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Price Action with Indicators! ~The Freebie Newbie BOLOSO System~

  • #221
  • Apr 17, 2013 3:01am Apr 17, 2013 3:01am
Still going good for me.
It's all you need.
Remember I started with $9 in my account? No I didn't deposit $9.
I deposited $250 but lost it all but $9. Anyway I now have $67 using nothing but this system.
Love it. Trade EUR/USR, USD/JPY and USD/GBP on 15 min charts. check the trend by clicking
it up to larger timeframes to see which direction it's going and only trade the ones that are
clearly trending and only trade in that direction. I try to resist the "need" to trade. If there
are no clear trends or if the charts are messy with lines and dots just going across the screen
without an obvious setup I just turn my MT4 off and wait another day. I only take about 12 to
25 pips each trade unless it looks like it's going somewhere. My exits are a bit dumb but I'm
happy to be making pips every week.
  • #222
  • Jun 27, 2013 4:10am Jun 27, 2013 4:10am
Hi. Me again.
This is my favorite way to trade. I am always trying other systems but this one gives me consistent gain.
I have found a way to make it almost 100% and that takes only five minutes or so per day.
I am only trading EURUSD, USDJPY and GBPUSD.
I only trade the 1Hour charts.
I place a pending buy trade at the last high dot and a pending sell trade at the last low dot.
I make my take profit exactly ten pips.
I win and win and win and win and win and win and win and win.
Yes, I know. . . . . ten pips is not much each time when the market sometimes moves many times that
but my win rate is so high I can trade more lots.
Trading micro lots, .01 x ten wins me $1.
Trading mini lots, (not there yet) .1 x ten will win me $10
Trading lots, (next year sometime) 1 x ten will win me $100
I'm happy winning ten pips consistently - usually two times per day.
  • #223
  • Jun 27, 2013 7:12pm Jun 27, 2013 7:12pm
Hi Lyall,

Can you please share the screenshots of your 10 pips setup? Are these high and low dots are yellow ones?

Thanks.
  • #224
  • Jun 29, 2013 7:11am Jun 29, 2013 7:11am
Quoting hoperich
Hi Lyall, Can you please share the screenshots of your 10 pips setup? Are these high and low dots are yellow ones? Thanks.
yes, that would be nice.

could you pls explain, if you trade every dot, or only special ones.

Thx and regards,
FL
  • #225
  • Jun 30, 2013 4:20am Jun 30, 2013 4:20am
I placed a pending trade on every dot in this screenshot. some are red and some are green and the last one is yellow but I won't be placing an order on that one till I get another red dot above it.
I placed pending buy stop trades on each red dot as they came along but none of them triggered.
I placed a pending sell trade on each green dot as it came along. Every one of them won me ten pips each.
The the low of the first candle with a green dot was 1.53966 I placed my pending sell stop trade at 1.53960 with a take profit of 1.53860
and a stop loss at the last dot above it, the yellow one. That was 1.54764.
Did the same on each green dot. Just put your mouse over the candle the dot is on and get the high or low and place the trade exactly
on it on round it out like I do. I have been placing stop losses above or below the previous opposite dot but are starting to just place
it 40 pips away. You can see one of my un-triggered pending buy orders still sitting there. I can't move it or delete it at the moment because
it's the weekend and the market is closed. I will move it down to the next red dot.
I don't know if I'm explaining it clear enough so ask any questions.
Attached Image (click to enlarge)
Click to Enlarge Name: GPYJBP.jpg Size: 92 KB
  • #226
  • Jun 30, 2013 4:22am Jun 30, 2013 4:22am
Quoting Forex Lion
{quote} yes, that would be nice. could you pls explain, if you trade every dot, or only special ones. Thx and regards, FL

