Just for fun — Just for the fun of harassing the "trade experts" that are slaving over their terminals looking at all the pretty indicators and sweating about their results for the month while you put on your trade for the day and go have a ...

Price Action Trading with Indicators! The Freebie System

EURUSD Buy — Decided to look at the H1 EURUSD again today. Entered based on the M15 bounce off the FIb R1. Set TP to 1:1 because I'll be away from the computer. If I see another retracement of the M15 before TP hit, I'll move up stop and move ...

Price Action Trading with Indicators! The Freebie System

You're too good! — I suspect that unless a highest-level executive sees the reality of you being their cash-cow, you won't get hired. They are already too scared of your performance because you'd make their 1-2% returns look like what they ...

Price Action Trading with Indicators! The Freebie System

EURUSD H1 Buy — (OK, file attchemnts working today.) Thanks again, Dreddings, for contributing your freebie system. The chart on the left is with standard pivots. The chart on the right is with Fib pivots. Using Fib pivots, bought EURUSD H1 ...

Price Action Trading with Indicators! The Freebie System

Slow day? — Slow day in pipsville? LOL I trade just 1 pair, so it is simple enough for me to put 2 charts side-by-side, one with standard pivots and the other with Fib pivots. But thanks for the "flashing lights". Now we have something with ...

Price Action Trading with Indicators! The Freebie System

Just try both — It's really very simple to eliminate even looking at the number of pips moved the day before to decide which pivots to put on---just look at BOTH the standard pivots and the Fib pivots and see which set looks better as the ...

Price Action Trading with Indicators! The Freebie System

which pivots? — But I wonder if you checked both the standard pivots and the Fib pivots. Fib pivot R1 is 1.4334 on my M5 chart. My entry was after a failed M4 of the Fib pivot line. Of course, you are Using Camarilla pivots, as I recall. DrDave

Price Action Trading with Indicators! The Freebie System

spread 2 — The spread was 2 points.

Price Action Trading with Indicators! The Freebie System

Looking ahead GBPUSD M5 — Oblo, Maybe you'll get a chance to recover some of those pips from the GBPUSD fail by going long. If the M5 chart bounces off the Pivot, which happens to be the 38% Fib retracement, should make a nice buy. DrDave

Price Action Trading with Indicators! The Freebie System

I took a similar short on the EURUSD (It was NOT acccording to the rules of the thread--no failed pivot. I used prior S/R areas for the entry after lower H and break of prior low). I set TP to 5 pips above the Pivot line. Price came down only to 8 ...

Price Action Trading with Indicators! The Freebie System

Look at the prior down legs — Hey Oblo, look back at those prior down legs and see how many pips they ran. History repeats. So if the downleg on which you entered is going to continue likewise, you can see about where to expect it to end. ...

Price Action Trading with Indicators! The Freebie System

EURUSD M5 buy — Well, something wrong and can't make attachments. EU M5 in up trend. I show a retracement downn to M1. Bought 1.4155 the next white HA candle with stoch crossed up. TP was the pivot line at 1.4166. Had to leave, so took just 10 ...

Price Action Trading with Indicators! The Freebie System

I went back to your post#3097 and looked at that pic again. (See attached pic.) I think the same as before--it shows an uptrend, so you should have been buying; maybe at the arrow I added. (I didn't look closely to see if the down leg stopped close ...

Price Action Trading with Indicators! The Freebie System

From what I could see... — I think that you left out an important rule: identify trend direction. From what I can see on the pic you posted, the trend is up, not down. The higher low follwed by an equal high is not a confirmation of a down ...

Price Action Trading with Indicators! The Freebie System

How did you decide to sell? — Lizardman, I'm wondering how you decided to sell. Before the ZZ 3 H, I see a a purple ZZ higher L that would keep me waiting. Maybe you look only at the ZZ 3s? Or maybe 3 failed attempts (we could even say 4 ...

Price Action Trading with Indicators! The Freebie System

So just pull out the backup copy and the ORIGINAL ex4 file that you have archived on another drive. What was that??? No BACKUPS!? No ARCHIVES!? "there are just two kinds of computer users: those that HAVE lost files due to no backups; those ...

Price Action Trading with Indicators! The Freebie System

missed what?? — Hi TD. Ummmm, I suspect that the main thing you missed was reading the thread from page 1 to at least page 50! Answers to ALL of your questions are contained therein. DrDave

Price Action Trading with Indicators! The Freebie System

keep the sarcasm! — Keep up the good work, Dredding. Keep running your thread as you see fit. Make all the flippant, sarcastic remarks that you think are appropriate. I get a good laugh now and then either from your remarks or some of the ...

Price Action Trading with Indicators! The Freebie System

The last advice is the best; EAs don't THINK about a trade, they just ACT on the rules! DrDave

Price Action Trading with Indicators! The Freebie System

A wedge is indecision — Whistlepips, First, if at ANY potential entry you are vacillating between "Should I or shouldn't I; Is the set up right or not?", then you should not be entering, period. You need to make a firm decision of YES or NO ...

Price Action Trading with Indicators! The Freebie System