Price Action Trading with Indicators! The Freebie System | Page 216 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #4,301
  • Aug 3, 2011 2:02am Aug 3, 2011 2:02am
Good morning. Hard to find those longer trades. Not a single H4 this week so far. Ive been taking M15 trades instead. Im not far from my weekly target. Took USD/CAD on M15 a while a go.

I think that I have played around with freebie so long that all the pieces are coming together. Ive been thinking to extend the timeframes I trade from D1 to M15 depending on the situation and where the potential setups seem to be. I trade the shorter TFs while I have time during office hours. I also trade M5 Paulus style as a sideproject.

Last couple of weeks have been pretty good. This is a second time for me to make consistent profit with forex for a longer period of time. Maybe Im getting there
  • #4,302
  • Aug 3, 2011 2:04am Aug 3, 2011 2:04am
Quoting Whistlepips
Good morning. Hard to find those longer trades. Not a single H4 this week so far. Ive been taking M15 trades instead. Im not far from my weekly target. Took USD/CAD on M15 a while a go.

I think that I have played around with freebie so long that all the pieces are coming together. Ive been thinking to extend the timeframes I trade from D1 to M15 depending on the situation and where the potential setups seem to be. I trade the shorter TFs while I have time during office hours. I also trade M5 Paulus style as a sideproject.

Last couple of weeks...
Just stick with a TF(s) you are comfortable with....and STICK TO THE SYSTEM! how ever you trade it ...if you keep giving up on a system before it has time to work you will never make steady profits. Your on your way you just need time to enjoy the benifits of trading.
It is not hard to FIND the trades...its HARD WAITING for them to come.....
  • #4,303
  • Aug 3, 2011 2:13am Aug 3, 2011 2:13am
Quoting Dredding82
OH OK! lol i thought you ment BANK HOLIDAYS or something! LMAO I was like WTF! is he talking about...the Bank Holidays already passed for this week. Looks really nice....dont get too drunk on the beach lol

Why not ???

life is good, fantastic views


What do you want more in life??

Next year this system pays for my vacation, thats for sure

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #4,304
  • Aug 3, 2011 2:23am Aug 3, 2011 2:23am
Quoting Dredding82
Just stick with a TF(s) you are comfortable with....and STICK TO THE SYSTEM! how ever you trade it ...if you keep giving up on a system before it has time to work you will never make steady profits. Your on your way you just need time to enjoy the benifits of trading.
It is not hard to FIND the trades...its HARD WAITING for them to come.....
Thanks. I agree

I think that my system is at the moment nearly "ready". I can trade freebie with good quality now on several tf´s so the "system part" of my trading looks promising. Maybe some progress also on the other parts, because making profit now.

Just some money management issues still to be resolved and decided. Have to study and test it a little further before the decision. All the pieces of this puzzle are just about finally fitting together (atleas for now anyways).
  • #4,305
  • Aug 3, 2011 2:25am Aug 3, 2011 2:25am
Quoting Udine
Why not ???

life is good, fantastic views


What do you want more in life??

Next year this system pays for my vacation, thats for sure

Udine
Because if you have too much you might think your looking at a girl like in your picture...but you are really looking at this............
Attached Image
  • #4,306
  • Aug 3, 2011 2:25am Aug 3, 2011 2:25am
Quoting Dredding82
Look at your UsdChf chart now....Would you have hit TP? or atleast made a 1:1 Risk:Reward?

The markets WERE NOT OPEN....TO make better trades...ONLY trade a pair if the MARKET(S) for THAT pair are OPEN

So if trading any pair with JPY in it...Make sure Tokyo is open or the other market for that pair.
If a pair with Eur in it....Make sure London/Frankfurt is open or the other market for that pair.

Pairs have a better change of big moves when the BIG BANKS for that country are OPEN.....I am not saying you have to follow that...but...

this is what i was fearing..
if i would have waited this would have taken my Stop for the 20th time..

http://i1178.photobucket.com/albums/...f?t=1312356132

thank you very much for the advice sir..
i have learned a lot from your thread and great system..
  • #4,307
  • Aug 3, 2011 2:27am Aug 3, 2011 2:27am
Quoting Dredding82
Because if you have too much you might think your looking at a girl like in your picture...but you are really looking at this............

You're a very sick BASTARD

Udine
Sleep less, live fast, as it aint gonna last
  • #4,308
  • Aug 3, 2011 2:29am Aug 3, 2011 2:29am
Quoting pradeep22
this is what i was fearing..
if i would have waited this would have taken my Stop for the 20th time..



thank you very much for the advice sir..
i have learned a lot from your thread and great system..

