Price Action Trading with Indicators! The Freebie System | Page 244 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #4,861
  • Aug 30, 2011 10:46pm Aug 30, 2011 10:46pm
Quoting FxHancock
What is that first indicator (it looks like a handy trend over multiple timeframes), how do I add it to MT4?
Oh....wait..you mean the Freebie Trend Arrow...it is still in the testing stages...will have to wait for that one once i get feed back in a few weeks from the testers.
  • #4,862
  • Aug 30, 2011 10:56pm Aug 30, 2011 10:56pm
Looks like that UsdChf M15 short made me some profits.....i will have a budlight with a captian & coke for the first round lol I will get back to you at last call for the round of shots
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  • #4,863
  • Aug 30, 2011 11:37pm Aug 30, 2011 11:37pm
Green pips to all.

Got my daily shot of +5 % already (made a stupid mistake twice GU instead of 1 GU and 1 EU, but who cares ...).

Enjoy and green pips to all.

Udine
Sleep less, live fast, as it aint gonna last
  • #4,864
  • Aug 31, 2011 12:29am Aug 31, 2011 12:29am
Ok hopefully I'm getting this right: SHORT USDJPY as per the below chart (last night 2300GMT) - trending down, ZZ on top, failed at pivot, stoch turned down, last candle closed red and 1:1 available to next pivot.

Yes/no?
Attached Image (click to enlarge)
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  • #4,865
  • Aug 31, 2011 12:39am Aug 31, 2011 12:39am
Quoting FxHancock
Ok hopefully I'm getting this right: SHORT USDJPY as per the below chart (last night 2300GMT) - trending down, ZZ on top, failed at pivot, stoch turned down, last candle closed red and 1:1 available to next pivot.

Yes/no?

If you make atleast 1:1 risk reward then YES it was a good setup.. lol but i would have taken it if i was watching that pair at the moment but not on the M5 i would have either entered on the M15 or the H1 once everything was confirmed or about to..
  • #4,866
  • Aug 31, 2011 12:51am Aug 31, 2011 12:51am
Quoting FxHancock
Ok hopefully I'm getting this right: SHORT USDJPY as per the below chart (last night 2300GMT) - trending down, ZZ on top, failed at pivot, stoch turned down, last candle closed red and 1:1 available to next pivot.

Yes/no?
P.S. its easier for memeber to see your trade if you place a line on the candle where the trade would have been taken...
  • #4,867
  • Aug 31, 2011 12:52am Aug 31, 2011 12:52am
I did notice on your charts you prefer M15 for entry.

I also found the indicator - http://www.forexfactory.com/showthread.php?p=4644309#post4644309

It's the "MTF Heiki Ashi".


Quoting Dredding82
P.S. its easier for memeber to see your trade if you place a line on the candle where the trade would have been taken...
Ok will add one in the future.
  • #4,868
  • Edited 1:05am Aug 31, 2011 12:54am | Edited 1:05am
Quoting FxHancock
I did notice on your charts you prefer M15 for entry.

I also found the indicator - http://www.forexfactory.com/showthread.php?p=4644309#post4644309

It's the "MTF Heiki Ashi".




Ok will add one in the future.
ALL indicators are in the #1 post in the ZIP file................I like 2 charts...to see the swings on different periods but newbies dont understand the simple things lol so thats why the MTF HA is used. And i dont see why people post links to the indicators in that are in this thread when you can just use the paper clip at the top right of the thread...it shows all images and indicators that have been uploaded to this thread...........
  • #4,869
  • Aug 31, 2011 1:08am Aug 31, 2011 1:08am
Quoting Dredding82
ALL indicators are in the #1 post in the ZIP file................I like 2 charts...to see the swings on different periods but newbies dont understand the simple things lol so thats why the MTF HA is used. And i dont see why people post links to the indicators in that are in this thread when you can just use the paper clip at the top right of the thread...it shows all images and indicators that have been uploaded to this thread...........
I see, so the MTF HA is a cheat/lazy tool - hahal!
  • #4,870
  • Aug 31, 2011 1:17am Aug 31, 2011 1:17am
Quoting FxHancock
I see, so the MTF HA is a cheat/lazy tool - hahal!

