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Price Action Trading with Indicators! The Freebie System

  • #941
  • Jan 30, 2011 2:27am Jan 30, 2011 2:27am
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
Look at page 1 posts 8 and 9.What do you understand from here in regards to the Zigzag?On the 1 hr TF the trend is up and on the 15 min TF is was retracing.So I traded the 15 min TF in relation to the 1 hr TF.
With God all things are possible.
  • #942
  • Jan 30, 2011 3:55am Jan 30, 2011 3:55am
max, yes ... but my way

use the various TF for me is the key to forex trading.



lorka ... Monday I put the indicator from the other computer.
from this computer ... I can only add graphics ...I donīt know because it lets me attach indicators .... I am not good at computer science
I hope that by Monday any forum member to attach the indicator to lorca
  • #943
  • Jan 30, 2011 5:34am Jan 30, 2011 5:34am
Quoting Dehyah
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.

CAD/JPY was in a downtrend the whole day on Friday (look at the H1 chart). Higher timeframe to confirm trend, lower timeframe to execute trade. You should have been looking for sell signals, not buy signals.
  • #944
  • Jan 30, 2011 7:24am Jan 30, 2011 7:24am
porfirio thx you !

use multi tf is the key for forex. i registered that well !!!

1 : and for a 15 min char, short time trading, your favorite tf is M15 - h1 - h4 like writed previously ? a M15 - M30 - h1 is well too but lil' less accurate ?

2 : or like Dehyah's rules too : look in TF 1hours if the stoch is "over" and take position in 15 mn if stoch is over too in same direction, fail on pivot, and the target is the next pivot point, and stop loss the last hight or low ?

thx for all !

P.S : in waiting of you fib pivot indy, some other members wait too i see
  • #945
  • Jan 30, 2011 7:32am Jan 30, 2011 7:32am
Quoting Lorka85
porfirio thx you !

use multi tf is the key for forex. i registered that well !!!

1 : and for a 15 min char, short time trading, your favorite tf is M15 - h1 - h4 like writed previously ? a M15 - M30 - h1 is well too but lil' less accurate ?

2 : or like Dehyah's rules too : look in TF 1hours if the stoch is "over" and take position in 15 mn if stoch is over too in same direction, fail on pivot, and the target is the next pivot point, and stop loss the last hight or low ?

thx for all !

P.S : in waiting of you fib pivot indy, some...
not because I disagree,,
but why, if I see a lot of TF, I became confused,,?
only an analysis, and I'm always wrong, don't follow me,
  • #946
  • Jan 30, 2011 7:44am Jan 30, 2011 7:44am
I feel it was my fault

The strategy is described perfectly in the 1 st page

not to do anything else
  • #947
  • Jan 30, 2011 7:57am Jan 30, 2011 7:57am
Hi Dredding,
Read all of the thread, sounds a like a good system, and want to to give it a try.

Just PM you with e mail address for indi's etc, hopefully you will find time to send them over the next few days.
Happy pipping!
Dave
  • #948
  • Jan 30, 2011 8:09am Jan 30, 2011 8:09am
i try to put 3 stochatisque mtf http://codebase.mql4.com/3151 for see stochatisques in one time without change timeframe manualy.

i will try that on simulator.

porfirio you explain perfectly, and its very simple, really and thx you !
  • #949
  • Jan 30, 2011 10:58am Jan 30, 2011 10:58am
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
This MTF with divergence strategy looks great but it seems like picking tops and bottom no more alligning with an already established trend. Correct me if I am wrong.
  • #950
  • Jan 30, 2011 11:02am Jan 30, 2011 11:02am
oh wow! nearly 1000 posts in few days. Most popular thread in FF.

Well done dreddings82.
  • #951
  • Jan 30, 2011 11:46am Jan 30, 2011 11:46am
Quoting Sorento
This MTF with divergence strategy looks great but it seems like picking tops and bottom no more alligning with an already established trend. Correct me if I am wrong.
Hi Sorento

That is what trading is about isnt it, picking when to get in as early as possible, thats how to have a low risk high reward entry.

If you rely on indicators and get in when a trend is firmly underway you are getting in late, the only way you will make money is if its a big trend when you get in, but who knows at the time ?

Get in early with low risk...... that is what this system gives you an oppertunity to do.

