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Indicator Free Trading - Skunny

  • #1,201
  • Edited 4:23pm Jan 6, 2008 4:14pm | Edited 4:23pm
I have been not sleeping for a while and doing some intense study

I want to throw this out here on the geppy For to not trade but for discussion

I am using a little fuzzy tp within 4-8 pips( round numbers normally) BUT

we are headed IMO I THINK IMWO to 213.37 or 213.40 ftp (fuzztp)

then to 212.56 or 212.60 ftp

then to 212.04 or 212.10 ftp



BUT here is the twist I am working on s/r and retrace theory and I THINKKKK
.... lets see if it bears out...

that IF we bounce on 212.37 we are going to 215.23 (215.20 ftp) and MIGHT continue on to 215.44 (215.40 ftp) THEN down to 212.56 (212.60 ftp)

I am really fuzzy but lets see. I am "sure" about my down side target but I am working to define dynamic range and motion within said range based on historical data.

I tend to be super critical and overdo it sooooo I guess i can keep it simple because I am , in fact stupid I am only confidant in my SHT TP levels but we have a lot of downside to this past those if I am in the ball park. fun fun fun

Sizz.


EDIT I have seen this in charts and in the market and is based on price action IF it bears out then you could truly just dance with the market and be in it continuously.... and flawlessly... of course your mind would explode.. but hey...I wasn;t using mine anywho
  • #1,202
  • Jan 6, 2008 5:23pm Jan 6, 2008 5:23pm
Quoting piphitman
A recent Gallup poll has respondents in favor of Saint Hood for "Skunny" holding steady at a 61.8% approval rating.

Can't be a saint if you're still alive. Tough gig.
  • #1,203
  • Jan 6, 2008 5:36pm Jan 6, 2008 5:36pm
Quoting Ted1983
Can't be a saint if you're still alive. Tough gig.
Its gonna be hard for Skunny to be a saint anyway, he has trouble just getting his slide ruler out of his pocket protector without falling out of his lazyboy.
  • #1,204
  • Jan 6, 2008 5:46pm Jan 6, 2008 5:46pm
Quoting Bobokus
Its gonna be hard for Skunny to be a saint anyway, he has trouble just getting his slide ruler out of his pocket protector without falling out of his lazyboy.

hehehe a man after my own heart
  • #1,205
  • Jan 6, 2008 5:49pm Jan 6, 2008 5:49pm
Quoting Ted1983
Can't be a saint if you're still alive. Tough gig.
So says the Pope...but he's not really in charge of that gig...thankfully.
  • #1,206
  • Jan 6, 2008 6:15pm Jan 6, 2008 6:15pm
Quoting GridTrader
Hi macbow. Thanks for replying. I'm not trying to tear into your chart so much but it was one here that raised some questions. Nothing negative of course. I hope you see that. Your first GJ Chart fibbed many more candles than your last chart post and more than the one I posted of your chart. Your first trade worked out very well. In fact there are many before it that worked too. Just trying to understand why I shouldn't of taken the trade that failed. What was wrong with it. Could it be because it was taken off the daily and not the hourly (different time zones give different candle readings)?

Yes it does help. Everything you say does:. Now what is written in bold above is another golden bit of info., but this seems to be where I am having difficulty as the chart below will show. So lets take a look at it once more. The 100 level was breached, but the trade failed.
Because you wouldn't enter that trade near the end of another cycle, like I show here. It is crucial when looking at higher time frames to know where you are in the larger scheme of things. Especially if you are going to trade with large stops

Does this answer it?
Attached Image (click to enlarge)
Click to Enlarge Name: gy10.gif Size: 20 KB
Robonacci com
  • #1,207
  • Jan 6, 2008 6:21pm Jan 6, 2008 6:21pm
Quoting GridTrader
Hi macbow. Thanks for replying. I'm not trying to tear into your chart so much but it was one here that raised some questions. Nothing negative of course. I hope you see that. Your first GJ Chart fibbed many more candles than your last chart post and more than the one I posted of your chart. Your first trade worked out very well. In fact there are many before it that worked too. Just trying to understand why I shouldn't of taken the trade that failed. What was wrong with it. Could it be because it was taken off the daily and not the hourly (different time zones give different candle readings)?

Yes it does help. Everything you say does:. Now what is written in bold above is another golden bit of info., but this seems to be where I am having difficulty as the chart below will show. So lets take a look at it once more. The 100 level was breached, but the trade failed.
And here is the larger picture.....coincidence?
Attached Image (click to enlarge)
Click to Enlarge Name: gy11.gif Size: 20 KB
Robonacci com
  • #1,208
  • Jan 6, 2008 6:25pm Jan 6, 2008 6:25pm
Quoting Pipskateer
So says the Pope...but he's not really in charge of that gig...thankfully.

