.

It's not always YOUR mistake, either. The whales determine currency direction. That's Forex.

Shake
  • #880
  • Edited 9:12am Jan 28, 2011 7:42am | Edited 9:12am
Quoting Dredding82
The colors work fine....I have already tested it
Ok you ment you couldnt change colors.....thought you ment it was not drawing on the charts.. I have changed the files on the post.
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