Price Action with Indicators! ~The Freebie Newbie BOLOSO System~ | Page 23 | Forex Factory

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

  • #441
  • Sep 26, 2013 1:12am Sep 26, 2013 1:12am
Hi folks,
Just crossed by this thread, and found with little dose of curiosity, how cleverly with few indicators this system can teach people price action if only one need to get a bit deeper into it. The Idea was developed by member named Jarroo several years ago and published by member Chanya in nice document "Price Braeks Through" and this is exactly the same principals. Jarroo system is based on D1 TF, but can be applied on any TF. Practising the Frebbie Newbie system shortly allows to use it as pure PA with no indicators at all.... I like it
JacekPreserve Precious Capital
  • #442
  • Sep 26, 2013 4:03am Sep 26, 2013 4:03am
Hi people,

how are you?

i try to explain something about trend. Like every time , i studied market and bla bla bla, and bla bla..

but we don't need no education , now we are breaking the wall. (http://www.youtube.com/watch?v=0ISBnBkivjk)

Well , we try to understand the importance of some critical points on charts :

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it seems that eur/usd every time it comes across the 1.2700 , it crashes and goes away drawing a wall ,the blue horizontal line.

usually after that crash price start to trend. Looking at the yellow circle on weekly pic , an example on H1 :

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as you can see by your-self i'm applyng the concept of russian doll , i google elementar information on higher TF

and i use it on lower TF with the help of 200ema and 365 ema.

i don't think is difficult draw one line on weekly and put two moving averages on H1 unless you are a monkey (like me UH UH UH)

is it better check elso the daily chart and draw ONE line ..... ONE WALL

(wall st is in new york , close the statue of bull) (http://www.formiche.net/wp-content/uploads/2012/12/NYSE-Wall-Street.jpg).

what usually happens after the batter hit the ball? Ball goes away

and moving average open or pointing or something great is break ( like when ball go outside the stadium )

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may be that this game works drawing line on daily and 4 H trading the 15 - 5 M ( 15 and 5 M , not 15 - 5 = M )

I'm not a multi milionaire guru , so check out by your self my words , is up to you how you master your money or make your money your master.

And really i'm like a monkey and l'll never will be able to make an algorithm and i never understand what it is ,

however i think is something cross the one line on higher TF on two moving averages on lower TF

luckily i'm able to draw one line and set two mov ave

about indy on chart , in my opinion the freebie fixed MFT filters one TF too much , and the old MTF is sufficient.

"" i'm breaking charts in the hot sun , i found the trend and i won ! "" (http://www.youtube.com/watch?v=W9wwsxiLGbg#start=0:00;end=2:36;autoreplay=true;showoptions=false)

i do some other posts with some clear examples

have a nice day !
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #443
  • Sep 26, 2013 5:20am Sep 26, 2013 5:20am
simple pic

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you can try to change the moving average in example with 150 ema and 300 ema ,

they are easy tools for understand how market works .
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #444
  • Sep 26, 2013 6:26am Sep 26, 2013 6:26am
A great down trend

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and when there is nothing on the table

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"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #445
  • Sep 26, 2013 6:45pm Sep 26, 2013 6:45pm
Quoting Luigi Candle
{quote} Hi, i use an integration of more system. I like very much the freebie candels with entry on failid pivot and the concept of boloso , i use to master it on the consolidation of price like in post 431 the long blue tight dox is a boloso level entry there are more red point over the same level price The best way in my opinion for filter trend is using the dear old moving average , 200sma and 365 ema on h1 and on 15 15 30 M when moving average are open and pointing in the same way i only work in their direction . About entry on boloso as in...
Luigi, I thought I understood this system, but not. I wasn't read everything and I thought the zz dot was the signal to enter (this zz dot). Now, I'm complete lost, I don't understand, sorry.

I'm feeling stupid right now because it appear to be very simple, but not for me!

At the the main post the rules are pretty clear, but what I can't undersand is why it appear opossite to me, let me explain:

Quote
SELL Limit Order
Trade With The Trend
1) ZZ Semafor On TOP
2) ZigZag on TOP
3) Place Sell order at last [b][highlight=#f4f6f9][color=#000000][font=Verdana]LOW...


