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Indicator Free Trading - Skunny

  • #1,461
  • Jan 10, 2008 5:39am Jan 10, 2008 5:39am
Hey, I see Bo has hijacked my thread The Man? What is this? Part of some chant you guys have been yelling while I was gone? Bo's the man, Bo's the man, Bo's the man. in some sort of party atmosphere.

I leave for one day.....ONE DAY I say.

Fine, I'm gonna take my ball and go home. It even brought Shootist out of downtown Snipperville for a few shots at me. That's it, no more fibs for me. If you guys want to learn from a guy that drives a donkey to work......then so be it.

This thread was started for the sole purpose of stroking my ego and now Bo's the man? Well I never!

I guess I'll move on to wedgies or something. Speaking of wedgies..............
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  • #1,462
  • Jan 10, 2008 5:44am Jan 10, 2008 5:44am
Quoting Skunny
I guess I'll move on to wedgies or something. Speaking of wedgies..............
Maybe today I should go shopping and buy a cheap geometry set, take out the protractor and put it up to the monitor to figure out your secret angles on those lines...
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #1,463
  • Jan 10, 2008 5:56am Jan 10, 2008 5:56am
Hey, I see Bo has hijacked my thread The Man? What is this? Part of some chant you guys have been yelling while I was gone? Bo's the man, Bo's the man, Bo's the man. in some sort of party atmosphere.

I leave for one day.....ONE DAY I say.

LOL....I guess its the "When the cats away, the mice will play" syndrome
.....or maybe something to do with that picture that you posted! http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #1,464
  • Jan 10, 2008 5:57am Jan 10, 2008 5:57am
Quoting Thexder
Maybe today I should go shopping and buy a cheap geometry set, take out the protractor and put it up to the monitor to figure out your secret angles on those lines...

That won't help you, they change......oooh oooh aaaah aaaah: Only I have the magic formulaaa aaah aaah aaah.
Robonacci com
  • #1,465
  • Jan 10, 2008 6:04am Jan 10, 2008 6:04am
Quoting Islander
Hey, I see Bo has hijacked my thread The Man? What is this? Part of some chant you guys have been yelling while I was gone? Bo's the man, Bo's the man, Bo's the man. in some sort of party atmosphere.

I leave for one day.....ONE DAY I say.

LOL....I guess its the "When the cats away, the mice will play" syndrome
.....or maybe something to do with that picture that you posted! http://www.forexfactory.com/images/icons/icon12.gif
You saw the picture.......I thought I asked you to look away
Robonacci com
  • #1,466
  • Jan 10, 2008 6:15am Jan 10, 2008 6:15am
Thank you Skunny for your efforts.
Sorry for English
I' m following this thread from very beginning I like your wedgies
It looks like that if I got good Fib I can produce nice wedgie?
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it's o'k to win ...
  • #1,467
  • Jan 10, 2008 6:20am Jan 10, 2008 6:20am
Ok now that I have figured out your gann lines - and how to make nice little wedges - its time to go to vhands and see how they assist you in your trading - I can already see they provide an area for expected market activity for the week.
I make money anywhere in the world by taking orders
  • #1,468
  • Jan 10, 2008 6:24am Jan 10, 2008 6:24am
Quoting Thexder
Maybe today I should go shopping and buy a cheap geometry set, take out the protractor and put it up to the monitor to figure out your secret angles on those lines...
Got your protractor Thex? Or did you get side tracked to the fermented grape store? Here is a new one for ya. might make it easier for you to measure.
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  • #1,469
  • Jan 10, 2008 6:33am Jan 10, 2008 6:33am
Hi All,

This looks like a good thread. I dont use any indicators (now) at all. I have been through the whole indicator thing and they just dont work for me. My biggest trading weapon these days is patience!!!!!!! If you want to buy a new pair of shoes, you dont go to the most expensive shop do you? Look for the bargains, and enter at the price YOU want.

Good luck all and keep up this great thread!

Shinny
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #1,470
  • Jan 10, 2008 6:35am Jan 10, 2008 6:35am
Quoting SedonaPipper
Ok now that I have figured out your gann lines - and how to make nice little wedges - its time to go to vhands and see how they assist you in your trading - I can already see they provide an area for expected market activity for the week.
That was a quick study You're making me feel bad. You got what took me 1yr to figure out in a few moments. Do you need a business partner? Maybe it's the way I presented the info?....yeah, that's it


Good job
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  • #1,471
  • Jan 10, 2008 6:41am Jan 10, 2008 6:41am
now I get to play with gann lines instead of solitare - lets me tell my wife hey I am doing something to make money instead of wasting my time. The fun part is seeing if these lines actually help me with what I already do or just add a bunch of lines on the chart so it looks pretty. I have hope because the fib extensions are helping me with two of my plays. For that I am thankfull.
I make money anywhere in the world by taking orders
  • #1,472
  • Jan 10, 2008 6:43am Jan 10, 2008 6:43am
Quoting Skunny
That was a quick study You're making me feel bad. You got what took me 1yr to figure out in a few moments. Do you need a business partner? Maybe it's the way I presented the info?....yeah, that's it


Good job
Yep I think thats it too, LOL
  • #1,473
  • Jan 10, 2008 6:47am Jan 10, 2008 6:47am
Quoting SedonaPipper
now I get to play with gann lines instead of solitare - lets me tell my wife hey I am doing something to make money instead of wasting my time. The fun part is seeing if these lines actually help me with what I already do or just add a bunch of lines on the chart so it looks pretty. I have hope because the fib extensions are helping me with two of my plays. For that I am thankfull.

