Price Action Trading with Indicators! The Freebie System | Page 263 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Freebie 1 min trading method 1,227 replies

Naked Trading Using Price Action (No Indicators) 32 replies

Pure Price Action Trading - NO lines or indicators 49 replies

Help adding a filter to the Freebie Indicator 3 replies

EUR/USD Trading Price Action System 2 replies

Attachments: Price Action Trading with Indicators! The Freebie System
Exit Attachments

Price Action Trading with Indicators! The Freebie System

  • #5,241
  • Sep 14, 2011 10:02pm Sep 14, 2011 10:02pm
eur gbp sell...went ahead and closed for 2% or 1:1 R:R
Attached Image (click to enlarge)
Click to Enlarge Name: sell.gif Size: 32 KB
No man is free who is not a master of himself. -P.M.-
  • #5,242
  • Sep 14, 2011 10:20pm Sep 14, 2011 10:20pm
Thanks Dred for a great thread and system! I've been slowly working my way through the thread and learning so much it's awesome, mostly as I've needed to replace some of the earlier "learning" with a proper technique! As to trading - had a great week last week with small position sizes following the trends, have found it a little harder this week, found myself trading around mid market times for asia and london due to work and been caught mid trend a few times. All good for learning, took a couple of little hits on the chin! Please keep me in the loop with the trend direction indi you have on your charts now, any assistance to keep me focused on overall direction would be great! I've just added the signal indicator to learn how to incorporate it into my trading plan. Thanks again for an awesome system and also to all the previous posters' - I've enjoyed reading your comments and learning from the many charts!
Cheers!
  • #5,243
  • Edited 2:35am Sep 15, 2011 12:51am | Edited 2:35am
How important is it that stochastics looks "right" e.g. i've had a few failed setups that have been strongly with the trend, pivot fail, semafor, HA candle agreement and stoch cross. But the stochasic slope was poor (almost flat) the best setups seem to be where stochasics has just broke under the 80 or over the 20 with a good slope. Is Stoch slope and position important?
  • #5,244
  • Sep 15, 2011 2:35am Sep 15, 2011 2:35am
Quoting 2scoops
How important is it that stochastics looks "right" e.g. i've had a few failed setups that have been strongly with the trend, pivot fail, semafor, HA candle agreement and stoch cross. But the stochasic slope was poor (almost flat) the best setups seem to be where stochasics has just broke under the 80 or over the 20. Is Stoch slope and position important?

I have found that using the 80/20 lines, the trades seems to have a better chance of success. In fact, I will only trade setups such as those.
  • #5,245
  • Sep 15, 2011 2:40am Sep 15, 2011 2:40am
Quoting 2scoops
How important is it that stochastics looks "right" e.g. i've had a few failed setups that have been strongly with the trend, pivot fail, semafor, HA candle agreement and stoch cross. But the stochasic slope was poor (almost flat) the best setups seem to be where stochasics has just broke under the 80 or over the 20 with a good slope. Is Stoch slope and position important?
If you do not know how or why an indicator works...do your homework...look up everything you can find on it. Look for other systems that use it and see how they apply it to there trading. But as i said yesterday...becareful around OB/OS levels (80/20) lol
  • #5,246
  • Sep 15, 2011 2:42am Sep 15, 2011 2:42am
Took this one awhile ago but had internet problems right after i took it so could not post..LOOKING PRETTY TO ME!

