Price Action Trading with Indicators! The Freebie System | Page 262 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #5,221
  • Sep 13, 2011 8:31pm Sep 13, 2011 8:31pm
Quoting Dredding82
SL @ 22pips...already went for 55 pips....1:2 (risk/reward)........Just manage the trade was the market continues to move. If you miss a move by a few candles dont worry about that trade just wait for the next setup. You should also take into account the length of the candle.
thanks will do , going to close at the pivot , its not moving right now and the candles are small might be setting up for a sell at the failed pivot break on 15m
  • #5,222
  • Sep 13, 2011 8:34pm Sep 13, 2011 8:34pm
Quoting kirkdurant
thanks will do , going to close at the pivot , its not moving right now and the candles are small might be setting up for a sell at the failed pivot break on 15m

Why not close 1/2 your lots and let it ride?........or close 1/2 lots and move to SL to BE? You have to find what works for you or a mix of everything that will help you keep profits while reducing risk some if not all the way...FREE TRADES are the best! lol Everyone seems to forget to let there winners run........which if you have seen most of my killer trades, that is how i was in them and made so much profit off of them.
  • #5,223
  • Sep 13, 2011 9:00pm Sep 13, 2011 9:00pm
made some up pips now making some down pips
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  • #5,224
  • Sep 13, 2011 9:31pm Sep 13, 2011 9:31pm
Took the Short myself...looking PRETTY! lol
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  • #5,225
  • Sep 13, 2011 9:57pm Sep 13, 2011 9:57pm
AUD/USD was an A+ setup , 25pips going up and 50+ going down system is really easy to follow if u take note of all the rules
  • #5,226
  • Sep 13, 2011 10:48pm Sep 13, 2011 10:48pm
Man, that AU move was an easy 100+ pips! Kind of early!
Damn The Torpedoes, Full Speed Ahead!
  • #5,227
  • Sep 13, 2011 10:56pm Sep 13, 2011 10:56pm
Took this one a few minutes back. Right now bouncing around the 1:1 mark! SL 26 pips

Attached Image (click to enlarge)
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Damn The Torpedoes, Full Speed Ahead!
  • #5,228
  • Sep 14, 2011 12:12am Sep 14, 2011 12:12am
Well this trade has been KILLER! Locked in a 1:1 (risk/reward) Now just letting the pair do its thing since profits have been made and currently at a 1:5 (risk/reward)......
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  • #5,229
  • Sep 14, 2011 12:13am Sep 14, 2011 12:13am
Quoting DizzleFX
Took this one a few minutes back. Right now bouncing around the 1:1 mark! SL 26 pips

Attachment

Nice trade....just becareful at OB/OS levels.
  • #5,230
  • Sep 14, 2011 2:24am Sep 14, 2011 2:24am
Waiting
http://i1236.photobucket.com/albums/...uy/waiting.gif

Fine tuning, waiting for the drop:
http://i1236.photobucket.com/albums/...llwaiting1.gif
  • #5,231
  • Sep 14, 2011 2:44am Sep 14, 2011 2:44am
Up about 50 pips
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  • #5,232
  • Sep 14, 2011 4:19am Sep 14, 2011 4:19am
Still waiting...
http://i1236.photobucket.com/albums/...illwaiting.gif
  • #5,233
  • Sep 14, 2011 5:21am Sep 14, 2011 5:21am
Finally making the transition to M15. Here is the first live trade. H1 on 4TF-HAS was still red but it look good enough to me.
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  • #5,234
  • Sep 14, 2011 6:43am Sep 14, 2011 6:43am
I'm waiting for a short setup on the EURUSD, failed at pivot waiting for red candle and red HA BARS, H4 shows short trend.
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  • #5,235
  • Sep 14, 2011 7:27am Sep 14, 2011 7:27am
Quoting bluexpec
I'm waiting for a short setup on the EURUSD, failed at pivot waiting for red candle and red HA BARS, H4 shows short trend.
Why do you say the H4 shows a short trend??
  • #5,236
  • Sep 14, 2011 7:34am Sep 14, 2011 7:34am
Just took the short on the EURUSD.
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  • #5,237
  • Sep 14, 2011 7:42am Sep 14, 2011 7:42am
Quoting ohammond
Why do you say the H4 shows a short trend??
Hi Ohammond, I was looking at my 4H chart and it's in a downwards trend, looking like it's bouncing of the 38.2 Fibo.

Hope I'm not wrong, only trying, trying to get out of a very bad 4 month slump. Will appreciate any comments and help. I'll include my H4 Chart.
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  • #5,238
  • Sep 14, 2011 8:12am Sep 14, 2011 8:12am
Quoting bluexpec
Hi Ohammond, I was looking at my 4H chart and it's in a downwards trend, looking like it's bouncing of the 38.2 Fibo.

Hope I'm not wrong, only trying, trying to get out of a very bad 4 month slump. Will appreciate any comments and help. I'll include my H4 Chart.
Oh I see, I thought you meant the H4 HA candles were showing a downtrend. Yes, its a definite downtrend if you look at the H4 chart, but bear in mind a retrace on the H4 can be a lot of pips.

Also, don't forget what Dred says HA candles confirm price action and the H4 HA candle turned green because of the pin and the confirmation candle that it was "probably" going up.

I also put a sell in roughly where you did, although I work from the 5min chart, but I don't expect as many pips from it that I would from all the timeframes agreeing with it. Of course, if the H4 then turns red I would hold on for longer
  • #5,239
  • Sep 14, 2011 9:14am Sep 14, 2011 9:14am
Quoting Dredding82
Nice trade....just becareful at OB/OS levels.
I did happen to get 1:1 out of it, although it went for about 1:2. Just couldn't stay up long enough to monitor the trade. I did close half my lots out an set SL to BE just for good measures!
Damn The Torpedoes, Full Speed Ahead!
  • #5,240
  • Edited 10:12am Sep 14, 2011 9:51am | Edited 10:12am
Jumped on the Cable again this morning, SL 28 pips already at 1:2
Edit: i took the trade 2 red candles after the 3 semephor. Im not at home to put up a picture showing exactly wich candle. Sorry!

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Damn The Torpedoes, Full Speed Ahead!
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