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Indicator Free Trading - Skunny

  • #721
  • Dec 26, 2007 11:22pm Dec 26, 2007 11:22pm
Piphitman,

AWESOME! soooweet. I think that is so cool. just out of curiosity what was the final outcome of those dubs?

ny fave us how fibs build into what i do right now too I mean how I trades works really well so if it ain't broke.

Sizz.


Quoting piphitman
Sizz,

great commentary.......

speaking of cycles within cycles.......

I was walking through a session of Vhands the other night on the daily time frame and was pausing it whenever I came across a DBHLC or DBLHC. Now under my old trading style/circumstances I would have just thought about trading off those bars as I saw them based on where the next bar was likely to go if it seemed logical to do so.

But now after taking to heart some of the things skunny has posted in regards to fib levels, I peel it back to the weekly fibs first, then I realized that some of those DBHLC and DBLHC bars on a daily chart that I was prepared to trade under the normal fashion were actually formed at the extreme higher end of the fib cycle for that week (138 or 162) which made me think twice about whether or not those were actually good price action bars to trade.

Now it may not be much of an ahaa moment for some but for "me" it was a clear "learning moment" when I realized that after seeing a DBLHC which formed at the upper most end of the 138 or 162 that it was easier to determine that it just wasn't going to have enough momentum to go any higher.
  • #722
  • Dec 26, 2007 11:34pm Dec 26, 2007 11:34pm
Quoting sizzler
Piphitman,

AWESOME! soooweet. I think that is so cool. just out of curiosity what was the final outcome of those dubs?

Sizz.
Most of those dubs will continue with their typical tendencies except the ones that were at the uppermost edges of the higher (138 162) fibs were getting snapped off.

I'm still learning all this PA stuff. After reading through the James16 thread I got my index cards all set up with all these PA figures (dblhc, dbhlc, bearish outside bars, bullish outside bars, two matching lows/highs, pin bars, etc, etc) so those are the PA formations I'm looking for and now this "realization" of the fibs from skunny is just another piece to the puzzle that I appreciate learning.
trading naked.......
  • #723
  • Dec 27, 2007 12:17am Dec 27, 2007 12:17am
Quoting kiwi_trader
Would you guys stop flooding this thread with charts of indicators please!

The thread is about awareness of price action not automation with mt.

Please take indicators and debates about sharing software somewhere else.
So it is ok to post charts with hand drawn fibs/sup/res but not ok to post computer generated fibs/sup/res? Just checking.
  • #724
  • Dec 27, 2007 12:45am Dec 27, 2007 12:45am
If you had posted 1 or 2 charts in passing I would not have commented.

But you flooded the thread. And automatic fibs all over the place are just another indicator = crutch = distraction from price action.

And then a (you decide if it was stupid) debate about giving away software started.

So, if you were posting one of your charts and you said "and I went/would have gone" long/short/fith at this point and blah blah blah. Or I learnt xxx that was relevant to what Skunny is saying "because/how/why" then it would seem to be in line with the thread.

Make sense?
  • #725
  • Dec 27, 2007 7:12am Dec 27, 2007 7:12am
Quoting piphitman
Sizz,

great commentary.......

speaking of cycles within cycles.......

I was walking through a session of Vhands the other night on the daily time frame and was pausing it whenever I came across a DBHLC or DBLHC. Now under my old trading style/circumstances I would have just thought about trading off those bars as I saw them based on where the next bar was likely to go if it seemed logical to do so.

But now after taking to heart some of the things skunny has posted in regards to fib levels, I peel it back to the weekly fibs first, then I realized that some of those DBHLC and DBLHC bars on a daily chart that I was prepared to trade under the normal fashion were actually formed at the extreme higher end of the fib cycle for that week (138 or 162) which made me think twice about whether or not those were actually good price action bars to trade.

