Price Action Trading with Indicators! The Freebie System | Page 328 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #6,541
  • Edited Dec 1, 2012 9:10am Nov 30, 2012 11:57pm | Edited Dec 1, 2012 9:10am
Quoting Dredding82
"It can be used on ANY TF......ANY Session......ANY PAIR or STOCK!!....that is up to you and what you like to trade! The higher the TF the more pips....just as any other system! I use it on the M15 for Day Trading myself and i also use it on the H1-D1 for longer TERM TRADES! You Will Have Losing Trades....Nothng is 100%"
http://i.imgur.com/OvcBG.jpg

K, can I ask you then if I got this right on this pair...This is a -to short- setup, if the next candle closes red..But, knowing how PA works, it's a double sure to sell if this candle closes as a pinbar now and then you would short it to that first fibo support (257 pips) if every candle after the pinbar closes in red, if not then just to the next support....What do you think??? txxxxxx
  • #6,542
  • Dec 1, 2012 9:18am Dec 1, 2012 9:18am
I'm sorry for the broken pic link, but my comments go for moderator approval first and then I can see them..I edited it now though.
If this candle had closed as a bearish pinbar, would you have shorted this pair?
  • #6,543
  • Dec 1, 2012 1:13pm Dec 1, 2012 1:13pm
Quoting backinblackl
http://i.imgur.com/OvcBG.jpg

K, can I ask you then if I got this right on this pair...This is a -to short- setup, if the next candle closes red..But, knowing how PA works, it's a double sure to sell if this candle closes as a pinbar now and then you would short it to that first fibo support (257 pips) if every candle after the pinbar closes in red, if not then just to the next support....What do you think??? txxxxxx
This thread is not a signal service .........if you think the trade is vaild ...TAKE THE TRADE....

READ THE THREAD....that would be the best start....
  • #6,544
  • Dec 1, 2012 2:26pm Dec 1, 2012 2:26pm
Quoting Dredding82
This thread is not a signal service .........if you think the trade is vaild ...TAKE THE TRADE....

READ THE THREAD....that would be the best start....
Trade should not be taken, candle is closed and not as a pinbar or an engulfing bar. It's a hypothetical scenario where PA might be confirmed with this "system", . Too bad you're not willing to play along . Later, bro
  • #6,545
  • Dec 7, 2012 2:31am Dec 7, 2012 2:31am
Quoting backinblackl
Trade should not be taken, candle is closed and not as a pinbar or an engulfing bar. It's a hypothetical scenario where PA might be confirmed with this "system", . Too bad you're not willing to play along . Later, bro
Play along....wtf are you 5?

Read the thread and trade it or not.......its that SIMPLE....and there is more then just pinbars or engulfing candles to PRICE ACTION....http://www.candlesticker.com/Default.asp
  • #6,546
  • Dec 22, 2012 10:43pm Dec 22, 2012 10:43pm
Happy Holidays Dredding82 and rest of the Freebie System gang!!!!!
  • #6,547
  • Dec 27, 2012 9:32pm Dec 27, 2012 9:32pm
I must say....I'm digging the new website layout/theme/font..etc..etc.

