Price Action Trading with Indicators! The Freebie System | Page 157 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #3,121
  • Jun 23, 2011 3:50pm Jun 23, 2011 3:50pm
Quoting AndreyBecker
just took a short trade on usd/cad m15... it isnīt with the trend, but we have tripple top, so i think this could be a good one...
You should try to only use chart patterns like double tops,bottoms...etc on higher TFs H1 and up due to the noise on the lower TFs. On the lower TFs stick with the higher TFs TREND always! Dont guess which way....go with the flow!
  • #3,122
  • Jun 23, 2011 4:16pm Jun 23, 2011 4:16pm
Quoting Dredding82
You should try to only use chart patterns like double tops,bottoms...etc on higher TFs H1 and up due to the noise on the lower TFs. On the lower TFs stick with the higher TFs TREND always! Dont guess which way....go with the flow!
many thanks for your advices dred! it helps really very very!!! and now itīs time to sleep... by tomorrow!

cheers
  • #3,123
  • Jun 23, 2011 4:27pm Jun 23, 2011 4:27pm
How do I make the candles solid grean or red. On the settings for the HA 1 = red, 2 = white, 3 = red, 4 = white. I messed around with them, but no luck. Also, with the freebiePivot, S1 doesn't go across the whole screen, any way to fix this?
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Damn The Torpedoes, Full Speed Ahead!
  • #3,124
  • Jun 23, 2011 5:05pm Jun 23, 2011 5:05pm
So I figured out how to get the candles to be one solid color. Now how about S1 with the fib/pivot indicator? All the other lines go across the whole screen, but S1 doesn't. In my previous post, S1 is the line in the bottom right that goes through the skull and cross bones.
Damn The Torpedoes, Full Speed Ahead!
  • #3,125
  • Jun 23, 2011 8:08pm Jun 23, 2011 8:08pm
Alright first post using this system. Overall Trend is down, going short! Let me hear what yall think!
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Damn The Torpedoes, Full Speed Ahead!
  • #3,126
  • Jun 23, 2011 8:14pm Jun 23, 2011 8:14pm
Hi Dredd,

the question, normally I would short in that postion, ie the most recent swing high producing a LH or failure in this case, 2 pips under 12000, the round number.

i agree that i would expect to see the BIG 3 at the 1 ZZ dot alerting the failure but had moved down to make new LLs.

This means I can use the BIG 3 in these cases as an alert and confirm PA just like I would if rejecting a FIB level.

No I wouldnt long there either

Thx

ST

Quoting Dredding82
Not to sure what your REAL question is but.................................
Im pretty sure the 3 would have been at the 1 ZZ dot and once it made a LL it switched....which as i have said you dont CARE about the number...your just using the indicator to see the swings. The TREND was down from the MAs you have on your chart and the ZZ dots making LL....so you should have been looking for shorts not longs.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,127
  • Edited 8:43pm Jun 23, 2011 8:23pm | Edited 8:43pm
before i could even get back to my trade it already hit TP!

ASK 1.08357
SL 1.05489
TP 1.05287

I think, its like 10 Pips! Next time, I need to let it ride!

Could had made some good pips off of this one. Now I know!
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Damn The Torpedoes, Full Speed Ahead!
  • #3,128
  • Jun 23, 2011 9:10pm Jun 23, 2011 9:10pm
Am I thinking about this the right way

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?
Damn The Torpedoes, Full Speed Ahead!
  • #3,129
  • Jun 23, 2011 11:24pm Jun 23, 2011 11:24pm
Quoting DizzleFX
Am I thinking about this the right way

Attachment ?

Thats the problem with alot of traders...DONT THINK lol. Just do what your indicators tell you to do....
  • #3,130
  • Jun 23, 2011 11:25pm Jun 23, 2011 11:25pm
Quoting DizzleFX
Alright first post using this system. Overall Trend is down, going short! Let me hear what yall think!
Attachment

You have AudUsd in a down trend...i have it on an uptrend on the M15 but a down trend on the H1....pick a TF and just trade that TF...
  • #3,131
  • Jun 23, 2011 11:28pm Jun 23, 2011 11:28pm
You guys really want to see the BEST secret to being a probfitable trader and becoming WEALTHY?

I posted it here ..........http://www.forexfactory.com/showthread.php?p=4722209#post4722209
  • #3,132
  • Jun 24, 2011 12:16am Jun 24, 2011 12:16am
Quoting DizzleFX
So I figured out how to get the candles to be one solid color. Now how about S1 with the fib/pivot indicator? All the other lines go across the whole screen, but S1 doesn't. In my previous post, S1 is the line in the bottom right that goes through the skull and cross bones.
If you're using the indicator I posted, sorry, I missed a line. I replaced it with the fixed copy. just download again if you need to.
  • #3,133
  • Jun 24, 2011 12:55am Jun 24, 2011 12:55am
Now to all the people who PM'd me (all with 10 posts or less, go figure) asking me for indicators, templates, and one who asked if my indicator REALLY changed time frames!! (just download it and find out!) NO, I don't have all the answers and giving you my template or indicators won't make you a million dollars. I am just learning this system too. And what was the first thing I did when I got here?? I read the ENTIRE thread before I posted, which you would know if you read the few posts I have made. The last system I studied had over 1,000 pages and guess what?? I read the whole thing BEFORE I posted anything. WHY?? Because I understand after years of trying to become successful at investing, that nobody can hand it to you because even if you give a perfect system to an inexperienced trader, he or she will still lose money. Trust me, I've done it. I was trading one system that increased my account from 13000 to 40000 and then in just a few weeks I was back to LESS than 13000! If you can't even spend a few minutes or hours to search for the indicators you want or spend a few days or more reading the whole thread, then you really aren't ready to make money (and keep it). Sorry, you're going to have to do some work.
  • #3,134
  • Jun 24, 2011 1:46am Jun 24, 2011 1:46am
Early Bird catches the worm(pips) lol
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  • #3,135
  • Jun 24, 2011 2:33am Jun 24, 2011 2:33am
Ive had 2 trades so far both shorts one on GU the other on EU

EU +7%..but need 5954 for GU short to win ..will post charts when that trade is over

P
  • #3,136
  • Jun 24, 2011 2:35am Jun 24, 2011 2:35am
Well atleast me and you are eating up the fat juicy worms Paulus lol
  • #3,137
  • Jun 24, 2011 2:35am Jun 24, 2011 2:35am
Quoting Dredding82
Early Bird catches the worm(pips) lol
Good call Dredding.. I had both of them on the 5min.. TP reached on eu for me and still in gu.. Good luck today.

Balrog.
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  • #3,138
  • Jun 24, 2011 2:38am Jun 24, 2011 2:38am
Quoting Dredding82
Well atleast me and you are eating up the fat juicy worms Paulus lol

tempting to shut down on the day when you get a 5% + winner on your 1st thats 25% per week..fund managers just about manage 4% per year

Keep up the good work..this is a good solid system that has stood the test of severe forward testing

You trade using long term trend I trade using short term trend..but the word is trend !

cheers

P
  • #3,139
  • Jun 24, 2011 2:39am Jun 24, 2011 2:39am
Quoting balrog
Good call Dredding.. I had both of them on the 5min.. TP reached on eu for me and still in gu.. Good luck today.

Balrog.

same trades for me surprised to see GU rally on EU drop

hey ho..all we can do is watch

P
  • #3,140
  • Jun 24, 2011 2:41am Jun 24, 2011 2:41am
My EU
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