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Indicator Free Trading - Skunny

  • #521
  • Dec 20, 2007 7:00am Dec 20, 2007 7:00am
Quoting SA_Node
yeah, but the the last scene and just one dialogue where hopkins says "...... they died saving my life." shows his calibre. disagreement is just fine http://www.forexfactory.com/images/icons/icon10.gif

Oh man.. you are right... now I am going to have to download that movie today and rewatch it this weekend!

He is an amazing actor. Iam trying to think of things I DON'T like of his... "Remains of the Day" springs to mind... bleeccch!

Sizz
  • #522
  • Dec 20, 2007 7:06am Dec 20, 2007 7:06am
Quoting smjones
I was so sure I found my Grail... Just another disposable Dixie cup...
Negative, negative, negative. Don't be like this guy and give up. If you can't find me there try another greedy site. The point is I'll be out there, I'll be out there on many many sites. SO JOIN! Remember I go by many names. You might even try www.anotherdixiecup.com.
Robonacci com
  • #523
  • Dec 20, 2007 7:10am Dec 20, 2007 7:10am
Quoting Skunny
No no no sizz, in order to make you feel like your helping with this amazing system, I've left the candles completely customizable. (A $300 value at no charge)

OOOOOHHHhhHHH brilliant!!! Good thinking this grail will make me a bangup trader and I can use my devastating skill at looking at shiny things to really make it kick!!!

I love it bro. thanks bro. Really quickly though bro, what indicator lets me know how to customize the candles?? .... bro.

Sizz
  • #524
  • Dec 20, 2007 7:20am Dec 20, 2007 7:20am
You do not need 10 thousand indicators if you know how to read price action.

A simple resistance / support level does the job.

In over 18 months my profit chart has gone in only 1 direction, consistently.
Attached Image
  • #525
  • Dec 20, 2007 7:24am Dec 20, 2007 7:24am
Quoting forexlion
You do not need 10 thousand indicators if you know how to read price action.

A simple resistance / support level does the job.

In over 18 months my profit chart has gone in only 1 direction, consistently.
So you don't want to join? You're missing out on millions, but it's your choice Don't all you other traders listen to this guy. It's all in the indicators.

Maybe you should start some ridiculous thread with such a claim. LOL, no one will read it. S/R Ha ha ha ha ha.
Robonacci com
  • #526
  • Dec 20, 2007 7:24am Dec 20, 2007 7:24am
Quoting forexlion
You do not need 10 thousand indicators if you know how to read price action.

A simple resistance / support level does the job.

In over 18 months my profit chart has gone in only 1 direction, consistently.

Whoa whoa whoa do you have the mt4 for those green lines???

Sounds like a scam to me!!. How do you know how to trade with out something flashing on the screen?? where is the thing that tell you to trade? I am scared

Sizz
  • #527
  • Dec 20, 2007 7:28am Dec 20, 2007 7:28am
Quoting sizzler
Whoa whoa whoa do you have the mt4 for those green lines???

Sounds like a scam to me!!. How do you know how to trade with out something flashing on the screen?? where is the thing that tell you to trade? I am scared

Sizz
LOL
  • #528
  • Dec 20, 2007 7:39am Dec 20, 2007 7:39am
This is quite the annoying thread. OH BOY - NOT INDICATORS! THOSE ARE FOR NEWBIES. Skunny... please! Very easy to tell all are quite new to the biz. This is something you see every so often like a sick cycle with new traders: "Indicators are useless, indicators are for novices, indicators are yada yada yada"!

I have NEVER been in a professional trading room where indicators are not used (and quite extensively in most). Hard to understand here on a forum where about 99% aren't really trading with most being afraid to speak out on a silly thread such as this one with the big surprise coming.
Sorry guys - when you spend enough serious time trading, it's the threads and info like these (and most on these forums) are silly nonsense.

I trade simple S/R charts for a living but very big on a few basic stock indicators. It's so much simpler than this author here is leading most to believe.

Nevertheless, cheers and good luck/good trading to all,

kt
  • #529
  • Dec 20, 2007 7:40am Dec 20, 2007 7:40am
Quoting forexlion
You do not need 10 thousand indicators if you know how to read price action.

A simple resistance / support level does the job.
Things which seem relevant:

Support/resistance, market flow ("trend"), fibs to highlight/delineate the natural wave motion of price.

"Top-down" analysis - higher timeframes are more significant ("strategy") but lower timeframes are important for execution ("tactics")

Sometimes trendlines are important and interact with S/R lines to form triangles.
Darkness lies one inch ahead..
  • #530
  • Dec 20, 2007 7:42am Dec 20, 2007 7:42am
Quoting Skunny
Wow, you guys are starting to get the picture (but,you still have a lot of work to do). Remember this is only 1% of what is.


