Price Action Trading with Indicators! The Freebie System | Page 159 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #3,161
  • Jun 24, 2011 5:19am Jun 24, 2011 5:19am
Quoting shogeki
Dredding thanks for the system . first 3 live trades done and taken profit on all 3. Been reading through the thread for the last 2 weeks and confident of success. Thanks again mate.

YW as always...Thats GREAT! just follow the rules and keep with the trend...dont worry about losers you will have some!
  • #3,162
  • Jun 24, 2011 5:21am Jun 24, 2011 5:21am
Took a short of the mid pivot bounce since i am looking for shorts on the H1 as the TREND IS DOWN using the Freebie PRO way...up 70+ pips already locked in BE and about to lock in a few pips...Gotta love the haters lol

TP on the other 2 trades GbpUsd & EurUsd both for 1:2 Risk:Reward but already had profit locked in way before it even shot up as you can see in the other pics and the red lines
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  • #3,163
  • Jun 24, 2011 5:33am Jun 24, 2011 5:33am
Quoting piphat
Dredding, looks like your 240 MTF is different than 60,1440. so, you still take short, are you open the trade even if only two TF trend agree? thanks

Yes i do....newbies should not till they fully understand the system and how to look for areas of S&R......If newbies wait they will get into better trades till they know how to find good S&R levels
  • #3,164
  • Jun 24, 2011 5:54am Jun 24, 2011 5:54am
That trade was KILLER! i mean come on 100 pips in 1 hour! and i risk 1%-2% per trade! WTF! The strippers are gonna be happy this weekend lol

Oh yea closed alittle early since it hit 100 pips...it was just too good to wait till the TP was hit which was only 17 pips away.
  • #3,165
  • Jun 24, 2011 6:16am Jun 24, 2011 6:16am
Thanks Dredd, im doing the grass actually as I couldnt find the kids if u get what i mean

Quoting Dredding82
Good Trade SpeedTrip......You have a garden dont ya? Go pick them some fresh veggies and make some soup for them....veggies and fruit are the best when your sick.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,166
  • Jun 24, 2011 6:19am Jun 24, 2011 6:19am
Anyone think gold good buy if $1500 holds or are wel looking at S1, or is too bearish atm.

Just wanted tio float that idea

ST
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,167
  • Jun 24, 2011 6:28am Jun 24, 2011 6:28am
Quoting speedtrip
Anyone think gold good buy if $1500 holds or are wel looking at S1, or is too bearish atm.

Just wanted tio float that idea

ST
Gold is in its summer dip before the fall rally before the asian holidays...gold should be thought of as in INVESTMENT for longer term trading. Remember what i tell you about this....in a few months CNBC and everyone else is going to tell you what i just said! Gold will prob go down to around 1435.00 or maybe alittle low like 1400.00 before it goes back up...of course this is not over night people...it will take a few months!
  • #3,168
  • Jun 24, 2011 7:28am Jun 24, 2011 7:28am
Thx Dredd, i was trying to remember where i had heard that CBNC thing, just couldnt work out where

ST

Quoting Dredding82
Gold is in its summer dip before the fall rally before the asian holidays...gold should be thought of as in INVESTMENT for longer term trading. Remember what i tell you about this....in a few months CNBC and everyone else is going to tell you what i just said! Gold will prob go down to around 1435.00 or maybe alittle low like 1400.00 before it goes back up...of course this is not over night people...it will take a few months!
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,169
  • Jun 24, 2011 7:48am Jun 24, 2011 7:48am
its going well today

the gu did hit its tp..ste the rules stick to the rules

GU +6% and about to go short if the red has stays
UC +15%
EU +7% and long from 1.4221
AU -5%

ROC +23%

cheers all

P
  • #3,170
  • Jun 24, 2011 9:05am Jun 24, 2011 9:05am
Quoting Paulus
its going well today

the gu did hit its tp..ste the rules stick to the rules

GU +6% and about to go short if the red has stays
UC +15%
EU +7% and long from 1.4221
AU -5%

ROC +29%

cheers all

P
GU +6%
UC +15% just long from 0.9819
EU +7% +6%
AU -5%

ROC +23%

cheers all
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  • #3,171
  • Jun 24, 2011 9:11am Jun 24, 2011 9:11am
Quoting Paulus
GU +6%
UC +15% just long from 0.9819
EU +7% +6%
AU -5%

ROC +23%

cheers all
You're actually on +29% Paulus but what's 6% between friends ha ha
  • #3,172
  • Jun 24, 2011 9:21am Jun 24, 2011 9:21am
Quoting tritan
You're actually on +29% Paulus but what's 6% between friends ha ha
ah well Im no on 39%....


