Price Action Trading with Indicators! The Freebie System | Page 331 | Forex Factory

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Price Action Trading with Indicators! The Freebie System

  • #6,601
  • Edited 1:58am Nov 3, 2014 1:44am | Edited 1:58am
let see if i got the setup. in the picture below (eurusd), if we close this current m15 candle, we short with SL above last red dot. is it right?

Attached Image (click to enlarge)
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in the picture below (usdchf), i took that buy signal on the green HA. it drops back a little before my entry, it was very near the SL below de green dot.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 143 KB


anybody else took these ones?

do you mind the colors of the semafor dots or for the setup every dot means the same?

tkz in advance
  • #6,602
  • Nov 13, 2014 4:00pm Nov 13, 2014 4:00pm
Quoting Mr.Ma
{quote} Which platform are you using?
FXCM
  • #6,603
  • Dec 20, 2014 1:52am Dec 20, 2014 1:52am
Quoting gustcoelho
let see if i got the setup. in the picture below (eurusd), if we close this current m15 candle, we short with SL above last red dot. is it right? {image} in the picture below (usdchf), i took that buy signal on the green HA. it drops back a little before my entry, it was very near the SL below de green dot. {image} anybody else took these ones? do you mind the colors of the semafor dots or for the setup every dot means the same? tkz in advance
Both of those trades were good Dredding signals - well done. When a yellow dot (3) appears this usually indicates that a trend may be coming to an end (but not always!) so to keep an eye out for reversals.

The only thing I would say is that those 2 pairs (EURUSD and USDCHF) are inversely correlated so they will often give signals at the same time but in opposite directions which doesnt always make it beneficial to trade both pairs at the same time.

By the way are the clock faces on the left side of your screen an indicator? Is so would you mind sharing it as I've been looking for one of those for years!

Jimmy
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #6,604
  • Edited 2:55pm Dec 30, 2014 2:38pm | Edited 2:55pm
Sorry, I have a stupid question. I did search about "Failed At Pivot". I still cant really the point about it.

Is it means "When price try to break "pivot line" but failed. I think I understand it. But How long means it failed? If price cross pivot line over few days ( on H1 or other longer period chart, and small zz semafor point on other side.

like picture below, I'm sure "little blue V" on left side is "Failed at pivot" ..But about right side "Start from 29 dec", bottom about " 30 dec", break at "30 dec 11:00". Is it "failed at pivot" ?

I know there is a rule "1) ZZ Semafor On BOTTOM(Within 1-3 Candles)". And it had about 5-6 bars from bottom to break point.

I just want to understand this clearly. Is basic idea is build for quicky and fastly break failed signal. or any break signal is acceptable? No matter how long we stay on bottom side, just break line from bottom to line quickly.. and that's accectable?

or it means ... price tring to break pivot and heading to S1 but failed, then price back and cross pivot again.

If let me guess.... I think answer is "Price break pivot line and doesnt break to next line, then price drop back quickly". Is it?



Thanks all if you can help.
Sorry my baddddd english.


Attached Image (click to enlarge)
Click to Enlarge Name: failed_line.jpg Size: 535 KB
  • #6,605
  • Mar 3, 2015 6:53am Mar 3, 2015 6:53am
dear ,

can any one tell me that in the freebie system, what is the difference between the freebie candles appearing & the zz semafor.

what they tell us exactly.

so kind of anyone who can clear my confusion.

