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Price Action Trading with Indicators! The Freebie System

  • #4,981
  • Sep 1, 2011 4:28pm Sep 1, 2011 4:28pm
Great posts here today chaps.

Have to catch up tmw as must get some work done

ST
" Dont wait for your boat to come in ..... swim out and meet it"
  • #4,982
  • Edited 5:34pm Sep 1, 2011 5:23pm | Edited 5:34pm
Quoting Udine
Dred,

I know about you . It is like having you on top of the inventory list.

Seriously though, I see quite some people lurking, but not posting, so I was curious if they are really trying out your system or not.

So guys and girls (if present), let us know your results please (positive or negative).

Udine
Well i tried it got into 6 trades. 2 wins (30 pip average) 2 losses (15 pip average) and 2 still going but both in the positives (1 is about break even and the other is +100 pips)

So overall cant complain. Win loss ratio isnt as good as I would like but in the end winning percentage dont mean much if your positive in the pips
  • #4,983
  • Sep 1, 2011 7:17pm Sep 1, 2011 7:17pm
Quoting 2scoops
2nd and 3rd trade on the freebie system daily on demo 0.01 lot size for testing only.

Nice trading... I'm up 240 pips on each of these. Also took USD/CHF... up 110 on that one.
  • #4,984
  • Sep 1, 2011 8:22pm Sep 1, 2011 8:22pm
Quoting Dredding82
Nice trading
Thanks, it's, partially, your "fault".
  • #4,985
  • Sep 1, 2011 8:45pm Sep 1, 2011 8:45pm
Quoting pp22
Well i tried it got into 6 trades. 2 wins (30 pip average) 2 losses (15 pip average) and 2 still going but both in the positives (1 is about break even and the other is +100 pips)

So overall cant complain. Win loss ratio isnt as good as I would like but in the end winning percentage dont mean much if your positive in the pips

Your win/loss ratio will improve as you use the system and get more chart time using it. Once you see the same setups happen over and over and over and over....etc.....you will see things in a new light! Then you will slap yourself for seeing how SIMPLE trading really is lol
  • #4,986
  • Sep 1, 2011 8:47pm Sep 1, 2011 8:47pm
Quoting morris1
Thanks, it's, partially, your "fault".

Sorry your statement is over my head...i have no ideal what you are talking about lol
  • #4,987
  • Sep 1, 2011 11:28pm Sep 1, 2011 11:28pm
Thanks guys for responding and showing great trades !!!

Keep the green pips flowing and the charts coming. It is very motivating to see winning trades .

Note to self: today is NFP; be very carefull !!

Udine
Sleep less, live fast, as it aint gonna last
  • #4,988
  • Sep 2, 2011 2:02am Sep 2, 2011 2:02am
1 hour Usd/Chf trade is producing some nice pips this morning.
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  • #4,989
  • Sep 2, 2011 2:28am Sep 2, 2011 2:28am
Quoting prof8t
Nice trading... I'm up 240 pips on each of these. Also took USD/CHF... up 110 on that one.

Thanks - I was inspired by your trading on the daily prof8t :-)
  • #4,990
  • Sep 2, 2011 2:30am Sep 2, 2011 2:30am
Not sure if this was considered counter-trend (daily is down) but H4 all smaller TFs were UP, other rules met.

Purple line entry.

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  • #4,991
  • Sep 2, 2011 2:31am Sep 2, 2011 2:31am
Quoting prof8t
Nice trading... I'm up 240 pips on each of these. Also took USD/CHF... up 110 on that one.
May I ask how big are/were your stops on those?

Thanks.
  • #4,992
  • Sep 2, 2011 3:28am Sep 2, 2011 3:28am
Took a trade off the 5M, confirmed down trend on 15M and 1H.

Short on GBPCHF.
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  • #4,993
  • Sep 2, 2011 3:33am Sep 2, 2011 3:33am
Quoting FxHancock
May I ask how big are/were your stops on those?

Thanks.

Just above (or below) the semafor always for me.
  • #4,994
  • Sep 2, 2011 3:46am Sep 2, 2011 3:46am
Quoting FxHancock
Took a trade off the 5M, confirmed down trend on 15M and 1H.

Short on GBPCHF.
Stop at +10.
  • #4,995
  • Sep 2, 2011 3:52am Sep 2, 2011 3:52am
Quoting FxHancock
May I ask how big are/were your stops on those?

Thanks.
one of my best trades so far

red verticle line was entry at .8040 original sl was .8250 (just above the semafor) and tp was .7810 (conservative 1:1.5 and just right above the pivot)

ive tightened the stops a few times along the way, I should probably close it now at +260 but ill let it play out.

*EDIT* TP hi for +294 pips... all I can say is wow! You da man Dred!
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  • #4,996
  • Sep 2, 2011 3:56am Sep 2, 2011 3:56am
Quoting FxHancock
Stop at +10.
Profit take at +60
  • #4,997
  • Sep 2, 2011 4:10am Sep 2, 2011 4:10am
Looking a potential setup on the EURUSD short (M15).
  • #4,998
  • Sep 2, 2011 4:15am Sep 2, 2011 4:15am
Quoting FxHancock
Looking a potential setup on the EURUSD short (M15).
No good on this HA, potential if pivot fails on the next HA.

edit: I hope people don't mind me posting on here, Dredding just shout up if you want me to stop! I've had two wins this morning from the charts I posted, so hopefully I'm helping myself and others new to this method.
  • #4,999
  • Sep 2, 2011 5:21am Sep 2, 2011 5:21am
USDCAD long, second rejection and equal bottom of pivot, higher high, lower high on M15. Could be a reversal because daily is DOWN but H4 is UP. Strong HA move up, counter-trend trade.

ST 757 (22pips)
TP 807 (26pips)

I'll be quick to move my stop if it goes my way.
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  • #5,000
  • Sep 2, 2011 5:54am Sep 2, 2011 5:54am
Quoting FxHancock
May I ask how big are/were your stops on those?

Thanks.
By the rules... above the swing high...
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