Price Action Trading with Indicators! The Freebie System | Page 214 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Freebie 1 min trading method 1,227 replies

Naked Trading Using Price Action (No Indicators) 32 replies

Pure Price Action Trading - NO lines or indicators 49 replies

Help adding a filter to the Freebie Indicator 3 replies

EUR/USD Trading Price Action System 2 replies

Attachments: Price Action Trading with Indicators! The Freebie System
Exit Attachments

Price Action Trading with Indicators! The Freebie System

  • #4,261
  • Aug 2, 2011 5:15am Aug 2, 2011 5:15am
Quoting prof8t
All of these taken on the daily chart...

EUR/CAD - First position closed with +50. Second position now at B/E.

GBP/USD - First position closed with +50. Second position now at B/E.

EUR/USD - First position closed with +100. Second position now at B/E.

Total profit +200 with more to come hopefully.

Well done

can you please load some charts for others to learn ??

Keep the pips flowing

Udine
Sleep less, live fast, as it aint gonna last
  • #4,262
  • Aug 2, 2011 5:25am Aug 2, 2011 5:25am
Quoting Udine
Well done

can you please load some charts for others to learn ??

Keep the pips flowing

Udine
Yeah, I second this as pictures tell a 1000 words as they say. Nice trading Prof8t
  • #4,263
  • Aug 2, 2011 7:09am Aug 2, 2011 7:09am
Took this trade - still running

SL - 1.09000 (moved to BE)
TP - 1.08200

Hopefully I got the setup right this time.

Thanks for the comments Dred and DrDave. And thanks for the Indy Udine.
Attached Image (click to enlarge)
Click to Enlarge Name: m15-04.gif Size: 72 KB
  • #4,264
  • Aug 2, 2011 7:26am Aug 2, 2011 7:26am
Well as i said.....GbpUsd had a breakout.........
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 138 KB
  • #4,265
  • Aug 2, 2011 7:28am Aug 2, 2011 7:28am
Quoting jasjit
Took this trade - still running

SL - 1.09000 (moved to BE)
TP - 1.08200

Hopefully I got the setup right this time.

Thanks for the comments Dred and DrDave. And thanks for the Indy Udine.
The setup looks good but you need to be CAREFUL trading a pair after it has reached its Daily Range(ADR) ...
  • #4,266
  • Aug 2, 2011 7:50am Aug 2, 2011 7:50am
Quoting Dredding82
The setup looks good but you need to be CAREFUL trading a pair after it has reached its Daily Range(ADR) ...
Oops - forgot about the ADR again. Will add it to my checklist right now.

Thanks for the pointer Dred.

Jasjit
  • #4,267
  • Aug 2, 2011 8:02am Aug 2, 2011 8:02am
Apart from Paulus, has anyone got this to work on a M5 t/f? It is obviously good, and in fact better than good on the higher t/f. On the M5 though, there may be too much noise. Any thoughts?
  • #4,268
  • Aug 2, 2011 8:26am Aug 2, 2011 8:26am
Quoting Delite
Apart from Paulus, has anyone got this to work on a M5 t/f? It is obviously good, and in fact better than good on the higher t/f. On the M5 though, there may be too much noise. Any thoughts?
Every timeframe has noise. You just need to adjust your noise filter to match the timeframe. You know, similar to how you adjust your stop loss to match the time frame.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #4,269
  • Aug 2, 2011 9:05am Aug 2, 2011 9:05am
Quoting Delite
Apart from Paulus, has anyone got this to work on a M5 t/f? It is obviously good, and in fact better than good on the higher t/f. On the M5 though, there may be too much noise. Any thoughts?

Sorry Delite,

Cannot help you there I only work with the 15M.

I can imagine however, that if you trade the 5M in line with all the higher TF's 1H, 4H and Day, you stand a bigger chance to have a winner.

green pips.
Sleep less, live fast, as it aint gonna last
  • #4,270
  • Aug 2, 2011 10:25am Aug 2, 2011 10:25am
this time I'm buying.

