Indicator Free Trading - Skunny | Page 103 | 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

  • #2,041
  • Jan 15, 2008 3:31pm Jan 15, 2008 3:31pm
Quoting GridTrader
Finally this issue is getting more attention. I can't count how many times I've posted pictures and questions of the same context that seemed to go ignored. Which swings to place our fibs and where to adjust them after a target has been reached will make the difference between a losing trade and a winning trade. I'm sure anyone that has been backtesting vHands steadily (1 year of History per Skunny) will more than agree with me on this issue.
That is how I have been working my fibs ala Skunny style, but I like how Islander draws his fib points to include the hi/lo of previous weeks activity and I also draw separate fibs for the previous hi/lo of the Asian. NY, and London sessions too. My charts get kinda messy but once I get a good handle on the s/r and trading rnage I then open up a new chart and start looking at 15 min and 5 min for entry.
trading naked.......
  • #2,042
  • Jan 15, 2008 3:32pm Jan 15, 2008 3:32pm
Quoting Pipskateer
Hi Leon,

I can't find his later posts about it, but the ONLY reason Skunny posted this indicator was to help people start to develop an eye for find S/R on their own. This indicator was in NO way to be part of what he was teaching. It was just a baby-step visual aid to eyeballing S/R...nothing more.
Agreed.....was just about to say this and Pipskateer beat me to it!
  • #2,043
  • Jan 15, 2008 3:35pm Jan 15, 2008 3:35pm
Heres another chart with the Gann lines, I think its time for some V-hands... Lets see if I can pick the correct points.

Please someone tell me if what im seeing on this chart is just hindsight.
Attached Image (click to enlarge)
Click to Enlarge Name: GANNARIAinfected.jpg Size: 128 KB
Living the adventure in my head.
  • #2,044
  • Jan 15, 2008 3:44pm Jan 15, 2008 3:44pm
Quoting MarkDabid
Thanks Brunite.......One more question please for you and others.
At what point are you considering a cycle ended? At the 138 or 162 extension? Why?
Thanks again,
Mark
At this point, I am putting my TP at the 138.

Reasons?

1) It seems that the 162 only gets hit "on the run" when things are moving super fast.

2) "Pigs get fat.....hogs get slaughtered".

3) Don't want to sit out the retrace that many times happen before it gets to 162.

4) It may not get to the 162 any time soon.

5) The way I'm working this now....too many swings to play to sit around waiting for 162.

6) 162 often seems to line up at or near 138's from previous fibs anyway

IMHO....
  • #2,045
  • Jan 15, 2008 3:53pm Jan 15, 2008 3:53pm
Quoting Brunite
At this point, I am putting my TP at the 138.

Reasons?

1) It seems that the 162 only gets hit "on the run" when things are moving super fast.

2) "Pigs get fat.....hogs get slaughtered".

3) Don't want to sit out the retrace that many times happen before it gets to 162.

4) It may not get to the 162 any time soon.

5) The way I'm working this now....too many swings to play to sit around waiting for 162.

6) 162 often seems to line up at or near 138's from previous fibs anyway

IMHO....
well said Brunite. If it's a runaway train I'll keep an eye on it manually if it goes past the 138. After it hits the 138 I've got my finger on the mouse watching for any pull back and then I'll close at no less than 138.

Sometimes I'll auto program my TP to close just shy of the 138 if the 138 is a round number.
trading naked.......
  • #2,046
  • Jan 15, 2008 3:58pm Jan 15, 2008 3:58pm
Quoting lowell
Thanks for the info Brunite! Keep us updated. I think collectively we can all get what we need to make a living at this by working together!
Lowell....agreed!

In fact, just got home....looked at my chart (EJ)....saw a screaming sell forming and bagged 25 more pips.

Like I said before.....want to be sure about what I am seeing before throwing out there. Seems a good idea to avoid wild goose chases. With so many folks looking in different directions at once....things can get hairy with trying to work every idea at once. For example: I have not had time to even look at Gann Lines yet....too focused on mastering the Fib stuff. It is nice that we have Islander and others looking at the Gann. When someone comes up with something tested and new; the whole group benefits.

For the first time; I really feel we have something here.....not the typical thread.......no antagonists (save for 1)....something that is constant.....something that can likely be applied to any market.....no indicators needed....no MT4 needed....I am humbled to think where this group might be in a year (or even after the workshop)!

We all owe Skunny big-time....
  • #2,047
  • Jan 15, 2008 4:04pm Jan 15, 2008 4:04pm
Quoting Islander
Well I've added Lucasmania to my case of Gannoria mixed with a good dose of Fiibitis!

The mix does seem to be agreeing with me - and the Euro. Theoretical profit taken - just so that I dont get taken to the Headmaster's study for live trading....I think this deserves another glass of Rioja before bedtime.

