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Price Action Trading with Indicators! The Freebie System

  • #4,621
  • Aug 16, 2011 7:04am Aug 16, 2011 7:04am
Vertical red line is the entry.

Attached Image (click to enlarge)
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  • #4,622
  • Aug 16, 2011 8:33am Aug 16, 2011 8:33am
M2 bounce

Vertical red line is the entry.

Attached Image (click to enlarge)
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  • #4,623
  • Aug 16, 2011 11:16am Aug 16, 2011 11:16am
Just made my weekly goal and I have only been trading today

I took three trades on M15 and all of them were winners. (Well actually one more. I close USD/CHF short for +10 pips after realising that I took it countertrend.)

AUD/USD long, USD/CAD short and EUR/USD long. If you want to check the charts, you will see where I took em. The last good entry on each one of them. This is a kind of a waiting game for a good setup to make itself available.

This has been fourth week in a row in profit. I think that I will next make some preparations with opening a small live account and going live again. Maybe I start next week.
  • #4,624
  • Aug 16, 2011 12:04pm Aug 16, 2011 12:04pm
Here are my charts.

EU long entry around 1,4370 exit around 1,4450
AU long entry around 1,0420 exit around 1,0485
UC short entry around 0,9860 exit 0,9810

If you look at UC and EU, you see that H4 MTF HA was not changed colour yet. However the daily was. So I took the trades anyway, but watched them through. So they are actually H1 trades, but just taken sooner from M15.

And yes there was some distance to pivot on USD/CAD. It looked promising and the time was right so I took it anyway.
Attached Image(s) (click to enlarge)
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  • #4,625
  • Aug 16, 2011 12:51pm Aug 16, 2011 12:51pm
Nice trading Whistlepips!
Damn The Torpedoes, Full Speed Ahead!
  • #4,626
  • Aug 16, 2011 12:58pm Aug 16, 2011 12:58pm
Quoting Whistlepips
Here are my charts.

EU long entry around 1,4370 exit around 1,4450
AU long entry around 1,0420 exit around 1,0485
UC short entry around 0,9860 exit 0,9810

If you look at UC and EU, you see that H4 MTF HA was not changed colour yet. However the daily was. So I took the trades anyway, but watched them through. So they are actually H1 trades, but just taken sooner from M15.

And yes there was some distance to pivot on USD/CAD. It looked promising and the time was right so I took it anyway.
You probably stole some pips from me, took 3 trades also, lost all of them!
Good job anyway.
  • #4,627
  • Aug 16, 2011 1:01pm Aug 16, 2011 1:01pm
Quoting morris1
You probably stole some pips from me, took 3 trades also, lost all of them!
Good job anyway.
Thanks man (and Dizzle also).

Maybe tomorrow I will send you my bank account number so you can send your money straight to there.
  • #4,628
  • Aug 16, 2011 3:52pm Aug 16, 2011 3:52pm
Ok so I took this Daily trade on GU yesterday its going well so far approx 150 pips up but not quite yet 1:1

all TFs match up
fail of Pivot and also M2
Stock crossed up
Higher Low

Let me know if I missed anything, would be appreciated. I was bit late on entry not being the close of candle but it hadnt moved a great deal.
Attached Image (click to enlarge)
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  • #4,629
  • Aug 17, 2011 4:17am Aug 17, 2011 4:17am
O man I slept through half the nite thinking there would be no trades and I missed all of them. Now half the pairs alreadly reaching their range....

Waste of a day
  • #4,630
  • Aug 17, 2011 6:18am Aug 17, 2011 6:18am
Quoting vains
Ok so I took this Daily trade on GU yesterday its going well so far approx 150 pips up but not quite yet 1:1

all TFs match up
fail of Pivot and also M2
Stock crossed up
Higher Low

Let me know if I missed anything, would be appreciated. I was bit late on entry not being the close of candle but it hadnt moved a great deal.
That's the nice thing about the daily timeframe. If you miss a few pips it doesn't really hurt much.
  • #4,631
  • Aug 17, 2011 8:56am Aug 17, 2011 8:56am
Quoting vains
Ok so I took this Daily trade on GU yesterday its going well so far approx 150 pips up but not quite yet 1:1

all TFs match up
fail of Pivot and also M2
Stock crossed up
Higher Low

Let me know if I missed anything, would be appreciated. I was bit late on entry not being the close of candle but it hadnt moved a great deal.
Killer trade! This thing is still climbing!
Damn The Torpedoes, Full Speed Ahead!
  • #4,632
  • Aug 17, 2011 9:10am Aug 17, 2011 9:10am
Trade by the book gone wrong.

First picture entry. Second picture SL.

-55 pips
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  • #4,633
  • Aug 17, 2011 9:48am Aug 17, 2011 9:48am
Quoting timo
Trade by the book gone wrong.

First picture entry. Second picture SL.

-55 pips
Its just like the one you posted a couple of days ago. If you go to H1 and check daily MTF HA (1440), you see that it points up. Its a perfectly good trade on every other way, but if I were you, I would be checking that daily trend and trade only on that direction.

There was two perfectly good long opportunities atleast in my maps with USD/CHF 12.30 and 15.15 GMT. With the last one you could be banking over 100 pips at the moment (notice that on the first one H4 MTF HA is still red, but its going with the daily trend direction so I might have taken that one also).

Of course there will be losers like in any other system also if you follow the daily trend, but not so often.
  • #4,634
  • Aug 17, 2011 10:17am Aug 17, 2011 10:17am
well well well whistlepips...look who's becoming quite the pro trader ( no pun intended) good trading bud...keep it up..
No man is free who is not a master of himself. -P.M.-
  • #4,635
  • Aug 17, 2011 10:22am Aug 17, 2011 10:22am
Quoting pmullin86
well well well whistlepips...look who's becoming quite the pro trader ( no pun intended) good trading bud...keep it up..
If I only would have listened myself (or was it Dredd) a little bit earlier
  • #4,636
  • Aug 17, 2011 10:36am Aug 17, 2011 10:36am
Quoting Whistlepips
Its just like the one you posted a couple of days ago. If you go to H1 and check daily MTF HA (1440), you see that it points up. Its a perfectly good trade on every other way, but if I were you, I would be checking that daily trend and trade only on that direction.

There was two perfectly good long opportunities atleast in my maps with USD/CHF 12.30 and 15.15 GMT. With the last one you could be banking over 100 pips at the moment (notice that on the first one H4 MTF HA is still red, but its going with the daily trend direction so I...
I have a lot to learn.

Thanks for your help Whistlepips
  • #4,637
  • Aug 17, 2011 10:38am Aug 17, 2011 10:38am
Quoting timo
I have a lot to learn.

Thanks for your help Whistlepips
That one is actually quite simple. Just write down to yourself that just before every trade youre about to take, go and check the daily HA colour.
  • #4,638
  • Aug 17, 2011 11:51am Aug 17, 2011 11:51am
i like

good to hear u are doing m8

ST

Quoting Whistlepips
That one is actually quite simple. Just write down to yourself that just before every trade youre about to take, go and check the daily HA colour.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #4,639
  • Aug 17, 2011 12:28pm Aug 17, 2011 12:28pm
Quoting speedtrip
i like

good to hear u are doing m8

ST
NWM8
  • #4,640
  • Aug 17, 2011 5:04pm Aug 17, 2011 5:04pm
Hey Timo, I am no pro or anything, I am struggling at times too. I don't know if this is a good reason not to short, but on that particular chart I see that you sold at S1.
Quoting timo
Trade by the book gone wrong.

First picture entry. Second picture SL.

-55 pips
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