Price Action Trading with Indicators! The Freebie System | Page 93 | Forex Factory

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Freebie 1 min trading method 1,227 replies

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Price Action Trading with Indicators! The Freebie System

  • #1,841
  • Apr 18, 2011 4:16am Apr 18, 2011 4:16am
Does anyone know what the filter setting on the Freebie Histo Signal indicator actually filters? I haven't been able to figure that out... Thanks!
  • #1,842
  • Apr 18, 2011 5:16am Apr 18, 2011 5:16am
I'm posting this here as opposed to sending a PM as it may answer the same question for others also and save you getting a whole raft of PMs about the same thing.

In the rules you say:-

1) ZZ Semafor On BOTTOM(Within 1-3 Candles)

I don't want to sound pedantic as I love your system, and I HAVE read the FULL thread, but can you please confirm whether the count (1 - 3) INCLUDES the candle that the semafor has formed at, or do you begin the count on the very next candle? Obviously, if trading off M15, this can make 15 minutes difference for your entry which could quite easily be the difference between a winning or losing trade.

PS for Brapp:- I have removed the Histo indicator window as it didn't appear to be giving a true reflection of what was happening, for example I was getting sell indicators whilst at the same time having green candles in the stoch window, sorry if this doesn't help
  • #1,843
  • Apr 18, 2011 6:17am Apr 18, 2011 6:17am
Quoting Paulus
Ok will post here

Hope Dred dont mind but ji have my email and pvt off as get alot coming through that I cant deal with

the Camerilla has loads in it

I will list what I have selected for my charts

Alerts - false
GMT shift sun 0
GMT shift 1 ( depends on your broker time)
Pivot true
Cam TP true
List Cam TP false
PV colour yellow
Pips dist 20
Fibs false
Display fib level 123 false
Display fib level 456 false
Display fib level 7-16 false
Standard pvts true
List pivots true
Mid pvts false

Cheers

P
can explain about lb shrt,breakout in camarila pivot
  • #1,844
  • Apr 18, 2011 6:32am Apr 18, 2011 6:32am
Quoting Paulus
GU short 1.6262
UC short 0.9610
EU still short from 1.4325
GU +4%-5%+6%
GJ +6% short from 1.3478
UC -5%

Total so far today +6% on account

P
  • #1,845
  • Apr 18, 2011 6:52am Apr 18, 2011 6:52am
Thanks for the replies on my first trade. Ended in loss but good for learning..
  • #1,846
  • Apr 18, 2011 7:47am Apr 18, 2011 7:47am
Its a difficult day atm..no trend to speak of price rally and retracements
are of equal strength

You can reduce your exposure on days like this down to 3% or 1% so at least you still trade..although of course it could change you get a nice signal giving 3;1 risk reward and all you gain is 3% not the 15%


P
  • #1,847
  • Apr 18, 2011 7:48am Apr 18, 2011 7:48am
Just entered this as my 1st trade using this system.
Do correct me if I miss out some points or any that I should take note.
Thanks in advance

Attached Image
  • #1,848
  • Apr 18, 2011 7:54am Apr 18, 2011 7:54am
Quoting Paulus

EU still short from 1.4325
GU +4%-5%+6%
GJ +6% short from 1.3478
UC -5%

Total so far today +6% on account

P
EU +5% and just short 1.4273
GU +4%-5%+6%+5%
GJ +6% short from 1.3478
UC -5% long from 0.9643

Total so far today +16% on account

Cheers

Paulus
  • #1,849
  • Apr 18, 2011 8:01am Apr 18, 2011 8:01am
Quoting esj_joo
Just entered this as my 1st trade using this system.
Do correct me if I miss out some points or any that I should take note.
Thanks in advance

Attachment
got knock out. will keep on learning...
  • #1,850
  • Apr 18, 2011 8:02am Apr 18, 2011 8:02am
Quoting esj_joo
Just entered this as my 1st trade using this system.
Do correct me if I miss out some points or any that I should take note.
Thanks in advance

