Price Action Trading with Indicators! The Freebie System | Page 282 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #5,621
  • Oct 12, 2011 6:45am Oct 12, 2011 6:45am
maybe reverse?
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  • #5,622
  • Oct 12, 2011 7:05am Oct 12, 2011 7:05am
These are the winners today. I should say that I held on much longer than normal due to the momentum.
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  • #5,623
  • Oct 12, 2011 7:22am Oct 12, 2011 7:22am
Dred ADX confirm why my trade failed ..you use adx often or just sometimes for confirmation?
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  • #5,624
  • Oct 12, 2011 7:25am Oct 12, 2011 7:25am
The trades I posted above total +911 and I also had a couple of losers at Frankfurt open but jumped the gun not going by the signal -50. So total 861
  • #5,625
  • Oct 12, 2011 7:26am Oct 12, 2011 7:26am
Quoting ohammond
These are the winners today. I should say that I held on much longer than normal due to the momentum.
congratulate
  • #5,626
  • Oct 12, 2011 7:51am Oct 12, 2011 7:51am
Quoting ohammond
The trades I posted above total +911 and I also had a couple of losers at Frankfurt open but jumped the gun not going by the signal -50. So total 861
Perfecto Ohammond.

Just wondering, are you using one of the alerts for Freebie that allows you to keep an eye on so many pairs or are you just a very good 'multi flicker' ??
  • #5,627
  • Oct 12, 2011 7:57am Oct 12, 2011 7:57am
Nice trades Ohammond!

I love the stoch and the MTF HA on the lower panel. How do you get them to play on the same panel?
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #5,628
  • Oct 12, 2011 7:58am Oct 12, 2011 7:58am
Quoting tritan
Perfecto Ohammond.

Just wondering, are you using one of the alerts for Freebie that allows you to keep an eye on so many pairs or are you just a very good 'multi flicker' ??
I have the 6 charts open at the same time and have an alert that tells me when the 15min changes colour as long as another HA is also the same colour and the stoch is in the right direction. I usually wait for the 30 minute to close the same colour as well, even if another HTF is showing correctly.
  • #5,629
  • Oct 12, 2011 7:59am Oct 12, 2011 7:59am
My opinion is that I lose too much time with user unfrendly MT4 commands so I have some EAs and scripts to makes things faster with
  • #5,630
  • Oct 12, 2011 7:59am Oct 12, 2011 7:59am
Quoting ohammond
These are the winners today. I should say that I held on much longer than normal due to the momentum.
Fantastic results, congrats. My problem today - no semaphores on pairs I follow, so, I was just seeing "train leaving the station"
  • #5,631
  • Oct 12, 2011 8:05am Oct 12, 2011 8:05am
Quoting fisheggs
Nice trades Ohammond!

I love the stoch and the MTF HA on the lower panel. How do you get them to play on the same panel?
Put the mtf has on there first and then drag the stoch to the same window as the ha's, it will show on top of it then.
  • #5,632
  • Oct 12, 2011 8:23am Oct 12, 2011 8:23am
What a day. This just proves that anything is possible with the freebie system. I'm lovin it lol
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  • #5,633
  • Oct 12, 2011 8:36am Oct 12, 2011 8:36am
Quoting morris1
Fantastic results, congrats. My problem today - no semaphores on pairs I follow, so, I was just seeing "train leaving the station"
Which pairs do you follow?
  • #5,634
  • Oct 12, 2011 8:44am Oct 12, 2011 8:44am
Quoting ohammond
Which pairs do you follow?
Majors: GBP/USD, EUR/USD, AUD/USD, USD/CHF, AUD/JPY

I got small retrace, but not semaphore and I'm not very seasoned trader to make proper decision to go on retrace, without semaphore
  • #5,635
  • Oct 12, 2011 9:24am Oct 12, 2011 9:24am
like your work and your templates

well done

speed

Quoting ohammond
These are the winners today. I should say that I held on much longer than normal due to the momentum.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #5,636
  • Oct 12, 2011 1:28pm Oct 12, 2011 1:28pm
Ohammond - Very well done on your trading.

I have switched to the longer term 4hr charts ( due to other commitments) and having very good results with much much less screen time. I was also in on the big moves today albeit taking entry from the 8am candles this morning. They where similar entry levels to yours but from the 4hr Heiken.

I only took 2 of the pairs as I didnt want to over leverage myself against the $. There where many setups across several pairs which you did indeed take. The only downside to the longer term charts is R/R but its great having only a brief look at the PC a couple of times a day. I am just having indecisions with TP but making progress.

D
  • #5,637
  • Oct 12, 2011 1:45pm Oct 12, 2011 1:45pm
Quoting rossobonks
Ohammond - Very well done on your trading.

I have switched to the longer term 4hr charts ( due to other commitments) and having very good results with much much less screen time. I was also in on the big moves today albeit taking entry from the 8am candles this morning. They where similar entry levels to yours but from the 4hr Heiken.

I only took 2 of the pairs as I didnt want to over leverage myself against the $. There where many setups across several pairs which you did indeed take. The only downside to the longer term charts is R/R but its great having only a brief look at the PC a couple of times a day. I am just having indecisions with TP but making progress.

D

Going from the M5 to the M15 seems really slow again and as I trade all day at the moment, its perfect for me as I don't like to sit here doing nothing much. I get hypnotised by the candles Congratulations on your trades also.
  • #5,638
  • Oct 12, 2011 5:02pm Oct 12, 2011 5:02pm
Sorry guys and Dredd.

I've been very busy with school and work lately. I have hardly any time to trade. I have activated the EA once but I got no trade like for a day or two. I might have install it wrong or something. But that's no excuse for not giving any feedback.
  • #5,639
  • Oct 12, 2011 5:45pm Oct 12, 2011 5:45pm
A good day indeed.
Over 300 pips.
I trade the H1 charts as it fits my time schedule. Like the action of the M15 but found I was missing entries and feeling like there would never be another trade. LOL. The H1 gives me plenty of time to watch the setup and take the trade. I can also watch the trade on and off through the day so I can squeeze a little more profit.

Tried the four hour charts but about drove myself insane waiting for the candles to form to take a trade.....

Seems like "trick" (if there was one) to this system is finding the right time frame for your style and availability. It seems to work on any time frame as mentioned many times before.

ejohnston5
  • #5,640
  • Oct 12, 2011 8:30pm Oct 12, 2011 8:30pm
Quoting rossobonks
Ohammond - Very well done on your trading.

I have switched to the longer term 4hr charts ( due to other commitments) and having very good results with much much less screen time. I was also in on the big moves today albeit taking entry from the 8am candles this morning. They where similar entry levels to yours but from the 4hr Heiken.

I only took 2 of the pairs as I didnt want to over leverage myself against the $. There where many setups across several pairs which you did indeed take. The only downside to the longer term charts is R/R but...

How is the downside the R:R? You must still be thinking of daily/weekly gains and not holding your position trades on the higher TFs.
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