Im talking about dredding82's original system here



ab1
  • #952
  • Jan 30, 2011 12:41pm Jan 30, 2011 12:41pm
at the limit, you can copy/paste the code of fib_pivot indicator HERE on a post, and i will compile it myself with mq4 file ?

thx, its can be really quick and give a nice gift for community !
  • #953
  • Jan 30, 2011 12:57pm Jan 30, 2011 12:57pm
Quoting prof8t
CAD/JPY was in a downtrend the whole day on Friday (look at the H1 chart). Higher timeframe to confirm trend, lower timeframe to execute trade. You should have been looking for sell signals, not buy signals.
What is the difference between Market Flow and Trend?
With God all things are possible.
  • #954
  • Jan 30, 2011 1:28pm Jan 30, 2011 1:28pm
I was just browsing some forums and not only is this strategy by Dredding popular on FF but also on Indonesian forums and it has been very well received in the UK and many are making pips now that eluded them before.This is what the big boys use and Thanks to Dredding for showing us this straight forward no BS strategies to make a decent living of this,Yes last week with so much news the strategies gave most a great amount of pips..this is what we are here,,,I use several strategies but this has become my bread and butter first and the others are incorporated..
I suggest everyone to read the tread more then once and only post questions
if you are confused.What can be simpler then just following 4 rules? otherwise you should not be trading and why are folks making it more complicated..
Use the rules for a few weeks and you will be surprised at your account balance..you will have losers along the way but pretty soon you will see the patterns repeat themselves and your eyes will be attuned.
Good luck to all starting Sun and watch out for news..
Leave no pips behind
Rumiguru FXEngineer
  • #955
  • Jan 30, 2011 2:58pm Jan 30, 2011 2:58pm
Quoting rumiguru
I was just browsing some forums and not only is this strategy by Dredding popular on FF but also on Indonesian forums and it has been very well received in the UK and many are making pips now that eluded them before.This is what the big boys use and Thanks to Dredding for showing us this straight forward no BS strategies to make a decent living of this,Yes last week with so much news the strategies gave most a great amount of pips..this is what we are here,,,I use several strategies but this has become my bread and butter first and the others are...

I Aggree!!

Dredding made a very good job for us! Thanks again Daddy!!
  • #956
  • Jan 30, 2011 3:12pm Jan 30, 2011 3:12pm
Quoting bayana2020
[
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.
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.[/quote]

Agreed, bayana

You are always best to wait for the exact signals of the system.

If the hourly is up, for instance, and the 15 in retracement and approaching pivot, then 15 crosses and closes past pivot, EITHER:

It is an early trend change (in which case the whales will eat you)

OR

the whales haven't come back to take more money

Here is a VERY CHERRY PICKED Example of the logic that bayana is talking about. Note that the pivot has been crossed and closed with an unfavorable looking candle. JUST A OPINION, but I would stand aside for now. (Note that since it is a weekend, and charts are dead and is at close of week friday it is very cherry picked)

One of 3 things is going to happen:

1. Price will go to the next pivot and then turn, where we MIGHT get a signal and make a lot of money

2. The price will turn on this pivot after all. We didn't make money, but WE DIDN'T LOSE, AND DIDN'T GO THROUGH A LOT OF STRESS. So What? There there will be new oppertunities

3. The price continues up, but since we are standing aside, we are also NOT LOSING MONEY

Sometimes NOT making a trade is the BEST TRADE

Shake
Attached Image(s) (click to enlarge)
Click to Enlarge Name: hourly retrace example.gif Size: 45 KB
Click to Enlarge Name: 15 min example gu.gif Size: 44 KB
  • #957
  • Jan 30, 2011 3:15pm Jan 30, 2011 3:15pm
Quoting rumiguru
I was just browsing some forums and not only is this strategy by Dredding popular on FF...
Would you please share the original 4 rules?
  • #958
  • Jan 30, 2011 4:59pm Jan 30, 2011 4:59pm
Quoting tjfxtrader
Would you please share the original 4 rules?
please read the whole thread and you will find the original 4 rules. It's all available in this thread.
  • #959
  • Jan 30, 2011 5:12pm Jan 30, 2011 5:12pm
Quoting fredgold3434
Thanks bayana
i have checked the first posts,does not mention anything about M lines.
regards
Fred
I think I have seen Dred say ANY LINE a few times.

Hell, with this system, I think you could trade a crack on your screen


Shake
  • #960
  • Jan 30, 2011 5:27pm Jan 30, 2011 5:27pm
Dear Beshakey , you can post the pivot fib indicator from your chart plz ? if you cant attach here, just post the code source of the mq4 file. i search it since many days for begin of try this method ;( :lol:
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