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Price Action Trading with Indicators! The Freebie System

  • #2,361
  • Edited 11:17am May 17, 2011 11:15am | Edited 11:17am
Quoting Paulus
I dont stop for the day if IO get a negative figure ..if your happy with the method and the risk reward/ money manegment then you have to take every system signal

I lose 3 Im down 15% I dont trade the next which makes 15%..I trade the next which loses 5% so Im now sick and dont trade the next which makes 10%

Scenario 1 - I lose 20%
Scenario 2 - I make 5%

If you make 3% will you stop ? .. then why stop at -3%

Its a personal preference and I have been down 20% of the account but 5% is aggressive .. 1% conservative 3% is about right really

Today...
but I dont not consider such things thats subjective and I dont do subjective

Cheers Paulus.. like your thinking

I'd like to see your charts for today if you don't mind posting them, it has helped me before.

Balrog.
  • #2,362
  • May 17, 2011 3:31pm May 17, 2011 3:31pm
day picked up very nicely

EU +14%+10% long from 1.4222
AU -5%+10% long from 1.0614
GU + 5%-5%+10%
UC -5%-5%+7%+5%

ROC 41%

Will post some charts tomorrow..my right click save chart as is not working prop I keep getting a firefox text box come up saying they cannot open the file..which means going through paint

I will run a scan and do a defrag and look for any updates and hopefuly will be sorted for tomorrow

P
  • #2,363
  • May 17, 2011 3:34pm May 17, 2011 3:34pm
Quoting Paulus
day picked up very nicely

EU +14%+10% long from 1.4222
AU -5%+10% long from 1.0614
GU + 5%-5%+10%
UC -5%-5%+7%+5%

ROC 41%

P
In fact Im off to bed so closing EU for +10%
AU for +6%

ROC 57%

P
  • #2,364
  • May 17, 2011 10:59pm May 17, 2011 10:59pm
Hi everyone !

+2% at Asian Session !!!


thanks Dredding, Paulus and Dave
Attached Image (click to enlarge)
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  • #2,365
  • May 18, 2011 12:14am May 18, 2011 12:14am
Quoting brettM
First loss in a long time -17 on this long pretty slow start to london today..

But the recovery is always nice after news +35
Hi brettM, could you share the indicator that draw circle on your chart?

Regard,
  • #2,366
  • May 18, 2011 12:26am May 18, 2011 12:26am
Quoting frontline141
Hi everyone !

+2% at Asian Session !!!


thanks Dredding, Paulus and Dave
Hi sto histrogram is very nice, could you share?

Thanks,
  • #2,367
  • May 18, 2011 12:47am May 18, 2011 12:47am
Failed
Attached Image(s) (click to enlarge)
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  • #2,368
  • May 18, 2011 1:59am May 18, 2011 1:59am
Quoting frontline141
Failed

Hi

It looks like your trading against that trend ..are you counter trend trading or trend trading..

Just be aware that if your trading with the trend on a 5min chart but using 60min charts then you could be going short on the 5min as the 60 min is rallying as all movements are in waves.

Cheers
  • #2,369
  • May 18, 2011 2:34am May 18, 2011 2:34am
Quoting Paulus
Hi

It looks like your trading against that trend ..are you counter trend trading or trend trading..

Just be aware that if your trading with the trend on a 5min chart but using 60min charts then you could be going short on the 5min as the 60 min is rallying as all movements are in waves.

Cheers
Thank you Paulus


But in my chart, the 60mins are having all Long bar but no short bar yet, (b4 I SL it), yes the highest value is decreased for 2 bars, so it's already view as a decreasing trend?
  • #2,370
  • May 18, 2011 3:56am May 18, 2011 3:56am
Quoting orionfx
Hi brettM, could you share the indicator that draw circle on your chart?

