Price Action Trading with Indicators! The Freebie System | Page 153 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #3,041
  • Jun 21, 2011 11:36am Jun 21, 2011 11:36am
Hi Paulus,

I see on your EU chart you had a loser near London opening. You can see from my chart I had two losers at that time. Do you filter those out or was it just not triggered on your charts?

Balrog.
Attached Image (click to enlarge)
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  • #3,042
  • Jun 21, 2011 12:10pm Jun 21, 2011 12:10pm
Was hoping for one last entry before I go but it was not to be. As Dredding said the eurusd has a bit to go for its daily range and I thought it might trigger a 5min entry for me but alas no. I have to head off now. This will probably trigger in the next few minutes. There is always tomorrow.

Balrog.
Attached Image (click to enlarge)
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  • #3,043
  • Jun 21, 2011 12:14pm Jun 21, 2011 12:14pm
Quoting Paulus
Yes i dont fund my mt4 so they run out I use spread betting companies to trade with ..MT4 to look at charts ..as spread betting companies software is not so flexible

P
Hello Paulus,

I have heard that these people are supposed to play with a fairly straight bat, for a SB company, and they offer MT4 as a platform. May be worth a demo account for a look-see.

http://www.smartlivemarkets.co.uk/
TTFN Merlyn
  • #3,044
  • Jun 21, 2011 12:29pm Jun 21, 2011 12:29pm
Yes they are pretty good and while I have some glitches, laggy charts and freezing screens thats more to do with my PC and leaving the PC on for long periods of time. A reinstall and dejunk of MT4 etc has really improved.

ST

Quoting Merlyn
Hello Paulus,

I have heard that these people are supposed to play with a fairly straight bat, for a SB company, and they offer MT4 as a platform. May be worth a demo account for a look-see.

http://www.smartlivemarkets.co.uk/
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,045
  • Jun 21, 2011 12:39pm Jun 21, 2011 12:39pm
Quoting balrog
Hi Paulus,

I see on your EU chart you had a loser near London opening. You can see from my chart I had two losers at that time. Do you filter those out or was it just not triggered on your charts?

Balrog.
I didnt see that 1st long ..jeeeez

It was a valid signal and it would of been a loss..the 2nd loss went for around +12% then revesred

Sorry about that

P
  • #3,046
  • Jun 21, 2011 12:40pm Jun 21, 2011 12:40pm
frontline141, here is the pivot indicator what i use

Input:

Use_Sunday_Data: false
Daily: true
Daily_SR_Levels: true
Daily_Mid_Levels: true
Weekly: true
Weekly_SR_Levels false
Weekly_Mid_Levels: false
Monthly: true
Monthly_SR_Levels: false
Monthly_Mid_Levels: false
Attached File(s)
File Type: mq4 AutoPivotIndicator_ver5(2).mq4   30 KB | 446 downloads
  • #3,047
  • Jun 21, 2011 12:42pm Jun 21, 2011 12:42pm
Quoting Merlyn
Hello Paulus,

I have heard that these people are supposed to play with a fairly straight bat, for a SB company, and they offer MT4 as a platform. May be worth a demo account for a look-see.

http://www.smartlivemarkets.co.uk/
I will take a look thanks

its alot easier for me to trade with sb

4 swaps all different £ to $ ratio

simply 10k account
5% risk = £500
SL is 20 pips
£500 /20 = £25 per pip and that would be across all 4 if the figures were the same

alot quicker to calculate

P
  • #3,048
  • Jun 21, 2011 12:54pm Jun 21, 2011 12:54pm
Quoting ericjschroed
Thanks everyone for continuing to post trades and results and charts! I'm still new to this method and have to find a way to manual trade around my job, etc., until/unless I can program an EA to trade while I'm asleep.

If anyone likes the Fib_Pivots indicator, I've modified it to fit Dredd's recommendations. From H1 on down, it shows D1 Pivots, H4 shows W1 and D1 shows M1 Pivots, so you only need one indicator and can easily switch between TFs. You can also choose if you want Standard Pivots instead of Fib Pivots by a True or False. If you want...
Killer job on this pivot indicator man! makes adding pivots easy since when you change TFs the pivots change as well!
  • #3,049
  • Jun 21, 2011 1:13pm Jun 21, 2011 1:13pm
Closed out the last trade for around 50 pips of profit just didnt feel like waiting around lol and just reentered into a long. I didnt wait till close of the candle because its in a CLEAR up trend so i wanted to get a jump on the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 116 KB
  • #3,050
  • Jun 21, 2011 1:15pm Jun 21, 2011 1:15pm
Thanks.