All of the points shown have a tripple dose of the fore mentioned afflictions.

Edit - and both yellow 132 levels hit, as mentioned earlier.

Dude, it is like a giant ,acid trip, lite bright ,electric pyramid!! AHHH!!wesome
if you can trade that you are sweet. I would be mesmerized. hehe

Sizz.
  • #2,048
  • Jan 15, 2008 4:10pm Jan 15, 2008 4:10pm
I'm thinking that +/-10 pips / mins might be acceptable accuracy, in which case this too is OK both price and time wise! G nite all.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 15 5m gj 2145.gif Size: 14 KB
Trading Levels with WRBs
  • #2,049
  • Jan 15, 2008 4:24pm Jan 15, 2008 4:24pm
Alright... now I am wondering how do draw these lines.

IMO when they work out they are right no?

there are cycles you can walk fibs, position is dictated up down dow up from completetion of older fibs cycles..


Is this figured out? if not I am sure between 20 so odd men and woman we trial and error to get if some quiet person doesn;t already have clues.

gridtrader you sound like you are ready. i don;t think skunny would ever tells us. outright. but he has dropped enough hints IMO.


the only thing (other then losing) is that I don;t care a fig for is if my tps is hit and blown through I either fibs a smaller cycle on a bigger tf or was just sloppy or wrong.. hit but not respected feels like failure.

I guess winning is nice but knowing how to do it properly would be nicerer. I ahve fibbed high to low low to high and won(and lost) but if it is all sloppy meh no likeh


any takers on this?

Sizz.

Sizz.
  • #2,050
  • Jan 15, 2008 4:24pm Jan 15, 2008 4:24pm
I love looking at Islander's charts.....It's like a day at the Met, ya just sit down with your cup of Starbucks and stare at it......... it takes a while to take it all in but the dude is nails.
trading naked.......
  • #2,051
  • Jan 15, 2008 4:47pm Jan 15, 2008 4:47pm
Quoting sizzler
Alright... now I am wondering how do draw these lines.

IMO when they work out they are right no?

there are cycles you can walk fibs, position is dictated up down dow up from completetion of older fibs cycles..


Is this figured out? if not I am sure between 20 so odd men and woman we trial and error to get if some quiet person doesn;t already have clues.

gridtrader you sound like you are ready. i don;t think skunny would ever tells us. outright. but he has dropped enough hints IMO.


the only thing (other then losing) is that I don;t care a fig for is if my tps is hit and blown through I either fibs a smaller cycle on a bigger tf or was just sloppy or wrong.. hit but not respected feels like failure.

I guess winning is nice but knowing how to do it properly would be nicerer. I ahve fibbed high to low low to high and won(and lost) but if it is all sloppy meh no likeh


any takers on this?

Sizz.

Sizz.
Mmmm, Nobody will give away the exact and successfull way that they trade IMHO. Afterall chances are they had to work it out on there own. So why should anyone else be given anything easy.

Sad, but thats the world we live in.
Living the adventure in my head.
  • #2,052
  • Jan 15, 2008 5:13pm Jan 15, 2008 5:13pm
Quoting Brunite
Agreed.....was just about to say this and Pipskateer beat me to it!
Dunno how...I'm a lethargic snot factory today... :
  • #2,053
  • Jan 15, 2008 5:17pm Jan 15, 2008 5:17pm
Quoting Islander
Well I've added Lucasmania to my case of Gannoria mixed with a good dose of Fiibitis!

The mix does seem to be agreeing with me - and the Euro. Theoretical profit taken - just so that I dont get taken to the Headmaster's study for live trading....I think this deserves another glass of Rioja before bedtime.

All of the points shown have a tripple dose of the fore mentioned afflictions.

Edit - and both yellow 132 levels hit, as mentioned earlier.

CRAP Islander!! That looks soooooooo SWEET!!!
  • #2,054
  • Jan 15, 2008 5:37pm Jan 15, 2008 5:37pm
Quoting Brunite
Lowell....agreed!

In fact, just got home....looked at my chart (EJ)....saw a screaming sell forming and bagged 25 more pips.

Like I said before.....want to be sure about what I am seeing before throwing out there. Seems a good idea to avoid wild goose chases. With so many folks looking in different directions at once....things can get hairy with trying to work every idea at once. For example: I have not had time to even look at Gann Lines yet....too focused on mastering the Fib stuff. It is nice that we have Islander and others looking at the Gann. When someone comes up with something tested and new; the whole group benefits.

For the first time; I really feel we have something here.....not the typical thread.......no antagonists (save for 1)....something that is constant.....something that can likely be applied to any market.....no indicators needed....no MT4 needed....I am humbled to think where this group might be in a year (or even after the workshop)!

