Price Action Trading with Indicators! The Freebie System | Page 192 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #3,821
  • Jul 13, 2011 1:09pm Jul 13, 2011 1:09pm
Quoting ertorque
I am currently at page 175 and have started demoing. I thought I raise this question for Paulus on his entry criterion. Say in the attached picture where the red vertical line is, we see a HA change to red. The bar corresponding to this change is the 5th candle from where the top semaphore is. Is the signal still valid?
Is there a condition that says beyond a certain number of candles from the semaphore, signal in invalidated?
I would also be grateful if anyone else would like to comment.
Thanks in advance.
It looks like your aiming for a sell. You may want to wait for a new setup being that the entry would have been 3 candles ago. Also, the euro looks like it may be gaining in strength. (might be better to wait to see a clear direction) look at your zz, it is moving under the candles on the upward swing. Looking for a short you would want it to be over those candles then wait to enter on the close of the first bearish candle. Hope this is what you were asking. Someone else may be able to make it more clear......
Think Outside the Box.....
  • #3,822
  • Edited 1:22pm Jul 13, 2011 1:16pm | Edited 1:22pm
Hey thanks ET, actually I was reading up the bit where Paulus has certain entry criteria (way back in pages below 180) and I thought if he specifically has any on the distance of candles away from the semafor before HA triggers. Had I taken a short entry at the said candle and set a 1:1 RR, I think it would have been a TP trade for me.

Once again, happy to hear from ya.
Happy trading!


Quoting e-trader
It looks like your aiming for a sell. You may want to wait for a new setup being that the entry would have been 6 candles ago. Also, the euro looks like it may be gaining in strength. (might be better to wait to see a clear direction) look at your zz, it is moving under the candles on the upward swing. Looking for a short you would want it to be over those candles then wait to enter on the close of the first bearish candle. Hope this is what you were asking. Someone else may be able to make it more clear......
  • #3,823
  • Jul 13, 2011 1:26pm Jul 13, 2011 1:26pm
Quoting ertorque
Had I taken a short entry at the said candle and set a 1:1 RR, I think it would have been a TP trade for me.

Once again, happy to hear from ya.
Happy trading!
Absolutely, you would have gotten 20 out of that downward movement.
I am new to this system as well and still learning. I find that talking through trades with other people helps with that .....
Think Outside the Box.....
  • #3,824
  • Jul 13, 2011 1:31pm Jul 13, 2011 1:31pm
Dredding, what would you say are your favourite pairs for trading this system? Or those that you most frequently trade? Thanks
  • #3,825
  • Jul 13, 2011 1:38pm Jul 13, 2011 1:38pm
Hi Dredding82,

i still junior in forexfactory, so i can't pm you. I hav go through your thread, would you possible send me those indicator about your system ?

Thank You
  • #3,826
  • Jul 13, 2011 1:47pm Jul 13, 2011 1:47pm
Quoting DanThu
Hi Dredding82,

i still junior in forexfactory, so i can't pm you. I hav go through your thread, would you possible send me those indicator about your system ?

Thank You
I would suggest you read the thread again. Everything is posted. If you read, you will find what you need.
  • #3,827
  • Jul 13, 2011 1:53pm Jul 13, 2011 1:53pm
Quoting DanThu
Hi Dredding82,

i still junior in forexfactory, so i can't pm you. I hav go through your thread, would you possible send me those indicator about your system ?

Thank You
All indis and templates are on the bottom of the first post and they are all you need. Better delete this request before D82 checks in, LOL....
Think Outside the Box.....
  • #3,828
  • Jul 13, 2011 1:53pm Jul 13, 2011 1:53pm
Uh, oh! STAND-BY!
Damn The Torpedoes, Full Speed Ahead!
  • #3,829
  • Jul 13, 2011 2:11pm Jul 13, 2011 2:11pm
Just entered both these long.....we'll see what happens

Attached Image (click to enlarge)
Click to Enlarge Name: eu4.jpg Size: 228 KB


hmmm....looks like I jumped the gun here......
Think Outside the Box.....
  • #3,830
  • Jul 13, 2011 2:20pm Jul 13, 2011 2:20pm
Quoting Dredding82
Took these using the Freebie PRO System..........then went to bed.....
Hi,

What was the outcome of these trades?
Was your stoploss hit?

