Price Action Trading with Indicators! The Freebie System | Page 285 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #5,681
  • Oct 17, 2011 4:00am Oct 17, 2011 4:00am
Had another nice signal, did take it and finish the day with a nice + 9 % to the account.

Thanks Dred.

Udine
Sleep less, live fast, as it aint gonna last
  • #5,682
  • Oct 17, 2011 4:24am Oct 17, 2011 4:24am
Quoting Udine
Had another nice signal, did take it and finish the day with a nice + 9 % to the account.

Thanks Dred.

Udine


  • #5,683
  • Oct 17, 2011 2:35pm Oct 17, 2011 2:35pm
took this one middle o' the day short EURUSD
Attached Image (click to enlarge)
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  • #5,684
  • Oct 17, 2011 7:17pm Oct 17, 2011 7:17pm
First day back at doing some trading in over 2 weeks. Hopefully I can get some pips. Bring it on!
Damn The Torpedoes, Full Speed Ahead!
  • #5,685
  • Oct 17, 2011 11:53pm Oct 17, 2011 11:53pm
Good morning all. let's go get some green ones.

Seems I already missed one this morning....

Green pips

Udine
Sleep less, live fast, as it aint gonna last
  • #5,686
  • Oct 18, 2011 1:07am Oct 18, 2011 1:07am
Hi guys, newbie here. I'm learning forex at the moment and would love to give this system a try. From the look of it, I'm disciplined enough to follow the guide on how to enter/exit the trade. Will update you guys on the progress.
  • #5,687
  • Oct 18, 2011 2:10am Oct 18, 2011 2:10am
Missed 2 set-ups before due to meetings, but got the first one. +2.5 %

Udine
Sleep less, live fast, as it aint gonna last
  • #5,688
  • Oct 18, 2011 4:50am Oct 18, 2011 4:50am
Done for the day: +6.5 %

Udine
Sleep less, live fast, as it aint gonna last
  • #5,689
  • Oct 18, 2011 5:06am Oct 18, 2011 5:06am
I don't trade the Kiwi to often, but the signal was there and I aint scared. SL 41 pips

Attached Image (click to enlarge)
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Damn The Torpedoes, Full Speed Ahead!
  • #5,690
  • Oct 18, 2011 5:35am Oct 18, 2011 5:35am
Stopped out. I was hoping that the news release would have helped. Oh well.
Damn The Torpedoes, Full Speed Ahead!
  • #5,691
  • Oct 18, 2011 5:49am Oct 18, 2011 5:49am
Quoting DizzleFX
I don't trade the Kiwi to often, but the signal was there and I aint scared. SL 41 pips

Attachment
One problem could have been putting it in right on NY open, I try to avoid putting in a trade then (that goes for any of the main market openings), I will take a fresh signal after the open but not right on it.
  • #5,692
  • Oct 18, 2011 5:56am Oct 18, 2011 5:56am
Quoting ohammond
One problem could have been putting it in right on NY open, I try to avoid putting in a trade then (that goes for any of the main market openings), I will take a fresh signal after the open but not right on it.
I thought about that, but I was trying not to look into it to much. I will definately take that into consideration though. Thanks.
Damn The Torpedoes, Full Speed Ahead!
  • #5,693
  • Oct 18, 2011 7:26am Oct 18, 2011 7:26am
First EUR/USD trade this morning was stopped out (green vertical line is entry). There was no fail at pivot but I took it anyway. Price rebounded and pulled back to pivot point and is now heading downwards again. Yellow vertical line represents re-entry. All EUR/USD trades were closed. I broke even on that pair.

Second...or third technically was GBP/USD. Fail at pivot. Trend was downward. Stochastic confirmed entry. Short at 1.57270. Closed at 1.56750. Up for the day so far at +52 pips.
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Click to Enlarge Name: EURUSD.jpg Size: 97 KB
  • #5,694
  • Oct 18, 2011 2:37pm Oct 18, 2011 2:37pm
There doesnt seem to be many traders here trading the daily charts, but for those of you that are, there seems to be several pairs setting up for tonight. Just a few that I have noticed are EU, GU, GBP/Jpy, NZD/Usd. Let me know what you think. And thanks Dredd.
  • #5,695
  • Oct 18, 2011 4:34pm Oct 18, 2011 4:34pm
i dont post often but this one caught my eye.

i gradually moving towards higher t/fs and this looked like a good un on H1.

Its not A+ but its close enough I think

Meant to add the pivot fail was dead on $32.00 with the WP (weekly pivot) 15 pips above.

The LL is sitting on WS1 (weekly S1 i think)

Comments welcome

Speed
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" Dont wait for your boat to come in ..... swim out and meet it"
  • #5,696
  • Oct 18, 2011 4:38pm Oct 18, 2011 4:38pm
i dont trade the D1 yet but will have a look

speed

Quoting wilkfx
There doesnt seem to be many traders here trading the daily charts, but for those of you that are, there seems to be several pairs setting up for tonight. Just a few that I have noticed are EU, GU, GBP/Jpy, NZD/Usd. Let me know what you think. And thanks Dredd.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #5,697
  • Oct 18, 2011 4:46pm Oct 18, 2011 4:46pm
Quoting wilkfx
There doesnt seem to be many traders here trading the daily charts, but for those of you that are, there seems to be several pairs setting up for tonight. Just a few that I have noticed are EU, GU, GBP/Jpy, NZD/Usd. Let me know what you think. And thanks Dredd.
I just enter a sell order on the Nzd/Usd 1hr chart. Hopefully it will work out ok.
  • #5,698
  • Oct 18, 2011 5:27pm Oct 18, 2011 5:27pm
Quoting wilkfx
There doesnt seem to be many traders here trading the daily charts, but for those of you that are, there seems to be several pairs setting up for tonight. Just a few that I have noticed are EU, GU, GBP/Jpy, NZD/Usd. Let me know what you think. And thanks Dredd.
Most of the potential setups are predominantly counter trades. The best ones look like the EUR/USD and NZD/USD, however, I personally am staying off of these and on the sidelines for now.
  • #5,699
  • Oct 18, 2011 11:49pm Oct 18, 2011 11:49pm
Good morning,

I got too confident last night and traded for the first time outside my normal hours, which means after the London close.

I will never trade after the London close anymore !!

The market let me pay for my arrogance. Lesson learned.

I have to stick to my rules, it just has been confirmed.

Good hunting all this morning.

Udine
Sleep less, live fast, as it aint gonna last
  • #5,700
  • Oct 19, 2011 12:27am Oct 19, 2011 12:27am
Quoting wilkfx
There doesnt seem to be many traders here trading the daily charts, but for those of you that are, there seems to be several pairs setting up for tonight. Just a few that I have noticed are EU, GU, GBP/Jpy, NZD/Usd. Let me know what you think. And thanks Dredd.
Will

According to my understanding we have just made a recent new swing high on these pairs so I wouldnt be looking for shorts no more but in fact longs with the 3 semafore behind us.

D
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