Very Classy
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  • #6,548
  • Jan 3, 2013 5:52pm Jan 3, 2013 5:52pm
I just want to say that I have been around the block when it comes to the forums and I have to say the information here is incredible. Anyone who says this cant work hasnt tried it out and has not looked at the other worthless systems on here! This system promises to work great if you obey the rules and apply proper money management. I started trading it 2 days ago and I'm up 8% on my account only risking 1-2% for most trades. Some more, some less. I will also say I tend to close out trades once they give me 1:1 There have been MANY instances (in fact almost every trade) that has gone to double the reward to risk and some as much as 10 times reward to risk and still dropping!!! This system is truly epic. I may post some statements in the future to prove what Im saying as well. Something i want to say is I take the with the trend trades primarily and find that trades seem to work out best if the candle that closes red or green to confirm is a somewhat strong one. I dont mean 100 pips either...you want to keep your risk to a minimum. What I mean is it is stronger than recent candles and is therefore telling us momentum could be changing. Ive been at this a long time and Dredding thanks for sharing because this is a beautiful system that anyone can make money on if they practice it....a first for the forums it seems LOL Another note: I trade 15 minutes but watch the 30 and 60m because if they begin to go my way on those time frames and confirm you could very well have a BIG winner.....I just hate letting money sit on the table thats why I close them out once i hit my 1:1; perhaps Ill change that someday...for now 4% a day is good LOL
  • #6,549
  • Jan 3, 2013 5:58pm Jan 3, 2013 5:58pm
and while im on my soapbox...why change this system??? I see people trying to add indicators. IT WORKS GREAT as it is IF you follow his rules on page 1!!!! Think about it...you get in WITH THE TREND...the odds are already in your favor and with all the confirmations he has given you should not be losing very often!
  • #6,550
  • Jan 4, 2013 8:16am Jan 4, 2013 8:16am
Quoting doriotcapita
I just want to say that I have been around the block when it comes to the forums and I have to say the information here is incredible. Anyone who says this cant work hasnt tried it out and has not looked at the other worthless systems on here! This system promises to work great if you obey the rules and apply proper money management. I started trading it 2 days ago and I'm up 8% on my account only risking 1-2% for most trades. Some more, some less. I will also say I tend to close out trades once they give me 1:1 There have been MANY instances...
You only have been using it two days. LMAO, any system can win for two days. Especially the last two days. LOL
  • #6,551
  • Jan 10, 2013 2:02am Jan 10, 2013 2:02am
Maybe this will rejuvenate the thread for those who like to sit and watch and not talk in the chatroom

Heres a recent trade I took:

Enter:87.475
SL= original 86.80 (67 pips) moved to BE now
TP= 1:4 ration 90.15 267pips (of course I will re-evaluate as the charts dictate)

BUY

1) Failed At Pivot
2) ZZ Semafor On BOTTOM(Within A Few Candles 1-4)
3) Stoch Crossed UP
4) HA Candle Closed GREEN
SL= Last Low(ZZ Semafor Dot)
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  • #6,552
  • Feb 1, 2013 4:14pm Feb 1, 2013 4:14pm
I'll keep adding to the thread. Here's a trade I'm in currently. To all newbies still jumping from forum to forum. Take the time to read this one carefully. One of the greatest things about this thread is that it never has changed. The rules are the same since day one. No indicators have been removed, added, substituted, etc..etc. The only debate in the thread seems to come from the use of YOUR OWN TREND INDICATOR. The thread is filled with many but Dred's first post explains it all. Read the thread and practice.
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  • #6,553
  • Feb 7, 2013 9:26pm Feb 7, 2013 9:26pm
Nice trade Mustangz, here is my EU entry from the 5th. i bagged 28 pips. 2:1 RR. thanks Dredd
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  • #6,554
  • Feb 14, 2013 4:17am Feb 14, 2013 4:17am
GO swissy GO!
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  • #6,555
  • Mar 5, 2013 3:00pm Mar 5, 2013 3:00pm
Long GU 1Hr:

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The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #6,556
  • Mar 6, 2013 1:13am Mar 6, 2013 1:13am
Quoting jimmynoodles
Long GU 1Hr:

Attachment
Stop moved to BE at 1:1 - Risk free trade.

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The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #6,557
  • Mar 6, 2013 2:11am Mar 6, 2013 2:11am
Quoting jimmynoodles
Stop moved to BE at 1:1 - Risk free trade.

Attachment
oh well - stopped on that one - looks like some more downside for GU.
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #6,558
  • Mar 6, 2013 9:11am Mar 6, 2013 9:11am
Zoom out a bit on your charts. You would have seen GbpUsd is in a clear down trend.

Here is my GbpUsd H4 short that i took yesterday around the time you went long. Well a few hours before.
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  • #6,559
  • Mar 6, 2013 9:14am Mar 6, 2013 9:14am
H1 EurUsd Short...SL moved to BE and reduced risk and locked in profit by closing a % of my lots to insure profit is made even if original SL was hit.
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  • #6,560
  • Mar 7, 2013 9:00am Mar 7, 2013 9:00am
Quoting Dredding82
Zoom out a bit on your charts. You would have seen GbpUsd is in a clear down trend.

Here is my GbpUsd H4 short that i took yesterday around the time you went long. Well a few hours before.
Thanks for your help much appreciated!
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
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