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Dredding82 replied Jul 21, 2011H1 LIVE Trades — Here are 3 live H1 trades took on GbpUsd,EurUsd & AudUsd.....EurUsd & AudUsd were taken using the Freebie PRO and the GbpUsd was taken using the Freebie Newbie System. Today was a KILLER day...banked 100 pips or more on each ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 21, 2011
There are some very wise words in that thread...You should try and let your winners run. Once you have at 1:1 Risk:Reward or whatever you picked as your TP area close out 1/4 or 1/2 of your lots which ever you want then move to stoploss BE or keep ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 21, 2011
EurUsd H1 LIVE TRADE — Here is a trade i took right before the close of US session yesterday...Looking pretty good right now...Moved my SL to above enter so now even if it reverses ...FREE TRADE! lol Sorry havent been around much been busy ...
Price Action Trading with Indicators! The Freebie System
lol- Dredding82 replied Jul 18, 2011
Accumulation/Distribution....Look it up but its a fancy way of saying RANGE............lol
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
You are not understanding what i am trying to tell you............TO COUNT YOUR HH OR LL you need to look at the CLOSE of the candle with the SPIKE.......if the CLOSE is not a HH or LL then its NO GOOD! lol...just go back to your charts with what i ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
UNTILL THE CLOSE OF THE CANDLE .....IT IS NOT A FACT.......Once the CLOSE happens then it becomes a FACT. Now look up SWING HIGH............SWING LOW.........which are a form of Higher High and Lower Low............but not the TRUE PRICE you need to ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
Look up "Whipsaw"..........."Stoploss Hunting"......."Market Spikes"......THEY ARE ALL THE SAME! they are there to make you NEWBIES LOSE MONEY! Now go back on your charts....look at all the SPIKES...when price was closing lower and lower then the ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
WRONG.... MAKING A TRIPLE TOP.......but also made a DOUBLE BOTTOM....its an area of A/D so there might be a price SPIKE(COUGH COUGH) but i bet i get a trade that is a 1:15 or so Risk:Reward of of this pair.....so if my R:R is that great how many ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
WRONG! you can disagree if you want but a HH is not CONFIRMED till the close is HIGHER Then the past HIGH.............a spike in price is also known as a "Whipsaw"...."StopLoss Hunting"....etc.........so you keep trading spikes when its not a ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
Remember that WAGON i told you to get a ticket for last week? Well better get one today for the same trip ...if not today tomorrow before its too late........lol
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
I shorted both....and loving the pips right now.....
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
When in doubt of TREND....USE A Moving Average...50,100,200 and trade with which way it is moving........EASY EASY EASY lol....What makes trading hard is all the over thinking people DO! So stop thinking and START trading lol
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
AH.............
Went long did ya? lol Should have shorted............
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
What alot of you memeber here do not understand is a HH or LL is not just a spike in price that breaks the last high or low...it MUST CLOSE HIGHER or LOWER to be a TRUE HH or LL.....
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
I gave the MTF HA indicator for an easier way for NEWBIES to see trend...if you were looking at a higher TF chart...M15-H1 like i say to use this system on...you would have been shorting today on EurUsd...BTW...GbpUsd gave a KILLER RETURN today! lol
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 18, 2011
it was NOT COUNTER TREND...........TREND IS DOWN.....If you take into account the current TREND...the M5 and the HIGHER TF you will make more PIPS......dont just try and trade off of 1 TFs trend...Look at a higher TFs trend and trade with it when ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 14, 2011
Is GbpUsd making HH or LL? what color are the MTF HA's in the subwindow?
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jul 13, 2011
Yuppers....How do you think they make hundreds or thousands a night? lol
Price Action Trading with Indicators! The Freebie System