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Price Action Trading with Indicators! The Freebie System

  • #5,061
  • Sep 6, 2011 2:07am Sep 6, 2011 2:07am
Quoting ohammond
It sure was, came off demo a long time ago

Nice, very nice

Udine
Sleep less, live fast, as it aint gonna last
  • #5,062
  • Sep 6, 2011 2:09am Sep 6, 2011 2:09am
Quoting Udine
I have been looking at those, and also this one: http://www.digitaltigers.com/

As I am at work I have to use what I got there.

But i'll go for the compounding for sure
Another way of getting a top performing PC is build it yourself, there is nothing hard about building your own. Just get all the specs of the PC you like at digitaltigers or where ever then go to a site like http://www.microdirect.co.uk and price all the components (all that money you save can be put back into trading).

The fun part is building it -
Your Attitude Determines Your Altitude
  • #5,063
  • Sep 6, 2011 2:11am Sep 6, 2011 2:11am
Quoting ohammond
It sure was, came off demo a long time ago
i was live too but i got out before it shot up, i only got 25 pips
  • #5,064
  • Sep 6, 2011 2:15am Sep 6, 2011 2:15am
Quoting kirkdurant
i was live too but i got out before i shot up only got 25 pips
Actually I was lucky I didn't see it until it was nearly 700 pips as I have had connection problems this morning or I probably would have taken it earlier as well
  • #5,065
  • Sep 6, 2011 2:17am Sep 6, 2011 2:17am
Quoting ohammond
LOL what sort of R:R is a 30 pip stop loss and 800 pip take profit
The SH*T DREAMS are made of! lol

MEGA KILLER DOPE TRADING!

P.S. Its a 1:26.7 Risk:Reward lmao!
  • #5,066
  • Sep 6, 2011 2:20am Sep 6, 2011 2:20am
Quoting forexnutter
Another way of getting a top performing PC is build it yourself, there is nothing hard about building your own. Just get all the specs of the PC you like at digitaltigers or where ever then go to a site like http://www.microdirect.co.uk and price all the components (all that money you save can be put back into trading).

The fun part is building it -

Thanks, but it is also a matter of time (something that I dont have too much available

Udine
Sleep less, live fast, as it aint gonna last
  • #5,067
  • Sep 6, 2011 2:27am Sep 6, 2011 2:27am
Quoting Dredding82
The SH*T DREAMS are made of! lol

MEGA KILLER DOPE TRADING!

P.S. Its a 1:26.7 Risk:Reward lmao!
Thanks Dred, but the credit goes to you, I love this strategy, it works so well even on normal days
  • #5,068
  • Sep 6, 2011 2:27am Sep 6, 2011 2:27am
Quoting willauch
#1) yeah, lotsize would be decreased - but wouldn´t the upper daily range most likely prevent a R:R of at least 1:1? The TP would be in the skies...

#2) So waiting for a retrace is not overthinking, godd to know lol... What if the stoch (or another indicator) goes downwards because of the retrace. Does this make the signal irrelevant? Or would you still enter?
Read your first post then read mine again.........its simple stop over thinking.......................
  • #5,069
  • Sep 6, 2011 2:29am Sep 6, 2011 2:29am
Quoting ohammond
Thanks Dred, but the credit goes to you, I love this strategy, it works so well even on normal days

Thanks man....I just wish a normal day always had the banks stepping in! lol
  • #5,070
  • Sep 6, 2011 2:44am Sep 6, 2011 2:44am
Thing is from big moves like these do you consider them now in uptrends or do you expect them to fall back in to the previous/earlier trend i.e. retrace some of their positions?

I'm sure your rules would consider going against these big moves as counter trend.
  • #5,071
  • Sep 6, 2011 2:48am Sep 6, 2011 2:48am
Quoting FxHancock
Thing is from big moves like these do you consider them now in uptrends or do you expect them to fall back in to the previous/earlier trend i.e. retrace some of their positions?

I'm sure your rules would consider going against these big moves as counter trend.
Stick to the RULES...and stop over thinking.......FOLLOW THE INDICATORS......
  • #5,072
  • Sep 6, 2011 2:52am Sep 6, 2011 2:52am
Quoting FxHancock
Took another short, EURUSD M15 this time, ST 28 pips, TP ~50.
Well this trade remained on all night whilst I slept, woke up and it was at BE.

Missed the target by the spread (~3 pips) only, how frustrating!
  • #5,073
  • Sep 6, 2011 2:54am Sep 6, 2011 2:54am
Quoting Dredding82
Stick to the RULES...and stop over thinking.......FOLLOW THE INDICATORS......
Understood.

Can I pick your brain, what would you consider the trend of the EURUSD now - still down longerterm?
  • #5,074
  • Sep 6, 2011 3:18am Sep 6, 2011 3:18am
Attached Image (click to enlarge)
Click to Enlarge Name: possible setup.gif Size: 24 KB


is this a possible setup
  • #5,075
  • Sep 6, 2011 3:22am Sep 6, 2011 3:22am
Quoting kirkdurant
Attachment

is this a possible setup
That's what I was looking at. My only concern is the 'new' trend.
  • #5,076
  • Sep 6, 2011 3:29am Sep 6, 2011 3:29am
Quoting Dredding82
Looks pretty and all but i have been told people would make an EA like 20 times now so wont get my hopes up...oh and by the way there was NO fail at a pivot in the picture of that trade you showed lol....unless there is a pivot that is not showing up in the picture.
Hope is the last to die

Never pivots are missing. In the picture you see a new possible breakout on H4 (gray up-arrow), and is correct. If you go on H4, see that the 20:00 candle (picture is GMT+2), which gorups 16 M15 candles from 20:00 to 23:00, went's right trough the floor pivot (yellow one).

The algorithm to detect piv fail/bo is a bit complex (there are many variables in the market movements). Good result in debug/testing, but certainly may yet be improved with the feedback of a deep EA use.

J.
  • #5,077
  • Sep 6, 2011 3:38am Sep 6, 2011 3:38am
Quoting FxHancock
That's what I was looking at. My only concern is the 'new' trend.
we dont have an edge in this one so its best to wait for more confirmation and conserve our capital,,, lol

I just funded my acc AGAIN!!!!!!!!
  • #5,078
  • Sep 6, 2011 3:43am Sep 6, 2011 3:43am
Quoting kirkdurant
we dont have an edge in this one so its best to wait for more confirmation and conserve our capital,,, lol

I just funded my acc AGAIN!!!!!!!!
It appears to me FX is quite tricky, my account is down after the first week.
  • #5,079
  • Sep 6, 2011 3:44am Sep 6, 2011 3:44am
Quoting FxHancock
It appears to me FX is quite tricky, my account is down after the first week.
patience is key
  • #5,080
  • Sep 6, 2011 4:40am Sep 6, 2011 4:40am
Quoting kirkdurant
Attachment

is this a possible setup
That was a valid retrace trade, I was so close to clicking sell at ~90 and it would have made a relatively painless 50 pips. C'est la vie!
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