EURUSD M5 Just snatched up a quick 19 pips on this down move from a double top. Add that to earlier 16 pips, and I'm over my daily goal. (Now time to close the charts and concentrate on my consulting job. LOL) Kudos to Dredding for this freebie ...

Price Action Trading with Indicators! The Freebie System

Should you factor in this fact as well? Plus, it made a double bottom. DrDave

Price Action Trading with Indicators! The Freebie System

Great job, Caillou!

Price Action Trading with Indicators! The Freebie System

I, too,was looking at this EURUSD short today and was waiting for a signal to get in near 1.4300. Unfortunately, I got called away from the computer and it was already too far into the move to get in. But not to worry, plenty more pips are still out ...

Price Action Trading with Indicators! The Freebie System

Alexey, I'd say no one can tell YOU which chart is better to trade. It all comes down to how comfortable that YOU feel about it. Dif'rent strokes for dif'rent folks, you know. DrDave

Craig Harris Stochastics Method

Big numbers and Fib sequence — Big numbers and Fib sequence I have read all but the last 80 posts. Nice discussion, folks. Thought I would just add an interesting correlation that I noticed between the Fibonacci sequence and CH big and mid ...

Craig Harris Stochastics Method

In today's news... — Earlier last night, Dredding, a.k.a "pip-snatcher", was found in a local bar drinkng like a fish in a jar, and sending a few over to a newbie trader. When asked what was the big celebration, Dredding replied, ...

Price Action Trading with Indicators! The Freebie System

How did you determine the trend? — Sorry, but I don't understand how you determined the trend was UP! Or maybe you simply forgot that trend direction is the fundamental premise of this Freebie System? Just look between the last two ...

Price Action Trading with Indicators! The Freebie System

I'm fairly certain that DizzleFX also got on this pip-train, but he intends to ride the D1 circuit. DrDave

Price Action Trading with Indicators! The Freebie System

Depending on the timeframe, I take two 00 levels, e.g. 1.4200, 1.4300, and then divide into 1/4, or continue to 1/8s if slow and small moves. So at the moment, on the M5 and M15, I have the 1/4's: 1.4200, 1.4225, 1.4250. 1.4275, 1.4300, etc. Of ...

Price Action Trading with Indicators! The Freebie System

I'm also in that EU short, but based on the M15 with entry using M5. I'm experimenting with "00" numbers and 1/8's as my pivots. So I had what I call a fail just above the 1.4325 line that I shorted (in at 1.4326). My TP is the 1.4300 line. ...

Price Action Trading with Indicators! The Freebie System

I checked that USDCAD M15 chart...that was a nice setup using the Freebie system. Maybe consider trailing a stop, like in that video Dredding posted. (Of course in this specific trade, a trailing stop would have you out already.) You see how easy ...

Price Action Trading with Indicators! The Freebie System

AMEN to that, bro'! But after you reach full-time trader status, it's a non-issue.

Price Action Trading with Indicators! The Freebie System

O-R-R-R-R..... — OR... trade bigger charts, like H4 or D1! Depending on your location, you might be able to look for a set up before heading for work, during lunch, or right after quitting time. DrDave

Price Action Trading with Indicators! The Freebie System

Try both — Ultimatus, It is simple enough to just scroll back on your charts, find an appropriate run, and do an experiment of trailing a stop on any time frames that you wish to compare. DrDave

Price Action Trading with Indicators! The Freebie System

More easy pips EURUSD M15 — Sorry, no pic for this. I was just in a PM with Ultimus and told him I was short EURUSD M15 (but I used M5 for actual entry), R:R 1:1. Then 10 seconds after I finished the PM, KA-CHING! That was a 30 pip win, so ...

Price Action Trading with Indicators! The Freebie System

I found this remark on another thread. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor... Hmmmm... So ...

Price Action Trading with Indicators! The Freebie System

Pro system leak? — (Is this another little gem that leaked out of the Pro System?) DrDave

Price Action Trading with Indicators! The Freebie System

When it went up and rejected Fib R2 on M15, it was a good sell just a few pips below where I had originally bought! LOL It has hit TP 1:1, made a retracement back up to R1 and rejected it, and trying to continue down.

Price Action Trading with Indicators! The Freebie System

right — yeah, YOU DA MAN!! DrDave

Price Action Trading with Indicators! The Freebie System