Price Action Trading with Indicators! The Freebie System | Page 270 | 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

  • #5,381
  • Sep 25, 2011 7:47pm Sep 25, 2011 7:47pm
Since Dredd suggests switching to Fib pivots if the previous day's range is large, I modified the Pivots for Freebie to automatically switch to Fib pivots if the previous day's range is greater than ADR by a percent, that can be set by you. I put 20(%) just because; I have not tested to see what percent I think works best. If you just want to force fibs, set it to 0 (zero) if last day's range is anything greater than ADR.
Attached File(s)
File Type: mq4 PivotsForFreebie2.mq4   11 KB | 625 downloads
  • #5,382
  • Sep 26, 2011 4:12am Sep 26, 2011 4:12am
I am looking at this chart and I wonder when should i enter long (without breaking the rules). All morning i am waiting to enter and at close of every candle i am to frightened to buy becouse of MTF HA H4 is red.
Tel me when have you entered long.
Attached Image
  • #5,383
  • Sep 26, 2011 4:31am Sep 26, 2011 4:31am
Quoting magnepan
I am looking at this chart and I wonder when should i enter long (without breaking the rules). All morning i am waiting to enter and at close of every candle i am to frightened to buy becouse of MTF HA H4 is red.
Tel me when have you entered long.
I believe you would have entered long where I put the big arrow.
Attached Image
  • #5,384
  • Sep 26, 2011 4:41am Sep 26, 2011 4:41am
Quoting magnepan
I am looking at this chart and I wonder when should i enter long (without breaking the rules). All morning i am waiting to enter and at close of every candle i am to frightened to buy becouse of MTF HA H4 is red.
Tel me when have you entered long.
I usually go in when 2 of the timeframes are showing the right colour and the stoch is the right way, so you could have either gone in where the previous poster said or if you wanted to wait until the H1 closed green for a more conservative entry then it would have been around the same price but around 3 candles later on.
  • #5,385
  • Sep 26, 2011 4:43am Sep 26, 2011 4:43am
Quoting pp22
I believe you would have entered long where I put the big arrow.
BUT (correct me if i'm wrong) the 'fail at pivot' and ZZ Semafor Within 1-3 Candles did not happen!
  • #5,386
  • Sep 26, 2011 5:06am Sep 26, 2011 5:06am
Quoting Lizardman
BUT (correct me if i'm wrong) the 'fail at pivot' and ZZ Semafor Within 1-3 Candles did not happen!
You are correct it was not within 3 candles of the semafor
  • #5,387
  • Sep 26, 2011 5:13am Sep 26, 2011 5:13am
Quoting pp22
You are correct it was not within 3 candles of the semafor
If something doesn't look right to you, don't just wait for it to happen, look at some other pairs because there will be another one that has everything going for it.

Also, by far the best thing you can do is click on Dreddings name and on that page you will see the link to his attachments, go through those and look at the setups he takes, after a while it will be second nature to see them for yourself without any thinking.
  • #5,388
  • Sep 26, 2011 6:01am Sep 26, 2011 6:01am
Before i get anymore PMs about an indicator that is expired....refer to this post.


http://www.forexfactory.com/showthread.php?p=4901018#post4901018
  • #5,389
  • Sep 26, 2011 9:22am Sep 26, 2011 9:22am
Quoting magnepan
i am to frightened to buy
Tel me when have you entered long.
And if you or anyone uses the words: frightened, scared, afraid, worried or anything like that when thinking about a trade, you should not take that trade and maybe not take any trades until you have mastered your emotions. And if you're afraid to trade, it sounds like you're using real money and not a demo account. If demo, why are you afraid? It's only Monopoly money. You MUST get to the point where you believe in your system. Then you will not be afraid, and you will accept the losses as part of business. And you will not need to ask anyone else to tell you when to trade; that is a dangerous road anyway.

Look at your rules and your trading checklist. Does the trade meet all your requirements for a high probability winning trade? If so, take it. If not, don't.

