Price Action Trading with Indicators! The Freebie System | Page 273 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #5,441
  • Sep 29, 2011 3:42am Sep 29, 2011 3:42am
Took this awhile ago, got the signal off the EA so SL was the last ZZ low and TP i went for a 1:3 which was hit with ease. The only thing that was not to the rule was the fail at the pivot at the time the trade was placed. But since it was just ranging at that pivot and the TREND was UP i was only looking for a breakout to the UP side which happened.
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  • #5,442
  • Sep 29, 2011 4:04am Sep 29, 2011 4:04am
Quoting Dredding82
Took this awhile ago, got the signal off the EA so SL was the last ZZ low and TP i went for a 1:3 which was hit with ease. The only thing that was not to the rule was the fail at the pivot at the time the trade was placed. But since it was just ranging at that pivot and the TREND was UP i was only looking for a breakout to the UP side which happened.
Same here Have to go out so today so far:

EU +42 closed
EJ + 31 closed
GU + +44 closed
AU still open currently at +43 with +23 locked in TP set at 0.9885

I'll post some charts when I get back.

Thanks Dred
  • #5,443
  • Sep 29, 2011 5:42am Sep 29, 2011 5:42am
Quoting ohammond
Same here Have to go out so today so far:

EU +42 closed
EJ + 31 closed
GU + +44 closed
AU still open currently at +43 with +23 locked in TP set at 0.9885

I'll post some charts when I get back.

Thanks Dred
Killer trading as always man!
  • #5,444
  • Sep 29, 2011 4:34pm Sep 29, 2011 4:34pm
Hello,

Please can You tell me which strategy do you use, is it from frist page or you change it?
Thank you
  • #5,445
  • Sep 29, 2011 4:52pm Sep 29, 2011 4:52pm
Quoting newnew
Hello,

Please can You tell me which strategy do you use, is it from frist page or you change it?
Thank you
The strategy has not changed one bit from post 1 till now. You will do yourself a huge favor by reading the enitre thread first. All questions you have regarding how to use this system more than likely have been answered a few times already. I could almost gaurantee it. But if you happen to have that one question that is unanswered, then ask away.

This system is easy, and can make you some serious money. I don't use any other system!
Damn The Torpedoes, Full Speed Ahead!
  • #5,446
  • Sep 29, 2011 4:57pm Sep 29, 2011 4:57pm
Quoting DizzleFX
The strategy has not changed one bit from post 1 till now. You will do yourself a huge favor by reading the enitre thread first. All questions you have regarding how to use this system more than likely have been answered a few times already. I could almost gaurantee it. But if you happen to have that one question that is unanswered, then ask away.

This system is easy, and can make you some serious money. I don't use any other system!

Thank you.
I will read this.
  • #5,447
  • Sep 29, 2011 8:18pm Sep 29, 2011 8:18pm
Jumped on this one a few hours ago. TA says we have a double top, and has a good probability of more bearish activity. Lets see what happens!
SL 100 pips.

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Damn The Torpedoes, Full Speed Ahead!
  • #5,448
  • Sep 29, 2011 10:49pm Sep 29, 2011 10:49pm
Closing the trade. Wife reminding me of a scheduled power outage tonight for the housing complex we live in. Supose to only take 4 hours, but thats 4 hours I would not want to leave a trade open for. I took the +66 pips, and will be happy!
Damn The Torpedoes, Full Speed Ahead!
  • #5,449
  • Sep 30, 2011 3:32am Sep 30, 2011 3:32am
Quoting DizzleFX
Closing the trade. Wife reminding me of a scheduled power outage tonight for the housing complex we live in. Supose to only take 4 hours, but thats 4 hours I would not want to leave a trade open for. I took the +66 pips, and will be happy!
If you set SL & TP, you could have left, right? In what event would you have exited your trade manually if you watched it?
  • #5,450
  • Sep 30, 2011 4:10am Sep 30, 2011 4:10am
Can anybody tell me why this sell trade was looser? M5 colour was green, but I trade on M15. I place TP on next middle pivot, but that not even come to second red pivot missed few pips?
Attached Image
  • #5,451
  • Sep 30, 2011 4:21am Sep 30, 2011 4:21am
Quoting kolesar007
Can anybody tell me why this sell trade was looser? M5 colour was green, but I trade on M15. I place TP on next middle pivot, but that not even come to second red pivot missed few pips?

Just was...get over it and MOVE ON TO THE NEXT TRADE...........But if you want some reason i would go with the report that was released at that time! Remember DO YOUR HOMEWORK!
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  • #5,452
  • Sep 30, 2011 4:26am Sep 30, 2011 4:26am
OK .. I just wonder if I made missed some thing..thats the one that I risk 5% and on the other I risk 1%.
Murphy's law .
  • #5,453
  • Sep 30, 2011 4:43am Sep 30, 2011 4:43am
I took this yesterday and havent messed with it besides locking in my profit...RISK FREE TRADE! I took it because the last days low ZZ was broken so soon as i seen stoch,HA agree and the fail at the pivot i entered the trade.
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  • #5,454
  • Sep 30, 2011 4:48am Sep 30, 2011 4:48am
Quoting DizzleFX
Jumped on this one a few hours ago. TA says we have a double top, and has a good probability of more bearish activity. Lets see what happens!
SL 100 pips.

Attachment

Got in that one myself as you can see from my H1 chart, you should have held....SL/TP or reduce risk..never close because you can not watch your trade. This is why you use a SL/TSL/TP...so you do not have to watch your trades every min of every day.
  • #5,455
  • Sep 30, 2011 5:01am Sep 30, 2011 5:01am
This is a trade i took awhile ago...it went for alittle over a 1:1 but hasnt moved like i would have liked for me to move my SL and lock in profit. So right now just letting it run....SL or TP the pair shall pick! lol
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  • #5,456
  • Sep 30, 2011 6:26am Sep 30, 2011 6:26am
Quoting Dredding82
Just was...get over it and MOVE ON TO THE NEXT TRADE...........But if you want some reason i would go with the report that was released at that time! Remember DO YOUR HOMEWORK!
I see that today is very messy news day .
  • #5,457
  • Sep 30, 2011 6:33am Sep 30, 2011 6:33am
Quoting kolesar007
I see that today is very messy news day .

Well there was and wasnt much on the calendar...so fridays like today you might want to pick your pairs you trade with alittle more thought.
  • #5,458
  • Sep 30, 2011 7:34am Sep 30, 2011 7:34am
Quoting willauch
If you set SL & TP, you could have left, right? In what event would you have exited your trade manually if you watched it?
Absolutely right! SL was in place, I should have set a TP and then went to bed. Not to mention the 4 hours window for the power loss, on took 1.5 hours. I guess I closed it for piece of mind!
Damn The Torpedoes, Full Speed Ahead!
  • #5,459
  • Sep 30, 2011 7:35am Sep 30, 2011 7:35am
Quoting DizzleFX
Absolutely right! SL was in place, I should have set a TP and then went to bed. Not to mention the 4 hours window for the power loss, on took 1.5 hours. I guess I closed it for piece of mind!

Your Stoploss should be your "piece of mind"....not closing orders on EMOTIONS! lol
  • #5,460
  • Sep 30, 2011 7:39am Sep 30, 2011 7:39am
Quoting Dredding82
Got in that one myself as you can see from my H1 chart, you should have held....SL/TP or reduce risk..never close because you can not watch your trade. This is why you use a SL/TSL/TP...so you do not have to watch your trades every min of every day.
I knew better. Don't know what I was thinking.
Damn The Torpedoes, Full Speed Ahead!
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