Price Action Trading with Indicators! The Freebie System | Page 298 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #5,941
  • Nov 1, 2011 6:32pm Nov 1, 2011 6:32pm
Hopefully if my coffee is strong enough I'll try and trade a little of the Asian opening since most of the currency pairs I trade had far exceeded ADR this morning. Try to get a few pips in.

Does anyone trade indices or oil, gold/silver on a live account in the US? Supposedly FXCM supports commodities and indices trading but only with a UK based account and I'm not allowed to open one because of the Dodd-Frank Act....
  • #5,942
  • Nov 2, 2011 1:25am Nov 2, 2011 1:25am
Quoting mustangzs
Hopefully if my coffee is strong enough I'll try and trade a little of the Asian opening since most of the currency pairs I trade had far exceeded ADR this morning. Try to get a few pips in.

Does anyone trade indices or oil, gold/silver on a live account in the US? Supposedly FXCM supports commodities and indices trading but only with a UK based account and I'm not allowed to open one because of the Dodd-Frank Act....
I trade the Dow and have the ability to trade both gold and silver as well from the US.
  • #5,943
  • Nov 2, 2011 2:34am Nov 2, 2011 2:34am
A few people have asked for the pip counter I use, so I am posting it here to make it easier to give to anyone, its not an indicator that detracts from this system at all, simply counts the pips we collect
Attached File(s)
File Type: ex4 FXGuru_PipTracker.ex4   13 KB | 508 downloads
  • #5,944
  • Nov 2, 2011 4:48am Nov 2, 2011 4:48am
Trade i took today. Just closed on M2 pivot
Attached Image (click to enlarge)
Click to Enlarge Name: uch free1.gif Size: 34 KB
  • #5,945
  • Nov 2, 2011 4:53am Nov 2, 2011 4:53am
and your entry is?
  • #5,946
  • Nov 2, 2011 4:54am Nov 2, 2011 4:54am
Quoting magnepan
Trade i took today. Just closed on M2 pivot

well done

Udine
Sleep less, live fast, as it aint gonna last
  • #5,947
  • Nov 2, 2011 5:03am Nov 2, 2011 5:03am
Quoting stevebalmmer
and your entry is?

I'd say the red vertical line

Udine
Sleep less, live fast, as it aint gonna last
  • #5,948
  • Nov 2, 2011 5:30am Nov 2, 2011 5:30am
Quoting Udine
well done

Udine
THX Udine. I keep learning this system because i feel it it real good one.
I am reading all thread for second time to colect all important informations.
  • #5,949
  • Nov 2, 2011 5:36am Nov 2, 2011 5:36am
Quoting magnepan
THX Udine. I keep learning this system because i feel it it real good one.
I am reading all thread for second time to colect all important informations.
Very good. keep reading and checking the charts !! it takes time, but you'll get there.

Udine
Sleep less, live fast, as it aint gonna last
  • #5,950
  • Nov 2, 2011 6:40am Nov 2, 2011 6:40am
my EURGBP trade from Asia still running.

So all weekend i studied Camarilla for about 20 hours in total over the weekend, and how they are worked out, and thier relationship with pivots etc.

Best time to use for market direction is Asia open, this is my second big moving trade i took this week using this.
So market opens between the H3 and L3 levels, i wait for price to reach the level and then sit patiently and wait for semafor, failt at pivot (L3), green HA to close, and stoch crossed up.
New day is at white dotted line, my entry at red vertical line.

I have taken 2 thirds of position out, and eveything else is riding with the stop loss also in profit following behind it
Attached Image (click to enlarge)
Click to Enlarge Name: cama.gif Size: 50 KB
  • #5,951
  • Nov 2, 2011 6:59am Nov 2, 2011 6:59am
Quoting deankenny21
my EURGBP trade from Asia still running.

So all weekend i studied Camarilla for about 20 hours in total over the weekend, and how they are worked out, and thier relationship with pivots etc.

Best time to use for market direction is Asia open, this is my second big moving trade i took this week using this.
So market opens between the H3 and L3 levels, i wait for price to reach the level and then sit patiently and wait for semafor, failt at pivot (L3), green HA to close, and stoch crossed up.
New day is at white dotted line, my entry at red...
Very good! Good job on doing your research on the Camarilla indicator and realizing the potential it can offer in your trading. Keep up the good work.
  • #5,952
  • Nov 2, 2011 11:37am Nov 2, 2011 11:37am
The daily dose has been reached every day this week.

Nice confidence boost in first live week

Udine
Sleep less, live fast, as it aint gonna last
  • #5,953
  • Nov 2, 2011 11:40am Nov 2, 2011 11:40am
TP hit on one of my trades.

+43 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.jpg Size: 107 KB
  • #5,954
  • Nov 2, 2011 11:46am Nov 2, 2011 11:46am
Quoting mustangzs
TP hit on one of my trades.

+43 pips

Mustaingzs,



Udine
Sleep less, live fast, as it aint gonna last
  • #5,955
  • Nov 2, 2011 12:20pm Nov 2, 2011 12:20pm
what went wrong, short at red vertical.
Attached Image (click to enlarge)
Click to Enlarge Name: cama.gif Size: 42 KB
  • #5,956
  • Nov 2, 2011 12:54pm Nov 2, 2011 12:54pm
Quoting deankenny21
what went wrong, short at red vertical.
FOMC Minutes; you started a trade while a central bank was giving their outlook on the economy. This has always caused large whipsaws and even trend reversals to occur.
  • #5,957
  • Nov 2, 2011 3:03pm Nov 2, 2011 3:03pm
Mustang

You got me involved with the EURCAD! : )

D
Attached Image (click to enlarge)
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  • #5,958
  • Nov 2, 2011 5:11pm Nov 2, 2011 5:11pm
Re: Freebie signal alert v1.
Dredd would you be so kind as to let us know what this measures. Your advice to us was not to us indis we didn't understand. I'd like to grow my understanding a little further.

Thanks for your time, effort and encouragement.
Just trade the pullback you idiot!
  • #5,959
  • Nov 2, 2011 7:12pm Nov 2, 2011 7:12pm
Quoting deankenny21
what went wrong, short at red vertical.

Doesn't look like anything went wrong other than news. If you had set two trades and closed one at 1:1 and the other at B/E you would have been profitable.
  • #5,960
  • Nov 2, 2011 7:14pm Nov 2, 2011 7:14pm
Quoting prof8t
Doesn't look like anything went wrong other than news. If you had set two trades and closed one at 1:1 and the other at B/E you would have been profitable.
i do take action at 1:1 but it did not make it to 1:1
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