I'm posting this here with Dredd's approval, even though it's not related to this system:

Got this in my email last weekend "As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011. " How much more are they going to restrict us? There are ways of getting around hedging and FIFO, but generally not the 1:50 margin and then this? Personally, I don't trade these but What is going on here? Do I need to move to another country to maintain my "freedoms"?
  • #3,051
  • Jun 21, 2011 1:40pm Jun 21, 2011 1:40pm
Quoting Dredding82
Closed out the last trade for around 50 pips of profit just didnt feel like waiting around lol and just reentered into a long. I didnt wait till close of the candle because its in a CLEAR up trend so i wanted to get a jump on the trade.

Nice 1
  • #3,052
  • Jun 21, 2011 2:08pm Jun 21, 2011 2:08pm
Hi!

Maybe a sell set up on EU M5
Waiting for the next candle
Attached Image (click to enlarge)
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  • #3,053
  • Jun 21, 2011 2:37pm Jun 21, 2011 2:37pm
Quoting Lizardman
Hi!

Maybe a sell set up on EU M5
Waiting for the next candle
A little short there, but I missed it.
That was not good....
I am looking for 1.4430 at this moment
A little beginner trader since 2006
  • #3,054
  • Jun 21, 2011 3:10pm Jun 21, 2011 3:10pm
Quoting Paulus
I didnt see that 1st long ..jeeeez

It was a valid signal and it would of been a loss..the 2nd loss went for around +12% then revesred

Sorry about that

P
Sadly I did manage to spot it I do manage to miss some setups on the 5min but unfortunately for me they are mostly winners... go figure!!!

Balrog.
  • #3,055
  • Jun 21, 2011 3:12pm Jun 21, 2011 3:12pm
Quoting Dredding82
Closed out the last trade for around 50 pips of profit just didnt feel like waiting around lol and just reentered into a long. I didnt wait till close of the candle because its in a CLEAR up trend so i wanted to get a jump on the trade.
Good stuff Dredding. How many pairs do you monitor?

Balrog.
  • #3,056
  • Edited 3:46pm Jun 21, 2011 3:31pm | Edited 3:46pm
Quoting balrog
Good stuff Dredding. How many pairs do you monitor?

Balrog.
I watch all the majors but only trade a few when i see they have good volume in them...some days its best to just sit on the side line waiting like a hungry shark for your prey to come to you! I also watch gold,silver and a few US stocks. I mostly trade gold around now till the Chinese holidays...thats when i cash in for my months of holding! Watch in a few months CNBC is going to start talking about gold ALOT and the chinese holidays! its like this every year...if only people would RESEARCH what they trade lol Summer DIP.....Fall RALLY..........
  • #3,057
  • Jun 21, 2011 3:43pm Jun 21, 2011 3:43pm
Quoting Lizardman
Hi!

Maybe a sell set up on EU M5
Waiting for the next candle
What is the TREND? is price moving higher and higher or lower and lower? Trade with the TREND if you wish to make and KEEP PROFITS...

But on a side *NOTE* if you did take that short....THANKS for the money your putting in my bank account lol
  • #3,058
  • Edited 4:27pm Jun 21, 2011 3:49pm | Edited 4:27pm
If you want to short on the EurUsd.....use a limit order at the last low ZZ Dot for a break of the last low ZZ Dot once your limit order has been hit and placed use the last HIGH ZZ dot as your SL.....Part of the Freebie PRO System...using limit orders for break out trades.
  • #3,059
  • Jun 21, 2011 5:21pm Jun 21, 2011 5:21pm
Quoting Paulus
there was no semaphore for me at 11.05 so no count and yes the +15% was at 12.20 long for me ..the other 15% was a short at 8.25pm

P
hi, Paulus. from you chart. saw some trade not been take because semaphonre not there when it happen. but it was there on my trade. took it and lost it. so please tell us which semaphore indicator that you are using? thanks
and do you have some kind alert indicator to remind you when the set up might happen? or you just watch monitor all the time? thanks
  • #3,060
  • Jun 21, 2011 5:23pm Jun 21, 2011 5:23pm
Quoting piphat
hi, Paulus. from you chart. saw some trade not been take because semaphonre not there when it happen. but it was there on my trade. took it and lost it. so please tell us which semaphore indicator that you are using? thanks
and do you have some kind alert indicator to remind you when the set up might happen? or you just watch monitor all the time? thanks
You will lose some trades....did you take the next trade? if so would you have made profit? Were you with the TREND? Did you FOLLOW THE RULES? Was there a fail at a pivot?
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