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Price Action Trading with Indicators! The Freebie System

  • #1,221
  • Feb 10, 2011 7:32am Feb 10, 2011 7:32am
Quoting prof8t
Yes... but... if you use the monthly pivot/fib levels, you may not have as many opportunities as if you stay with the weekly pivot/fib levels.
That's true prof8t. I just use them for possible roadblocks.. that's all..
  • #1,222
  • Feb 10, 2011 8:09am Feb 10, 2011 8:09am
Nice Trade on the daily.... 110 sl... 110 tp. +110 pips...
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  • #1,223
  • Feb 10, 2011 8:15am Feb 10, 2011 8:15am
Quoting prof8t
Nice Trade on the daily.... 110 sl... 110 tp. +110 pips...
Nice pips!!
  • #1,224
  • Feb 10, 2011 8:23am Feb 10, 2011 8:23am
Quoting prof8t
Nice Trade on the daily.... 110 sl... 110 tp. +110 pips...
nice fishing
Bay The earth is the Lord's and the fullness thereoff.
  • #1,225
  • Feb 10, 2011 8:57am Feb 10, 2011 8:57am
92sl... 92tp... currently +80... c'mon 12 more!!!
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  • #1,226
  • Feb 10, 2011 5:28pm Feb 10, 2011 5:28pm
Quoting prof8t
92sl... 92tp... currently +80... c'mon 12 more!!!

SWEET PIPS MAN!!! Glad someone else is also trading the higher TFs i know i LOVE EM!! easy pips in mins a day!
  • #1,227
  • Edited 6:41am Feb 11, 2011 6:19am | Edited 6:41am
Ok guys sorry havent been around had to trade this week and been working on the Pivot indicators....i have it adjusted so that you can see the past days and there lines....I know you guys hate "repainting" even though i LOVE IT SO! lol ALL THE PIVOT LINES ARE THE SAME.....Not some other indicator.....

Here is a pic and i also found a trend indicator that makes it CLEAR which way you should trade! Trying to cut all the BS questions and make it dummy proof...still have to test the trend indicator to see if it updates in real time.......but you can see it looks good for today!! The trend inidcator is in the TOP RIGHT CORNER! just incase someone asks! lol


If anyone has seen or used the "trend" indicator in the corner of my screen let me know....dont want to waste my time having it on my charts if someone knows it doesnt work, I didnt code it....PLEASE let me know lol
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  • #1,228
  • Feb 11, 2011 6:44am Feb 11, 2011 6:44am
OH yea the pivot lines should work on sundays now also lol...not sure since i never have that problem....and dont know if you have to auto refresh it yet either...Hope not....lol. Guess someone that had that problem would have to test it and see about the sunday candle, You can also add any 4 pairs you want to the "trend" indicator i just have those on this PC so thats the ones you see
  • #1,229
  • Feb 11, 2011 6:54am Feb 11, 2011 6:54am
Quoting Dredding82
OH yea the pivot lines should work on sundays now also lol...not sure since i never have that problem....and dont know if you have to auto refresh it yet either...Hope not....lol. Guess someone that had that problem would have to test it and see about the sunday candle
The trend indicator would be cool.. was looking for a good one yet to find one...there was one on lawgirls thread that looked..seemed to slow the mt4 down though... Can you send me the new pivot one you have? I use a coupe of platforms one has the the sunday problem
  • #1,230
  • Feb 11, 2011 7:05am Feb 11, 2011 7:05am
Quoting Dredding82
Ok guys sorry havent been around had to trade this week and been working on the Pivot indicators....i have it adjusted so that you can see the past days and there lines....I know you guys hate "repainting" even though i LOVE IT SO! lol ALL THE PIVOT LINES ARE THE SAME.....Not some other indicator.....

Here is a pic and i also found a trend indicator that makes it CLEAR which way you should trade! Trying to cut all the BS questions and make it dummy proof...still have to test the trend indicator to see if it updates in real time.......but...
nice find bro will be eyeing this one aswell looks good.
  • #1,231
  • Feb 11, 2011 7:07am Feb 11, 2011 7:07am
Quoting Dredding82
Ok guys sorry havent been around had to trade this week and been working on the Pivot indicators....i have it adjusted so that you can see the past days and there lines....I know you guys hate "repainting" even though i LOVE IT SO! lol ALL THE PIVOT LINES ARE THE SAME.....Not some other indicator.....

Here is a pic and i also found a trend indicator that makes it CLEAR which way you should trade! Trying to cut all the BS questions and make it dummy proof...still have to test the trend indicator to see if it updates in real time.......but...

