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Price Action Trading with Indicators! The Freebie System

  • #4,841
  • Aug 30, 2011 12:00pm Aug 30, 2011 12:00pm
Quoting Dredding82
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.......
I make a living literally trend trading, buying dips in trend (pivots) and entering trend breaks (pivot fail).

I'll be honest it's quite slow pace as I trade using 12H charts (to qualify trend and pivots), 15m for entry. I wanted to trade FX on top of my longer-term indices trading, hence I'm here!

I've just started an MT4 account which I've never used before, I'll start with 10.000 ($1 pip) which I consider 'demo size' and move up from there if intraday FX suits me.

Hopefully tomorrow I'll start posting charts.
  • #4,842
  • Aug 30, 2011 12:58pm Aug 30, 2011 12:58pm
This was a hard one, but I think it just had to be made. I just made a decision to move my live trading after I have enough data from trading D1. I just dont have enough time to trade shorter tf´s because busy at the office. Thanks for the pointer Dredd

D1 will be the tf I mostly trade from this point on. I have been profitable with M15 so you can believe this was not an easy one. Well D1 looks promising also so Im hoping it wont be long after trading live that one.

Maybe Im able to give a little more time to my family also. I still know them and they seem to live here with me
  • #4,843
  • Edited 1:44pm Aug 30, 2011 12:58pm | Edited 1:44pm
Quoting FxHancock
I make a living literally trend trading, buying dips in trend (pivots) and entering trend breaks (pivot fail).

I'll be honest it's quite slow pace as I trade using 12H charts (to qualify trend and pivots), 15m for entry. I wanted to trade FX on top of my longer-term indices trading, hence I'm here!

I've just started an MT4 account which I've never used before, I'll start with 10.000 ($1 pip) which I consider 'demo size' and move up from there if intraday FX suits me.

Hopefully tomorrow I'll start posting charts.
Well just dont go balls out crazy posting charts when there is a signal but no where near a pivot...HA wasnt the right color , stoch was not crossed or there wasnt a ZZ dot on the top/bottom of a candle that is within a few candles of the entry...alot of people cant seem to understand 4 simples rules and wonder why the trade didnt go as they thought lol. Oh 5 rules if you count finding the trend
  • #4,844
  • Aug 30, 2011 1:02pm Aug 30, 2011 1:02pm
Quoting Whistlepips
This was a hard one, but I think it just had to be made. I just made a decision to move my live trading after I have enough data from trading D1. I just dont have enough time to trade shorter tf´s because busy at the office.

D1 will be the tf I mostly trade from this point on. I have been profitable with M15 so you can believe this was not an easy one. Well D1 looks promising also so Im hoping it wont be long after trading live that one.

Maybe Im able to give a little more time to my family also. I still know them and they seem to live here...
GOOD CALL! Time is key to building the wealth you want. While doing so you should never put your family or friends on the sidelines! Trade the D1 for your steady gains and when you have time...REAL time to play the intraday charts, JUMP IN THE WATER with us! Its always filled full of pips!
  • #4,845
  • Aug 30, 2011 1:11pm Aug 30, 2011 1:11pm
Quoting Dredding82
GOOD CALL! Time is key to building the wealth you want. While doing so you should never put your family or friends on the sidelines! Trade the D1 for your steady gains and when you have time...REAL time to play the intraday charts, JUMP IN THE WATER with us! Its always filled full of pips!
Thanks man. I will. I have documented my M15 way of thinking pretty well so Im hoping it wont go away.
  • #4,846
  • Aug 30, 2011 1:18pm Aug 30, 2011 1:18pm
Quoting FxHancock
I make a living literally trend trading, buying dips in trend (pivots) and entering trend breaks (pivot fail).

I'll be honest it's quite slow pace as I trade using 12H charts (to qualify trend and pivots), 15m for entry. I wanted to trade FX on top of my longer-term indices trading, hence I'm here!

I've just started an MT4 account which I've never used before, I'll start with 10.000 ($1 pip) which I consider 'demo size' and move up from there if intraday FX suits me.

Hopefully tomorrow I'll start posting charts.
You should enable your PMs....kinda hard to talk to you in private lol.
  • #4,847
  • Aug 30, 2011 1:30pm Aug 30, 2011 1:30pm
On the vertical red line, is this a valid long setup? Or do ALL MTF-HA-Dots have to be the same color? Its a USDCHF M15 Chart.
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  • #4,848
  • Aug 30, 2011 1:38pm Aug 30, 2011 1:38pm
Quoting willauch
On the vertical red line, is this a valid long setup? Or do ALL MTF-HA-Dots have to be the same color? Its a USDCHF M15 Chart.
Yes it could be a vaild setup..all MTF HA Dots do not have to be the same color but people find it easier to just wait till all line up to confirm a stronger enter into the higher TFs trend.

