Price Action Trading with Indicators! The Freebie System | Page 221 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #4,401
  • Aug 4, 2011 9:29pm Aug 4, 2011 9:29pm
some luck!!
both trades averaging over 250 pips!!!

http://i1178.photobucket.com/albums/...nzdusd8_05.gif


this one is still running

http://i1178.photobucket.com/albums/...nzdjpy8_04.gif
  • #4,402
  • Aug 4, 2011 10:50pm Aug 4, 2011 10:50pm
Quoting pradeep22
nope..
but did manage this!!!

http://i1178.photobucket.com/albums/...f?t=1312445822
hi, pradeep22. what make you open this Long trade? thanks. are you should be open 4 bar early?
  • #4,403
  • Aug 4, 2011 11:01pm Aug 4, 2011 11:01pm
Quoting piphat
hi, pradeep22. what make you open this Long trade? thanks. are you should be open 4 bar early?
close above pivots..
also direction, strength, divergence of stochs..
some setups just feel rite..
willing to let go off some profits if its becomes highly probable that the setup will work..
  • #4,404
  • Aug 5, 2011 1:19am Aug 5, 2011 1:19am
Quoting Nixi
I belive in 2 things in forex:
1. support & ressintens, that "creat" next day pivots.
2. round numbers - Because that's all the "fight" - the Price!!

I will be happy if you PM me, or even write here the rules and indictors YOU following them in the way for success.

cheers

nixi
Its all in the thread,Ive posted all the rules but will try and dig the posts out again

Ive posted them so many times and have discussed them so many times I would rather find the originals and re post

agree with your 2 statements ..

P
  • #4,405
  • Aug 5, 2011 1:33am Aug 5, 2011 1:33am
Great Trading Guys/Gals! Remember today is NFP Fridays! in case you forgot which i am sure alot have.......lol
  • #4,406
  • Aug 5, 2011 2:05am Aug 5, 2011 2:05am
oh my!!
i am shivering in seat..

http://i1178.photobucket.com/albums/...f?t=1312527855

http://i1178.photobucket.com/albums/...eurjpy8_05.gif
  • #4,407
  • Aug 5, 2011 2:29am Aug 5, 2011 2:29am
Quoting pradeep22
oh my!!
i am shivering in seat..
"shivering" about what?
  • #4,408
  • Aug 5, 2011 3:00am Aug 5, 2011 3:00am
Quoting Dredding82
"shivering" about what?
seeing my losses recovered on these trades..
now will quit trading..
pursue my law course, theres hell lot of money in it for me
found my holy grail!! (i.e. dont have to watch the screen and worry about trades, capital)
seriously!!
bye sir!!
thank you for being an angel!!
bye all!!
have fun take care!!
  • #4,409
  • Aug 5, 2011 3:12am Aug 5, 2011 3:12am

Why would you quite if you're doing so well?

I was going to ask how you use discretion with Stochastic? How and why do you choose when and when not to take trade when not leaving 80/20 area?
  • #4,410
  • Aug 5, 2011 6:26am Aug 5, 2011 6:26am
Since its friday and the TRENDS have been KILLER this week..But its NFP today and there is going to be a WHIPSAW for some people..Got to play the song.....

http://www.youtube.com/watch?v=LiE1VgWdcQM
  • #4,411
  • Aug 5, 2011 7:24am Aug 5, 2011 7:24am
I thought he meant he was quitting for good?

New trade entries on short TF NFP is crazy trading for retail. Stay out or get your behind beaten.
  • #4,412
  • Aug 5, 2011 8:29am Aug 5, 2011 8:29am
Quoting Goldmember
I thought he meant he was quitting for good?

New trade entries on short TF NFP is crazy trading for retail. Stay out or get your behind beaten.

It would be helpful to know exactly which post you are referring to. Otherwise you may as well be talking to yourself.
  • #4,413
  • Aug 5, 2011 8:30am Aug 5, 2011 8:30am
The prior post I was referring to before and the one Dred answered, so I thought?
  • #4,414
  • Aug 5, 2011 12:12pm Aug 5, 2011 12:12pm
Quoting Paulus
Its all in the thread,Ive posted all the rules but will try and dig the posts out again

Ive posted them so many times and have discussed them so many times I would rather find the originals and re post

agree with your 2 statements ..

