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Price Action Trading with Indicators! The Freebie System

  • #1,681
  • Apr 11, 2011 6:49am Apr 11, 2011 6:49am
Quoting Dredding82
Thanks Stochman.....

P.S. Dont forget to vote.....

You're more than welcome Dredd, this thread deserves all the praise that comes its way imho

Unfortunately I don't appear to be able to partake in the voting process just yet but you can be certain of a positive vote when I am

+78 today for me so far, and I'm sure that when I have a bit more experience of the system that things can only get better
  • #1,682
  • Edited 7:42am Apr 11, 2011 7:28am | Edited 7:42am
Quoting stochman
You're more than welcome Dredd, this thread deserves all the praise that comes its way imho

Unfortunately I don't appear to be able to partake in the voting process just yet but you can be certain of a positive vote when I am

+78 today for me so far, and I'm sure that when I have a bit more experience of the system that things can only get better
Oh yea forgot your not a full memeber yet lol....Thats GREAT!!! about your trades, just take your time and dont over trade just because you lost a trade. Left the trades come to you and dont try and watch to many pairs at first.....
  • #1,683
  • Edited 9:34am Apr 11, 2011 7:36am | Edited 9:34am
My bad today.

Saw Oil, accidentally put the trade on Gold

Gold stopped out for -50.

Oil went on to make + 70.

Oh well, at least I saw the setup.

There was nigh on 100 pips on offer here.

I wont post Gold as this wasn't a set up (on any system that I am aware of), I clicked the wrong chart and didn't notice until too late.
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  • #1,684
  • Apr 11, 2011 8:49am Apr 11, 2011 8:49am
Thank for sharing your system, I am testing it
  • #1,685
  • Apr 11, 2011 10:06am Apr 11, 2011 10:06am
my trade breath again....thanks for great system
  • #1,686
  • Edited 10:46am Apr 11, 2011 10:43am | Edited 10:46am
Sold GU here, fingers crossed! It may be counter-trend, so not looking for much by way of pips. Will close scalp at 10 and see where run on takes me.

Scalp made 10, moved stop to break-even + 5 which got stopped out. Wasn't comfortable with letting this run for long, so +15 is good enough. Look at Mr Greedy here, only 15 pips! If I made that every day consistently ....
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  • #1,687
  • Apr 11, 2011 10:44am Apr 11, 2011 10:44am
Quoting HiArt
Sold GU here, fingers crossed! It may be counter-trend, so not looking for much by way of pips. Will close scalp at 10 and see where run on takes me.
Also doing this move.
  • #1,688
  • Apr 11, 2011 11:09am Apr 11, 2011 11:09am
good day so far

EU - no trade just bouncing inbetween R1 and daily PP

GU +34 on long -16 on short and short from 1.6400 TP is daily TP at 1.6366

GJ +77 on long and short from 138.84 TP is S1 at 1.38.15

Cheers

P
  • #1,689
  • Apr 11, 2011 12:16pm Apr 11, 2011 12:16pm
Quoting Paulus
good day so far

EU - no trade just bouncing inbetween R1 and daily PP

GU +34 on long -16 on short and short from 1.6400 TP is daily TP at 1.6366

GJ +77 on long and short from 138.84 TP is S1 at 1.38.15

Cheers

P
Closed GU +34 = +34-16+34
GJ +77 and still short currently +46

p
  • #1,690
  • Apr 11, 2011 12:31pm Apr 11, 2011 12:31pm
Quoting Paulus
Closed GU +34 = +34-16+34
GJ +77 and still short currently +46

p
GREAT JOB Paulus! Make them pips!!!
  • #1,691
  • Apr 11, 2011 1:22pm Apr 11, 2011 1:22pm
I also dunno why you put me on ignore, I don even think I posted something maybe I was jus being naughty?
Anyway OF COURSE I am still trading your system and of course for the first time ever my trading account is going up! Traders learn from Dreddings and don't jump around systems. Learn and own this system and you WILL be a profitable trader. See you all soon
  • #1,692
  • Apr 11, 2011 4:08pm Apr 11, 2011 4:08pm
Quoting Paulus
Closed GU +34 = +34-16+34
GJ +77 and still short currently +46

p

ok just closed GJ as off to bed + +60

Total today +34-16+34+46+60 = +158

A good day only 2 descions to make on each trade once in

do I close ie I have lost
Do I close ie I win

Nothing else to think about

I always go from Pivot to pivot for my TP's

I often walk away ..what i cant see I cant worry about
If Im not there I cant interfere

Its the easiest way of cutting out the human element ..