We all owe Skunny big-time....
Big DITTO, Brunite!!

On all counts....

1st and foremost, we all owe Skunny for being the person he is to share these things with us. This is MAJOR stuff... I totally respect the fact that he isn't peddling this for personal gain.

This is NOT one of the typical "trading system" threads by any stretch. This is REAL trading. I really what we're onto here transcends all those statements I've heard in the past about systems working for awhile then needing to be optimized when market conditions change. Not so with this...my feeling is that fibos (and likely Gann) will work in ALL markets at ALL times because it simply follows the flows of price action.

Heck, I'm humbled to think where this group might go BEFORE the workshop....
  • #2,055
  • Jan 15, 2008 5:42pm Jan 15, 2008 5:42pm
Quoting Brunite
Lowell....agreed!

In fact, just got home....looked at my chart (EJ)....saw a screaming sell forming and bagged 25 more pips.
hehe....bagged +66 on my demo account on GJ with that same move! Makes up for me feeling too crappy to be up for UK.
  • #2,056
  • Edited 8:22pm Jan 15, 2008 5:51pm | Edited 8:22pm
Quoting Leonlorenzo
Back after my hunting for the post by skunny I was refering to.......

in regards to skunnys post referenced here....has anyone considered the possiblty that skunny MAY have ben reffering to inside bars outside bars... (james 16 terminology) for example MAYBE (and i have not tested this yet) if a condle 10 candles previous contains all the followind ten candles then this candle tha its extremes contains all these following 10 candles can be fibbed ...the theory being that this candle is showing us s/r????? in other words fib engulfing candles???????
back to testing! lol ...boy this journey is FUN!

comments welcome and appreciated....
  • #2,057
  • Jan 15, 2008 5:54pm Jan 15, 2008 5:54pm
Quoting Leonlorenzo
Mmmm, Nobody will give away the exact and successfull way that they trade IMHO. Afterall chances are they had to work it out on there own. So why should anyone else be given anything easy.

Sad, but thats the world we live in.
Oh Ho Ho I don;t disagree LL You'll often find IMO that the best ones will, in fact, be pretty open not hand out the keys to the kingdom but point people in the right direction

There is something to the effect of a lesson given is worthless and a lesson learned is the opposite. Plus it is generally pretty hard to tell someone how to do something and have them be able to do no matter how good it is or you are. It isn;t sad really, it is just the way it is.

You have to go out and snag tha beautiful butterfly big guy, no one is going to catch it for you. ...unless you have a really huge trained cat.. or a bird I guess. I don;t even know how you would train the bird.or teh cat for that matter... hmm.

Sizz
  • #2,058
  • Jan 15, 2008 6:30pm Jan 15, 2008 6:30pm
Quoting Leonlorenzo
Mmmm, Nobody will give away the exact and successfull way that they trade IMHO. Afterall chances are they had to work it out on there own. So why should anyone else be given anything easy.

Sad, but thats the world we live in.
Ya know....there are some cases where folks will keep secrets just to spite other folks. They hold the power and knowledge to help others if they could only get past the fact that someone might make a buck off 'em.

And then there's what I believe Skunny is doing for us...

It follows quite along the story of the caterpillar and the chrysalis. If you've never heard that very eloquent story, it basically talks about how the caterpillar MUST go through the process of locking himself inside his "chrysalis" chamber through the winter. Then in the spring time, he MUST endure a great struggle to extricate himself from the chrysalis to emerge as a beautiful butterfly in full glory. The beauty of the story is the fact that, without the great struggle, the butterfly's wings would never dry properly and it would never be able to survive and fly.

Skunny would have done us all a great disservice by putting all of this on a silver platter. Most of us would have glossed it over and moved on to the next "system".... I for one am SOO glad that did not happen.
  • #2,059
  • Jan 15, 2008 6:32pm Jan 15, 2008 6:32pm
Quoting dagoods
in regards to skunnys post referenced here....has anyone considered the possiblty that skunny MAY have ben reffering to inside bars outside bars... (james 16 terminology) for example MAYBE (and i have not tested this yet) if a condle 10 candles previous contains all the followind ten candles then this candle tha its extremes contains all these following 10 candles can be fibbed ...the theory being that this candle is showing us s/r?????
back to testing! lol ...boy this journey is FUN!

comments welcome and appreciated....
I have been trying to fib single candles (long ones only) and could not see a reason why they would be that significant. That could be the answer dagoods. Anyway it's a better idea than I came up with. Keep that thinking cap in place I do believe it fits.
Nikki
  • #2,060
  • Jan 15, 2008 7:06pm Jan 15, 2008 7:06pm
at the beginning of this thread skunny told us to fib single weekly candles only. That was and still is something of use in determining a range to trade within for the upcoming week.
trading naked.......
6 traders viewing now