I like the Pope. Coz the Pope smokes dope!
  • #1,209
  • Jan 6, 2008 6:28pm Jan 6, 2008 6:28pm
Quoting Skunny
And here is the larger picture.....coincidence?

great stuff skunny as always! thanks! my biggest question right now is looking at your geppy chart.... when how do you start a new fib after such a well rounded completion? must we go to even higher timeframe then????

or maybe an even lower one? this is where i am lost personally.....

  • #1,210
  • Jan 6, 2008 6:37pm Jan 6, 2008 6:37pm
Quoting dagoods
great stuff skunny as always! thanks! my biggest question right now is looking at your geppy chart.... when how do you start a new fib after such a well rounded completion? must we go to even higher timeframe then????

or maybe an even lower one? this is where i am lost personally.....

No, you should have at least 2 fibs running on your chart at all times. There are other active fibs from smaller moves. Typically, but not always, I'll start a new fib from the ext if it hits to the pip or a little short. If it goes over that area I've got some work to do.
Robonacci com
  • #1,211
  • Jan 6, 2008 6:55pm Jan 6, 2008 6:55pm
Quoting TradeStar
My understanding was to draw from closest resistance for Short.
Thanks
Yes, that's true. But you can't jump into the middle of a chart and just pull fibs, you need to go back in time (not way back) and fib all the movements up until where you fibbed to understand where the price sits in relation to the new fib you selected to draw.
Robonacci com
  • #1,212
  • Jan 6, 2008 6:55pm Jan 6, 2008 6:55pm
Quoting Skunny
No, you should have at least 2 fibs running on your chart at all times. There are other active fibs from smaller moves. Typically, but not always, I'll start a new fib from the ext if it hits to the pip or a little short. If it goes over that area I've got some work to do.

two fibs! oh my goodness! wait a sec!

this is way too confusing i'm going to start sownloading more indicators dang it! the MUST be an indicator somewhere that will work!!!!!!!




but seriously now, what two fibs? if we are trading off of 1 hour as you suggest, we pull fibs off of 1 hour only???? an up fib and a down fib?

call me dumb call me stupid call me ignorant call me pathetic.... but I dont get it!


help!!!!!!!!!!! aghhhhhhhhhhhhhhhhhh!!!!
  • #1,213
  • Jan 6, 2008 6:57pm Jan 6, 2008 6:57pm
Quoting dagoods
two fibs! oh my goodness! wait a sec!

this is way too confusing i'm going to start sownloading more indicators dang it! the MUST be an indicator somewhere that will work!!!!!!!




but seriously now, what two fibs? if we are trading off of 1 hour as you suggest, we pull fibs off of 1 hour only???? an up fib and a down fib?

call me dumb call me stupid call me ignorant call me pathetic.... but I dont get it!


help!!!!!!!!!!! aghhhhhhhhhhhhhhhhhh!!!!
I figured I would freak you out
Robonacci com
  • #1,214
  • Jan 6, 2008 7:04pm Jan 6, 2008 7:04pm
Quoting dagoods
two fibs! oh my goodness! wait a sec!

this is way too confusing i'm going to start sownloading more indicators dang it! the MUST be an indicator somewhere that will work!!!!!!!




but seriously now, what two fibs? if we are trading off of 1 hour as you suggest, we pull fibs off of 1 hour only???? an up fib and a down fib?

call me dumb call me stupid call me ignorant call me pathetic.... but I dont get it!


help!!!!!!!!!!! aghhhhhhhhhhhhhhhhhh!!!!
This isn't so bad.....is it?
Attached Image (click to enlarge)
Click to Enlarge Name: gy12.gif Size: 14 KB
Robonacci com
  • #1,215
  • Jan 6, 2008 7:09pm Jan 6, 2008 7:09pm
Quoting dagoods
two fibs! oh my goodness! wait a sec!

this is way too confusing i'm going to start sownloading more indicators dang it! the MUST be an indicator somewhere that will work!!!!!!!




but seriously now, what two fibs? if we are trading off of 1 hour as you suggest, we pull fibs off of 1 hour only???? an up fib and a down fib?

call me dumb call me stupid call me ignorant call me pathetic.... but I dont get it!


help!!!!!!!!!!! aghhhhhhhhhhhhhhhhhh!!!!
I must have scared you to an indicator thread....LOL
Robonacci com
  • #1,216
  • Jan 6, 2008 7:17pm Jan 6, 2008 7:17pm
Quoting Skunny
I must have scared you to an indicator thread....LOL

ok ok i guess it isnt that scary lol thanks skunny!!!!! by the way did i mention

you rule! (still)
  • #1,217
  • Edited 7:39pm Jan 6, 2008 7:24pm | Edited 7:39pm
Quoting dagoods
ok ok i guess it isnt that scary lol thanks skunny!!!!! by the way did i mention

you rule! (still)

hey skunny....this may not be on topic of your thread but i noticed you said you do not care about supply and demand..... IMHO if you were to check out tom demarks definition of supply and demand in his books... you may see they are based on fibs.... and seem to line up prety exact with what you are teaching here....( just dont want other new people to ignore things like trend and trendlines which IMHO are important.... thanks again!

