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Price Action Trading with Indicators! The Freebie System

  • #1,641
  • Apr 8, 2011 2:31am Apr 8, 2011 2:31am
I placed a trade @ 01.04 am this morning GMT.

PP = 1.42934

15m sig 11.45pm
(candle low 1.42984)
(candle close 1.42991)

15m sig 01.15am
(candle low 1.42945)
(candle close 1.43013)

checked 1hr chart and saw HLs above PP & 1.43000.

+ 100 pips, will post image later

Speed
" Dont wait for your boat to come in ..... swim out and meet it"
  • #1,642
  • Apr 8, 2011 2:34am Apr 8, 2011 2:34am
Quoting speedtrip
I placed a trade @ 01.04 am this morning GMT.

PP = 1.42934

15m sig 11.45pm
(candle low 1.42984)
(candle close 1.42991)

15m sig 01.15am
(candle low 1.42945)
(candle close 1.43013)

checked 1hr chart and saw HLs above PP & 1.43000.

+ 100 pips, will post image later

Speed

SWEET TRADE! Glad more people are getting how simple this system is and are now seeing HOW PROFITABLE it is
  • #1,643
  • Apr 8, 2011 2:44am Apr 8, 2011 2:44am
Hi guys. this is a great system. I mainly trade 3 and 5 min charts with it on eu and gu and 15min on other pairs as too busy with the scalping to do anymore than 2 pairs on the small tf.. plan is half of at 10pips on scalps and stop to be let rest run for as long as you can. I have added a couple of other indis to dreddings ones as on smaller tf needed a little extra confirmation but on 15min and up you only need his system and trade support and resistance rejections stick to the rules nice constant pips everyday. Screenshot posted of my setup hope don't mind dredding. Is a nice visual system and if you stick to the rules can make pips pips pips I will try and post more pics of trades i take to help out.. happy pipping everyone
Attached Image (click to enlarge)
Click to Enlarge Name: eu8april.jpg Size: 120 KB
  • #1,644
  • Edited 3:22am Apr 8, 2011 2:50am | Edited 3:22am
Took this a few ago....all rules were met but as all the pairs have moved so much i doubt i will beable to get much out of this trade if anything but it will be ok...I caught alot of the HUGE moves eariler tonight...But i still have to show losers for you guys then you will understand how a DAILY RANGE works lol

Enter: 0.9123
SL: 17 pips
TP: 17-68+ pips

SL Hit....-17 pips

SELL
Trade With The Trend
1) ZZ Semafor On TOP(Within 1-3 Candles)
2) Failed At Pivot
3) Stoch Crossed DOWN
4) HA Candle Closed RED
SL= Last High(ZZ Semafor Dot)
TP= 1:1-1:4(risk/reward) or Use Other Pivots
DONT BE GREEDY!
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 105 KB
  • #1,645
  • Apr 8, 2011 3:07am Apr 8, 2011 3:07am
[quote=Dredding82;4530885]Took this a few ago....all rules were met but as all the pairs have moved so much i doubt i will beable to get much out of this trade if anything but it will be ok...I caught alot of the HUGE moves eariler tonight...But i still have to show losers for you guys then you will understand how a DAILY RANGE works lol

Wish I had been up at 2 am last night would have been lots of pips
  • #1,646
  • Apr 8, 2011 3:10am Apr 8, 2011 3:10am
[quote=kiwiparis;4530937]
Quoting Dredding82
Took this a few ago....all rules were met but as all the pairs have moved so much i doubt i will beable to get much out of this trade if anything but it will be ok...I caught alot of the HUGE moves eariler tonight...But i still have to show losers for you guys then you will understand how a DAILY RANGE works lol

Wish I had been up at 2 am last night would have been lots of pips

Yea it sucks when all the moves happen when you cant trade...thats why i start my trading day around 8pm(est) and call it a day around 8am(est)...just depends on the markets and if i made the pips i wanted for my weekend FUN MONEY! I still have alot of strippers to support lmao
  • #1,647
  • Apr 8, 2011 3:16am Apr 8, 2011 3:16am
[quote=Dredding82;4530946]
Quoting kiwiparis


Yea it sucks when all the moves happen when you cant trade...thats why i start my trading day around 8pm(est) and call it a day around 8am(est)...just depends on the markets and if i made the pips i wanted for my weekend FUN MONEY! I still have alot of strippers to support lmao
LOL ... in europe so I tend to get the most active parts of the day... but have been some big moves happening in asian session lately .... still making pips so am happy
  • #1,648
  • Apr 8, 2011 3:27am Apr 8, 2011 3:27am
[quote=kiwiparis;4530969]
Quoting Dredding82

