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Price Action Trading with Indicators! The Freebie System

  • #3,241
  • Jun 27, 2011 5:20am Jun 27, 2011 5:20am
Quoting oblo
I mean, if we take into the count the pink and yellow semafors only. Please look the pic below. Otherwise I cannot see the point of a zz semafor instead of a normal zigzag indi.

To me all semaphors are equal I do not differentiate between longer term ZZ swings,..... I use all for the count

you can use normal ZZ but this ind leave a dot to make the count easier

hope that helps

P
  • #3,242
  • Jun 27, 2011 5:28am Jun 27, 2011 5:28am
A quick update shaky start 3 x 5% losers but just click and carry on....

GU +15%
UC no trade
Gold -5% long from 1497.1
EU -5% +8%
AU -5%

ROC + 8%

P
  • #3,243
  • Jun 27, 2011 6:11am Jun 27, 2011 6:11am
Quoting Paulus
A quick update shaky start 3 x 5% losers but just click and carry on....

GU +15%
UC no trade
Gold -5% long from 1497.1
EU -5% +8%
AU -5%

ROC + 8%

P
I did'nt take the GU with my pivots... because after the semaphore it took 10(!) bars to be higher than my pivotline. Would you still take such a trade? Atm I look only for entrys, that appear after max. 3 bars after the semaphore... but so I missed the GU-Move...

So I'm at ROC -3,5% atm
  • #3,244
  • Jun 27, 2011 6:16am Jun 27, 2011 6:16am
Quoting Wido24
I did'nt take the GU with my pivots... because after the semaphore it took 10(!) bars to be higher than my pivotline. Would you still take such a trade? Atm I look only for entrys, that appear after max. 3 bars after the semaphore... but so I missed the GU-Move...

So I'm at ROC -3,5% atm

No it has to break the pivot on the HA bar you dont just wait for it to break a pivot it has to be done all on the same bar...see my chart with thr ed vertical line

P
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  • #3,245
  • Jun 27, 2011 6:40am Jun 27, 2011 6:40am
Quoting Paulus
No it has to break the pivot on the HA bar you dont just wait for it to break a pivot it has to be done all on the same bar...see my chart with thr ed vertical line

P
Okay, thx. Then there was no trade at all for me on the GU...
  • #3,246
  • Jun 27, 2011 8:23am Jun 27, 2011 8:23am
Quoting Paulus
A quick update shaky start 3 x 5% losers but just click and carry on....

GU +15%
UC no trade
Gold -5% long from 1497.1
EU -5% +8%
AU -5%

ROC + 8%

P
GU +15%
UC no trade
Gold -5% long from 1497.1
EU -5% +8% short from 1.4206
AU -5%

Gold frustrating wide pivots from Fridays moves means gold has to move quite a bit and 15% may be to ambitious..I may cap at 10% for gold untill Im more experienced with its volatility..has been up to 10% but currently at around break even at mo

P

Ps chart below is EU trade
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  • #3,247
  • Jun 27, 2011 8:35am Jun 27, 2011 8:35am
the blue line represents 15% gain on this trade I needed 66 it hit a low of 65..

I try not to close early in fact the only time i do it is if Im going out or to bed I dont like leaving trades without me having the ability to look in now and then

cheers

P
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  • #3,248
  • Jun 27, 2011 8:42am Jun 27, 2011 8:42am
Quoting Paulus
GU +15%
UC no trade
Gold -5% long from 1497.1
EU -5% +8% short from 1.4206
AU -5%

Gold frustrating wide pivots from Fridays moves means gold has to move quite a bit and 15% may be to ambitious..I may cap at 10% for gold untill Im more experienced with its volatility..has been up to 10% but currently at around break even at mo

P

Ps chart below is EU trade

Hi Paulus,

Frustating day today so far. Didn't get the early 1:3 on the GU as my pivots didn't signal a trade so am down -4% today but still in same eu trade as you short. Just a quick question if you don't mind. In your eu chart I highlighted a valid signal (in my mind).. i.e higher low, brown semafor, bounce off pivot and HA gone white. Not much room above but in these cases I go for 1:1. Do you consider this a risky trade as you did not take it?

Balrog.
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  • #3,249
  • Jun 27, 2011 8:49am Jun 27, 2011 8:49am
Quoting balrog
Hi Paulus,

Frustating day today so far. Didn't get the early 1:3 on the GU as my pivots didn't signal a trade so am down -4% today but still in same eu trade as you short. Just a quick question if you don't mind. In your eu chart I highlighted a valid signal (in my mind).. i.e higher low, brown semafor, bounce off pivot and HA gone white. Not much room above but in these cases I go for 1:1. Do you consider this a risky trade as you did not take it?

Balrog.

Ive looked at many signals like this and the results are not good I need at least 2 clear candles between semaphore circles... we need some sort of pull back or rally 2 circles over 2 bars is just way to tight and represents the action of just 1 candle over another I need 2 clear so 4 inc semaphore esp on a trend continuation like like ..to be honest I shouldnt of taken the short as it didnt qaulify either
cheers

P
  • #3,250
  • Jun 27, 2011 9:23am Jun 27, 2011 9:23am
Quoting Paulus
Ive looked at many signals like this and the results are not good I need at least 2 clear candles between semaphore circles... we need some sort of pull back or rally 2 circles over 2 bars is just way to tight and represents the action of just 1 candle over another I need 2 clear so 4 inc semaphore esp on a trend continuation like like ..to be honest I shouldnt of taken the short as it didnt qaulify either
cheers

