Price Action Trading with Indicators! The Freebie System | Page 219 | 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

  • #4,361
  • Aug 4, 2011 1:54am Aug 4, 2011 1:54am
Quoting fxtrain
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..........

That would be the ZZ Dot....
  • #4,362
  • Edited 3:26am Aug 4, 2011 3:11am | Edited 3:26am
Well i have been waiting for the Bank of Japan to step in and looks like the did......Anyone else catch this KILLER TRADE?

SL would have been aroiund 13 pips...and now you would be in the BANK with almost 300 pips! Now tell me that is not Risk:Reward...if only every trade could be that WONDERFUL! lol
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.jpg Size: 115 KB
  • #4,363
  • Aug 4, 2011 3:19am Aug 4, 2011 3:19am
Quoting Dredding82
Well i have been waiting for the Bank of Japan to step in and looks like the did......Anyone catch this KILLER TRADE?
nope..
but did manage this!!!

http://i1178.photobucket.com/albums/...f?t=1312445822
  • #4,364
  • Aug 4, 2011 3:20am Aug 4, 2011 3:20am
Quoting pradeep22
nope..
but did manage this!!!

Killer TRADE! lol
  • #4,365
  • Aug 4, 2011 3:22am Aug 4, 2011 3:22am
Great trades guys!

Feeling a bit bleary eyed this AM so not trading, will trade later when I'm feeling better.
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #4,366
  • Aug 4, 2011 3:22am Aug 4, 2011 3:22am
having fun guys ???

Udine
Sleep less, live fast, as it aint gonna last
  • #4,367
  • Aug 4, 2011 4:42am Aug 4, 2011 4:42am
Quoting Udine
having fun guys ???

Udine
I bet you are after a couple of hours?

Whiskey bottle opened allready? Pour one to me also.

Have a nice one bro

See ya
  • #4,368
  • Aug 4, 2011 5:09am Aug 4, 2011 5:09am
Quoting Whistlepips
I bet you are after a couple of hours?

Whiskey bottle opened allready? Pour one to me also.

Have a nice one bro

See ya
Thanks.

I am having fun, yes.

just reached my daily target, so all fine I can go on holidays now.

The bottle is not open yet, although somewhere in the world its 17:00 Bangkok Thailand for example.

Just clearing my desk and get out of here.

I will keep lurking until 18:00 my time and then I'm off.

Green pips.

Udine
Sleep less, live fast, as it aint gonna last
  • #4,369
  • Aug 4, 2011 5:10am Aug 4, 2011 5:10am
Any one got that one ???

Udine
Sleep less, live fast, as it aint gonna last
  • #4,370
  • Aug 4, 2011 5:28am Aug 4, 2011 5:28am
Quoting Udine
Any one got that one ???

Udine
yup!!

http://i1178.photobucket.com/albums/...f?t=1312453672
  • #4,371
  • Aug 4, 2011 5:31am Aug 4, 2011 5:31am
Quoting ohammond
So when would you enter that trade, as soon as the daily HA turned green, don't you wait for the bar to close?
Yes... wait for the bar to close.
  • #4,372
  • Aug 4, 2011 6:11am Aug 4, 2011 6:11am
Sl = 187
First postition closed at +90 pips
Second position closed at +187 pips (1:1)
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.gif Size: 15 KB
  • #4,373
  • Aug 4, 2011 6:19am Aug 4, 2011 6:19am
SL = 55

Position closed at +55 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 19 KB
  • #4,374
  • Aug 4, 2011 6:23am Aug 4, 2011 6:23am
Sl = 100

First position closed with +50

Second position at B/E...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
  • #4,375
  • Aug 4, 2011 7:34am Aug 4, 2011 7:34am
Profeet / prof8t,

you're an animal

Udine
Sleep less, live fast, as it aint gonna last
  • #4,376
  • Aug 4, 2011 7:46am Aug 4, 2011 7:46am
Quoting Udine
that one brought you a very nice profit

Udine
If I would have waited a little longer to move my SL to B/E, I could have been in some serious pips. That AUSUSD went way south. I might need to wait a candle or two after it hits my B/E mark, before moving my SL next time.
Damn The Torpedoes, Full Speed Ahead!
  • #4,377
  • Aug 4, 2011 7:50am Aug 4, 2011 7:50am
Quoting DizzleFX
If I would have waited a little longer to move my SL to B/E, I could have been in some serious pips. That AUSUSD went way south. I might need to wait a candle or two after it hits my B/E mark, before moving my SL next time.

True, but fact is that you never know how long the run will be. Are you so hungry you want to eat the whole bread and not just some slices ???

Udine
Sleep less, live fast, as it aint gonna last
  • #4,378
  • Aug 4, 2011 8:04am Aug 4, 2011 8:04am
Quoting Udine
True, but fact is that you never know how long the run will be. Are you so hungry you want to eat the whole bread and not just some slices ???

Udine
I understand! I was full after just 25 pips (my daily target), but I don't mind taking left overs home! Although, moving your SL to your B/E should be pretty simple, for some reason, everytime I have done it, my SL gets hit then the keeps moving and I miss out on huge potential gains. Just trying to perfect my trading!
Damn The Torpedoes, Full Speed Ahead!
  • #4,379
  • Aug 4, 2011 8:30am Aug 4, 2011 8:30am
Quoting DizzleFX
I understand! I was full after just 25 pips (my daily target), but I don't mind taking left overs home! Although, moving your SL to your B/E should be pretty simple, for some reason, everytime I have done it, my SL gets hit then the keeps moving and I miss out on huge potential gains. Just trying to perfect my trading!
Dont move your SL....close out 1/2 your lots. If you can not close out lots because you are trading the smallest lot you can already...well your starting capital is not enough for the account type you have. Which means if you have a standard account you need to open a mini account, if already on a mini account then you need to switch to a mirco acount. Doing this you will be in a risk free trade or you can also close 1/2 of your lots and move your SL to breakeven, with this then you know for a FACT you have made profit(even if only a small %) and you are in a risk free trade.
  • #4,380
  • Aug 4, 2011 8:42am Aug 4, 2011 8:42am
Quoting Dredding82
Dont move your SL....close out 1/2 your lots. If you can not close out lots because you are trading the smallest lot you can already...well your starting capital is not enough for the account type you have. Which means if you have a standard account you need to open a mini account, if already on a mini account then you need to switch to a mirco acount. Doing this you will be in a risk free trade or you can also close 1/2 of your lots and move your SL to breakeven, with this then you know for a FACT you have made profit(even if only a small %) and...
even i am having the same problem as dizzlefx..
what a great idea of closing some position and giving room to the others..

today was a great day for me earned around 95 pips just in EU
this system has made me a winner from loser..
thank you Dred!!

http://i1178.photobucket.com/albums/...f?t=1312465282
2 traders viewing now