Price Action Trading with Indicators! The Freebie System | Page 186 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #3,701
  • Jul 11, 2011 7:19am Jul 11, 2011 7:19am
Quoting Dredding82
Well EurUsd,GbpUsd and UsdCad have all reached there DAILY RANGE...or very close to it...so im closing my positions and calling it a day! No need to trade anymore when profits(%goal) has been made already.


Hope everyone had a KILLER day on this EASY TA trading day...
Got up extra early, before I have to go to work, in hopes I could get a trade in! Guess next time I will have to get up even earlier, if I want to get any action at all.
Damn The Torpedoes, Full Speed Ahead!
  • #3,702
  • Edited 8:54am Jul 11, 2011 8:15am | Edited 8:54am
Had trailing stop and profits taken at 1:2
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd 07 11.gif Size: 38 KB
No man is free who is not a master of himself. -P.M.-
  • #3,703
  • Jul 11, 2011 8:24am Jul 11, 2011 8:24am
EURUSD M5, came back to test the low near 1.4025 and stopped at higher low. Bought 1.4041, SL 16 pips TP 20 pips. Price playing around just under TP at the moment.
To free Gazans of Hamas, use whatever it takes.
  • #3,704
  • Jul 11, 2011 8:53am Jul 11, 2011 8:53am
Quoting DrDave
EURUSD M5, came back to test the low near 1.4025 and stopped at higher low. Bought 1.4041, SL 16 pips TP 20 pips. Price playing around just under TP at the moment.
With all due respect Dr D, what's this got to do with this method. Surely you've just counter trend traded before the close of the 5m candle and without HA turning bullish. Hoping your TP is hit obviously but its a bit of a gamble.
  • #3,705
  • Jul 11, 2011 9:07am Jul 11, 2011 9:07am
Update:

- GBP/USD: -21 pips
- USD/CAD: -15 pips
- AUD/USD: -2 pips (close this trade by mistake)
- EUR/CHF: + 61 pips

Total: +23 pips

I am constantly adapting the system to my own personality, I think everyone should do that. For now:

System: Dredding

Version: Paulus

TF: M5

Pairs: EUR/USD, EUR/JPY, EUR/CHF, EUR/GBP, USD/CAD (I know, I know, it works on any TF, any pair but I feel much more comfortable trading pairs that I like and EUR pairs could make beautifull movements these months: Greece, Portugal, Italy, Spain.......)

Schedule (Frankfurt Time):
8h00-8h45
9h00-13h45
15h00-ADR

I donīt like to overlap sessions.

And thanks to Iamfx for his EA and Script, highly recommended if you want to risk a fix % of your account, it works perfect.....
  • #3,706
  • Jul 11, 2011 9:15am Jul 11, 2011 9:15am
Ranging market.... so sad


Gbp/Usd: -5% -5%

Eur/Usd: 10%

Aud/Usd: 7% , -5%

Usd/cad : -5%



Quoting frontline141
slow moving today.........

result in 5mins trading

Gbp/Usd: -5%

Eur/Usd: 10%

Currently shorting Aud/ESD

reading the charts, I found that if trading in 15mins with tailing stop would make a great result too !

happy trading !
  • #3,707
  • Jul 11, 2011 9:53am Jul 11, 2011 9:53am
Possible Long trade USD/CAD, M5, waiting for green HA.......
  • #3,708
  • Jul 11, 2011 9:55am Jul 11, 2011 9:55am
Quoting Caillou
Possible Long trade USD/CAD, M5, waiting for green HA.......

If your use the current TFs trend..HH or LL...you would be looking for shorts since it has made a LL...
  • #3,709
  • Jul 11, 2011 9:58am Jul 11, 2011 9:58am
Quoting Dredding82
If your use the current TFs trend..HH or LL...you would be looking for shorts since it has made a LL...
I only use semafors for trend, it has made a LH in my chart.....
  • #3,710
  • Jul 11, 2011 10:00am Jul 11, 2011 10:00am
Quoting Caillou
I only use semafors for trend, it has made a LH in my chart.....
I know this...so do i...if you read my #1 post you will see i use HH or LL for my trend..all the indicators i have added were for the new people that can not see a HH or a LL
Attached Image (click to enlarge)
Click to Enlarge Name: cad.jpg Size: 98 KB
  • #3,711
  • Jul 11, 2011 10:03am Jul 11, 2011 10:03am
Quoting Dredding82
I know this...so do i...if you read my #1 post you will see i use HH or LL for my trend..all the indicators i have added were for the new people that can not see a HH or a LL
I didnīt have your last Top Semafor when I enter the trade, my last semafor was at the bottom.....
  • #3,712
  • Jul 11, 2011 10:04am Jul 11, 2011 10:04am
i'm done today... feel so sad, wasted a whole day. hope its better tmw
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 130 KB
Click to Enlarge Name: cad.jpg Size: 138 KB
Click to Enlarge Name: eur.jpg Size: 117 KB
Click to Enlarge Name: gbp.jpg Size: 129 KB
  • #3,713
  • Jul 11, 2011 10:08am Jul 11, 2011 10:08am
Quoting frontline141
i'm done today... feel so sad, wasted a whole day. hope its better tmw


