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Indicator Free Trading - Skunny

  • #161
  • Dec 14, 2007 11:01am Dec 14, 2007 11:01am
Quoting doubledutch
I have not slept one wink.
http://www.quotationspage.net/icon_blank.gifWilliam Shakespeare, "Cymbeline", Act 3 scene 4
Pretty neat isn't it? Especially when you can use it for something specific, like PA.
Robonacci com
  • #162
  • Dec 14, 2007 11:13am Dec 14, 2007 11:13am
PLEASE PLEASE PLEASE

Do not trade with the information I gave for the exercise. I've received a few pm's (which is fine) from people trying to learn how to trade the info.

I've given a screwdriver not a hammer

Don't get ahead of the game, you'll go down in a flame. (hey I rhymed)
Robonacci com
  • #163
  • Dec 14, 2007 11:24am Dec 14, 2007 11:24am
Quoting Pip Hunter
I know all the $$$ has been made by the time I get up on the west coast of the US
I set my trades before I go to bed ~ midnight or 1am, and find that's the best time to place trades (1am - 9am), mountain time.
  • #164
  • Dec 14, 2007 11:25am Dec 14, 2007 11:25am
Skunny can we move on to more substance my friend?
  • #165
  • Dec 14, 2007 11:32am Dec 14, 2007 11:32am
I have not read all the posts here but it is nice to see I'm not the only one who trades indicator free..lol
Check Mate GAME OVER
  • #166
  • Dec 14, 2007 11:44am Dec 14, 2007 11:44am
VHANDS is fantastic! I could only select dailey though as the highest time frame. Do I need to adjust something or will that work ok??
PipHunter
  • #167
  • Dec 14, 2007 12:07pm Dec 14, 2007 12:07pm
Quoting bobblong
Skunny can we move on to more substance my friend?
I will Bobb, my mind isn't geared for teaching right now. It's more geared for idle chit chat. It takes a lot of thought for me to decide how to deliver the information in a manner it can be absorbed. For you, I'm not going fast enough, but for me it's going too fast...lol

Besides being a hospital shuttle for my dad, I have the inlaws coming to town and Christmas at my house. I could pile on more but I won't...lol.

I truly have given enough information to get you started and thinking different. If you spend time applying the mindset I suggest, things will start popping out at you and you won't need me anymore.
Robonacci com
  • #168
  • Dec 14, 2007 12:13pm Dec 14, 2007 12:13pm
Quoting Pip Hunter
VHANDS is fantastic! I could only select dailey though as the highest time frame. Do I need to adjust something or will that work ok??
What I've laid out so far works on any time frame. If your running vhands, you can watch more of what I'm talking about on 1 hr/4hr. Try small swings instead of candles. Remember one candle on a given time frame is made of many swings on a shorter time frame.
Robonacci com
  • #169
  • Dec 14, 2007 12:18pm Dec 14, 2007 12:18pm
Quoting Skunny
I will Bobb, my mind isn't geared for teaching right now. It's more geared for idle chit chat. It takes a lot of thought for me to decide how to deliver the information in a manner it can be absorbed. For you, I'm not going fast enough, but for me it's going too fast...lol

Besides being a hospital shuttle for my dad, I have the inlaws coming to town and Christmas at my house. I could pile on more but I won't...lol.

I truly have given enough information to get you started and thinking different. If you spend time applying the mindset I suggest, things will start popping out at you and you won't need me anymore.
Skunny...which posts give us some of the best info on what we're paying attention to the most while observing the PA?
PipHunter
  • #170
  • Edited 12:42pm Dec 14, 2007 12:20pm | Edited 12:42pm
Quoting Skunny
Is everyone having fun using Vhands?
I guess I'm the straggler. Between trading and posting, I'm still on the 1 week candle fib exercise.

The more examples I look at, the more it appears that anything can happen. Yes, price really loves those lines, they are significant, but there doesn't seem to be any rules about what will happen until it's over with.

BUT, as you said, if a person were to trade the hourly chart off these fibs, and be patient and see what happens at the line, then I see possibilities.

Today the E/U broke through last week's 138 fib and went 100 pips down to the 162 line. Stopped dead to the pip and reversed. Interesting. I did think of trading the breakdown, but, I can wait. I've lost too many trades trying something new.

(I edited the above paragraph, I was looking at the G/U the first time I wrote it. G/U broke through the 23 and went down to the 0 today at the same time the E/U did as mentioned above.)

I did trade the 138 breakout on the U/J in my blown oanda account. It faked a retrace so I got out, but it has gone on up now. There are still 45 pips to the 162....
  • #171
  • Dec 14, 2007 12:27pm Dec 14, 2007 12:27pm
Quoting blueruby
I guess I'm the straggler. Between trading and posting, I'm still on the 1 week candle fib exercise.

The more examples I look at, the more it appears that anything can happen. Yes, price really loves those lines, they are significant, but there doesn't seem to be any rules about what will happen until it's over with.

BUT, as you said, if a person were to trade the hourly chart off these fibs, and be patient and see what happens at the line, then I see possibilities.

Today the E/U broke through last week's 23 fib and went 100 pips down to the 0 line. Stopped dead to the pip and reversed. Interesting. I did think of trading the breakdown, but, I can wait. I've lost too many trades trying something new.

