Indicator Free Trading - Skunny | Page 86 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to free indicator resources? indicator called from EA 7 replies

COT trading system with free indicator 297 replies

No Free Lunch but all the Free Coffee you can drink 736 replies

SWAP free, rollover free Broker? 15 replies

Attachments: Indicator Free Trading - Skunny
Exit Attachments

Indicator Free Trading - Skunny

  • #1,701
  • Jan 12, 2008 10:24am Jan 12, 2008 10:24am
Quoting 4X4EVER

Originally Posted by th_ngue21 I am happy with my current goal of +100% return a year. So I dont need to search 10 years long for a Holy Grail. Time wasting.

And oh yeah, +90% win ratio Holy Grail donīt exist...
endquote

1500 posts later and over 100 pages....do you guys agree with this statement now?
No, I don't and i'm sure th_ngue21 would also change his/her mind, if they saw Bobokus' stepson's +180% in 7 trading days!
Admittedly Bo does not appear to have taught him a conservative MM (yet).

Ian
  • #1,702
  • Jan 12, 2008 11:56am Jan 12, 2008 11:56am
Quoting ianf0ster
No, I don't and i'm sure th_ngue21 would also change his/her mind, if they saw Bobokus' stepson's +180% in 7 trading days!
Admittedly Bo does not appear to have taught him a conservative MM (yet).

Ian

He doesnt think he has to listen to me... he knows better and want to use his own MM...Im waiting it will bite him.
  • #1,703
  • Edited 3:33pm Jan 12, 2008 12:13pm | Edited 3:33pm
Let me stress to any new visitors to the thread....what I'm sharing with you here is NO SUBSTITUTE for literally reading this thread in it's entirety from page one to the end, where ever that turns out to be... There are many good posts in this thread by active contributors which will help YOU on your journey to Indicator Fee Trading heaven. It is also NO SUBSTITUTE for spending serious time using VHand to retrade the market...the more the better!! Just DO IT!!

I have compiled what I feel are Skunny's (and some others') most informative posts from this thread to this point. Hopefully, it will make your review process a bit easier and help you find some golden nuggets you may have missed or need reinforced from previous pages.

Even though this is a very small thing compared to what I've received from Skunny and the other participants of this thread, it is still my pleasure to be able to do something in return. My unending thanks to Skunny and everyone here!


EDIT: Files removed until I talk with Skunny
  • #1,704
  • Jan 12, 2008 12:59pm Jan 12, 2008 12:59pm
Thank you so much Pipskateer! I actually tried to do the same thing, but stopped after a few hundred posts. This will be great to print out and bring to work with me!
  • #1,705
  • Jan 12, 2008 1:03pm Jan 12, 2008 1:03pm
Quoting Bobokus
He doesnt think he has to listen to me... he knows better and want to use his own MM...Im waiting it will bite him.
Bo - would you care to elaborate as to why his MM was poor. Interested in your commentary.
  • #1,706
  • Jan 12, 2008 1:44pm Jan 12, 2008 1:44pm
Pipskateer,

Thanks much for your time and effort. I'm sure it will be a big help to those just arriving at the thread.
  • #1,707
  • Jan 12, 2008 2:00pm Jan 12, 2008 2:00pm
Quoting Pipskateer
Let me stress to any new visitors to the thread....what I'm sharing with you here is NO SUBSTITUTE for literally reading this thread in it's entirety from page one to the end, where ever that turns out to be... There are many good posts in this thread by active contributors which will help YOU on your journey to Indicator Fee Trading heaven. It is also NO SUBSTITUTE for spending serious time using VHand to retrade the market...the more the better!! Just DO IT!!

I have compiled what I feel are Skunny's (and some others') most informative posts from this thread to this point. Hopefully, it will make your review process a bit easier and help you find some golden nuggets you may have missed or need reinforced from previous pages.

Even though this is a very small thing compared to what I've received from Skunny and the other participants of this thread, it is still my pleasure to be able to do something in return. My unending thanks to Skunny and everyone here!


EDIT: Had to redo the PDF, the pages were backwards. Fixed now.
Pipskateer,

Thank you very much for the compilation, I have a suggestion, Instead of your great work being buried in page 114 of these thread that is blowing up by pages and pages each day, maybe Skunny can include your compilation in post #1 of this thread and then you/he can continually update as necessary as the journey goes along.

