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Price Action Trading with Indicators! The Freebie System

  • #1,541
  • Apr 1, 2011 9:24am Apr 1, 2011 9:24am
Hi Dredding82

Thanks for sharing the system and taking so much of your time to help others!

Question, (please forgive me if it has already been ask)

Do you know if this method can be applied to a 5m TF?

Thanks again for all you do.
  • #1,542
  • Apr 1, 2011 9:41am Apr 1, 2011 9:41am
Quoting Paulus
ok Im now in this trade using my SB account

GU 1.6046
Risk 19pips
Reward 70 pips

Also EU 1.4156
Risk 22 pips
Reward 54 pips

London now open.......hmmmmm

P

Ok ....

Lost 19 on the GU trade
But gained 52 on the EU trade

Also today

Had another short on GU which went from the daily PP to Daily S1 for 62 pips currently long from 1.6007 risk a bit larger but calculated so as not to exceed 3-5% of account balance

Also had a long on GJ R1 up to R2 for 46 pips

using a spead betting company so ALL swaps can be traded at the same £/pip

Cheers

P
  • #1,543
  • Apr 1, 2011 10:35am Apr 1, 2011 10:35am
Quoting Paulus
Ok ....

Lost 19 on the GU trade
But gained 52 on the EU trade

Also today

Had another short on GU which went from the daily PP to Daily S1 for 62 pips currently long from 1.6007 risk a bit larger but calculated so as not to exceed 3-5% of account balance

Also had a long on GJ R1 up to R2 for 46 pips

using a spead betting company so ALL swaps can be traded at the same £/pip

Cheers

P
The GU trade has now hit its TP for +55 pips

To Recap

GU = -19 +62+55
EU = +52
GJ = + 46

Totals - 19 + 215 = +196 pips

P
  • #1,544
  • Apr 1, 2011 12:16pm Apr 1, 2011 12:16pm
Paulus, Well done
  • #1,545
  • Apr 1, 2011 1:37pm Apr 1, 2011 1:37pm
Quoting winalot
Hi Dredding82

Thanks for sharing the system and taking so much of your time to help others!

Question, (please forgive me if it has already been ask)

Do you know if this method can be applied to a 5m TF?

Thanks again for all you do.

Hey winalot, just take the time to read the first post and you will find severals answer like magic !
Respect and Honor !
  • #1,546
  • Edited 6:39pm Apr 1, 2011 2:16pm | Edited 6:39pm
Quoting Paulus
The GU trade has now hit its TP for +55 pips

To Recap

GU = -19 +62+55
EU = +52
GJ = + 46

Totals - 19 + 215 = +196 pips

P
THATS GREAT!!! Im glad to see you can teach an OLD DOG NEW TRICKS! lol jk
I am also glad to see that someone can follow the rules, 4 SIMPLE ONES and make some really nice pips like i do every day!
NO EMOTIONS & NO FEAR = MANY MANY PIPS!
  • #1,547
  • Apr 1, 2011 2:20pm Apr 1, 2011 2:20pm
Quoting bluexpec
Dredding, very glad your back man. Your trading system has really changed everything for me. Next week starting the real test, going to take off work 3 days a week from next week for the whole month of April to check if I can start doing this for a living, very positive about the move.

Please let me know what the indicators name is on your charts, the thick red and green lines, it looks like it shows the trend/trade direction? Where can I get hold of it?

Cheers and thanks again Dredding.
Thats WONDERFUL!! bluexpec....Great to see people still using my system from the start of my thread and took the time to get to learn my system so they could reap the REWARDS!
  • #1,548
  • Apr 2, 2011 5:12am Apr 2, 2011 5:12am
Don't see the logic of moving this thread to trading journals - it is not a trading journal from Dreddings. It appears that somebody doesn't like this thread, and is letting their ego overcome the better part of their nature.

At the very least, perhaps readers of the thread and members ( who are really customers of the forum) should be given an explanation of why this thread should not be in Trading Systems.
Such transparency can only be good for the forum, ensuring that the rules are followed by all in a fair way, and there is equality of treatment.