Thanks
Jorge
  • #3,831
  • Jul 13, 2011 3:33pm Jul 13, 2011 3:33pm
Quoting kook
Hi,

What was the outcome of these trades?
Was your stoploss hit?

Thanks
Jorge

BS QUESTION.............Look at the PIC! the SL is right there on the fricking chart!

WOW...like 5 mofos on IGNORE for asking BS because they are lazy........OH well!
  • #3,832
  • Jul 13, 2011 3:45pm Jul 13, 2011 3:45pm
Quoting e-trader
Just entered both these long.....we'll see what happens

Attachment

hmmm....looks like I jumped the gun here......

What do i keep saying about the ADR? better rethink your trading process.....and stop letting GREED cover what is on the charts to see........Luck will only get you so far for so long..........
  • #3,833
  • Jul 13, 2011 4:19pm Jul 13, 2011 4:19pm
Quoting Dredding82
What do i keep saying about the ADR? better rethink your trading process.....and stop letting GREED cover what is on the charts to see........Luck will only get you so far for so long..........
Argggg...i know i know....not greed though. I am well beyond greed when it comes to trading. Fastest way to blow an account. I just neglected to check ADR before I took the trade. I usually dont even trade that time of day as we are almost always at the outside of the ADR.
Think Outside the Box.....
  • #3,834
  • Jul 13, 2011 5:22pm Jul 13, 2011 5:22pm
Hello

I am a 16 year old looking to get into this Forex business. I have been interested for a few months now and have just been trying different systems on demo. I have been following this thread for a couple weeks now and I'm overwhelmed to hear the ROC you guys are making. After a week of trading I am down 15 percent in my account. I have been following the rules but out of 14 trades I have lost 9. Any advice would be much appreciated.

PS: I play London time though live in Canada. Any affect to me just getting unlucky and picking up slow trades?

Thanks
  • #3,835
  • Jul 13, 2011 8:17pm Jul 13, 2011 8:17pm
Quoting jibjib210
Hello

I am a 16 year old looking to get into this Forex business. I have been interested for a few months now and have just been trying different systems on demo. I have been following this thread for a couple weeks now and I'm overwhelmed to hear the ROC you guys are making. After a week of trading I am down 15 percent in my account. I have been following the rules but out of 14 trades I have lost 9. Any advice would be much appreciated.

PS: I play London time though live in Canada. Any affect to me just getting unlucky and picking up slow...
I don't think anyone can help unless you post charts of your entries so that people can give their input. If you do that I'm sure people would be more than happy to help.
  • #3,836
  • Jul 13, 2011 8:31pm Jul 13, 2011 8:31pm
Man, tomorrow has a lot of High Impact News for the USD! Watch Out!
Damn The Torpedoes, Full Speed Ahead!
  • #3,837
  • Jul 13, 2011 8:36pm Jul 13, 2011 8:36pm
Quoting Ultimatus
Dredding, what would you say are your favourite pairs for trading this system? Or those that you most frequently trade? Thanks
I trade alot of pairs but i only post a few of the majors since that all most people care about. I trade any pair that has a setup and i am around.....
  • #3,838
  • Jul 13, 2011 8:48pm Jul 13, 2011 8:48pm
Quoting Dredding82
I trade any pair that has a setup and i am around.....
Kind of like a stripper that puts out! lol!
Damn The Torpedoes, Full Speed Ahead!
  • #3,839
  • Jul 13, 2011 8:53pm Jul 13, 2011 8:53pm
Quoting DizzleFX
Kind of like a stripper that puts out! lol!

Yuppers....How do you think they make hundreds or thousands a night? lol
  • #3,840
  • Jul 13, 2011 8:57pm Jul 13, 2011 8:57pm
Quoting Dredding82
Yuppers....How do you think they make hundreds or thousands a night? lol
I know it aint FOOD STAMPS! lol! Must be YOU!
Damn The Torpedoes, Full Speed Ahead!
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