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Indicator Free Trading - Skunny

  • #1,241
  • Edited 10:31pm Jan 6, 2008 10:20pm | Edited 10:31pm
Quoting Skunny
Sizz, you are a gas

Seriously, there isn't a worse time to trade. Markets are adjusting and preparing for the weekly direction.

Sorry, I haven't covered that part yet
oh hahahah I am gas ? hahaha hopefully serin nerve gas!!! I am managing a bad trade on the 5's and 1's with the dragon right now I guess I knew that..

Oh well...thanks for not rubbing it in, You are a true gentleman. FYI t anyone who hasn't danced with dragon on the 5's and 1's god bless ya.



EDIT Skunion that laughing lying down smiley is making me crazy mad. !!! You win hehehe When I look at my tradestation all I can see is him watching....laughing....judging... while I am working my tookis off to spin gold from crap

GRRR!!! hehehehe
I am not a smart man and I prove it to myself ery day! back to taking my money back I wish I could go to sleep!

you are right and I still respect the britches off of you.. I just am mad at myself I KNOW better. Good thing I know what I am doign or this would have been nasty! I am half way there.

Dragon Slayer.
  • #1,242
  • Jan 6, 2008 10:42pm Jan 6, 2008 10:42pm
Anybody who has been in a bad trade and had to fight their way back?


The most intense thing ever no? I ahve been fighting the dragon for gosh know how long.. I have half + my losses back but it is a Full time job...

PLan you trade and trade your plan... and don't plan bad trades.... and if Skunion makes fun of you punch him in the maw

Oh yeah I forgot to mention I am listening to chariots of fire while I am killing the dragon.


Young Frankenstein
  • #1,243
  • Jan 6, 2008 10:45pm Jan 6, 2008 10:45pm
Quoting sizzler
Anybody who has been in a bad trade and had to fight their way back?


The most intense thing ever no? I ahve been fighting the dragon for gosh know how long.. I have half + my losses back but it is a Full time job...

PLan you trade and trade your plan... and don't plan bad trades.... and if Skunion makes fun of you punch him in the maw

Oh yeah I forgot to mention I am listening to chariots of fire while I am killing the dragon.


Young Frankenstein
I sent you a pm YF, could you just post what pair and TP Sl and all that crap, so people can give a little confusing input
Robonacci com
  • #1,244
  • Jan 6, 2008 10:48pm Jan 6, 2008 10:48pm
Quoting sizzler
Anybody who has been in a bad trade and had to fight their way back?


The most intense thing ever no? I ahve been fighting the dragon for gosh know how long.. I have half + my losses back but it is a Full time job...
I'm hearin' you! I've been battling the A/J for about 4 days, I've been long all that time! So far I've pulled out about the same, half of my current potential loss but slowly crawling back.

I've been pulling some fib's here and there and they have been working pretty good so far for setting TP targets and re-entries.

I haven't had a chance to read the whole thread yet but thanks Skunny for making me think, I think I have picked up a very useful tool here.
For me it's looking for the end of a cycle (previous targets say) then pull the next fib, set targets etc. and wait

cheers,
Mick.
  • #1,245
  • Jan 6, 2008 10:51pm Jan 6, 2008 10:51pm
Just discovered this thread and have been totaly facinated. I started at page one and am only about half way through. I have learned so much already. Thanks Skunny (and others) for sharing your experience. I can't wait to finish reading the entire thread and catch up with the rest of you!
  • #1,246
  • Jan 6, 2008 10:58pm Jan 6, 2008 10:58pm
Quoting Trade4Cash
Just discovered this thread and have been totaly facinated. I started at page one and am only about half way through. I have learned so much already. Thanks Skunny (and others) for sharing your experience. I can't wait to finish reading the entire thread and catch up with the rest of you!

Welcome aboard, enjoy
Robonacci com
  • #1,247
  • Jan 6, 2008 11:00pm Jan 6, 2008 11:00pm
Quoting MickD
I'm hearin' you! I've been battling the A/J for about 4 days, I've been long all that time! So far I've pulled out about the same, half of my current potential loss but slowly crawling back.

I've been pulling some fib's here and there and they have been working pretty good so far for setting TP targets and re-entries.

I haven't had a chance to read the whole thread yet but thanks Skunny for making me think, I think I have picked up a very useful tool here.
For me it's looking for the end of a cycle (previous targets say) then pull the next fib, set targets etc. and wait

cheers,
Mick.
G'day mate, sounds like you are on track.
Robonacci com
  • #1,248
  • Jan 6, 2008 11:11pm Jan 6, 2008 11:11pm
You sure skun no laughing smiley face?

hehehe...... MMMM find you...MMM..


