Price Action Trading with Indicators! The Freebie System | Page 290 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #5,781
  • Oct 25, 2011 7:26am Oct 25, 2011 7:26am
Quoting kolesar007
My trades today in range market. I know that I must wait to go out but I demo so I try . On all trades I take same profit and move SL to BE.
Careful in ranging markets...SL are hit offen. Good trading!
  • #5,782
  • Oct 25, 2011 7:26am Oct 25, 2011 7:26am
Quoting jeff_b
Anybody in on EURCAD? I went in @ MS1 and bailed @ S1. Cheers.
Nice Trade!
  • #5,783
  • Oct 25, 2011 11:59am Oct 25, 2011 11:59am
Took only one trade today which was the NZD/USD. It was the only pair that I was comfortable trading. Stop loss was a measly 10 pips with a 50 pip take profit. Everything else looked range bound or too volatile for my blood. USD/CAD had a good setup but I didn't take it. By the time the 4H HA showed a trend change I was looking at a SL of around 85 pips which I was not willing to risk on a 15 minute chart nor did I expect trade to go as high as it did...something like +200 pips.

I'm not going to complain about a solid 50 pips. 50 pips is still good money in the bank. Here's the picture of my trade today. VERY EASY to spot, TEXT BOOK "Freebie System" setup.
Attached Image (click to enlarge)
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  • #5,784
  • Oct 25, 2011 1:18pm Oct 25, 2011 1:18pm
Quoting mustangzs
Took only one trade today which was the NZD/USD. It was the only pair that I was comfortable trading. Stop loss was a measly 10 pips with a 50 pip take profit. Everything else looked range bound or too volatile for my blood. USD/CAD had a good setup but I didn't take it. By the time the 4H HA showed a trend change I was looking at a SL of around 85 pips which I was not willing to risk on a 15 minute chart nor did I expect trade to go as high as it did...something like +200 pips.

I'm not going to complain about a solid 50 pips. 50 pips is still...
Nice mustangzs. 1:5 r:r is a good day.
Damn The Torpedoes, Full Speed Ahead!
  • #5,785
  • Oct 25, 2011 1:25pm Oct 25, 2011 1:25pm
Hi mustangzs nice trade for today. It was realy not confortable for trading today because of ranging market. I made some pips today but it was just for test on demo account.

Ucad was Dreds sugestion in the chat room. It was news trade and it succeeded as usual . For me 127 pips but I was not at computer all the time so trade went with trailing stop.
  • #5,786
  • Oct 25, 2011 1:57pm Oct 25, 2011 1:57pm
Only took one trade aswell, very early this morning on the NZD/USD 4H

Red vertical line is my entry and green horizontal is my exit on half lot and the other half to BE, very conservative 1:1 +75 and ill let the other half run free.
Attached Image (click to enlarge)
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  • #5,787
  • Oct 26, 2011 4:19am Oct 26, 2011 4:19am
My first post here, have been reading through and trying to get familiar with this great system. AUDUSD M15 text book entry, does this one look correct?

Downtrend (based also on fundamentals), failed at S1 pivot, stoch crossed, entry right after first red candle close. (very) conservative take profit: 50% TP at M1, BE and the rest TP at S2. Did I miss something?
Attached Image (click to enlarge)
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  • #5,788
  • Oct 26, 2011 7:44am Oct 26, 2011 7:44am
Quoting dn1pro
My first post here, have been reading through and trying to get familiar with this great system. AUDUSD M15 text book entry, does this one look correct?

Downtrend (based also on fundamentals), failed at S1 pivot, stoch crossed, entry right after first red candle close. (very) conservative take profit: 50% TP at M1, BE and the rest TP at S2. Did I miss something?
Can't see anything you missed, good trade
  • #5,789
  • Oct 26, 2011 8:06am Oct 26, 2011 8:06am
Can't go into the chatroom anymore because every time I do, it somehow crashes my computer, so will have to do without it
  • #5,790
  • Oct 26, 2011 9:46am Oct 26, 2011 9:46am
Quoting ohammond
Can't go into the chatroom anymore because every time I do, it somehow crashes my computer, so will have to do without it
I jumped in and out several times today, only being interrupted by work.

Had a blast today: +13.5 % to the account.

For the rest of the day on the sidelines.

green pips

Udine
Sleep less, live fast, as it aint gonna last
  • #5,791
  • Oct 26, 2011 9:54am Oct 26, 2011 9:54am
Done for the day as well, definitely made up the difference from yesterday with today's killer trades today. Knew the EU summit was going to bring several hundred pips my way today, just had to be patient and sit back and watch the charts. EUR/CAD was a gimme today, I knew I was going to profit from that bad boys pull back.

