Price Action Trading with Indicators! The Freebie System | Page 311 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Freebie 1 min trading method 1,227 replies

Naked Trading Using Price Action (No Indicators) 32 replies

Pure Price Action Trading - NO lines or indicators 49 replies

Help adding a filter to the Freebie Indicator 3 replies

EUR/USD Trading Price Action System 2 replies

Attachments: Price Action Trading with Indicators! The Freebie System
Exit Attachments

Price Action Trading with Indicators! The Freebie System

  • #6,201
  • Jan 31, 2012 3:30am Jan 31, 2012 3:30am
Quoting Dredding82
Why have a indicator on your chart and NOT USE IT! ALL HTF ARE GREEN! Trade with the TREND.....
I know that all HA should be red for short but... sth is not fully clear to me. Let me explait.
Look at my chart. Red vertical line on Jan 26th is your short trade you have posted on previous page. 1 HA is red, 3 HA,s are green.
I think that my trade is more or less the same of yours from 26th. If i am wrong if i am looking at this from wrong point of view please explain me.

I have one more observation make during writing this post. When I zoom out a chart i see up trend on H1 (maybe thats why my trade is against trend) but on H4 i see down trend. Am i right? So thats directions we should trade (plus confirmation -4 rules from post No1)?


EDIT:
You have answered my question during writing this post. Now it is clearer for me. THX
  • #6,202
  • Edited 3:59am Jan 31, 2012 3:45am | Edited 3:59am
Quoting truchtzero
I know that all HA should be red for short but... sth is not fully clear to me. Let me explait.
Look at my chart. Red vertical line on Jan 26th is your short trade you have posted on previous page. 1 HA is red, 3 HA,s are green.
I think that my trade is more or less the same of yours from 26th. If i am wrong if i am looking at this from wrong point of view please explain me.

I have one more observation make during writing this post. When I zoom out a chart i see up trend on H1 (maybe thats why my trade is against trend) but on H4 i see...
Add a MOVING AVERAGE to your chart if you are unsure of TREND......H4 has been making HH since the 19th of this month....If you add a 50 MA. If you add a 50,100 & 200....all say the trend on the H4 is UP...so i dont see how you can see the H4 as down. But the higher TF HAs will tell you pretty much the same thing the MAs will.

But your trading on the H1...so i would use the TREND on the D1...not the H4. Thats what i use myself for my longer term trades.
  • #6,203
  • Jan 31, 2012 4:04am Jan 31, 2012 4:04am
I look at trend from wide perspective, thats why i see down trend on H4 (see chart).
But you are right, from narrow perspective (HH from 19th) it is up trend of course and it is direction we should trade.
And one more thing. HA H4,D1,W1 are green.
Attached Image (click to enlarge)
Click to Enlarge Name: uc1111a.gif Size: 67 KB
  • #6,204
  • Jan 31, 2012 4:08am Jan 31, 2012 4:08am
Quoting truchtzero
I look at trend from wide perspective, thats why i see down trend on H4 (see chart).
But you are right, from narrow perspective (HH from 19th) it is up trend of course and it is direction we should trade.
And one more thing. HA H4,D1,W1 are green.
Red- 200
Green -100
Aqua - 50

The FAR out zoom is WAY WAY too far...Those are from LAST YEAR....Since its a new year you can ONLY use the last years High/lows for areas of S & R..... Just stick with HTF HA color or MAs...its alot easier for people to use those then to try and judge HH/LL. and that is why indicators were made...the EASE of seeing HH OR LL.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.gif Size: 45 KB
  • #6,205
  • Jan 31, 2012 4:23am Jan 31, 2012 4:23am
Quoting Dredding82
But your trading on the H1...so i would use the TREND on the D1...not the H4. Thats what i use myself for my longer term trades.
Question is on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: uc1111a.gif Size: 47 KB
  • #6,206
  • Edited 5:02am Jan 31, 2012 4:45am | Edited 5:02am
Quoting truchtzero
Question is on the chart.
Why dont you have a HL? The candle made a HH with that D1 candles high/close...which if you look at the LOW/OPEN of that candle it was a HL......

STOP jumping on every different fricking TF...PICK ONE! Trade it!

STOP OVER THINKING! USE THE MTF HA....PERIOD!
  • #6,207
  • Jan 31, 2012 5:06am Jan 31, 2012 5:06am
Quoting Dredding82
Why dont you have a HL? The candle made a HH with that D1 candles high/close...which if you look at the LOW/OPEN of that candle it was a HL......
OK. I thought i should wait for new semaphor to have HL.
  • #6,208
  • Jan 31, 2012 5:09am Jan 31, 2012 5:09am
Quoting truchtzero
OK. I thought i should wait for new semaphor to have HL.
Are you trading the MN TF? NO....so all your looking at is the D1 candle or the HH/LL on your H1 TF....which is why the MTF HA is setup the way it is. To help people that over think....watch too many TFs....etc.
  • #6,209
  • Edited 6:58am Jan 31, 2012 5:19am | Edited 6:58am
Quoting Dredding82
You are wrong...they were both short trades.