Once again thanks for all the work, it looks great.
trading naked.......
  • #1,708
  • Jan 12, 2008 2:07pm Jan 12, 2008 2:07pm
[quote=4X4EVER;1798675]Dagoods

AMEN, AMEN and Hallelujan! Sizz, I have PM'd you and you have kindly replied about this stuff here we are learning and I appreciate that so much... but sometimes your charts just blow my mind. Skunny said to keep it simple and although what you are posting may be simple to you, for guys like me who have LD then it seems like college algebra all over again and I failed that the first go around. Anyway, simple charts with simple guidelines would be of interest to me as I am sure others. Maybe another thread could be started entitled "indicator free trading for extremely dumb dummies" LOL. I am going to do more hands on training today with my virtual ones. Sizz, I admire your skills even though you humbly deny them. You certainly have a grasp of what's going on here. Anyway, simple is the better for me....isn't that the premise behind indicator free trading in the first place? Just my 2 ....



Man I am glad Dagoods spoke up I am embarassed!! live and learn!

Anywho ,humble my tookis you haven't seen me win in Madden. I have been known to do the superbowl shuffle among other things.

I am just a dude with a mouse..
Fibs are generally more complicated lines then I have on any active trade chart which is getting me

least you think I am putting you on here is proof:

If i traded UY 1h here is what it is( kind of a mess but smaller tf more precision) and my D1 UY chart as it stands. I internalize some junk , but this is pretty much the scope of it... bunch 'o' lines


I sincerely wish I had met Skunny a while back. but I am glad I met him when I did. I could post a million charts showing how bananas dynamite this is IMO, hence flippng out like a kid on xmas morning and insanely blessed to have stumbled on this thread. INSANELY. I would trade everything I know/don't know to start from fibs after what I have seen.

This to me is like being a sniper and finding out you had 1000x magnification when before you thought you were stuck with 50x.

I just want to learn what I can so I will tone down the content and frequency of chart posting and follow the trend. I am glad to be a part of this thread. ...so much so I get a little wonky some times

Sizz
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uy1h.gif Size: 15 KB
Click to Enlarge Name: uyd1.gif Size: 18 KB
  • #1,709
  • Jan 12, 2008 2:15pm Jan 12, 2008 2:15pm
[quote=sizzler;1798841][quote=4X4EVER;1798675]Dagoods



great chart sizz..... didnt mean for you to stop posting...quite the contrary... just was hoping you would stick to 1 or 3 pairs with a once a daily update so we can see when you were right on and leaarn from any mistakes with you.... rather than gold and the dow and then e/gdp and soybeans and Fruit Loops,... we just couldnt keep up...


how about uj and gu and ej like Skunny suggested? (with a little GJ thrown in too for me)
  • #1,710
  • Edited 2:19pm Jan 12, 2008 2:15pm | Edited 2:19pm
Quoting Skunny
You mean this trade?
Skunny

Regarding the chart posted #1191, looking at how you drew the fib, seeking that nuance of how to correctly draw a fib, you drew it to the support that formed after the 3 long candles, am I correct? But looking at it more why weren't the next 2 candles after the 3 long candles the first support?

Kathy
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #1,711
  • Jan 12, 2008 2:21pm Jan 12, 2008 2:21pm
Quoting galaxymom
Skunny

Regarding the chart posted #1191, looking at how you drew the fib, seeking that nuance of how to correctly draw a fib, you drew it to the support that formed after the 3 long candles, am I correct? But looking at it more why wasn't the next 2 candles the first support?

Kathy
That was actually the 3rd move of that fib (from what is on the chart) Although you could have fibbed it out from there, without understanding the previous moves you wouldn't know if it belonged there or not.
Robonacci com
  • #1,712
  • Jan 12, 2008 2:27pm Jan 12, 2008 2:27pm
Quoting Pipskateer
Who knew?? post #7....

Good one
Robonacci com
  • #1,713
  • Jan 12, 2008 2:37pm Jan 12, 2008 2:37pm
Quoting Pipskateer
Let me stress to any new visitors to the thread....what I'm sharing with you here is NO SUBSTITUTE for literally reading this thread in it's entirety from page one to the end, where ever that turns out to be... There are many good posts in this thread by active contributors which will help YOU on your journey to Indicator Fee Trading heaven. It is also NO SUBSTITUTE for spending serious time using VHand to retrade the market...the more the better!! Just DO IT!!

I have compiled what I feel are Skunny's (and some others') most informative posts from this thread to this point. Hopefully, it will make your review process a bit easier and help you find some golden nuggets you may have missed or need reinforced from previous pages.

Even though this is a very small thing compared to what I've received from Skunny and the other participants of this thread, it is still my pleasure to be able to do something in return. My unending thanks to Skunny and everyone here!


EDIT: Had to redo the PDF, the pages were backwards. Fixed now.


Thanks a mill Pipskadeer, Skunny and other valuable contributors. 32 Pages and counting to cherrish.

