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Price Action Trading with Indicators! The Freebie System

  • #1,901
  • Apr 19, 2011 1:13pm Apr 19, 2011 1:13pm
well 24% isnt newbi thats for sure

Are you risking 5% per trade ?

What time did u take your short ( uk time if poss )

P
  • #1,902
  • Apr 19, 2011 1:16pm Apr 19, 2011 1:16pm
Quoting Paulus
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
Im up 25% on these 3 at mo 10% 10% and 5% but way short of next pivot

Time to sit on hands or suck thumb !..hmmm may paint my door and watch it dry

P
  • #1,903
  • Apr 19, 2011 1:48pm Apr 19, 2011 1:48pm
Quoting Paulus
well 24% isnt newbi thats for sure

Are you risking 5% per trade ?

What time did u take your short ( uk time if poss )

P
usually i do but news releases and my morning sprint made me greedy and i didn't adhere to my MM (stupid, yes. lesson definitely learned)

entered short at 16:05 GMT, was making profit but thought i could hold till new lower 3 semafor painted (when i entered, previous candle had upper 3)
  • #1,904
  • Apr 19, 2011 3:38pm Apr 19, 2011 3:38pm
Quoting Paulus
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
I use the same pivot indicator as you on alpari UK - what are your setting please paulus as i would love to match up. Still alive at +2
  • #1,905
  • Apr 19, 2011 3:43pm Apr 19, 2011 3:43pm
Quoting 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%
ok off to bed so closing out all live trades..GJ hit TP

EU long from 1.4313 closed +6%
GU long from 1.6308 closed 5%
GJ long from 134.42 closed 12%

EU +10% -5%+6%
GU +15% -5%+5%
GJ -5% -5%+12%
UC +11% +5% +5%

return on account +49%

P
  • #1,906
  • Apr 19, 2011 3:47pm Apr 19, 2011 3:47pm
GJ trade for 12%

P
Attached Image (click to enlarge)
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  • #1,907
  • Apr 19, 2011 3:49pm Apr 19, 2011 3:49pm
Quoting puntalara
I use the same pivot indicator as you on alpari UK - what are your setting please paulus as i would love to match up. Still alive at +2

Im using FXDD malta and live in the UK

My UK settings are

Sun 0.00
GMT shift -2

Cheers

P
  • #1,908
  • Apr 19, 2011 3:53pm Apr 19, 2011 3:53pm
Quoting neuron
usually i do but news releases and my morning sprint made me greedy and i didn't adhere to my MM (stupid, yes. lesson definitely learned)

entered short at 16:05 GMT, was making profit but thought i could hold till new lower 3 semafor painted (when i entered, previous candle had upper 3)

Hi I see that chart as a higher high and a lower low which means no trend

if the 2nd 3 had made a lower high then we have the making of a down bias and the short would of been valid

Red line is your entry short

cheers

P
Attached Image (click to enlarge)
Click to Enlarge Name: d14.gif Size: 29 KB
  • #1,909
  • Apr 19, 2011 5:16pm Apr 19, 2011 5:16pm
Thanks for posting Paulus.

Your charts are really helping me understand and learn.
  • #1,910
  • Apr 19, 2011 6:03pm Apr 19, 2011 6:03pm
thanks for the pointer! learned a new way to read semafors
  • #1,911
  • Apr 19, 2011 6:16pm Apr 19, 2011 6:16pm
has paulus posted his trading rules he follows I cant seem to find them?

thanks
  • #1,912
  • Apr 19, 2011 6:52pm Apr 19, 2011 6:52pm
i believe we all basically follow the rules outlined in the first post
  • #1,913
  • Apr 19, 2011 7:04pm Apr 19, 2011 7:04pm
Quoting neuron
i believe we all basically follow the rules outlined in the first post
ok thanks guess its just a lower tf
  • #1,914
  • Edited 8:51pm Apr 19, 2011 8:37pm | Edited 8:51pm
Quoting neuron
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
whew that was quite the test of my pain threshold!

entered short ~16:00 (somewhere near that "1" semafor right of the green arrow on the midline, exited @ semafor
Attached Image (click to enlarge)
Click to Enlarge Name: aus.gif Size: 28 KB
  • #1,915
  • Apr 19, 2011 9:37pm Apr 19, 2011 9:37pm
Quoting neuron
whew that was quite the test of my pain threshold!

entered short ~16:00 (somewhere near that "1" semafor right of the green arrow on the midline, exited @ semafor
hi Neuron,

can you post here the heiken ashi alert indi which you loaded in seperate window. Thanks.
Intraday only.
  • #1,916
  • Apr 19, 2011 9:41pm Apr 19, 2011 9:41pm
Quoting navk
hi Neuron,

can you post here the heiken ashi alert indi which you loaded in seperate window. Thanks.
it's part of the "freebie_newbie_pa" template, I load it from the template menu not the indicator menu

also available in the first post (but same thing attached here)


note: if you have large euro price and/or a candle time object that doesn't change, just delete it from the chart>objects>objects list menu
Attached File(s)
File Type: tpl freebie newbie pa.tpl   12 KB | 502 downloads
  • #1,917
  • Apr 19, 2011 9:43pm Apr 19, 2011 9:43pm
Quoting navk
hi Neuron,

can you post here the heiken ashi alert indi which you loaded in seperate window. Thanks.

YOUR ON IGNORE! What did i say about ASKING FOR INDICATORS!...#1 POST! READ MOFOS READ!
  • #1,918
  • Apr 19, 2011 10:23pm Apr 19, 2011 10:23pm
Ok tried a trade long on eu tonight. Looks like the only thing is price didnt hit the r1 fibb ended up 2:1 rr profit at r2...
Attached Image (click to enlarge)
Click to Enlarge Name: eu long asia.gif Size: 21 KB
  • #1,919
  • Apr 19, 2011 10:30pm Apr 19, 2011 10:30pm
I PM's Dredding for indicators not sure if PM's are going through. Read somewhere back that he wasn't getting them...
  • #1,920
  • Apr 20, 2011 1:30am Apr 20, 2011 1:30am
Quoting brettM
I PM's Dredding for indicators not sure if PM's are going through. Read somewhere back that he wasn't getting them...
Hi, I think Dredding said a couple of pages back that he will be taking off for 2 weeks. So maybe wait for him to get back.
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