1) ZZ Semafor on top means a specific color zemafor or may any color/level?
2) ZigZag on top, it is when the line is trace to the zz dot?
3) This is the hard part to me. Place sell order means a "pending order" at previous zz dot and zigzag?. So this is the part that may be
confusing for newbies, because when one see the chart one can think that the best is to place an order near "this" zz dot, but it is not how
this system work, right?

Also, this system appear to be for well defined trends right?

Thanks and sorry if this appear so basic.
  • #446
  • Sep 27, 2013 1:43am Sep 27, 2013 1:43am
Quoting likedario
{quote} Luigi, I thought I understood this system, but not. I wasn't read everything and I thought the zz dot was the signal to enter (this zz dot). Now, I'm complete lost, I don't understand, sorry. I'm feeling stupid right now because it appear to be very simple, but not for me! At the the main post the rules are pretty clear, but what I can't undersand is why it appear opossite to me, let me explain: {quote} 1) ZZ Semafor on top means a specific color zemafor or may any color/level? 2) ZigZag on top, it is when the line is trace to the zz dot?...

Hi likedario!

Yes, all the answer are in your last question, "" this system appear to be for well defined trend ""

sorry but i don't undertand how you want to stay in market,

market is something like hell, and you want to trade in strange condition or with not clear signals?

for the problem of repaint , yellow dot is always time moving, but when you see yellow and the two other colours

means that the yellow point is right . In a few weeks usually people understand how to use the yellow dot, it is not difficult.

By the way, the first rule is trade the trend in its direction , if buy , buy , if sell , sell.

So , if you don't understand trend you never be able to play this system.

for me a good help was take pics of all entry points and mark all the things i see on charts .

have a nice day.
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #447
  • Sep 27, 2013 12:06pm Sep 27, 2013 12:06pm
Quoting Luigi Candle
{quote} Hi likedario! Yes, all the answer are in your last question, "" this system appear to be for well defined trend "" sorry but i don't undertand how you want to stay in market, market is something like hell, and you want to trade in strange condition or with not clear signals? for the problem of repaint , yellow dot is always time moving, but when you see yellow and the two other colours means that the yellow point is right . In a few weeks usually people understand how to use the yellow dot, it is not difficult. By the way, the first...
Luigi, thanks again about your answer.

Yes, my assumption about the trend was too obvious and I now understand that the most secure way is go with the trend, no doubts about that.

Now, about the indicators. I understand a bit more now and I also read about the previous system, that appear to be more easy to understand because in that system, the order should be place after the zz dot and a candle close (in red or green depedent on sell or buy), also stochastic, etc. But in this new system the entry appear to be in the last ZZ dot, not near the current, or I'm missing something?

And about this part "when you see yellow and the two other colours means that the yellow point is right", can you give me an example?

Thanks again mate, thanks for sharing what you know.
  • #448
  • Edited 2:58pm Sep 27, 2013 2:41pm | Edited 2:58pm
Quoting likedario
{quote} Luigi, thanks again about your answer. Yes, my assumption about the trend was too obvious and I now understand that the most secure way is go with the trend, no doubts about that. Now, about the indicators. I understand a bit more now and I also read about the previous system, that appear to be more easy to understand because in that system, the order should be place after the zz dot and a candle close (in red or green depedent on sell or buy), also stochastic, etc. But in this new system the entry appear to be in the last ZZ dot, not near...

Hi Man ,sorry but i don't have an answer to your question.

however i try to show some little reasonings .