Dredding....as always....I'm buying.

Thanks for the +200 pips today...it was just so easy today.
  • #5,792
  • Oct 26, 2011 10:00am Oct 26, 2011 10:00am
Don't know if anyone watches CNBC or Bloomberg while trading...WHICH YOU SHOULD!!! But Bloomberg analysts were talking about major currency investors are keeping a VERY close eye on the USD/JPY, they're expecting the Bank of Japan to intervene within 48 hours to push the dollar higher.

You're talking about several hundred pips in about five minutes.

Just thought you should know.
  • #5,793
  • Oct 26, 2011 10:07am Oct 26, 2011 10:07am
Quoting mustangzs
Done for the day as well, definitely made up the difference from yesterday with today's killer trades today. Knew the EU summit was going to bring several hundred pips my way today, just had to be patient and sit back and watch the charts. EUR/CAD was a gimme today, I knew I was going to profit from that bad boys pull back.

Dredding....as always....I'm buying.

Thanks for the +200 pips today...it was just so easy today.

Nice trading, very nice

Udine
Sleep less, live fast, as it aint gonna last
  • #5,794
  • Oct 26, 2011 12:11pm Oct 26, 2011 12:11pm
There were definitely some pips to be made today. Very slow start for me, but really got some good moves in the EU afternoon session. I found myself setting my TP far too short or jumping out of trades early. If I'd have looked a little further I could have AT LEAST doubled my small pips profit for the day.

Tomorrow I will remember what Dredding keeps saying about not over thinking the trade and sticking to the plan.

Must stress, I have only been trading it for a week or so, but I am loving this system. I am new to Forex, but I'm feeling lucky I stumbled across this thread early in my forex education as it's giving me so much confidence (and many pips) with my trading. I know it's such a small sample, but I think the confidence it's instilling is priceless.
  • #5,795
  • Oct 26, 2011 1:28pm Oct 26, 2011 1:28pm
A bill money setup maybe in the making on the daily chart.
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  • #5,796
  • Oct 26, 2011 1:37pm Oct 26, 2011 1:37pm
Quoting Checkz
A bill money setup maybe in the making on the daily chart.
Finally someone that post an honest chart.

Without the arrow that prove your entry is simply too easy to say "I've made this huge amount of pips"

gspe
  • #5,797
  • Oct 26, 2011 1:45pm Oct 26, 2011 1:45pm
Quoting gspe
Finally someone that post an honest chart.

Without the arrow that prove your entry is simply too easy to say "I've made this huge amount of pips"

gspe

Alot of people have posted charts without the entry/exit arrows......Seems by that statement you are looking for signals because you are too LAZY to find good setups yourself! Either way does not matter. LURKERS AND LAZY MOFOS GO ON THE IGNORE LIST!
  • #5,798
  • Oct 26, 2011 1:45pm Oct 26, 2011 1:45pm
Quoting gspe
Finally someone that post an honest chart.

Without the arrow that prove your entry is simply too easy to say "I've made this huge amount of pips"

gspe
I think everyone posts "honest" charts on here. We either show the buy/sell as it goes in with the order number, or show the arrows where the trade went in or came out. My chart will never look like checkz because I'm on MT4 and it doesn't show trades like that.
  • #5,799
  • Oct 26, 2011 1:54pm Oct 26, 2011 1:54pm
Thanks to this system, I am going to take delivery in around 6 days time of this, http://www.multiplemonitors.co.uk/products/22-six-monitors-extreme/ of course, I've customised it as well so got this coming

Boot Hard Drive: 120GB Intel 320 SSD
2nd Hard Drive: 1TB - 72,000RPM
Wireless Card: Wireless Network Card
Inputs: MS Wired Bundle
Speakers: Logitech USB Desktop
OS: Windows 7 Professional
MS Office: Professional
Warranty Cover: 3 Yr - NBD On-Site
6 x 22" Widescreen Monitors

My 5 year old PC with 1 monitor thanks you for the rest its going to have Dred
  • #5,800
  • Oct 26, 2011 2:14pm Oct 26, 2011 2:14pm
Quoting Checkz
A bill money setup maybe in the making on the daily chart.
Checkz

My NZDUSD daily chart shows yesterdays Heiken Ashi candle as being RED which would mean that todays candle would have been the entry. Maybe its the time zone your in.

Ohammond

I am loving that new setup with 6 22 inch monitors!
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