Price Action Trading with Indicators! The Freebie System | Page 89 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #1,761
  • Apr 13, 2011 1:12pm Apr 13, 2011 1:12pm
sure just had a failure

P
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  • #1,762
  • Apr 13, 2011 1:42pm Apr 13, 2011 1:42pm
Quoting rossobonks
Ok that will do me for +170 pips this morning. Thank you very much I am starting to like Oil again.

D
Hi rossobonks i just sent you a pm !
Respect and Honor !
  • #1,763
  • Apr 13, 2011 1:59pm Apr 13, 2011 1:59pm
Quoting Klaxon
Hi rossobonks i just sent you a pm !
Hi

I am in the UK so we have 2 options to trade here. Spread Betting or CFD`s. Spread betting = Tax Free, CFD`s = CGT.

I have both accounts and can trade Oil, Forex and Indicies on either platform. My Spread Betting Account is with City Index. CFD account with ODL and trade through MT4.

Unfortunatly I have never been successful enough to make substantial withdrawals from either account but hoping to in the future !!

D
  • #1,764
  • Apr 13, 2011 2:04pm Apr 13, 2011 2:04pm
I use Smart Live markets, spread betting that uses MT4.

I have IG and Capital Spreads accounts if I need them
  • #1,765
  • Apr 13, 2011 2:16pm Apr 13, 2011 2:16pm
Quoting rossobonks
Hi

I am in the UK so we have 2 options to trade here. Spread Betting or CFD`s. Spread betting = Tax Free, CFD`s = CGT.

I have both accounts and can trade Oil, Forex and Indicies on either platform. My Spread Betting Account is with City Index. CFD account with ODL and trade through MT4.

Unfortunatly I have never been successful enough to make substantial withdrawals from either account but hoping to in the future !!

D
Thanks you rossobonks for the quick reply

I will check if they offer the same service for Canadian !
Respect and Honor !
  • #1,766
  • Apr 13, 2011 2:36pm Apr 13, 2011 2:36pm
Quoting HiArt
I use Smart Live markets, spread betting that uses MT4.

I have IG and Capital Spreads accounts if I need them
Thanks you Sir for your input, but after verification they cannot open an account with Canadian !
Respect and Honor !
  • #1,767
  • Apr 13, 2011 2:42pm Apr 13, 2011 2:42pm
Quoting Paulus
sure just had a failure

P
Paulus,

Wasnt your buy failure against the main trend?
  • #1,768
  • Apr 13, 2011 3:44pm Apr 13, 2011 3:44pm
Thanks paulus - looks like your pivot levels are very different from mine.

Will start to demo trade from tomorrow
  • #1,769
  • Apr 13, 2011 4:13pm Apr 13, 2011 4:13pm
Quoting rossobonks
Ok that will do me for +170 pips this morning. Thank you very much I am starting to like Oil again.

D
Hey rossobonks, when i tried oil trading some years ago as i remember the open hour was 06:15 gmt to 18:15 gmt, is it still the same hour today ?

But i remember also the best liquidity was when US session open up till 18:15gmt, is it your favorite trading hours rossobonks ?
Respect and Honor !
  • #1,770
  • Apr 13, 2011 4:23pm Apr 13, 2011 4:23pm
Quoting stav01
Paulus,

Wasnt your buy failure against the main trend?
Yes I dont use with or against the trend but take all valid signals..have done since I started posting and its good to keepa record gives you an idea of if its actually worth looking at the longer term trend in this case



Cheers

P
  • #1,771
  • Apr 13, 2011 4:24pm Apr 13, 2011 4:24pm
Quoting puntalara
Thanks paulus - looks like your pivot levels are very different from mine.

Will start to demo trade from tomorrow
the pivot are Camarilla pivots widely used esp in Forex

P
  • #1,772
  • Apr 13, 2011 4:28pm Apr 13, 2011 4:28pm
Quoting Paulus
ok tough ish day today

EU -18+64 and long from 1.4452
GU -28 and short from 1.6281
GJ -28 -14
UC -9+47 and short from 0.9634

This on completed trades looks bad but is actually a loss of 25% on the account with a plus of 42% resulting in a 17% gain

Only risk 5% and try to get more than 2:1 risk reward

will update open trades if and when

P
EU long closed for -16
GU short closed for +18
Another short on Gj for +8
UC short closed for +10

Up around 20% on the account today which is good considering losers

Im a mechanical trading rules based..trading with the trend is good its very good but you needa mechanical way of looking at it

cheers

P
  • #1,773
  • Apr 13, 2011 6:33pm Apr 13, 2011 6:33pm
Im using FIBs which I think came with FIB indy on the orig template, curoius why u use cams instead?

Cheers

ST

Quoting Paulus
the pivot are Camarilla pivots widely used esp in Forex

P
" Dont wait for your boat to come in ..... swim out and meet it"
  • #1,774
  • Apr 13, 2011 11:40pm Apr 13, 2011 11:40pm
nice eu trade haven't close it yet..
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  • #1,775
  • Apr 13, 2011 11:50pm Apr 13, 2011 11:50pm
closed both...EU+50+50
  • #1,776
  • Apr 14, 2011 1:10am Apr 14, 2011 1:10am
sell EU..with 10pips stoploss...
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  • #1,777
  • Apr 14, 2011 1:32am Apr 14, 2011 1:32am
stopped out both at -10 no harm done since i only risk 1%

eu=80pips profit
  • #1,778
  • Apr 14, 2011 1:38am Apr 14, 2011 1:38am
Quoting pivotman
stopped out both at -10 no harm done since i only risk 1%

eu=80pips profit
No signal on a 15m chart. I think there a more false signals on the 5m chart.

D
  • #1,779
  • Apr 14, 2011 1:48am Apr 14, 2011 1:48am
Taken this UJ trade, but I am guilty of over-thinking syndrome perhaps.

 

  1. Failure at pivot M2
  2. red histo
  3. 4 red lights on the 4MTF stochs
  4. the semaphore, while not a yellow 3, was just within the 3 candle range.

So a valid sell but here comes the over-thinking part:

 

  1. Before London Open (trade taken at 07:03)
  2. price very close to Fib S2, and you can see previous recent support at this point (2 red bars to the immediate right of the large red bar with a yellow 3 on it)
  3. 15m stoch is around the 20 mark, which suggest price is close to being oversold already.

As I said, have opened this. I am using a 20 pip stop (just above M2) so we'll see what happens!

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  • #1,780
  • Apr 14, 2011 2:42am Apr 14, 2011 2:42am
currently long £$

1.6347

Above H5 so TP is next resistance up R3 at 1.6374

P
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