Price Action Trading with Indicators! The Freebie System | Page 239 | 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

  • #4,761
  • Aug 25, 2011 12:05am Aug 25, 2011 12:05am
LOL cannot catch a break anywhere. R&R only 1:1 and still it around against me with 5 pips to go
Attached Image (click to enlarge)
Click to Enlarge Name: 24 aug audusd.gif Size: 51 KB
  • #4,762
  • Aug 25, 2011 12:05am Aug 25, 2011 12:05am
Quoting DrDave
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
Most people just use the term Pivot...since its only 3 more letters lol...and it was a joke..........
  • #4,763
  • Aug 25, 2011 12:22am Aug 25, 2011 12:22am
Quoting jibjib210
LOL cannot catch a break anywhere. R&R only 1:1 and still it around against me with 5 pips to go
SL was 6 pips....it went up 21....1:3.5 Risk:Reward....what are you missing? GREED...LOCK IN PROFIT or REDUCE YOUR RISK..... ZOOM out on your chart...its CLEARLY going in a DOWN TREND at this point....So why go long? There is more RISK! in doing so.

If you want to be a good trader then you need to do only 1 thing.......

1) LISTEN!

Trade a higher TF till you are PROFITABLE! It is alot easier for newbies to trade and you can get all that sleep you cry about missing lol. Then you can move to a lower TF ....
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 127 KB
  • #4,764
  • Aug 25, 2011 3:42am Aug 25, 2011 3:42am
Thanks Chaps, yup did get in and did very nicely but didnt take the whole ride ride, but very happy with my take.

Suprised it lost so much ground and see its just broken last weeks low.

Later

Quoting Dredding82
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
" Dont wait for your boat to come in ..... swim out and meet it"
  • #4,765
  • Aug 25, 2011 4:09am Aug 25, 2011 4:09am
Quoting speedtrip
Thanks Chaps, yup did get in and did very nicely but didnt take the whole ride ride, but very happy with my take.

Suprised it lost so much ground and see its just broken last weeks low.

Later
Go to the higher TFs and look....guess how far its going to go now! lol Im a BEAR on gold now...but will be bullish again in a month or so lol
  • #4,766
  • Aug 25, 2011 4:22am Aug 25, 2011 4:22am
[quote=Dredding82;4900210]SL was 6 pips....it went up 21....1:3.5 Risk:Reward....what are you missing? GREED...LOCK IN PROFIT or REDUCE YOUR RISK..... ZOOM out on your chart...its CLEARLY going in a DOWN TREND at this point....So why go long? There is more RISK! in doing so.

Ummm am i missing somthing here? I bought on the close of the verticle line indicated at 1.04512 and set my SL on the previous low spread x2 at 1.04350. I count 16 pip SL? And i set my TP at 1.0470 and the highest the price went was 1.04650. Yes my R&R was a little more than 1:1 but even if i did set it 1:1 it still would not have hit my TP.
  • #4,767
  • Aug 25, 2011 4:36am Aug 25, 2011 4:36am
Quoting jibjib210
Quoting Dredding82
SL was 6 pips....it went up 21....1:3.5 Risk:Reward....what are you missing? GREED...LOCK IN PROFIT or REDUCE YOUR RISK..... ZOOM out on your chart...its CLEARLY going in a DOWN TREND at this point....So why go long? There is more RISK! in doing so.
Ummm am i missing somthing here? I bought on the close of the verticle line indicated at 1.04512 and set my SL on the previous low spread x2 at 1.04350. I count 16 pip SL? And i set my TP at 1.0470 and the highest the price went was 1.04650. Yes my R&R was a little more than...
If you are trading counter trend, which you were, then either go for quick scalps until it changes its direction or move to breakeven as soon as possible to protect your capital.
  • #4,768
  • Aug 25, 2011 6:02am Aug 25, 2011 6:02am
Quoting speedtrip
Thanks Chaps, yup did get in and did very nicely but didnt take the whole ride ride, but very happy with my take.

Suprised it lost so much ground and see its just broken last weeks low.

