Price Action Trading with Indicators! The Freebie System | Page 269 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #5,361
  • Sep 23, 2011 3:53am Sep 23, 2011 3:53am
Quoting Dredding82
Just remember it is a Friday with not to much on the reports to be released today......SO DONT BE GREEDY!
Hi Dredding, I'm just testing out my new found confidence on a demo account, going back to real end of the month, want to test myself a little.

Waiting for my next candle to close, going to move my stops to break even with no risk trades I can let it run.

Currently both trades are +24 & +22 pips

P.s it's my stupid template was saved on the USDCHF, that is way it's all the same. Was corrected. Just another trend indicator I'm testing out to see if it works
  • #5,362
  • Sep 23, 2011 4:08am Sep 23, 2011 4:08am
I took this trades so far, both closed half profit on pivot, moved BE and waiting what happend next

GbpUsd +37 pips
UsdChf +40 pips
  • #5,363
  • Sep 23, 2011 4:20am Sep 23, 2011 4:20am
Just holding with the stops to break even move at the moment, prices are to close now.
  • #5,364
  • Sep 23, 2011 4:38am Sep 23, 2011 4:38am
Rather closing all trades, better save than sorry +1pip profit
  • #5,365
  • Sep 23, 2011 5:21am Sep 23, 2011 5:21am
Just took the following trades.

EURUSD SHORT +32
NZDUSD SHORT +5
AUDUSD SHORT +18
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd30.JPG Size: 164 KB
Click to Enlarge Name: nzdusd30.JPG Size: 192 KB
Click to Enlarge Name: eurusd30.JPG Size: 161 KB
  • #5,366
  • Sep 23, 2011 5:29am Sep 23, 2011 5:29am
Quoting bluexpec
Just took the following trades.

EURUSD SHORT +32
NZDUSD SHORT +5
AUDUSD SHORT +18

Killer TRADING! I myself have sell orders on EurUsd,AudUsd,GbpUsd and a buy on UsdChf...all are in profit with a total of 170+ pips or so right now with my SL moved to BE on all of them so taking the rest of the night/day off to get some more rest and going to let the trades do there own thing! They are "Risk FREE" trades so i really do not care if the SL gets hit but i would LOVE if the TP got hit on all 4 positions! lol

**EDIT** Added a pic. The pic is just PROOF of my statement above.
Attached Image (click to enlarge)
Click to Enlarge Name: ThePROOF.jpg Size: 30 KB
  • #5,367
  • Sep 23, 2011 5:31am Sep 23, 2011 5:31am
Took this one a while back - still running. Will move up SL to +25
Attached Image (click to enlarge)
Click to Enlarge Name: 001-23-09-2011.jpg Size: 194 KB
  • #5,368
  • Sep 23, 2011 5:36am Sep 23, 2011 5:36am
Quoting Dredding82
Killer TRADING! I myself have sell orders on EurUsd,AudUsd,GbpUsd and a buy on UsdChf...all are in profit with a total of 170+ pips or so right now with my SL moved to BE on all of them so taking the rest of the night/day off to get some more rest and going to let the trades do there own thing! They are "Risk FREE" trades so i really do not care if the SL gets hit but i would LOVE if the TP got hit on all 4 positions! lol
That's great Dredding, have a good rest. Hope that you've fully recovered by now from your sickness.
  • #5,369
  • Sep 23, 2011 5:45am Sep 23, 2011 5:45am
Just a stupid question for any one - what is the best resolution for posting images of trades - and should it be gif or jpeg format. Thanks in advance
  • #5,370
  • Sep 23, 2011 5:52am Sep 23, 2011 5:52am
Quoting jasjit
Just a stupid question for any one - what is the best resolution for posting images of trades - and should it be gif or jpeg format. Thanks in advance
I use 1600x800 and they are .gif files
  • #5,371
  • Sep 23, 2011 5:54am Sep 23, 2011 5:54am
Thanks Dred - much appreciated.

Any progress on the trend indicator?
  • #5,372
  • Sep 23, 2011 6:17am Sep 23, 2011 6:17am
Quoting kolesar007
I took this trades so far, both closed half profit on pivot, moved BE and waiting what happend next

GbpUsd +37 pips
UsdChf +40 pips
BE hit on both while I'm on launch .. and saw that I missed some moves..waiting for new confirmation.
  • #5,373
  • Sep 23, 2011 6:22am Sep 23, 2011 6:22am
Took this one a little earlier on, this is the smaller ibfx account I use to experiment with the longer term trades practising holding onto them, took it on the candle after the horizontal red line. I still use the trigger on the 5min but then switch to the higher timeframes to try to hang on The pip count isn't bad for an account I don't trade much lol, although it does include the 800 pip eur/chf I posted a couple of weeks back.

EDIT: By the way, I don't close half, so those are full pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ibfx5m.gif Size: 29 KB
  • #5,374
  • Sep 23, 2011 6:35am Sep 23, 2011 6:35am
Closing all trades results are:
EURUSD +55
NZDUSD +42
AUDUSD +51

Total pips = 148
  • #5,375
  • Sep 23, 2011 6:39am Sep 23, 2011 6:39am
Quoting bluexpec
Closing all trades results are:
EURUSD +55
NZDUSD +42
AUDUSD +51

Total pips = 148
Another good day, really pleased things are turning around for you
  • #5,376
  • Sep 23, 2011 7:05am Sep 23, 2011 7:05am
After I missed some moves on M15 that I trade I took some M5 trades

EU +20 banked and BE +25 so far
AU +25 banked and BE +40 so far
NU +25 banked and BE +30 so far
  • #5,377
  • Sep 23, 2011 7:10am Sep 23, 2011 7:10am
Quoting ohammond
Took this one a little earlier on, this is the smaller ibfx account I use to experiment with the longer term trades practising holding onto them, took it on the candle after the horizontal red line. I still use the trigger on the 5min but then switch to the higher timeframes to try to hang on The pip count isn't bad for an account I don't trade much lol, although it does include the 800 pip eur/chf I posted a couple of weeks back.

EDIT: By the way, I don't close half, so those are full pips.
Decided to take 50 on that trade, had a really good week and calling it a day. Hope everyone has a really good weekend and that Dred feels better by Monday after a rest.
  • #5,378
  • Sep 23, 2011 7:26am Sep 23, 2011 7:26am
Quoting ohammond
Another good day, really pleased things are turning around for you
Beware of negativity drawing you in a deep hole you battle to get out of. Your state of mind influences everything around you.

I went through a very rough time and all the stuff put me in a very bad place. It all influenced my trading in such a way that I was on the verge of giving up. Luckily I got out of the hole, now attitudes, mind and life positive again = trading positive results.
  • #5,379
  • Sep 23, 2011 7:27am Sep 23, 2011 7:27am
Quoting bluexpec
Beware of negativity drawing you in a deep hole you battle to get out of. Your state of mind influences everything around you.

I went through a very rough time and all the stuff put me in a very bad place. It all influenced my trading in such a way that I was on the verge of giving up. Luckily I got out of the hole, now attitudes, mind and life positive again = trading positive results.
Been there, done that, so know exactly how you feel. Long while ago now but I will never forget it and you're right, it absolutely makes all the difference in the world.
  • #5,380
  • Sep 24, 2011 4:53pm Sep 24, 2011 4:53pm
Had some time out from trading. I'm back now trading the D1. Took these trades last week. Two hit TP 1:1, one is still open.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 22 KB
Click to Enlarge Name: usdchf.gif Size: 21 KB
Click to Enlarge Name: eurgbp.gif Size: 23 KB
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