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Price Action Trading with Indicators! The Freebie System

  • #4,821
  • Aug 30, 2011 3:15am Aug 30, 2011 3:15am
Quoting Udine
Whistlepips, the most important question of all: Are you winning ??

Udine
Not at the moment no. My second week live and my account balance is -1% so nothing serious, but the answer to your question is no at the moment.

Things change - Dalai Lama
  • #4,822
  • Aug 30, 2011 3:26am Aug 30, 2011 3:26am
Just added another 2.5 % to the account, with a winner on the GU.

Green pips to all.

Udine
Sleep less, live fast, as it aint gonna last
  • #4,823
  • Aug 30, 2011 3:51am Aug 30, 2011 3:51am
Quoting Whistlepips
Not at the moment no. My second week live and my account balance is -1% so nothing serious, but the answer to your question is no at the moment.

Things change - Dalai Lama
Perhaps you should put some of your trades up here for others to look at?
  • #4,824
  • Aug 30, 2011 3:54am Aug 30, 2011 3:54am
Quoting ohammond
Perhaps you should put some of your trades up here for others to look at?

Agreed.

If we can help to get you back in the green: by all means

Udine
Sleep less, live fast, as it aint gonna last
  • #4,825
  • Aug 30, 2011 3:58am Aug 30, 2011 3:58am
Quoting Udine
Agreed.

If we can help to get you back in the green: by all means

Udine
Im at the office and dont have the time & tools to put the charts, but if you want to check them out, today I took AU long at 1,6570 at London open and USDCHF long at 0,8150 half an hour ago. Both from M15.
  • #4,826
  • Edited 4:27am Aug 30, 2011 4:00am | Edited 4:27am
Quoting Whistlepips
Im at the office and dont have the time & tools to put the charts, but if you want to check them out, today I took AU long at 1,6570 at London open and USDCHF long at 0,8150 half an hour ago. Both from M15.
You just answered why you might be in a loss..."Im at the office and DONT HAVE THE TIME" So your trying to trade a TF that you can not monitor your trades and look for proper setups...
  • #4,827
  • Aug 30, 2011 4:11am Aug 30, 2011 4:11am
Quoting Whistlepips
Im at the office and dont have the time & tools to put the charts, but if you want to check them out, today I took AU long at 1,6570 at London open and USDCHF long at 0,8150 half an hour ago. Both from M15.

Thanks for the info.

Trade 1: AU Long
In my book there would NOT be a trade

Trade 2: UC Long
NO trade either. (Seems to be going in the right direction though

But remember I trade slightly differently, so maybe also others might look into it.

Green pips to all !!

Udine
Sleep less, live fast, as it aint gonna last
  • #4,828
  • Aug 30, 2011 4:27am Aug 30, 2011 4:27am
Quoting Udine
Thanks for the info.

Trade 1: AU Long
In my book there would NOT be a trade

Trade 2: UC Long
NO trade either. (Seems to be going in the right direction though

But remember I trade slightly differently, so maybe also others might look into it.

Green pips to all !!

Udine
I trade slightly differently as well, but I wouldn't have gone in on trade 1 because apart from the daily and 15 minute everything else said down and the same for the USD/CHF but its coming around now.

I usually wait to see at least the timeframe I'm on plus either the 1hr or 4hr as well as the higher ones.
  • #4,829
  • Aug 30, 2011 4:51am Aug 30, 2011 4:51am
Thanks guys.

AU D1 HA was green when I took it. UC going fast up at the moment so thats going to be a winner.

Dredd you are exactly right. I shouldnt be trading M15 when I dont have the time to monitor the trades. That is definitely a decision that I should make. Im aiming on D1 in order to have time to make the trades after work, but that is a demo project still. It is going well anyway.
  • #4,830
  • Aug 30, 2011 4:52am Aug 30, 2011 4:52am
One question:

Did you get in the EU & GU this morning around Frankfurt open ??

Udine
Sleep less, live fast, as it aint gonna last
  • #4,831
  • Aug 30, 2011 4:55am Aug 30, 2011 4:55am
Quoting Udine
One question:

Did you get in the EU & GU this morning around Frankfurt open ??