I did trade the 138 breakout on the U/J in my blown oanda account. It faked a retrace so I got out, but it has gone on up now. There are still 45 pips to the 162....
You can pull a daily on EUR/USD and see the succession of lower highs. I think a new trend pointing downward might be in play after breach of last swing low.. All beats off from the long side after breach of the 1.4521 area IMO..
Check Mate GAME OVER
  • #172
  • Dec 14, 2007 12:42pm Dec 14, 2007 12:42pm
Quoting Pip Hunter
Skunny...which posts give us some of the best info on what we're paying attention to the most while observing the PA?
The initial idea of what I posted for an exercise was a result of addressing S/R and how price acts around it. I chose weekly for the purpose of simplicity for new traders, it shows stronger S/R just within the candle structure itself (Hi/Lo). I think I stated this before but maybe I missed it, what's applicable on a weekly chart is applicable to lower time frame charts. However, the higher time frames trump the lower ones. The exercise itself was just to get people focused on this fact. I'll try to put another chart together when I get back from the hospital later today.

The vhands stuff was never an exercise for the weekly chart. If I inadvertently indicated that I apologize.

I'll get into a better flow next week. Tough week this week, bad timing to start a thread.
Robonacci com
  • #173
  • Dec 14, 2007 12:46pm Dec 14, 2007 12:46pm
Quoting Skunny
The initial idea of what I posted for an exercise was a result of addressing S/R and how price acts around it. I chose weekly for the purpose of simplicity for new traders, it shows stronger S/R just within the candle structure itself (Hi/Lo). I think I stated this before but maybe I missed it, what's applicable on a weekly chart is applicable to lower time frame charts. However, the higher time frames trump the lower ones. The exercise itself was just to get people focused on this fact. I'll try to put another chart together when I get back from the hospital later today.

The vhands stuff was never an exercise for the weekly chart. If I inadvertently indicated that I apologize.

I'll get into a better flow next week. Tough week this week, bad timing to start a thread.
This was for you Blue
Robonacci com
  • #174
  • Dec 14, 2007 12:50pm Dec 14, 2007 12:50pm
Don't get caught up with the 162 ext. It becomes irrelevant down the road.
Robonacci com
  • #175
  • Dec 14, 2007 1:12pm Dec 14, 2007 1:12pm
Skunny, thank you for the thread started. After reading some of your posts, I have started viewing the market in a somewhat different dimension. I am eager to see the results of this change in perception coupled with your inspiration/guide, not only in the FX market.
Your Dad is in our prayers, hope he's better sooner than later.
  • #176
  • Dec 14, 2007 1:18pm Dec 14, 2007 1:18pm
I'm not showing exactly how to trade this, but maybe this will help you all see where this idea goes on an hourly basis.

If you look at the candles on the example.

1) trade to 138
2) enter 1 position
3) enter 1 position at 61.8 and 1 at 38.2 inner fib lines

This example looks easy but only because there was a new cycle starting on the swing I pulled. So don't think you can pull like I did here. You need to learn the flow before you pull a fib.

Remember when I said watch when REAL S/R is broken? "Pin Bar"?. Pin bars are cool things,(yippee) but you need to know where they happen or they're useless.


I gotta run!
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Robonacci com
  • #177
  • Dec 14, 2007 1:37pm Dec 14, 2007 1:37pm


fine fine fine, thats look awesome!!!

so first was a short, second too...

3rd was confluence of the 100 and the 38 and 50 zone?
  • #178
  • Dec 14, 2007 1:43pm Dec 14, 2007 1:43pm
Quoting Skunny
I'm not showing exactly how to trade this, but maybe this will help you all see where this idea goes on an hourly basis.

If you look at the candles on the example.

1) trade to 138
2) enter 1 position
3) enter 1 position at 61.8 and 1 at 38.2 inner fib lines

This example looks easy but only because there was a new cycle starting on the swing I pulled. So don't think you can pull like I did here. You need to learn the flow before you pull a fib.

Remember when I said watch when REAL S/R is broken? "Pin Bar"?. Pin bars are cool things,(yippee) but you need to know where they happen or they're useless.


I gotta run!
Thanks for the extra tidbit of info, it will be very helpful now while looking using vhand. I know your probably already gone. But if you get a moment sometime, the last highlighted area at the 138 ext. With experience you learn to not expect that pinbar to signal a change in direction. Or, since it hit a key area, you now watch for the next candle to breakthrough higher or lower of the pinbar.

Thanks alot, you have been extremely generous and thoughtful in a time that's very busy for you. Your Dad continues to be in our prayers.
PipHunter
  • #179
  • Dec 14, 2007 1:55pm Dec 14, 2007 1:55pm
Quoting Pip Hunter
Thanks for the extra tidbit of info, it will be very helpful now while looking using vhand. I know your probably already gone. But if you get a moment sometime, the last highlighted area at the 138 ext. With experience you learn to not expect that pinbar to signal a change in direction. Or, since it hit a key area, you now watch for the next candle to breakthrough higher or lower of the pinbar.

Thanks alot, you have been extremely generous and thoughtful in a time that's very busy for you. Your Dad continues to be in our prayers.
i think, if it price doesn't make new low then is trend still active...

I've learned Inside Bar method from a guy from another forum, thats also awesome, i never understand to use the fibonacci thing right, think this is my lesson in fibonacci and from this point i never need a indicator again...

i think thats a fine christmas gift for me...

my gift to you skunny, positive energy from me, rubbish, from us all in direction to u and ur family
  • #180
  • Dec 14, 2007 2:01pm Dec 14, 2007 2:01pm
how to close orders in vhands?
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