Here is the other 99%. This where you make all the money (or where I'll make all the money). Here is a chart that will make you a million dollars. I created a website in which I charge $500/m to each member (1 year prepay) to help you make your million. The great thing about this"new" system is you can change it (everyday if you want to). That's right people, when you have a bad trade it will be the direct result of NOT having that special indicator on your chart that would have saved you! I have that indicator, in fact, I have over 200 to choose from.

Now look at this chart. Go ahead and look at it................. looks confusing doesn't it? It's not, if you have my help. Join today and save 1% off the all ready low introductory price. YOU WILL NOT SEE THIS OFFER AGAIN. I'll even throw in the an EA for the chart you see here. Go to www . skunnys illgottengains . com and be one of the first to join.
Aw goan Skunny, now we know yer messin' with us
Darkness lies one inch ahead..
  • #531
  • Dec 20, 2007 8:05am Dec 20, 2007 8:05am
Just a quick look at what sort of things you'll see if you start drawing lines. The more charts you draw on, the easier it gets to see the S/R zones with out marking them.
So one question that needed to be asked on Tuesday was: How much risk is it to trade a bearish break of the 2.0100 level with a target of 2.0050, given the levels as drawn?
One would have to go back to Mid-April and early Sept to answer that. Take a look.
Sorry its dim, still figuring that part out.
waldo
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  • #532
  • Dec 20, 2007 8:10am Dec 20, 2007 8:10am
Quoting ktrade
This is quite the annoying thread. OH BOY - NOT INDICATORS! THOSE ARE FOR NEWBIES. Skunny... please! Very easy to tell all are quite new to the biz. This is something you see every so often like a sick cycle with new traders: "Indicators are useless, indicators are for novices, indicators are yada yada yada"!

I have NEVER been in a professional trading room where indicators are not used (and quite extensively in most). Hard to understand here on a forum where about 99% aren't really trading with most being afraid to speak out on a silly thread such as this one with the big surprise coming.
Sorry guys - when you spend enough serious time trading, it's the threads and info like these (and most on these forums) are silly nonsense.

I trade simple S/R charts for a living but very big on a few basic stock indicators. It's so much simpler than this author here is leading most to believe.

Nevertheless, cheers and good luck/good trading to all,

kt
This thread was started to help people understand trading with out indicators. If you need indicators that's okay, you shouldn't feel threatened by those who don't. Not sure the purpose of your post. but thanks for contributing
Robonacci com
  • #533
  • Dec 20, 2007 8:32am Dec 20, 2007 8:32am
Quoting ktrade
This is quite the annoying thread. OH BOY - NOT INDICATORS! THOSE ARE FOR NEWBIES. Skunny... please! Very easy to tell all are quite new to the biz. This is something you see every so often like a sick cycle with new traders: "Indicators are useless, indicators are for novices, indicators are yada yada yada"!

I have NEVER been in a professional trading room where indicators are not used (and quite extensively in most). Hard to understand here on a forum where about 99% aren't really trading with most being afraid to speak out on a silly thread such as this one with the big surprise coming.
Sorry guys - when you spend enough serious time trading, it's the threads and info like these (and most on these forums) are silly nonsense.

I trade simple S/R charts for a living but very big on a few basic stock indicators. It's so much simpler than this author here is leading most to believe.

Nevertheless, cheers and good luck/good trading to all,

kt
seriously? are you kidding?

I trade for a living. Using s/r and price action. No indicators if I need to check the wind I wils drop a rsi or stoch on. sue me.

I have never been in a professional trading room so I wouldn't know, but from what I can gather with forex..

RSI, maybe stoch and fibs are all that is pretty much used in said rooms.
There are exceptions to every rule though and I know nothing about anything. I met a guy who runs a hedge and I gathered he ran an algo box trading system so... if that counts..


IMO which is coming from nobody the issue here is :

Skunny is a reformed indicator addict who had a big "aha" moment and is trying to help fellow traders and I guess a lot of people use indicators from reading this forum and it(IMO) really obscures the essence of trading.

Learn to trade then if you want smack some indicators on there to help out at that point in time you can prolly make them yourself.

I think the issue is blindly using indicators with no clue as to why things work. NOT that indicators don;t work and are for newbies.

it all boils down to knowing the fundamentals and putting in the work to learn.

Saying you are a trader and blindly using Indicators (to me) is like calling yourself a mathmetician because you know how to use a super fancy calculator . Both individuals have little concept as to why things are the way they are and are prolly going to lead a confusing and middling career path.

