Price Action Trading with Indicators! The Freebie System | Page 190 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #3,781
  • Jul 12, 2011 3:46am Jul 12, 2011 3:46am
Quoting Dredding82
There are tons of PAIRS to pick to trade....just find one with a low spread and trade it....if you like gold it still has room to go and so does UsdChf...im in that trade right now using the Freebie PRO System but you could look for a retrace on the M5 and jump on the wagon with me. lol
Thanks for the encouragement. Have to check them again.
  • #3,782
  • Edited 4:19am Jul 12, 2011 3:47am | Edited 4:19am
Moved my SL to BE on the UsdChf trade since it already hit a profit of 1:2 Risk:Reward...so its a free trade now and my gains are protected from any loss or DD.

**Edit** just closed 1/3 of my lots so even if it does reverse and hit SL(BE) now its still a winner!


**Edit** Took my TP off....going to turn this into a longer term trade since i already made some profits and its a free trade anyways "Let your winners RUN!"
  • #3,783
  • Jul 12, 2011 3:56am Jul 12, 2011 3:56am
Quoting Whistlepips
Thanks for the encouragement. Have to check them again.
No Prob Bob..........lol
  • #3,784
  • Jul 12, 2011 8:36am Jul 12, 2011 8:36am
Hope all are in green pip zone, as it has for me. As there have been some nice set-ups today.

I have reached my daily target so I'm done for today.

Good luck to all.

Udine
Sleep less, live fast, as it aint gonna last
  • #3,785
  • Jul 12, 2011 9:28am Jul 12, 2011 9:28am
Quoting Dredding82
BTW...for people that are wondering what PRO stands for or why i call it the "Freebie PRO System" ....Price Rejected Off....is what PRO means........lol pretty catchy right? lmao
All of your systems are PRO---
Pips Routinely Obtained


DrDave
To free Gazans of Hamas, use whatever it takes.
  • #3,786
  • Edited 10:19am Jul 12, 2011 9:38am | Edited 10:19am
Quoting DrDave
All of your systems are PRO---
Pips Routinely Obtained


DrDave
Well i called it PRO because of placing orders where price is rejected off and because its how "professional" traders trade...But yours sounds just as good! lol

On a side note ...i updated the #1 post with a H4 & D1 template for people that wish to trade the higher TFs. I also adjusted the Market indicator so that it will show the right range for the H4 or D1 TF but you have to download the indicators in the indicator file inside the zip file.
  • #3,787
  • Jul 12, 2011 1:49pm Jul 12, 2011 1:49pm
Hi all,
New to FF and been reading this thread for 3 days, I am on page 215 and playing with the charts and settings,looking for the setups.

Today I was actively looking to play this on my demo account and by the time I had the charts how I wanted them, I found this puppy. USDCAD 5 Min . TP was the S1 line, stop was 1 pip + spread above brown semafor.

What do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad mt4.gif Size: 22 KB
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #3,788
  • Jul 12, 2011 2:16pm Jul 12, 2011 2:16pm
Closed uj for 30 pips from yesterday and got a new setup this morning. Up 30 and climbing. Have 22 pip trailing stop so its a free trade.

Can't beleive what an easy and profitable system this is!!!
Attached Image (click to enlarge)
Click to Enlarge Name: uj2.gif Size: 17 KB
Think Outside the Box.....
  • #3,789
  • Edited 3:21pm Jul 12, 2011 2:58pm | Edited 3:21pm
Quoting fisheggs
Hi all,
New to FF and been reading this thread for 3 days, I am on page 215 and playing with the charts and settings,looking for the setups.

Today I was actively looking to play this on my demo account and by the time I had the charts how I wanted them, I found this puppy. USDCAD 5 Min . TP was the S1 line, stop was 1 pip + spread above brown semafor.

What do you guys think?
Well I think thats about as good as it gets. Great trade.

I on the other hand have been having an after holiday amnesia (or a hangover or wtf this is....). Been staring the charts for two days now and not a single trade so far. I had to study the method all over again today. I will be spending rest of the week on a trip to inlaws and back to business after weekend.

May the forex be with you all.

Added:
Outlaws indeed
  • #3,790
  • Jul 12, 2011 3:01pm Jul 12, 2011 3:01pm
Thanks Whistlepips and good luck with the outlaws as I call em..
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #3,791
  • Jul 12, 2011 5:23pm Jul 12, 2011 5:23pm
Quoting fisheggs
Hi all,
New to FF and been reading this thread for 3 days, I am on page 215 and playing with the charts and settings,looking for the setups.

Today I was actively looking to play this on my demo account and by the time I had the charts how I wanted them, I found this puppy. USDCAD 5 Min . TP was the S1 line, stop was 1 pip + spread above brown semafor.

What do you guys think?
Looks like a KILLER trade to me!
  • #3,792
  • Jul 12, 2011 5:30pm Jul 12, 2011 5:30pm
Took these using the Freebie PRO System..........then went to bed.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 116 KB
Click to Enlarge Name: gbp.jpg Size: 124 KB
  • #3,793
  • Jul 12, 2011 8:47pm Jul 12, 2011 8:47pm
Ended up with 100 plus pips on that last uj trade. Unreal!!!
Cant beleive it took five years for me to find a system that works
Cant say thanks enough D82........
Think Outside the Box.....
  • #3,794
  • Jul 13, 2011 1:57am Jul 13, 2011 1:57am
Quoting e-trader
Ended up with 100 plus pips on that last uj trade. Unreal!!!
Cant beleive it took five years for me to find a system that works
Cant say thanks enough D82........
Great trading man! Just dont get GREEDY....and the pips will keep coming....
  • #3,795
  • Jul 13, 2011 2:26am Jul 13, 2011 2:26am
hey there dredging, i am new to trading about one year, anyhow would like to thank you for your efforts in creating and sharing this system. just nailed +30pips on eu i am using your template in conjunction with what i understand to be PA and the great NG stratagy. God Bless. Loving it!
  • #3,796
  • Jul 13, 2011 2:55am Jul 13, 2011 2:55am
Quoting adamegreen
hey there dredging, i am new to trading about one year, anyhow would like to thank you for your efforts in creating and sharing this system. just nailed +30pips on eu i am using your template in conjunction with what i understand to be PA and the great NG stratagy. God Bless. Loving it!
Kool beans! Just dont get cocky with your trading letting GREED make you make stupid mistakes............
  • #3,797
  • Jul 13, 2011 3:04am Jul 13, 2011 3:04am
Got my piece of the pie already. Got my daily target. Done for the day. good luck to all.

Udine
Sleep less, live fast, as it aint gonna last
  • #3,798
  • Jul 13, 2011 3:05am Jul 13, 2011 3:05am
Quoting Udine
Got my piece of the pie already. Got my daily target. Done for the day. good luck to all.

Udine
  • #3,799
  • Jul 13, 2011 3:05am Jul 13, 2011 3:05am
Quoting Udine
Got my piece of the pie already. Got my daily target. Done for the day. good luck to all.

Udine

Well done! Have a good rest of the day off....
  • #3,800
  • Jul 13, 2011 3:07am Jul 13, 2011 3:07am
Quoting Dredding82
Well done! Have a good rest of the day off....

Thanks,

Will do. Greed is not in my dictionary. LOL.

Udine
Sleep less, live fast, as it aint gonna last
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