Indicator Free Trading - Skunny | Page 96 | 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

  • #1,901
  • Jan 14, 2008 3:54am Jan 14, 2008 3:54am
Euro approaching targets on the daily chart. We have a confluence...err I mean CLUSTER at 1.4915 or so. Second chart is one I posted a few days ago.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro daily conf.gif Size: 11 KB
Click to Enlarge Name: euro daily fib confluence.gif Size: 14 KB
  • #1,902
  • Jan 14, 2008 3:55am Jan 14, 2008 3:55am
I saw the same penetration on the GU fib, even went down to the 5 min to see two penetrations, and thought about taking it long but just decided I wasn't "feeling" it on this pair on that trade. I kept looking at the G/Y and E/Y instead especially after the E/Y breakdown late last Friday after that good run up it had all week.

I'm kikn myself for not even looking at the UY........that oen moved before all the others.

did make a good short on the USD/CAD though.

GU is hangin tough tho right now, good luck on that one
trading naked.......
  • #1,903
  • Jan 14, 2008 4:03am Jan 14, 2008 4:03am
USDJPY is underrated. I happen to enjoy it. I guess its too boring for most. They seek fun, excitement and ulcers with GBPJPY...then again, so do I! I used to trade GOOG back in my stock trading days and I loved to trade the Russell when I was doing futures so GBPJPY is the closest thing I can get to that kind of thrill ride in Forex.
  • #1,904
  • Jan 14, 2008 4:07am Jan 14, 2008 4:07am
Quoting moneymagnet
i didnt take this, just learning but it looks perfect i think. any comments?
I agree - a nice set up.

For me, the failure on Friday at the 50% yellow fibo was a great short signal - but too late on a Friday for me to trade. Using that high gave the gold fibo and when it broke the 212.65 area - two low bars and < the 61.8 support - it was a great sell that has activated both the gold and the yellow projections.

Now I'm following the action on the 5 min chart to see where it goes. Statistically, the average range for the European session is currently around 190 pips, which targets the 210.80 area. That would line up with a spike under the 211 level to look for any stops around the 00 number. TWT
Attached Image (click to enlarge)
Click to Enlarge Name: jan 14 15m 0930.gif Size: 12 KB
Trading Levels with WRBs
  • #1,905
  • Jan 14, 2008 4:08am Jan 14, 2008 4:08am
I watch the GBP/JPY a lot but I've never traded it (yet) it just seems like the perfect "account buster". I'm only trading small 1/2 lots live and that pair looks like it would wipe me out.
trading naked.......
  • #1,906
  • Jan 14, 2008 4:15am Jan 14, 2008 4:15am
Quoting piphitman
I watch the GBP/JPY a lot but I've never traded it (yet) it just seems like the perfect "account buster". I'm only trading small 1/2 lots live and that pair looks like it would wipe me out.
For me, the great thing about trading GJ is also watching GU and UJ and being prepared to trade them as well - that way there's almost always some great opportunities during the European sesion. http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #1,907
  • Jan 14, 2008 4:42am Jan 14, 2008 4:42am
I started a vHands Tester on a arbitrary start date with what I consider aggressive $ management to test the draw down and time to double an account. To my surprise the account doubled in 10 trading days. I skipped a couple of trading days due to being unsure of the fib placement. Attached is the tester report in pdf file and the screen image of the trades.

I normally draw M15 fibs on GJ, but I stuck with H1 and it was much more simple.

Skunny - this is only a sample but if this keeps up after several hundred other tests I'll really be impressed. And, there were lots of other small swings to be traded during this time, but I kept things simple.
Attached Image (click to enlarge)
Click to Enlarge Name: PiPr Pro Fib Test.jpg Size: 71 KB
Attached File(s)
File Type: pdf PiPr Pro Fib Test.PDF   89 KB | 1,152 downloads
  • #1,908
  • Jan 14, 2008 5:04am Jan 14, 2008 5:04am
WOW!!!!!!!!!!!!!!!!!!!!!!!!

amazes me every single time!!!!!!!!!!!!!

FOREVER GRATEFUL O MASTER!!!!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gjskunny.gif Size: 20 KB
  • #1,909
  • Jan 14, 2008 5:11am Jan 14, 2008 5:11am
Hi

I think I just got a 3 touch trend line on GU 1 hr time frame. Am I crazy. I tought someone said it never happens.

Sorry maybe just me

Thanks
  • #1,910
  • Jan 14, 2008 5:14am Jan 14, 2008 5:14am
I sense a cable wedgie forming
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #1,911
  • Jan 14, 2008 5:20am Jan 14, 2008 5:20am
Quoting Thexder
I sense a cable wedgie forming
Me to but not sure how it works.

Thanks
  • #1,912
  • Jan 14, 2008 5:27am Jan 14, 2008 5:27am
HI traders,
I would throw out, since the PJ seems to be among the favorite currency pairs here and among many traders ( I wonder why?????) that we are at a very significant level (which some may already pointed out) but if you look at the weekly chart, we have retraced 38% of the move up from 148.19. Many of your charts are showing the completion of the 138 extensions right at that level.
Just my 2...

Good day to all,

Daniel
  • #1,913
  • Jan 14, 2008 5:36am Jan 14, 2008 5:36am
Just to add to my previous post...should we be looking for a possible rally? I have attached a monthly chart to show the 38% retracement of the LARGE move up and the 138 ext the swing that was pentratated a few months back and now has almost reached it's target. 109.70 ish is what I have. Any care to agree/disagree with my assumption that we could see a very significant bounce around this level? BTW, previous resistance is there as well.

Again, just my 2...

