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Price Action Trading with Indicators! The Freebie System

  • #6,001
  • Nov 8, 2011 3:31am Nov 8, 2011 3:31am
Quoting vshyam
Attachment Hi Dredding82,

I took this trade a few hours ago- and it went up- pure bad luck. Does anyone trade before London open or should it be best to trade during LDN/NY hours only? Did i do something wrong?

Appreciate any feedback thanks!!
Right on top of a pivot and London Open.
  • #6,002
  • Nov 8, 2011 7:05am Nov 8, 2011 7:05am
Yes I opened it when it failed to break the Pivot. Anything wrong?
  • #6,003
  • Nov 8, 2011 7:18am Nov 8, 2011 7:18am
Quoting vshyam
Yes I opened it when it failed to break the Pivot. Anything wrong?
I meant there weren't many pips until the pivot underneath where you went in.
  • #6,004
  • Nov 8, 2011 8:52am Nov 8, 2011 8:52am
Making nice pips !! Trade entry on last red line
Attached Image (click to enlarge)
Click to Enlarge Name: USDSGD.jpg Size: 85 KB
  • #6,005
  • Nov 8, 2011 10:46am Nov 8, 2011 10:46am
Wanted to post some charts for everyone to see since everyone is always hanging out in the chat room. It helps newbies to visually see trades.

I had +96 pips today. I didn't let my EUR/USD and GBP/USD trade hold for more than 20 pips each because of the financial meeting being held in Rome today. Here you go guys.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 109 KB
Click to Enlarge Name: GU.jpg Size: 104 KB
Click to Enlarge Name: UF.jpg Size: 106 KB
  • #6,006
  • Nov 8, 2011 12:07pm Nov 8, 2011 12:07pm
Quoting mustangzs
Wanted to post some charts for everyone to see since everyone is always hanging out in the chat room. It helps newbies to visually see trades.

I had +96 pips today. I didn't let my EUR/USD and GBP/USD trade hold for more than 20 pips each because of the financial meeting being held in Rome today. Here you go guys.
Thanks for the postings, always appreciated.
  • #6,007
  • Nov 8, 2011 1:03pm Nov 8, 2011 1:03pm
Quoting mustangzs
Wanted to post some charts for everyone to see since everyone is always hanging out in the chat room. It helps newbies to visually see trades.

I had +96 pips today. I didn't let my EUR/USD and GBP/USD trade hold for more than 20 pips each because of the financial meeting being held in Rome today. Here you go guys.
Appreciate it Mustangzs. I'm one of the unlucky ones who cant make the chatroom during the day at the mo so coming back to some screenshots is always a nice thing
  • #6,008
  • Nov 9, 2011 8:54am Nov 9, 2011 8:54am
Quoting Dredding82

