Price Action Trading with Indicators! The Freebie System | Page 148 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #2,941
  • Jun 17, 2011 12:08pm Jun 17, 2011 12:08pm
Quoting Paulus
The funeral was today and this week has been very demanding so will start up again Monday

Thanks to all

Paulus
Take it easy paulus..
  • #2,942
  • Jun 17, 2011 12:45pm Jun 17, 2011 12:45pm
Quoting piphat
hi, was that your second trade against trend by the rule? or something missing here ?
The last high ZZ dot(HH) broke the ZZ dot(HL) before that then made a LH so it showed price was making newer highs...in other words time to look for long positions.
  • #2,943
  • Jun 18, 2011 2:41am Jun 18, 2011 2:41am
How do we get the mods to put your thread back on the trading system instead of here. I believe your thread will help alot of new people who come to ff looking for a way to trade forex. I know it's been awhile since I have posted but I trade your system mostly off of the daily charts and I must say your system rocks.
  • #2,944
  • Jun 18, 2011 3:25am Jun 18, 2011 3:25am
Quoting Dredding82
Welcome to the thread ericjschroed! Im glad you took the time to read the whole thread, I know alot was filled with the same answers and questions over and over again feeling like you would never get to the end lol.

Im starting to think an EA for this system will never be made since most that have said they will help either just take the EA i have started and never reply back to my emails or after a few days of trying to code it to make it profitable they give up. Im happy trading it by hand, but due to the use of a "repainting indicator"...
Dredd,
Feel free to post those docs! This method as presented so far is plenty of fun to trade, I especially like hunting down opportunities on 1H TF and attacking them with razor sharp 5m entries using the FSA (risk on a 5m chart in exchange for reward on 1H or 4H chart = take it any time I can get it).

I like how the FSA sometimes sets me up to attack entries based on some other methods on FF that I find useful
DIBS
http://www.forexfactory.com/showthread.php?t=86766

and
ALF
http://www.forexfactory.com/showthread.php?t=239353

but FSA rates as the most opportunistic in terms of exploiting market psychology to the trader's advantage.


good trading to all!
  • #2,945
  • Jun 18, 2011 5:41am Jun 18, 2011 5:41am
Quoting Checkz
How do we get the mods to put your thread back on the trading system instead of here. I believe your thread will help alot of new people who come to ff looking for a way to trade forex. I know it's been awhile since I have posted but I trade your system mostly off of the daily charts and I must say your system rocks.
i would guess people sending them emails like when i got kicked off...it worked back then in less then 24 hours
  • #2,946
  • Jun 18, 2011 6:09am Jun 18, 2011 6:09am
Quoting Dredding82
The last high ZZ dot(HH) broke the ZZ dot(HL) before that then made a LH so it showed price was making newer highs...in other words time to look for long positions.
got it, thanks
  • #2,947
  • Jun 18, 2011 11:40am Jun 18, 2011 11:40am
OK, so I've managed to get only through 78 pages so far...

If only people would start at page 1 and read maybe just 5 pages, this thread wouldn't be full of repeated requests and repeated answers that make it that much harder for us newcomers to get to the end of the thread!

I can believe that many trading newbies will get turned off by the requirement to read the thread, so they will go elsewhere. That's good news for the thread members, because those newbies will just go somewhere else and dump their $$ into our pockets LOL.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #2,948
  • Jun 18, 2011 11:49am Jun 18, 2011 11:49am
[quote=balrog;4702334...
Update: eurusd stopped out at news for -1% and audusd got me 3%.. so overall I'm up 3% today. I'm calling it a day. I must admit when the first couple of trades go against me during the day I do stress out over it. I need to work on that. It is the part of this strategy that I need to overcome as opportunities do present themselves during the day to recover. Many thanks to Dredding and Paulus on this thread.[/quote]

Hey Balrog, you clearly state that you get stressed out when your initial trades of the day are losers. So why don't you just take a break for the rest of the day and relax somewhere away from trading? If you make more than 1 losing trade in a row, you are probably not in a good frame of mind. Don't worry, Dredding and the gang won't drain the pip pool while you're chillin'; there will be PLENTY of pips for you to take the next day!!!

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #2,949
  • Jun 18, 2011 12:47pm Jun 18, 2011 12:47pm
Quoting DrDave
Hey Balrog, you clearly state that you get stressed out when your initial trades of the day are losers. So why don't you just take a break for the rest of the day and relax somewhere away from trading? If you make more than 1 losing trade in a row, you are probably not in a good frame of mind. Don't worry, Dredding and the gang won't drain the pip pool while you're chillin'; there will be PLENTY of pips for you to take the next day!!!

DrDave
Thanks for the advice DrDave.. it was suggested to me before to get out at -3% for the day but so far I have stuck with it. Just need to control my stress levels a bit more I suppose.