Daniel
Attached Image (click to enlarge)
Click to Enlarge Name: monthly gbpusd.gif Size: 20 KB
  • #1,914
  • Jan 14, 2008 5:49am Jan 14, 2008 5:49am
Quoting 4X4EVER
Just to add to my previous post...should we be looking for a possible rally? I have attached a monthly chart to show the 38% retracement of the LARGE move up and the 138 ext the swing that was pentratated a few months back and now has almost reached it's target. 109.70 ish is what I have. Any care to agree/disagree with my assumption that we could see a very significant bounce around this level? BTW, previous resistance is there as well.

Again, just my 2...

Daniel
Not sure but I think it should bounce right around now.
  • #1,915
  • Jan 14, 2008 6:00am Jan 14, 2008 6:00am
Quoting bronxterp
Euro approaching targets on the daily chart. We have a confluence...err I mean CLUSTER at 1.4915 or so. Second chart is one I posted a few days ago.
Target hit...well within a pip or two anyway
  • #1,916
  • Jan 14, 2008 6:04am Jan 14, 2008 6:04am
Quoting 4X4EVER
Just to add to my previous post...should we be looking for a possible rally? I have attached a monthly chart to show the 38% retracement of the LARGE move up and the 138 ext the swing that was pentratated a few months back and now has almost reached it's target. 109.70 ish is what I have. Any care to agree/disagree with my assumption that we could see a very significant bounce around this level? BTW, previous resistance is there as well.

Again, just my 2...

Daniel
Sorry not real sure which you mean GBP JPY is at 210 ish as your chart your price you ask about is 109 ish. Just not sure we are on same track.

Sorry for last post I meant GBP JPY
  • #1,917
  • Jan 14, 2008 6:19am Jan 14, 2008 6:19am
From earlier..."Now I'm following the action on the 5 min chart to see where it goes. Statistically, the average range for the European session is currently around 190 pips, which targets the 210.80 area. That would line up with a spike under the 211 level to look for any stops around the 00 number. TWT"

Right, the low so far is 210.73 and I've closed my shorts.

However, I may have been a little hasty - although pips in the bank is a golden rule for me!

With too much happening away from trading, I'd not looked at all of my UJ charts.....and now I see that UJ is very close to some very important support levels off its daily and weekly charts. The 107 - 107.12 area must hold as the next levels are over 500 pips lower - or 1,000pips for GJ!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jan 14 uj dly.gif Size: 9 KB
Click to Enlarge Name: jan 14 uj hrly.gif Size: 8 KB
Trading Levels with WRBs
  • #1,918
  • Jan 14, 2008 6:51am Jan 14, 2008 6:51am
Hey Guys/Gals,

I set some fib market orders and had a nice surprise this morning and got some old trades off the books...i picked the wrong night to miss London though;(

I stopped over thinking. I am pretty dense sometimes. a lot of times. KISS. Dur. Sh/Sl..Thanks Pipskateer for kicking my duff and setting me straight.

Anywho... are we doing or not doing Gann at all? I don't want to break stride. I have settings for UY and GY 1HR that work for ME. I will do the rest today or so. I am just banging out 1hrs for the thread.

Any extra verification is always welcome/wanted so if anyone is interested let me know and I will post them or PM them. I don;t know if these are "right" per se but the do look good to me and I could trade them and are based on whatever I have read about gann which ISN'T a ton at all. caveat emptor

These(IMO) are really just good for s/r trading. I am having issues on time predictivity...I don't know how fast things are going...I will try to figure it out I guess.


Sizz.
  • #1,919
  • Jan 14, 2008 7:36am Jan 14, 2008 7:36am
Quoting PiPr Pro
I started a vHands Tester on a arbitrary start date with what I consider aggressive $ management to test the draw down and time to double an account. To my surprise the account doubled in 10 trading days. I skipped a couple of trading days due to being unsure of the fib placement. Attached is the tester report in pdf file and the screen image of the trades.

I normally draw M15 fibs on GJ, but I stuck with H1 and it was much more simple.

Skunny - this is only a sample but if this keeps up after several hundred other tests I'll really be impressed. And, there were lots of other small swings to be traded during this time, but I kept things simple.
Hi PPP - an impressive result, especially as it does not involve any pyramiding and whilst 10K / lot is agressive, its not IMO totally OTT. Thanks for posting the file too, I'll look more closely when I get time.
Trading Levels with WRBs
  • #1,920
  • Jan 14, 2008 7:44am Jan 14, 2008 7:44am
Quoting sizzler
Hey Guys/Gals,

I set some fib market orders and had a nice surprise this morning and got some old trades off the books...i picked the wrong night to miss London though;(

I stopped over thinking. I am pretty dense sometimes. a lot of times. KISS. Dur. Sh/Sl..Thanks Pipskateer for kicking my duff and setting me straight.

Anywho... are we doing or not doing Gann at all? I don't want to break stride. I have settings for UY and GY 1HR that work for ME. I will do the rest today or so. I am just banging out 1hrs for the thread.

Any extra verification is always welcome/wanted so if anyone is interested let me know and I will post them or PM them. I don;t know if these are "right" per se but the do look good to me and I could trade them and are based on whatever I have read about gann which ISN'T a ton at all. caveat emptor

These(IMO) are really just good for s/r trading. I am having issues on time predictivity...I don't know how fast things are going...I will try to figure it out I guess.


Sizz.
Hi Sizz - thanks for your earlier post too. I'm interested in continuing work on Gann lines, but dont think we should do so here at present as we may be getting out of step with Skunny's teachings and program - and it is his thread!

If you and others are interested we could - say - post our Gann thoughts / charts in the old GBPJPY Analysis thread that is currently dormant.

What do you guys think?

http://www.forexfactory.com/showthre...16691&page=951
Trading Levels with WRBs
14 traders viewing now