Well, the truth is anyone can draw lines on the chart (just like fibs) it's creating a trade from it that was the hard part for me. The problem with any angled trend lines is that it's time sensitive. This creates issues with any enter/exits while your away from the charts. Let me know what you figure out.
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  • #1,474
  • Jan 10, 2008 6:51am Jan 10, 2008 6:51am
Quote
Well, the truth is anyone can draw lines on the chart (just like fibs) it's creating a trade from it that was the hard part...
Nuggets of Gold people.
Carpe Divitiae
  • #1,475
  • Jan 10, 2008 6:55am Jan 10, 2008 6:55am
Quoting Skunny
Well, the truth is anyone can draw lines on the chart (just like fibs) it's creating a trade from it that was the hard part for me. The problem with any angled trend lines is that it's time sensitive. This creates issues with any enter/exits while your away from the charts. Let me know what you figure out.
I can see already that it is more than lows and highs though I have some things germinating in my mind at the moment. Will take some time though. I suspect that the gbp will stop around 1.9560 or break down to the 1.9500 area give or take a few pips. This is based on my first read of one way to use the lines.
I make money anywhere in the world by taking orders
  • #1,476
  • Jan 10, 2008 7:24am Jan 10, 2008 7:24am
Something I wanted to suggest before, but I forgot until now.

For the sake of better learning (not trading) let's stick to one or two currency pairs for discussion. With all the different charts that get posted I just don't have the time do all the necessary analysis - to give good advice. What has been discussed here works on everything traded.

Since some are interested in Bo's trading system we should use G/U and maybe E/J as well.

Any thoughts?
Robonacci com
  • #1,477
  • Jan 10, 2008 7:27am Jan 10, 2008 7:27am
Quoting Skunny
Well, the truth is anyone can draw lines on the chart (just like fibs) it's creating a trade from it that was the hard part for me. The problem with any angled trend lines is that it's time sensitive. This creates issues with any enter/exits while your away from the charts. Let me know what you figure out.
As I understand it, Gann's work is very time sensitive and to attempt any correct use requires charts to be correctly scaled - i.e. a fixed relationship between each unit of time vs each unit of price. For this you need a program like Wave 59 in which you can fix your price / time relationship - even count time in degrees of the rotation of the earth if you wish - and then determine the correct relationship for each contract that you trade.

When a chart is correctly scaled the gann indicators, geometrical shapes, fibonnaci vortexes etc will work consistantly and accurately. Without, we are unable to "square price with time" and thus unable to benefit from Ganns work.

I'm all ears for any clues as I've tried it and not been able to make it work for me.
Trading Levels with WRBs
  • #1,478
  • Jan 10, 2008 7:34am Jan 10, 2008 7:34am
Quoting Skunny
Something I wanted to suggest before, but I forgot until now.

For the sake of better learning (not trading) let's stick to one or two currency pairs for discussion. With all the different charts that get posted I just don't have the time do all the necessary analysis - to give good advice. What has been discussed here works on everything traded.

Since some are interested in Bo's trading system we should use G/U and maybe E/J as well.

Any thoughts?
Might it be better just to stay with the major pairs rather than any crosses?

I would suggest GU and UJ as that allows us to interpolate GJ - adding € would allow the same for EJ.
Trading Levels with WRBs
  • #1,479
  • Jan 10, 2008 7:35am Jan 10, 2008 7:35am
Quoting Skunny
Something I wanted to suggest before, but I forgot until now.

For the sake of better learning (not trading) let's stick to one or two currency pairs for discussion. With all the different charts that get posted I just don't have the time do all the necessary analysis - to give good advice. What has been discussed here works on everything traded.

Since some are interested in Bo's trading system we should use G/U and maybe E/J as well.

Any thoughts?
Sounds good to me! Thanks Scunny.
  • #1,480
  • Jan 10, 2008 7:46am Jan 10, 2008 7:46am
Quoting Islander
As I understand it, Gann's work is very time sensitive and to attempt any correct use requires charts to be correctly scaled - i.e. a fixed relationship between each unit of time vs each unit of price. For this you need a program like Wave 59 in which you can fix your price / time relationship - even count time in degrees of the rotation of the earth if you wish - and then determine the correct relationship for each contract that you trade.

When a chart is correctly scaled the gann indicators, geometrical shapes, fibonnaci vortexes etc will work consistantly and accurately. Without, we are unable to "square price with time" and thus unable to benefit from Ganns work.

I'm all ears for any clues as I've tried it and not been able to make it work for me.
You either need to scale your chart or scale your tool for the chart. I don't use Gann for what Gann necessarily intended. I've taken the knowledge and applied it in a thousand different ways until I picked up on how I could apply the tool. Just like fibs, if you waste all your time trying to find loads of information on Fibonacci itself your missing the boat IMO. It's about applying the tool. Fibonacci and Gann ideals are a fact and will never change, but it's not a system of how to trade it.

Did I make any sense?

Probably not...lol wouldn't be the first time.
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