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Price Action Trading with Indicators! The Freebie System

  • #1,941
  • Apr 21, 2011 4:48am Apr 21, 2011 4:48am
Quoting hope&glory
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
Hi Hope, these links should help explain:

http://www.forexfactory.com/showpost.php?p=4554336&postcount=1901
http://www.forexfactory.com/showpost.php?p=4552310&postcount=1879

T
  • #1,942
  • Edited 6:47pm Apr 21, 2011 5:57am | Edited 6:47pm
Just waking up so i thought i would show how much MORE profit(1372 PIPS!!!) i have now on just my 6 higher TF trades.....Hope you guys will try it on a higher TF also...might be alot easier for you.
Attached Image (click to enlarge)
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  • #1,943
  • Apr 21, 2011 6:40am Apr 21, 2011 6:40am
First time poster (be gentle with me)but have been following the thread from the start. Many thanks to Dredding for sharing his ideas.. ( and Paulus who I have been following with interest). I took a while to get going but have been profitable for 2 months now which I haven't been before, whether this is luck or good trading on my part is still to be determined

I've shifted down timeframes from Dreddings original idea to the 5min (I guess I'm impatient) but it seems to suit my style and I'm only risking 2% per trade unlike Paulus.

My biggest problem is jumping out when I'm in profit rather than letting it run to the next pivot or beyond. At times I've jumped out with 2% profit only to see it run to where I could have been 2-3 times that amount but I'm not complaining I just need to manage my emotions when in profit.

I've attached three trades from this morning which netted me about 9% and if anybody wants to critique I would be more than happy.

Anyhow, keep up the good work all and once I'm confident enough on the 5min I think I will take Dreddings advice and look at some of the longer timeframes.

Cheers,
Balrog.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf1.JPG Size: 138 KB
Click to Enlarge Name: eurusd1.JPG Size: 149 KB
  • #1,944
  • Apr 21, 2011 9:41am Apr 21, 2011 9:41am
Quoting balrog
Cheers,
Balrog.
very interesting have you entered a new signal with the trend?:nerd:
  • #1,945
  • Apr 21, 2011 10:27am Apr 21, 2011 10:27am
Quoting Teresh
very interesting have you entered a new signal with the trend?:nerd:
Not sure I understand you fully Teresh Do you mean the arrows in the screenshots?
  • #1,946
  • Apr 21, 2011 11:10am Apr 21, 2011 11:10am
Quoting balrog
Not sure I understand you fully Teresh Do you mean the arrows in the screenshots?
no not the arrow. on screenshots all the conditions for entry such as performed ...
  • #1,947
  • Apr 21, 2011 11:37am Apr 21, 2011 11:37am
Quoting Teresh
no not the arrow. on screenshots all the conditions for entry such as performed ...
I only entered with the prevailing trend, HHs, HLs, heiken-ashi and stochs confirmed plus a bit of breathing room to the next pivot. Doesn't work always (what does). Last couple of days have been good as trend was easily spotted.
  • #1,948
  • Apr 21, 2011 11:39am Apr 21, 2011 11:39am
update

EU - no signals at all
GU +20% -5% short from 1.6561
GJ +6% +3% short from 135.49
UC +5%

Return on account 24%


Piccy of GJ trades

a series of HH LL which gives trends using Semaphor

cheers

P
Attached Image (click to enlarge)
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  • #1,949
  • Apr 21, 2011 12:40pm Apr 21, 2011 12:40pm
Quoting Paulus
update

EU - no signals at all
GU +20% -5% short from 1.6561
GJ +6% +3% short from 135.49
UC +5%

Return on account 24%

EU -5
GU +20% -5% +7%
GJ +6% +3% +10%
UC +5% long from 0.9526

Return on account 41%
  • #1,950
  • Apr 21, 2011 1:08pm Apr 21, 2011 1:08pm
Quoting Paulus
EU -5


Return on account 41%
what % of the deposit entry?
  • #1,951
  • Apr 21, 2011 1:11pm Apr 21, 2011 1:11pm
Quoting Paulus
EU -5
GU +20% -5% +7%
GJ +6% +3% +10%
UC +5% long from 0.9526

Return on account 41%

Short EU 1.4556

P
  • #1,952
  • Edited 3:43pm Apr 21, 2011 2:31pm | Edited 3:43pm
Quoting Paulus
Return on account 41%
take a deposit of $ 10000,
input 0.5lots = 5% deposit = $ 5 per pip,
to add on 41% (4100 $) is needed to catch 820 pips
I have correctly counted?
or 5% is a risk, and then at SL=10 pips input 5.0 lot, and then we need to 4100/50 = 82pips. so?

  • #1,953
  • Edited 2:37pm Apr 21, 2011 2:36pm | Edited 2:37pm
Is this an accurate trade? Zig Zag up. Heiken Ashi up. Bounced off, plus a double bottom. No real trend present. Stop loss behind most recent support. TP next pivot.

I'm currently long on the EUR/USD.

The image is attached. I'm currently using Dukascopy, but all indicators are available.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_5 Mins_snapshot.png Size: 32 KB
Found a way to detect where the market will turn.
  • #1,954
  • Apr 21, 2011 2:48pm Apr 21, 2011 2:48pm
Reversed the EU.

TP at next pivot. Stop behind previous resistance. All conditions met.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_5 Mins_snapshot2.png Size: 30 KB
Found a way to detect where the market will turn.
  • #1,955
  • Apr 21, 2011 3:04pm Apr 21, 2011 3:04pm
Quoting jpdwilson
Reversed the EU.

TP at next pivot. Stop behind previous resistance. All conditions met.
Might be setting up for a trade now?? touching trend line down...we will wait and see

It's late in the day so I won't be taking this one..
Attached Image (click to enlarge)
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  • #1,956
  • Apr 21, 2011 3:26pm Apr 21, 2011 3:26pm
Quoting jpdwilson
Is this an accurate trade? Zig Zag up. Heiken Ashi up. Bounced off, plus a double bottom. No real trend present. Stop loss behind most recent support. TP next pivot.

I'm currently long on the EUR/USD.

The image is attached. I'm currently using Dukascopy, but all indicators are available.
would one be able to conclude from that chart that the down zig zag are the motive (w/ trend) and the up zig zag could be considered corrective?
  • #1,957
  • Edited 4:01pm Apr 21, 2011 4:00pm | Edited 4:01pm
Don't think the low volume is helping tonight.
  • #1,958
  • Apr 22, 2011 4:51am Apr 22, 2011 4:51am
Quoting Teresh
take a deposit of $ 10000,
input 0.5lots = 5% deposit = $ 5 per pip,
to add on 41% (4100 $) is needed to catch 820 pips
I have correctly counted?
or 5% is a risk, and then at SL=10 pips input 5.0 lot, and then we need to 4100/50 = 82pips. so?


Sorry dont understand what the question is

I take the total of whats in my account and x 5%
Thats my risk

P
  • #1,959
  • Apr 22, 2011 4:56am Apr 22, 2011 4:56am
Quoting Paulus
EU -5
GU +20% -5% +7%
GJ +6% +3% +10%
UC +5% long from 0.9526

Return on account 41%
Total for yest closed all positions out then went to sleep..no later trades hit TP all were closed when I shut down

EU -5 +1%
GU +20% -5% +7%
GJ +6% +3% +10%
UC +5% +10%

Return on account 52%

P
  • #1,960
  • Apr 22, 2011 4:57am Apr 22, 2011 4:57am
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
Hi Paulus, hope you dont mind me re-posting. Just thought you might have missed this one seeing as you're busy and may not get to read all the posts. If you'd rather not I understand No more re-posts
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