Price Action Trading with Indicators! The Freebie System | Page 167 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #3,321
  • Jun 29, 2011 8:15am Jun 29, 2011 8:15am
I used H1 today on Oil and worked really well but i exited ahead of my TP because I looked at the screen. If I had not I would have hit my target

Today +5.9% (2 trades)
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,322
  • Jun 29, 2011 10:37am Jun 29, 2011 10:37am
Quoting AndreyBecker
results for today so far:

EU: -3,9%; +14,8%
GU: long from 1.6031
AU:
UC: +9,6%

total: +19,5%

cheers
Andrey,

what leverage are you using ? 20% in one day is wild.
  • #3,323
  • Jun 29, 2011 10:43am Jun 29, 2011 10:43am
Quoting Traderlarry
Andrey,

what leverage are you using ? 20% in one day is wild.
If you think thats wild you should look at Paulus' posts They take 5% risk per trade, well I know Paulus does.
  • #3,324
  • Jun 29, 2011 11:08am Jun 29, 2011 11:08am
Quoting Traderlarry
Andrey,

what leverage are you using ? 20% in one day is wild.
donīt know... my sl is always 5% and tp is 5%-15% .. yes, ohammond is right, paulus has really fantastic results... earlier i didnīt believe, that 10, 20% are possible, but i know it now... sometime it can be more, sometimes less, but all in one you can make 20-30% per day in average.. ;-)

cheers
  • #3,325
  • Jun 29, 2011 11:49am Jun 29, 2011 11:49am
3 good swaps 1 bad

20 year Son who is ill with glandular fever and my daughter broke her wrist today...hmmmm they say things come in threes I may just hit my thumb with a hammer and get it over with !

GU -5-5+5 = -5%
UC +15%
EU -5-5+15+5+5 = + 15% and short from 1.4417
AU = +5-5+10 = +10%

ROC +35%

Dont forget if your 20% up on 2 trades thats not 20% risk..you risked 5% per trade..thats your max loss or risk

Wd to positive % figures

Cheers

P
  • #3,326
  • Jun 29, 2011 11:54am Jun 29, 2011 11:54am
Quoting Paulus
3 good swaps 1 bad

20 year Son who is ill with glandular fever and my daughter broke her wrist today...hmmmm they say things come in threes I may just hit my thumb with a hammer and get it over with !

GU -5-5+5 = -5%
UC +15%
EU -5-5+15+5+5 = + 15% and short from 1.4417
AU = +5-5+10 = +10%

ROC +35%

Dont forget if your 20% up on 2 trades thats not 20% risk..you risked 5% per trade..thats your max loss or risk

Wd to positive % figures

Cheers

P
great result, paulus! can you please post some charts again? need to compare )
  • #3,327
  • Jun 29, 2011 12:30pm Jun 29, 2011 12:30pm
Quoting AndreyBecker
EDIT:

EU: +5,4%
GU: -4,8%

total: +20,1%

hmm... really frustrated at the moment... -15% for today... from 20%!!!!
  • #3,328
  • Jun 29, 2011 12:56pm Jun 29, 2011 12:56pm
Quoting AndreyBecker
hmm... really frustrated at the moment... -15% for today... from 20%!!!!
Set a daily goal....once you hit that goal....STOP TRADING! GREED is what blows a new traders account not the system.
  • #3,329
  • Jun 29, 2011 1:29pm Jun 29, 2011 1:29pm
Quoting Dredding82
Set a daily goal....once you hit that goal....STOP TRADING! GREED is what blows a new traders account not the system.
youīre right at the end i was a little bit greedy.. i wanted to have the same results as paulus, but iīm not ready for it...
  • #3,330
  • Jun 29, 2011 1:32pm Jun 29, 2011 1:32pm
Quoting AndreyBecker
youīre right at the end i was a little bit greedy.. i wanted to have the same results as paulus, but iīm not ready for it...