And if you haven't read this entire thread, do it. It might take you 2 weeks but so what? That's a lot quicker than a semester at school.
  • #5,390
  • Sep 26, 2011 9:58am Sep 26, 2011 9:58am
Hi, I not have much time today so I just trade few trades. I made common mistake that I not look at yellow range lines at the chart so I have three looser and two winner.
Whenever I came to the computer and place trade the trend has reversed altrough HA was right colour!
So today I learned that I must look at range lines and not take trades when I'm in hurry .
  • #5,391
  • Sep 26, 2011 11:16am Sep 26, 2011 11:16am
Quoting kolesar007
Hi, I not have much time today so I just trade few trades. I made common mistake that I not look at yellow range lines at the chart so I have three looser and two winner.
Whenever I came to the computer and place trade the trend has reversed altrough HA was right colour!
So today I learned that I must look at range lines and not take trades when I'm in hurry .
Try to post some of your entries here and we can take a look at them.
  • #5,392
  • Sep 26, 2011 11:21am Sep 26, 2011 11:21am
Here it is one bad trade from today.
Attached Image
  • #5,393
  • Sep 26, 2011 11:38am Sep 26, 2011 11:38am
Quoting Dredding82
Once again.....all the BS traders telling people repainting is bad...Learn to use it RIGHT and its a GIFT!!
Hi Dredding82.
I dont care that the semafor indicator repaints or not. I would however like you, or someone else who knows, to explain to me what the semafor indi is doing?
What is the significance of the 1, 2 and big 3 numbers...and when does or what are the conditions that makes one of these numbers permanetly set?
Just want to try and understand this indicator.

Thanks
  • #5,394
  • Sep 26, 2011 11:41am Sep 26, 2011 11:41am
Quoting kolesar007
Here it is one bad trade from today.
Yes the ATR line was reached, but using the same pivots Dred uses, I didn't have a fail of the pivot just a fail to show it may go up. Don't want to annoy Dred by having a discussion about pivots though
  • #5,395
  • Sep 26, 2011 1:34pm Sep 26, 2011 1:34pm
Quoting Dredding82
Before i get anymore PMs about an indicator that is expired....refer to this post.


http://www.forexfactory.com/showthread.php?p=4901018#post4901018
I liked this indicator but everyone who downloaded it just pm dred what you thought of it.
  • #5,396
  • Sep 26, 2011 4:01pm Sep 26, 2011 4:01pm
Quoting ohammond
Yes the ATR line was reached, but using the same pivots Dred uses, I didn't have a fail of the pivot just a fail to show it may go up. Don't want to annoy Dred by having a discussion about pivots though
I'd rather use Drads pivot but this pivots doesnt accout my time zone which is -5 so I use another pivot that has seting of time zone so I have same values as Paulus when I teaching his charts.
  • #5,397
  • Sep 26, 2011 11:14pm Sep 26, 2011 11:14pm
Quoting ohammond
.. fail to show it may go up.
Ohammond what do you mean by this?
  • #5,398
  • Sep 27, 2011 12:26am Sep 27, 2011 12:26am
Quoting kolesar007
I'd rather use Drads pivot but this pivots doesnt accout my time zone which is -5 so I use another pivot that has seting of time zone so I have same values as Paulus when I teaching his charts.
I am -5 GMT...so whats wrong with my pivots now? lol
  • #5,399
  • Sep 27, 2011 12:39am Sep 27, 2011 12:39am
Quoting kolesar007
Ohammond what do you mean by this?
What I meant was, with Dred's pivots there was a fail of the pivot underneath so I was buying.
  • #5,400
  • Edited 2:10am Sep 27, 2011 1:32am | Edited 2:10am
Quoting Dredding82
I am -5 GMT...so whats wrong with my pivots now? lol
Nothing wrong with your pivot , but I have diferent values than Paulus pivots when I start to learning, so I found pivots with timezome set and then I have same pivots as Paulus.
2 traders viewing now