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Price Action Trading with Indicators! The Freebie System

  • #921
  • Jan 29, 2011 3:35am Jan 29, 2011 3:35am
Quoting fredgold3434
in this chart image we can see there is not a valid entery for short,because it did not fail on pivot lines,then why does it shoes short arrow?
regards
fred
Fredgold3434,
Please read the tread,the indicators that dredding gave are to be used to confirm that the HA and the stoch indicators are in sync, then YOU are to confirm if the price has failed the pivots for you to trade.
  • #922
  • Jan 29, 2011 4:06am Jan 29, 2011 4:06am
Quoting fredgold3434
in this chart image we can see there is not a valid entery for short,because it did not fail on pivot lines,then why does it shoes short arrow?
regards
fred

As i have said.....THIS INDICATOR IS TO TELL YOU WHEN STOCH AND HA CONFIRM...........YOU MUST CONFIRM THERE WAS A FAIL AT PIVOT!

  • #923
  • Jan 29, 2011 4:08am Jan 29, 2011 4:08am
Quoting pennyman
TheRumpledOne indicator is used here in this set-up correct?
NO!! "TheRumpledOne" adjust indicators and modifies them!!! THESE ARE NOT HIS INDICATORS!

I know this because i LOOKED AT THE CODE!!
  • #924
  • Jan 29, 2011 10:26am Jan 29, 2011 10:26am
Quoting Dredding82
WOW guys i hope you shorted that audusd or eurusd!! PIPS PIPS PIPS!! lol

Good day

Pls can u help me with all ur indicators and the manual on how your system works.

best regards.
We trade to live not live to trade................
  • #925
  • Jan 29, 2011 10:28am Jan 29, 2011 10:28am
Quoting ovyeh
Good day

Pls can u help me with all ur indicators and the manual on how your system works.

best regards.

NO!! Because you DID NOT READ THE THREAD! If you did you wouldnt have posted this comment!!

POINT PROVED ONCE AGAIN!
  • #926
  • Jan 29, 2011 12:01pm Jan 29, 2011 12:01pm
Got it,thank you for heads up.
Fred
Quoting Dredding82
As i have said.....THIS INDICATOR IS TO TELL YOU WHEN STOCH AND HA CONFIRM...........YOU MUST CONFIRM THERE WAS A FAIL AT PIVOT!

  • #927
  • Jan 29, 2011 1:41pm Jan 29, 2011 1:41pm
Quoting porfirio
hello friends
as I said this morning, yesterday TRADING on Japanese session

impressive strategy .... approximately 860 pips (430 x 0.5 lots) in a single night

operate without money management or anything ... simplemenyte to see the percentage of success.
Hello Porfirio,

What are your entry rules? I do not see any zig zag indicator on your chart. You also are using Stoch from Naning Bob's thread, what are your entry and exit rules?

Great work !!
  • #928
  • Jan 29, 2011 2:25pm Jan 29, 2011 2:25pm
Hi Dredding82,

Would it be possible to send me ur pivot indicator, I am for some reason unable to send you a message.
  • #929
  • Jan 29, 2011 5:45pm Jan 29, 2011 5:45pm


1.-look if the market is overbought or oversold ... the stochastic (or CCI14 to see divergences in higher tf) tells me
stochastic in the same direction (m15-h1-h4 or h1-h4-d1 or h4-d1-w1) or leaving 20 or 80

2.-fib_pivot line failure

nothing else

zigzag ... not interest me


example------ usd-jpy
Attached Image (click to enlarge)
Click to Enlarge Name: cad-jap.gif Size: 128 KB
  • #930
  • Jan 29, 2011 6:03pm Jan 29, 2011 6:03pm
sorry.... cad-jpy
  • #931
  • Jan 29, 2011 6:19pm Jan 29, 2011 6:19pm
you see cad-jpy in this moment .... this oversold .... so that tells us a chance to purchase (buy) .... but when Sunday is better to wait ... was just an example

more.... divergence h4

easy friend.... two minutes
Attached Image (click to enlarge)
Click to Enlarge Name: cad-jap...sobrevendido.gif Size: 115 KB
  • #932
  • Jan 29, 2011 7:12pm Jan 29, 2011 7:12pm
could you tell us the name of your fibo indicator porfirio ? for dl it !

regards, and thx a millions for your very completes en instructives screenshots !
  • #933
  • Jan 29, 2011 8:01pm Jan 29, 2011 8:01pm
I'm using using all here, friend

fib_pivots

if you can not find it let me know and I'll put here
  • #934
  • Jan 29, 2011 8:38pm Jan 29, 2011 8:38pm
yes you can put the fbo pivot indi here plz, for all the community

i have search "fib_pivots" without succes on google

its the same fibo pivot then the original author of this post you think ?
  • #935
  • Jan 29, 2011 10:30pm Jan 29, 2011 10:30pm
I bought this pair where the vertical line pierced the blue candle.What did I do wrong here?
Attached Image (click to enlarge)
Click to Enlarge Name: cad.gif Size: 30 KB
With God all things are possible.
  • #936
  • Jan 29, 2011 11:30pm Jan 29, 2011 11:30pm
Quoting Dehyah
I bought this pair where the vertical line pierced the blue candle.What did I do wrong here?
The zig zag line must be below the candles for a buy and above the candles for a sell. again the general trend is downward. remember the trend is your friend. hope this helps Also the first red candle that crosses the fib line closes below the fib line - that a sell signal
Bay The earth is the Lord's and the fullness thereoff.
  • #937
  • Edited Jan 30, 2011 12:08am Jan 29, 2011 11:55pm | Edited Jan 30, 2011 12:08am
Quoting bayana2020
The zig zag line must be below the candles for a buy and above the candles for a sell. again the general trend is downward. remember the trend is your friend. hope this helps Also the first red candle that crosses the fib line closes below the fib line - that a sell signal

That's not quite accurate. Remember, we are looking for areas in which price fails around the fib lines. Taking a look around the big number three a few candles previous to the red line on the chart shows a setup for a sell. Price fails to penetrate upward the pivot line and the stochs and HA then give a sell signal. Where the red line is on the chart is incorrect for the reason that there was no fail around the Fib1 either direction.

Passing through the Fib lines does not qualify as a rule to this strategy. It is a fail of a pivot that qualifies as one of the rules.
  • #938
  • Jan 30, 2011 12:01am Jan 30, 2011 12:01am
Quoting porfirio
you see cad-jpy in this moment .... this oversold .... so that tells us a chance to purchase (buy) .... but when Sunday is better to wait ... was just an example

more.... divergence h4

easy friend.... two minutes

Thank you my friend. Almost like using TEB multi time frame Stoch and using Divergence like in forex cube...., interesting!
  • #939
  • Jan 30, 2011 12:47am Jan 30, 2011 12:47am
[
Passing through the Fib lines does not qualify as a rule to this strategy. It is a fail of a pivot that qualifies as one of the rules.[/quote]
You are right its not part of the rule but it tells you that the price has not been rejected at the fib level therefore the trend is likely to continue that is wat i meant.
Bay The earth is the Lord's and the fullness thereoff.
  • #940
  • Jan 30, 2011 2:02am Jan 30, 2011 2:02am
What is the trend of the 1hr chart?
My trade was based on the 1hr TF and I entered it on the 15 min TF.
With God all things are possible.
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