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Price Action Trading with Indicators! The Freebie System

  • #1,861
  • Apr 18, 2011 8:45am Apr 18, 2011 8:45am
Quoting esj_joo
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.

I believe this was the news

http://www.marketwatch.com/story/sp-cuts-us-ratings-outlook-to-negative-2011-04-18-910460?siteid=bnbh

P
  • #1,862
  • Apr 18, 2011 8:52am Apr 18, 2011 8:52am
Quoting Paulus
I believe this was the news

http://www.marketwatch.com/story/sp-cuts-us-ratings-outlook-to-negative-2011-04-18-910460?siteid=bnbh

P
ok, thks god lucky it's not natural disaster.
  • #1,863
  • Apr 18, 2011 9:34am Apr 18, 2011 9:34am
Quoting Paulus
£yen

Sl 134.86
tp 134.43

p
closed at TP for +3%

P
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  • #1,864
  • Apr 18, 2011 9:37am Apr 18, 2011 9:37am
Quoting 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
EU +5% +2% short 1.4261
GU +4%-5%+6%+5%
GJ +6% +10%+3%
UC -5% -5%

Total so far today +26% on account

P
  • #1,865
  • Apr 18, 2011 10:23am Apr 18, 2011 10:23am
Quoting Paulus
EU +5% +2% short 1.4261
GU +4%-5%+6%+5%
GJ +6% +10%+3%
UC -5% -5%

Total so far today +26% on account

P
Eu was a nice trade 15% have inc screen shot we are below the L3 Cam pivot so useing S4 as TP

Notice lower hion brown dots lower low on brown dots



EU +5% +2% +15%
GU +4%-5%+6%+5%
GJ +6% +10%+3%
UC -5% -5%

Total so far today +41% on account

P
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  • #1,866
  • Apr 18, 2011 11:25am Apr 18, 2011 11:25am
Awesome trading Paulus. Well done. Keep it going as enjoy reading your posts and viewing your screenshots. All helps in the learning

Quoting Paulus
Eu was a nice trade 15% have inc screen shot we are below the L3 Cam pivot so useing S4 as TP

Notice lower hion brown dots lower low on brown dots



EU +5% +2% +15%
GU +4%-5%+6%+5%
GJ +6% +10%+3%
UC -5% -5%

Total so far today +41% on account

P
  • #1,867
  • Apr 18, 2011 11:49am Apr 18, 2011 11:49am
long

EU 1.4217
GJ 1.3383

Short

UC 0.9680

P
  • #1,868
  • Apr 18, 2011 12:30pm Apr 18, 2011 12:30pm
Big impact on volatility when London closes

Risking 15% of account over 3 trades but an acceptable loss if they all fail

P
  • #1,869
  • Apr 18, 2011 1:00pm Apr 18, 2011 1:00pm
Quoting Paulus
long

EU 1.4217
GJ 1.3383

Short

UC 0.9680

P
Close UC +5%
Also long GU 1.6245

P
  • #1,870
  • Apr 18, 2011 1:02pm Apr 18, 2011 1:02pm
Open positions

long GU 1.6245
EU 1.4217
GJ 1.3383

EU +5% +2% +15%
GU +4%-5%+6%+5%
GJ +6% +10%+3%
UC -5% -5%+5%

Total so far today +46% on account
  • #1,871
  • Edited 1:37pm Apr 18, 2011 1:26pm | Edited 1:37pm
Quoting Paulus
Open positions

long GU 1.6245
EU 1.4217
GJ 1.3383

EU +5% +2% +15%
GU +4%-5%+6%+5%
GJ +6% +10%+3%
UC -5% -5%+5%

Total so far today +46% on account
nice trading +46% is fantastic!

im currently short:
EU @ 1.42661
GU @ 1.62388


props again to Dred82 for shedding light on such a great system!
  • #1,872
  • Apr 18, 2011 1:55pm Apr 18, 2011 1:55pm
Quoting neuron
nice trading +46% is fantastic!

im currently short:
EU @ 1.42661
GU @ 1.62388


props again to Dred82 for shedding light on such a great system!
Good luck.. you pull the trigger thats all we can do

yes thanks Dred nice 1
  • #1,873
  • Apr 18, 2011 3:09pm Apr 18, 2011 3:09pm
lol i opted out on an early exit for EU (+10ish now -10ish) still holding both, gonna test my pain threshold but i think i can save this one
  • #1,874
  • Apr 18, 2011 4:00pm Apr 18, 2011 4:00pm
Quoting Paulus
closed at TP for +3%

P
My Pivots from the camarilla seemed to be bunched up on Mondays, could anyone help me with this?

Thanks,
  • #1,875
  • Apr 18, 2011 4:08pm Apr 18, 2011 4:08pm
Quoting Paulus


Open positions

long GU 1.6245
EU 1.4217
GJ 1.3383

EU +5% +2% +15%
GU +4%-5%+6%+5%
GJ +6% +10%+3%
UC -5% -5%+5%

Total so far today +46% on account
Closed GU +6%
Closed Eu +5%
Closed GJ +16%

EU +5% +2% +15%+5%
GU +4%-5%+6%+5%+6%
GJ +6% +10%+3%+16%
UC -5% -5%+5%

Total today +73% on account
  • #1,876
  • Apr 18, 2011 4:09pm Apr 18, 2011 4:09pm
Quoting helder
My Pivots from the camarilla seemed to be bunched up on Mondays, could anyone help me with this?

Thanks,

Mine are set to 0.0 for GMtshift Sun

And -2 as my actual clock (PC time) is 2 hours behind my broker (chart time)

P
  • #1,877
  • Apr 18, 2011 4:14pm Apr 18, 2011 4:14pm
Thanks Paulus, I just tried that and it didnt do anything. Im in EST. not sure if that would matter.
  • #1,878
  • Apr 18, 2011 5:14pm Apr 18, 2011 5:14pm
Paulus,

Well done ...absolutely fantastic trading.

Please, please, please keep posting your results. You are an inspiration to a lot of us. If possible, please post charts showing trade entry (as per todays EU) as this really helps.

Thanks,

Freddi

Quoting Paulus
Closed GU +6%
Closed Eu +5%
Closed GJ +16%

EU +5% +2% +15%+5%
GU +4%-5%+6%+5%+6%
GJ +6% +10%+3%+16%
UC -5% -5%+5%

Total today +73% on account
  • #1,879
  • Apr 18, 2011 6:35pm Apr 18, 2011 6:35pm
Quoting freddi
Paulus,

Well done ...absolutely fantastic trading.

Please, please, please keep posting your results. You are an inspiration to a lot of us. If possible, please post charts showing trade entry (as per todays EU) as this really helps.

Thanks,

Freddi
I agree! It really helps to see what that kind of success looks like!
  • #1,880
  • Apr 19, 2011 1:15am Apr 19, 2011 1:15am
I can try very busy at home today and had some trouble getting onto FF yest dont know if it was my browser or them but my pass word kept getting rejected

Here is the GJ trade for 16%

We had a down bias on the 5 min
at 3 we formed a low
Then a high at the brown dot
For the down trend to continue we needed to make a lower low than 3
We didnt I got a higher low
A brown dot which is a small wave zig zag
we were on a pivot for support
HA went white

TP is always the next pivot

SL was 1 pip below the brown dot 1 candle before my entry arrow which amounted to around 17 pips in total from this using 5% of account I calculate my lot size

TP was next pivot which in this case was 57 pips away

57 pips divided by 17 pips = 3.3:1 risk reward

3.3 x 5% risk = 16.5% gain on account

Cheers

paulus
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