But be safe..set stops set Tp's risk only 5% and sleep at night

P
  • #1,693
  • Apr 11, 2011 6:07pm Apr 11, 2011 6:07pm
Hello Folks,

Haven't posted in a while due to being extremely busy at work... in fact... this is the only trade I have taken this month as I have been even too busy to trade. But I wanted to show that the profits are also there for those who don't have the time to intraday trade.

I took this trade on 3-31. Entered at 1.6080. Stop loss was 100 pips which was at the lowest low just like the trading rules state. Now, I opened two positions and closed one for profit at 1:1 or 100 pips. Closed the other on Friday for a 300 pip profit, which represents 1:3 ratio. Since my monthly goal is 400 pips minimum, I am 75% of the way there with just this one trade. Folks, this really does work, and works well on various timeframes. See pic below...
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  • #1,694
  • Apr 11, 2011 6:15pm Apr 11, 2011 6:15pm
Quoting prof8t
Hello Folks,

Haven't posted in a while due to being extremely busy at work... in fact... this is the only trade I have taken this month as I have been even too busy to trade. But I wanted to show that the profits are also there for those who don't have the time to intraday trade.

I took this trade on 3-31. Entered at 1.6080. Stop loss was 100 pips which was at the lowest low just like the trading rules state. Now, I opened two positions and closed one for profit at 1:1 or 100 pips. Closed the other on Friday for a 300 pip profit, which represents...
Great TRADE prof8t!!! Glad to still see you around and are sticking to the higher TFs so you can still trade while you slave away for the MAN! lol jk
  • #1,695
  • Apr 11, 2011 7:25pm Apr 11, 2011 7:25pm
2 setup on the making riight now eurjpy and gbpjpy 5m short
Respect and Honor !
  • #1,696
  • Apr 11, 2011 7:30pm Apr 11, 2011 7:30pm
Quoting Klaxon
2 setup on the making riight now eurjpy and gbpjpy 5m short
close eurjpy from pivot to pivot for 21 pips and gbpjpy 17 pips and still going to the next pivot 137,63
Respect and Honor !
  • #1,697
  • Apr 11, 2011 7:38pm Apr 11, 2011 7:38pm
Quoting Klaxon
close eurjpy from pivot to pivot for 21 pips and gbpjpy 17 pips and still going to the next pivot 137,63
so gbpjpy close 10 pips before next pivot for 25 pips, don t like the move
so 2 trade

eurjpy +21
gbpjpy +25
Respect and Honor !
  • #1,698
  • Apr 11, 2011 7:44pm Apr 11, 2011 7:44pm
Quoting Klaxon
so gbpjpy close 10 pips before next pivot for 25 pips, don t like the move
so 2 trade

eurjpy +21
gbpjpy +25

see pics, pivot to pivot in down trend for both pairs !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy 5m sell.gif Size: 22 KB
Click to Enlarge Name: gbpjpy 5m sell.gif Size: 23 KB
Respect and Honor !
  • #1,699
  • Edited 8:10pm Apr 11, 2011 7:47pm | Edited 8:10pm
here's a couple trades from today

seems like the Fib lines have greater weight than the midpivot lines


*looks like i exited USDCAD way early, it's hit the M4 line! another +13
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  • #1,700
  • Apr 11, 2011 11:33pm Apr 11, 2011 11:33pm
I just entered a Buy order on the 15 minute chart Usd/Jpy. 23 pips profit so far
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