Price Action Trading with Indicators! The Freebie System | Page 57 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #1,121
  • Feb 4, 2011 2:54am Feb 4, 2011 2:54am
Dredding, entered another trade on the GBP short. Trend short, stoch cross and heiken candle turned red. Price bounced of pivot.
Attached Image (click to enlarge)
Click to Enlarge Name: 04.02.2011 GBPUSD.JPG Size: 153 KB
  • #1,122
  • Feb 4, 2011 6:40am Feb 4, 2011 6:40am
Quoting neil421
Anybody with the right indicators trading today? I've been trying out the system went long for eurusd like 2 hours ago still long.. I guess everyones to busy right now but if anyone with the indicators is online right now. please send me a PM or reply to this post so that i can send you an email.. anyways I'm using what indicator i found throughout the thread managed to find a few of em but Still looking for the most important part the Fibonacci pivot indicator
Hi, here is a snip of my charts, I was personally more looking at the GBP and the AUD today, EUR very noisy with very small ranging moves and if you look at the H30 and H1 charts on the EUR the trend is more SHORT than long according to me. Look for a currency with a distinct trend direction and check back on page 2 of the thread what the rules are for Dreddings system.

Remember this is the first Friday of the month, not a good day to trade at all with all the news coming out.
Attached Image (click to enlarge)
Click to Enlarge Name: 04.02.2011 EURUSD.JPG Size: 165 KB
  • #1,123
  • Feb 4, 2011 7:39am Feb 4, 2011 7:39am
Quoting bluexpec
Hi, here is a snip of my charts, I was personally more looking at the GBP and the AUD today, EUR very noisy with very small ranging moves and if you look at the H30 and H1 charts on the EUR the trend is more SHORT than long according to me. Look for a currency with a distinct trend direction and check back on page 2 of the thread what the rules are for Dreddings system.

Remember this is the first Friday of the month, not a good day to trade at all with all the news coming out.
Yeah bro i figured that out the hard way lol(got stopped out 22 pips)
anyway i just got the a hold of the right indicators wooo finally

made a quick 13 pips i think from that trade im about to leave the house so i'll try this more next week hehe cheers mate and thanks for the tip I'll attach my new charts next week once i get the chance to trade again..
  • #1,124
  • Feb 4, 2011 7:48am Feb 4, 2011 7:48am
Here's a quick trade that i made
Attached Image
  • #1,125
  • Edited 4:28pm Feb 4, 2011 7:55am | Edited 4:28pm
GUYS.....euro made a lower LOW ...........so it showed short so did GBP!


And no i didnt trade GBP ....i only trade a few pairs with NFP by hand.....but im banking on EURO!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 29 KB
Click to Enlarge Name: euro1.gif Size: 32 KB
  • #1,126
  • Feb 4, 2011 8:02am Feb 4, 2011 8:02am
Made a small loss on a AUDUSD trade early in the morning but the GBPUSD sure made up for it. I took both at the same time in the morning, GMT. Looks like my 100 pip stop will be hit. Not even the news could take me out.

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Click to Enlarge Name: freebie4.gif Size: 34 KB
  • #1,127
  • Feb 4, 2011 8:21am Feb 4, 2011 8:21am
Quoting bluexpec
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.

YEA..............ITS NFP FRIDAY!! you cant use a regular SL!! lol Right before NFP and US unemployment rate comes out the CAD unemployment comes up which makes the market go the reverse of what its going to when US reports come out.....well not always but most times....to trade NFP...when you see a huge spike up SELL SELL SELL
if it is a HUGE spike down BUY BUY BUY...its pretty easy just go with smaller lots and dont worry about a SL till after that M15 candle closes!
  • #1,128
  • Feb 4, 2011 8:25am Feb 4, 2011 8:25am
Quoting neil421
Here's a quick trade that i made

That was lucky....it was against the TREND! and look how fast it reversed! Gotta becareful if you have never traded NFP.....its not tricky you just have to go with the flow and make them PIPS!
  • #1,129
  • Feb 4, 2011 8:28am Feb 4, 2011 8:28am
Quoting Shanexx
Made a small loss on a AUDUSD trade early in the morning but the GBPUSD sure made up for it. I took both at the same time in the morning, GMT. Looks like my 100 pip stop will be hit. Not even the news could take me out.

