Price Action Trading with Indicators! The Freebie System | Page 259 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #5,161
  • Sep 9, 2011 8:49am Sep 9, 2011 8:49am
Been some huge moves today, hopefully everyone got a little action and made some pips!
Damn The Torpedoes, Full Speed Ahead!
  • #5,162
  • Sep 9, 2011 8:54am Sep 9, 2011 8:54am
Note: In the future, you'll notice me posting from two different trading platforms. I live trade with FXCM and their trading platform but don't have all the available indicators for this strategy so I have to use Metatrader for guidance. **

My first trade this morning (3am my time) was the EUR/USD, red vertical line shows entry and my TP was set at 1.38070 (slightly above the S1 line) which was close enough to meet ADR and close out my trades for the day on that pair.

Second trade was with AUD/USD. I entered once HA trend and stochastic turned downwards. TP was set at 1.05416 (slightly above the M1 line)

There have been some very good trends this week. Lots of movement.
Can't wait to start trading with you all Monday morning.
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  • #5,163
  • Sep 9, 2011 9:44am Sep 9, 2011 9:44am
Quoting neil324
There was a semafor also, which repainted, that was my SL placement. But you dont use semafor. So you use candle type as a guide also.

Just trying to understand why to your eyes without using the semafor it wasnt a LH.
Candle types and trendlines. I have a habit which I can't seem to get out of drawing trendlines I don't use the semaphor because it just shows a higher high and I can see that for myself, but in the case of that particular trade if the down candle had closed below the trendline I might have considered it. As it was it had a large wick that closed back above, so not bearish in my eyes.

By the time I took the trade that I did, the trendline I drew would have moved to the latest low points and we also had 2 very bearish bars from the high.
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  • #5,164
  • Edited 10:06am Sep 9, 2011 9:54am | Edited 10:06am
Heres a picture of how you let a WINNER RUN.........


It is the EurUsd M15 trade i took just yesterday...banked 407 pips and my risk was only 26 pips.....

**EDIT** So for those that can not do the math ...it was a 1 : 15.61 (risk/reward) lol
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  • #5,165
  • Sep 9, 2011 9:57am Sep 9, 2011 9:57am
Quoting Dredding82
Heres a picture of how you let a WINNER RUN.........


It is the EurUsd M15 trade i took just yesterday...banked 407 pips and my risk was only 26 pips.....
LOL I just knew you would be in with this. You were too quiet
  • #5,166
  • Sep 9, 2011 10:02am Sep 9, 2011 10:02am
Quoting DizzleFX
Been some huge moves today, hopefully everyone got a little action and made some pips!
YUPPERS..so do you think all the people that dont trade friday made any of these KILLER pips? NOPES ! lol
  • #5,167
  • Sep 9, 2011 10:04am Sep 9, 2011 10:04am
Quoting Dredding82
Heres a picture of how you let a WINNER RUN.........


It is the EurUsd M15 trade i took just yesterday...banked 407 pips and my risk was only 26 pips.....
Nicely done!
Damn The Torpedoes, Full Speed Ahead!
  • #5,168
  • Sep 9, 2011 10:04am Sep 9, 2011 10:04am
Quoting mustangzs
Note: In the future, you'll notice me posting from two different trading platforms. I live trade with FXCM and their trading platform but don't have all the available indicators for this strategy so I have to use Metatrader for guidance. **

My first trade this morning (3am my time) was the EUR/USD, red vertical line shows entry and my TP was set at 1.38070 (slightly above the S1 line) which was close enough to meet ADR and close out my trades for the day on that pair.

Second trade was with AUD/USD. I entered once HA trend and stochastic turned...
Killer trading...just dont go being a greedy mofo or jumping around to different TFs like alot of people, stick to the rules and make your gains.
  • #5,169
  • Sep 9, 2011 10:07am Sep 9, 2011 10:07am
Quoting ohammond
LOL I just knew you would be in with this. You were too quiet

This week has been too easy...so i have been placing my trades and going to SLEEP! lol I dont worry about hitting a SL..its there to be hit. Plus i like to go quiet from time to time letting others using the system show they are making just as good if not better returns using it...So it shows i am not the only one that can use it.

Thanks for everyone who has been posting this week and helping the newbies out, its time to call it a week and start getting ready for the BAR! Hope everyone has a great weekend!
  • #5,170
  • Edited 12:22pm Sep 9, 2011 11:45am | Edited 12:22pm
HA 4TF MTF Indicator can be set any time interval.
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Attached File(s)
File Type: mq4 #%MTF_Heiken_Ashi ROGER.mq4   9 KB | 740 downloads
  • #5,171
  • Sep 11, 2011 7:52pm Sep 11, 2011 7:52pm
Well the markets are open once again for the week....lets see if we all can have a killer pip making week this week also!
  • #5,172
  • Sep 12, 2011 12:07am Sep 12, 2011 12:07am
The EA is raking in the pips so far today .. 6 trades 6 wins 134 pips 6.57% gain on account so far... prob more if I hadnt interfered on a couple

Nice Work thanks Dredding
  • #5,173
  • Sep 12, 2011 12:53am Sep 12, 2011 12:53am
Quoting kiwiparis
The EA is raking in the pips so far today .. 6 trades 6 wins 134 pips 6.57% gain on account so far... prob more if I hadnt interfered on a couple

Nice Work thanks Dredding
When you get a moment, would it be possible to post a couple of charts, would be interesting.
  • #5,174
  • Sep 12, 2011 1:23am Sep 12, 2011 1:23am
here's one...

will do one at open next time
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  • #5,175
  • Sep 12, 2011 4:47am Sep 12, 2011 4:47am
Hey all,

Have been to busy with my day job, not enough time to check charts. Today nice start of the week + 3%.

Green pips to all.

Udine
Sleep less, live fast, as it aint gonna last
  • #5,176
  • Sep 12, 2011 4:50am Sep 12, 2011 4:50am
Long at arrow.
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  • #5,177
  • Sep 12, 2011 4:55am Sep 12, 2011 4:55am
Couldn't break resistance, out +10
  • #5,178
  • Sep 12, 2011 5:25am Sep 12, 2011 5:25am
Just so everyone knows....the more indicators you add to your chart....the HARDER it is to see everything clear....at the most you need only 3-4 indicators and pivots do not count as an indicator. When you start adding more and more indicators you start to second guess the indicators and yourself...K.I.S.S.............
  • #5,179
  • Sep 12, 2011 6:44am Sep 12, 2011 6:44am
Yeah, i think that's one of my problem. I spent too much time twesking the system by adding, deleting, adding indicators instead of just reading the charts. I should just stick to the basic.

Thanks dred.
Quoting Dredding82
Just so everyone knows....the more indicators you add to your chart....the HARDER it is to see everything clear....at the most you need only 3-4 indicators and pivots do not count as an indicator. When you start adding more and more indicators you start to second guess the indicators and yourself...K.I.S.S.............
  • #5,180
  • Sep 12, 2011 6:45am Sep 12, 2011 6:45am
SL 29 already at 1:1
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Damn The Torpedoes, Full Speed Ahead!
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