BUT you WOULD have made atleast a 1:1 RISK:REWARD before That HAPPENED...once you made the 1:1 MOVE SL to Break EVEN....Its about Risk Management.......
  • #4,309
  • Aug 3, 2011 2:33am Aug 3, 2011 2:33am
Quoting Udine
You're a very sick BASTARD

Udine

No ....not me~ lol, It has happened to me before though!
  • #4,310
  • Aug 3, 2011 2:39am Aug 3, 2011 2:39am
Quoting Dredding82
BUT you WOULD have made atleast a 1:1 RISK:REWARD before That HAPPENED...once you made the 1:1 MOVE SL to Break EVEN....Its about Risk Management.......
the 5 trades i took today didnt reach 1:1
just hovered around my entry price..
would have had a heart attack if had not closed them..
some type of momentum is also required to catch the rite move..

but then i am a newbie and u r a master!!
u know better then i can ever do!!
  • #4,311
  • Aug 3, 2011 2:43am Aug 3, 2011 2:43am
Quoting Dredding82
No ....not me~ lol, It has happened to me before though!

Maybe you should use your 20/20 vision not only for the charts LOL

Udine
Sleep less, live fast, as it aint gonna last
  • #4,312
  • Aug 3, 2011 2:44am Aug 3, 2011 2:44am
Quoting Udine
Maybe you should use your 20/20 vision not only for the charts LOL

Udine
I was trying ....but all the drinks made me have beer goggles ON! lol
  • #4,313
  • Aug 3, 2011 2:58am Aug 3, 2011 2:58am
Quoting Dredding82
I was trying ....but all the drinks made me have beer goggles ON! lol
Life can be a bitch, then you marry one, then you die... peace at last

Udine
Sleep less, live fast, as it aint gonna last
  • #4,314
  • Aug 3, 2011 3:36am Aug 3, 2011 3:36am
Hmmmm, that 2nd down candle on the first wasn’t good for you? EURUSD H4
Well, today you can see D1 is going down, so wait for H4 to finish going up, then short it if you see a valid setup.
DrDave
Quoting Whistlepips
Good morning. Hard to find those longer trades. Not a single H4 this week so far. Ive been taking M15 trades instead. Im not far from my weekly target. Took USD/CAD on M15 a while a go.

I think that I have played around with freebie so long that all the pieces are coming together. Ive been thinking to extend the timeframes I trade from D1 to M15 depending on the situation and where the potential setups seem to be. I trade the shorter TFs while I have time during office hours. I also trade M5 Paulus style as a sideproject.

Last couple of weeks...
To free Gazans of Hamas, use whatever it takes.
  • #4,315
  • Aug 3, 2011 4:10am Aug 3, 2011 4:10am
short

http://i1178.photobucket.com/albums/...f?t=1312362509
  • #4,316
  • Aug 3, 2011 4:31am Aug 3, 2011 4:31am
Quoting Udine
WTF

You only need these kind of trades once a week and you set. You can have a life besides trading and laughing all the way to the bank.

Great trading !!l

Udine

You kidding me? My monthly target is only 400 pips. I could stop trading for the month now and be set...
  • #4,317
  • Aug 3, 2011 4:35am Aug 3, 2011 4:35am
Quoting Whistlepips
Good morning. Hard to find those longer trades. Not a single H4 this week so far. Ive been taking M15 trades instead. Im not far from my weekly target. Took USD/CAD on M15 a while a go.

I think that I have played around with freebie so long that all the pieces are coming together. Ive been thinking to extend the timeframes I trade from D1 to M15 depending on the situation and where the potential setups seem to be. I trade the shorter TFs while I have time during office hours. I also trade M5 Paulus style as a sideproject.

Last couple of weeks...

Check EUR/USD and GBP/USD. Both have had two trades on the 4-hour charts already this week. Both have a 4-hour trade that executed about an hour and a half ago.
  • #4,318
  • Aug 3, 2011 4:39am Aug 3, 2011 4:39am
Easy 75 pips in an hour...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd4h.gif Size: 18 KB
  • #4,319
  • Aug 3, 2011 4:39am Aug 3, 2011 4:39am
Quoting prof8t
You kidding me? My monthly target is only 400 pips. I could stop trading for the month now and be set...

So see you back in september ????

Udine
Sleep less, live fast, as it aint gonna last
  • #4,320
  • Aug 3, 2011 5:43am Aug 3, 2011 5:43am
Quoting prof8t
Check EUR/USD and GBP/USD. Both have had two trades on the 4-hour charts already this week. Both have a 4-hour trade that executed about an hour and a half ago.
Thanks, but I think they both were counter-trend setups atleast if I remember correctly. Now it seems that there may be several setups forming also on other currencies I trade. Not yet setups on my charts.

Thanks Dave for your analysis.

That USDCAD I took earlier hit sl.

Maybe I had the beergoggles on while taking it. Next time Dredd please do not borrow them even if I insist.
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