Anywho I planned on going to bed at 9 EST and now... I may see monday new york.... I blame your smiley face.... 12 est to 3 est is no mans land.... on a monday... gl gt to all. Good times..



LIke mist.
  • #1,249
  • Jan 6, 2008 11:13pm Jan 6, 2008 11:13pm
  •  itguy
  • | Joined Sep 2006 | Status: 110..220....Whatever it takes | 39 Posts
Skunny earlier you posted "we need to make sure you fib the closest resistance as the high if you are going short and the closest support if you go long" and on one of your screen caps you commented not to trust long wick'd bars as they can be inaccurate.

Most of your posted charts have fibs drawn from bar hi/lo values and not s/r. Are you more concerned when fibbing with price hi/lo values or area's of s/r?

If I use support or resistance instead of hi/lo's it appears to be more accurate at projecting potential targets.

Excellent thread by the way, I can slowly feel the weight of hundreds of indicators dropping off my back......
  • #1,250
  • Jan 6, 2008 11:15pm Jan 6, 2008 11:15pm
Quoting Skunny
G'day mate, sounds like you are on track.

i KNOW I AM GOING TO GET YELLED AT AGAIN AND IT PROBABLY MOST LIKELY WILL MAKE ME CRY AGAIN..... but

i thought i'd reread from page 1...and lo and behold skunny writes:

"I've opened this thread for quality conversations and debate about learning HOW to trade"

then he goes on to encourage us all to ask questions.... so in fear of getting spanked again and "against my better judgement" i do have to inquire?

as i'm not sure if my original question was answered? again i am stupid moronic, dumb and slow... half a retard even....but

does the trend matter? can we trade against the trend?

(DUCKING THE BLOW THAT MIGHT BE COMING)


  • #1,251
  • Jan 6, 2008 11:25pm Jan 6, 2008 11:25pm
Yes you can. Or not.



Quoting dagoods
i KNOW I AM GOING TO GET YELLED AT AGAIN AND IT PROBABLY MOST LIKELY WILL MAKE ME CRY AGAIN..... but

i thought i'd reread from page 1...and lo and behold skunny writes:

"I've opened this thread for quality conversations and debate about learning HOW to trade"

then he goes on to encourage us all to ask questions.... so in fear of getting spanked again and "against my better judgement" i do have to inquire?

as i'm not sure if my original question was answered? again i am stupid moronic, dumb and slow... half a retard even....but

does the trend matter? can we trade against the trend?

(DUCKING THE BLOW THAT MIGHT BE COMING)


  • #1,252
  • Jan 6, 2008 11:26pm Jan 6, 2008 11:26pm
Quoting dagoods

does the trend matter? can we trade against the trend?
I am but I don't recommend it

I'm using it to 'salvage' my position by trying to pick up/set targets on the swings of price action and larger moves using phi and its skew (61/38 ).
  • #1,253
  • Jan 6, 2008 11:31pm Jan 6, 2008 11:31pm
Quoting dagoods
i KNOW I AM GOING TO GET YELLED AT AGAIN AND IT PROBABLY MOST LIKELY WILL MAKE ME CRY AGAIN..... but

i thought i'd reread from page 1...and lo and behold skunny writes:

"I've opened this thread for quality conversations and debate about learning HOW to trade"

then he goes on to encourage us all to ask questions.... so in fear of getting spanked again and "against my better judgement" i do have to inquire?

as i'm not sure if my original question was answered? again i am stupid moronic, dumb and slow... half a retard even....but

does the trend matter? can we trade against the trend?

(DUCKING THE BLOW THAT MIGHT BE COMING)


Before I answer can you define a trend (as you see it)
Robonacci com
  • #1,254
  • Jan 6, 2008 11:32pm Jan 6, 2008 11:32pm
4 days? it won. sorry. long? why? may god have mercy on your soul that trade should be good middle of 08 .... you better be a legend to take that trade into proft..that is ballsy..Good on ya!

Sizz


Quoting MickD
I'm hearin' you! I've been battling the A/J for about 4 days, I've been long all that time! So far I've pulled out about the same, half of my current potential loss but slowly crawling back.

I've been pulling some fib's here and there and they have been working pretty good so far for setting TP targets and re-entries.

