Price Action Trading with Indicators! The Freebie System | Page 223 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #4,441
  • Aug 8, 2011 7:02pm Aug 8, 2011 7:02pm
And I hope some of you took the free play on the DOW (those of you that can trade the DOW) that the S&P set up for us at market close last week. I know that it doesn't fit Dred's strategy but we could all use a free one now and then. +460 and counting!!!
  • #4,442
  • Aug 8, 2011 8:00pm Aug 8, 2011 8:00pm
Quoting jlpk007
Attachment
May i ask why my "pivotforfreebies" indicator are all cluttered together.. it use to be working..i am not sure what happen..
Look at the settings for it. And make sure you have the last one I posted.
  • #4,443
  • Aug 8, 2011 9:23pm Aug 8, 2011 9:23pm
This is my favorite trade from today. Flawless. Only a few more pips are needed.

Better than a 3:1 RR.

Up over 37% for the day, the first day on demo for the higher timeframes.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 45 KB
Found a way to detect where the market will turn.
  • #4,444
  • Aug 9, 2011 2:27am Aug 9, 2011 2:27am
Quoting babnz48
Thank you I'm not finished reading yet but did try this trading sys last night ( demo ) had some loses but some good returns as well ended up + $103 P$ still open over night short at 1.6422 looking for TP at 1.63205 +90 now and just locked in profit at 1.6382. last night while sleeping after the loses still ended up $103 + the 30pips locked in on the P$ trade still that is still open. also took 30 pips on the chf / usd from 0.7591 down to 0.7560. as well as 79 on the eur /usd from 1.4271 down to 1.4191. biggest lose 32 pips most of the lose was...
Thats GREAT man! just keep doing demo till you can make steady profits then go live with a mirco account....then a standard account when you feel 100% sure of trading it.
  • #4,445
  • Aug 9, 2011 2:27am Aug 9, 2011 2:27am
Quoting Ihor
I took this trade from 4 H chart.
Price missed my profit target for spread (less than 2 pips). But i still hold part of this trade.
So, try to trade longterm. It's stress free and you can capture really solid moves.

KILLER TRADE!
  • #4,446
  • Aug 9, 2011 2:29am Aug 9, 2011 2:29am
Quoting prof8t
Wow!!!

Still in this one. Have locked in +640 pips so far. Wondering where's the top?

Dont wonder...PROTECT your GAINS and CAPITAL....then look for the next setup......PIPS PIPS MORE PIPS! lol

P.S. KILLER TRADE! Once again
  • #4,447
  • Aug 9, 2011 2:30am Aug 9, 2011 2:30am
Quoting jpdwilson
It should be said that within the past 24 hours, with incredibly aggressive trading, on the 1HR timeframe, I've made literally hundreds of pips.



Don't stop. And get off the forums. Download the indicators, read the thread, and then trade until you are profitable. There is no secret. Become the edge.

Pips and such,
Jonathan
As long as you use good MM....then trade your heart away..

Great trading!
  • #4,448
  • Aug 9, 2011 2:33am Aug 9, 2011 2:33am
Quoting prof8t
And I hope some of you took the free play on the DOW (those of you that can trade the DOW) that the S&P set up for us at market close last week. I know that it doesn't fit Dred's strategy but we could all use a free one now and then. +460 and counting!!!

Doesnt fit? How so? I said the Freebie Newbie could be used on ANY chart(Forex,Stocks,Commodities..etc)...If you have looked at gold on any TF(I LOVE the H1)...think of the profit i am sitting in! Cant wait for the asian holidays to kick it up even higher! I just dont post stock charts because it would confuse people and this website is called FOREX Factory lol
  • #4,449
  • Aug 9, 2011 2:34am Aug 9, 2011 2:34am
Quoting jpdwilson
This is my favorite trade from today. Flawless. Only a few more pips are needed.

Better than a 3:1 RR.

Up over 37% for the day, the first day on demo for the higher timeframes.
KILLER TRADES!
  • #4,450
  • Aug 9, 2011 2:47am Aug 9, 2011 2:47am
Here are some pictures for those of you who can not trade them or see a chart with the Freebie System attached. I included every DOW chart and the S&P
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dow.gif Size: 43 KB
Click to Enlarge Name: dowia.gif Size: 37 KB
Click to Enlarge Name: dowta.gif Size: 37 KB
Click to Enlarge Name: dowu.gif Size: 37 KB
Click to Enlarge Name: nascom.gif Size: 37 KB
Click to Enlarge Name: sp.gif Size: 37 KB
  • #4,451
  • Aug 9, 2011 2:50am Aug 9, 2011 2:50am
Heres a GOLD chart for anyone that is too lazy to pull it up. lol
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 37 KB
  • #4,452
  • Aug 9, 2011 2:52am Aug 9, 2011 2:52am
So what i am trying to say...The only way you can not make money is if your TOO SCARED to trade...Just follow the indicators and USE PROPER MONEY MANAGEMENT....EASY....lol
  • #4,453
  • Aug 9, 2011 3:05am Aug 9, 2011 3:05am
Quoting Dredding82
So what i am trying to say...The only way you can not make money is if your TOO SCARED to trade...Just follow the indicators and USE PROPER MONEY MANAGEMENT....EASY....lol
right on brotha, good to see everyone doing well!
  • #4,454
  • Aug 9, 2011 4:07am Aug 9, 2011 4:07am
Took this when all the HA candles turned red...KILLER TRADE up 120+ pips
Attached Image (click to enlarge)
Click to Enlarge Name: chf.gif Size: 37 KB
  • #4,455
  • Aug 9, 2011 5:18am Aug 9, 2011 5:18am
Just took this one. Got in a bit earlier based on the 15 min entry, then went to 5 min chart and got in at a bit better price. 1 hour signal then given. Now I wait
http://i1202.photobucket.com/albums/...per/gbpjpy.gif
  • #4,456
  • Aug 9, 2011 11:56am Aug 9, 2011 11:56am
Great trading guys.

This day has again been good for me also. Made a long ride down with gu and took a couple of other trades on M15 as well. My weekly goal is almost done .

My M5 trading is about BE now. Slightly on a greener side though.

By the way that spreadsheet i posted on weekend is really effective. I write down all the potential setups and the trades I have taken from the currencies I trade. It develops both skill and discipline. REALLY good excercise.
I strongly recommend it to anybody who needs either of those
  • #4,457
  • Aug 9, 2011 1:12pm Aug 9, 2011 1:12pm
I am seeing a lot of trades that the freebie signal alert does not show - is there any reason for that? (filter IS set for false)
  • #4,458
  • Aug 9, 2011 5:46pm Aug 9, 2011 5:46pm
You guys are awesome. Yall are like PIPmachine, raking all the pips.
I am still having a problem entering a trade...
You guys entered only when the meter is all red or green?
Any suggestions appreciated..

Thanks
  • #4,459
  • Aug 9, 2011 5:48pm Aug 9, 2011 5:48pm
Quoting fxtrain
You guys are awesome. Yall are like PIPmachine, raking all the pips.
I am still having a problem entering a trade...
You guys entered only when the meter is all red or green?
Any suggestions appreciated..

Thanks
Don't trade off of someone else's system until you understand what the system does. Just following signals will lead to 10 good trades and then 1 that will kill your account.
  • #4,460
  • Aug 9, 2011 5:50pm Aug 9, 2011 5:50pm
Trend is down, HA candle all red, as soon as I entered, popped 20 something pips against me...
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 33 KB
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