I place a pending order on every dot but not every dot triggers a trade.
  • #227
  • Jun 30, 2013 10:46am Jun 30, 2013 10:46am
Thanks for the explanation and screenshot. it does help a lot.
  • #228
  • Jun 30, 2013 10:53am Jun 30, 2013 10:53am
Many thanks for the explanation, ...I understand...
  • #229
  • Jun 30, 2013 2:18pm Jun 30, 2013 2:18pm
thx for the screenshot....green pips be with ya...
  • #230
  • Jun 30, 2013 4:31pm Jun 30, 2013 4:31pm
Used to try for more pips, don't we all, and made money but sometimes the loss trades would take a weeks worth of winnings. And I would be nervously watching the charts. Now I just place my pending orders and turn it off. In the morning I wake up to a gain in my balance almost every day. Am using 40 pips for stop loss but 30 might be safe I think. Then when you ever strike a loss it's only taking three wins. I promise you you will get maybe dozens of wins before you get a loss. It's almost the holy grail.
Attached Image (click to enlarge)
Click to Enlarge Name: Publication1.jpg Size: 269 KB
  • #231
  • Jul 1, 2013 2:17am Jul 1, 2013 2:17am
Quoting Lyall
Used to try for more pips, don't we all, and made money but sometimes the loss trades would take a weeks worth of winnings. And I would be nervously watching the charts. Now I just place my pending orders and turn it off. In the morning I wake up to a gain in my balance almost every day. Am using 40 pips for stop loss but 30 might be safe I think. Then when you ever strike a loss it's only taking three wins. I promise you you will get maybe dozens of wins before you get a loss. It's almost the holy grail. {image}
Hi Lyall,

do you use the ZZ Semafor indicator from post #1?
  • #232
  • Jul 2, 2013 4:05am Jul 2, 2013 4:05am
Quoting Forex Lion
{quote} Hi Lyall, do you use the ZZ Semafor indicator from post #1?

yes.
Typical eh.
Just about the day I post that I hardly get any losing trades, I get a losing trade.
EURUSD went down about 9 pips then up to my stop loss.
Oh well. It does happen.
  • #233
  • Jul 2, 2013 7:02am Jul 2, 2013 7:02am
Hi Lyall, can you give your template and indicators?
  • #234
  • Jul 2, 2013 9:16pm Jul 2, 2013 9:16pm
Quoting krendel38
Hi Lyall, can you give your template and indicators?

They are at the end of post #1 in this thread.
That's all I use.
Three wins yesterday. EURUSD, GBPUSD and USDJPY.
Took three trades and won three trades.
  • #235
  • Jul 3, 2013 1:42am Jul 3, 2013 1:42am
And what kind of indicator on your screenshots? Draws a red and blue stripes.
  • #236
  • Jul 3, 2013 5:09pm Jul 3, 2013 5:09pm
It's called Trendbricks.
I don't even look at that anymore.
In fact I have removed it from my charts.
Can send it to you if you want it.
Three more wins last night. No losses.
Have added three more currency pairs.
Got interrupted when placing the trade order on EURGBP and failed to put stop loss and take profit in
and woke up to a real nice balance and the trade is still open. Have moved my stop loss to 20 pips
profit and will let it run.
  • #237
  • Jul 3, 2013 5:21pm Jul 3, 2013 5:21pm
If not difficult to share this indicator, please
  • #238
  • Edited 4:11am Jul 4, 2013 3:43am | Edited 4:11am
Quoting Lyall
Used to try for more pips, don't we all, and made money but sometimes the loss trades would take a weeks worth of winnings. And I would be nervously watching the charts. Now I just place my pending orders and turn it off. In the morning I wake up to a gain in my balance almost every day. Am using 40 pips for stop loss but 30 might be safe I think. Then when you ever strike a loss it's only taking three wins. I promise you you will get maybe dozens of wins before you get a loss. It's almost the holy grail. {image}
Hi,
You are placing sellstop at green dots and buystop at red dots whenever they appear. But the post 1 says only one side based on Yellow BIG dot. Is it OK ?
Pl. tell me what is your Time frame . TP and SL.
Can you send your Indicators and Template.?
Regards
  • #239
  • Jul 4, 2013 5:00am Jul 4, 2013 5:00am
Quoting krendel38
If not difficult to share this indicator, please
Attached ex4 file
Attached File(s)
File Type: ex4 TrendBricks.ex4   3 KB | 852 downloads
  • #240
  • Jul 4, 2013 5:03am Jul 4, 2013 5:03am
Quoting siddeshsd
{quote} Hi, You are placing sellstop at green dots and buystop at red dots whenever they appear. But the post 1 says only one side based on Yellow BIG dot. Is it OK ? Pl. tell me what is your Time frame . TP and SL. Can you send your Indicators and Template.? Regards

I use just the indicator as downloaded from post #1 of this thread.
I trade one hour charts only.
I don't care what the color of the dots I just place pending orders and which ever ones trigger almost always win.
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