Regard,
Hi;
It is not an indicator. change these values ​​in the indicator 3_Level_zz_Semafor

Symbol_1_Kod (2,...3) at 161
  • #2,371
  • May 18, 2011 8:27am May 18, 2011 8:27am
Hello,
I am new here and trying to understand the newbie system !
Dredding82 (http://www.forexfactory.com/dredding82)
Live Trader

Dredding82 (http://www.forexfactory.com/dredding82)
Live Trader

Dredding82 - firstly i would like to thank you for all your contribution. Then is a small problem i do not understand,
The first problem is that when i load the Newbie templete the candles dissapeart.
The 2nd problem which may sound very stupid.... is that i do not understand what do you mean when the zig-zag is up or zig-zag is down. (I appologize as english is not my first language)

Does it mean that the current zig-zag line is moving up or downwards.. Am i right in assuming this.
Thanks
  • #2,372
  • May 18, 2011 9:51am May 18, 2011 9:51am
Update

EU +5% +5%
AU +5% -5% long from 1.0606
GU +5% +15% long from 1.6145
UC +15%

ROC 45%

My max TP is 15% as stated last week..big days followed by low volatile days gives big spacings on pivots so you could be waiting for a 30% move for TP to be hit totally unpractical

Cheers

P
Attached Image (click to enlarge)
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  • #2,373
  • May 18, 2011 10:08am May 18, 2011 10:08am
Quoting Paulus
Update

EU +5% +5%
AU +5% -5% long from 1.0606
GU +5% +15% long from 1.6145
UC +15%

ROC 45%

My max TP is 15% as stated last week..big days followed by low volatile days gives big spacings on pivots so you could be waiting for a 30% move for TP to be hit totally unpractical

Cheers

P

thanks alot Paulus

the winning chart teachs alot, those are the trades I missed today while I'm -10% now today -__-|

The arrows are yr own FSA indicator or just yr marks to show yr trade?

Or u just pick bar after the "correct" color bar to entry?


thanks

FL
  • #2,374
  • May 18, 2011 12:34pm May 18, 2011 12:34pm
Quoting frontline141
thanks alot Paulus

the winning chart teachs alot, those are the trades I missed today while I'm -10% now today -__-|

The arrows are yr own FSA indicator or just yr marks to show yr trade?

Or u just pick bar after the "correct" color bar to entry?


thanks

FL
yes arrows I put ion to show the actual entry

P
  • #2,375
  • May 18, 2011 12:43pm May 18, 2011 12:43pm
Quoting orionfx
Hi brettM, could you share the indicator that draw circle on your chart?

Regard,
sure here is the indicator
Attached File(s)
File Type: mq4 3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION.mq4   38 KB | 612 downloads
  • #2,376
  • May 18, 2011 12:46pm May 18, 2011 12:46pm
Quoting Paulus
Update

EU +5% +5%
AU +5% -5% long from 1.0606
GU +5% +15% long from 1.6145
UC +15%

ROC 45%

Au still long
GU +8%

UC short from 0.9724

ROC 53%
P
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: uc s.gif Size: 28 KB
  • #2,377
  • May 18, 2011 12:52pm May 18, 2011 12:52pm
Quoting Paulus
Au still long
GU +8%

UC short from 0.9724

ROC 53%
P
Great trading again Paulus and very much enjoying reading your posts (and everyone elses). The learning is excellent.

Just wondering, ever hit a 100% ROC day
  • #2,378
  • May 18, 2011 1:12pm May 18, 2011 1:12pm
I'm curious to see your eur usd chart for today...

Thanks


Paul
No man is free who is not a master of himself. -P.M.-
  • #2,379
  • May 18, 2011 1:34pm May 18, 2011 1:34pm
Quoting tritan
Great trading again Paulus and very much enjoying reading your posts (and everyone elses). The learning is excellent.

Just wondering, ever hit a 100% ROC day

No...lols

the secrete is once in set TP and just leave the room

P
  • #2,380
  • May 18, 2011 1:37pm May 18, 2011 1:37pm
Quoting pmullin86
I'm curious to see your eur usd chart for today...

Thanks


Paul
here it is..

Rule applied ..if entry too near a Pivot dont risk 5% to get 1% hence 1st trade was capped at 5% as top red pivot broken and price already hit main yellow pivot

2nd signal easy to spot ..classic 1123 reversal again capped at 5% but went for 15-20%

cheers

P
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