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Price Action Trading with Indicators! The Freebie System

  • #1,921
  • Apr 20, 2011 1:34am Apr 20, 2011 1:34am
Quoting bluexpec
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.
Post 1938.......think he's back
  • #1,922
  • Apr 20, 2011 2:16am Apr 20, 2011 2:16am
Time of day was a bit sus--2 hrs before LO --but the hh's and hl's were evident on both the 5 min and 15 min charts. I know Paulus says to concentrate on 1 tf only but I 'm nervous if they dont agree with each other.
22 pips on a small live account so I'm happy.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-04-20_1658_gu_5min.png Size: 179 KB
We are all One. Be present. Be the Observer
  • #1,923
  • Apr 20, 2011 2:58am Apr 20, 2011 2:58am
nice catch!

short at the vertical line

early entry on the YEN, granted the "3" was on the previous candle at that moment, repainted but still good for +14 pips

have some shorts on EUR gonna hold over night see what happens
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  • #1,924
  • Apr 20, 2011 4:29am Apr 20, 2011 4:29am
Here's another on UC --same deal
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-04-20_1925uc_5_min.png Size: 184 KB
We are all One. Be present. Be the Observer
  • #1,925
  • Apr 20, 2011 11:12am Apr 20, 2011 11:12am
update on trades

EU +11% -5% short from 1.4515

GU +13% -5% +10% short from 1.6397

GJ -5%-5%+2.5% short from 135.32 may be last day on this swap my history shows bad results and will move to more user friendly swap


UC +18 -5% and short from 0.9523

Total return on account +29.5%

cheers

P
  • #1,926
  • Apr 20, 2011 11:16am Apr 20, 2011 11:16am


Quoting Paulus
update on trades

EU +11% -5% short from 1.4515

GU +13% -5% +10% short from 1.6397

GJ -5%-5%+2.5% short from 135.32 may be last day on this swap my history shows bad results and will move to more user friendly swap


UC +18 -5% and short from 0.9523

Total return on account +29.5%

cheers

P
  • #1,927
  • Apr 20, 2011 1:01pm Apr 20, 2011 1:01pm
Quoting Paulus
update on trades

EU +11% -5% short from 1.4515
GU +13% -5% +10% short from 1.6397
GJ -5%-5%+2.5% short from 135.32 may be last day on this swap my history shows bad results and will move to more user friendly swap
UC +18 -5% and short from 0.9523

Total return on account +29.5%

cheers

P
EU still short 5pips from TP at one point which means was up around 8% but its ralliied now but still looking ok..still making lower highs and lower lo's..the next lower lo should hit my TP if we carry on in the same vein

GU still short and up around 3% on the trade atm

GJ..the beast came good and close for 8%

UC closed for -5%


EU +11% -5% short from 1.4515
GU +13% -5% +10% short from 1.6397
GJ -5%-5%+2.5% +8%
UC +18 -5% -5%

Total return on account +32.5%

P
  • #1,928
  • Apr 20, 2011 1:16pm Apr 20, 2011 1:16pm
Paulus,

Another GREAT days trading...well done.

Would appreciate a chart (or 2...LOL) if you have time.

Thanks,

Freddi

Quoting Paulus
EU still short 5pips from TP at one point which means was up around 8% but its ralliied now but still looking ok..still making lower highs and lower lo's..the next lower lo should hit my TP if we carry on in the same vein

GU still short and up around 3% on the trade atm

GJ..the beast came good and close for 8%

UC closed for -5%


EU +11% -5% short from 1.4515
GU +13% -5% +10% short from 1.6397
GJ -5%-5%+2.5% +8%
UC +18 -5% -5%

Total return on account +32.5%

P
  • #1,929
  • Apr 20, 2011 1:27pm Apr 20, 2011 1:27pm
Quoting neuron
have some shorts on EUR gonna hold over night see what happens
oii that was not a good idea.


paulus youre sig quote is keeping me in the game LOL
  • #1,930
  • Apr 20, 2011 6:36pm Apr 20, 2011 6:36pm
+12 pips

GBPUSD

entry at lime, exit at teal

entry a little late but that previous candle spooked me
...also looks like there was some more gas in the tank (currently +5) but happy with what i snagged
Attached Image (click to enlarge)
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  • #1,931
  • Apr 20, 2011 8:29pm Apr 20, 2011 8:29pm
You guys are doing GREAT!!!!Sorry i have been so busy lately but i have to have free time to enjoy my life and not spend every min trying to help people.
Since i have not been able to post my intraday trades (havent took many these last few weeks) i figured i would just post a pic of my profit(925 pips and going UP UP UP) from my higher TF(H1-D1) trades i have took this week that i am still in....From the pic you can see the TREND is truely your FRIEND! and you also can see it works even on a higher TF......These are only 6 trades in 3 days and one HELL of a PROFIT!