LOL ... in europe so I tend to get the most active parts of the day... but have been some big moves happening in asian session lately .... still making pips so am happy
yea i know...i used to just trade london and US sessions but for the past like 6-8 months all the good setups have been in the auzzie and Jap session or right before the london open so i had to switch up to catch the moves
  • #1,649
  • Apr 8, 2011 3:39am Apr 8, 2011 3:39am
Took this long on GU as solid signal and nice bounce of resistance now support ... got a nice boost from the news and half of at 20 in this case as was quick stops are plus so free trade see what happens ... 2 trades today 2 winners and 30 pips in the bag not bad for a mornings work
Attached Image (click to enlarge)
Click to Enlarge Name: gu8april.gif Size: 45 KB
  • #1,650
  • Edited 3:59am Apr 8, 2011 3:46am | Edited 3:59am
Just took this one...the TREND is UP but i think it will be good to atleast make my pips back for the loss on the UsdChf trade(-17) All rules were met for this trade but the trend.

Enter: 1.0532
Sl: 8 pips
TP: 8-32+ pips

SELL
Trade With The Trend
1) ZZ Semafor On TOP(Within 1-3 Candles)
2) Failed At Pivot
3) Stoch Crossed DOWN
4) HA Candle Closed RED
SL= Last High(ZZ Semafor Dot)
TP= 1:1-1:4(risk/reward) or Use Other Pivots
DONT BE GREEDY!
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 111 KB
  • #1,651
  • Apr 8, 2011 4:03am Apr 8, 2011 4:03am
OH WOW!! I forgot today was FRIDAY! lmao! And all these sites and people say dont trade on fridays? YEA cause they want to MAKE SURE YOU DO NOT make pips!
  • #1,652
  • Edited 5:37am Apr 8, 2011 4:27am | Edited 5:37am
Some rules were checked on the list but TREND and failed at pivot(no more pivots lol) but it has moved so much it has to retrace some....lets hope so!**EDIT: There is a regular mid pivot it bounced off of***

Enter: 1.4406
SL: 16 pips
TP: 16-64+ pips

SELL
Trade With The Trend
1) ZZ Semafor On TOP(Within 1-3 Candles)
2) Failed At Pivot
3) Stoch Crossed DOWN
4) HA Candle Closed RED
SL= Last High(ZZ Semafor Dot)
TP= 1:1-1:4(risk/reward) or Use Other Pivots
DONT BE GREEDY!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 105 KB
  • #1,653
  • Apr 8, 2011 5:21am Apr 8, 2011 5:21am
Hopefully this is just a small upward pull back before it jumps down so i can make some PIPS on these 2....lol
  • #1,654
  • Apr 8, 2011 5:55am Apr 8, 2011 5:55am
nice chatting with ya dredding and thanks for convincing me and keepin me awake to trade this morning (lol was a zombie all day, felt like after a good ol' college all-nighter)

haven't tested the new OHLC indi yet...but looking forward to using it

a few trades from today, lmk if anyone sees something I did incorrectly or less than ideal!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart.gif Size: 19 KB
Click to Enlarge Name: charteur.gif Size: 20 KB
Click to Enlarge Name: chartrchf.gif Size: 23 KB
Click to Enlarge Name: charteurgbp.gif Size: 20 KB
  • #1,655
  • Apr 8, 2011 5:57am Apr 8, 2011 5:57am
They look GREAT TO ME! Maybe i need to take some lessons from you!lol
  • #1,656
  • Apr 8, 2011 6:27am Apr 8, 2011 6:27am
In this one lets see how it goes Shame its friday and i'm not making any pips ....

Kolesar sent you pm with indi ... keeping this thread for the indis on dreddings system
Attached Image (click to enlarge)
Click to Enlarge Name: echf8april.gif Size: 46 KB
  • #1,657
  • Apr 8, 2011 6:35am Apr 8, 2011 6:35am
closed eurchf for 20 pips up 50 for the day .. thanks dredding for the system
  • #1,658
  • Apr 8, 2011 8:34am Apr 8, 2011 8:34am
Quoting Dredding82
Ok guys if you downloaded the #OHLC-HA DELETE that one you have and use this one....it works properly. When you load it on the chart just keep the regular candles on your chart and make sure you have chart overlay UNchecked so that you see the OHLC-HA candles on TOP of the regular candles....For candle were the open=close it will not draw a line that is why you need your regular candles and it repaints some candles bars back on the previous day but ONLY AFTER it drew it right when the candle was formed and closed,but those are the only bugs i see...
Hi Dredding82, Thanks for the #OHLC-HA indicator! I love those candles!
  • #1,659
  • Apr 8, 2011 10:24am Apr 8, 2011 10:24am
ok we have

EU long from 1.4394 from R2 TP is S3

GU +20 on long from R1 to R2
Now short from R2 at 1.6379 TP is R1

GJ short from 1.3941 tp is daily PP

cheers

P
  • #1,660
  • Apr 8, 2011 10:29am Apr 8, 2011 10:29am
in this trade now
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 36 KB
No man is free who is not a master of himself. -P.M.-
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