Price Action Trading with Indicators! The Freebie System | Page 141 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #2,801
  • Jun 3, 2011 8:02pm Jun 3, 2011 8:02pm
"he" put found it on FF somewhere, its a 89 EMA, 0 shift apply to close finished in a nice shade of dark gray.

If you want to purchase it a tenner via paypal or u could look on MT4

Well when I joined this thread, I read all the way through, and I have read it back since then. If you are serious you should do the same as there are some useful tips to be found here.

Its a tough read but worth it. Most questions have already been answered.http://www.forexfactory.com/images/s...im/whew%21.gif

I think "the fool" is correct re post 2063, i cant remember but the beauty is there are indys and templated here and you can customise your preferences when you are ready and understand the template.

ST

Quoting apt
Nobody knows then? ;[

I know those are some sort of Heiken Ashi candles, they're different than the Original Post in this thread.

I am not sure what is the indicator on the bottom.

And I'm interested in what Moving Average he is using, help!
" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,802
  • Jun 3, 2011 8:07pm Jun 3, 2011 8:07pm
impatient bugger arent u, be a bit more considerate next time, you gave a me a whole hour to reply

peace

have a good weekend getting to know MT4 and reading this thread

ST


Quoting apt
Nobody knows then? ;[

I know those are some sort of Heiken Ashi candles, they're different than the Original Post in this thread.

I am not sure what is the indicator on the bottom.

And I'm interested in what Moving Average he is using, help!
" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,803
  • Edited 8:27pm Jun 3, 2011 8:15pm | Edited 8:27pm
It appears some posts have mysteriously dissapeared, or is it the beer ?

ST

here they are and Dredd is back

http://www.forexfactory.com/showthread.php?p=4665462&posted=1#post4665462
" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,804
  • Jun 3, 2011 8:43pm Jun 3, 2011 8:43pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting speedtrip
impatient bugger arent u, be a bit more considerate next time, you gave a me a whole hour to reply

peace

have a good weekend getting to know MT4 and reading this thread

ST
Someone had replied to my original post telling me to go to the first page, even though I stated those Indies weren't on there.

But it seems he deleted his post.
  • #2,805
  • Jun 4, 2011 12:54am Jun 4, 2011 12:54am
Quoting apt
Does anyone know what indicators and MA he is using here?

The indicators seem different than the ones in the first post of this thread.

Sorry completely new to this thread, don't mean to sound like an asshole.
Looks like the standard HA candles that come with MT4, 3 level semafor that does not have floaters, the bottom indicator is just a HA candle subwindow indicator and the MA seems in my eyes as just a 100 SMA....its hard to tell you the MA cause the pic is crap lol and the arrows seem to be just the Freebie Signal Alert indicator ....you should have all but 2, the others come on your platform. click the paper clip on this thread ....hide images then you can scroll and find them..................BLAH BLAH BLAH! lol
  • #2,806
  • Jun 4, 2011 12:54am Jun 4, 2011 12:54am
Welcome back, Tater! ;-)
  • #2,807
  • Jun 4, 2011 3:35am Jun 4, 2011 3:35am
Crap picture, work at art is that, should be in the tate modern, or is that "tater" modern.

I have to admit i knew squat about indys before this thread, and i preferred the colours in Paula template as colour blind and i could see things easier so my template is a hybrid of the two.

I only put the freebie stuff stuff on their for ease, as i look at Naked Chart first and this template second which also gives me a heads up. I may take the alerts off to see if they are causing my MT4 freezing problem, maybe I have too much going on. I may strip back and rebuild and see if there is a difference.

Good to see you back Dredd

Speed



Quoting Dredding82
Looks like the standard HA candles that come with MT4, 3 level semafor that does not have floaters, the bottom indicator is just a HA candle subwindow indicator and the MA seems in my eyes as just a 100 SMA....its hard to tell you the MA cause the pic is crap lol and the arrows seem to be just the Freebie Signal Alert indicator ....you should have all but 2, the others come on your platform. click the paper clip on this thread ....hide images then you can scroll and find them..................BLAH BLAH BLAH! lol
" Dont wait for your boat to come in ..... swim out and meet it"
  • #2,808
  • Jun 5, 2011 4:37am Jun 5, 2011 4:37am
Welcome back Dredd...hope we can get now on with things!

Looking forward to your views re "I will add the MM/BE/TSL and other parts of how i trade my system as this thread picks up." from Post 1.
Freddi
  • #2,809
  • Jun 5, 2011 4:49am Jun 5, 2011 4:49am
Update

M = 0 no trading
T = +20%
W = +21%
T = +27%

Friday

EU No trade
AU No trade
GU +13+5+2 = +20%
UC -5-5+5 = -5%

Total = +15%

Weekly ROC = +83%

P
  • #2,810
  • Jun 5, 2011 5:20am Jun 5, 2011 5:20am
Quoting Paulus
Update

M = 0 no trading
T = +20%
W = +21%
T = +27%

Friday

EU No trade
AU No trade
GU +13+5+2 = +20%
UC -5-5+5 = -5%

Total = +15%

Weekly ROC = +83%

P
Great trading Paulus as usual. So if I understand correctly, you have almost doubled your account during last week?
  • #2,811
  • Jun 5, 2011 6:05am Jun 5, 2011 6:05am
Quoting Whistlepips
Great trading Paulus as usual. So if I understand correctly, you have almost doubled your account during last week?
Yes but I draw off the account

P
  • #2,812
  • Jun 5, 2011 7:08am Jun 5, 2011 7:08am
Quoting Paulus
Update

M = 0 no trading
T = +20%
W = +21%
T = +27%

Friday

EU No trade
AU No trade
GU +13+5+2 = +20%
UC -5-5+5 = -5%

Total = +15%

Weekly ROC = +83%

P
A question for you P...........................