Well i hope everyone that has been using this system keeps making MANY MANY PIPS! I also hope the newbies take the time to get used to it so they may soon let the pips FLOW in like so many others are!

Dredding82
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  • #1,932
  • Apr 20, 2011 8:59pm Apr 20, 2011 8:59pm
I have a question for ya. If the 4hr 1hr 30min and 15 minute Ha candles need to line to give us our up or down trend for 15 minute trades then does the Weekly Daily 4hr and 1hr Ha candles need to line up to give us our up or down trend for our 1hr trades. Using your MTf Ha indicator.
  • #1,933
  • Apr 20, 2011 9:04pm Apr 20, 2011 9:04pm
Quoting Checkz
I have a question for ya. If the 4hr 1hr 30min and 15 minute Ha candles need to line to give us our up or down trend for 15 minute trades then does the Weekly Daily 4hr and 1hr Ha candles need to line up to give us our up or down trend for our 1hr trades. Using your MTf Ha indicator.
I DONT KNOW! i dont use that indicator...i just threw it up here with a way someone could use it to try and help people that cant just look at a chart and see HIGHER HIGHS and LOW LOWS........thats all i use for TREND! lol. I just use the HA,ZZ Semafor,pivots and stoch to help confirm the best place to enter a trade where price will more then likely keep going up/down from where i got in so i can hop on and make profits.
  • #1,934
  • Apr 20, 2011 9:11pm Apr 20, 2011 9:11pm
Thanks
  • #1,935
  • Apr 20, 2011 11:53pm Apr 20, 2011 11:53pm
Seven new daily signals to analyze across seven different pairs today. All long signals. Took GBP/USD and EUR/USD long after riding the EURO down for a nice counter trend profit. Currently, both up about 50 pips each.
  • #1,936
  • Apr 21, 2011 12:26am Apr 21, 2011 12:26am
Beautiful EUR/USD spike just occured on the M15 for a quick 25 pips... Hope some of you caught it.
  • #1,937
  • Apr 21, 2011 12:54am Apr 21, 2011 12:54am
Folks, here's a prime example as to the importance of determining the trend on your current chart. USDCHF M15 making lower highs and lows, but the signal missed the fib pivot. But as Dredding said, you don't need the fib pivots to trade this sucessfully. So..... I took the trade based on price action and look where we are... another 25 pips.
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  • #1,938
  • Apr 21, 2011 2:55am Apr 21, 2011 2:55am
Quoting Paulus
Hi I see that chart as a higher high and a lower low which means no trend
.........
P
Hi Paulus, was wondering if there was any chance you could provide your template as I cant seem to get the set up matching when I do it manually on MT4 (if I have simply overlooked an earlier post where you attached then please feel free to ridicule me and hang me out to dry . I did look, honest).
I understand that it may not be ideal to post it here given all the material is already provided for the system so if you could PM me I'd appreciate it (I tried to PM you but was not allowed).

Thanks.

Tritan
  • #1,939
  • Edited 4:03am Apr 21, 2011 4:01am | Edited 4:03am
Quoting tritan
Hi Paulus, was wondering if there was any chance you could provide your template as I cant seem to get the set up matching when I do it manually on MT4 (if I have simply overlooked an earlier post where you attached then please feel free to ridicule me and hang me out to dry . I did look, honest).
I understand that it may not be ideal to post it here given all the material is already provided for the system so if you could PM me I'd appreciate it (I tried to PM you but was not allowed).

Thanks.

Tritan
Most likely because your local time etc need to set correctly in the indicator.
  • #1,940
  • Apr 21, 2011 4:38am Apr 21, 2011 4:38am
hi there

can someone please pleeeeeeeeeease expalin how to look for higher higher and lower highs on the charts with the samafor indicator....

many thanks

ps a chart example would be great
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