The trend indy is based off of two moving averages on the 1-hour chart and stochastics off the 4-hour chart. Therefore, this indy can be used on timeframes below one hour. Also, if you are using this indy and your MT4 platform uses suffix letters, you will ned to include those in your selection of currencly pairs to watch. EX: ThinkForex uses a suffix of "t" behind all currency pairs. In the indy, if I want to watch the EURUSD pair, I would have to type in "EURUSDt".
  • #1,232
  • Feb 11, 2011 7:30am Feb 11, 2011 7:30am
Quoting prof8t
The trend indy is based off of two moving averages on the 1-hour chart and stochastics off the 4-hour chart. Therefore, this indy can be used on timeframes below one hour. Also, if you are using this indy and your MT4 platform uses suffix letters, you will ned to include those in your selection of currencly pairs to watch. EX: ThinkForex uses a suffix of "t" behind all currency pairs. In the indy, if I want to watch the EURUSD pair, I would have to type in "EURUSDt".
Yea it uses MA's and Stoch but it also has MACD and AC in the code which someone blocked out....Have you used it? I just found it when looking thru the net trying to find a way to improve an indicator im trying to make that will show trend.
  • #1,233
  • Feb 11, 2011 8:10am Feb 11, 2011 8:10am
Quoting Dredding82
Yea it uses MA's and Stoch but it also has MACD and AC in the code which someone blocked out....Have you used it? I just found it when looking thru the net trying to find a way to improve an indicator im trying to make that will show trend.
Ok... did a quick little study on this indy. I took both a 15-min chart and a one hour chart and applied the criteria of the indy which is:

50 MA (smoothed)
100 MA (smoothed)
4-HR Stochs (10-3-3) Also tried 10-1-3 but it doesn't make a difference.

Here are the charts. The blue lines represent the point at which the indy signals long, the red lines are short, and the aqua lines are sideways. I've attached both charts for observation. After looking at this thing, i don't have a whole lot of faith in it's accuracy.
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  • #1,234
  • Feb 11, 2011 8:20am Feb 11, 2011 8:20am
I added a one hour HA indy on the 15-min chart just to show that compared to that trend indy the HA seems to be more reliable. As you can see, the trend indy completely disagrees with the HA indy at the first sell line (red line).
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  • #1,235
  • Feb 11, 2011 8:25am Feb 11, 2011 8:25am
The pivot indi which shows previous levels would be great Dredding82!!

Thanks man!! I will pm u to request for that indi if thats ok..
  • #1,236
  • Feb 11, 2011 8:53am Feb 11, 2011 8:53am
Think the best thing to do is monitor this trend indy for awhile. Currently seems accurate across many pairs. Maybe I'm missing something. Or maybe I just need to go to bed... Have a good weekend all...
  • #1,237
  • Feb 11, 2011 9:01am Feb 11, 2011 9:01am
good set up but still small profit, once again the fib pivot are supporting the trade
Attached Image
passion and discipline
  • #1,238
  • Feb 11, 2011 10:54am Feb 11, 2011 10:54am
Quoting prof8t
Think the best thing to do is monitor this trend indy for awhile. Currently seems accurate across many pairs. Maybe I'm missing something. Or maybe I just need to go to bed... Have a good weekend all...
Well you have to remember you were only looking at the M15 & H1...the indicators uses the H1 & H4 for true trend not spikes in the market....so instead of 15-30 pips you can grab 30-100 pips if you trade with the trend....If not a crap load more pips
  • #1,239
  • Edited 11:24am Feb 11, 2011 10:57am | Edited 11:24am
Ok...thought i had it done righ the first time...NOW im sure but i left out the labels....they pissed me off anyway lol

NOW I CAN SHOW OFF THE "BACKTESTS" everyone is so dying to see.....Now i want you to ask yourself this question...How many SIGNALS do other systems give? And I WANT YOU TO COUNT THE PIPS you could have made....ADD THE LOSERS..........$$$$$$$$ Seeing it yet HATERS!!! lol
NOW COMPOUND THAT MOFO!! $$$$$$$$$!!!!!!!! Trading is easy like i said when you FORGET THE BS others have told you and just TRADE!
The yellow line could have been a possible trade but i like to take them when everything is close together...And remember thats just 1 PAIR! Think if you traded on a higher TF for MORE PIPS and MORE PAIRS!!
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  • #1,240
  • Feb 11, 2011 11:36am Feb 11, 2011 11:36am
I didnt take all these trades cause i am not greedy! But now since i can post what would have been good past trades......HERE THEY ARE..These are so people can see what GOOD trades look like! The "trend" indicator says gold is UP....so i marked all the longs! Add the losers....
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