On the H1 charts i am still looking for shorts on EurUsd because the D1 HA is still currently red. The GbpUsd was red and now has turned green so i am starting to look for longs on that pair.

I have been looking for longs on both intraday trading the M15 since late yesterday since that TF shows the H4 as having green HA candles.
I think i catching main idea:
1. To trade M15 TF - candles M15 and H4 must be in the same colour (plus other conditions).
2. To trade H1 TF -candles H1 and D1 must be in the same colour (plus other conditions).


One more question:
If price is above RangeLine High it is better to not trade at all or not trade only long trades?
  • #6,210
  • Jan 31, 2012 8:40am Jan 31, 2012 8:40am
Blah .................
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 119 KB
  • #6,211
  • Jan 31, 2012 9:45am Jan 31, 2012 9:45am
Quoting truchtzero
One more question:
If price is above RangeLine High it is better to not trade at all or not trade only long trades?
Read the THREAD!
  • #6,212
  • Jan 31, 2012 9:58am Jan 31, 2012 9:58am
Quoting truchtzero
I think i catching main idea:
1. To trade M15 TF - candles M15 and H4 must be in the same colour (plus other conditions).
2. To trade H1 TF -candles H1 and D1 must be in the same colour (plus other conditions).

If my assumption on above is right i dont understand your short entry.
If your entry is marked with vertical dotted line so on my chart H4 HA is green. It would be easier for me to show it on chart but you asked me to not do it.
  • #6,213
  • Jan 31, 2012 10:02am Jan 31, 2012 10:02am
Quoting Dredding82
Read the THREAD!
I had to missed it. I will find it on thread.
  • #6,214
  • Jan 31, 2012 1:34pm Jan 31, 2012 1:34pm
Quoting truchtzero
If my assumption on above is right i dont understand your short entry.
If your entry is marked with vertical dotted line so on my chart H4 HA is green. It would be easier for me to show it on chart but you asked me to not do it.
The 4hr chart had made a LH therefore indicating the trend was about to change. And change it did. Drop to the 15m chart and take the LH entry from there like Dredd did. Perfection. No need for MTF HA with this trade.

D
  • #6,215
  • Jan 31, 2012 1:49pm Jan 31, 2012 1:49pm
Quoting truchtzero
If my assumption on above is right i dont understand your short entry.
If your entry is marked with vertical dotted line so on my chart H4 HA is green. It would be easier for me to show it on chart but you asked me to not do it.

READ THE DAMN THREAD! I DO NOT USE THE MTF HA! I added it for you retarded people that OVER THINK! I have said that shit countless times! READ POST #1!!!!!! I USE HH/LL(Used in the trade) or sometimes MTF HA or Freebie Trend Indicator(Used in the trade) or a SIMPLE MOVING AVERAGE!...............Your on IGNORE!
  • #6,216
  • Jan 31, 2012 1:54pm Jan 31, 2012 1:54pm
Always nice to have some evening reading and charts back in the thread ......even if there is someone getting whipped

Nice trades today folks. Green pips had by most i'm sure.
  • #6,217
  • Jan 31, 2012 3:26pm Jan 31, 2012 3:26pm
Quoting tritan
Always nice to have some evening reading and charts back in the thread ......even if there is someone getting whipped

Nice trades today folks. Green pips had by most i'm sure.
I agree! I love to get up in the morning and check the thread to read new posts as well. Always a good laugh to see Dred keeping someone in line. Gotta Keep This Thread Alive!
Damn The Torpedoes, Full Speed Ahead!
  • #6,218
  • Edited 8:50pm Feb 1, 2012 3:52am | Edited 8:50pm
Boy this really took off. My 1st trade, a winner. G/U 5m long.
I know it was countertrend. Gave a bunch of +pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-02-01_0110.jpg Size: 151 KB
  • #6,219
  • Feb 1, 2012 10:54am Feb 1, 2012 10:54am
Daily trend is UP.
Lets trade only longs. Trade taken because HL semaphore, green HA .
Attached Image (click to enlarge)
Click to Enlarge Name: 1a.gif Size: 37 KB
  • #6,220
  • Feb 1, 2012 12:19pm Feb 1, 2012 12:19pm
My H4 candle has closed just 10 min ago. It is HH (only few pips but HH anyway) than previous semaphore.
How manage this situation because LH, LL sequence is disturbed now?
I think we should wait for clarification (new LH) to start looking for short on M15 TF. Am i right?

Dred, if i am asking questions in wrong way tell me how to do it, because as i see it is so easy to be moved to ignore list. I have read first post milion times and taken notes from whole thread, but still cant catch this "something" to fully understand system.
2 traders viewing now