Later
Just for you since i know you love this song so much! lol

http://www.youtube.com/watch?v=LiE1VgWdcQM
  • #4,769
  • Aug 25, 2011 10:06am Aug 25, 2011 10:06am
YEE HAW!!!! lol
  • #4,770
  • Aug 25, 2011 10:11am Aug 25, 2011 10:11am
Quoting Dredding82
YEE HAW!!!! lol
http://www.youtube.com/watch?v=7GL6LH6ufhM&NR=1
  • #4,771
  • Aug 26, 2011 2:40am Aug 26, 2011 2:40am
took some out at 1:1 R/R, going for 1:2, it doesn't look like I'll get it, but - it's free trade, I'm in profit.
Trade originated at red vertical line
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 24 KB
  • #4,772
  • Aug 26, 2011 7:01am Aug 26, 2011 7:01am
Short eu and aj. A little late (woke up late) but still find it tempting.
Closed 1/2 half, let the other half run.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 47 KB
Click to Enlarge Name: eurusd.gif Size: 46 KB
  • #4,773
  • Edited 8:17am Aug 26, 2011 7:29am | Edited 8:17am
Third times the charm? lol Ok if it still didnt work for you guys download BOTH OF THESE INDICATORS....YOU MUST ....or it will not work! Before you download DELETE the other EX4 file...Once you click on the file to download...DO NOT RENAME THE FILE when saving!

If it doesnt work now...then its not my fault and that is for sure! It means you didnt do as i told you above.
Attached File(s)
File Type: ex4 Freebie Volatility Indicator.ex4   3 KB | 982 downloads
File Type: ex4 Freebie Volatility Arrows.ex4   11 KB | 980 downloads
  • #4,774
  • Aug 26, 2011 8:19am Aug 26, 2011 8:19am
Quoting hopearisen
Hi Dredding82,

I really appreciate your your help and that of others helping traders to success and realistic pips.
I encountered similar situation but I'm afraid I dont have the previlledge to pm you. thanks

He was a joking....the HUGE arrow is not the indicator.............
  • #4,775
  • Edited 11:19am Aug 26, 2011 8:32am | Edited 11:19am
Thanks Dredding,

Working absolutely fine on my end

Edit: I have placed the freebie volatility arrows in the stochastics window by making the "indicatorinsubwindow" to true instead of the original false...that i did by going into the input window...

Quoting Dredding82
Third times the charm? lol Ok if it still didnt work for you guys download BOTH OF THESE INDICATORS....YOU MUST ....or it will not work! Before you download DELETE the other EX4 file...Once you click on the file to download...DO NOT RENAME THE FILE when saving!

If it doesnt work now...then its not my fault and that is for sure! It means you didnt do as i told you above.
Attached Image (click to enlarge)
Click to Enlarge Name: its working.PNG Size: 38 KB
Raza
  • #4,776
  • Aug 26, 2011 8:37am Aug 26, 2011 8:37am
Quoting shr5
Thanks Dredding,

Working absolutely fine on my end

Fu*king FABULOUS! lol
  • #4,777
  • Aug 26, 2011 8:52am Aug 26, 2011 8:52am
Quoting Dredding82
He was a joking....the HUGE arrow is not the indicator.............
Nice, it work fine thanks.
  • #4,778
  • Aug 26, 2011 9:25am Aug 26, 2011 9:25am
Wow. Powerful words from Bernanke.
  • #4,779
  • Aug 26, 2011 9:35am Aug 26, 2011 9:35am
Quoting Whistlepips
Wow. Powerful words from Bernanke.
WOW...that dipsh*t is speaking today(jk)?...forgot with all the money i am counting lmao!

Where are you getting your video feed from? I have bloomburg and cnbc its all about this damn hurricane. lol
  • #4,780
  • Aug 28, 2011 4:53am Aug 28, 2011 4:53am
For those who think I have abandoned the thread or the system..I have not

I have been trading using the MLT HA ind on a 5min chart and comparing to my normal 123 HH LH count style

The results are very close to my original counting procedure but I must admit the signals although less frequent are slightly more accurate.

From a traders point of view looking at red and green blocks over 5,15,and 1hour time frames is a lot easier than trying to keep the count over several swaps using HH LH etc.

Friday gave

GU -5%+15%+8%
UC - No trades
EU +5%+5%
AU +5%

Total ROC account = +30%

happy your all making pips .. its a good solid system that for me has stood the test of forward testing and numerous bad market conditions

Cheers

Paulus
1 trader viewing now