Price Action Trading with Indicators! The Freebie System | Page 56 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #1,101
  • Feb 3, 2011 8:20am Feb 3, 2011 8:20am
[quote=Fun Demental;4368704]
Quoting Dredding82
If unemployment was NOT good for the US then EURusd would GO UP! NOT SHOOT DOWN!......

This is what I meant obviously. Bad ECB and good UC will strengthen the move to the down side on EU.

USD PMI and Factory orders are probably in the same tones.

Dredd, It's not that I don't like your system or anything. I find it to be one of the best published on FF. I think that in such a day of massive critical news it's best not to trade unless you are extreemly proficient and experianced. Actually most [u]system...

My system will CONFIRM any thing ....you just have to know how to read it! We are not picking tops and bottoms....we are just confirming that it was a POSSIBLE TOP OR BOTTOM...then you enter and COUNT THE PIPS!
  • #1,102
  • Edited 8:43am Feb 3, 2011 8:24am | Edited 8:43am
This is SOOO SOOO hard ! lol

The RED lines(#2 pic) are possible SELL areas.....IF GBP keeps going DOWN! which it should since the new low CLOSED BELOW THE LAST " HEADS UP" lol
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 36 KB
Click to Enlarge Name: gbp1.gif Size: 24 KB
  • #1,103
  • Feb 3, 2011 8:45am Feb 3, 2011 8:45am
Hi Dredding82

Sent you a pm already for the indicators and .tpl might have sent it one to many times though lol sorry if you received multiple messages I didn't know if it was getting through. hehe cheers mate
  • #1,104
  • Feb 3, 2011 8:46am Feb 3, 2011 8:46am
the HA sub-window indicator that we have in the above charts looks different to the one on the forum. the one one the forum is not very user friendly. does anyone know where to get the one on the above charts please. alternatively please modify the one on the forum if possible.

happy pipping
Bay The earth is the Lord's and the fullness thereoff.
  • #1,105
  • Feb 3, 2011 8:52am Feb 3, 2011 8:52am
Quoting bayana2020
the HA sub-window indicator that we have in the above charts looks different to the one on the forum. the one one the forum is not very user friendly. does anyone know where to get the one on the above charts please. alternatively please modify the one on the forum if possible.

happy pipping
PLEASE READ POST # 1092 PAGE #73

Thanks!
  • #1,106
  • Feb 3, 2011 9:26am Feb 3, 2011 9:26am
Quoting Dredding82
As you can see on the M15 it made a LOWER LOW....THEN A LOWER HIGH!! HA confirmed!! On the H1 it made a HIGH THEN a LOW....Followed by a LOWER HIGH!......HA CONFIRMED!!
Dredd,

I appreciate the time you spend explaining !

fun
  • #1,107
  • Feb 3, 2011 10:19am Feb 3, 2011 10:19am
Dredding, or anyone else here.
Can you please send me the pivot indicator that you guys our using. I have tried many here on ff. They dont seem to be the one being used here.
Or point me to a link regarding that indicator.

Thanks
  • #1,108
  • Feb 3, 2011 1:11pm Feb 3, 2011 1:11pm
Congrats Dredds.

Not only does your system present winning trades time after time it also stops us (always wrong) end of trend predictors in our tracks with the ha color change candles.

Many thanks to all the contributors like trading with the trend as explained by Beshakey and Prof8t's clearing up in no uncertain terms of the Fib Rule

(Remember, we are looking for areas in which price fails around the fib lines.
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.)

And many other gems from all your other contributors.

My advice to all traders is read and reread this thread paying special attention to the posted live trades.

Then just grow your account quickly and confidently.

My live account is up 33% in one week!!

Really you are a clever boy Dredds!
  • #1,109
  • Feb 3, 2011 1:33pm Feb 3, 2011 1:33pm
http://i56.tinypic.com/157c2ef.gif

Dredding, your marked up chart makes it so easy to understand!

See the dot at the top

See the red candle after the dot at the top

Go Short, Go

See the pips in my account

See the dot at the bottom

See the green candle after the dot at the bottom

Go Long, Go

See the pips in my account

  • #1,110
  • Feb 3, 2011 2:09pm Feb 3, 2011 2:09pm
Hi all,
I have been averaging lately 40 pips a day with your system! (down from 50 pips/day). Once I hit my target for the day (40-50 pips) I am done for the day. Is this normal what people here averaging?? I am happy for this average, just wondering if others are doing the same or more. Just taking a poll. I hope Dredding82 doesnt mind.
  • #1,111
  • Feb 3, 2011 2:51pm Feb 3, 2011 2:51pm
Quoting Jane_peters
Dredding, or anyone else here.
Can you please send me the pivot indicator that you guys our using. I have tried many here on ff. They dont seem to be the one being used here.
Or point me to a link regarding that indicator.

