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Price Action Trading with Indicators! The Freebie System

  • #4,781
  • Aug 28, 2011 5:03am Aug 28, 2011 5:03am
Hey Dred - no 1 scholar
500+ pipporoniis last week.
How do I get in touch - with thanks thanks thanks
  • #4,782
  • Edited 5:37am Aug 28, 2011 5:26am | Edited 5:37am
Quoting Paulus
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...
Do you still use the HH HL + MTF HAS or just the MTF HAS for the signals. Any chance of a screenshot of the GU trades please.
  • #4,783
  • Aug 28, 2011 9:27am Aug 28, 2011 9:27am
Quoting neil324
Do you still use the HH HL + MTF HAS or just the MTF HAS for the signals. Any chance of a screenshot of the GU trades please.

Last month just MFT HA

here is the chart GU 18% gain on account

cheers

P
Attached Image (click to enlarge)
Click to Enlarge Name: d mtf.gif Size: 35 KB
  • #4,784
  • Edited 11:18am Aug 28, 2011 10:00am | Edited 11:18am
Quoting Paulus
Last month just MFT HA

here is the chart GU 18% gain on account

cheers

P
What other rules do you apply or is just the MTF HAS changing + fail at pivot.

I have just checked my last weeks trades that i was using all your old rules, but i included the MTF HAS. 90% of the losers would not have been taken, all of the winners taken but 40% of them would have been taken late thus reducing the profit, but over all a much better return.

Can you post charts of your AU & EU please.

Regards.
  • #4,785
  • Aug 28, 2011 10:07am Aug 28, 2011 10:07am
Just curious and no disrespect to anyone but is this not what dredding has been emphasizing all this time with his system but just not on the five minute as I believe the lowest time frame he bothers with is the 15 minute....
No man is free who is not a master of himself. -P.M.-
  • #4,786
  • Aug 28, 2011 1:39pm Aug 28, 2011 1:39pm
Quoting Arigo444
Hey Dred - no 1 scholar
500+ pipporoniis last week.
How do I get in touch - with thanks thanks thanks

Killer trading man! Keep it up and you will be your OWN boss in no time.
  • #4,787
  • Aug 28, 2011 1:42pm Aug 28, 2011 1:42pm
Quoting pmullin86
Just curious and no disrespect to anyone but is this not what dredding has been emphasizing all this time with his system but just not on the five minute as I believe the lowest time frame he bothers with is the 15 minute....
Some people are just and dont understand the simple things in life, They spend countless hours thinking of the most complex ideals always chasing an asnwer that is right in front of them.
  • #4,788
  • Aug 28, 2011 3:12pm Aug 28, 2011 3:12pm
Thank you Dredding82 for your willingness to help other traders succeed in the "jungle" of Forex Trading. Keep up the great work and thank you for your contributions on this thread!!!
  • #4,789
  • Aug 28, 2011 11:54pm Aug 28, 2011 11:54pm
Good morning all,

I'm back from my extremely nice vacation. I see I have to do some reading. Today is UK bankholiday so this morning will be slow.

Green pips to all.

Udine
Sleep less, live fast, as it aint gonna last
  • #4,790
  • Aug 29, 2011 2:03am Aug 29, 2011 2:03am
Good to see you back.
  • #4,791
  • Aug 29, 2011 2:55am Aug 29, 2011 2:55am
Quoting Paulus
Last month just MFT HA

here is the chart GU 18% gain on account

cheers

P
Paulus,

Your third trade seems as though it didn't meet the criteria you've given to us. Price just set a HH based on the most recent semaphore. You should have then been waiting for a break of the pivot, a pull back to the pivot, making a LL, and a reversal off of the pivot with a HA change to the upside. Please correct me if I am wrong.

Also, as we all know here, the MTF-HA Indicator repaints. For example, if the first ten minutes of the a 15M bar moves to the upside, these two 5M blocks will paint green. However, if price then moves to the downside dramatically, that is, enough to make the 15M HA bar close red, then it will repaint the previous two bars as well. It is still incredibly useful in real time, however, it does cause problems visually. Again, correct me if I am wrong.

I'd also like to ask if these are the actual trades you did take live, or if these are merely the ones you would have taken had you executed as you would have liked during that trading session?

Regards,
Jonathan
Found a way to detect where the market will turn.
  • #4,792
  • Aug 29, 2011 3:31am Aug 29, 2011 3:31am
Quoting fxtrain
Good to see you back.

Its nice to be back again. Need some cash for my next vacation )))

Udine
Sleep less, live fast, as it aint gonna last
  • #4,793
  • Aug 29, 2011 3:32am Aug 29, 2011 3:32am
I read that some people have made an incredible amount of pips !!

Great trading !!

Udine
Sleep less, live fast, as it aint gonna last
  • #4,794
  • Aug 29, 2011 3:37am Aug 29, 2011 3:37am
Quoting jpdwilson
Paulus,

Your third trade seems as though it didn't meet the criteria you've given to us. Price just set a HH based on the most recent semaphore. You should have then been waiting for a break of the pivot, a pull back to the pivot, making a LL, and a reversal off of the pivot with a HA change to the upside. Please correct me if I am wrong.
He already answered that by saying
Quoting Paulus
Last month just MFT HA
when someone asked him if he was using HH and HL etc.
  • #4,795
  • Aug 29, 2011 4:08am Aug 29, 2011 4:08am
Quoting ohammond
He already answered that by saying when someone asked him if he was using HH and HL etc.
Thank you.
Found a way to detect where the market will turn.
  • #4,796
  • Aug 29, 2011 6:48am Aug 29, 2011 6:48am
Just checking the demo waters today, after the holidays and the UK bank holiday.

Had 1 profit on the EU and an early close, due to my TS (in profit) on the GU, which would have reached my target.

So I would have gotten my daily target.

Udine.

PS. I won't show any charts, as you all might know that I trade slightly differently than Dred.

Green pips to all !!
Sleep less, live fast, as it aint gonna last
  • #4,797
  • Aug 29, 2011 7:06am Aug 29, 2011 7:06am
By the way, can somebody please explain me how to delete an old post, as I have not been able to find it.

Sorry to mess up the thread.

Udine
Sleep less, live fast, as it aint gonna last
  • #4,798
  • Aug 29, 2011 7:54am Aug 29, 2011 7:54am
Quoting Udine
By the way, can somebody please explain me how to delete an old post, as I have not been able to find it.

Sorry to mess up the thread.

Udine

Got my answer already.

Thanks Dred.

Udine
Sleep less, live fast, as it aint gonna last
  • #4,799
  • Aug 29, 2011 8:03am Aug 29, 2011 8:03am
No trade on GU or EU atm

Just closed UC short for 15%
Long AU from 1.0620

Other trades may trigger 2 are close

cheers

P
  • #4,800
  • Aug 29, 2011 8:12am Aug 29, 2011 8:12am
Quoting Paulus
No trade on GU or EU atm

Just closed UC short for 15%
Long AU from 1.0620

Other trades may trigger 2 are close

cheers

P

Paulus,

Great trading as usual !!

I have seen the trade evolving on the UC and AU, but only trade the EU & GU.


Udine
Sleep less, live fast, as it aint gonna last
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