Balrog.
  • #2,950
  • Jun 18, 2011 2:21pm Jun 18, 2011 2:21pm
Quoting balrog
I'm now up 1% on the day after 2 good trades on the usdcad (see 5min chart). Brought me in 5% in total. Still in short on eurusd and audusd so might call it a day if they end % positive for me today.

Balrog

Update: eurusd stopped out at news for -1% and audusd got me 3%.. so overall I'm up 3% today. I'm calling it a day. I must admit when the first couple of trades go against me during the day I do stress out over it. I need to work on that. It is the part of this strategy that I need to overcome as opportunities do present themselves during...
Try to mentally put a handle on it your risking 1% per trade that gives you 100 failed trades..it will never happen.

All the time you risk 1% to get at least 1% and sometimes 2 3 4% you will make it..

I have been trading for 13 years.. it doesn't effect me in the slightest now but it did ..chart time and trading low risk will help you

p
  • #2,951
  • Jun 18, 2011 2:31pm Jun 18, 2011 2:31pm
been having great results trading H1 and H4, +22% for W/Th


limiting risk exposure GREATLY reduces stress and anxiety, really gotta think like an EA as paulus has mentioned before
  • #2,952
  • Jun 18, 2011 4:40pm Jun 18, 2011 4:40pm
Quoting Paulus
Try to mentally put a handle on it your risking 1% per trade that gives you 100 failed trades..it will never happen.

All the time you risk 1% to get at least 1% and sometimes 2 3 4% you will make it..

I have been trading for 13 years.. it doesn't effect me in the slightest now but it did ..chart time and trading low risk will help you

p
Cheers Paulus.. it has gotten better over the last couple of months.. I used to look at my drawdown in a monetary fashion but now deal only in percentages which has helped. I finally think I am getting this but need to focus on my trading and drop the fear factor. I don't know why it gets me as the last few months have been psoitive, probably still a fear of failure. Jeez, hope this doesn't make me sound like some crackpot

BTW, welcome back.

Balrog.
  • #2,953
  • Jun 18, 2011 4:41pm Jun 18, 2011 4:41pm
Quoting neuron
been having great results trading H1 and H4, +22% for W/Th


limiting risk exposure GREATLY reduces stress and anxiety, really gotta think like an EA as paulus has mentioned before
  • #2,954
  • Jun 19, 2011 12:31pm Jun 19, 2011 12:31pm
looking back on Friday and running that day through the trading simulator on 4 swaps at 20 times speed I would of got the following starting at London open stop at London close

EU+5%-5%+0%
GU +15%
AU +5%-5% +15% -5%
UC -5%+10%+15%

ROC +45%

cheers

P
  • #2,955
  • Jun 19, 2011 1:46pm Jun 19, 2011 1:46pm
Quoting Paulus
looking back on Friday and running that day through the trading simulator on 4 swaps at 20 times speed I would of got the following starting at London open stop at London close

EU+5%-5%+0%
GU +15%
AU +5%-5% +15% -5%
UC -5%+10%+15%

ROC +45%

cheers

P
Trading simulator P? Have I missed something? What trading simulator?
  • #2,956
  • Jun 19, 2011 2:51pm Jun 19, 2011 2:51pm
Quoting stochman
Trading simulator P? Have I missed something? What trading simulator?
with trading simulator you can backtest in real.. it means you can choose a day that you want and go it with the simulator in real... i hope you understand with

cheers
  • #2,957
  • Jun 19, 2011 2:58pm Jun 19, 2011 2:58pm
here is the simulator and how you install and use it
Attached File(s)
File Type: zip Trade_Simulator_Files.zip   37 KB | 580 downloads
File Type: pdf Trade_Simulator_setup.pdf   376 KB | 833 downloads
  • #2,958
  • Jun 19, 2011 3:20pm Jun 19, 2011 3:20pm
Good to see Paulus is still around!

Quoting Paulus
I have been trading for 13 years.. it doesn't effect me in the slightest now but it did ..chart time and trading low risk will help you

p
  • #2,959
  • Jun 19, 2011 4:29pm Jun 19, 2011 4:29pm
Quoting AndreyBecker
here is the simulator and how you install and use it
Thanks Andrey
  • #2,960
  • Jun 19, 2011 5:24pm Jun 19, 2011 5:24pm
Quoting Paulus
looking back on Friday and running that day through the trading simulator on 4 swaps at 20 times speed I would of got the following starting at London open stop at London close

EU+5%-5%+0%
GU +15%
AU +5%-5% +15% -5%
UC -5%+10%+15%

ROC +45%

cheers

P
Hi Paulus,

Any chance you could post a chart pointing out the GU trade you would have taken on Friday?

Balrog.
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