Price Action Trading with Indicators! The Freebie System | Page 305 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #6,081
  • Nov 30, 2011 1:01pm Nov 30, 2011 1:01pm
cant just mention fail trade in this winning system : )

here is the winning one. I mentioned at chatroom and then go away

its over 1:3 RR !!!!!!!!!!!!!!

but dammmmmmit !! Since I was going to travel in metro, I set SL and TP as 1:1 then closed the laptop

that trade should enough for me to cover all loss ((((
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  • #6,082
  • Dec 1, 2011 10:32am Dec 1, 2011 10:32am
only one trade were made today , but failed (
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  • #6,083
  • Dec 2, 2011 1:01pm Dec 2, 2011 1:01pm
Hello All, Just stumbled across dredding thread on monday ,I finally finished it Wednesday nighthttp://www.forexfactory.com/images/s...im/whew%21.gif.first trade on a demo account 4hr TF, R:R1:2.my entry, price failed at the Resistance point1.57810.(yellow vertical line)sl (orange horizontal line)Tp(blue horizontal line,I decided to take profit as i just got back from work with +105 pips (could have left it but ,i was too excited )even though its fake money ) I hope i continue to get a hang of this system.Thanks to Dredding
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  • #6,084
  • Dec 2, 2011 9:51pm Dec 2, 2011 9:51pm
Quoting neziah
Hello All, Just stumbled across dredding thread on monday ,I finally finished it Wednesday nighthttp://www.forexfactory.com/images/s...im/whew%21.gif.first trade on a demo account 4hr TF, R:R1:2.my entry, price failed at the Resistance point1.57810.(yellow vertical line)sl (orange horizontal line)Tp(blue horizontal line,I decided to take profit as i just got back from work with +105 pips (could have left it but ,i was too excited )even though its fake money ) I hope i continue to get a hang of this system.Thanks...
First, thank you for reading the thread from beginning to end.
Second, congratulation on the 105 pips; regardless of them being demo or not.

Remember:
1) Follow the rules of the system
2) Encompass all aspects of trading along side this strategy
a-Risk to Reward
b-Money Management
c-Be cautious of trading around news
d-Try to primarily trade with the trend.
3) Learn to control your emotions..trade the demo as if it was real money.
4) Go live when you're comfortable and confident with yourself.

We're here if you need us..look forward to seeing more charts in the future.
  • #6,085
  • Dec 5, 2011 7:16pm Dec 5, 2011 7:16pm
Took this EU short, 1.400 shown good R, price behaving in a range and higher tfs in down mode. +2% for the day cheers dredding82
Attached File(s)
File Type: pdf eu6.12pdf.pdf   463 KB | 729 downloads
  • #6,086
  • Dec 6, 2011 2:49am Dec 6, 2011 2:49am
Let me know, why you would have stayed out of this trade.

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Damn The Torpedoes, Full Speed Ahead!
  • #6,087
  • Dec 6, 2011 1:46pm Dec 6, 2011 1:46pm
Quoting DizzleFX
Let me know, why you would have stayed out of this trade.

Attachment
Looks like you entered one candle too late. And there is also an argument that the earlier entry wasn't valid due to it not rejecting a pivot....IMHO
  • #6,088
  • Dec 6, 2011 4:56pm Dec 6, 2011 4:56pm
yeah imo looks like 1 candle too late, a short would've been good for about 1:3 R:R
  • #6,089
  • Dec 8, 2011 12:50pm Dec 8, 2011 12:50pm
too busy to join chatroom today

here's my trades of today

Win and Win

one failed in Gbp by its choppy

overall is WIN !!

weeeeee ~~~~~~
Attached Image(s) (click to enlarge)
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  • #6,090
  • Dec 8, 2011 6:58pm Dec 8, 2011 6:58pm
Newbie with a couple of trades. I got in long on the EU at the green vertical line and got in short on the red vertical line just a little while later. In both cases, I got some pips but not all that was available. I have had a habit of allowing winners to become losers during retrace. So, I have a trailing EA set to follow price by 20 points after the position goes positive by XX pips. I adjust the pips depending upon the price action of the day. Today, a 20 pip trailing stop was not enough. Happened to me twice on the Euro, once on the AUDUSD and once on the GBPJPY. They were all closed for positive pips but I left a lot on the table.

