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Price Action Trading with Indicators! The Freebie System

  • #4,721
  • Aug 22, 2011 2:34pm Aug 22, 2011 2:34pm
Quoting jibjib210
2 More trades 2 More Losses

Any thoughts on the trades?
They look perfectly good to me. If you would have taken the one in UC earlier, it may have made +5.

I just think that M5 is more difficult than it looks. I think Paulus tried to take all the setups on all the currencies and schedule (london session) he traded so that he wouldnt miss the big one (you never know which one it is).
  • #4,722
  • Aug 22, 2011 2:35pm Aug 22, 2011 2:35pm
Quoting jibjib210
2 More trades 2 More Losses

Any thoughts on the trades?
Put a vertical line where you took the trade, so people will know when it was.
  • #4,723
  • Aug 22, 2011 2:45pm Aug 22, 2011 2:45pm
Quoting Whistlepips
They look perfectly good to me. If you would have taken the one in UC earlier, it may have made +5.

I just think that M5 is more difficult than it looks. I think Paulus tried to take all the setups on all the currencies and schedule (london session) he traded so that he wouldnt miss the big one (you never know which one it is).
Those two trades were strictly London session like 2 hours after it opened. I couldn't trade UC it did not give me a higher low that was rejected at pivot except for the last 1?

This is just getting frusterating now. Sit at the computer screen for a good 6 hrs waiting for a trade. Only take like 3 trades a day and they are all losses.
  • #4,724
  • Aug 22, 2011 2:57pm Aug 22, 2011 2:57pm
Quoting jibjib210
Those two trades were strictly London session like 2 hours after it opened. I couldn't trade UC it did not give me a higher low that was rejected at pivot except for the last 1?

This is just getting frusterating now. Sit at the computer screen for a good 6 hrs waiting for a trade. Only take like 3 trades a day and they are all losses.
I bet it does. I think waiting may be the most difficult part of trading. This day was pretty lame alltogether. I took only one trade today UC on M15 (and opened some longer trades). UC turned out to be a small loss.

Well atleast you have the time to trade. Im so f*cking busy at the f*cking office now that tomorrow will be another day wasted forexwise. F*ck.
  • #4,725
  • Aug 22, 2011 2:59pm Aug 22, 2011 2:59pm
the best option may to be simply just to trade the higher time frames as much as you may dislike it or what not but it might be better practice to start off higher and than work your way down as the smaller time frames as whistlepips stated are a bit more challenging than it may seem to some...
No man is free who is not a master of himself. -P.M.-
  • #4,726
  • Aug 22, 2011 3:01pm Aug 22, 2011 3:01pm
today was not a bad day at all...on the gbp alone..the overall trend in my eyes was down and there were three good rejections off the daily pivot alone...making pretty good trades pending upon ones money management... and the nzd danced around the s1 level for a good minute on the m5 charts before being rejected completely for an almost 100 pip up move...there is rarely a bad day here as we have enough pairs to look for good set ups...
No man is free who is not a master of himself. -P.M.-
  • #4,727
  • Aug 22, 2011 3:05pm Aug 22, 2011 3:05pm
Quoting pmullin86
today was not a bad day at all...on the gbp alone..the overall trend in my eyes was down and there were three good rejections off the daily pivot alone...making pretty good trades pending upon ones money management...
I was waiting HA confirmations on D1 which is = trend to me. Didnt find but one when I was in front of my computer. How do you define trend?

BTW I have been in a really bad mood today. One of those days I shouldnt been trading at all I think. Its really hard to have clear thoughts if feeling moody.
  • #4,728
  • Aug 22, 2011 3:10pm Aug 22, 2011 3:10pm
shoot me a pm as I'd prefer not to convolute the thread
No man is free who is not a master of himself. -P.M.-
  • #4,729
  • Aug 22, 2011 3:38pm Aug 22, 2011 3:38pm
Quoting Whistlepips
I bet it does. I think waiting may be the most difficult part of trading. This day was pretty lame alltogether. I took only one trade today UC on M15 (and opened some longer trades). UC turned out to be a small loss.

