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Price Action Trading with Indicators! The Freebie System

Anyone post some charts with today's cam lines on please.
Quoting michaelwen
paulus. great list. one question about TP.
so, you set the two TP ,
1. 15% from entry point.
or, 2, First next in line of pivot line from your entry .
whatever hit first. right?
and you never change the 5%, SL. or 15% TP, or next in line pivot TP when the trade start, right?
thanks.

Thats right

the SL is always 1 pip higher or lower than the last swing low or high as depicted by the semaphore

The max TP is 15%

But the TP is also the next pivot line so if I go short and I hit a pivot thats more than 5% but less than 15% then I close

the min TP is 5% to protect the RR

Cheers

P
Quoting neil324
Anyone post some charts with today's cam lines on please.
HYG

P
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Do you guys have a risk management policy concerning how many deals to open simultaneously in a single currency. Ive had some cases where several pairs hit sl simultaneously because of one currency moving. Eg. I had four CAD pairs rolling last night. All but one hit sl. One issue is also taking positions in opposite directions simultaneously in same currencies like eg. gbp/jpy short and gbp/usd long.

I think that this is a risk management issue, but havent yet found a way to deal with it. I think that this system deals with them in the long run, being profitable as it is, but would be nice to know.
No policy personally, but on Friday i had 4 shorts on the USD at once, all 4 hit TP. I was acutely aware of it swinging the other way though. Maybe someone else with more experience can chime in.

It feels strange going long and short at the same time, but with this system you need to take every signal.
Hmm, these tight cam lines are baking my head today, anyone taking any trades?
Its like Paulus said when it has been a very low range day the day before, you can't really rely on them, best to take note of LL, LH and HH HL and put the stop behind the swings.
Quoting neil324
Hmm, these tight cam lines are baking my head today, anyone taking any trades?
One so far.. Only let it go 1:1 as there were no more cam lines below so didn't take any chances.
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Quoting balrog
One so far.. Only let it go 1:1 as there were no more cam lines below so didn't take any chances.
Hmm, what broker is that chart on and what cam indie + settings you using.

cheers
mayby we will get a setup on gbp/usd m15 soon... the trend on h1 is up, and after a retrace, it could go long again... failed on the pivot, 3 semafor... lets wait for the HA... is it right?
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Quoting AndreyBecker
mayby we will get a setup on gbp/usd m15 soon... the trend on h1 is up, and after a retrace, it could go long again... failed on the pivot, 3 semafor... lets wait for the HA... is it right?

i´m in, because i think it´s a perfect setup

cheers
Quoting AndreyBecker
mayby we will get a setup on gbp/usd m15 soon... the trend on h1 is up, and after a retrace, it could go long again... failed on the pivot, 3 semafor... lets wait for the HA... is it right?
anyone took it?
Quoting AndreyBecker
mayby we will get a setup on gbp/usd m15 soon... the trend on h1 is up, and after a retrace, it could go long again... failed on the pivot, 3 semafor... lets wait for the HA... is it right?

stopped out
Quoting neil324
Hmm, what broker is that chart on and what cam indie + settings you using.

cheers
FXDD and +2.
Quoting Paulus
Thats right

the SL is always 1 pip higher or lower than the last swing low or high as depicted by the semaphore

The max TP is 15%

But the TP is also the next pivot line so if I go short and I hit a pivot thats more than 5% but less than 15% then I close

the min TP is 5% to protect the RR

Cheers

P
Paulus, some post back you mention. you are not watch 5 min chart all the time. but you have a indicator give you a alert when the price is close to pivot line. could you point out where to get this alert indicator? I was try to watch the chart all the time. but my eyes just hurting . so if I only need heard the alert, not watch it. will be great. thanks
and also could you check attach chart. see if my pivot line is same with yours . thanks for your help.
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Quoting michaelwen
Paulus, some post back you mention. you are not watch 5 min chart all the time. but you have a indicator give you a alert when the price is close to pivot line. could you point out where to get this alert indicator? I was try to watch the chart all the time. but my eyes just hurting . so if I only need heard the alert, not watch it. will be great. thanks
and also could you check attach chart. see if my pivot line is same with yours . thanks for your help.
The alert is in the cam indie, just choose alerts/true. He posted his charts for today on the last page.
Sorry guys this is a GU trade. Here is a 5M GU short trade. We had 2 attempts (yellow arrows)to go higher right before the DPV line and then we broke to the downside. Price comes up and tests the DPV line and I enter on the down candle (aqua arrow / green line). Targeting the S1 line but got a bit nervous and closed trade at +13 pips. Of course in hindsight price continues down and hits the S1 level.
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Quoting AndreyBecker
mayby we will get a setup on gbp/usd m15 soon... the trend on h1 is up, and after a retrace, it could go long again... failed on the pivot, 3 semafor... lets wait for the HA... is it right?
TREND IS NOT UP! LOOK AT THE 4 HA COLORS! DUH! lol trade WITH THE TREND not against IT!
Quoting AndreyBecker
i´m in, because i think it´s a perfect setup

cheers
Yea its perfect....perfectly WRONG!
Quoting AndreyBecker
stopped out

Really? NO WAY! i wouldnt have thought that since ALL the other TFs HA color was RED.............
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