Price Action Trading with Indicators! The Freebie System | Page 249 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #4,961
  • Sep 1, 2011 8:07am Sep 1, 2011 8:07am
Quoting tbjohnton
dredding's post 4925, he was letting those that he had put on ignore back in, to see if they could cooperate with the rules that he has layed down. just thought it was funny, like letting kids out of time out.

Tbjohnton,

I understand you thought it was funny, but it happens so many times on threads that people start asking questions, without reading the thread, checking the paperclip, using google first. And next thing you know is that the focus is no longer on trading the system, but on a lot of nonsense with the result that the thread dies.

Therefore I understand the position of Dred, to keep the thread free of nonsense and non serious people.

If you want to make it in the fx business, you have to treat it like one, as you and only you are fully responsible as the CEO of ME Inc.



Udine
Sleep less, live fast, as it aint gonna last
  • #4,962
  • Sep 1, 2011 8:10am Sep 1, 2011 8:10am
Quoting tbjohnton
dredding's post 4925, he was letting those that he had put on ignore back in, to see if they could cooperate with the rules that he has layed down. just thought it was funny, like letting kids out of time out.
Ah, I understand what you mean now!
  • #4,963
  • Sep 1, 2011 8:11am Sep 1, 2011 8:11am
Here its 17:00 I'm geting ready for the bar.

This is a special invitation for DizzleFX:

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #4,964
  • Sep 1, 2011 8:18am Sep 1, 2011 8:18am
Quoting Udine
Tbjohnton,

I understand you thought it was funny, but it happens so many times on threads that people start asking questions, without reading the thread, checking the paperclip, using google first. And next thing you know is that the focus is no longer on trading the system, but on a lot of nonsense with the result that the thread dies.

Therefore I understand the position of Dred, to keep the thread free of nonsense and non serious people.

If you want to make it in the fx business, you have to treat it like one, as you and only you are fully...

I agree with you 101% - we need to keep this a serious place to do business. Just take a look at the nonesense that goes on in the EURUSD thread when there is a free for all. I for one love it that Dred keeps things nice and tight here.
  • #4,965
  • Sep 1, 2011 8:18am Sep 1, 2011 8:18am
Quoting Udine
Here its 17:00 I'm geting ready for the bar.
You need to stop drinking so much!
  • #4,966
  • Sep 1, 2011 8:19am Sep 1, 2011 8:19am
Quoting Udine
Here its 17:00 I'm geting ready for the bar.

This is a special invitation for DizzleFX:

Udine
Looks good to me Udine! Big upgrade from the Jack and Jim i usually sip!
Damn The Torpedoes, Full Speed Ahead!
  • #4,967
  • Sep 1, 2011 8:55am Sep 1, 2011 8:55am
Quoting FxHancock
You need to stop drinking so much!

I prefer quality over quantity: Life is too short to drink cheap (sh@t) )

Udine
Sleep less, live fast, as it aint gonna last
  • #4,968
  • Sep 1, 2011 8:55am Sep 1, 2011 8:55am
Quoting DizzleFX
Looks good to me Udine! Big upgrade from the Jack and Jim i usually sip!

I don't know about tomorrow, but surely today you deserve it

Udine
Sleep less, live fast, as it aint gonna last
  • #4,969
  • Sep 1, 2011 9:28am Sep 1, 2011 9:28am
Quoting Udine
I don't know about tomorrow, but surely today you deserve it

Udine
Thanx Udine, next bottles on me!
Damn The Torpedoes, Full Speed Ahead!
  • #4,970
  • Sep 1, 2011 9:30am Sep 1, 2011 9:30am
2nd and 3rd trade on the freebie system daily on demo 0.01 lot size for testing only.
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  • #4,971
  • Sep 1, 2011 12:16pm Sep 1, 2011 12:16pm
Came home from school early today and first time trading during US session.
+11 pips and let other half run on BE and will see what happens..
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  • #4,972
  • Sep 1, 2011 12:25pm Sep 1, 2011 12:25pm
Not sure if the room wants charts other than the Freebie system posted, however for the sake of the concept of the system and goes with Paulus's post.

