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Price Action Trading with Indicators! The Freebie System

  • #4,341
  • Edited 12:05pm Aug 3, 2011 11:02am | Edited 12:05pm
Quoting Udine
Well done

Show us charts !!

Udine
Thanks.
You dont get much from my charts because I use other platform to make my trades and use MT only to search and analyse them, but if you want to look at them I took E/U and E/J on M15

EJ entry around 110,20, sl last swing, tp manually around 109,65, RR around 1:1,5
EU entry around 143,20, sl last swing, tp manually around 142,70, RR little over 1:2

Other M15 trades earlier in the week also.
  • #4,342
  • Aug 3, 2011 11:29am Aug 3, 2011 11:29am
see you tomorrow for another green pip day... and last before my vacation

Udine
Sleep less, live fast, as it aint gonna last
  • #4,343
  • Aug 3, 2011 12:04pm Aug 3, 2011 12:04pm
Quoting Udine
see you tomorrow for another green pip day... and last before my vacation

Udine
You will either have a dream or a nightmare tonight, depending on which picture pops into your head; that was some funny posting there today
OPPORTUNITY IS NOWHERE
  • #4,344
  • Aug 3, 2011 6:33pm Aug 3, 2011 6:33pm
Just took this one.
Attached Image (click to enlarge)
Click to Enlarge Name: aususd0803.gif Size: 38 KB
Damn The Torpedoes, Full Speed Ahead!
  • #4,345
  • Aug 3, 2011 6:36pm Aug 3, 2011 6:36pm
OK.... so passing yesterday on the daily charts was ok with my conscience, however, turns out that all the daily chart signals made profits.

There were daily chart signals on AUDCAD, AUDUSD, EURAUD, NZDUSD, and NZDJPY. All of them cashed...
  • #4,346
  • Aug 3, 2011 6:40pm Aug 3, 2011 6:40pm
This inside bar setup produce 32 pips on the Eur/Jpy 15 minute.
Attached Image (click to enlarge)
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  • #4,347
  • Aug 3, 2011 7:08pm Aug 3, 2011 7:08pm
Yes, the counter trades can be just as lucrative... This one was good at one point for as much as +175 pips in one day. It is curently continuing to climb in day 2 of the trade.
Attached Image (click to enlarge)
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  • #4,348
  • Aug 3, 2011 7:18pm Aug 3, 2011 7:18pm
Yet another counter trend example. See how it bounced nicely off the pivot? About 150 pips now.
Attached Image (click to enlarge)
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  • #4,349
  • Aug 3, 2011 7:49pm Aug 3, 2011 7:49pm
Quoting prof8t
Yes, the counter trades can be just as lucrative... This one was good at one point for as much as +175 pips in one day. It is curently continuing to climb in day 2 of the trade.
So when would you enter that trade, as soon as the daily HA turned green, don't you wait for the bar to close?
  • #4,350
  • Aug 3, 2011 8:11pm Aug 3, 2011 8:11pm
Hi Prof8t, I noticed that you are using pivotsforfreebie. If you put commments to false in the settings that will get rid of the overlay of text in the upperleft.

BTW...nice trade,

Quoting prof8t
Yes, the counter trades can be just as lucrative... This one was good at one point for as much as +175 pips in one day. It is curently continuing to climb in day 2 of the trade.
Think Outside the Box.....
  • #4,351
  • Aug 3, 2011 8:25pm Aug 3, 2011 8:25pm
Moved my stop to B/E. Shortly after it hit my SL. Either way I got 30 pips out of it.
Damn The Torpedoes, Full Speed Ahead!
  • #4,352
  • Aug 3, 2011 11:27pm Aug 3, 2011 11:27pm
Quoting Callisto
You will either have a dream or a nightmare tonight, depending on which picture pops into your head; that was some funny posting there today

Dream

Udine
Sleep less, live fast, as it aint gonna last
  • #4,353
  • Aug 4, 2011 12:02am Aug 4, 2011 12:02am
Quoting DizzleFX
Just took this one.
Attachment
that one brought you a very nice profit

Udine
Sleep less, live fast, as it aint gonna last
  • #4,354
  • Aug 4, 2011 12:03am Aug 4, 2011 12:03am
I just made a long. It was a bad trade wasn't it?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 31 KB
  • #4,355
  • Aug 4, 2011 12:15am Aug 4, 2011 12:15am
Quoting fxtrain
I just made a long. It was a bad trade wasn't it?
Fxtrain

put this on a post-it next to your screen:

stop the bleeding: on an upday: only buy & on a down day: only sell !!

Udine
Sleep less, live fast, as it aint gonna last
  • #4,356
  • Aug 4, 2011 12:19am Aug 4, 2011 12:19am
Quoting fxtrain
I just made a long. It was a bad trade wasn't it?
Well lets look...all the HA's were RED...PRICE went BELOW a low ZZ Dot(Making LL) which means TREND change...and even your Fisher indicator is RED....so why BUY?
  • #4,357
  • Aug 4, 2011 12:21am Aug 4, 2011 12:21am
To me it looks like a big upday yesterday, now kinna like a pullback. That's why I went long...
My problem is the trend I guess.

Cannot tell what the trend is...
Quoting Udine
Fxtrain

put this on a post-it next to your screen:

stop the bleeding: on an upday: only buy & on a down day: only sell !!

Udine
  • #4,358
  • Aug 4, 2011 12:23am Aug 4, 2011 12:23am
Quoting fxtrain
To me it looks like a big upday yesterday, now kinna like a pullback. That's why I went long...
My problem is the trend I guess.

Cannot tell what the trend is...

You can try and "Guess" the bottom...but just use really small lots....but the SMART way it to let it make the breakout....then jump in on the retrace....thats the beauty of the system...if your trading the M15 but looking at the H4 for trend...Guess what! Your really trading the H4! lol Your just being smart and using a smaller TF to get in on the retrace of the HIGHER TF....
  • #4,359
  • Aug 4, 2011 12:33am Aug 4, 2011 12:33am
Yes now i see that's a pretty wreckless trade. I was looking too big of a picture. I guess I was trying to predict where price was going to go. I thought that it was a pullback..

But you said below the zz dot, did you meant this here.....



Thanks..........
Quoting Dredding82
Well lets look...all the HA's were RED...PRICE went BELOW a low ZZ Dot(Making LL) which means TREND change...and even your Fisher indicator is RED....so why BUY?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 34 KB
  • #4,360
  • Aug 4, 2011 12:53am Aug 4, 2011 12:53am
I see what you are saying now...
GU, On the 4H, it looks like prices are coming down...
So it's best to be on the short side. 15min is only to get in the 4h. Even tho it looks like a pullback on the 15 min, chances are price will go down according to the 4h chart...


Thanks, I appreciated your teaching......
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