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Price Action Trading with Indicators! The Freebie System

  • #5,401
  • Sep 27, 2011 5:11am Sep 27, 2011 5:11am
Dred can you tell me if you will buy this pair if next candle were green and all HA were green, altrough last green semapfore is LL which meybe indicate trend reverse? Or this LL not indicate trend reverse?

Sandi
Attached Image
  • #5,402
  • Sep 27, 2011 6:51am Sep 27, 2011 6:51am
I have been waiting to this day since last week for the market directions to change to see how to handle it.

I started of to test the change out on two currencies this morning, but the market just made small stupid/small movements, I closed both trades after it looked like it was changing for -23 and -24 pips, but got them back!

Current trades:
GBPUSD +61 LONG
EURUSD +52 LONG
USDCHF +28 SHORT
AUDUSD -10 LONG
  • #5,403
  • Sep 27, 2011 7:21am Sep 27, 2011 7:21am
Some great trends forming today. Text book entries. Got in at 1.55303, closed trade at 1.55980 (the high of the previous high semafor)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 93 KB
  • #5,404
  • Sep 27, 2011 8:28am Sep 27, 2011 8:28am
I'm happy with my results for the day, closing current trades as follows:

GBPUSD +101
EURUSD +59
USDCHF +44
AUDUSD +24

Minus previous losses earlier the morning of -24 and -23

Total pips for the day = +181

Could probably make more if I let it run, but trying to program the greed out of my system.
  • #5,405
  • Sep 27, 2011 8:40am Sep 27, 2011 8:40am
Quoting bluexpec
I'm happy with my results for the day, closing current trades as follows:

GBPUSD +101
EURUSD +59
USDCHF +44
AUDUSD +24

Minus previous losses earlier the morning of -24 and -23

Total pips for the day = +181

Could probably make more if I let it run, but trying to program the greed out of my system.
Way to go buddy!!! Awesome trading.
  • #5,406
  • Sep 27, 2011 8:41am Sep 27, 2011 8:41am
Quoting bluexpec
I'm happy with my results for the day, closing current trades as follows:

GBPUSD +101
EURUSD +59
USDCHF +44
AUDUSD +24

Minus previous losses earlier the morning of -24 and -23

Total pips for the day = +181

Could probably make more if I let it run, but trying to program the greed out of my system.
Pls, post the charts! Loser's and winner's also...
  • #5,407
  • Sep 27, 2011 8:53am Sep 27, 2011 8:53am
gpb/usd and usd/cad.. both on h1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.gif Size: 41 KB
Click to Enlarge Name: usdcadh1.gif Size: 41 KB
  • #5,408
  • Sep 27, 2011 6:57pm Sep 27, 2011 6:57pm
Quoting kolesar007
Here it is one bad trade from today.
Ok... Maybe I'm coming a little late to this party or maybe I'm just too sleepy from working too much lately, but I'm trying to understand the logic as to why you took this trade in the first place? I'm assuming that you were going short (from the point in which you placed your line), but why?

The trade doesn't seem to follow the rules... Can you explain your logic behind it?
  • #5,409
  • Sep 27, 2011 7:02pm Sep 27, 2011 7:02pm
Quoting AndreyBecker
gpb/usd and usd/cad.. both on h1

Nice trading Andrey!!! Don't you wish they could all be this easy?
  • #5,410
  • Edited 11:12pm Sep 27, 2011 10:51pm | Edited 11:12pm
Quoting prof8t
Ok... Maybe I'm coming a little late to this party or maybe I'm just too sleepy from working too much lately, but I'm trying to understand the logic as to why you took this trade in the first place? I'm assuming that you were going short (from the point in which you placed your line), but why?

The trade doesn't seem to follow the rules... Can you explain your logic behind it?
Yes Im going short. Its not semaphor retrace but is definetly retrace when you have down move (red ha) with up move (green ha) and then again red ha, and it failed at pivot (blue line).
Sometimes this non semaphores retrace works and sometimes not..but definetly there must be space and not as in this example that Im on button of daily range
  • #5,411
  • Sep 28, 2011 12:11am Sep 28, 2011 12:11am
Quoting kolesar007
Yes Im going short. Its not semaphor retrace but is definetly retrace when you have down move (red ha) with up move (green ha) and then again red ha, and it failed at pivot (blue line).
Sometimes this non semaphores retrace works and sometimes not..but definetly there must be space and not as in this example that Im on button of daily range
I wondered what that blue line was, that wasn't a fail at that pivot as price closed above it, it was a fail at the pivot underneath because price got very close to it and then was rejected by it.
  • #5,412
  • Sep 28, 2011 12:34am Sep 28, 2011 12:34am
Quoting ohammond
I wondered what that blue line was, that wasn't a fail at that pivot as price closed above it, it was a fail at the pivot underneath because price got very close to it and then was rejected by it.
Blue is pivot, red and green lines are HL pivots and grey lines are middle pivots.
It is fail at pivot (blue line) dont you think?
  • #5,413
  • Sep 28, 2011 1:07am Sep 28, 2011 1:07am
Quoting kolesar007
Blue is pivot, red and green lines are HL pivots and grey lines are middle pivots.
It is fail at pivot (blue line) dont you think?
I wouldn't class that as a fail at the pivot (blue line) because the green candles just before your sell closed above it. Thats my opinion though of a fail, if price tries to close above it but fail, others may think differently.
  • #5,414
  • Sep 28, 2011 1:14am Sep 28, 2011 1:14am
Quoting ohammond
I wouldn't class that as a fail at the pivot (blue line) because the green candles just before your sell closed above it. Thats my opinion though of a fail, if price tries to close above it but fail, others may think differently.
I see now. So if you assume that there is no blue line and watch only gray (middle pivot) line above that will be your fail at pivot?
What others think about that?
  • #5,415
  • Sep 28, 2011 1:46am Sep 28, 2011 1:46am
Quoting kolesar007
I see now. So if you assume that there is no blue line and watch only gray (middle pivot) line above that will be your fail at pivot?
What others think about that?
Yes thats right, but I would also take into account the fail at the pivot underneath, and the sell you took was right on top of it.
  • #5,416
  • Sep 28, 2011 2:33am Sep 28, 2011 2:33am
I took the following trades about an hour ago.

Current status:
EURUSD +28
AUDUSD +32

also just took a short on the USDCHF
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusd30.JPG Size: 179 KB
  • #5,417
  • Sep 28, 2011 2:38am Sep 28, 2011 2:38am
Blue why you take those trades you have two green and one red HA?
  • #5,418
  • Sep 28, 2011 3:56am Sep 28, 2011 3:56am
First time i stayed up till 4am, but market not moving http://www.forexfactory.com/images/icons/icon11.gif
  • #5,419
  • Sep 28, 2011 4:01am Sep 28, 2011 4:01am
Quoting kolesar007
Blue why you take those trades you have two green and one red HA?
This is one problem I have with the HA indicator, the longer term candle changes , so I have some other Indicators that I watch for the trend direction. Look at the chart now, and the HA indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd30.JPG Size: 192 KB
  • #5,420
  • Sep 28, 2011 4:03am Sep 28, 2011 4:03am
Quoting kolesar007
Blue why you take those trades you have two green and one red HA?
Most of us (I think) take trades when everything else looks right and 2 of the HA's are green.
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