Thanks
  • #6,606
  • Mar 22, 2015 1:21pm Mar 22, 2015 1:21pm
I can't believe that this thread was put into the recycle bin. Oh well it was great while it lasted.
  • #6,607
  • Mar 22, 2015 1:22pm Mar 22, 2015 1:22pm
Quoting Checkz
I can't believe that this thread was put into the recycle bin. Oh well it was great while it lasted.
Couldn't agree more
  • #6,608
  • Mar 23, 2015 12:20am Mar 23, 2015 12:20am
Where does it sat Freebie stuff is no good. I have been using it for years and there is nothing but good coming from using it. Another opinion alongside others and Freebie provides lots of help for those learning to trade - and profitably
  • #6,609
  • Mar 23, 2015 12:37am Mar 23, 2015 12:37am
We need more people posting trades and just more freebie trade discusion
  • #6,610
  • Mar 23, 2015 1:30am Mar 23, 2015 1:30am
Well I'll tell you something then - watch the AUUS for the next little while, use MTF and then decide what you think. It has a high recent ADR. high recent volatility, long congestion period and is just about approaching a ready to go one way or another situation. Cheers and thanks to Mr Dredding.
  • #6,611
  • Mar 23, 2015 2:46am Mar 23, 2015 2:46am
I hate Dredding82 never got around to releasing his Freebie Pro system here. Did any of you guys ever learn Dredding82 Freebie Pro system?
  • #6,612
  • Apr 7, 2015 10:38pm Apr 7, 2015 10:38pm
Is the Skype group still going on and if it is how can I be added?
  • #6,613
  • Apr 8, 2015 1:35am Apr 8, 2015 1:35am
I dont know about the skype group but the chatzy thing was pretty empty last time I logged in.
  • #6,614
  • Apr 8, 2015 1:40am Apr 8, 2015 1:40am
Quoting pp22
I dont know about the skype group but the chatzy thing was pretty empty last time I logged in.
I think they stopped using chatzy and moved to skpe but I maybe wrong. Everyone may have moved on from skype as well.
  • #6,615
  • Apr 10, 2015 10:31am Apr 10, 2015 10:31am
Quoting Dredding82
{quote} Now that you get that...the answer to the rest of your question(s).... Most times i take every signal i see that meets my rules for entry mostly with the trend. But sometimes while trading on the M15 the trend might be up on the H4 but down on the D1...so i will take short trades even if the H4 trend is up only because the higher TF says its down. I want Daily,Weekly & Monthly profits. Anything i make intraday trading is just extra money i get to spend any way i wish. I shoot for a higher R:R then 1:1 when i am with the trend...which will...
I love this post.
  • #6,616
  • Apr 26, 2015 3:41pm Apr 26, 2015 3:41pm
I am new to this thread and am interested in the freebie system. I have spent a full day reading the posts in this thread.
I downloaded the indicators and templates in post#1.

I have some questions and I know that the answers will be in the threads but I am confused because some answers referred to old versions (like : If trading on H4 change fib pivots change "Myperiod" to 10080 ) and the current PivotsForFreebie.ex4 does not have this property "Myperiod":

1. Does the template "freebie newbie daily.tpl" work for all time frames or just for the daily?
2. Does "PivotsForFreebie.ex4" indicator work for all time frames?
3. What changes are required to work for M15, H1, H4, D1, W1?
4. "Failed at Pivot" means the Pivot line itself or all the Fib lines (S1,S2,S3,R1,R2,R3,Pivot) and the fib mid lines as well?
5. As per screenshot attached, the indicators do not show the dots to the right of the ZZ semafor circle and the ZZ semafor circles do not contain the numbers 1,2,3.
6. How can I download the template that shows the Price Action Candles (it was mentioned in page 2 in this thread and there are many screenshots for it?

Thanks
Attached Image (click to enlarge)
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  • #6,617
  • Aug 25, 2015 4:09am Aug 25, 2015 4:09am
Quoting Dredding82
{quote} Ok i got it compiled but it wont take a trade now with the HA code in the EA.....So if any coders would help i would be very thankful and im sure alot of others would also.... Thanks **NOTE** THIS IS NOT A WORKING EA DO NOT USE TO TRADE! {file}

Can someone get this EA to work? It's from post#788.
  • #6,618
  • Oct 8, 2015 10:09pm Oct 8, 2015 10:09pm
Quoting Dredding82
{quote} The lower the TF the more FALSE SIGNALS YOU WILL HAVE.....theres more market noise! PEOPLE you will not get every PIP! just pick a TF and stick to it...if you want less false signals go to a higher TF...if you like risk then go to the smaller TFs....
  • #6,619
  • Oct 9, 2015 10:21am Oct 9, 2015 10:21am
I couldn't have stated it better. Most people will not heed that warning, but as they say, experience is the best teacher. Thanks Checkz and Dredding82.
  • #6,620
  • Nov 4, 2015 3:19am Nov 4, 2015 3:19am
This method still works!!!!
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