Would you adopt me?
  • #2,813
  • Jun 5, 2011 2:19pm Jun 5, 2011 2:19pm
Quoting Paulus
Update

M = 0 no trading
T = +20%
W = +21%
T = +27%

Friday

EU No trade
AU No trade
GU +13+5+2 = +20%
UC -5-5+5 = -5%

Total = +15%

Weekly ROC = +83%

P
Paulus, thanks for your results... this is very encouraging for me as a newbie! I understood that you get your TP from the next pivot, right? I wonder why you often have the "exact" results +5%, +10%, +15%... Is this the R:R near the next pivot? How do you decide to go for 15% or 5%? (I read nearly all of your posts, but I couldn't find the answer... sorry, if I missed that...)
  • #2,814
  • Jun 5, 2011 5:53pm Jun 5, 2011 5:53pm
Quoting Wido24
Paulus, thanks for your results... this is very encouraging for me as a newbie! I understood that you get your TP from the next pivot, right? I wonder why you often have the "exact" results +5%, +10%, +15%... Is this the R:R near the next pivot? How do you decide to go for 15% or 5%? (I read nearly all of your posts, but I couldn't find the answer... sorry, if I missed that...)
He doesn't go for the next pivot, he goes for 5% minimum tp as his risk is always 5%. I presume if its still looking good he will go for the 10% and then 15% maximum.
  • #2,815
  • Edited 6:19pm Jun 5, 2011 6:04pm | Edited 6:19pm
Quoting Wido24
Paulus, thanks for your results... this is very encouraging for me as a newbie! I understood that you get your TP from the next pivot, right? I wonder why you often have the "exact" results +5%, +10%, +15%... Is this the R:R near the next pivot? How do you decide to go for 15% or 5%? (I read nearly all of your posts, but I couldn't find the answer... sorry, if I missed that...)
My thoughts, although they could be wrong, is that Paulus enters two trades at the same time as long as there is at least 5% profit in it when, or before, it hits the first pivot, he then closes out the first trade and allows the second one to continue for a further 5% profit, making 10% in total, before also closing out that trade thereby making a total profit of 15%

As I said I could be wrong but that's the only logical way that I can think that he does it.
  • #2,816
  • Jun 6, 2011 12:21am Jun 6, 2011 12:21am
When I enter a trade a short for example I look at the next pivot down if thats within 5% ie closer in pips than my SL then I set my TP to 5% and close out at 1:1 RR

If I go short and my next pivot down is greater than 5% then I close when I hit the pivot

I round the figure for posting to the nearest % no point putting TP hit 7.78 %
So I post 7%

My Max TP is 15 % ie the next pivot down is a long way off due to large moves yesterday..25 30% tp's are unrealistic so I set them to max 15% which is the text book ideal RR of 3:1

I never move my SL I never close out parts of a position I never reverse

Only 2 outcomes are possible..........I win .........I lose

cheers

P
  • #2,817
  • Jun 6, 2011 12:34am Jun 6, 2011 12:34am
understand! Thanks, Paulus!
  • #2,818
  • Jun 6, 2011 12:43am Jun 6, 2011 12:43am
Good morning traders. Nothing bouncing from weekly pivots this morning so no trades for me atm. Have to see, what that G/U is doing. The trend is down, but will it turn upwards.
  • #2,819
  • Jun 6, 2011 1:23am Jun 6, 2011 1:23am
Dear Readers,

a general apology to you and to Dredding in particular.

I have been working on an EA, but since then I have had a little holiday (vacation) for my Brothers 50th and also received some real paid work (and that doesn't happen to often). With luck I'll clear the work this week, but more likely by the end of next week. I can then return to the EA development.

Sorry this is taking so long. Life happens sometimes.

Art
  • #2,820
  • Jun 6, 2011 2:41am Jun 6, 2011 2:41am
Quoting Paulus
When I enter a trade a short for example I look at the next pivot down if thats within 5% ie closer in pips than my SL then I set my TP to 5% and close out at 1:1 RR

If I go short and my next pivot down is greater than 5% then I close when I hit the pivot

I round the figure for posting to the nearest % no point putting TP hit 7.78 %
So I post 7%

My Max TP is 15 % ie the next pivot down is a long way off due to large moves yesterday..25 30% tp's are unrealistic so I set them to max 15% which is the text book ideal RR of 3:1

I never move my SL...
Thx, Paulus. Now I get it.
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