I was looking for an entry in the highlighted area but it was too late in the day.

This method is extremely clear. Most enjoyable today.

T
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  • #6,091
  • Dec 9, 2011 8:18am Dec 9, 2011 8:18am
Took a setup to short GBP/USD near RgL. Price looked like it was going to pull back. Trade went my favor 15 pips, decided "HEY..why close the whole order, why not let your winners run like Dred says..that's what the professionals do right?" Closed half my order and moved stop loss to break even. RISK FREE TRADE!!!! TP hit for a gain of PIPPAGE!!!! Picture of chart and price entry/exit. I'm using MT4 until I get some of the indicators finished translated over to FXCM's Marketscope. I don't know how to show my profits in pips, trading history etc..etc..so I took a snap shot of my trading history and edited out my profit/lot size. That's my business...not yours. But here you go guys. Red vertical line was my entry.
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  • #6,092
  • Dec 9, 2011 8:28am Dec 9, 2011 8:28am
Mustangzs:

I did something similar on EU. I went short a candle late, but still caught it for 60 pips. Rather than close a portion and move stops to BE, I employ a trailing EA. Once I am at BE, the pressure is off and I can watch from a relaxed position. I closed the position manually when the action seemed to retrace against me rather than letting it pull back to my trailing stop.

I am only working one pair until I am comfortable that I have the hang of this.
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  • #6,093
  • Edited 10:06am Dec 9, 2011 9:55am | Edited 10:06am
Killer trading both of your guys!

Here are a few trades i have taken today...you know it is FRIDAY and there is supposed to be NO PIPS to be made! 1 trade is already closed out and the other 2 are RISK FREE TRADES with profit already BANKED!
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  • #6,094
  • Dec 13, 2011 1:10pm Dec 13, 2011 1:10pm
For some reason I am having difficulty posting my charts. So, a text report. Two EURUSD trades yesterday,; a short at 8 am EST for +20, and a long at 9:30 EST for -10. One today at 10 am for +40. Had I had the cojones to stay, it went for +70. Sometimes I learn as much from the winners as I do from the losers ......

Enjoying this system.
  • #6,095
  • Dec 13, 2011 1:23pm Dec 13, 2011 1:23pm
Quoting Tpc23
For some reason I am having difficulty posting my charts. So, a text report. Two EURUSD trades yesterday,; a short at 8 am EST for +20, and a long at 9:30 EST for -10. One today at 10 am for +40. Had I had the cojones to stay, it went for +70. Sometimes I learn as much from the winners as I do from the losers ......

Enjoying this system.
Way to go buddy.
When you figure out what's going on...try to post some charts. Everyone loves a good chart.
  • #6,096
  • Dec 13, 2011 1:57pm Dec 13, 2011 1:57pm
Hi,

I have spent the last 2 weeks studying the 400 plus pages, configuring and finally today testing. Much different live than just look at charts in on the forum.

Thanks to everyone for their time and sharing of their knowledge especially Dred! It has made it easy for me to follow behind.

With that here was my first trade this morning while I was in the chat room. I would have entered earlier but I have to ease into that as it would be 1:00 AM my time.

+59 pips
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  • #6,097
  • Dec 14, 2011 3:27am Dec 14, 2011 3:27am
Here is a gold trade i took yesterday. Already closed a % of my lots to reduce risk then moved my SL awhile ago to lock in even more profits. I could have just closed another % of the current lots i still have but I think gold will go back up some day so these are just trades for extra cash.
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  • #6,098
  • Dec 14, 2011 9:41am Dec 14, 2011 9:41am
here's my trade of today


Lmao...... its over 200 pips........ can get more if greedy enough
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  • #6,099
  • Dec 14, 2011 9:54am Dec 14, 2011 9:54am
Heres 1 of mine today

GU - i actually took entry off the 5m TF to get in earlier and increase the R:R.

To say I a
m looking forward to 2012 is an understatement!
D
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  • #6,100
  • Dec 14, 2011 10:03am Dec 14, 2011 10:03am
Quoting Dredding82
Here is a gold trade i took yesterday. Already closed a % of my lots to reduce risk then moved my SL awhile ago to lock in even more profits. I could have just closed another % of the current lots i still have but I think gold will go back up some day so these are just trades for extra cash.

See what happens when you REDUCE RISK...Letting your winners RUN!
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