Price Action Trading with Indicators! The Freebie System | Page 205 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #4,081
  • Jul 27, 2011 9:41am Jul 27, 2011 9:41am
Quoting pradeep22
3 trades
usdcad - 10 pip stop 20 pip profit, stop hit, could have moved stop lower due to reluctance of price moving down but didnt do
audusd - 10 pip stop 20 pip profit, was in the money 17 pip moved stop to breakeven, stop hit, greed is not good
eurusd - 8 pip stop 16 pip profit, profit hit

such a great system this is!!
Are you using 10 pips as your default stop?
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #4,082
  • Jul 27, 2011 9:43am Jul 27, 2011 9:43am
Quoting Dredding82
Go back to yesterdays post i made to Whistlepips about the kind of returns for H4 charts....look at the pairs i had open and still do have open at this moment....how much more PROFITS am i in? lol So YES

**EDIT** For got to add the "Song".........."RIDE THAT TREND RIGHT TO THE END!" lol

http://www.youtube.com/watch?v=LiE1VgWdcQM
I bought a banjo couple of years ago and have been practising clawhammer-style playing every now and then.
I just realised whats going to be my next project, lol
  • #4,083
  • Jul 27, 2011 9:50am Jul 27, 2011 9:50am
Quoting fisheggs
Are you using 10 pips as your default stop?
stop is the top of the candle where i enter

1 trade
gbpusd - profit hit

never in my life have i executed so many trades in a day that to without stress!!
thank you dred!!
Attached Image (click to enlarge)
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  • #4,084
  • Jul 27, 2011 10:07am Jul 27, 2011 10:07am
Two trades on EU M5 today.

First one taken as rejection of 14500 level - exited at Daily Pivot.

Second entered at rejection of Daily Pivot and exited at Monthly Pivot.

Both trades had confluence with the m15chart printing a zigzag at the same point.

Thanks Dredding!
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  • #4,085
  • Jul 27, 2011 10:18am Jul 27, 2011 10:18am
So, I'll start posting my favorite trade of the day.

Today's will be on the EUR/USD.

Pips and such,
Jonathan
Attached Image (click to enlarge)
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Found a way to detect where the market will turn.
  • #4,086
  • Jul 27, 2011 10:33am Jul 27, 2011 10:33am
it seems that all are using wheelbarrels and shovels to pick up the green pips

It just shows that the forex business is the best business in the world !!

Udine
Sleep less, live fast, as it aint gonna last
  • #4,087
  • Jul 27, 2011 10:41am Jul 27, 2011 10:41am
Quoting Porkpie
I also took this at the demand level but treated it as a scalp due to euro hitting higher time frame supply against the dollar. When the euro starts weakening against the dollar and the JPY is stronger than the dollar, then this is usually reflected in the eurjpy with a weakening euro against the jpy as well. Nicely spotted though and I like how your method can be easily combined with trading supply and demand and the indicators provide a psychological tool for decision making at those levels for confirmation trades.
Thanks for this post also Porkie, I totally agree with you. I have learned a lot from you about s/d and like I said earlier Dredding system has given me a filter and confirmation on the signals I get. So it is really powerful! Thanks to both of you.
  • #4,088
  • Jul 27, 2011 7:51pm Jul 27, 2011 7:51pm
Hi Dredding in post 238 you kindly provide the latest templates and several pivots just wondering which pivots do you use ?
  • #4,089
  • Jul 27, 2011 10:39pm Jul 27, 2011 10:39pm
Quoting Stumpy1
Hi Dredding in post 238 you kindly provide the latest templates and several pivots just wondering which pivots do you use ?

Thats not hard to find out...............LOAD them on your charts only one leaves past pivots....................really does not matter since they ALL use the SAME math for the levels
  • #4,090
  • Jul 27, 2011 11:40pm Jul 27, 2011 11:40pm
Quoting Dredding82
Thats not hard to find out...............LOAD them on your charts only one leaves past pivots....................really does not matter since they ALL use the SAME math for the levels

Morning Dred,

you seem to be in a good mood

Should we be worried and call the hospital for you

Green pips to all today !!

Udine
Sleep less, live fast, as it aint gonna last
  • #4,091
  • Jul 28, 2011 12:37am Jul 28, 2011 12:37am
Quoting Udine
Morning Dred,

you seem to be in a good mood

Should we be worried and call the hospital for you

Green pips to all today !!

Udine

Got to be the effects of the visit to the strip club
  • #4,092
  • Jul 28, 2011 1:41am Jul 28, 2011 1:41am
Quoting jasjit
Got to be the effects of the visit to the strip club

I thought he only entered on friday evening and left monday morning early...

Udine
Sleep less, live fast, as it aint gonna last
  • #4,093
  • Jul 28, 2011 4:48am Jul 28, 2011 4:48am
Done for the day. Daily target reached.

Green pips to all!!

Udine
Sleep less, live fast, as it aint gonna last
  • #4,094
  • Jul 28, 2011 4:51am Jul 28, 2011 4:51am
Quoting Udine
Done for the day. Daily target reached.

Green pips to all!!

Udine

Any charts to post, Udine?
  • #4,095
  • Jul 28, 2011 4:58am Jul 28, 2011 4:58am
Quoting Delite
Any charts to post, Udine?

Hi Delite,

Sorry, but as I trade slightly differently than Dreds system, he asked me not to post any trades. I respect his wishes.

If you have any particular questions just PM me.

Green pips.

Udine
Sleep less, live fast, as it aint gonna last
  • #4,096
  • Jul 28, 2011 5:24am Jul 28, 2011 5:24am
Just took this a few mins ago...Price already moved to a 1:1 Risk:Reward so moved my SL to breakeven incase of a quick reverse.
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  • #4,097
  • Jul 28, 2011 5:26am Jul 28, 2011 5:26am
R/R 1:2,TP hit
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  • #4,098
  • Jul 28, 2011 6:33am Jul 28, 2011 6:33am
13 trades for the day so far

12 loss
1 trade below save my ass
all the above 12 trades were in profit when they started out waited for the market to reach the profit target but it hit the stop before resuming the direction of my trades...
does anyone also experiences the same??
is there any thing that can be done or this is going to happen??
any suggestions welcome

eurcad hit profit
eurusd hit stop
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd7_28.gif Size: 28 KB
  • #4,099
  • Jul 28, 2011 6:37am Jul 28, 2011 6:37am
Took early in the evening, moved stop into BE + some already.
Attached Image (click to enlarge)
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  • #4,100
  • Jul 28, 2011 7:05am Jul 28, 2011 7:05am
Feel the pips flowing

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