it wasnīt a good day for us.. will be better tomorrow! .... as last week too
  • #3,714
  • Jul 11, 2011 10:08am Jul 11, 2011 10:08am
Quoting Caillou
I didnīt have your last Top Semafor when I enter the trade, my last semafor was at the bottom.....

well all this doesnt matter any ways...my point is the Daily Range has been hit was trying to load the pic and type on it which made me forget in the last post.......DONT TRADE that PAIR.......it will more then likely stall there(range) or reverse.
  • #3,715
  • Jul 11, 2011 10:13am Jul 11, 2011 10:13am
Quoting Dredding82
well all this doesnt matter any ways...my point is the Daily Range has been hit was trying to load the pic and type on it which made me forget in the last post.......DONT TRADE that PAIR.......it will more then likely stall there(range) or reverse.

Yuppers...there it goes...Reversed..........lol

Im telling you guys...USE the Daily Range......it will help you keep more profit and keep you from trying to trade a pair when it has no room left to go.

I mean just look at today...EurUsd,GbpUsd,UsdCad,AudUsd all hit there Daily Range..Euro is being a FREAK TODAY lol 220+ pip downward move...and UsdJpy came really close to the Daily Range but hasnt hit it yet
  • #3,716
  • Jul 11, 2011 10:18am Jul 11, 2011 10:18am
Quoting AndreyBecker
it wasnīt a good day for us.. will be better tomorrow! .... as last week too

WASNT GOOD? wow your crazy. lol... I BANKED today! this was a good easy trending day...
  • #3,717
  • Jul 11, 2011 10:24am Jul 11, 2011 10:24am
Quoting Dredding82
WASNT GOOD? wow your crazy. lol... I BANKED today! this was a good easy trending day...
Yes, I know it. thats why I am sad

I am waiting reply from a new broker for opening a new account

One trade as Dredding style and one Paulus style

Autobots vs Deceptions


lol
  • #3,718
  • Jul 11, 2011 10:25am Jul 11, 2011 10:25am
Quoting Dredding82
WASNT GOOD? wow your crazy. lol... I BANKED today! this was a good easy trending day...
i mean 5min style be honest, you have nearly always THE DAYS, dred.. how many loser days you had in the last 3 monthes? 2, 1, no loser days?
  • #3,719
  • Jul 11, 2011 10:27am Jul 11, 2011 10:27am
Quoting Dredding82
Yuppers...there it goes...Reversed..........lol

Im telling you guys...USE the Daily Range......it will help you keep more profit and keep you from trying to trade a pair when it has no room left to go.
My first day in front of candles after holiday. Looked a bit distracting for a moment after 3 weeks break , but Im getting a hang of it.
I slept late today and almost all the pairs were already within their daily range limits so no trades for me today.

A question to you Dredd. If you feel like trading or if youre not able to trade at a proper time, do you always wait until the new day begins (and new daily ranges) with your broker or is there some other way of dealing them if they get exceeded. I was thinking of beginning of new sessions or something like that? If daily range eg. exceeds during London well before NY open like today in many currencies, could you kind of start all over again after NY open believing that their daily range will be exceeding yours, because it starts later than mine or something....
  • #3,720
  • Jul 11, 2011 10:30am Jul 11, 2011 10:30am
Quoting AndreyBecker
i mean 5min style be honest, you have nearly always THE DAYS, dred.. how many loser days you had in the last 3 monthes? 2, 1, no loser days?
I have loser day every day.............i LOSE MY PANTS making PROFITS! lol jk

Most days i dont not have a loss or breakeven because i pick my trades wisely. Once i make my goal i quit and then just bust everyone ones balls for the rest of the day while trying to help you guys stay out of bad trades. lol
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