Price Action Trading with Indicators! The Freebie System | Page 323 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #6,441
  • May 3, 2012 2:27am May 3, 2012 2:27am
Hi Paulus,
Thanks for posting. Please could you tell me which 9 pairs you watch?
Many thanks
JPR
  • #6,442
  • May 3, 2012 2:33am May 3, 2012 2:33am
Quoting Jpr
Hi Paulus,
Thanks for posting. Please could you tell me which 9 pairs you watch?
Many thanks
JPR
Dont often trade on the starting line like this esp with a signal created pre my 8am start

But I have made good return this week so its worth the 55 risk I belive I have an edge

P
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  • #6,443
  • May 3, 2012 2:34am May 3, 2012 2:34am
Here are my swaps
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  • #6,444
  • May 3, 2012 2:39am May 3, 2012 2:39am
my risk on this trade is 5%
My potential reward is 12%

That gives me 2.4 RR which Im happy with the trade is more risky than I would normaly take as it uses Asian and European price action to give me a signal in the UK market

Better UK market price action to give me a signal in UK market time

I think its worth the risk with a potential 12 %gain on account
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  • #6,445
  • May 3, 2012 2:42am May 3, 2012 2:42am
Quoting Paulus
Here are my swaps
Many Thanks
  • #6,446
  • May 3, 2012 8:32am May 3, 2012 8:32am
Quoting Paulus
Hi

I see any divergence as a sign in the market of strength or weakness in price

Couple that will a break in a pivot level and we have enough edge to take the trade

We risk 5%
We have an edge
We place the SL a few pips above the last swing hi or lo
We do not move our stop
We have a defined TP

I see only 2 outcomes

I win
I lose

P
Thanks for sharing. I had one question. Do you normally put your TP at the next pivot?

Thanks again.
  • #6,447
  • May 3, 2012 12:56pm May 3, 2012 12:56pm
Quoting publicjud
Thanks for sharing. I had one question. Do you normally put your TP at the next pivot?

Thanks again.

Yes always it waht gives this system a very good risk return
  • #6,448
  • May 3, 2012 12:59pm May 3, 2012 12:59pm
Had a mixed day but successful

ost 5% on my 1st trade

2 other signals for me resulting in a plus 7% for the day
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  • #6,449
  • May 3, 2012 2:12pm May 3, 2012 2:12pm
Quoting Paulus
Yes always it waht gives this system a very good risk return
Hello Paulus;

What is the indicator that you use for the Pivot Points?

Thanks
  • #6,450
  • May 3, 2012 3:58pm May 3, 2012 3:58pm
Quoting chaveznqoos
Hello Paulus;

What is the indicator that you use for the Pivot Points?

Thanks
here u go
Attached File(s)
File Type: ex4 Pivot Points - Daily (Shifted).ex4   8 KB | 555 downloads
  • #6,451
  • May 4, 2012 3:02am May 4, 2012 3:02am
S entry plus H&S formation on H4 TF.
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  • #6,452
  • May 5, 2012 3:15am May 5, 2012 3:15am
Quoting mustangzs
I just want to remind everyone that is viewing this thread that it has slowed down a little bit because we've moved into the chat room. Don't want anyone to be discouraged and don't want newbies to think that this is just some other thread that has gone the way of the Dodo bird. Come join us in the chat room. Love to get more people involved.
Hi Mustangzs, how do i join the chat room?
I remember last time the chat was on "chatzy" but the page doesn't seems to load now.
thx
  • #6,453
  • May 5, 2012 7:51am May 5, 2012 7:51am
Quoting jlpk007
Hi Mustangzs, how do i join the chat room?
I remember last time the chat was on "chatzy" but the page doesn't seems to load now.
thx
On Post #1 is the link. I just tried the link and it took me right to the chat room.
  • #6,454
  • May 8, 2012 1:47am May 8, 2012 1:47am
Short entry.
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  • #6,455
  • May 8, 2012 5:13am May 8, 2012 5:13am
Quoting iwan73
Short entry.
Looks like you are starting to get the hang of trading and seems you would be making steady profits now.... Great going!
  • #6,456
  • May 8, 2012 5:57am May 8, 2012 5:57am
Quoting Dredding82
Looks like you are starting to get the hang of trading and seems you would be making steady profits now.... Great going!
Reading these words from a person like you is VERY IMPORTANT for me. Thank you.
Do you know what i am doing for last 4-5 weeks? I am reading this damn thread , reading once again and next rereading. I printed your screens to become more familiar with your entry setups. I printed more than 100 pages of interesting posts. And do you know what...? It is working.
When i trade glued to rules i win. If i want to be smarter than market and enter before 4 rules are met i lose money punished by market.
So keeping to 4 simple rules is worthy.

I would like to thank you for this system.
  • #6,457
  • May 8, 2012 8:53am May 8, 2012 8:53am
Quoting iwan73
Reading these words from a person like you is VERY IMPORTANT for me. Thank you.
Do you know what i am doing for last 4-5 weeks? I am reading this damn thread , reading once again and next rereading. I printed your screens to become more familiar with your entry setups. I printed more than 100 pages of interesting posts. And do you know what...? It is working.
When i trade glued to rules i win. If i want to be smarter than market and enter before 4 rules are met i lose money punished by market.
So keeping to 4 simple rules is worthy.

I would...
Thats great to hear. I know i am a dick almost always...but i am that way for a reason. Like you said there are 4 rules that you use to make you money...I wish everyone can see it is not that hard to follow your trading plan and stick with it.

I was almost sure you were going to be like many others that tried to trade these simple rules but yet got feed up within a week or two and move on to the next "system" they see on this forum. Im glad you took everyones advice and took the time to READ and RE READ this thread....
  • #6,458
  • May 9, 2012 2:17am May 9, 2012 2:17am
Short entry.
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  • #6,459
  • May 10, 2012 3:05am May 10, 2012 3:05am
Went short on the GU on the H1 timeframe.

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Damn The Torpedoes, Full Speed Ahead!
  • #6,460
  • May 11, 2012 11:15am May 11, 2012 11:15am
TO Dredding.

Many thanks for a tremendously potential chart system. I'm using it together with an M5 HMA indicator on paper for so far, extraordinary profit potential. I plan on live trades next week. I don't have time to read every post (over 1000) but one quick question if you don't mind too much. What's the deal with the skull and crossbones icon? (Pip Pirate purhaps?). Again, many thanks!
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