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Price Action Trading with Indicators! The Freebie System

  • #3,061
  • Edited 6:15pm Jun 21, 2011 6:05pm | Edited 6:15pm
Quoting Paulus
A failure on UC -5%

the open EU just made 10%

GU +15%+15%
UC -5%+5%+5%+7%-5%
EU -5% +10%
AU -5%

ROC +37%
paulus . try to put your UC trade on the chart. let me know if that was not trade you took. entry at begin of # bar. per bar is single bar.

UC: -5% : #1 line. long trade. ( or your long entry at fouth bar from right side of Big 3 ?)
( I guess you did not take short trade on #2 line. is that because pre bar(big red candle) move too far away from pivot line? )
+5% : #3 line.
+5%: #4 line.
+7%: #6 line. ( why you are not short on #5? looks like will be SL)
-5% : #7 line.

the attach indicator call semaphortrue2. it is will show you where was semaphor appear in the past( the little white or red dot on the chart) . and you said some of semaphor did not show on your chart when the set up appear. so just wonder which semaphor indicator that you are using?
thanks for your help, and your trade results very encourage for us.
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 110 KB
Attached File(s)
File Type: mq4 SemaphorTrue2.mq4   5 KB | 617 downloads
  • #3,062
  • Jun 21, 2011 6:08pm Jun 21, 2011 6:08pm
Quoting Dredding82
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?
Dredding. yes, sometime did not take next trade because last lost trade. chicken out a little bit. try to bulid confidence on the system. thanks for teaching.
  • #3,063
  • Jun 21, 2011 6:21pm Jun 21, 2011 6:21pm
Quoting piphat
paulus . try to put your UC trade on the chart. let me know if that was not trade you took. entry at begin of # bar. per bar is single bar.

UC: -5% : #1 line. long trade. ( or your long entry at fouth bar from right side of Big 3 ?)
( I guess you did not take short trade on #2 line. is that because pre bar(big red candle) move too far away from pivot line? )
+5% : #3 line.
+5%: #4 line.
+7%: #6 line. ( why you are not short on #5? looks like will be SL)
-5% : #7 line.

the attach indicator call semaphortrue2. it is will show you where...
Hey piphat,

Thanks for sharing the indi. I've been needing something like this to go back over charts when I'm finished for the day to see what I've missed or why I took trades. BTW, I did take trade #5 and my SL was hit but I got back in again for #6.

Balrog.
  • #3,064
  • Edited 6:33pm Jun 21, 2011 6:23pm | Edited 6:33pm
EU bounced off FIB R1 on my m5 chart and has taken out recent swing lows with a +50 move taking out the pivot.

http://www.forexlive.com/blog/2011/06/21/greek-government-survives-confidence-vote/

Still shows uptrend until you look at H1 and $1.45 looks a key level for me (chart2) and you will can see weekly pivot has been rejected, see the spike that formed the BIG3

ST

Quoting Dredding82
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.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eupivotfail230611.jpg Size: 129 KB
Click to Enlarge Name: eupivotfail2h130611.jpg Size: 136 KB
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,065
  • Jun 21, 2011 6:41pm Jun 21, 2011 6:41pm
Quoting speedtrip
EU bounced off FIB R1 on my m5 chart and has taken out recent swing lows with a +50 move taking out the pivot.

http://www.forexlive.com/blog/2011/06/21/greek-government-survives-confidence-vote/

Still shows uptrend until you look at H1 and $1.45 looks a key level for me (chart2) and you will can see weekly pivot has been rejected, see the spike that formed the BIG3

ST
You got some WEIRD pivots man....my weekly pivot was broke at 1.4293...but like i said ANY pivot will work...but you should make sure thats not a monthly pivot...which are for LONG LONG term trades not day trading
  • #3,066
  • Jun 21, 2011 7:16pm Jun 21, 2011 7:16pm
This daily setup looks good...
Attached Image (click to enlarge)
Click to Enlarge Name: uscaddaily.gif Size: 16 KB
  • #3,067
  • Jun 22, 2011 12:52am Jun 22, 2011 12:52am
Quoting Dredding82
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
I made 6 pips, but of course you're right, i always forgot the TRADE with the TREND rule... Sorry
Keep in watching, and thank you your answering!
  • #3,068
  • Jun 22, 2011 1:04am Jun 22, 2011 1:04am
EA Update.

Bloody thing has deleted itself off my computer, or that is to say, I came to open it this morning to find a file of spaces. Even worse the ex4 file doesn't exist so I can't re-engineer the code.

This is tens of hours of work gone up in smoke. I am not sure I have the energy to do it all again.
  • #3,069
  • Jun 22, 2011 1:28am Jun 22, 2011 1:28am
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

That is my problem I have no alert and I also use another system so 8 charts to look at in total..

and set up trades on spread better so i do miss some

P
  • #3,070
  • Jun 22, 2011 1:34am Jun 22, 2011 1:34am
Quoting piphat
paulus . try to put your UC trade on the chart. let me know if that was not trade you took. entry at begin of # bar. per bar is single bar.