Udine

Pictures say it all.....lol
Attached Image (click to enlarge)
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  • #4,832
  • Aug 30, 2011 5:50am Aug 30, 2011 5:50am
Quoting Dredding82
Pictures say it all.....lol

I knew it .

Was just being curious

Udine
Sleep less, live fast, as it aint gonna last
  • #4,833
  • Aug 30, 2011 6:27am Aug 30, 2011 6:27am
Just had another +2.5 % on he GU.

So 2x my daily target for today

Trading can be so easy

Udine
Sleep less, live fast, as it aint gonna last
  • #4,834
  • Aug 30, 2011 9:23am Aug 30, 2011 9:23am
Did I get that right? Its GU M15.

The Arrow marking "Long": Its an retracement from S2, got a green HA, Stochastics confirms. BUT: Its not with the trend.

What about the arrow marked "Short". Its with the trend, Stoch is down, but ZZ is only with a dot, not with a line above the candles.
Attached Image (click to enlarge)
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  • #4,835
  • Aug 30, 2011 9:39am Aug 30, 2011 9:39am
Quoting willauch
Did I get that right? Its GU M15.

The Arrow marking "Long": Its an retracement from S2, got a green HA, Stochastics confirms. BUT: Its not with the trend.

What about the arrow marked "Short". Its with the trend, Stoch is down, but ZZ is only with a dot, not with a line above the candles.

Willauch,


Edit: I just noticed that you have a long trade going. Would NOT be a trade in my book. The Short neither as the Daily Range has been reached.

Green pips.


Udine
Sleep less, live fast, as it aint gonna last
  • #4,836
  • Aug 30, 2011 9:46am Aug 30, 2011 9:46am
Quoting willauch
Did I get that right? Its GU M15.

The Arrow marking "Long": Its an retracement from S2, got a green HA, Stochastics confirms. BUT: Its not with the trend.

What about the arrow marked "Short". Its with the trend, Stoch is down, but ZZ is only with a dot, not with a line above the candles.
If I were you, I would put on the mtf ha's, you would have seen then its best to just look for shorts but as the daily range has been reached, even that is more risky.
  • #4,837
  • Aug 30, 2011 11:11am Aug 30, 2011 11:11am
Hi guys, long time lurker here!

Just wanted my first post to be on here to say hello and I'll be following daily.

I have been trading indices for many years full time but really wanted to try forex, I trade using 'old school bank rules' i.e. trends and pivots, not sure how well they work on FX.

I wanted to stick with a single thread on here that was simple enough to follow, so thanks and hopefully I can be a helpful contributer.
  • #4,838
  • Aug 30, 2011 11:52am Aug 30, 2011 11:52am
My first freebie trade, on demo on the daily. Entered at the open of the second green candle marked by the first vertical red line. Exited at the second vertical red line.

280 pips profit

Thick horizontal green line is supertrend (no repaint version) set to 10080.
Attached Image (click to enlarge)
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  • #4,839
  • Aug 30, 2011 11:54am Aug 30, 2011 11:54am
Quoting FxHancock
Hi guys, long time lurker here!

Just wanted my first post to be on here to say hello and I'll be following daily.

I have been trading indices for many years full time but really wanted to try forex, I trade using 'old school bank rules' i.e. trends and pivots, not sure how well they work on FX.

I wanted to stick with a single thread on here that was simple enough to follow, so thanks and hopefully I can be a helpful contributer.
If you can find the trend which is not hard(most times)....then you will make a KILLING! Just follow the trend and use proper MM...and the pips FLOW in.......
  • #4,840
  • Aug 30, 2011 11:56am Aug 30, 2011 11:56am
Quoting 2scoops
My first freebie trade, on demo on the daily. Entered at the open of the second green candle marked by the first vertical red line. Exited at the second vertical red line.

280 pips profit

Thick horizontal green line is supertrend (no repaint version) set to 10080.
A very patient trade, good stuff.
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