Well atleast you have the time to trade. Im so f*cking busy at the f*cking office now that tomorrow will be another day wasted forexwise. F*ck.
Wow that must be really frusterating. I am just trying to make most of the time I have now since I have summer holidays. I am staying up 12 hours a day to get a feel of the market and when trading times are best. Though once school starts I will have to set an alarm to wake up at 5 am hopefully catch 3 hours of the London session and then go to school at 8
  • #4,730
  • Aug 22, 2011 4:13pm Aug 22, 2011 4:13pm
I know what yall mean. I am here in central U.S. London opens at 2am my time, so I get like 1 hour of London session or so. Then I would get sooo sleepy and fell asleep most of the time after 2. I go to sleep and wake up like 6:30 am for school. So everyday I sleep like 3.5-4 hours max... It's really tiring. I would feel better if I do good in trading. But most of the time, I haven't.
  • #4,731
  • Aug 22, 2011 7:46pm Aug 22, 2011 7:46pm
Quoting fxtrain
I know what yall mean. I am here in central U.S. London opens at 2am my time, so I get like 1 hour of London session or so. Then I would get sooo sleepy and fell asleep most of the time after 2. I go to sleep and wake up like 6:30 am for school. So everyday I sleep like 3.5-4 hours max... It's really tiring. I would feel better if I do good in trading. But most of the time, I haven't.
LOL your situation is identical to mine. I usually make up all the lost sleep on the weekend by sleeping all day and night. Though yes you are very correct losing all that sleep for profit would make you feel alot better and def less tired
  • #4,732
  • Aug 23, 2011 1:02am Aug 23, 2011 1:02am
Ok for the last 4 or 5 guys that talk about being able to trade but a few hours in a session or lack of sleep...CHANGE TFs! You DO NOT have the current time to trade the lower TIME FRAME! Its that simple! The lack of SLEEP....might be a reason behind your BAD trades? No....could it be that simple? YES! GO TO THE D1! and trade that...so what if it takes days for the signal...you get SLEEP! and your not STRESSED because you cant figure out why something is not working right when your BRAIN is NOT WORKING right! Get it? Got it? GOOD! lol
  • #4,733
  • Aug 23, 2011 4:39am Aug 23, 2011 4:39am
Took this one awhile ago but been busy bsing around watching TV to post lol...anyways all rules met.......R:R ...CRAZY!
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  • #4,734
  • Aug 23, 2011 4:51am Aug 23, 2011 4:51am
Quoting Dredding82
Ok for the last 4 or 5 guys that talk about being able to trade but a few hours in a session or lack of sleep...CHANGE TFs! You DO NOT have the current time to trade the lower TIME FRAME! Its that simple! The lack of SLEEP....might be a reason behind your BAD trades? No....could it be that simple? YES! GO TO THE D1! and trade that...so what if it takes days for the signal...you get SLEEP! and your not STRESSED because you cant figure out why something is not working right when your BRAIN is NOT WORKING right! Get it? Got it? GOOD! lol
I second this...
  • #4,735
  • Aug 23, 2011 5:38am Aug 23, 2011 5:38am
Quoting Dredding82
Took this one awhile ago but been busy bsing around watching TV to post lol...anyways all rules met.......R:R ...CRAZY!
Thanks Dredding for your post.I actually stumbled on it yesterday and have been trying to see if you did pdf for it. i am a newbie. i only know how to use stochastics and pivot point very well. is there any pdf or simple explanation on how this strategy works?
  • #4,736
  • Aug 23, 2011 5:39am Aug 23, 2011 5:39am
Quoting fxpedia
Thanks Dredding for your post.I actually stumbled on it yesterday and have been trying to see if you did pdf for it. i am a newbie. i only know how to use stochastics and pivot point very well. is there any pdf or simple explanation on how this strategy works?

POST #1..............
  • #4,737
  • Aug 23, 2011 7:57am Aug 23, 2011 7:57am
Quoting Dredding82
Took this one awhile ago but been busy bsing around watching TV to post lol...anyways all rules met.......R:R ...CRAZY!
Hey Dred I.ve been reading your stuff for a couple of days and trading demo. Made hundreds of pips and just made the first few live trades -all good so far.

Great stuff and thank you for it. A scholar and a gentleman you are indeed.

By the way - did your girl friend run away that time you mentioned letting the trade run.
How do you put a trailing stop on a lady ?

Arigo 444
  • #4,738
  • Aug 23, 2011 8:52am Aug 23, 2011 8:52am
Quoting Dredding82
Ok for the last 4 or 5 guys that talk about being able to trade but a few hours in a session or lack of sleep...CHANGE TFs! You DO NOT have the current time to trade the lower TIME FRAME! Its that simple! The lack of SLEEP....might be a reason behind your BAD trades? No....could it be that simple? YES! GO TO THE D1! and trade that...so what if it takes days for the signal...you get SLEEP! and your not STRESSED because you cant figure out why something is not working right when your BRAIN is NOT WORKING right! Get it? Got it? GOOD! lol

Got it and working on it
  • #4,739
  • Aug 23, 2011 9:02am Aug 23, 2011 9:02am
Quoting Arigo444
Hey Dred I.ve been reading your stuff for a couple of days and trading demo. Made hundreds of pips and just made the first few live trades -all good so far.

Great stuff and thank you for it. A scholar and a gentleman you are indeed.

By the way - did your girl friend run away that time you mentioned letting the trade run.
How do you put a trailing stop on a lady ?

Arigo 444
She tried...But i canceled her credit cards(TS for a lady) lmao
  • #4,740
  • Aug 23, 2011 9:50am Aug 23, 2011 9:50am
Quoting Dredding82
She tried...But i canceled her credit cards(TS for a lady) lmao
Canceled credit card = stop loss, no?

DrDave
To free Gazans of Hamas, use whatever it takes.
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