let me rephrase that..... do you oh master of the forex universe oh wise one .... oh nominated potetial posthumous saint ...oh uh...cant think of anymore ....do you think (like almost all systems teach) that trading with the trend for us new(relatively) people that trading with the trend is important?
  • #1,218
  • Jan 6, 2008 8:04pm Jan 6, 2008 8:04pm
Quoting Skunny
Because you wouldn't enter that trade near the end of another cycle, like I show here. It is crucial when looking at higher time frames to know where you are in the larger scheme of things. Especially if you are going to trade with large stops
Quoting Skunny
No, you should have at least 2 fibs running on your chart at all times. There are other active fibs from smaller moves. Typically, but not always, I'll start a new fib from the ext if it hits to the pip or a little short. If it goes over that area I've got some work to do.
Quoting Skunny
Yes, that's true. But you can't jump into the middle of a chart and just pull fibs, you need to go back in time (not way back) and fib all the movements up until where you fibbed to understand where the price sits in relation to the new fib you selected to draw.
Thank you. I'm glad I asked the questions I did, as your answers above seem to unravel another part of valuable information that I needed. So always... or in "most cases", fib the past to find what worked, and then look to draw our new fibs from the extensions? Am I reading this correctly, or am I still out in left field? Or center field, first base,... maybe second??
The market is like the matrix - it is you that must learn to bend
  • #1,219
  • Jan 6, 2008 9:02pm Jan 6, 2008 9:02pm
Quoting dagoods
hey skunny....this may not be on topic of your thread but i noticed you said you do not care about supply and demand..... IMHO if you were to check out tom demarks definition of supply and demand in his books... you may see they are based on fibs.... and seem to line up prety exact with what you are teaching here....( just dont want other new people to ignore things like trend and trendlines which IMHO are important.... thanks again!

let me rephrase that..... do you oh master of the forex universe oh wise one .... oh nominated potetial posthumous saint ...oh uh...cant think of anymore ....do you think (like almost all systems teach) that trading with the trend for us new(relatively) people that trading with the trend is important?

LOL

Supply/demand or support/resistance is the same thing to me


When I say I don't care I mean................well, I don't care. Just kidd'n.

Let me rephrase that. It's not that I don't know about these other credible traders and their way of trading, be it trend lines, math calc or what not. You only need one good idea, then you expand on the idea and make yourself abide by the rules you've set. I understand Fibonacci and it's ultimate creator (he he). But all I need to focus on is how to apply the tool.

One idea may have 1000 rules to follow making it flawless ,another needs 500 and so on. Because my brain is soooooo small, I needed to figure out something that needed 10 or less. It should be a requirement that before you post a trading system you need to inform the potential users how many rules exist. The problem with that is the rules are in memory for most system creators, thus you don't find out until you've lost 10 weeks of time studying and back testing.

No offense intended with this comment; but when you see the same people in 100 different threads there is now way these traders can be focused whatsoever. (I've been there). Your brain will become a blender and you won't recognize a good trade until it's over - or worse, til it's almost over (after you enter and it reverses).

Why I said all that I have no idea
Robonacci com
  • #1,220
  • Jan 6, 2008 9:05pm Jan 6, 2008 9:05pm
Quoting Skunny
LOL

Supply/demand or support/resistance is the same thing to me


When I say I don't care I mean................well, I don't care. Just kidd'n.

Let me rephrase that. It's not that I don't know about these other credible traders and their way of trading, be it trend lines, math calc or what not. You only need one good idea, then you expand on the idea and make yourself abide by the rules you've set. I understand Fibonacci and it's ultimate creator (he he). But all I need to focus on is how to apply the tool.

One idea may have 1000 rules to follow making it flawless ,another needs 500 and so on. Because my brain is soooooo small, I needed to figure out something that needed 10 or less. It should be a requirement that before you post a trading system you need to inform the potential users how many rules exist. The problem with that is the rules are in memory for most system creators, thus you don't find out until you've lost 10 weeks of time studying and back testing.

No offense intended with this comment; but when you see the same people in 100 different threads there is now way these traders can be focused whatsoever. (I've been there). Your brain will become a blender and you won't recognize a good trade until it's over - or worse, til it's almost over (after you enter and it reverses).

Why I said all that I have no idea
You must have tried to get your slide ruler out of your pocket protector and fell out of your chair.
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