  1. Higher Highs or Lower Lows
  2. Pivot Support, Resistance or Breakthrough
  3. MTF HA Change

Thought it may be ok. I am showing the 5 Min Freebie Candles

Trading Journal Note: Entered the UC trades outside the upper or lower 20% of the range as Paulus prefers.

2 trades 2 wins for +8% ROC Risking 2% Per Trade

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  • #4,973
  • Edited 12:42pm Sep 1, 2011 12:31pm | Edited 12:42pm
Quoting fxtrain
Came home from school early today and first time trading during US session.
+11 pips and let other half run on BE and will see what happens..
Check your ADR....It has already been reached once.



**EDIT** You still have like 30 pips to go so i would set a TSL for that and then dont worry about it or something. It all depends on your MM
  • #4,974
  • Sep 1, 2011 12:38pm Sep 1, 2011 12:38pm
Forgot about that one...
Quoting Dredding82
Check your ADR....
  • #4,975
  • Sep 1, 2011 12:48pm Sep 1, 2011 12:48pm
Quoting Evestor
Not sure if the room wants charts other than the Freebie system posted, however for the sake of the concept of the system and goes with Paulus's post.

  1. Higher Highs or Lower Lows
  2. Pivot Support, Resistance or Breakthrough
  3. MTF HA Change

Thought it may be ok. I am showing the 5 Min Freebie Candles

[color=black][font=Verdana]Trading Journal Note: Entered the UC trades outside the...


If you look at the start of this thread you will see i use HH/LL..but check out your MTF HA indicator which was added for you newbies....Tells you the SAME THING! lol
  • #4,976
  • Edited 1:16pm Sep 1, 2011 1:06pm | Edited 1:16pm
Quoting Dredding82
If you look at the start of this thread you will see i use HH/LL..but check out your MTF HA indicator which was added for you newbies....Tells you the SAME THING! lol
Exactly. Didn't I use the phrase "concept of the system"? I will endeavor to make the post more relative.
  • #4,977
  • Sep 1, 2011 1:08pm Sep 1, 2011 1:08pm
I'm really getting tired of you guys taking all the money... lolz....just kidding...everyone
No man is free who is not a master of himself. -P.M.-
  • #4,978
  • Sep 1, 2011 1:28pm Sep 1, 2011 1:28pm
Quoting pmullin86
I'm really getting tired of you guys taking all the money... lolz....just kidding...everyone
Well stop sitting on the sidelines and get your A*S in the game man! I even give you the the heads up most time on the "DL" lmao
  • #4,979
  • Sep 1, 2011 2:22pm Sep 1, 2011 2:22pm
Hi Dredd exc trade and i would taken it on basis of the firm recent rejection of the Daily Pivot and also once the LL of session (the swing low that made the LL) was broken this confirmed M15 in downtrend.

Looking at the MTF indy and the one in the bottom not all the trend indys were showing red at entry.

Im assuming your experience of how to read trend and the pivot fail, plus stoch crossed down meant you didnt have to follow the indy alone.

I say this because the pivot fail was actually a HH for session, looking at previous swing highs, so when the ZZ appeared at top we had LLs and HHS.

Looking back ar prev day I can see PA around the pivot area which would have helped my decision.

Not questioning your trading more seeking checking understanding to improve mine if thats ok.

Cheers

ST

Quoting Dredding82
Took this a few candles ago already went for a 1:3 risk:reward moved SL to below enter & closed a % of my lots to lock in profits ... so now it is a RISK FREE TRADE!
" Dont wait for your boat to come in ..... swim out and meet it"
  • #4,980
  • Sep 1, 2011 2:27pm Sep 1, 2011 2:27pm
Quoting pmullin86
I'm really getting tired of you guys taking all the money... lolz....just kidding...everyone
I just closed half my lots on my EU trade just for you! Now there is plenty of pips to go around!
Damn The Torpedoes, Full Speed Ahead!
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