Price Action Trading with Indicators! The Freebie System | Page 238 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Freebie 1 min trading method 1,227 replies

Naked Trading Using Price Action (No Indicators) 32 replies

Pure Price Action Trading - NO lines or indicators 49 replies

Help adding a filter to the Freebie Indicator 3 replies

EUR/USD Trading Price Action System 2 replies

Attachments: Price Action Trading with Indicators! The Freebie System
Exit Attachments

Price Action Trading with Indicators! The Freebie System

  • #4,741
  • Aug 23, 2011 10:03am Aug 23, 2011 10:03am
Quoting Dredding82
POST #1..............
You need to go back to your previous response of "none" when you see, yet again, someone who admits being new here (yesterday!) and obviously hasn't read any of the posts. And why is it, with a few exceptions of people I know, that nearly all the #$#% questions come from people with 'fx' or 'forex' in their screen name and less than 10 posts?
  • #4,742
  • Aug 23, 2011 10:11am Aug 23, 2011 10:11am
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).
No, he only trades 4 pairs on his system variation here, the EU, GU, AU, and UsdCad. And he was not looking for the Big One, since he capped his TP at 1:3. Trying to catch huge moves was the main feature of the Turtles trading style, which had a 70% loss rate and 30% win but made millions of $$ and it's really hard to sit through that many losses, trust me. Just look at the people here who have 2 or 3 losses and get frustrated.
  • #4,743
  • Aug 23, 2011 10:20am Aug 23, 2011 10:20am
Quoting ericjschroed
No, he only trades 4 pairs on his system variation here, the EU, GU, AU, and UsdCad. And he was not looking for the Big One, since he capped his TP at 1:3. Trying to catch huge moves was the main feature of the Turtles trading style, which had a 70% loss rate and 30% win but made millions of $$ and it's really hard to sit through that many losses, trust me. Just look at the people here who have 2 or 3 losses and get frustrated.
I meant actually 1:3 for the "big one". Just poorly written.
  • #4,744
  • Aug 23, 2011 11:04pm Aug 23, 2011 11:04pm
Just took this trade....all conditions were met.....Hourly and daily trend is up
Attached Image (click to enlarge)
Click to Enlarge Name: aj.gif Size: 41 KB
Think Outside the Box.....
  • #4,745
  • Aug 23, 2011 11:25pm Aug 23, 2011 11:25pm
Quoting e-trader
Just took this trade....all conditions were met.....Hourly and daily trend is upAttachment
Looks good to me! Just check your FA....but i see PIPS! lol
  • #4,746
  • Aug 23, 2011 11:48pm Aug 23, 2011 11:48pm
Quoting DrDave
Canceled credit card = stop loss, no?

DrDave
Well a TSL is a SL is it not? lol
  • #4,747
  • Aug 23, 2011 11:59pm Aug 23, 2011 11:59pm
Hello Dredding.
I have taken a log here on the red ver line. SL ENTRY & TP Are the blue lines . Every thing looks fine to me , Would you call it a OK entry or did I miss some thing?

Thanks for the thread and all your in put.
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad 1h 23 8 11.gif Size: 53 KB
  • #4,748
  • Aug 24, 2011 12:42am Aug 24, 2011 12:42am
Quoting babnz48
Hello Dredding.
I have taken a log here on the red ver line. SL ENTRY & TP Are the blue lines . Every thing looks fine to me , Would you call it a OK entry or did I miss some thing?

Thanks for the thread and all your in put.

ok not a good trade SL Hit
  • #4,749
  • Aug 24, 2011 1:20am Aug 24, 2011 1:20am
Quoting babnz48
ok not a good trade SL Hit
Look at the MTF HA....you will see why....
  • #4,750
  • Aug 24, 2011 2:21am Aug 24, 2011 2:21am
Quoting Dredding82
Look at the MTF HA....you will see why....
point taken one red HA Maybe timing as well ozy closing and cad not open yet.
Thanks for the comment..
  • #4,751
  • Aug 24, 2011 4:14am Aug 24, 2011 4:14am
Just bad luck...

Entry its the red line
Attached Image (click to enlarge)
Click to Enlarge Name: 24-08.eurusd.jpg Size: 135 KB
  • #4,752
  • Aug 24, 2011 4:26am Aug 24, 2011 4:26am
Quoting timo
Just bad luck...

Entry its the red line
DO YOUR FA HOMEWORK.....its not hard...........
Attached Image (click to enlarge)
Click to Enlarge Name: FA.GIF Size: 98 KB
  • #4,753
  • Aug 24, 2011 5:31am Aug 24, 2011 5:31am
Quoting Dredding82
DO YOUR FA HOMEWORK.....its not hard...........
I like your drawings

Thank you Dred
  • #4,754
  • Edited 11:45am Aug 24, 2011 11:06am | Edited 11:45am
Could one you kind gents check the following setup for me.