Attachment

Hope you banked them PIPS! lol good going trading with the TREND!
  • #1,130
  • Feb 4, 2011 8:31am Feb 4, 2011 8:31am
If you took trades and they are with the trend like EurUsd....i hold mine till just before the close of the day....once London closes the price keeps moving most times even more and thats HOW YOU BANK PIPS ON NFP!
  • #1,131
  • Feb 4, 2011 8:34am Feb 4, 2011 8:34am
Quoting bluexpec
Dredding, entered another trade on the GBP short. Trend short, stoch cross and heiken candle turned red. Price bounced of pivot.


How did this trade TURN OUT FOR YA!!! Guys you will not catch EVERY PIP!! Stop trading all the could be signals and only trade WITH THE TREND!
  • #1,132
  • Feb 4, 2011 8:48am Feb 4, 2011 8:48am
Hi Dredding82,
I never trade NFP. I learned my lesson 5 years ago. I may try it next time using your strategy with mini accounts.
  • #1,133
  • Feb 4, 2011 8:49am Feb 4, 2011 8:49am
Hello,

Sorry if this sounds silly, but hope you'll pardon me as I am new to this site.

Just wondering where can I read about the system properly and where can I find the .tpl files that you've loaded.

Regards.
  • #1,134
  • Feb 4, 2011 9:25am Feb 4, 2011 9:25am
Quoting gj6n68
Hello,

Sorry if this sounds silly, but hope you'll pardon me as I am new to this site.

Just wondering where can I read about the system properly and where can I find the .tpl files that you've loaded.

Regards.

Now listen good before someone JUMPS on you and tear you to bits. Go to page 2 and read it over and over until you understand it, the rest is in attachments. Oh, google The Rumpled One if you still don,t get it.
  • #1,135
  • Feb 4, 2011 10:45am Feb 4, 2011 10:45am
Quoting Shanexx
Now listen good before someone JUMPS on you and tear you to bits. Go to page 2 and read it over and over until you understand it, the rest is in attachments. Oh, google The Rumpled One if you still don,t get it.

THIS IS NOT "TRO" or "TheRumpledone" SYSTEM!!!!!!!! I AM NOT HIM!!!!

THIS IS MY SYSTEM to google him would be no POINT!
  • #1,136
  • Feb 4, 2011 10:51am Feb 4, 2011 10:51am
For everyone that still did not get the indicators i will be sending the indicators and tpl in a few hours soon as i get finished watching my trades i still have open....Hope everyone has a great weekend
  • #1,137
  • Feb 4, 2011 12:39pm Feb 4, 2011 12:39pm
Quoting Dredding82
THIS IS NOT "TRO" or "TheRumpledone" SYSTEM!!!!!!!! I AM NOT HIM!!!!

THIS IS MY SYSTEM to google him would be no POINT!
No you are not TRO.

But if you do google him, you will find the multimeters.
  • #1,138
  • Feb 4, 2011 3:51pm Feb 4, 2011 3:51pm
Quoting Dredding82
That was lucky....it was against the TREND! and look how fast it reversed! Gotta becareful if you have never traded NFP.....its not tricky you just have to go with the flow and make them PIPS!
yeah man, I'll read up on the thread some more to pick up more insights of your trade..
  • #1,139
  • Feb 4, 2011 4:01pm Feb 4, 2011 4:01pm
I have a question about the rule of price failing at pivot.. does it have to fail right on the line or can it fail a few pips below or above the pivot?
  • #1,140
  • Feb 4, 2011 4:05pm Feb 4, 2011 4:05pm
Quoting neil421
I have a question about the rule of price failing at pivot.. does it have to fail right on the line or can it fail a few pips below or above the pivot?
READ THE THREAD! That like every other question has been answered to many times to COUNT! If you think about it you will know the answer!
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