Price Action Trading with Indicators! The Freebie System | Page 69 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Freebie 1 min trading method 1,227 replies

Naked Trading Using Price Action (No Indicators) 32 replies

Pure Price Action Trading - NO lines or indicators 49 replies

Help adding a filter to the Freebie Indicator 3 replies

EUR/USD Trading Price Action System 2 replies

Attachments: Price Action Trading with Indicators! The Freebie System
Exit Attachments

Price Action Trading with Indicators! The Freebie System

  • #1,361
  • Feb 16, 2011 6:23am Feb 16, 2011 6:23am
Quoting Dredding82
So what do you guys think of this trading setup? Think it will make it easy enough that a monkey could trade?

The "Buy/Sell Zones" DO NOT move till the end of the day....you just wait for price to hit that level and a pivot in it then place your order, SL would be the next Pivot outside of the "Zones" TP would be the other side of the "Zones"

Might have to let some people test it out...its a new setup lol....trying to make it so people will stop asking questions! HAHAHA
Hi,
looks interesting your new test setup. those zones based on what?
i would prefer red lines for the sell zone and green lines for the buy zone to avoid confusion
cheers
  • #1,362
  • Feb 16, 2011 6:24am Feb 16, 2011 6:24am
Ill be happy to give them a try out. Liking your system already and any extra bits will be appreciated.
nollej is power..
  • #1,363
  • Feb 16, 2011 6:29am Feb 16, 2011 6:29am
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 123 KB
  • #1,364
  • Feb 16, 2011 6:34am Feb 16, 2011 6:34am
Quoting Dredding82

New template is looking good...
  • #1,365
  • Edited 1:55pm Feb 16, 2011 6:39am | Edited 1:55pm
Quoting prof8t
New template is looking good...
Well since everyone is calling me "TRO" or "The Rumpled One" i thought i would show another system i use that is like his " Trade like a rat" ...........we ARE NOT just trading one way.....But we are swinging the highs and lows!!...I think i will call this system "Trade like a Monkey" lmao!!(JK)....You could use it with my Freebie System but i thought this up so you can have set and forget trades or for people that want to trade but dont have time to watch the charts!
  • #1,366
  • Feb 16, 2011 7:26am Feb 16, 2011 7:26am
Quoting Dredding82
Well since everyone is calling me "TRO" or "The Rumpled One" i thought i would show another system i use that is like his " Trade like a rat" ......So since my lines dont redraws.....we ARE NOT just trading one way..But we are swinging the highs and lows!!...I think i will call this system "Trade like a Monkey" lmao!!(JK)....You could use it with my Freebie System but i thought this up so you can have set and forget trades or for people that want to trade but dont have time to watch the charts!
You are killing me "Trade like a monkey" .....classic!
  • #1,367
  • Feb 16, 2011 7:29am Feb 16, 2011 7:29am
Quoting barend15
You are killing me "Trade like a monkey" .....classic!

Well in the jungle im from........Monkeys LOVE EATING RATS! lol
  • #1,368
  • Feb 16, 2011 7:42am Feb 16, 2011 7:42am
Quoting nollej
Hey barend15 i see there is some high impact news coming up on the GBp. Do you think it would be a little better to wait for a little after the news release to decide whether to sell or not just in case it makes a big spike??
Sorry I only saw your post now. I have traded currencies for more than a decade. Was the first to trade the news and the first that got banned worldwide from trading the news. All the monkeys that came afterwards screwed it up as well.

