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Dredding82 replied Jan 20, 2011Yes i know....but trust me this works alot better since you have fib pivots and reg pivots!
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
JUST DONT DO them!!! there only maybe a 1:1 or 1:2 risk/reward!!!.....once people learn to trade what i have told them already they will look and be like WOW hey thats prob a retracement but they NEED TO LEARN TO READ THE CHARTS!
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
Your pivot line is wrong...my platform shows it at .9572 it failed 2 times and the risk was so small 13 pips and the TP was alot bigger 32-43 pips...you cant see a trade and think about it....just pull the trigger! if you dont then you will kick ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
BUT i am not trying to get people to enter RETRACEMENTS! what i am trying to show and teach is how when a PIVOT FAILS it is a LOW risk HIGH reward setup....and to TRADE WITH THE TREND of a HIGHER TF
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
I said it was a possible sell only because there was a nice movement down to the Fib S1...But as you seen i also said it was more then likey going to head higher because the S1 held on M15 & H1. That would be a valid retracement M15 enter from the ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
Gotta add a pic....unless you have some high tech invisible .jpg stuff i aint never seen before lol
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
USDCHF — Since i am getting so many questions about the pivots and what is a valid trade i will post some examples of VALID trades
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
YES! Fib S1 held on M15 and H1 so from that point it will prob go to Pivot,M3,Fib R1 or maybe Fib R2 and so on...but like i said uss a 1:1-1:4+ TP but DO NOT BE GREEDY! lol Greed kills your account not a system
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
Chubby...........LOOK at the charts for any pair today before the pivots change....and answer that question for your self...the way my system works is the PIVOT HAS TO FAIL .......it can not just come close and you take a trade....Thats not how my ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
SLEEP!! are you kidding me!! Thats for old and dead people!! lmao Yea i sleep right now looking over reports that came out today
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
Right now London is closed and only the US is open...so market volume is down and its not a really great time to trade....I would call it a day drink a beer eat a steak and be thankful your still up 45 pips from yesterday...And wait for the ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
It is a possible right now...it blew thru the pivot now you need to wait and confrim it. This could be a enter into a retracement from the last big downtrend move but it is more likely to go up due to the H1 chart for now
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
Fib Pivots and the stand zigzag is all you need
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
I hope with the pictures you can see where you went wrong with that one euro trade.
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
Ok 2 trades right? so your first trade made profit right? the second one you took was not valid because it did NOT FAIL at a fib pivot.....for it to fail at a Fib Pivot it either needs to touch then retrace up or it needs to go thru then close ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
If you would please post the pics of trades you took so i can tell you why it did or didnt work.....I cant help if i cant see
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
Please post the trades you took today and lost maybe i can see where you went wrong pivots dont repaint and neither do any of the other indicators but the zigzag....Like i told everyone you will have losing trades, that is a part of trading NOTHING ...
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
Well looks like you just made a quick 15-20 pips right? atleast from my charts you did
Price Action Trading with Indicators! The Freebie System
- Dredding82 replied Jan 20, 2011
It should be ok i would think it would go more then that though if the downtrend continues.....i dont trade gpyjpy so i could be wrong
Price Action Trading with Indicators! The Freebie System