Now it may not be much of an ahaa moment for some but for "me" it was a clear "learning moment" when I realized that after seeing a DBLHC which formed at the upper most end of the 138 or 162 that it was easier to determine that it just wasn't going to have enough momentum to go any higher.
Did you say Vhands on the daily chart?! The highest I can choose is 4hr.
  • #726
  • Edited 7:54am Dec 27, 2007 7:43am | Edited 7:54am
Price action:

Price penetrated the upper fib projection 114.62 (.618) and retreated.
  • #727
  • Dec 27, 2007 8:30am Dec 27, 2007 8:30am
Quoting SBrickman
Price action:

Price penetrated the upper fib projection 114.62 (.618) and retreated.
My, my. Are we having a widdy biddy temper tantrum?

Seriously SBrickman, you're charts and custom fib indicators are valuable and welcome. Just not so many of them please.

I don't know where you got the idea that you have to have anyone's permission to start your own thread. Just go ahead and do it. There will be many who will follow your posts, and I'll be one of them.

Thanks

You've been Fryed! ( With good humor of course)

Fred
You want Fryes with that?
  • #728
  • Dec 27, 2007 8:53am Dec 27, 2007 8:53am
Quoting Fryes
My, my. Are we having a widdy biddy temper tantrum?

Seriously SBrickman, you're charts and custom fib indicators are valuable and welcome. Just not so many of them please.

I don't know where you got the idea that you have to have anyone's permission to start your own thread. Just go ahead and do it. There will be many who will follow your posts, and I'll be one of them.

Thanks

You've been Fryed! ( With good humor of course)

Fred
No temper at all. I don't need my "own thread". That's ego. No place for ego in trading. It just seems that some people seem to get their panties in a bunch whenever someone posts "too many charts" which, of course, is their opinion. But these self appointed/annointed thread guardians usually have little or nothing to offer.
  • #729
  • Dec 27, 2007 8:57am Dec 27, 2007 8:57am
Quoting piphitman
Most of those dubs will continue with their typical tendencies except the ones that were at the uppermost edges of the higher (138 162) fibs were getting snapped off.

I'm still learning all this PA stuff. After reading through the James16 thread I got my index cards all set up with all these PA figures (dblhc, dbhlc, bearish outside bars, bullish outside bars, two matching lows/highs, pin bars, etc, etc) so those are the PA formations I'm looking for and now this "realization" of the fibs from skunny is just another piece to the puzzle that I appreciate learning.
Sorry if this is too elementary but..what is dblhc and dbhlc?
  • #730
  • Dec 27, 2007 9:20am Dec 27, 2007 9:20am
Quoting piphitman
Most of those dubs will continue with their typical tendencies except the ones that were at the uppermost edges of the higher (138 162) fibs were getting snapped off.

I'm still learning all this PA stuff. After reading through the James16 thread I got my index cards all set up with all these PA figures (dblhc, dbhlc, bearish outside bars, bullish outside bars, two matching lows/highs, pin bars, etc, etc) so those are the PA formations I'm looking for and now this "realization" of the fibs from skunny is just another piece to the puzzle that I appreciate learning.
Piphitman (or Steven Colbert in a barrell)

ding ding ding. Winnnah! You are on a great path. I mean seriously PA is cooler then a polar bears toe nails.

Now memner when Skunny was like Pin bars are the mutt's nuts, but not unless you know where they are.

Wait... things go together like voltron and no ONE thing is the answer??? hmmm....duh! how nifty.

I love pa like little kids love pizza ...hell like I love pizza! and my favorite part are patterns! love em.flags pennants channels

something like this can now happen:

... DBHLC with confirmation break of LC in triggering a bearish flag break and which using s/r and flow says it is going to go through a key fib 0 level meaning it is going to end up at least xyz. 400 pips lower aaaAHhhhAHHAHHaAHHHAAA oh yeah you may have a 10 pip sl on something like that..... hoo dilly! instead of waiting for the a+ trade set up wait for the a++++ set up. meh ve vill see.

makes the mind the blow . That is how I have been primarily looking to apply fibs to my trades Not to change what I do, but to add fibs to it for clarity.

I am testing my way to use fibs as the alpha and omega with pa as the ooey gooey center to be able to play ranges to perfection inside of my encompassing trade.