P
To all, I will post all of Paulus' rules (if Dredd doesn't mind) once I have clarified all the rules. If you have any questions, PM me.

To Paulus, I will gladly handle any questions for you about your rules if you can clarify a few more points I have sent to you in PM. Also would like to compare your actual trades for 1 week to the trades I get using your rules to see why I'm not getting the same results you are. Would that be ok with you?
  • #4,415
  • Aug 5, 2011 2:40pm Aug 5, 2011 2:40pm
Quoting DrDave
Hi Jomadev,

Thanks for the indicator.

Because you have only 1 post so far, you cannot receive private messages. How can we contact you?

DrDave
You're welcome DrDave.

I apologize for the PM issue. Until my membership growth feel free to make me any questions on this thread. I hope this don't disturb the topic if the matter is in relation, otherwise let me know.

I've made some improvements and minor corrections at my pivots indy. Hope posting it asap.
At the time I'm still working in a comprehensive EA for this strategy.

Good WE to all
  • #4,416
  • Aug 5, 2011 4:15pm Aug 5, 2011 4:15pm
Quoting ericjschroed
To all, I will post all of Paulus' rules (if Dredd doesn't mind) once I have clarified all the rules. If you have any questions, PM me.

To Paulus, I will gladly handle any questions for you about your rules if you can clarify a few more points I have sent to you in PM. Also would like to compare your actual trades for 1 week to the trades I get using your rules to see why I'm not getting the same results you are. Would that be ok with you?

Hi yes

Thats fine thanks

P
  • #4,417
  • Edited 5:40am Aug 6, 2011 4:38am | Edited 5:40am
In case anyone of you guys wants/needs to REALLY get inside the freebie system, I suggest to make some backtesting with the platform included. Take every potential setup from the currencies you trade for a week or so (use weekly pivots, the results are not so important as the thought process this creates) from several TF´s (like D1, H4, H1 and M15). This takes some time. Prepare to give it around 40 hr´s on the coming weeks. Its not much if you think this is your business (now or in the future). Spend it and stop to think every time when questions arise. Write them down also to get back to them later on and tweak your system rules accordingly if needed. I have done it and I have to say that it REALLY has helped me to figure out what freebie is about.

There are parts in it (like HL confirmation and zzdots in multiple tf´s), which are not part of original freebie, but they do indeed raise some very good questions in your mind while they are creating contradictions to your setups. Im not saying that you should not stick to freebie rules in your trading, but to take this rehearsal to really get inside it and to write the rules down so that YOU understand what they REALLY mean in real life trading where there is constant noise & contradictions. As Dredd says trading is easy, but I think that you should make it a little difficult to yourself in order to figure out how to do it easy. Its part of the learning process.....

Give it a try if you like. I would be more than glad to discuss your ideas and comments (with PM´s so PM me...).

Have a nice WE.
Attached File(s)
File Type: xls Currency statistics Freebie.xls   26 KB | 511 downloads
  • #4,418
  • Aug 6, 2011 5:36am Aug 6, 2011 5:36am
Ok well i was bored so i started a new thread for just Breakout limit orders.....I call it Freebie Newbie BOLO System....

What does BOLO stand for? Break Out Limit Order............Set & Forget Trading MADE SIMPLE!
  • #4,419
  • Aug 6, 2011 5:37am Aug 6, 2011 5:37am
Quoting Whistlepips
In case anyone of you guys wants/needs to REALLY get inside the freebie system, I suggest to make some backtesting with the platform included. Take every potential setup from the currencies you trade for a week or so (use weekly pivots, the results are not so important as the thought process this creates) from several TF´s (like D1, H4, H1 and M15). This takes some time. Prepare to give it around 40 hr´s on the coming weeks. Its not much if you think this is your business (now or in the future). Spend it and [b]stop to think every time when questions...
It is fine adding the spreadsheet but please keep the questions about it to PM unless you feel they can provide some help to other memebers, If so then add the PM and you and whom ever can talk about it in the thread..
  • #4,420
  • Aug 6, 2011 5:40am Aug 6, 2011 5:40am
Quoting Dredding82
It is fine adding the spreadsheet put please keep the questions about it to PM unless you feel they can provide some help to other memebers, If so then add the PM and you and whom ever can talk about it in the thread..
Ok. I will do that. Have to check out that other thread. Interesting
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