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Price Action Trading with Indicators! The Freebie System

  • #1,881
  • Apr 19, 2011 3:07am Apr 19, 2011 3:07am
Quoting helder
My Pivots from the camarilla seemed to be bunched up on Mondays, could anyone help me with this?

Thanks,
If your broker has sunday candles it can upset the indi. I have mine set to unshift 0 and gmt +2 and it seems to fix the problem
  • #1,882
  • Apr 19, 2011 4:34am Apr 19, 2011 4:34am
Hi Sorry to ask, but I really like one of my indicators, it's has an option for an alert alarm, but it's not working. Can anyone point me to someone that can help me fix this, because I don't know anything about coding.

Thanks.
  • #1,883
  • Apr 19, 2011 6:30am Apr 19, 2011 6:30am
Quoting bluexpec
Hi Sorry to ask, but I really like one of my indicators, it's has an option for an alert alarm, but it's not working. Can anyone point me to someone that can help me fix this, because I don't know anything about coding.

Thanks.
Just open your indie and set the alarm to true
  • #1,884
  • Apr 19, 2011 6:31am Apr 19, 2011 6:31am
Quoting bluexpec
Hi Sorry to ask, but I really like one of my indicators, it's has an option for an alert alarm, but it's not working. Can anyone point me to someone that can help me fix this, because I don't know anything about coding.

Thanks.
Just open your indie and set the alarm/alert to true
  • #1,885
  • Apr 19, 2011 6:35am Apr 19, 2011 6:35am
Could you please tell me, as you're trading off M5, whether your stoch is at the recommended settings for M15, in other words do you have it set at 10,3,3 or something more suitable for M5?

Great trading btw
  • #1,886
  • Apr 19, 2011 7:38am Apr 19, 2011 7:38am
Quoting stochman
Just open your indie and set the alarm/alert to true
The alarm is set, but still no sound alert, the sound alert has to be changed in the code. Can you help me, then I can PM you with the indie? Don't want to keep the thread up with my problem.
  • #1,887
  • Apr 19, 2011 8:32am Apr 19, 2011 8:32am
Quoting stochman
Could you please tell me, as you're trading off M5, whether your stoch is at the recommended settings for M15, in other words do you have it set at 10,3,3 or something more suitable for M5?

Great trading btw
I do not use the stoch at all on my charts sorry

P
  • #1,888
  • Apr 19, 2011 8:41am Apr 19, 2011 8:41am
Update today

EU +10% and short from 1.4292
GU +15% and short from 1.6286
GJ -5%
UC +11% +5% and short from 0.9561

Return on account so far 36%

have inc shot of 15% and of my current short as you can see the current trade was up by around 7% but left open as its TP wasnt hit ...TP is yellow pivot.

Long was taken because of a series oh higher high HH and Higher lows HL
Short was taken due to lower high LH

If you close early you will soon be risking 5% to get 1% not a good way to trade

Red vertical line is my 8am UK start time

Cheers

Paulus
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  • #1,889
  • Apr 19, 2011 8:48am Apr 19, 2011 8:48am
this is my work space

Currently left to right


EU short and waiting to hit yellow pivot
GU short and waiting to hit yellow pivot
GJ going short any second due to lower high failed at pivot brown dot and now red HA
UC short waiting to hit next pivot down
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  • #1,890
  • Apr 19, 2011 8:51am Apr 19, 2011 8:51am
now short GJ 134.20

P
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  • #1,891
  • Apr 19, 2011 8:51am Apr 19, 2011 8:51am
Been reading your posts Paulus...nice work.. gonna use your 5 minute time frame strategy and see how I go since I haven't tried this on such a low time frame yet. Keep posting please
nollej is power..
  • #1,892
  • Apr 19, 2011 8:59am Apr 19, 2011 8:59am
hi nothing is certain

But by stacking the odds in our favour we get an edge

all 4 of these positions could close at a loss

Its out of my hands but the account will still be up if they do

P
  • #1,893
  • Apr 19, 2011 9:57am Apr 19, 2011 9:57am
Quoting Paulus
hi nothing is certain

But by stacking the odds in our favour we get an edge

all 4 of these positions could close at a loss

Its out of my hands but the account will still be up if they do

P
Paulus,
Am I correct that you just use the semafor for trend, pivot lines as support/resistance, and HA color change as trigger? Very simple! How do you decide to trade counter trend?
  • #1,894
  • Apr 19, 2011 10:25am Apr 19, 2011 10:25am
I dont trade counter trend I always try to identify as you have decsribed above the current 5min trend

P
  • #1,895
  • Apr 19, 2011 10:30am Apr 19, 2011 10:30am
Quoting Paulus
Update today

EU +10% and short from 1.4292
GU +15% and short from 1.6286
GJ -5%
UC +11% +5% and short from 0.9561

Return on account so far 36%

Paulus
ok that was tough but risk was built in and missed oput on 13% gain by just a couple pips

EU +10% -5%
GU +15% -5%
GJ -5% -5%
UC +11% +5% +5%

Return on account so far 26%
  • #1,896
  • Apr 19, 2011 12:35pm Apr 19, 2011 12:35pm
Fantastic trading paulus - i just do not seem to be able to get to grips with it + it slows my pc down to a crawl when i open the templates.

Into a buy and have my fingers crossed as my other two trades for today hit SL
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  • #1,897
  • Apr 19, 2011 12:49pm Apr 19, 2011 12:49pm
im new to this so maybe this is obvious to others but i've noticed placing SL at the fibpivot/mid points is just asking to get hunted, usually give myself a little breathing room to survive the sweep
  • #1,898
  • Apr 19, 2011 12:52pm Apr 19, 2011 12:52pm
my pivots look different but Im also long on 3

EU long from 1.4313
GU long from 1.6308
GJ long from 134.42

cheers

P
  • #1,899
  • Apr 19, 2011 12:53pm Apr 19, 2011 12:53pm
Quoting neuron
im new to this so maybe this is obvious to others but i've noticed placing SL at the fibpivot/mid points is just asking to get hunted, usually give myself a little breathing room to survive the sweep
Hasnt effected me I must admit .. not sure it happens unless they see 500 contracts sitting there..but I honestly dont know

P
  • #1,900
  • Apr 19, 2011 1:00pm Apr 19, 2011 1:00pm
Quoting Paulus
Hasnt effected me I must admit .. not sure it happens unless they see 500 contracts sitting there..but I honestly dont know

P
could be i just feel like im hunted when i get stopped out



+24% for the day... but that could change real quick, doing some serious damage control as i'm short USD/CHF (certainly a newbie mistake, not sure if i see all rules met in retrospect)

hoping for a bounce off R2
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