Thanks
READ POST #1092!!!!
  • #1,112
  • Feb 3, 2011 4:53pm Feb 3, 2011 4:53pm
Quoting forexforex
Hi all,
I have been averaging lately 40 pips a day with your system! (down from 50 pips/day). Once I hit my target for the day (40-50 pips) I am done for the day. Is this normal what people here averaging?? I am happy for this average, just wondering if others are doing the same or more. Just taking a poll. I hope Dredding82 doesnt mind.
WOW only 40? and how are you down from 50?! my system picks up a move and confirms it before any other....besides flipping a coin lol....
  • #1,113
  • Feb 3, 2011 6:34pm Feb 3, 2011 6:34pm
Quoting tjfxtrader
http://i56.tinypic.com/157c2ef.gif

Dredding, your marked up chart makes it so easy to understand!

See the dot at the top

See the red candle after the dot at the top

Go Short, Go

See the pips in my account

See the dot at the bottom

See the green candle after the dot at the bottom

Go Long, Go

See the pips in my account


What's that CAN line in your on-chart meter? Looks like something I'm looking for.

Thanks
  • #1,114
  • Feb 3, 2011 6:46pm Feb 3, 2011 6:46pm
Quoting prof8t
What's that CAN line in your on-chart meter? Looks like something I'm looking for.

Thanks
GUYS!!!!!!!!!!!! Please stop all the BS posts asking about indicators, PM the person(s) that you have seen it on there chart and ask them there!

If you would look thru the thread or use the search on the TOP RIGHT CORNER...... that question has been answered a number of times "multi candle color indicator"........Please lets keep this thread CLEAN of BS questions about "whats that indicator", "Where can i find that indicator" ,"Can someone give me that indicator"...etc.....lets keep it about trading a system....PLEASE PLEASE PLEASE!

The only reason i started this thread was to share a very easy and simple system that people could really trade....Right now i havent even gotten to the questions from people that wanted to learn to trade it proper because I HAVE to read thru the BS!

Thanks guys
  • #1,115
  • Feb 3, 2011 6:47pm Feb 3, 2011 6:47pm
Hi Dredding82,
I have sent you a new PM with my e mail address to get the indicators etc.

My original PM which I sent last Sunday may have been lost?

Hopefully you will find time to deal with this request.
I look forward to trying your system.
Dave..
  • #1,116
  • Feb 3, 2011 10:08pm Feb 3, 2011 10:08pm
Well, mathematically...I am averaging 40 to 50 pips (3 lots), so that is 120 to 150 per day. As I said, I get in and get out. The latest downtrend of EUR/USD, I only got 20 pips, but I already made my 20 pips prior. But with 3 lots and being conservative, that's a lot of dough.



Quoting Dredding82
WOW only 40? and how are you down from 50?! my system picks up a move and confirms it before any other....besides flipping a coin lol....
  • #1,117
  • Feb 3, 2011 10:18pm Feb 3, 2011 10:18pm
Some people just contend with 100 pips for the week.That could mean $10,$100,$1000 or more.
With God all things are possible.
  • #1,118
  • Feb 3, 2011 10:24pm Feb 3, 2011 10:24pm
Quoting forexforex
Well, mathematically...I am averaging 40 to 50 pips (3 lots), so that is 120 to 150 per day. As I said, I get in and get out. The latest downtrend of EUR/USD, I only got 20 pips, but I already made my 20 pips prior. But with 3 lots and being conservative, that's a lot of dough.
Oh ok thought you were trying to down my system lol i understand just make what you need and call it aday...after awhile you will be wanting more pips when you see how it works on a higher TF....then its just check your charts for about 15 mins every day
  • #1,119
  • Feb 4, 2011 12:05am Feb 4, 2011 12:05am
How's the chart and the pivots look. Just wanted to confirm. Heiken Ashi, Zig Zag, and FibPivots all loaded on a 15 minute TF. Stop will go below most recent low when long, visa versa for short. TP will be at the next fib pivot. I'm looking at scaling in and out as well.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_15 Mins_snapshot.png Size: 28 KB
Found a way to detect where the market will turn.
  • #1,120
  • Feb 4, 2011 1:59am Feb 4, 2011 1:59am
Hi Dredding, I seem to still get a lot of the trades wrong. I feel like a bit of an ass for getting a simple system like yours wrong, so I'm just going to ask a lot of questions, because it's probable just something small that I'm doing wrong.

I include a trade I took long on the AUDUSD m15. Price backed down onto the R2 and backed upwards again. stochastic crossed upwards and heiken ashi turned green. Trend is upwards.

Can you spot anything I'm doing wrong Dredding.
Attached Image (click to enlarge)
Click to Enlarge Name: 04.02.2011 AUDUSD.JPG Size: 139 KB
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