Already moved SL to just above my entry and took some profits off the table.....RISK FREE TRADE!
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 109 KB
  • #5,247
  • Sep 15, 2011 2:47am Sep 15, 2011 2:47am
Took the long also right before i lost my internet for a few hours....Closed it out and went short but trend looked like it was staying UP so i closed the short for 2 pips and looking to go long maybe in a few if the setup confirms.:nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 111 KB
  • #5,248
  • Sep 15, 2011 2:49am Sep 15, 2011 2:49am
Quoting Dredding82
Took the long also right before i lost my internet for a few hours....Closed it out and went short but trend looked like it was staying UP so i closed the short for 2 pips and looking to go long maybe in a few if the setup confirms.:nerd:
Similar for me on the EUR/GBP as I went short and it was a free trade which I was going to let ride but the trend looked up overall and so I just took profits at 1:1 which who can go broke taking profits lol...
No man is free who is not a master of himself. -P.M.-
  • #5,249
  • Sep 15, 2011 4:05am Sep 15, 2011 4:05am
Quoting prof8t
I have found that using the 80/20 lines, the trades seems to have a better chance of success. In fact, I will only trade setups such as those.
thanks
  • #5,250
  • Sep 15, 2011 4:13am Sep 15, 2011 4:13am
Took this trade last night right before going to sleep. Stop loss beneath last semafor for 20 pips. TP line was set at M2 line for 40 pip profit. Good 1:2 RR.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 138 KB
Click to Enlarge Name: EURClose.jpg Size: 135 KB
  • #5,251
  • Sep 15, 2011 6:13am Sep 15, 2011 6:13am
Hello to all.
I received several messages of interest on my EA. I thank everyone for their support and for offering help, but please also apologize for my delay in responses. These last two weeks I have been very busy and not been able to start the documentation as promised.

I resume this job, hoping to post all work soon.
J.
  • #5,252
  • Sep 15, 2011 6:18am Sep 15, 2011 6:18am
So......is anyone else LOVING THE PIPS!

If you have not made some KILLER PIPS today....There is something wrong REALLY REALLY WRONG with how you are looking at the charts.
  • #5,253
  • Sep 15, 2011 6:22am Sep 15, 2011 6:22am
I did plan on taking another position, but with a candle like this, Im gonna have to wait until tomorrow! Daily Range has been exceeded!

Any idea what made it pop like this? News about Greece?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd0915.gif Size: 38 KB
Damn The Torpedoes, Full Speed Ahead!
  • #5,254
  • Sep 15, 2011 6:23am Sep 15, 2011 6:23am
Quoting DizzleFX
I did plan on taking another position, but with a candle like this, Im gonna have to wait until tomorrow! Daily Range has been exceeded!

Any idea what made it pop like this? News about Greece?

Attachment

Bernanke
  • #5,255
  • Sep 15, 2011 6:27am Sep 15, 2011 6:27am
Quoting neil324
Bernanke
I guess so!!
Damn The Torpedoes, Full Speed Ahead!
  • #5,256
  • Sep 15, 2011 6:28am Sep 15, 2011 6:28am
Quoting DizzleFX
I did plan on taking another position, but with a candle like this, Im gonna have to wait until tomorrow! Daily Range has been exceeded!

Any idea what made it pop like this? News about Greece?

Attachment
ECB announces additional US dollar liquidity-providing operations... (http://www.forexfactory.com/news.php?do=news&id=315323)
Your Attitude Determines Your Altitude
  • #5,257
  • Sep 15, 2011 6:30am Sep 15, 2011 6:30am
Quoting neil324
Bernanke
"News of a coordinated bank move"...... major central banks to provide dollar liquidity.....
  • #5,258
  • Sep 15, 2011 6:31am Sep 15, 2011 6:31am
Quoting forexnutter
ECB announces additional US dollar liquidity-providing operations... (http://www.forexfactory.com/news.php?do=news&id=315323)

Yuppers
  • #5,259
  • Sep 15, 2011 6:35am Sep 15, 2011 6:35am
Quoting forexnutter
ECB announces additional US dollar liquidity-providing operations... (http://www.forexfactory.com/news.php?do=news&id=315323)
Quoting Dredding82
"News of a coordinated bank move"...... major central banks to provide dollar liquidity.....
I definately knew it was some kind of FA type of move, just wasn't sure. Still working on that technique! lol!
Damn The Torpedoes, Full Speed Ahead!
  • #5,260
  • Sep 15, 2011 6:42am Sep 15, 2011 6:42am
Below is a post from Dred in his original thread at http://www.forexfactory.com/showthread.php?p=4654040#post4654040

Quote
Checking the calendar EVERYDAY should be part of your everyday trading plan...Even though we do not use FA in the Freebie System it is still good to know when and what reports(Unemployment,NFP, BANK HOLIDAYS! lol...etc) come out. As i have said before once you get the Freebie System down and can make steady profits EVERYONE should look into FA....A good trader can just use TA or FA but A GREAT TRADER uses TA & FA together.
Your Attitude Determines Your Altitude
1 trader viewing now