Well , if we look at the basic entry set up we see yellow , green , red pending sell at green and yellow , red , green pending buy at red .

so we always have three points. right now something like one , two , three ... and the pending is always on two

Attached Image (click to enlarge)
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The pending order is placed after you see the point N°3

now for filter trend an easy way is use the russian doll with 1,2,3

check the higher TF i.e. the daily chart for H1 or the 4 H for 15 M

if there is 1,2,3 buy on daily only buy on h1 also on 4 H for use the 15 M

also i.e. for take trade on h1 price must be over point 2 in daily that is the confirmation , not first .

and i prefer to use the New York candle close like advised in FF


however , is possible take great trade chance on H1 filtering by H4 drawing one wall line

and elso my opinion and i will never be tired of say it , why trade only one pair like eur/usd if in the last 20 week it was in range

and a magic yellow land run up on chart for about 30 week ?

and finally , since now i am ashamed for my bad bad bad english,

i've decided i'm going to england . (http://www.youtube.com/watch?v=Up4WjdabA2c)

and i hope to meet the streets in london where Sid Vicious played

Have a nice weekend and always all the wind in our sails !

hard to helm
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #449
  • Sep 27, 2013 3:39pm Sep 27, 2013 3:39pm
Quoting Luigi Candle
{quote} Hi Man ,sorry but i don't have an answer to your question. however i try to show some little reasonings . Well , if we look at the basic entry set up we see yellow , green , red pending sell at green and yellow , red , green pending buy at red . so we always have three points. right now something like one , two , three ... and the pending is always on two {image} The pending order is placed after you see the point N°3 now for filter trend an easy way is use the russian doll with 1,2,3 check the higher TF i.e. the daily chart for...
Very clear Luigi. What is interesting is why the creator didn't mentioned the 1,2,3. I really appreciate your explanation, I know understand the rules at least and it is a great starting point for me in a re-test of this strategy. Today I tried in eurusd the old system and work for +17 pips (waiting for candle close after zz dot) but may be lucky

Some questions more, if you want to answer, if not, it is logical .

1- About the 1,2,3 starting from yellow, there are exceptions of this rule?, I mean some other combinations, and there is a good explanation of why "yellow" (I think it is the highest level in zz) is the started point?

2- About this "also i.e. for take trade on h1 price must be over point 2 in daily that is the confirmation , not first .", it also apply if I'm trading in m15, I should see that in h4 prices must be over point 2?

3- About this "however , is possible take great trade chance on H1 filtering by H4 drawing one wall line". Also, I remember some post from you talking about George Clooney and and his house in a lake and your begining picasso charts, I remember that you also talked about a wall in that post, I really want to hear your explanation!


Don't worrie about your english, I'm from Argentina and I don't talk very well too , so people that want to be our friend should learn our language too, for sure.

Have a really good weekend mate, thanks for sharing. I know you will receive x2 pips because you share your knowdlege.
  • #450
  • Edited 5:17pm Sep 27, 2013 4:30pm | Edited 5:17pm
Quoting likedario
{quote} Very clear Luigi. What is interesting is why the creator didn't mentioned the 1,2,3. I really appreciate your explanation, I know understand the rules at least and it is a great starting point for me in a re-test of this strategy. Today I tried in eurusd the old system and work for +17 pips (waiting for candle close after zz dot) but may be lucky Some questions more, if you want to answer, if not, it is logical . 1- About the 1,2,3 starting from yellow, there are exceptions of this rule?, I mean some other combinations, and there is...

1 Mr Dredding is the genius,

2 i'm the monkey and i'm able to count from one to three

3 is not a genius a men that in three dots biulds a strategy ?

4 about the wall , the concept is to draw ONE line in which the price is sensitive

or becouse it is touched more times , or is a point that be only by itself in the chart

5 usualliy if you put the two mov ave on chart when price is up above them, there is a wall on higher TF

6 about the two mov ave on 4 H when are open .

7 about trend , is up to you find a system for google it , that you feel right to use it.

8 a men or a woman that are doing a master on finance usually they don't speak like monkeys .

