EURUSD M5 buy — OK, I'm ready for some crticism of this entry LOL EURUSD M5 buy Yes, I know that ALL the higher charts are in a down trend, so it LOOKS like a counter-trend trade. However, based on the swings of the M1 and the last swings ...

Price Action Trading with Indicators! The Freebie System

EURUSD M5 short Had an up move, a retracement, then the follow through up leg failed to continue higher at the last red dot. short at the open of 2nd down candle @1.4149 Stoch crossed down. SL above the red dot high + 2X spread 1.4172 TP 1.4120 R:R ...

Price Action Trading with Indicators! The Freebie System

YESSSSS! read EVERY post. It is a small investment of your time for a lot of valuable information. Did you become a GameBoy, XBox, Wii, or whatever expert by playing a couple of games for a couple of hours? I think not! I bet you invested THOUSANDS ...

Price Action Trading with Indicators! The Freebie System

Using the rules that you have, I would take that short, too. What are your SL and TP? But using some other info that I have, I would just scalp the short, expecting to see another up leg before it makes the next good down move. DrDave

Price Action Trading with Indicators! The Freebie System

And I'm still curious as to your logic for seeing this as a counter trend trade. On another note, I was watching GBPUSD many hours ago for a long setup. Finally entered 1.6139, TP 1.6188 R:R 1:1 The retracement was rejected at the 1.6100 line, ...

Price Action Trading with Indicators! The Freebie System

First, you need to define your reference for the trend before I can tell you if it is a counter trend trade. Looking only at the M5 chart, if you scroll back, you'll see at the level 3 semaphores a lower low that was preceded by a lower high. That's ...

Price Action Trading with Indicators! The Freebie System

If at first you don't succeed — EURUSD M5 short @1.4198 SL 1.4217 (at prior swing bar +4 pips) TP 1.4176 (just above pivot) R:R 1:1 stoch crossed down failed rally in down trend EDIT: also stopped out Shall we try again? No, because now therw ...

Price Action Trading with Indicators! The Freebie System

Short M5 EU — Just short M5 EURUSD @1.4190 SL 1.4206 (prior swing bbar + 4pips) TP 1.4174 (Just above pivot) R:R 1:1 Failed pivot at 1.4200 Stoch crossed down Rallied in a downtrend DrDave EDIT: Stopped out. Can't win 'em all!

Price Action Trading with Indicators! The Freebie System

Yeah, fisheggs is finding setups like a master, and he's just started! (How hard can it be, eh?) DrDave

Price Action Trading with Indicators! The Freebie System

All of your systems are PRO--- Pips Routinely Obtained DrDave

Price Action Trading with Indicators! The Freebie System

Yeah, you wouldn't want to disappoint the single-mom strippers this weekend. DrDave

Price Action Trading with Indicators! The Freebie System

Makes us a theme song! — C'mon Dredding, take a break and write us a "PiP Dreaming" song! Use some of your spare pip money to get it recorded and published. Hey, do ya think maybe Michael Jackson learned some moves from Mama Cass? DrDave

Price Action Trading with Indicators! The Freebie System

Yes, exactly it's a bit of a gamble. But considering we hit the daily range, we went to a low where there is significant old support, and we stopped at a pivot number that I use, the odds are in my favor. If I wanted to be even MORE confident, I ...

Price Action Trading with Indicators! The Freebie System

EURUSD M5, came back to test the low near 1.4025 and stopped at higher low. Bought 1.4041, SL 16 pips TP 20 pips. Price playing around just under TP at the moment.

Price Action Trading with Indicators! The Freebie System

Hmmmm, range.....Hmmmm,, range... Uh, maybe that thing that you cook on? Or a modern kind of microwave oven? Like, you know, the RadarRange?? Or..., maybe that is where the deer and the antelope play?? OHHHHHH! My BAD! This is a TRADING thread. Must ...

Price Action Trading with Indicators! The Freebie System

This AUDUSD short trade at the moment is a perfect example of needing some pips above the swing bar for the SL. On my chart, the H was 1.0722. If you didn't hit TP on the down leg, then the next H went to 1.0723. So a SL 1 pip above the H would have ...

Price Action Trading with Indicators! The Freebie System

Eric, Scroll back in your charts and look especially 60 minutes on both sides of the London open and New York open. Maybe you'll see very often big reversal moves. Check about an hour before the sessions close, too. I think you'll like what you see. ...

Price Action Trading with Indicators! The Freebie System

Thanks. Yea, well, as they say, "A chemist's work is never done". LOL But I don't have a typical ball-and-chain mind-numbing JOB: I do consulting so I do a lot of technical writing from home. DrDave

Price Action Trading with Indicators! The Freebie System

Well, did you meet your daily goal? Then of course you're done. If not, did you meet your weekly goal? Then of course you're done. (I will guess that making your best career result for the week means that you exceeded your weekly goal.) DrDave

Price Action Trading with Indicators! The Freebie System

Hey Andrey, that's an outstanding job! Do that again next week, pal. DrDave

Price Action Trading with Indicators! The Freebie System