Please sign in using your Forex Factory Screen name.
Freebie Newbie System Chat Room:
http://chatzy.com/FreebieSystemChat
I look now Chat Room and I banned. Why ?? ( I am sorry for my bad english, i am from Czech Republic). Thank You. Robin
  • #6,009
  • Nov 9, 2011 9:02am Nov 9, 2011 9:02am
Hi All. Today is no good Day for Freebie System (Eur/Usd 15 Time Frame) or You Have Good Day ?? Thank You. Robin.
  • #6,010
  • Nov 9, 2011 9:16am Nov 9, 2011 9:16am
Quoting robin1962
I look now Chat Room and I banned. Why ?? ( I am sorry for my bad english, i am from Czech Republic). Thank You. Robin
Don't worry about it, he kicked me out the other day and I had not even said anything
TTFN Merlyn
  • #6,011
  • Nov 9, 2011 9:41am Nov 9, 2011 9:41am
Quoting Merlyn
Don't worry about it, he kicked me out the other day and I had not even said anything
Thank You...
  • #6,012
  • Nov 9, 2011 10:59am Nov 9, 2011 10:59am
Quoting Dreamliner
Any chance you could use punctuation the other traders are being confused don't you think and so it might help to occasionally
first think lose you all sanity read second sentance then know, All Is Well !
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #6,013
  • Nov 9, 2011 1:13pm Nov 9, 2011 1:13pm
Quoting robin1962
Hi All. Today is no good Day for Freebie System (Eur/Usd 15 Time Frame) or You Have Good Day ?? Thank You. Robin.
What trades did you take and we might be able to help, it should have been an excellent day.
  • #6,014
  • Nov 9, 2011 1:53pm Nov 9, 2011 1:53pm
Quoting ohammond
What trades did you take and we might be able to help, it should have been an excellent day.
Thank you. I Today trade only eur/usd TF15 longs. I make Freebie system, but today Losses.
(rules: BUY
Trade With The Trend
1) ZZ Semafor On BOTTOM(Within 1-3 Candles)
2) Failed At Pivot
3) Stoch Crossed UP
4) HA Candle Closed GREEN
SL= Last Low(ZZ Semafor Dot)
....
very bad day. Robin.
  • #6,015
  • Nov 9, 2011 2:08pm Nov 9, 2011 2:08pm
I missed this entry today, and only think i can do for all day long is watching EU falling down ;(
Attached Image (click to enlarge)
Click to Enlarge Name: eu free.gif Size: 38 KB
  • #6,016
  • Nov 9, 2011 2:31pm Nov 9, 2011 2:31pm
Quoting robin1962
Thank you. I Today trade only eur/usd TF15 longs. I make Freebie system, but today Losses.
(rules: BUY
Trade With The Trend
1) ZZ Semafor On BOTTOM(Within 1-3 Candles)
2) Failed At Pivot
3) Stoch Crossed UP
4) HA Candle Closed GREEN
SL= Last Low(ZZ Semafor Dot)
....
very bad day. Robin.

EUR/USD was trending down all day! The money was on the short side.

Post charts with your entries and someone may be able to help.
Simplicity is the ultimate in sophistication ~ Leonardo Da Vinci
  • #6,017
  • Nov 9, 2011 2:44pm Nov 9, 2011 2:44pm
I thank you All. I was probe First Day (today) Freebie system. I Think: Freebie system is very good for no trend Day (or small trend Day), but no good for big trend Day. Is this ok ? Robin
  • #6,018
  • Nov 9, 2011 2:47pm Nov 9, 2011 2:47pm
I got in on a pullback at around 1:15pm EST. Being patient allowed me to gain another 115 pips today on EU, GU, and USD/CAD. Traded off of fundamentals this afternoon while watching the DJIA, and US DOLLAR Index.

YES..ADR was met today and that means more risk. I was willing to take that risk because this market is moving off FUNDAMENTALS and NOT TECHNICALS. Dred's system utilizes price action with technicals for entry and exit which helped me with my decision making.

I listen to Bloomberg all day long with a hint of Mad Money in the evening and currency watch on Friday nights on CNBC. All day today on Bloomberg, hedge fund managers and investors said the same thing.."this market is playing fully off of fundamentals...fundamentals...fundamentals." Large moving days like today are playing off fears in Europe, which in return are dictating the markets reaction. Days like today I don't keep ADR so closely to my heart (horrible phrase to choose but my 3 years old is wanting to go outside and this post has extrapolated into a much larger post then originally intended) That doesn't mean I totally disregard it. But I know that technical's aren't ruling the decision making process today.

It would have been nice if I was awake at the time I need to be awake. Could have made probably 3X the amount of money I did. No need to be greedy, markets will be here tomorrow, money will be there to be earned.
  • #6,019
  • Nov 9, 2011 2:52pm Nov 9, 2011 2:52pm
I will try to post charts later, been busy with everything. It should be obvious though on where entries were made though.
  • #6,020
  • Edited 3:44pm Nov 9, 2011 2:55pm | Edited 3:44pm
Quoting robin1962
I thank you All. I was probe First Day (today) Freebie system. I Think: Freebie system is very good for no trend Day (or small trend Day), but no good for big trend Day. Is this ok ? Robin
Have you read the thread? If not, go back and read it and re-read it. I guarantee you the answers you seek are in the thread numerous times.
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