Price Action Trading with Indicators! The Freebie System | Page 137 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #2,721
  • Jun 1, 2011 5:54am Jun 1, 2011 5:54am
paulus, please take look at my chart.
the firse red arrow point out my first short. two bar early, it had semafor when I entry short. as you can see it is lost trade.
and the red vertical red line is my question entry. should I short agani (at H3 line semafor is my H, L4 line semafor is my L, L3 line samafor is my LH ) ? or it is middle of set up for the long trade ( L4 line semafor is my L, L3 line semafor is my H, the semafor just under L3 line is my HL ) just wait for HA become green and price bar close at top of L3 line ? thanks
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  • #2,722
  • Jun 1, 2011 8:41am Jun 1, 2011 8:41am
Quoting michaelwen
paulus, please take look at my chart.
the firse red arrow point out my first short. two bar early, it had semafor when I entry short. as you can see it is lost trade.
and the red vertical red line is my question entry. should I short agani (at H3 line semafor is my H, L4 line semafor is my L, L3 line samafor is my LH ) ? or it is middle of set up for the long trade ( L4 line semafor is my L, L3 line semafor is my H, the semafor just under L3 line is my HL ) just wait for HA become green and price bar close at top of L3 line ? thanks
you do not short again as it made a higher hi if your semaphor was there on the original signal

hope that helps

P
  • #2,723
  • Edited 11:15am Jun 1, 2011 10:09am | Edited 11:15am
Struggling with longer t/fs atm so went back to M5 today.

Not able to watch pc all as kids around but managed to get some trades on, and much better later in session today.
Gold +20, +20, +20, +29, +37
EU +20 , +5

Ive just traded Gold long PP - R2 where i exited but its gone to fall just short of R3

Edit: Its broken out and gone approaching historical highs

Edit: Gold failing @ highs 1550 is a big number but this would be CT accoriding to my trend indy on the M5/H1/H4 but H4 looks Dt to me

Quoting Paulus
you do not short again as it made a higher hi if your semaphor was there on the original signal

hope that helps

P
Attached Image (click to enlarge)
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" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,724
  • Edited 11:19am Jun 1, 2011 11:04am | Edited 11:19am
Im short off the PP which is blocking and rejecting price.

101.91
TP1 hit +20 so have have a free trade on remaining 50%

D1 = UT
H4 = DT
H1 = UT
M5 = DT

my trend indy says H4 UT but I see DT, any views?

Edit: when entering trade trend indy said M5 DT and H1/H4 UT. Now 17.10 GMT and H1 gone red
was +35 up but bouncing off 50 level and LLs now

stop moved to $101.50
closed manually +60 as getting greedy
Attached Image (click to enlarge)
Click to Enlarge Name: nymes010611.gif Size: 28 KB
" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,725
  • Jun 1, 2011 12:59pm Jun 1, 2011 12:59pm
update

EU -5%+5%
AU -5%+13%-5%+15%
GU -5%-5%
UC +5%

ROC +13%

Cheers P
  • #2,726
  • Jun 1, 2011 2:27pm Jun 1, 2011 2:27pm
Quoting Paulus
update

EU -5%+5%
AU -5%+13%-5%+15%
GU -5%-5%
UC +5%

ROC +13%

Cheers P
-5% on Uc
+13% on EU

ROC 21%
  • #2,727
  • Jun 1, 2011 5:04pm Jun 1, 2011 5:04pm
Great trades Paulus & ST. Keep em comin...
  • #2,728
  • Jun 1, 2011 5:04pm Jun 1, 2011 5:04pm
Quoting AndreyBecker
okay i was wrong by determine the trend... here a picture...
PS: okay, i know where was my mistake, now i´m on the right way to make money thanks daddy
Well can i say i TOLD YOU SO! lol ...GbpUsd had a HUGE DOWN move today.....Hope you traded with the TREND! PIPS PIPS AND MORE PIPS!
  • #2,729
  • Jun 1, 2011 5:26pm Jun 1, 2011 5:26pm
Question for you Dredding, do you only trade off pivots in the fashion described on the first post or do you also trade off other levels, eg S&R.

I ask because today on todays NYMEX oil was in clear DT but failing to get back to highs as reistance was moving down and blocking way back up.

On my charts I saw BIG 3s above me at 14.00 and 15.20 (GMT +1). The first one retraced back off my pivot to fail $103 @ 102.73. Pivot gave way and price retraced to fail $103/M3 @ $102.89. Had I been around I would have been very tempted to take seond short esp as M3 confluence and R1 just above (fail only 11 pips from $103). I notice that the 15.20 BIG 3 is higher than the one that formed at 14.00 so effectively its broken the swing high but the BIG 3 below these points was making LLs at the time so DT more in evidence then. Would appreciate any views on this one

Ta

ST

Quoting speedtrip
Im short off the PP which is blocking and rejecting price.

101.91
TP1 hit +20 so have have a free trade on remaining 50%

D1 = UT
H4 = DT
H1 = UT
M5 = DT

my trend indy says H4 UT but I see DT, any views?

Edit: when entering trade trend indy said M5 DT and H1/H4 UT. Now 17.10 GMT and H1 gone red
was +35 up but bouncing off 50 level and LLs now

stop moved to $101.50
closed manually +60 as getting greedy
" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,730
  • Jun 1, 2011 6:03pm Jun 1, 2011 6:03pm
Quoting speedtrip
Question for you Dredding, do you only trade off pivots in the fashion described on the first post or do you also trade off other levels, eg S&R.