P
Thanks Paulus for your reply. It's an interesting point.. so it was the semafor above the signal candle that stopped you from making the trade. I hadn't worried before if I get a semafor on a signal candle as it can be replaced on the next candle in a continuation of the trend. In any case it was a loss for me and the next short on eu was also a loss


Balrog.
  • #3,251
  • Jun 27, 2011 9:30am Jun 27, 2011 9:30am
Quoting balrog
Thanks Paulus for your reply. It's an interesting point.. so it was the semafor above the signal candle that stopped you from making the trade. I hadn't worried before if I get a semafor on a signal candle as it can be replaced on the next candle in a continuation of the trend. In any case it was a loss for me and the next short on eu was also a loss


Balrog.
i took the two trades too.. not a good day today
  • #3,252
  • Jun 27, 2011 9:42am Jun 27, 2011 9:42am
Quoting AndreyBecker
i took the two trades too.. not a good day today
Only one success for me today unfortunately.. a couple of good trades could get me back in it though

Balrog.
  • #3,253
  • Jun 27, 2011 11:50am Jun 27, 2011 11:50am
Quoting Paulus
GU +15%
UC no trade
Gold -5% long from 1497.1
EU -5% +8% short from 1.4206
AU -5%

Gold frustrating wide pivots from Fridays moves means gold has to move quite a bit and 15% may be to ambitious..I may cap at 10% for gold untill Im more experienced with its volatility..has been up to 10% but currently at around break even at mo

P
Yep tough day thats for sure didnt get my 15% on gold and my EU made 13% then reversed..

GU +15%
UC no trade
Gold -5% -5%
EU -5% +8% -5% short from 1.4271
AU -5%-5%

ROC = - 7%

Gold is new to me I would be up by 3% but for the 2 trades on gold but will give it this week to see what the volatility is like

could of easily been = +18% but that's the way it goes

P
  • #3,254
  • Jun 27, 2011 12:19pm Jun 27, 2011 12:19pm
Quoting Paulus
Yep tough day thats for sure didnt get my 15% on gold and my EU made 13% then reversed..

GU +15%
UC no trade
Gold -5% -5%
EU -5% +8% -5% short from 1.4271
AU -5%-5%

ROC = - 7%

Gold is new to me I would be up by 3% but for the 2 trades on gold but will give it this week to see what the volatility is like

could of easily been = +18% but that's the way it goes

P
Hey Paulus, it's tough but I'm hoping to bounce back during the rest of the week.. That missed trade on the gu that you had for 15% was costly for me today (didn't get a signal on my pivots) plus I went and had a loser on the gu later on. Risking 1% per trade I'm down currently approx 6%. Short on AU at the moment hopng to recover some losses. My worst day in a quite a while.

Balrog.
  • #3,255
  • Jun 27, 2011 12:20pm Jun 27, 2011 12:20pm
Quoting Paulus
Yep tough day thats for sure didnt get my 15% on gold and my EU made 13% then reversed..

GU +15%
UC no trade
Gold -5% -5%
EU -5% +8% -5% short from 1.4271
AU -5%-5%

ROC = - 7%

Gold is new to me I would be up by 3% but for the 2 trades on gold but will give it this week to see what the volatility is like

could of easily been = +18% but that's the way it


P
as simple as that.
  • #3,256
  • Jun 27, 2011 12:48pm Jun 27, 2011 12:48pm
Today as been a killer day! once again like most days for me so i really dont see it being tough as most have said. If you have had losers today, go back when the day is over and look over your trades. Check to make sure you followed the rules...ALL OF THEM....Looking over past trades that worked out or did not work out will help you understand how to use a system even better then just looking at others trades.
  • #3,257
  • Jun 27, 2011 1:49pm Jun 27, 2011 1:49pm
Quoting Paulus
Yep tough day thats for sure didnt get my 15% on gold and my EU made 13% then reversed..

GU +15%
UC no trade
Gold -5% -5%
EU -5% +8% -5% short from 1.4271
AU -5%-5%

ROC = - 7%

Gold is new to me I would be up by 3% but for the 2 trades on gold but will give it this week to see what the volatility is like

could of easily been = +18% but that's the way it goes

P

ok.. my au trade was a loser so -7% approx for the day.. Not pretty and all pairs are flat or in between pivots since London close so I'm not risking any more today. Finished early last Friday because I had a good start and today feels like it's been a battle (serves me right). Need a couple of good days to get things back on track this week. Here's my worst chart from today.

Balrog.
Attached Image (click to enlarge)
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  • #3,258
  • Jun 27, 2011 1:57pm Jun 27, 2011 1:57pm
Quoting balrog
ok.. my au trade was a loser so -7% approx for the day.. Not pretty and all pairs are flat or in between pivots since London close so I'm not risking any more today. Finished early last Friday because I had a good start and today feels like it's been a battle (serves me right). Need a couple of good days to get things back on track this week. Here's my worst chart from today.

Balrog.
What was the Daily Range for EurUsd(159 pips).....It had NO room to go up anymore and only the US market is open so volume is dying......So thats prob why the trade did NOT work out for you.
  • #3,259
  • Jun 27, 2011 2:05pm Jun 27, 2011 2:05pm
Quoting Dredding82
What was the Daily Range for EurUsd(159 pips).....It had NO room to go up anymore and only the US market is open so volume is dying......So thats prob why the trade did NOT work out for you.
Sorry Dredding I don't quite get you there!! Do you mean the last trade on the eurusd chart? If you do then that was a short trade which failed. My AU trade was also a short and that failed too.

Balrog.
  • #3,260
  • Jun 27, 2011 2:41pm Jun 27, 2011 2:41pm
Hi guys!

I have a little problem with my PivotsForFreebie indicator. I tried everything, what i can do, but still nothing!
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