Price Action with Indicators! ~The Freebie Newbie BOLOSO System~ | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

Freebie 1 min trading method 1,227 replies

Newbie asking a newbie interest rate question: 1 reply

Help adding a filter to the Freebie Indicator 3 replies

evaluate a newbie's system 3 replies

Attachments: Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
Exit Attachments

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

  • #281
  • Jul 23, 2013 7:41pm Jul 23, 2013 7:41pm
I don't think I was asking or talking to anyone. I just want to know if someone has better system and they want to share with new traders. By the way, this system is not mine, if you care to ready the first page of this thread. I am happy that someone is doing well.

Good Luck to All.
  • #282
  • Jul 23, 2013 7:55pm Jul 23, 2013 7:55pm
Quoting hoperich
I don't think I was asking or talking to anyone. I just want to know if someone has better system and they want to share with new traders. By the way, this system is not mine, if you care to ready the first page of this thread. I am happy that someone is doing well. Good Luck to All.
You say you had 17 winners in a row, and your account is up 40% in one week, and you're looking for a better system??
  • #283
  • Jul 23, 2013 8:39pm Jul 23, 2013 8:39pm
assholes and fools abound lol
  • #284
  • Jul 23, 2013 9:31pm Jul 23, 2013 9:31pm
Quoting IamTHAT
Thanks for reviving this thread Lyall. I have made another observation. Breakout from the high or low of the bar on which dot has formed (after closure of the bar) also yields healthy pips. Bar should not be too big.This a mere visual observation so far but I will trading this Live soon.
what is consider too large bar that has made dot? i just make compare to more bars in same area or on all are i can see and not scrol left? good help and thank you
  • #285
  • Jul 24, 2013 4:27am Jul 24, 2013 4:27am
Thanks for your post DKrock.
Reading it carefully.
  • #286
  • Jul 24, 2013 7:35am Jul 24, 2013 7:35am
yes, thank you DKrock!
Very helpful post
  • #287
  • Edited 8:22am Jul 26, 2013 1:55am | Edited 8:22am
Quoting Lyall
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...
It seems to be the old "peak and valley" system. Breakout one.

No problem until the market ranges exactly at 1H Timeframe. It WILL arrive! you might look for an indicator that will say you "warning, we are oscillating at 1H timeframe". Perhaps a moving average with 30 minutes period : when flat, warning, the major frequency in the price is 30 minutes (makes top and bottom at same level : peak and valley of a sinus): i want to say you sould try to add a little filter that can saves you from big disaster.

DKrock ... Thanks for sharing that. Whish i could make a tenth of what you can do.

May i ask you a question : to you trade via a broker or directly via the FIX protocol ?

Thanks.
Enter Signature
  • #288
  • Jul 26, 2013 8:05pm Jul 26, 2013 8:05pm
My week.
20 Trades opened.
14 wins, 6 losses.
Gained 210 pips, lost 180 so only 30 pips net gain.
You can't avoid losses but Dreddings first post in this thread has some
very important advise we would do well to follow.
Trade with the trend
and
Don't be greedy
I'm not trading Dreddings system as outlined in post#1 but I and you too would have
done better this week by trading only with the trend.
EURGBP had no well established direction so it might have been better to stay out this week.
However I had two wins and two losses.
EURUSD clearly was trending up. Just zoom your 1 Hour chart out and you can see it.
Move to a higher time frame and you can see it, especially the daily. My trades reflected this.
With the trend, buy orders all won. Against the trend, sell orders all lost.
USDJPY and AUDUSD and EURGBP didn't have so easy to see trends. I had only wins on USDJPY and AUDUSD.
GBPUSD also had a clear up trend but I still had two losses and two winners so will have to figure out
a better way to filter my trades.
If I had traded only with the trend as well as taken the messy ones i would have had 13 wins and 4 losses
this week giving me a net gain of 75 pips. That would have been better.
Quite keen on going back to trading as Dredding outlined in post#1. Will let you know.
  • #289
  • Jul 31, 2013 2:48am Jul 31, 2013 2:48am
Hi Dredding82,

Thanks a lot for sharing, i really like this system .
I use the MTF Heiken Ashi for identify trend. Very good tool.
To be honest , this is for me one of the best system here.
I like the most ,the one with Freebie candles.
I use TF H1 and now looking for 4h (New York close)

Thank you genius!!
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #290
  • Aug 1, 2013 11:18am Aug 1, 2013 11:18am
My buy entry on the 5 minute chart produced 50 pips so far.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpg Size: 178 KB
  • #291
  • Aug 1, 2013 8:14pm Aug 1, 2013 8:14pm
Quoting Checkz
My buy entry on the 5 minute chart produced 50 pips so far. {image}
these buys all are very good for the usdcad
  • #292
  • Aug 1, 2013 8:18pm Aug 1, 2013 8:18pm
I just took the first one I saw and went to bed. lol
  • #293
  • Aug 2, 2013 12:42pm Aug 2, 2013 12:42pm
Quoting sheppy
assholes and fools abound lol
Enter Signature
  • #294
  • Edited 4:33pm Aug 4, 2013 3:46pm | Edited 4:33pm
Quoting dkrock
{quote} . I found that after my account balance reached $300,000 or so I could not effectively make that much each day because I had to limit my trade size for liquidity purposes. So now I have to limit the trade size to 20 lots so I can have the same entry and exit price on all lots. I settle for about $200,000 - $250,000 a day on each currency I trade.