I ask because today on todays NYMEX oil was in clear DT but failing to get back to highs as reistance was moving down and blocking way back up.

On my charts I saw BIG 3s above me at 14.00 and 15.20 (GMT +1). The first one retraced back off my pivot to fail $103 @ 102.73. Pivot gave way and price retraced to fail $103/M3 @ $102.89. Had I been around I would have been very tempted to take seond short...
Yes i only trade off of pivots...which if you look you will see the pivot that price fails at is also some other sort of S&R...If you post a pic it would help to understand what you are talking about since i do not trade crude.
  • #2,731
  • Jun 1, 2011 6:18pm Jun 1, 2011 6:18pm
Quoting Paulus
-5% on Uc
+13% on EU

ROC 21%
hi, Paulus, could you show us your charts after tradeing. make much easy to learn. thanks. and those my last night trading . still learn from you.
so, you said. we are not really looking in to the BIG pictures ( the semaphor appear on the left side of chart third , fouth , .....spot )for find the trend. we only focus on last three semaphor location to determine H, L , LH?

EU +13%,+10%
GU -5,-5,+10,-5
AU -5,-5
ROC, +8
some good set up I miss it, did not see at that time.

and Paulus, you said, you are only trade from London open untill end right? what happen if you still have trade open at london close, are you close it , or left open untill hit SL or TP?
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  • #2,732
  • Jun 1, 2011 6:30pm Jun 1, 2011 6:30pm
Hi Dredding heres the link to the post with chart, hope u can see what i mean.

Prior to your finding your exc thread i trade off pivots and round numbers, ie price being rejected or finding support of these levels. I have seen that your method does reacts in the same way to prev S&R, round numbees as it does with pivots so in the right hands and using PA much like we use the mid points this can work also

Ta

ST

POST 2744 on page 183

http://www.forexfactory.com/showthread.php?t=276813&page=183

Yes i agree re pivots and S&R.

Quoting Dredding82
Yes i only trade off of pivots...which if you look you will see the pivot that price fails at is also some other sort of S&R...If you post a pic it would help to understand what you are talking about since i do not trade crude.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,733
  • Jun 1, 2011 6:38pm Jun 1, 2011 6:38pm
Quoting speedtrip
Hi Dredding heres the link to the post with chart, hope u can see what i mean.

Prior to your finding your exc thread i trade off pivots and round numbers, ie price being rejected or finding support of these levels. I have seen that your method does reacts in the same way to prev S&R, round numbees as it does with pivots so in the right hands and using PA much like we use the mid points this can work also

Ta

ST

POST 2744 on page 183

http://www.forexfactory.com/showthread.php?t=276813&page=183

Yes i agree re pivots and S&R.
I dont see a chart for NYMEX OIL you are talking about...Just post a new pic...
  • #2,734
  • Jun 1, 2011 7:23pm Jun 1, 2011 7:23pm
Daily TF trade of yesterday
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Forex is boring but profitable with patience and discipline
  • #2,735
  • Jun 2, 2011 2:55am Jun 2, 2011 2:55am
ive uploaded here and annotated, hope it makes sense


Quoting Dredding82
I dont see a chart for NYMEX OIL you are talking about...Just post a new pic...
Attached Image (click to enlarge)
Click to Enlarge Name: nymes010611.gif Size: 33 KB
" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,736
  • Jun 2, 2011 3:18am Jun 2, 2011 3:18am
Another example of NYMEX

You can see $100 failed around 8am GMT, but I was not at PC. I was waiting for a retrace and a LH under $100 and the previous failure. Unfortantely was distracted and missed the retrace and failure and by the time I saw it R:R to S1 was not good enough for me
Attached Image (click to enlarge)
Click to Enlarge Name: nymes020611.gif Size: 24 KB
" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,737
  • Edited 5:17am Jun 2, 2011 3:31am | Edited 5:17am


Good morning. Just opened my computer. Last night's trades. Took six. One hit tp, five running on a positive side. Just trailed my stops. About +200 pips. Good way to start a day.

E/U long going, (added, hit tp + 150 pips)
G/U short going (added, hit sl)
A/C long going , sl moved to +30
E/A long going , (added, hit tp +70)
U/J long going
E/G long hit tp
  • #2,738
  • Jun 2, 2011 3:36am Jun 2, 2011 3:36am
please expand

Quoting Whistlepips


Good morning. Just opened my computer. Last night's trades. Took six. One hit tp, five running on a positive side. Just trailed my stops. About +200 pips. Good way to start a day.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,739
  • Jun 2, 2011 5:19am Jun 2, 2011 5:19am
Quoting speedtrip
Struggling with longer t/fs atm so went back to M5 today.

Not able to watch pc all as kids around but managed to get some trades on, and much better later in session today.
Gold +20, +20, +20, +29, +37
EU +20 , +5
Excellent trading ST.
  • #2,740
  • Jun 2, 2011 5:23am Jun 2, 2011 5:23am
thx but its D1 where i want to be

Quoting tritan
Excellent trading ST.
" Dont wait for your boat to come in ..... swim out and meet it"
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