I haven't had a chance to read the whole thread yet but thanks Skunny for making me think, I think I have picked up a very useful tool here.
For me it's looking for the end of a cycle (previous targets say) then pull the next fib, set targets etc. and wait

cheers,
Mick.
  • #1,255
  • Edited 11:48pm Jan 6, 2008 11:38pm | Edited 11:48pm
Quoting Skunny
Before I answer can you define a trend (as you see it)

thats a great point.... and i guess exactly what i think whenever others tell me not to trade against the trend..... but.... if I had to define "overall" trend....methinks its a bit fundamentals and a bit like asking an 8 year old to look at a chart and tell me if its headed up or down..... sorta like this here chart....

I'm sure there are more precise definitons...maybe looking at multiple time frames?


but.... i guess i don't know those (see told ya i wuz ignorant!

BUT to take TD view (please dont hit me) trend is a bit different defined by LATEST supply/demand or as you like to say s/r so...... who knows....

thats why i am asking the master
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  • #1,256
  • Jan 6, 2008 11:48pm Jan 6, 2008 11:48pm
Quoting itguy
Skunny earlier you posted "we need to make sure you fib the closest resistance as the high if you are going short and the closest support if you go long" and on one of your screen caps you commented not to trust long wick'd bars as they can be inaccurate.

Most of your posted charts have fibs drawn from bar hi/lo values and not s/r. Are you more concerned when fibbing with price hi/lo values or area's of s/r?

If I use support or resistance instead of hi/lo's it appears to be more accurate at projecting potential targets.

Excellent thread by the way, I can slowly feel the weight of hundreds of indicators dropping off my back......
Hey Itguy, how you been? I know you have many indicators to release. But to answer your question, if you are finding what you need already, keep doing what your doing. There are candles that will represent the S/R and others that don't. The combo of the two makes for an easy find. It truly is a more complicated question than it appears. I've been up for 20 hrs now and I'm fading. Keep in touch
Robonacci com
  • #1,257
  • Jan 7, 2008 12:00am Jan 7, 2008 12:00am
Quoting dagoods
thats a great point.... and i guess exactly what i think whenever others tell me not to trade against the trend..... but.... if I had to define "overall" trend....methinks its a bit fundamentals and a bit like asking an 8 year old to look at a chart and tell me if its headed up or down..... sorta like this here chart....

I'm sure there are more precise definitons...maybe looking at multiple time frames?


but.... i guess i don't know those (see told ya i wuz ignorant!

BUT to take TD view (please dont hit me) trend is a bit different defined by LATEST supply/demand or as you like to say s/r so...... who knows....

thats why i am asking the master
A trend to me is - in whatever time frame I trade.

I'm not concerned about the trend in monthly if I'm trading hourly and so forth. There is countless pips to gather regardless of the trend. It is however advised by many to only take trades in the direction of the trend. But, do you know the trend? When it is turning? When it is retracing and how much? When I bog myself with this and add fundamentals and opinions - I'm never in a trade. If it trends I'm in it, if it ranges I'm in it. I don't really care as long as my chart says GET IN.
Robonacci com
  • #1,258
  • Jan 7, 2008 12:04am Jan 7, 2008 12:04am
Quoting Skunny
A trend to me is - in whatever time frame I trade.

I'm not concerned about the trend in monthly if I'm trading hourly and so forth. There is countless pips to gather regardless of the trend. It is however advised by many to only take trades in the direction of the trend. But, do you know the trend? When it is turning? When it is retracing and how much? When I bog myself with this and add fundamentals and opinions - I'm never in a trade. If it trends I'm in it, if it ranges I'm in it. I don't really care as long as my chart says GET IN.

great! that helps me tremendously! really! I have missed many great trades in fear of the BIG OLD SCARY TRENDMONSTER! I will be more confident now! so long as there is MM and SL i can take on that scary trendmosnter sometimes after all! woohoo! bring her on! (getting my singlet and headgear on)

if you know what that is lol! may i say just one more time YOU RULE!
  • #1,259
  • Jan 7, 2008 12:10am Jan 7, 2008 12:10am
I'm crash'n for a few hours, good luck guys.
Robonacci com
  • #1,260
  • Jan 7, 2008 3:21am Jan 7, 2008 3:21am
hi everyone
been a bit slow catching up to you all but such a great thread, day job takes up too much time!! missing out on all this fun.
decided to go back to start of thread but the charts you guys have posted are no longer there, help please.
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