Attachment
Hi

That trade may work but it is against the current 5 min trend

I would of taken the short if I had the chart up mainly because we have a series of lower hi and lower lo using the small brown circles that denote smaller ZZ waves

If we then look at the plum circles which is a larger ZZ wave we still have a lower lo

Tp is 1pip above the last brown circle just behind the entry and the TP is next pivot down giving a risk reward of around 2.2:1 which mean you risk 5% of account eg $100 and get 11% or $220

Hope it helps and its only my view on how I trade this set up

cheers

paulus
Attached Image (click to enlarge)
Click to Enlarge Name: d6.gif Size: 29 KB
  • #1,851
  • Apr 18, 2011 8:10am Apr 18, 2011 8:10am
Quoting Paulus

EU +5% and just short 1.4273
GU +4%-5%+6%+5%
GJ +6% short from 1.3478
UC -5% long from 0.9643

Total so far today +16% on account

Cheers

Paulus
EU +5% +2%
GU +4%-5%+6%+5%
GJ +6% +10%
UC -5% still long from 0.9643

Total so far today +28% on account

Cheers

Paulus
  • #1,852
  • Apr 18, 2011 8:13am Apr 18, 2011 8:13am
Quoting Paulus
EU +5% +2%
GU +4%-5%+6%+5%
GJ +6% +10%
UC -5% still long from 0.9643

Total so far today +28% on account

Cheers

Paulus
EU +5% +2%
GU +4%-5%+6%+5%
GJ +6% +10%
UC -5% -5%

Total so far today +23% on account

Looks like news destroyed any sort of trend or bias we had so will need to sit and watch

Cheers

Paulus
  • #1,853
  • Apr 18, 2011 8:30am Apr 18, 2011 8:30am
I will be taking a £yen short if my HA stays red in a coupel mins its the only swap i followed not effected by the news gains

RR is not good at below 1;1 because tp is always next pivot down

But will risk 5% as up on the day

P
  • #1,854
  • Apr 18, 2011 8:31am Apr 18, 2011 8:31am
Now short £yen 1.3457

P
  • #1,855
  • Apr 18, 2011 8:32am Apr 18, 2011 8:32am
Quoting Paulus
Hi

That trade may work but it is against the current 5 min trend

I would of taken the short if I had the chart up mainly because we have a series of lower hi and lower lo using the small brown circles that denote smaller ZZ waves

If we then look at the plum circles which is a larger ZZ wave we still have a lower lo

Tp is 1pip above the last brown circle just behind the entry and the TP is next pivot down giving a risk reward of around 2.2:1 which mean you risk 5% of account eg $100 and get 11% or $220

Hope it helps and its only my view on how...
lesson learned. thks for your input and it's valuable to me.
  • #1,856
  • Apr 18, 2011 8:35am Apr 18, 2011 8:35am
Quoting esj_joo
lesson learned. thks for your input and it's valuable to me.
Just my interpretation unfortunately the aud trade was broken by news,and today is difficulty as trends do not visually jump out at you

Cheers

P
  • #1,857
  • Apr 18, 2011 8:36am Apr 18, 2011 8:36am
Hi Paulus,

Where is your SL/TP?

Thanks,

Freddi

Quoting Paulus
Now short £yen 1.3457

P
  • #1,858
  • Apr 18, 2011 8:41am Apr 18, 2011 8:41am
£yen trade as I see it

Bias down as per plum / brown and yellow circle lower lo lower hi

may fail non of us know but the odds are hopefully in my favour

red ha
short off of pivot
small and large ZZ wave behind me

I have stacked the odds and have an edge

This can still fail but with 5% risked pressure is off and trading can be relaxed

P
  • #1,859
  • Apr 18, 2011 8:42am Apr 18, 2011 8:42am
Quoting Paulus
Just my interpretation unfortunately the aud trade was broken by news,and today is difficulty as trends do not visually jump out at you

Cheers

P
it seems quite some pairs got affected by news as well just not sure what's the news is.

anyhow your interpretation do make sense.
  • #1,860
  • Apr 18, 2011 8:42am Apr 18, 2011 8:42am
£yen

Sl 134.86
tp 134.43

p
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