So I would suggest to wait for the retracement if you can't get filled immedeatly, or wait for the system to give you a signal. What I have learned after all these years, is that if you miss an opportunity another one will manifest. Don't force a trade - wait for the trigger.
  • #1,369
  • Feb 16, 2011 7:49am Feb 16, 2011 7:49am
yeh because i was only a junior at that stage it took a while for it to display up... definately good advice about not forcing the trade.. im only new at this and as many probably do sometimes you just want to trade as often as possible in the hope of making profits.. patience is key this system has done well today though for me..almost up 150 pips if only i had more money to make more money...
nollej is power..
  • #1,370
  • Feb 16, 2011 8:05am Feb 16, 2011 8:05am
Quoting nollej
yeh because i was only a junior at that stage it took a while for it to display up... definately good advice about not forcing the trade.. im only new at this and as many probably do sometimes you just want to trade as often as possible in the hope of making profits.. patience is key this system has done well today though for me..almost up 150 pips if only i had more money to make more money...
Patience my friend. The key to succeed is money management. Also not everyday will be 100 pips +
  • #1,371
  • Feb 16, 2011 8:27am Feb 16, 2011 8:27am
where can i download the templates? thanks
  • #1,372
  • Feb 16, 2011 8:30am Feb 16, 2011 8:30am
Quoting nollej
if only i had more money to make more money...
That might soon have to read "if only I had more monkey to make more money" looking at what Dred is now working on :-)
Your Attitude Determines Your Altitude
  • #1,373
  • Feb 16, 2011 8:56am Feb 16, 2011 8:56am
Quoting bhcgn
where can i download the templates? thanks
Oh Brother. READ FROM PAGE 1
  • #1,374
  • Feb 16, 2011 8:58am Feb 16, 2011 8:58am
That buy/sell zone indi looks sweet Dred. love it
  • #1,375
  • Feb 16, 2011 9:42am Feb 16, 2011 9:42am
a smart monkey, is a monkey that doesnt monkey with another monkey's monkey
  • #1,376
  • Feb 16, 2011 12:51pm Feb 16, 2011 12:51pm
Quoting Dredding82
OMG!! HELP lol

Ok im working on a indicator here is a pic of it below...Buyers Vs. Sellers its kinda like a real time COT indicator so you dont have to wait 3 days to see what the big boys are doing with there money! This indicator i will give out when i finish it and make sure it works

Thanks
As always Dredding. You are the best. Always helping your fellow traders. More kudos to you. Will be looking out for the new indicator. Will be a game changer to know what the big boys are doing. :-)))
  • #1,377
  • Feb 16, 2011 1:18pm Feb 16, 2011 1:18pm
Having read thru all the posts in this thread I can only say thank you to Dredding for providing a great system with simple rules which are easy to follow and pointing out the basics which I for one never really grasped until now. If you dont get it I would seriously recommend you read it again - the investment is well worth it!!

Dredding - you made a great point about hunting around for systems and jumping from one to the next. I have been there, done that in the past and realise now that it wasn't the systems (most of the time) it was me not following the rules or just not using my eyes.

So thanks again - great system. I'm having a lot of success on demo, still learning and will start posting my screens when I am sure I have understood it all well enough to be consistent.

BTW - I have scoured the threads for the template and indicators so either its sheer luck that everything is working or I do have the right indicators and templates.

You are a busy guy but when you get a chance can you send me the pukker versions please!
  • #1,378
  • Feb 16, 2011 1:23pm Feb 16, 2011 1:23pm
Seriously, I have hired me a whole lot of monkeys....just waiting for Dredding to release the new Indi/templ.

I am buying truck-loads of banana's :-))


Thanks a whole bunch Dredding.
  • #1,379
  • Feb 16, 2011 3:12pm Feb 16, 2011 3:12pm
So i keep looking and my poll is doing ok....85% is really good but i still want atleast 90%!!!

WHERE IS MY 5 STARS!! If you havent voted PLEASE DO SO!! GIMME 5 Stars!lol Theres 160 on my poll but only 41! on my thread rating..........wheres the other 120 votes?

Till i get my 5 stars and 90% i cant send out my "Trade Like A Monkey" System....My own personal goal come before the wealth of others! lol
  • #1,380
  • Feb 16, 2011 3:23pm Feb 16, 2011 3:23pm
Quoting Dredding82
So i keep looking and my poll is doing ok....85% is really good but i still want atleast 90%!!!

WHERE IS MY 5 STARS!! If you havent voted PLEASE DO SO!! GIMME 5 Stars!lol Theres 160 on my poll but only 41! on my thread rating..........wheres the other 120 votes?

Till i get my 5 stars and 90% i cant send out my "Trade Like A Monkey" System....My own personal goal come before the wealth of others! lol
I think people are doing the poll vote and not noticing the rating vote, well I did anyway, but I have rated as well now. Thanks for system its still looking good.
6 traders viewing now