Price Action Trading with Indicators! The Freebie System | Page 288 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #5,741
  • Oct 21, 2011 9:16pm Oct 21, 2011 9:16pm
As a noob... thought i would stop lurking so much and start posting charts as a humble contribution... lol Took this one before i had to go to work... Thanks to all for my favorite thread of all time.. lol Have a great weeken Dred and company...
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  • #5,742
  • Oct 22, 2011 3:06am Oct 22, 2011 3:06am
Quoting rossobonks
Mustang

I notice that 2 out of 3 of your entries came after a '3' semafore. I would find this hard to do as it would feel like picking tops n bottoms rather than trading within the trend on the current TF. Or am I thinking too 'mechanical'?

All thread readers -

I am trying to nail this strategy on the longer TF charts (4 hour). Am I right in thinking that we should sort of ignore the current '3' semafore ( as it could be indicating a false top or bottom) and only trade with the previous '3' semafore behind us with that trend. Hope you understand...
You don't have to worry about the number of the semaphore, just a semaphore whatever the number. Look at the rules posted by Dred and just go by them, at no point does he say you have to have a 3 semaphore. The trend though on your chart is obviously up at the moment and if you took longs after a semaphore and pivot fail and stoch in the right direction (you don't show pivots on there so its difficult to see where you might have got in) you wouldn't have gone far wrong. ALL of mustangzs trades were taken after a pivot fail, stoch in right direction, and HA the right colour.
  • #5,743
  • Oct 22, 2011 3:19am Oct 22, 2011 3:19am
Quoting dojirock
Thanks you Dredding for the help...My 1st trades on e/u and eur/chf...both winners for 86 pips....

Man it feels great to leave scalping and be on the right side of the trade again.

have a great weekend...im studying!

dojirock
Excellent doji now study well and let it continue
  • #5,744
  • Edited 9:01am Oct 22, 2011 5:18am | Edited 9:01am
Like others I have great week too. With lots of green pips and some loosers, but when I look in the past I don't respect rules at this loosers.
After a year of trying diferent sistems and tons of indicators I finaly found freebie thread when I looking some information about pivots. Thread looks interesting to me at first time. I don't know why but just does .
My first post on FF is in that thread. Then after some stupid questions I been blocked like others. Then I reread the thread and found some answers for my questions. Than one day Dred unblock us and been able to post in forum again. After some weeks I become fimilar with this system but I think too much , and so I missed the signals.
First time after a year of I feel confortable with trading. I need some training for entries and exits but I now look at system from diferent perspective as at the begining.
Also I understand stupid questions from newbies because I have same problems.

Tips for all newbies again: first read thread and then try trading with system on demo and then reread if necessary. I know that take time but its worth. If you look at trading as buisness .. all kind of buisness takes time to learn.
Just take trades if meet rules, don't look at semaphore number and place TP on next pivot. When you use to it you can manage your trades smarter and take even big moves. There will be looser but at the end you will won with this system.

I learned alot from chat room but I hate when Dred clean it and so we missed some usefull information from "day talk".

Thanks again Dred and others that help me!
  • #5,745
  • Oct 23, 2011 7:09pm Oct 23, 2011 7:09pm
Does this look like a good entry?

Its a long that can close out a gap
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  • #5,746
  • Oct 24, 2011 12:10am Oct 24, 2011 12:10am
I just enter this trade off the 15 minute. I hope it goes in my favor.
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  • #5,747
  • Oct 24, 2011 1:00am Oct 24, 2011 1:00am
Turned out quite well +80, anyone else get in on this one?

Quoting pp22
Does this look like a good entry?

Its a long that can close out a gap
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  • #5,748
  • Oct 24, 2011 1:32am Oct 24, 2011 1:32am
pp22 .. but you must know that you go the opposite of HA colour!
  • #5,749
  • Oct 24, 2011 1:49am Oct 24, 2011 1:49am
i think the immediate trend looks short but the higher TF's were still long, also the gap fill tendency?
  • #5,750
  • Oct 24, 2011 1:50am Oct 24, 2011 1:50am
well the 15m and 30m ha colour were green, do you always make sure all ha colours are the same?

My entry was red vertical line.


Quoting kolesar007
pp22 .. but you must know that you go the opposite of HA colour!
  • #5,751
  • Oct 24, 2011 1:51am Oct 24, 2011 1:51am
Quoting kolesar007
pp22 .. but you must know that you go the opposite of HA colour!
He went when the HA was green on the 15min.
  • #5,752
  • Oct 24, 2011 1:56am Oct 24, 2011 1:56am
Quoting pp22
well the 15m and 30m ha colour were green, do you always make sure all ha colours are the same?
I would have waited until that particular candle had closed because it still had a way to go but you took a chance and it paid off, just be careful about going in when only one 15min candle has closed green and nothing else is.
  • #5,753
  • Oct 24, 2011 2:00am Oct 24, 2011 2:00am
I dont think theres any set rule about how many ha`s closed in the same direction, but normally do you wait for all time frames to be the same and how far back do you like to have the same colour?

Quoting ohammond
I would have waited until that particular candle had closed because it still had a way to go but you took a chance and it paid off, just be careful about going in when only one 15min candle has closed green and nothing else is.
  • #5,754
  • Oct 24, 2011 2:06am Oct 24, 2011 2:06am
Quoting pp22
I dont think theres any set rule about how many ha`s closed in the same direction, but normally do you wait for all time frames to be the same and how far back do you like to have the same colour?
No there isn't any particular rule, just personal preference, if you look back over the charts you will see that many times the 15min will close green and then turns again, so I wait until a 15min candle closes along with another colour, many times waiting for that will also get you in at a better price so waiting doesn't bother me.
  • #5,755
  • Edited 7:23am Oct 24, 2011 7:00am | Edited 7:23am
how i see e/u..for a short coming...but need dredds sys confirmation...
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  • #5,756
  • Oct 24, 2011 7:38am Oct 24, 2011 7:38am
This is an interesting thread, I read it from the beginning. I am testing the strategy on demo now.

I have question about the exit: "use daily range/pivots to max profits".

How is this done exactly? If the daily range is 100pips as an example - is my tp in 100pips? Or do I choose the pivotline that is next to the dailyrange? Is this dependent on the timeframe? Or do I use the same range in M15 as in H4?

I think entry is clearly displayed in the thread, but I think it is nice if somebody could emphasize on the exit.
  • #5,757
  • Oct 24, 2011 7:45am Oct 24, 2011 7:45am
Can someone tell me, is it 10 people maximum in the chatroom? Tried to get in earlier and couldn't due to a restriction but was trying on my iphone so not sure if that was what was causing the problems.

Hope everyone is getting green pips
  • #5,758
  • Oct 24, 2011 8:20am Oct 24, 2011 8:20am
I was in there before and at one moment thee were 16 people in. But dont ask me too much as I have no idae about those things...)

Udine
Sleep less, live fast, as it aint gonna last
  • #5,759
  • Edited 12:52pm Oct 24, 2011 9:54am | Edited 12:52pm
EURUSD +217pips

Thank you Dredding82
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  • #5,760
  • Oct 24, 2011 10:05am Oct 24, 2011 10:05am
Quoting Udine
I was in there before and at one moment thee were 16 people in. But dont ask me too much as I have no idae about those things...)

Udine
lol cheers Udine. Must be the iphone thing
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