Seriously look at the people who invented the indicators it was an articulation of they way they already traded and saw the market and used as a tool of a mastercraftsman for efficiency.

I hypothesize, that if you know HOW to trade you can trade anything with no indicators. I am confidant I could trade mongolian yak snot futures if I wanted.

This thread (to me) is the snip snap snurr because I never really looked at indicators or Fibs( it looked like guesstimation)

I always keep a traders mind about things though and I stumbled on to this thread having never really been exposed to Fibs in practice and I just went with the flow.

It was serendipitous and came at the right time in my trading and for that I am grateful. It might be the articulation/confirmation of theories on had on this market from my own work

I am in the theoretical phase but if it works my trading will become sharper with the addition. If not my trading will still be sharp and I will have gotten out of my box for a second. Win win.


Do you really think if people learned how to trade there would be this horrendeous attrition level? Trading is as easy as falling off a log if you let be again... IMO. I thank god I never learned using indicators NOT that there is anything wrong with them IF you know how and why they work.


just one sizz's opinion.


Sizz
  • #534
  • Dec 20, 2007 8:35am Dec 20, 2007 8:35am
I applaud Skunny's attempt to encourage traders to learn to see the things that Price Action is telling you. Miyagi had a very annoyed karate student, as he was teaching him by making him wash and wax the car.
In the end, Daniel won the tournament, got the girl, and oh yeah.... didn't Miyagi give him the car?

Speaking of which; Skunny, if I washed and waxed your bundle of 200 indicators, would you consider giving them to me?

didn't think so..... I know you are generous, just not that generous.

waldo
  • #535
  • Dec 20, 2007 8:47am Dec 20, 2007 8:47am
Quoting ktrade
This is quite the annoying thread. OH BOY - NOT INDICATORS! THOSE ARE FOR NEWBIES. Skunny... please! Very easy to tell all are quite new to the biz. This is something you see every so often like a sick cycle with new traders: "Indicators are useless, indicators are for novices, indicators are yada yada yada"!

I have NEVER been in a professional trading room where indicators are not used (and quite extensively in most). Hard to understand here on a forum where about 99% aren't really trading with most being afraid to speak out on a silly thread such as this one with the big surprise coming.
Sorry guys - when you spend enough serious time trading, it's the threads and info like these (and most on these forums) are silly nonsense.

I trade simple S/R charts for a living but very big on a few basic stock indicators. It's so much simpler than this author here is leading most to believe.

Nevertheless, cheers and good luck/good trading to all,

kt
Before I go for the day I thought it was important to say to those that haven't read the entire thread. I never said these ignorant statements. If somehow I implied anything as nasty as what "ktrade" has suggested about his own feelings of "newbies" I apologize as it was not my intention. Every step you take in forex is important especially the indicator phase. There isn't an indicator I've used other than momentum that can tell you something you can't figure out on your own (with practice of course)(that is relevant to success anyway). You can trade any indicator when you learn how to trade. Good luck everyone!
Robonacci com
  • #536
  • Dec 20, 2007 8:49am Dec 20, 2007 8:49am
Quote
2. Price action and a calibrated tool can be used to predict these target points (see quote below). The "calibrated tool" is a Fibo retracement (that includes the upper and lower 138.2 and 161.8 levels). IF the Fibo(s) are drawn using the correct base (0/100) points, then the retracement levels fixed by the Fibo have predictive value, in that they will accurately signpost these target prices in advance of price reaching them.

When/how does one know the correct base?
  • #537
  • Dec 20, 2007 9:11am Dec 20, 2007 9:11am
This sounds like a guy trying to make a buck and over hype himself.

Quote
Here is the other 99%. This where you make all the money (or where I'll make all the money). Here is a chart that will make you a million dollars. I created a website in which I charge $500/m to each member (1 year prepay) to help you make your million. The great thing about this"new" system is you can change it (everyday if you want to). That's right people, when you have a bad trade it will be the direct result of NOT having that special indicator on your chart that would have saved you! I have that indicator, in fact, I have over 200 to choose from.
  • #538
  • Dec 20, 2007 9:13am Dec 20, 2007 9:13am
Quoting Forex-Futures
This sounds like a guy trying to make a buck and over hype himself.
You know this was humor, right?
  • #539
  • Dec 20, 2007 9:14am Dec 20, 2007 9:14am
Anyone have the viscosity indicator for Mongolian Yak Snot??? I can't seem to find it in my tool kit.
  • #540
  • Dec 20, 2007 9:15am Dec 20, 2007 9:15am
Quoting Pipskateer
Anyone have the viscosity indicator for Mongolian Yak Snot??? I can't seem to find it in my tool kit.
Is there anything MT4 can't do???
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