Price Action Trading with Indicators! The Freebie System | Page 320 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #6,381
  • Mar 9, 2012 4:20am Mar 9, 2012 4:20am
Failed trade this morning, entry marked by red line
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  • #6,382
  • Mar 9, 2012 4:23am Mar 9, 2012 4:23am
Quoting slippy
Failed trade this morning
Refer to this post....http://www.forexfactory.com/showthread.php?p=5445932#post5445932

I dont know why everyone thinks a pair can just keep going and going without a PULLBACK.......Dont blame the system if you dont have a basic understanding of TREND.

And please at least post what pair it was....though im pretty sure it was UsdCad which had a 98 pip move yesterday...Plus why are you trading USD CAD...in the ASIAN session? US banks and markets are CLOSED and so are Canada's....not smart...
  • #6,383
  • Edited 8:55am Mar 9, 2012 6:01am | Edited 8:55am
Fair point about the session, I'm not blaming the system, just trying to learn from my mistakes. Trend was down, but I do understand Trend won't last forever. My problem is judging what is a good pull back. Just for balance a winning trade from last night.

Aud/Cad 15m

sell entry at red line
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  • #6,384
  • Mar 9, 2012 10:24am Mar 9, 2012 10:24am
Over 100 pips profit this morning
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  • #6,385
  • Mar 11, 2012 9:09am Mar 11, 2012 9:09am
I joined Forexfactory exclusive for this thread - . Dredding can be a prick sometimes, but I know its for the good of all newbies (including me).

Dredding I just gotta ask you, how long did it take you to master your trading & understand what you teach now? (If this question has been answered before, feel free to put me on the ignore list ,lol).
  • #6,386
  • Mar 14, 2012 2:47pm Mar 14, 2012 2:47pm
looks like its been a fairly easy trading day, plenty of trending pairs. Here's one I took today USD/JPY.

15M

Entry at green line.
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  • #6,387
  • Mar 22, 2012 3:45am Mar 22, 2012 3:45am
Hey ,

Where did everybody go....they are missing the party I plan to ride this baby for a month or so....( wish me luck!) .....Now you will start hearing bad things about europe...italy..spain..etc. Sometimes i think people use fundamentals to try and explain whats happening on a chart instead of the other way round.

-Dreddings system helps u get in on this all rules lined up.
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  • #6,388
  • Mar 22, 2012 3:55am Mar 22, 2012 3:55am
Quoting kevguy

-Dreddings system helps u get in on this all rules lined up.
No fail at pivot on 15m chart though
  • #6,389
  • Mar 22, 2012 4:11am Mar 22, 2012 4:11am
Quoting publicjud
No fail at pivot on 15m chart though

fail at MID pivot, stoch down, and mostly on H1 it was a 2 ball, which told me its the begining of downtrend.....refined entry from M5. (i take all trades from H1 cues and refine entry at m5) = killer trading.

-for me any fail of pivot especially around market opennings will do....

london open --opens below pivot also hints at the generlised trend thus lock in some pips and walk away from computer...have to study for exams
  • #6,390
  • Mar 22, 2012 4:18am Mar 22, 2012 4:18am
Quoting kevguy
fail at MID pivot, stoch down, and mostly on H1 it was a 2 ball, which told me its the begining of downtrend.....refined entry from M5. (i take all trades from H1 cues and refine entry at m5) = killer trading.

-for me any fail of pivot especially around market opennings will do....

london open --opens below pivot also hints at the generlised trend thus lock in some pips and walk away from computer...have to study for exams
Thanks for explaining
  • #6,391
  • Mar 22, 2012 1:16pm Mar 22, 2012 1:16pm
short EUR/USD
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  • #6,392
  • Mar 22, 2012 2:21pm Mar 22, 2012 2:21pm
Quoting neuron
short EUR/USD
What is your T/P?
  • #6,393
  • Mar 22, 2012 2:43pm Mar 22, 2012 2:43pm
Quoting publicjud
What is your T/P?
i'm thinking 1.315 but it may take awhile to get there, since liquidity is low at the moment

we'll see how it turns out, at the moment of entry the H1 was red indicating down but the new one is green

looking at the M15 i'm thinking it's making a LH
  • #6,394
  • Mar 22, 2012 2:54pm Mar 22, 2012 2:54pm
Quoting neuron
i'm thinking 1.315 but it may take awhile to get there, since liquidity is low at the moment

we'll see how it turns out, at the moment of entry the H1 was red indicating down but the new one is green

looking at the M15 i'm thinking it's making a LH
yea, I see. As soon as it fails at 3190 I was going to short.
  • #6,395
  • Mar 22, 2012 3:56pm Mar 22, 2012 3:56pm
ouch hit SL

think i'm gonna wait till sydney/tokyo overlap to get better idea of trend and have more liquidity available
  • #6,396
  • Mar 22, 2012 4:15pm Mar 22, 2012 4:15pm
Quoting neuron
ouch hit SL

think i'm gonna wait till sydney/tokyo overlap to get better idea of trend and have more liquidity available
US markets are closed....London markets are closed.....ADR was already reached...3 reasons to NOT TRADE EurUsd at the time of your entry...
  • #6,397
  • Mar 22, 2012 4:19pm Mar 22, 2012 4:19pm
Quoting Dredding82
US markets are closed....London markets are closed.....ADR was already reached...3 reasons to NOT TRADE EurUsd at that time...
I don't think I have my ADR settings correct... I can only see the lines when I go to H4 and higher TFs

this is what it currently looks like on my daily:
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  • #6,398
  • Mar 22, 2012 4:20pm Mar 22, 2012 4:20pm
Quoting neuron
I don't think I have my ADR settings correct... I can only see the lines when I go to H4 and higher TFs

this is what it currently looks like on my daily:

Newbie question lol.....check your settings for your indicator. And i am pretty sure that is from the template i made for the higher TF...use the right indicator for the right TF.
  • #6,399
  • Mar 22, 2012 4:29pm Mar 22, 2012 4:29pm
lol you're right, daily range should only be visible on higher tfs haha

i wasn't aware of different templates/indicators for different TFs


but what do you mean ADR was already reached?
  • #6,400
  • Mar 22, 2012 5:58pm Mar 22, 2012 5:58pm
Quoting neuron
but what do you mean ADR was already reached?
I believe what he means is that the average daily range was already met so expecting it to go past that range by a bunch is less likely.

As always anything I say can be way off base---but that is my understanding.
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