UC: -5% : #1 line. long trade. ( or your long entry at fouth bar from right side of Big 3 ?)
( I guess you did not take short trade on #2 line. is that because pre bar(big red candle) move too far away from pivot line? )
+5% : #3 line.
+5%: #4 line.
+7%: #6 line. ( why you are not short on #5? looks like will be SL)
-5% : #7 line.

the attach indicator call semaphortrue2. it is will show you where was semaphor...
sorry Im confused by your post and the white dots make it hard to follow..we must have a HH and HL to start with for longs and a LH LL for a short

This is a classic 123 set up and can depict the strt of a trend couple that with support on pivot or break through pivot and we have a good chance of success

Some of your trade do not show this classic pattern

P
Attached Image
  • #3,071
  • Jun 22, 2011 1:37am Jun 22, 2011 1:37am
Quoting HiArt
EA Update.

Bloody thing has deleted itself off my computer, or that is to say, I came to open it this morning to find a file of spaces. Even worse the ex4 file doesn't exist so I can't re-engineer the code.

This is tens of hours of work gone up in smoke. I am not sure I have the energy to do it all again.

Take a few days off..then start again I used to have a verse from Thomas Edison on my signature it went some thing like this..

Our greatest weakness lies in giving up.
Allways try just one more time. -Thomas Edison
  • #3,072
  • Jun 22, 2011 1:49am Jun 22, 2011 1:49am
Quoting Paulus
Take a few days off..then start again I used to have a verse from Thomas Edison on my signature it went some thing like this..

Our greatest weakness lies in giving up.
Allways try just one more time. -Thomas Edison
that´s true! did you read "think and grow rich" of napoleon hill?
  • #3,073
  • Jun 22, 2011 1:52am Jun 22, 2011 1:52am
Hi Paulus,

I use this site...it's free and works well for me.

Forex @ DailyFX - Mobile Price Alerts from DailyFX (http://www.dailyfx.com/charts/mobile_price_alerts/)

Freddi

Quoting Paulus
That is my problem I have no alert and I also use another system so 8 charts to look at in total..

and set up trades on spread better so i do miss some

P
  • #3,074
  • Jun 22, 2011 1:59am Jun 22, 2011 1:59am
Quoting Paulus
That is my problem I have no alert and I also use another system so 8 charts to look at in total..

and set up trades on spread better so i do miss some

P
The #OHLC indicator along with the HeikenAshiAlert indicator and the Freebie Signal Alert all have alerts added to them for when a HA changes from one color to another.... makes it easier then watching the charts none stop. Once you get the alert you just check the charts and see if the other rules were ment or not..........
  • #3,075
  • Jun 22, 2011 2:02am Jun 22, 2011 2:02am
Quoting HiArt
EA Update.

Bloody thing has deleted itself off my computer, or that is to say, I came to open it this morning to find a file of spaces. Even worse the ex4 file doesn't exist so I can't re-engineer the code.

This is tens of hours of work gone up in smoke. I am not sure I have the energy to do it all again.
Hello Art,

I feel your pain cos it happen to me several times in the past.
Then I start using a VCS system for every single file I code or type and never lost a line of code again (well...).

Try using one of these, you wont regret it.
- mercurial
- svn
- git
- darcs

good luck
kook
  • #3,076
  • Jun 22, 2011 3:04am Jun 22, 2011 3:04am
It's just 20 pip, but for me it's awsome!
Attached Image (click to enlarge)
Click to Enlarge Name: Névtelen.jpg Size: 211 KB
  • #3,077
  • Jun 22, 2011 3:36am Jun 22, 2011 3:36am
Quoting HiArt
EA Update.

Bloody thing has deleted itself off my computer, or that is to say, I came to open it this morning to find a file of spaces. Even worse the ex4 file doesn't exist so I can't re-engineer the code.

This is tens of hours of work gone up in smoke. I am not sure I have the energy to do it all again.
So just pull out the backup copy and the ORIGINAL ex4 file that you have archived on another drive.

What was that??? No BACKUPS!? No ARCHIVES!?

"there are just two kinds of computer users: those that HAVE lost files due to no backups; those that WILL lose files due to no backups."

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #3,078
  • Jun 22, 2011 4:18am Jun 22, 2011 4:18am
You could be right there dredding , as I was setting up some different versions of templates/profiles/instances of MT4 so i could demo longer t/f stuff.

ST

Quoting Dredding82
You got some WEIRD pivots man....my weekly pivot was broke at 1.4293...but like i said ANY pivot will work...but you should make sure thats not a monthly pivot...which are for LONG LONG term trades not day trading
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,079
  • Jun 22, 2011 4:20am Jun 22, 2011 4:20am
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/
Lousy with demo platforms as they tend to stick, freeze and lag as Speedtrip has found out yet I have found them to be superb with live platforms
  • #3,080
  • Jun 22, 2011 4:40am Jun 22, 2011 4:40am
Theres some feedback about SML here.

http://www.trade2win.com/boards/spread-betting/93212-smart-live-markets-spread-bet-mt4-257.html

I have seen requotes/invalid prices/lagging/freezing but not that often, live and demo. I last had this issue on an NFP day when in trade but my TP was hit but i could not interact with my trade. However, it appears that my stop loss and TP were still capable of being executed I just could not manually trade out and only happened once in last 6-8 months.

My issues were resolved by uninstalling/reinstalling MT4, and also by switching PC off when not in use. My problems are more to do with my desktop than SML. Also my ISP were throttling my broadbanf line. No issues since touch wood.

I have also removed the plethora of indicators that have been sent to me and installed to MT4. Less is more and after a health check PC is glitch free.

It works perfectly well on my laptop which is a higher spec machine.

Trade well chaps

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