You should NEVER care about what other traders are making or the resluts! you need to only care that YOU are making returns...and your account is growing with minimal drawdown.
  • #3,331
  • Jun 29, 2011 3:32pm Jun 29, 2011 3:32pm
Closed 1st trade on EURJPY daily chart for +100 pips. Moved sl tp +15 and letting my second trade run. 100 pips is my weekly goal. May look for a small trade for long weekend fun money...
Attached Image (click to enlarge)
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  • #3,332
  • Jun 29, 2011 3:42pm Jun 29, 2011 3:42pm
Quoting AndreyBecker
donīt know... my sl is always 5% and tp is 5%-15% .. yes, ohammond is right, paulus has really fantastic results... earlier i didnīt believe, that 10, 20% are possible, but i know it now... sometime it can be more, sometimes less, but all in one you can make 20-30% per day in average.. ;-)

cheers
My goal is 20%...per week.

But per day, wow...I couldn't pull the trigger with that much heat on each and every trade.

Will keep a close look at this thread...I trade my own method but you can always learn a new trick or two.
  • #3,333
  • Jun 29, 2011 3:52pm Jun 29, 2011 3:52pm
Quoting Traderlarry
My goal is 20%...per week.

But per day, wow...I couldn't pull the trigger with that much heat on each and every trade.

Will keep a close look at this thread...I trade my own method but you can always learn a new trick or two.
yes, of course.. i have read some threads here and in my opinion it is on of the best or maybe the best and easiest threads here... you could learn a lot of thinks von dred, paulus and other members ;-)

cheers
  • #3,334
  • Jun 29, 2011 4:23pm Jun 29, 2011 4:23pm
Quoting Traderlarry
My goal is 20%...per week.

But per day, wow...I couldn't pull the trigger with that much heat on each and every trade.

Will keep a close look at this thread...I trade my own method but you can always learn a new trick or two.
Paulus and some others like higher risk(5%) per trade....i only risk 1%-2%(or less) on my trades so that the total = 5% for all my trades. Most times i have 2-5 trades open at once.
  • #3,335
  • Jun 29, 2011 4:25pm Jun 29, 2011 4:25pm
Quoting prof8t
Closed 1st trade on EURJPY daily chart for +100 pips. Moved sl tp +15 and letting my second trade run. 100 pips is my weekly goal. May look for a small trade for long weekend fun money...
GREAT TRADE! I made over 100 pips before London even opened so i called it aday since i already hit my daily % goal. I did take a few trades other then the ones that gave me my daily % goal but when i do that i cut my lot sizes WAY down so i do NOT lose any profits i need to keep myself on track.
  • #3,336
  • Jun 29, 2011 5:04pm Jun 29, 2011 5:04pm
Quoting DizzleFX
Because of work, I only get to play the Aus/Asian market and im not getting much action. Im just curious if anyone is having any luck with those markets, if so what pairs. Might need to just try a higher time frame.
You may consider trading daily TF. I myself do full time job and therefore trade daily TF. I attached my yesterday's trade as an example.
Attached Image(s) (click to enlarge)
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Forex is boring but profitable with patience and discipline
  • #3,337
  • Jun 29, 2011 9:44pm Jun 29, 2011 9:44pm
Quoting prftablefool
You may consider trading daily TF. I myself do full time job and therefore trade daily TF. I attached my yesterday's trade as an example.
Im looking into it. Hopefully i can get some better trades. Any tips or suggestions?
Damn The Torpedoes, Full Speed Ahead!
  • #3,338
  • Jun 29, 2011 10:31pm Jun 29, 2011 10:31pm
Took this a little while ago....Trend was down....Risk:Reward was there already hit 1:3 so i moved to BE then locked in some.....PROFITS..............
Attached Image (click to enlarge)
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  • #3,339
  • Jun 29, 2011 10:40pm Jun 29, 2011 10:40pm
Making it look to easy Dredd
Damn The Torpedoes, Full Speed Ahead!
  • #3,340
  • Jun 29, 2011 10:41pm Jun 29, 2011 10:41pm
Im waiting for the retracement to place a buy order on the Usd/Chf.
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