yea pretty much and not as good as using your eyes to look where the swings on a higher TF are.........another reason so many people over look because they do not take the time to read this thread from the start.
  • #4,871
  • Aug 31, 2011 1:26am Aug 31, 2011 1:26am
Quoting Dredding82
yea pretty much and not as good as using your eyes to look where the swings on a higher TF are.........another reason so many people over look because they do not take the time to read this thread from the start.
I'm trying! Currently up to page 178, I must admit I need to re-read quite a bit because there's a lot to take in... also no disrespect to other members but a lot of conflicting information. Perhaps I should just re-read your posts.
  • #4,872
  • Aug 31, 2011 1:38am Aug 31, 2011 1:38am
Quoting FxHancock
I'm trying! Currently up to page 178, I must admit I need to re-read quite a bit because there's a lot to take in... also no disrespect to other members but a lot of conflicting information. Perhaps I should just re-read your posts.

FxHancock,

Put the thread in a printable version and copy all posts in word. Then delete all NOT important posts and you have your thread bible.

A little bit of work, but its worth the efford.

Green pips.

Udine
Sleep less, live fast, as it aint gonna last
  • #4,873
  • Aug 31, 2011 1:43am Aug 31, 2011 1:43am
So I'm thinking a LONG on the EURCHF is in play?

Pivot rejected, stoch turning from the bottom, last HA closing green, and even though recent trend has been reversal the daily and weekly trend is UP.

SL - 724
Entry - 741
TP -797

Don't execute if M15 HA closes red.
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  • #4,874
  • Aug 31, 2011 1:44am Aug 31, 2011 1:44am
Quoting Udine
FxHancock,

Put the thread in a printable version and copy all posts in word. Then delete all NOT important posts and you have your thread bible.

A little bit of work, but its worth the efford.

Green pips.

Udine
Good idea.
  • #4,875
  • Aug 31, 2011 1:58am Aug 31, 2011 1:58am
Quoting FxHancock
So I'm thinking a LONG on the EURCHF is in play?

Pivot rejected, stoch turning from the bottom, last HA closing green, and even though recent trend has been reversal the daily and weekly trend is UP.

SL - 724
Entry - 741
TP -797

Don't execute if M15 HA closes red.

Dont think...just FOLLOW the indicators that is why they are there!
  • #4,876
  • Aug 31, 2011 2:30am Aug 31, 2011 2:30am
Potential Short setup on USDCAD in the next 15mins.
  • #4,877
  • Aug 31, 2011 3:23am Aug 31, 2011 3:23am
Quoting FxHancock
Potential Short setup on USDCAD in the next 15mins.
I broke a rule, literally took the short trade on the last 30 seconds of the HA as it was red then it turned green at close... doh!

Tight stop though, only 12 pips.
Attached Image (click to enlarge)
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  • #4,878
  • Edited 5:48am Aug 31, 2011 3:26am | Edited 5:48am
Quoting Dredding82
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.
its from not having a trading plan and not applying stop loss to all trades and not having reasonable take profits
  • #4,879
  • Aug 31, 2011 3:42am Aug 31, 2011 3:42am
Quoting FxHancock
I broke a rule, literally took the short trade on the last 30 seconds of the HA as it was red then it turned green at close... doh!

Tight stop though, only 12 pips.

Patience is a vitue

Sometimes you win, sometimes you learn !!

Udine
Sleep less, live fast, as it aint gonna last
  • #4,880
  • Aug 31, 2011 3:48am Aug 31, 2011 3:48am
Quoting Udine
Patience is a vitue

Sometimes you win, sometimes you learn !!

Udine
FX is incredibly slow today, is this normal?
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