LL
  • #1,714
  • Jan 12, 2008 2:43pm Jan 12, 2008 2:43pm
Quoting Skunny
This isn't so bad.....is it?
Skunny, or anyone,

The target of the internal/slave fib is hit, but not of the larger one, so my understanding is that we would now advance the smaller fib so that the 100% would be on the target just reached and the 0% would be the 0% of the larger fib, which also appears to be support? Am I getting it? Sorry I know I'm behind the majority in this thread, but I'm trying to catch up.
Attached Image (click to enlarge)
Click to Enlarge Name: gy12.gif Size: 14 KB
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #1,715
  • Edited 3:14pm Jan 12, 2008 3:13pm | Edited 3:14pm
Skunny , I need to give you a Thumbs Up and One for Bo too for his thread .

I know how time consuming it can be to run a thread. It takes a lot of self sacrifice, though you say you enjoy teaching...so that's a good thing! Much appreciation goes out to your families as well, for allowing you to spend time here with us.

Thank you for your previous responses to my questions.

Q: When drawing fibs I notice sometimes you draw top to bottom and other times bottom to top. These charts are not how I would necessarily trade, just an example of what I mean when setting your fibs for plotting your take profit levels. I don't want to confuse...hope you understand this question. Both fibs in this case would of reached profit. Would it make sense to look for takeprofit 1st from the chart on the right, while keeping in mind price is also likely to hit the takeprofit of the chart on the left?

Thanks,
Jon
Attached Image (click to enlarge)
Click to Enlarge Name: tpfibs.gif Size: 19 KB
The market is like the matrix - it is you that must learn to bend
  • #1,716
  • Jan 12, 2008 3:20pm Jan 12, 2008 3:20pm
Quoting galaxymom
Skunny, or anyone,

The target of the internal/slave fib is hit, but not of the larger one, so my understanding is that we would now advance the smaller fib so that the 100% would be on the target just reached and the 0% would be the 0% of the larger fib, which also appears to be support? Am I getting it? Sorry I know I'm behind the majority in this thread, but I'm trying to catch up.
Skunny correct me if I am wrong. Galaxymom...personally I would look for the larger (peach colored) fib to hit it's take profit. The smaller fibs should be placed within the larger fibs and it's take profit level should not pass the boundaries of the larger fibs 138 ext.
The market is like the matrix - it is you that must learn to bend
  • #1,717
  • Jan 12, 2008 3:36pm Jan 12, 2008 3:36pm
Quoting GridTrader
Skunny , I need to give you a Thumbs Up and One for Bo too for his thread .

I know how time consuming it can be to run a thread. It takes a lot of self sacrifice, though you say you enjoy teaching...so that's a good thing! Much appreciation goes out to your families as well, for allowing you to spend time here with us.

Thank you for your previous responses to my questions.

Q: When drawing fibs I notice sometimes you draw top to bottom and other times bottom to top. These charts are not how I would necessarily trade, just an example of what I mean when setting your fibs for plotting your take profit levels. I don't want to confuse...hope you understand this question. Both fibs in this case would of reached profit. Would it make sense to look for takeprofit 1st from the chart on the right, while keeping in mind price is also likely to hit the takeprofit of the chart on the left?

Thanks,
Jon
You're welcome

Those fibs don't necessarily start there, they end there.
Robonacci com
  • #1,718
  • Jan 12, 2008 3:37pm Jan 12, 2008 3:37pm
Quoting PiPr Pro
Bo - would you care to elaborate as to why his MM was poor. Interested in your commentary.
Its his too loose, ive hinted how I would do it, but he has is own plan and I gotta let him learn his lessons.
  • #1,719
  • Jan 12, 2008 3:51pm Jan 12, 2008 3:51pm
Quoting GridTrader
Q: When drawing fibs I notice sometimes you draw top to bottom and other times bottom to top. These charts are not how I would necessarily trade, just an example of what I mean when setting your fibs for plotting your take profit levels. I don't want to confuse...hope you understand this question. Both fibs in this case would of reached profit. Would it make sense to look for takeprofit 1st from the chart on the right, while keeping in mind price is also likely to hit the takeprofit of the chart on the left?
Quoting Skunny
You're welcome

Those fibs don't necessarily start there, they end there.
Does that mean my question was confusing or not quite understood?
When taking a buy order it can be off a fib that was drawn top to bottom or bottom to top. Either one is ok, as long as it fits any earlier fibs?
The market is like the matrix - it is you that must learn to bend
  • #1,720
  • Edited 4:15pm Jan 12, 2008 4:02pm | Edited 4:15pm
Quoting GridTrader
Skunny correct me if I am wrong. Galaxymom...personally I would look for the larger (peach colored) fib to hit it's take profit. The smaller fibs should be placed within the larger fibs and it's take profit level should not pass the boundaries of the larger fibs 138 ext.
For what it's worth, I concur. The smaller fibs I would consider invalid after price hit its target. The larger fib is still due to hit it's target since there was penetration. But as always, there may be significant retrace before that occurs.
1 trader viewing now