Price Action Trading with Indicators! The Freebie System | Page 188 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #3,741
  • Jul 11, 2011 12:35pm Jul 11, 2011 12:35pm
Quoting Dredding82
http://www.youtube.com/watch?v=dN3GbF9Bx6E
C'mon Dredding, take a break and write us a "PiP Dreaming" song! Use some of your spare pip money to get it recorded and published.

Hey, do ya think maybe Michael Jackson learned some moves from Mama Cass?

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #3,742
  • Jul 11, 2011 12:55pm Jul 11, 2011 12:55pm
Quoting DrDave
Yes, exactly it's a bit of a gamble. But considering we hit the daily range, we went to a low where there is significant old support, and we stopped at a pivot number that I use, the odds are in my favor.

If I wanted to be even MORE confident, I COULD have waited for the pullback that came a few bars later (that made a higher low) and the stoch to cross up and still made nice pips (that entry was just 10 pips above my actual entry.)

(Actually, for my entry, I checked the M1 chart and there was a little pullback on that one near my entry.)...
Good (non freebie ) trade.
  • #3,743
  • Jul 11, 2011 12:58pm Jul 11, 2011 12:58pm
Quoting Dredding82
Yes it was 20 pips away from the ADR but the ADR was already reached...so price would more then likely not go past that point and either range around that level or reverse for a pull back. Once it has been hit ...its been hit...leave it alone! Its kind of like you dating a girl and then you break up and your brother hooks up with her....Do you really want to mess with her again? Well maybe some of you would but thats just nasty! lmao
Thank you Dredding! Lesson learned. Once the ADR is reached for the first time, better to stay out.

Please don't let us alone, not me, not yet......
  • #3,744
  • Jul 11, 2011 1:02pm Jul 11, 2011 1:02pm
Quoting DrDave
C'mon Dredding, take a break and write us a "PiP Dreaming" song! Use some of your spare pip money to get it recorded and published.

Hey, do ya think maybe Michael Jackson learned some moves from Mama Cass?

DrDave
Thought you would never ask.....lmao

http://www.youtube.com/watch?v=AsRx5UjQNCA
  • #3,745
  • Jul 11, 2011 1:18pm Jul 11, 2011 1:18pm
Can anyone see why i DID NOT upload them before? LMAO!!!
  • #3,746
  • Jul 11, 2011 1:26pm Jul 11, 2011 1:26pm
http://www.youtube.com/watch?v=LiE1VgWdcQM&feature=related
  • #3,747
  • Jul 11, 2011 1:38pm Jul 11, 2011 1:38pm
WOW.....I can't believe ppl made those videos. Although the Whipsaw song had me up hopping around. lol!
Damn The Torpedoes, Full Speed Ahead!
  • #3,748
  • Jul 11, 2011 1:44pm Jul 11, 2011 1:44pm
Quoting DizzleFX
WOW.....I can't believe ppl made those videos. Although the Whipsaw song had me up hopping around. lol!

Well its a good song....it tells you the truth about trading forex....simple and easy...if people cant read and learn maybe they can listen and learn now? lol
  • #3,749
  • Jul 11, 2011 1:49pm Jul 11, 2011 1:49pm
Quoting Dredding82
Well its a good song....it tells you the truth about trading forex....simple and easy...if people cant read and learn maybe they can listen and learn now? lol
Damn The Torpedoes, Full Speed Ahead!
  • #3,750
  • Jul 11, 2011 2:00pm Jul 11, 2011 2:00pm
get your hankys out was a tough one for me.. and frustrating



EU -5-5
UC -5-5
EU no trade
AU -5+13

ROC Minus 12%

Cheers

P
  • #3,751
  • Jul 11, 2011 3:09pm Jul 11, 2011 3:09pm
Hi Paulas I like your work and your explanations and wanted to check my understanding on what you mean by HHs and LLs.

For me these are simply new HIGHs (HHs) achieved in an uptrend and vice versa for LLs in downtrend (in a given session).

In the graph related to this post I have quoted below there is a good illustration, ie BIG 3 at top (HIGH of session) followed by LHs and downtrend. Support is found at the bottom, trend reverses and you see HLS and a break of the relevant LH. You appear to call this a HH and note that it has broken the swing high of the pullback for the LH on way down. Is this break the confirmation of reveral in trend (for now) until it finds resistance and is what you mean as HH in this context.

Hope I am making sense

Speed


Quoting Paulus
My thought process of a trade on 5min

Cant get more mechanical than this

P
" Dont wait for your boat to come in ..... swim out and meet it"
  • #3,752
  • Edited 9:39pm Jul 11, 2011 7:51pm | Edited 9:39pm
Hi D82, just wanted to introduce myself and say thanks for the great system. Looks very good to me and I don't have any questions about the system. Looks simple and profitable.
Seems I can PM you. Couldnt do that before.

Thanks again, e-trader.

P.S. Trading for 5+ years......looking at some point to trade fulltime.
Think Outside the Box.....
  • #3,753
  • Jul 11, 2011 9:15pm Jul 11, 2011 9:15pm
Just took both of these trades a few candles ago.....Both in profit as of right now...EurUsd already moved like 60 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 97 KB
Click to Enlarge Name: gbp.jpg Size: 108 KB
  • #3,754
  • Jul 11, 2011 9:23pm Jul 11, 2011 9:23pm
nice movements today, good to be short running out of pivots! lol
  • #3,755
  • Jul 11, 2011 9:25pm Jul 11, 2011 9:25pm
Quoting neuron
nice movements today, good to be short running out of pivots! lol

Yups...when that happens and there is still more ADR to go just measure the distance between the pivots and draw some by hand lol
  • #3,756
  • Jul 11, 2011 9:27pm Jul 11, 2011 9:27pm
Good one dred...I missed those entries...sigh...off to bed...Will take my pips from the market tomorrow...interesting though....here I was thinking...it was time for a retracement...
No man is free who is not a master of himself. -P.M.-
  • #3,757
  • Jul 11, 2011 9:49pm Jul 11, 2011 9:49pm
Took UJ on Demo......got in late
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 26 KB
Think Outside the Box.....
  • #3,758
  • Jul 11, 2011 10:37pm Jul 11, 2011 10:37pm
Thanks D82. Took off the extra indi. As I got in late, I will probably close this if I see signs of reversal......
Think Outside the Box.....
  • #3,759
  • Jul 11, 2011 10:54pm Jul 11, 2011 10:54pm
Quoting Dredding82
Just took both of these trades a few candles ago .....Both in profit as of right now...EurUsd already moved like 60 pips
Hey Dredd, both those trades looked like they were ranging, up until you got in, how did you know they were gonna start moving?
Damn The Torpedoes, Full Speed Ahead!
  • #3,760
  • Jul 11, 2011 11:04pm Jul 11, 2011 11:04pm
Quoting DizzleFX
Hey Dredd, both those trades looked like they were ranging, up until you got in, how did you know they were gonna start moving?
The markets were OPEN lol......I didnt know they were going to move...they were at S&R and i got a signal so i took it........
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