Price Action Trading with Indicators! The Freebie System | Page 286 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #5,701
  • Oct 19, 2011 6:26am Oct 19, 2011 6:26am
done for the day.

Green pips.

Udine
Sleep less, live fast, as it aint gonna last
  • #5,702
  • Oct 19, 2011 9:55am Oct 19, 2011 9:55am
Took this one about an hour ago. Reason I'm going short is, I had a double top on the M15 and on the H4 it looks like it could be forming a head and shoulders. SL 51 pips. Lets see were it goes.

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Damn The Torpedoes, Full Speed Ahead!
  • #5,703
  • Edited 11:23am Oct 19, 2011 11:09am | Edited 11:23am
Quoting DizzleFX
Took this one about an hour ago. Reason I'm going short is, I had a double top on the M15 and on the H4 it looks like it could be forming a head and shoulders. SL 51 pips. Lets see were it goes.

Attachment

Took the same trade, my Freebie Trend was saying short on the M15....wasnt looking for much since D1 is still up but this counter trend trade to turn out for some BIG $$$ already closed out a % of the trade.
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  • #5,704
  • Oct 19, 2011 12:23pm Oct 19, 2011 12:23pm
wd dredd.

thst ea looks wicked!

can it bring me beer and massage my back as well lol



Quoting Dredding82
Took the same trade, my Freebie Trend was saying short on the M15....wasnt looking for much since D1 is still up but this counter trend trade to turn out for some BIG $$$ already closed out a % of the trade.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #5,705
  • Oct 19, 2011 12:25pm Oct 19, 2011 12:25pm
Quoting speedtrip
wd dredd.

thst ea looks wicked!

can it bring me beer and massage my back as well lol

Thats not the EA trading ...it was just lil ole at home trader me lol....The EA is not to be spoke of anymore since everyone seems to be takers and not givers. Once any EA is finished...F*CK everyone the EA is not going to be release. I guess your a few weeks late on those posts lol
  • #5,706
  • Oct 19, 2011 12:27pm Oct 19, 2011 12:27pm
Quoting Dredding82
Thats not the EA trading ...it was just lil ole at home trader me lol....The EA is not to be spoke of anymore since everyone seems to be takers and not givers. Once any EA is finished...F*CK everyone the EA is not going to be release. I guess your a few weeks late on those posts lol
Can you bring Speedtrip beer and massage his back then?
  • #5,707
  • Oct 19, 2011 12:31pm Oct 19, 2011 12:31pm
How's the chatroom going Dredd? Still active as seems quiet on the thread most days?
  • #5,708
  • Oct 19, 2011 1:12pm Oct 19, 2011 1:12pm
Quoting Dredding82
Took the same trade, my Freebie Trend was saying short on the M15....wasnt looking for much since D1 is still up but this counter trend trade to turn out for some BIG $$$ already closed out a % of the trade.
Your right. It put money in my bank as well. I just got to 1:1, half the lots closed, now I just milk it for whatever else it has.
Damn The Torpedoes, Full Speed Ahead!
  • #5,709
  • Oct 19, 2011 2:00pm Oct 19, 2011 2:00pm
AUD/USD + 39
USD/CAD +48

Taking my +87 pips and calling it a day.

ej5
  • #5,710
  • Oct 19, 2011 2:24pm Oct 19, 2011 2:24pm
EDIT
  • #5,711
  • Oct 19, 2011 2:51pm Oct 19, 2011 2:51pm
I placed this trade this morning and went to bed just woke up and discovered it had moved over 100 pips. Thanks again dredding82 for all your help.
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  • #5,712
  • Oct 19, 2011 3:57pm Oct 19, 2011 3:57pm
Quoting DizzleFX
Took this one about an hour ago. Reason I'm going short is, I had a double top on the M15 and on the H4 it looks like it could be forming a head and shoulders. SL 51 pips. Lets see were it goes.

Attachment
Trade is a wining one but... Dred said many times" dont think just trade".
You have thought about RGR. For few weeks i try to stop thinking just trading.
For other hand i cant see LH,LL sequence. So was it realy Ok to enter that trade when you were?
  • #5,713
  • Oct 19, 2011 4:22pm Oct 19, 2011 4:22pm
Quoting magnepan
Trade is a wining one but... Dred said many times" dont think just trade".
You have thought about RGR. For few weeks i try to stop thinking just trading.
For other hand i cant see LH,LL sequence. So was it realy Ok to enter that trade when you were?
I agree, I can't see a LH, LL either. But this is Price Action Trading with Indicators. Price action is technical and chart patterns analysis and the LH, LL would have fallen in PA as well, but not for the reason I took the trade. The double top on M15 was a bearish reversal patter and on the H4 it was shaping into a Head and Shoulder chart pattern, which is also a bearish pattern. So I took the counter trend trade, knowing that there is a good probability It would be profitable. Hopefully I got on at the poiint of a trend reversal, but then again, this could just be a retracement.
Damn The Torpedoes, Full Speed Ahead!
  • #5,714
  • Oct 20, 2011 12:13am Oct 20, 2011 12:13am
Took this a few hours after the new day started...SL was 16+spreadx2...TP=OPEN lol but it is in like 65 pips profit right now. So it is a 1:4 Risk:Reward right now if i closed.
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  • #5,715
  • Oct 20, 2011 1:43am Oct 20, 2011 1:43am
Quoting Dredding82
Took this a few hours after the new day started...SL was 16+spreadx2...TP=OPEN lol but it is in like 65 pips profit right now. So it is a 1:4 Risk:Reward right now if i closed.

Do you ever sleep ??

Udine
Sleep less, live fast, as it aint gonna last
  • #5,716
  • Oct 20, 2011 1:47am Oct 20, 2011 1:47am
Quoting Udine
Do you ever sleep ??

Udine
Of course when the markets are closed ...it helps to have alot of coffee though lol
  • #5,717
  • Oct 20, 2011 2:10am Oct 20, 2011 2:10am
Quoting Dredding82
Of course when the markets are closed ...it helps to have alot of coffee though lol

You almost sound like my first boss: he told me you can sleep long enough when you're dead, so stop complaining)

Udine
Sleep less, live fast, as it aint gonna last
  • #5,718
  • Oct 20, 2011 2:23am Oct 20, 2011 2:23am
Quoting DizzleFX
I agree, I can't see a LH, LL either. But this is Price Action Trading with Indicators. Price action is technical and chart patterns analysis and the LH, LL would have fallen in PA as well, but not for the reason I took the trade. The double top on M15 was a bearish reversal patter and on the H4 it was shaping into a Head and Shoulder chart pattern, which is also a bearish pattern. So I took the counter trend trade, knowing that there is a good probability It would be profitable. Hopefully I got on at the poiint of a trend reversal,...
So, conclusion is: dont think just trade but... think sometimes.
THX for explaining.
  • #5,719
  • Oct 20, 2011 3:41am Oct 20, 2011 3:41am
Quoting magnepan
So, conclusion is: dont think just trade but... think sometimes.
THX for explaining.
Conclusion is still: Don't think just trade. Certain PA setups are just a no brainer though. It takes screen time.
Damn The Torpedoes, Full Speed Ahead!
  • #5,720
  • Oct 20, 2011 11:42am Oct 20, 2011 11:42am
Killer trading today. Close to +200 pips. OMG!!! If I only got up at 3:00am EST like I'm supposed to I would have been close to double my day.

THANKS DREDDING, TELL ME WHEN YOU ARE READY FOR VEGAS!!!
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