Indicator Free Trading - Skunny

Quoting sizzler

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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.

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Quoting galaxymom

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This is what I was thinking after my exercise yesterday with EJ, the inner cycles can be completed as the larger are completed even though the price blows right thru it, and later you see that the upper targets also get completed as the larger targets are hit with in that 10 pip allowance Skunny talked about earlier. ( and yes, I admit I may have drawn too many fibs in my experiment, but that is part of learning and discovering what is necessary and not. This is a journey.)

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Quoting GridTrader

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Let's be honest with this picture now. How many thought this was a break to the upside? If you look at the chart you'll clearly see an earlier larger swing's target was hit at the level. When I questioned Skunny on an earlier chart of macbow's, asking why he wouldn't of traded long on a particular break, he pointed out "because the previous swing's target was just above that price level".

Personally I am not trading EurUsd, but this chart points out where several people may have traded incorrectly. Now if we need to be aware of each or even all previous swings to see where price is at on the chart as a whole, then the questions begin to arise. When and where to walk the Fibs? Bo is trading exclusively with fibs on his thread. My thought is Skunny is too. He's only analyzing the use of Gann lines. Not necessarily trading with them live.

Sometimes I feel like a guinea pig, trying to find what works, what doesn't, and why. However, I do believe Skunny is trading successfully on a regular basis using only PA and FIBS. So there must be something we are not seeing. A proper method to moving these fibs on our charts. Something simple.

I'm sure Skunny is around reading our posts. I personally feel the majority here is losing sight of the basics he has provided us with. He's either here smiling and nodding his head yes (hopefully), or possibly shaking it in disbelief. I say we get back to the basics. Fibs and PA, and determining when, why, and how to walk our fibs. When a fib works and reaches it's target, what is the next thing everyone is looking to do. Take the next swing? I tried that already. It doesn't work.

Thanks everyone,
Jon

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Quoting DXTrade

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I agree 100%

Thats why I went back to the start of the thread.
My chart now has only 2 Fibs:
1. The blue Fib is the high/low of the previous week. Gives me S/R levels and tradable targets.
2. The black Fib is the one I'm walking along through the week on the fibable swings as they come.

See how the weekly 138 is hit to the pip?
Cluster with the last swing?

Trying to KISS again

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Quoting Pipskateer

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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.

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Quoting piphitman

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gridtrader,

It's all about the data feeds.....Skunny said to use several data feeds, here is my chart from ODL, second penetration on your chart is the final 138 completion on mine.

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Quoting GridTrader

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That is what I am saying. The second penetration WAS also the 138 target on my chart. It's the smaller swing that could not be traded. For clarification, please look at the pic one more time. You'll see that I've pointed that out already.

Jon

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Quoting moneybookers

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where will the retracement be?

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Quoting Bobokus

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To me I would not have taken a long position there,It just completed the take profit point from the bounce it had just made from the previous days fib levels.

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Quoting GridTrader

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That is EXACTLY what I am trying to point out. I was curious to see how many people would of taken this smaller swing trade (inside the circle) not seeing what we have pointed out. To not trade it because it hadn't yet completed the bigger swing's 138 ext. So if this swing is to be monitored, then would all prior swings that haven't hit there target require the same? That could become a very messy chart, as some people have already shown in their posts several pages back.

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Quoting Pipskateer

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It only stands to reason that if there are cycles within cycles, that when price makes its move, there will be several of them completed in that same move. And NEW ranges are being formed as older one's are being fulfilled...this also fits with Skunny's statement about always being in the market if you want. It's a never ending flow it seems....very cool to consider!

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