GU +6%
UC +15% +10%
EU +7% +6%
AU -5%

ROC +39%
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  • #3,173
  • Jun 24, 2011 10:06am Jun 24, 2011 10:06am
Just come back to find ive missed a lot of action today.

Gold and G/CHF both failed pivot today on my charts, Dow failed R1, and the poor old euro has failed 1.43, pivot and broken 1.42 to hit FIB S1.

Im knacked but hope you are traded well today

Have a good w/e everybody

ST
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,174
  • Jun 24, 2011 10:37am Jun 24, 2011 10:37am
Quoting speedtrip
Just come back to find ive missed a lot of action today.

Gold and G/CHF both failed pivot today on my charts, Dow failed R1, and the poor old euro has failed 1.43, pivot and broken 1.42 to hit FIB S1.

Im knacked but hope you are traded well today

Have a good w/e everybody

ST
Its been a good day..cannot get gold on my Mt4 although ny sb does it.....
P
  • #3,175
  • Jun 24, 2011 10:52am Jun 24, 2011 10:52am
Paulus... Cantor Fitzgerald do Gold (Futures).

BTW, great trading to day. I've been plugging away on Demo...going to go live next week with 1% risk per trade. Will try and post my trades.

Thanks for all your posts, and of course to Dredding...beeen really helpful.

Dredd...glad to see that you look after 'single stripper moms' ... somebody has to. http://www.forexfactory.com/images/icons/icon10.gif

Have a good weekend all.

Freddi

Quoting Paulus
Its been a good day..cannot get gold on my Mt4 although ny sb does it.....
P
  • #3,176
  • Jun 24, 2011 11:01am Jun 24, 2011 11:01am
I have CF but cannot see Gold on my MT4 hmmm

Just short GU 1.5980

P
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  • #3,177
  • Jun 24, 2011 11:13am Jun 24, 2011 11:13am
Quoting Paulus
ah well Im no on 39%....


GU +6%
UC +15% +10%
EU +7% +6%
AU -5%

ROC +39%
This is an awesome system! I want to say thanks again to Dred - I tried to be profitable as a trader since 1,5 years... and it seems now with your system it is possible for me. Thanks!!! Also I want also to thank you, Paulus. Your way of trading this system helped me a lot. This week I made over 100% on my demotrading. It is unbelievable to me. Next month I plan to go live with a small account (I read your post, dred...). Thanks for all the support and the new confidence.

Mark
  • #3,178
  • Jun 24, 2011 11:21am Jun 24, 2011 11:21am
Quoting Wido24
This is an awesome system! I want to say thanks again to Dred - I tried to be profitable as a trader since 1,5 years... and it seems now with your system it is possible for me. Thanks!!! Also I want also to thank you, Paulus. Your way of trading this system helped me a lot. This week I made over 100% on my demotrading. It is unbelievable to me. Next month I plan to go live with a small account (I read your post, dred...). Thanks for all the support and the new confidence.

Mark
Just remember you must manage your money properly! High Risk= High Return, but can also give you big losers if you are not careful. There is nothing better then the first time you double your account....but dont be cocky and start taking trades that dont meet the rules for entry.
  • #3,179
  • Jun 24, 2011 11:23am Jun 24, 2011 11:23am
Took this trade hours ago but soon as i took it i took a nap so didnt post it then....it is in profit, prob will close it in a min since its an intraday trade which i do not hold over the weekends most times. In first pic is when i took it for proof and the second is the trade now with SL set to BE.
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  • #3,180
  • Jun 24, 2011 11:34am Jun 24, 2011 11:34am
Quoting freddi
Paulus... Cantor Fitzgerald do Gold (Futures).

BTW, great trading to day. I've been plugging away on Demo...going to go live next week with 1% risk per trade. Will try and post my trades.

Thanks for all your posts, and of course to Dredding...beeen really helpful.

Dredd...glad to see that you look after 'single stripper moms' ... somebody has to. http://www.forexfactory.com/images/icons/icon10.gif

Have a good weekend all.

Freddi
Thats right....someone has too! lol
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