Price Action Trading with Indicators! The Freebie System | Page 169 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #3,361
  • Jun 30, 2011 2:24am Jun 30, 2011 2:24am
Quoting DrDave
I suspect that unless a highest-level executive sees the reality of you being their cash-cow, you won't get hired. They are already too scared of your performance because you'd make their 1-2% returns look like what they are--a JOKE!. Look what they did already: moved your thread; banned you, etc.
Yea i know ...thats why i did it as a joke...but i used my SN...Dredding82 for my name and listed the Freebie System for my trading lol
  • #3,362
  • Jun 30, 2011 2:27am Jun 30, 2011 2:27am
Come on really now....why would i want to work for someone? I quit my JOB to be a full time trader years ago...
  • #3,363
  • Edited 4:06am Jun 30, 2011 2:33am | Edited 4:06am
Decided to look at the H1 EURUSD again today. Entered based on the M15 bounce off the FIb R1. Set TP to 1:1 because I'll be away from the computer. If I see another retracement of the M15 before TP hit, I'll move up stop and move TP to around 2:1, with an eye on how close it is coming to making the daily range.

(My current daily goal is 20 pips with weekly goal of 80 pips. I stop trading for the day as soon as I complete a trade that hits the daily goal OR, as soon as I reach the weekly goal. With 20+ pips per trade on the H1, I should need to trade for 3 or at most 4 days a week.)

DrDave

Stopped out...
Attached Image (click to enlarge)
Click to Enlarge Name: H1-M15--20110630Buy.png Size: 52 KB
To free Gazans of Hamas, use whatever it takes.
  • #3,364
  • Jun 30, 2011 2:34am Jun 30, 2011 2:34am
Quoting Dredding82
Come on really now....why would i want to work for someone? I quit my JOB to be a full time trader years ago...
i think, that´s dream of everyone of us... my goal is to be a full time trade this yeas or maybe february or march


cheers
  • #3,365
  • Jun 30, 2011 2:37am Jun 30, 2011 2:37am
Quoting Dredding82
Come on really now....why would i want to work for someone? I quit my JOB to be a full time trader years ago...
Just for the fun of harassing the "trade experts" that are slaving over their terminals looking at all the pretty indicators and sweating about their results for the month while you put on your trade for the day and go have a nap. LOL
DrDave
To free Gazans of Hamas, use whatever it takes.
  • #3,366
  • Jun 30, 2011 2:44am Jun 30, 2011 2:44am
Not like todays markets on London open, might leave and come back for US open.

No trades for me so far.

Yuk

ST
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,367
  • Jun 30, 2011 2:44am Jun 30, 2011 2:44am
Quoting DrDave
Decided to look at the H1 EURUSD again today. Entered based on the M15 bounce off the FIb R1. Set TP to 1:1 because I'll be away from the computer. If I see another retracement of the M15 before TP hit, I'll move up stop and move TP to around 2:1, with an eye on how close it is coming to making the daily range.

(My current daily goal is 20 pips with weekly goal of 80 pips. I stop trading for the day as soon as I complete a trade that hits the daily goal OR, as soon as I reach the weekly goal. With 20+ pips per trade on the H1, I should need to...

I would be careful with EudUsd...it should retrace 50-100pips before it keeps going up...if the up trend continues
  • #3,368
  • Jun 30, 2011 2:48am Jun 30, 2011 2:48am
Nice move to the upside with +25 on my first position. Second position sl moved to +2 pips. Original sl was 32 pips. Second position flirting with +32 tp now. It just doesn't get any easier than this... Thanks Dred...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 18 KB
  • #3,369
  • Jun 30, 2011 2:50am Jun 30, 2011 2:50am
Quoting prof8t
Nice move to the upside with +25 on my first position. Second position sl moved to +2 pips. Original sl was 32 pips. Second position flirting with +32 tp now. It just doesn't get any easier than this... Thanks Dred...
NP prof8t....Just go with the flow and the pips shall keep coming.......
  • #3,370
  • Jun 30, 2011 3:04am Jun 30, 2011 3:04am
At first appears to be counter trend based on the MTF HA, however, reading the chart, the weekly downtrend is strongly in place. SL was 50 pips. Took first position for +25, moved second position sl to +2 pips. We'll see if it reaches the full tp of +50.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 18 KB
  • #3,371
  • Jun 30, 2011 3:20am Jun 30, 2011 3:20am
Quoting AndreyBecker
i think, that´s dream of everyone of us... my goal is to be a full time trade this yeas or maybe february or march


cheers

You will get there ....just dont think its going to happen over night and dont let the losers make you break your MM rules.
  • #3,372
  • Jun 30, 2011 3:54am Jun 30, 2011 3:54am
Quoting Dredding82
You will get there ....just dont think its going to happen over night and dont let the losers make you break your MM rules.
thanks for your support, dred!
  • #3,373
  • Jun 30, 2011 4:21am Jun 30, 2011 4:21am
Quoting Dredding82
I would be careful with EudUsd...it should retrace 50-100pips before it keeps going up...if the up trend continues
**Cough Cough** lol
  • #3,374
  • Jun 30, 2011 4:21am Jun 30, 2011 4:21am
Heres NYMEX and £CHF.

NYMEX - M3 bounce (first arrow) but missed that as too early for me. Was looking at second arrow on the pullback which is what i normally trade but that would not qualify as retrace and this would be countertend as M5 down but M15 up look up to me. Still a nice trade

£CHF - nice trade on H1 off FIB R1

ST
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nymexm5300611.gif Size: 26 KB
Click to Enlarge Name: gchfh1300611.gif Size: 37 KB
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,375
  • Jun 30, 2011 5:09am Jun 30, 2011 5:09am
Quoting Dredding82
**Cough Cough** lol
yeah, YOU DA MAN!!

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #3,376
  • Jun 30, 2011 5:17am Jun 30, 2011 5:17am
Quoting DrDave
yeah, YOU DA MAN!!

DrDave
....................
  • #3,377
  • Jun 30, 2011 6:02am Jun 30, 2011 6:02am
Hello! Dredd, you give us amazing profitable system! Thanks! Look please, if my entry was good? Price was not touch level MR1, but it almost done and there is good resistance level. My TP is on MS1. Is this right?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 24 KB
  • #3,378
  • Jun 30, 2011 6:19am Jun 30, 2011 6:19am
Quoting Dredding82
I would be careful with EudUsd...it should retrace 50-100pips before it keeps going up...if the up trend continues
When it went up and rejected Fib R2 on M15, it was a good sell just a few pips below where I had originally bought! LOL

It has hit TP 1:1, made a retracement back up to R1 and rejected it, and trying to continue down.
To free Gazans of Hamas, use whatever it takes.
  • #3,379
  • Jun 30, 2011 7:00am Jun 30, 2011 7:00am
Quoting DrDave
When it went up and rejected Fib R2 on M15, it was a good sell just a few pips below where I had originally bought! LOL

It has hit TP 1:1, made a retracement back up to R1 and rejected it, and trying to continue down.

Thats the market for ya...soon as you buy it says its time to sell lol....you have to watch out for areas of S&R on the current TF and as well as higher TFs.......
  • #3,380
  • Jun 30, 2011 7:02am Jun 30, 2011 7:02am
Quoting MozarTT
Hello! Dredd, you give us amazing profitable system! Thanks! Look please, if my entry was good? Price was not touch level MR1, but it almost done and there is good resistance level. My TP is on MS1. Is this right?

Yes it looks like it was a good setup off your charts but from mine i am still waiting to enter a new short on that pair.
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