9 take a look at the eur/usd

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eur /usd made a lot of people rich in the first 7 years, it was very simple make money in that up market ,

unfortunately i was doing something else

it may be , looking at the pink circle it is close at the great break , but i don't

and it may be there is a big retest , or a false break

by the way is clear that in the last 30 weeks it was in a little box

the tpl in the pic is the ADX of mt4 there is the 21 sma the most famouse on higher TF

however, is time to banana uh, uh,uh, uh


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a lot of people are looking for the shocking new of no print money of the last week,

and all forgets when mr alabama has duplicated the maximum top of public debit of u.s.a.

what it might mean ? if i have one dollar today , in the future i have half dollar and all with only one stroke of mr alabama.

but this are my opinions and
"" i'm breaking charts in the hot sun , i found the trend and i won ! ""
  • #451
  • Sep 29, 2013 5:41pm Sep 29, 2013 5:41pm
http://charts.mql5.com/2/634/eurusd-...-division1.png

Dear Traders I am testing this system. Check green line is buy stop and red line is stop loss. this is how you do. ? I am not sure. because on green line horizonatal the dot you see. but there is no zig zag line with it. what about zig zag line and dot. do they both needed at 1 point. please clarify this to me.

thanks
  • #452
  • Oct 11, 2013 12:02am Oct 11, 2013 12:02am
I only trade the dots that also have the zig-zag.
Only trade with the trend.
It feels sometimes as if you are missing some good trades
but this way you get a better win rate.
  • #453
  • Oct 21, 2013 7:33am Oct 21, 2013 7:33am
Good morning everyone,
I have just started to learn this system and from what I see so far it looks very promising.

What currency pairs do you have on your radars this morning.

Let's talk about setups

FX
Know your edge and trade within it
  • #454
  • Oct 22, 2013 3:45am Oct 22, 2013 3:45am
Could you explain for me?

SELL Limit Order
Trade With The Trend
1) ZZ Semafor On TOP (What's top)
2) ZigZag on TOP (What's top)
3) Place Sell order at last LOW (ZZ Semafor Dot) Add Spread if you want.
SL= Last High(ZZ Semafor Dot BEFORE SIGNAL) You can add Spread if you want.
TP= 1:1-1:4+(risk/reward) or Use Other Pivots(The Daily Range indicator will tell you what pivot to MAX PROFITS)


BUY Limit Order
Trade With The Trend
1) ZZ Semafor On BOTTOM (What's bottom)
2) ZigZag On BOTTOM (What's bottom)
3) Place Buy order at last HIGH (ZZ Semafor Dot) Add Spread if you want.
SL= Last Low(ZZ Semafor Dot BEFORE SIGNAL) You can add Spread if you want.
TP= 1:1-1:4+(risk/reward) or Use Other Pivots(The Daily Range indicator will tell you what pivot to MAX PROFITS)

Thanks,
  • #455
  • Oct 31, 2013 3:55pm Oct 31, 2013 3:55pm
Is this thread a dead horse. Is anyone still using this system. Just wondering.
  • #456
  • Nov 25, 2013 1:36am Nov 25, 2013 1:36am
Hi Admin,

I am manually using the same kind of system.
I am relaxed to see that you have developed the system with indicators & rules & etc.
Only thing I want to know about your system is " How you can take the Multiple time frame fractals in count, so we can get the things right in fractal entry/stop & target.

Hope you will help me out, if thing are there. If they aren't here than you may let me know the ways to deal.

thanks
  • #457
  • Dec 2, 2013 5:57am Dec 2, 2013 5:57am
Hope someone can help me out.
I'm trading with this system but I'm trying to back test. when i backtest all works except the MTF HA indicator.. does anyone has a solution for this so i lines up with back testing? right now it only stays red the whole time.

many thanks,
  • #458
  • Feb 4, 2014 10:57am Feb 4, 2014 10:57am
Trades I took last night.

Both were closed at TP.
162 + 108 pips.

Can you guys, ( looking at you Luigi ) comment on the trades?
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Your authority is not recognized in fort Pipass.
  • #459
  • Edited 12:30pm Feb 4, 2014 11:06am | Edited 12:30pm
Currently in the GBP/AUD.
I'll let you know how it turns out.

Note: The stop loss is actually lower, I did that by mistake. It's around the yellow line, around 1.84005.
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Your authority is not recognized in fort Pipass.
  • #460
  • Feb 4, 2014 12:38pm Feb 4, 2014 12:38pm
Here's another trade I'm taking, though it only loosely conforms to the newbie BOLOSO system.
I'm hoping if the price breaks the yellow line it'll go through to my TP.
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Your authority is not recognized in fort Pipass.
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