In bold first: So you are trading your entire account balance each day? Think about what you just wrote.

I don't want to argue in this guys thread here but Dcrock you are all over the place bud.

One post on another thread you said you are making 160 pips/day but here you are saying you are making $200,00 - $250,000/day?

Trading 20 lot positions?? 160 pips/day on 20 lots GENERALLY ON MOST ACCOUNTS = $32,000 and multiply that by about 5 to 8 pairs you have your apparent daily profit....WITHOUT ANY LOSSES??? So you consecutively win on 5 to 8 pairs 160 pips/day?

But you come to Forex factory and spew rubbish....Why aren't you on your yacht in the Caribbean? Oh and you also live in the US. Where MOST FX traders of this calibre do NOT live....

Also if you are making the kind of money you say you are why are you still trading 20 lots per position and also blabbing on Forexfactory??

Anyone with $1,000,000 (weekly according to you) in their account should SAFELY trade with much much more than 20 lots with limited risk exposure and MINIMAL time in any one trade.

I would be interested to know which broker you use, and exactly what you trade...Why don't you post your trade explorer here?

And by the way I love your little intro/CV on your profile. Phi Kappa who and cum summa what?

If you were truly earning this kind of money on Forex, I would know who you are as that is one of my full time jobs as a consultant. So would many others in this business. With this kind of an account that you say you have you would have handlers and people who would advise you AGAINST publishing the shit you have written here on a public forum.

You gave good advice for this system here, but leave your personal bragging out of it bud or take it to another forum where someone might actually care.
  • #295
  • Aug 4, 2013 4:12pm Aug 4, 2013 4:12pm
Thank you very much Effex. I am new in trading world and seems like this guy deserve a reply like this from someone who knows FOREX trading. Too me it looks like this guy is trading only micro accounts and have plenty of time in hands to explain his wealth in numbers on public Forum. I think this stuff is personal unless you have been drinking from last few days without proper nutrition.
  • #296
  • Aug 4, 2013 4:36pm Aug 4, 2013 4:36pm
Keep this thread about trading and not about arguments or i will put a voucher lock on it like i had to do my other thread.
  • #297
  • Aug 4, 2013 4:43pm Aug 4, 2013 4:43pm
Quoting Dredding82
Keep this thread about trading and not about arguments or i will put a voucher lock on it like i had to do my other thread.

Apologies Dredd. I have been reading your thread intensively the past few days along with another one here and it just seems the same guys pop up on each good thread to either do harm or brag.

Keep up the good work and please dont lock others out of here because I felt this guy needed to reign in his attitude.
  • #298
  • Aug 4, 2013 4:43pm Aug 4, 2013 4:43pm
Quoting Lyall
My week. 20 Trades opened. 14 wins, 6 losses. Gained 210 pips, lost 180 so only 30 pips net gain. You can't avoid losses but Dreddings first post in this thread has some very important advise we would do well to follow. Trade with the trend and Don't be greedy I'm not trading Dreddings system as outlined in post#1 but I and you too would have done better this week by trading only with the trend. EURGBP had no well established direction so it might have been better to stay out this week. However I had two wins and two losses. EURUSD clearly was trending...
Great to see your still doing wonderful, you need to work on your MM a bit. I know you like to take what you can and everything but winning 14 : losing 6 and only making 30 pips net gain? You had almost 3 times as many winners as losers, so that show your not even getting close to a 1:1 or alont the lines of 1 : 0.42. If your comfortable with always getting less then your risk then go for it, but remember it will be alot harder to come back for a string of losers. Use a demo account to practice your MM to find a way to at least get a 1:1 or closer to it and you can trade less and make the same profit.
  • #299
  • Edited 5:15pm Aug 4, 2013 4:54pm | Edited 5:15pm
Quoting Effex
{quote} Apologies Dredd. I have been reading your thread intensively the past few days along with another one here and it just seems the same guys pop up on each good thread to either do harm or brag. Keep up the good work and please dont lock others out of here because I felt this guy needed to reign in his attitude.

No worries, I just want to try and keep this thread clean unlike the Freebie Newbie one. When a thread becomes over taken with newbies asking questions over and over or full of off topic discussions, which should take place in PM, the learning of others is hampered.

I have been really busy the last couple of months, with the success i have had in trading, after spending years teaching myself to trade and become profitable, with use of proper MM, and learning what the various indicators are, do, and how they can be used, has enabled my decision to finally attended college and earn a Master's degree in Fiance, even though i did not need one to achieve my success in the markets. I figured it would be a good experience, while enforcing the credibility of my words, and also further my understanding of economics.

Attending college full-time, managing my accounts, and tending to the norms of life is why i have not been around posting much. I still hardly receive emails when posts are made on my threads, but I try to check on them and the Skype group, or at least peek in, at least once a week if not more.
  • #300
  • Aug 4, 2013 5:14pm Aug 4, 2013 5:14pm
Quoting Dredding82
{quote} I came to the decision to finally attended college and earn a Master's degree in Finance to give myself more credibility and further my understanding of economics.
You have my full respect. The decision to do a masters or go back to school later in life is always a difficult one! I wish I could have done the same and perhaps will one day like you have.

I wish you the best in your efforts
1 trader viewing now