You had the fail at a pivot,ZZ Dot on bottom, HA went from red to green and stoch was crossed up...4 simple rules, you just need to learn how to read the best signals but only chart time can give you that.
  • #4,849
  • Aug 30, 2011 1:48pm Aug 30, 2011 1:48pm
Quoting willauch
On the vertical red line, is this a valid long setup? Or do ALL MTF-HA-Dots have to be the same color? Its a USDCHF M15 Chart.

But since it is almost the end of the day i wouldnt take it...volume just isnt there....well in my eyes.....so go long if you want but im taking a short for shits and giggles!...winner buys the first and last round at the bar
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  • #4,850
  • Aug 30, 2011 2:01pm Aug 30, 2011 2:01pm
Quoting Dredding82
But since it is almost the end of the day i wouldnt take it...volume just isnt there....well in my eyes.....so go long if you want but im taking a short for shits and giggles!...winner buys the first and last round at the bar
no problem,will do :-)

but at the moment im only demo-trading,im new to fx and to intraday trading. my "financial career" consists of rotational trading in stocks and some index trading.

so I have plenty to learn - but I know enough to be patient and not trade real on the spot :-)
  • #4,851
  • Aug 30, 2011 2:06pm Aug 30, 2011 2:06pm
Quoting Dredding82
You should enable your PMs....kinda hard to talk to you in private lol.
How do I do that?
  • #4,852
  • Aug 30, 2011 3:25pm Aug 30, 2011 3:25pm
new to ff and forex trading , just blew up my live acc again , but i am not giving up will follow along to this system
  • #4,853
  • Aug 30, 2011 6:03pm Aug 30, 2011 6:03pm
Quoting Dredding82
But since it is almost the end of the day i wouldnt take it...volume just isnt there....well in my eyes.....so go long if you want but im taking a short for shits and giggles!...winner buys the first and last round at the bar
What is that first indicator (it looks like a handy trend over multiple timeframes), how do I add it to MT4?
  • #4,854
  • Aug 30, 2011 8:07pm Aug 30, 2011 8:07pm
Any idea why I have all these extra semaphores? Just about all my charts have extra ones, but the USDJPY has the most.

Attached Image (click to enlarge)
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Damn The Torpedoes, Full Speed Ahead!
  • #4,855
  • Aug 30, 2011 9:51pm Aug 30, 2011 9:51pm
Huy guys, programmers. I was thinking if you guys could modify the mth has indicator so when it turn all red or green, it would alert us, or maybe even text us. That way we wouldn't miss any setup. I just think that's a good idea. Uwhat yall think.?
  • #4,856
  • Aug 31, 2011 12:13am Aug 31, 2011 12:13am
Quoting fxtrain
Huy guys, programmers. I was thinking if you guys could modify the mth has indicator so when it turn all red or green, it would alert us, or maybe even text us. That way we wouldn't miss any setup. I just think that's a good idea. Uwhat yall think.?

I have ALREADY added an alert to a HA candle indicator so there is no need for the MTF one to have an alert...that is just being lazy..........
  • #4,857
  • Aug 31, 2011 12:14am Aug 31, 2011 12:14am
Quoting DizzleFX
Any idea why I have all these extra semaphores? Just about all my charts have extra ones, but the USDJPY has the most.

Attachment
From what i can tell they look like "floaters"...as some call them. In the indicators settings there is a true/false setting that turns them on and off...i keep them off myself.
  • #4,858
  • Edited 12:43am Aug 31, 2011 12:17am | Edited 12:43am
Quoting FxHancock
What is that first indicator (it looks like a handy trend over multiple timeframes), how do I add it to MT4?
Go back a few pages or click on the paper clip...its the Freebie Volatility Arrow but you must download the Freebie Volatility Indicator for it to work. It does not tell you which way to trade only that there is good movement in the market and it would be ok to trade that TF.
  • #4,859
  • Aug 31, 2011 12:21am Aug 31, 2011 12:21am
Quoting kirkdurant
new to ff and forex trading , just blew up my live acc again , but i am not giving up will follow along to this system

Sounds like you have the problem of almost all new want to be traders do...you have GROND....Get Rich Over Night Disease. LMAO! If you learn proper money management and do not trade more then 2-5% at any given time, which could be 4 trades or 10 trades at once depending on your lot size and stoploss...its HARD TO BLOW your account.
  • #4,860
  • Aug 31, 2011 12:24am Aug 31, 2011 12:24am
Quoting FxHancock
How do I do that?

Its under Your Control Panel, Controls then click on User Options. It should be the 5th choice down from the top that says " Enable Private Messaging"
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