Price Action Trading with Indicators! The Freebie System | Page 231 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #4,601
  • Edited 7:48am Aug 15, 2011 6:17am | Edited 7:48am
Hey Dredding!

It's been months since I've popped in. Glad all is groovy with your thread.

I took this trade a few minutes ago and wanted your input if you get a chance.

H1 and H4 are in a clear uptrend, and nice rejection of support line with ZZ below, so I'm in.

My target is resistance at 1.0473. Right now going nowhere fast, but we'll see.

--Wally

EDIT: Finally started to go my way, but I closed the trade ten minutes before high impact news coming out for 2 pips. Next setup please!
Attached Image (click to enlarge)
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"Be the change that you wish to see in the world." --Gandhi
  • #4,602
  • Aug 15, 2011 7:41am Aug 15, 2011 7:41am
This is my first trade with this system.

Can anyone give me feedback? Thanks.

(Entry red line)
Attached Image (click to enlarge)
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  • #4,603
  • Aug 15, 2011 8:28am Aug 15, 2011 8:28am
Quoting timo
This is my first trade with this system.

Can anyone give me feedback? Thanks.

(Entry red line)
Closed at 47 pips. 1:1

Thanks Dredding for sharing and explain this excellent system.
  • #4,604
  • Aug 15, 2011 11:05am Aug 15, 2011 11:05am
Quoting DrDave
FEEDBACK: when you post a chart and want comments or help, don’t you think it would be a good idea to include SOME kind of explanation about the chart itself (pair, timeframe) and WHY you made an entry and what direction?
DrDave
The title post says: "short USDCHF"

The chart its pretty big. It says USDCHF M15 on top!

I made the entry, because all 4 rules are met.

DrDave why so harsh?
  • #4,605
  • Edited 11:38am Aug 15, 2011 11:07am | Edited 11:38am
Quoting timo
This is my first trade with this system.

Can anyone give me feedback? Thanks.

(Entry red line)
If your entry candle is the one just before the last one, I would say that it was a countertrend trade. Otherwise it looks mighty fine

MTF HA H4 looks green to me. If you trade M15 with freebierules, you should check H4 HA colour for trend and trade its direction. In addition, I would only trade with the major trend, say D1 and not to trade its pullbacks from H4 (but only after it turns with the major trend of course). Check the rules from the first post.
  • #4,606
  • Aug 15, 2011 11:42am Aug 15, 2011 11:42am
Dred what has happened to the buy and sell zones indicated in post 1411?
  • #4,607
  • Edited 2:13pm Aug 15, 2011 1:56pm | Edited 2:13pm
Quoting timo
This is my first trade with this system.

Can anyone give me feedback? Thanks.

(Entry red line)
..........
  • #4,608
  • Edited 7:22pm Aug 15, 2011 7:08pm | Edited 7:22pm
Hopefully the chart wont confuse all of you as it really shouldn't. It's Basically Dred's Boloso template with a couple of the indies for this strategy added to it as well so I have the best of both worlds present.

I trade the Dow mainly durng the US session (Gray Box). The horizontal green line represents a Bolo trade that I set up just before US market open. Sl and TP was 45 pips (1:1). As you can see, it hit the target with no problem.

The second trade setup (blue vertical line), was based on this strategy, however, I did jump the gun a little as the Stoch hadn't crossed, however, I had confidence in the trade and pulled the trigger. Two positions on this one. One for 45 pips (1:1), and one for 90 pips (1:2). Both targets hit.

Overall for the Dow session, it was good for +180 pips.

This success was also duplicated on an Oil chart for an additional +180 pips.
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  • #4,609
  • Aug 15, 2011 9:29pm Aug 15, 2011 9:29pm
Took this earlier, most conditions were met.... up 10 pips right now and moving to break even.....also, the fibs smoothed out now....

P.S. please do not PM me for the extra indicator on the chart....

Attached Image (click to enlarge)
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Think Outside the Box.....
  • #4,610
  • Aug 15, 2011 11:44pm Aug 15, 2011 11:44pm
Quoting e-trader
Took this earlier, most conditions were met.... up 10 pips right now and moving to break even.....also, the fibs smoothed out now....

P.S. please do not PM me for the extra indicator on the chart....

Attachment
Hey e-trader, send me your extra indicator! (See, no PM for it!! )

What extra indicator are you talking about? I think I have all the ones that are on your chart. But it's a little hard to tell, with so much on that chart.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #4,611
  • Aug 16, 2011 2:02am Aug 16, 2011 2:02am
Quoting prof8t
Hopefully the chart wont confuse all of you as it really shouldn't. It's Basically Dred's Boloso template with a couple of the indies for this strategy added to it as well so I have the best of both worlds present.

I trade the Dow mainly durng the US session (Gray Box). The horizontal green line represents a Bolo trade that I set up just before US market open. Sl and TP was 45 pips (1:1). As you can see, it hit the target with no problem.

The second trade setup (blue vertical line), was based on this strategy, however, I did jump the gun a little...

KILLER TRADING!
  • #4,612
  • Aug 16, 2011 2:03am Aug 16, 2011 2:03am
Quoting barend15
Dred what has happened to the buy and sell zones indicated in post 1411?
Had computer problems so lost the file...and have to start it over.
  • #4,613
  • Aug 16, 2011 2:05am Aug 16, 2011 2:05am
...nope...nothing extra on that chart....just D's template....PLUS the extra indie.....
Think Outside the Box.....
  • #4,614
  • Aug 16, 2011 2:07am Aug 16, 2011 2:07am
Quoting Dredding82
Had computer problems so lost the file...and have to start it over.
WHAT THE (H$@#LL)?!?! Where's the backup file?

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #4,615
  • Aug 16, 2011 2:21am Aug 16, 2011 2:21am
Quoting DrDave
WHAT THE H$@#LL?!?! Where's the backup file?

DrDave
Im a trader...not a computer geek...lmao

Im sure i have a copy some where but would have to find it...
  • #4,616
  • Aug 16, 2011 2:22am Aug 16, 2011 2:22am
This dude is going to be the next big hit in country music....

http://www.youtube.com/watch?v=_aNDXK8ZSXU
  • #4,617
  • Aug 16, 2011 2:26am Aug 16, 2011 2:26am
This one was too good to pass up. Already hit my 1:1 ratio for an easy +66 pips. Looking for more on the second trade...
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  • #4,618
  • Aug 16, 2011 3:09am Aug 16, 2011 3:09am
You are unbelievable Prof8t. How do you consistently find those setups and racking in those pips.
Quoting prof8t
This one was too good to pass up. Already hit my 1:1 ratio for an easy +66 pips. Looking for more on the second trade...
  • #4,619
  • Edited 4:11am Aug 16, 2011 3:59am | Edited 4:11am
Here is a gold trade i entered earlier tonight and still in one from yesterday as well... took the first one because i KNEW it would go back up and 2 HA TFs said it was going up at the time...the one today was by the rules - stoch if you were looking at standard pivots there would have been a fail at the M3...the pic is with fib pivots though.

And as you guys know sometimes i do not wait for all the rules to be met...so dont ask why i did or didnt trade a trade...MY EYES tell me when to..which is why CHART TIME makes a trader. lol
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  • #4,620
  • Aug 16, 2011 6:25am Aug 16, 2011 6:25am
Quoting fxtrain
You are unbelievable Prof8t. How do you consistently find those setups and racking in those pips.

Watch the charts and you'll start to see them with ease youself before you know it.
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