Anybody interested ??
Attached Image (click to enlarge)
Click to Enlarge Name: Glen.jpg Size: 41 KB
Sleep less, live fast, as it aint gonna last
  • #4,271
  • Aug 2, 2011 10:27am Aug 2, 2011 10:27am
Quoting Udine
this time I'm buying.

Anybody interested ??

Count me in...that's good stuff
  • #4,272
  • Aug 2, 2011 10:29am Aug 2, 2011 10:29am
Quoting jasjit
Count me in...that's good stuff
It is, but this is for special occasions:
Attached Image
Sleep less, live fast, as it aint gonna last
  • #4,273
  • Aug 2, 2011 10:30am Aug 2, 2011 10:30am
You have good taste Udine, Pour me a large one )
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #4,274
  • Aug 2, 2011 10:30am Aug 2, 2011 10:30am
Quoting Udine
It is, but this is for special occasions:
I trust that's reserved for when you hit the million mark..
  • #4,275
  • Aug 2, 2011 10:33am Aug 2, 2011 10:33am
Quoting fisheggs
You have good taste Udine, Pour me a large one )

Life is too short to drink cheap (sh@t)

Udine
Sleep less, live fast, as it aint gonna last
  • #4,276
  • Aug 2, 2011 10:36am Aug 2, 2011 10:36am
Quoting jasjit
I trust that's reserved for when you hit the million mark..
NAh,

somtimes you just invent an occasion

but to be honest I have some milestones set, and this one is one of the ways to celebrate (but before reaching the 1 million mark, thats for sure !!!)

Udine
Sleep less, live fast, as it aint gonna last
  • #4,277
  • Aug 2, 2011 10:52am Aug 2, 2011 10:52am
Quoting Udine
NAh,

somtimes you just invent an occasion

but to be honest I have some milestones set, and this one is one of the ways to celebrate (but before reaching the 1 million mark, thats for sure !!!)

Udine
Excellent Udine - just keep focused on those milestones and you'll achieve them before you know it. Speaking of milestones I better sit down and get some of mine down on paper - at least as far as this new adventure is concerned. Wish you the best of luck in your trading.

Jasjit
  • #4,278
  • Aug 2, 2011 10:55am Aug 2, 2011 10:55am
Quoting jasjit
Excellent Udine - just keep focused on those milestones and you'll achieve them before you know it. Speaking of milestones I better sit down and get some of mine down on paper - at least as far as this new adventure is concerned. Wish you the best of luck in your trading.

Jasjit

thanks, If I just focus on the perfect execution of my trades I will get there faster than I expected.

they are part of the business plan I made. I have attached the template in a post I believe last saturday. It is some work but makes you think about the whole forex as a business.

It is also a way to keep you focussed and enjoying the process of getting to your goals

Udine
Sleep less, live fast, as it aint gonna last
  • #4,279
  • Aug 2, 2011 11:17am Aug 2, 2011 11:17am
see you guys.

Udine
Sleep less, live fast, as it aint gonna last
  • #4,280
  • Aug 2, 2011 7:03pm Aug 2, 2011 7:03pm
Quoting prof8t
Took these on the daily during yesterday's session...

EUGBP - SL 87 pips. Took first trade at +50 pips with the second moved to B/E and still running.

EURJPY - SL 147 pips. Took first trade at +75 pips with second moved to B/E and still running.

GBPJPY - SL 102 pips. Took first trade at +50 pips with second hitting B/E.

CADJPY - SL 157 pips. First trade has not hit target yet (50 pip target). Moved sl of both trades to 64 pips instead of the original 157 pip sl.

Daily pip total... +175 with four pending...

Update on these trades from last week...

EUGBP - Second position hit B/E

EURJPY - Second position hit target... +147

GBPJPY - Second position hit target... +102

CADJPY - First position hit target (+50). Second position hit target... +157

All positions closed after three days.

Totals for these trades...

First positions = +225 pips
Second positions = +406 pips

Total pips = 631 pips
28 traders viewing now