Sizz.
  • #731
  • Dec 27, 2007 9:29am Dec 27, 2007 9:29am
Quoting hnic828
Sorry if this is too elementary but..what is dblhc and dbhlc?
Dogs Barking Hate Laughing Cats it is a pa technique based on asian wisdom and teaching.

to paraphrase..

Lucy.... you gots some studying to dooo!!!!

From what I hear tell and from glancing around james16 IS ff's source for PA.

You might also want to go to the library( I know do we still have these??) or amazon and get to the root maybe start with pring. Your call. You might be able to find an ebook if your feeling sinister...

Sizz
  • #732
  • Dec 27, 2007 12:01pm Dec 27, 2007 12:01pm
Quoting sizzler
things go together like voltron Sizz.
Literally LOL. You're killin' me!
  • #733
  • Dec 27, 2007 12:11pm Dec 27, 2007 12:11pm
This is crude, needs tweaking, and doesn't belong here in the first place, but I post it only to illustrate the point that you have to consider where the chart patterns are or they are misleading, meaningless at best.

I started this when I started reading James 16 thread, and stopped work on it soon after, for obvious reasons.

Rob
Attached File(s)
File Type: mq4 James 16 patterns.mq4   9 KB | 1,101 downloads
  • #734
  • Dec 27, 2007 12:51pm Dec 27, 2007 12:51pm
Quoting hnic828
Sorry if this is too elementary but..what is dblhc and dbhlc?
I'd tell ya but that would be too ezee my kneeze....fosheezee.

go to the james16 thread of ForexFactory and read the entire thread, then read it again......there will be a DBHLC quiz afterwards.........we'll see you in about mid February.
http://www.forexfactory.com/showthread.php?t=2331
trading naked.......
  • #735
  • Dec 27, 2007 1:01pm Dec 27, 2007 1:01pm
Quoting hnic828
Sorry if this is too elementary but..what is dblhc and dbhlc?
Double Bar Low Higher Close
and
Double Bar High Lower Close
  • #736
  • Dec 27, 2007 1:30pm Dec 27, 2007 1:30pm
http://i18.tinypic.com/6ka8b5v.gif

PA... 4 hour candles USDJPY

Price barely penetrated the .618 fib projection at 114.62, retraced and penetrated the support at 113.96 but closed above that support, 2 candles ago.

Price penetrated the support at 113.96 and closed below that support with the low almost reaching the lower .618 fib projection at 113.53, 1 candle ago.
  • #737
  • Dec 27, 2007 2:31pm Dec 27, 2007 2:31pm
Quoting lowell
Double Bar Low Higher Close
and
Double Bar High Lower Close
Thank You Lowell!
Now, guys, see how easy that was.
  • #738
  • Dec 27, 2007 4:34pm Dec 27, 2007 4:34pm
LOL!!! You guys haven't master this yet? Relax, I'm just kidding. Thanks for keeping the thread clean while I was gone:. I know you have some questions, but I have real estate issues to deal with for a few days. I realized a long time ago that I can't do both at the same time, so I'll be back after the new year and I'll figure out where to go from there. Those that are vhands trading and noticing all kinds of fun stuff......you are going to be the winners. Those waiting for an easy solution for their success will likely be looking after 2008. Keep up the good work, by next year you won't need my help.(in a few days)


Sbrickman, cool charts, keep up the good work. That "moley quail" is getting closer
Robonacci com
  • #739
  • Dec 27, 2007 4:51pm Dec 27, 2007 4:51pm
Hey Skunny,
Good to see ya back. Take care of the important stuff, we'll be here testing until our eyes cross. I think mine have already. I am still missing a couple important keys evidently. Judging by my demo. :
  • #740
  • Dec 27, 2007 6:14pm Dec 27, 2007 6:14pm
Quoting SBrickman
I don't need my "own thread". That's ego. No place for ego in trading.
Nothing to do with ego, just a complimentary topic/subject which might be deal with more appropriately in a separate thread.
Darkness lies one inch ahead..
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