We see what those that weild any power in any sphere of life have done to the world - I sincerely hope that ultimately generosity of spirit will win.

Pardy
  • #1,549
  • Apr 2, 2011 6:33am Apr 2, 2011 6:33am
Moving a thread is nothing compared with what they did. They just erased the old poll results.


Quoting Pardy
Don't see the logic of moving this thread to trading journals - it is not a trading journal from Dreddings. It appears that somebody doesn't like this thread, and is letting their ego overcome the better part of their nature.

At the very least, perhaps readers of the thread and members ( who are really customers of the forum) should be given an explanation of why this thread should not be in Trading Systems.
Such transparency can only be good for the forum, ensuring that the rules are followed by all in a fair way, and there is equality of treatment....
  • #1,550
  • Apr 2, 2011 2:34pm Apr 2, 2011 2:34pm
EU last Friday gave a valid signal on the 4H TF and it was quickly folled by another signal from the daily TF. The EU I feel is poised for a massive bullish move.
  • #1,551
  • Apr 3, 2011 5:27pm Apr 3, 2011 5:27pm
Funny how the mods will not reply to my msgs or email but yet im on there facebook page...http://www.facebook.com/forexfactory

So if my thread is so hot....why not reply to me when i have asked them why my thread was moved? So do they really like my thread or do they hate it that much?
  • #1,552
  • Apr 3, 2011 6:29pm Apr 3, 2011 6:29pm
Quoting Dredding82
Funny how the mods will not reply to my msgs or email but yet im on there facebook page...http://www.facebook.com/forexfactory

So if my thread is so hot....why not reply to me when i have asked them why my thread was moved? So do they really like my thread or do they hate it that much?

Anyway....WE love your thread....
  • #1,553
  • Apr 4, 2011 1:14am Apr 4, 2011 1:14am
Its 2am(EST) Germany OPEN!! people!! time to WAKE UP! Got to start watching charts and making the pips....
  • #1,554
  • Apr 4, 2011 2:21am Apr 4, 2011 2:21am
I am now short £$ from 1.6139 at daily R1 PP

TP is daily PP at 1.6071
SL is 1.6176

5% rule on MM
RR is 1.8 : 1

For this week still ignoring trend
But for info

15min is up so going against the trend here

Cheers

P
  • #1,555
  • Apr 4, 2011 9:18am Apr 4, 2011 9:18am
so far straight profit test on demo...lol...superb
  • #1,556
  • Apr 4, 2011 9:52am Apr 4, 2011 9:52am
still in the short I posted lols

the 3 I follow

E/U
G/U
G/J

All locked in small sideways movement no where near any pivots apart from the signal triggered above.

its a day with very low volatility so all systems / trading will suffer.

More importantly no losses have incurred which is positive

We wait and watch with thumb in mouth

P
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  • #1,557
  • Apr 4, 2011 9:53am Apr 4, 2011 9:53am
Quoting are_ed
so far straight profit test on demo...lol...superb
What swap ?

P
  • #1,558
  • Apr 4, 2011 10:12am Apr 4, 2011 10:12am
Quoting Paulus
What swap ?

P
260usd that i try in demo account
  • #1,559
  • Edited Apr 5, 2011 10:48am Apr 4, 2011 10:52am | Edited Apr 5, 2011 10:48am
Quoting Paulus
What swap ?

P

Hi Paulus,

I want to set up on MT4 platform that I have and I get this error when I comile :

'3_Level_ZZ_Semafor' - invalid number

can you help me to set up it on the platform .



P.S.1. I downloded the template from the website

P.S.2. Thank you for the Indicator the semafor is working now ; I'm trying to set up the freebie newbie tpl from dredding. The weird thing is that I cannot PM you or dredding and neither post here. I will ask for your help to set up the custom in my system - please PM me.

P.S.3. help me to trade
Kind regards,
Madalin
  • #1,560
  • Apr 4, 2011 10:59am Apr 4, 2011 10:59am
oh ok

This trade at a make or break now with it needing to break this low of 6119

If it does Im confident of the TP being hit...its a slow boring day today thats for sure

P
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