The DP is dashed line @ 1855.4.
Price was rejected twice below the DP - 2 Red Dots
candles turn red
MTF confirms on D1/H4/H1
Swing Low Broken
Stoch Crossed Down

I realise that Gold has been very bullish but it had already failed further up @ $1900 and as the DP appears to be the only time that all the conditions were in place for short. As you can see prev the MTF has shown D1 up, even tho H4/H1 were down.

Anything i have missed overlooked?

I'll check in later
Attached Image (click to enlarge)
Click to Enlarge Name: goldtest240811.jpg Size: 127 KB
" Dont wait for your boat to come in ..... swim out and meet it"
  • #4,755
  • Aug 24, 2011 11:21am Aug 24, 2011 11:21am
Quoting speedtrip
Could one you kind gents check the following setup for me.

The DP is dashed line @ 1855.4.
Price was rejected twice below the DP - 2 Red Dots
candles turn red
MTF confirms on D1/H4/H1
Swing Low Broken
Stoch Crossed Down

I realise that Gold has been very bullish but it had already failed further up @ $1900 and this appears to be the only time that all the conditions were in place for short. As you can see prev the MTF has shown D1 up, even tho H4/H1 were down.

Anything i have missed overlooked?

I'll check in later
Looks mighty fine to my eyes.
  • #4,756
  • Edited 11:43am Aug 24, 2011 11:32am | Edited 11:43am
Quoting speedtrip
Could one you kind gents check the following setup for me.

The DP is dashed line @ 1855.4.
Price was rejected twice below the DP - 2 Red Dots
candles turn red
MTF confirms on D1/H4/H1
Swing Low Broken
Stoch Crossed Down

I realise that Gold has been very bullish but it had already failed further up @ $1900 and this appears to be the only time that all the conditions were in place for short. As you can see prev the MTF has shown D1 up, even tho H4/H1 were down.

Anything i have missed overlooked?

I'll check in later
DP? WTF....you a porn star? lol the only letters i know what they mean are TP,SL,TSL & BE.....Anyways...here is the BEAUTY of the the trend indicator! Pic attached!
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 133 KB
  • #4,757
  • Aug 24, 2011 11:46am Aug 24, 2011 11:46am
Quoting speedtrip
Could one you kind gents check the following setup for me.

The DP is dashed line @ 1855.4.
Price was rejected twice below the DP - 2 Red Dots
candles turn red
MTF confirms on D1/H4/H1
Swing Low Broken
Stoch Crossed Down

I realise that Gold has been very bullish but it had already failed further up @ $1900 and this appears to be the only time that all the conditions were in place for short. As you can see prev the MTF has shown D1 up, even tho H4/H1 were down.

Anything i have missed overlooked?

I'll check in later
So now the question is...did you follow the TREND.....and are now BANKING! like a "Big Boy" with 7000+ pips? Profit locked in....risk free trading? lol
  • #4,758
  • Aug 24, 2011 1:04pm Aug 24, 2011 1:04pm
Quoting Dredding82
DP? WTF....you a porn star? lol the only letters i know what they mean are TP,SL,TSL & BE.....Anyways...here is the BEAUTY of the the trend indicator! Pic attached!
Hey man, ever heard of Daily Pivot?

and if he went by all the signals that he listed and shorted, then yes, he's GOLDEN with green pips.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #4,759
  • Aug 24, 2011 1:38pm Aug 24, 2011 1:38pm
Quoting speedtrip
Could one you kind gents check the following setup for me.

The DP is dashed line @ 1855.4.
Price was rejected twice below the DP - 2 Red Dots
candles turn red
MTF confirms on D1/H4/H1
Swing Low Broken
Stoch Crossed Down

I realise that Gold has been very bullish but it had already failed further up @ $1900 and as the DP appears to be the only time that all the conditions were in place for short. As you can see prev the MTF has shown D1 up, even tho H4/H1 were down.

Anything i have missed overlooked?

I'll check in later
Excellent trade ST
  • #4,760
  • Aug 24, 2011 1:41pm Aug 24, 2011 1:41pm
Quoting Dredding82
DP? WTF....you a porn star? lol the only letters i know what they mean are TP,SL,TSL & BE.....Anyways...here is the BEAUTY of the the trend indicator! Pic attached!
How's your testing of the trend indicator going Dredd? All the bugs ironed out and using it fully or still testing? Certainly seemed to catch that Gold trend change spot on. Nice.
1 trader viewing now