Indicator Free Trading - Skunny | Page 121 | 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

  • #2,401
  • Jan 21, 2008 1:32am Jan 21, 2008 1:32am
Quoting Skunny
Who came up with trading 1 minute info? I seem to hear it a lot......SIZZLER?? Was it you?:surprised
Whoops - guilty as charged sir! http://www.forexfactory.com/images/icons/icon11.gif - I run it in real time to give me the maximum ammount of practice - but I do also walk the fib on 5 other longer TFs too. http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #2,402
  • Jan 21, 2008 1:32am Jan 21, 2008 1:32am
Quoting PiPr Pro

Skunny

for
President
of the

Universe

I'll be the first one to vote 2 thumbs up. Just get Iraqi money back to where it was so I can retire...LOL
The market is like the matrix - it is you that must learn to bend
  • #2,403
  • Jan 21, 2008 1:45am Jan 21, 2008 1:45am
Hhhmmmm...

not sure.
My cornflower (now violet to avoid confusion) fib is just the weekly high/low.
And it retraced nicely above 61. So it must be the blue one.

BTW... target hit with 2 pips difference.
Another 120 pips today.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
"The only successful substitute for brains is silence."
  • #2,404
  • Jan 21, 2008 2:01am Jan 21, 2008 2:01am
Quoting DXTrade
Hhhmmmm...

not sure.
My cornflower (now violet to avoid confusion) fib is just the weekly high/low.
And it retraced nicely above 61. So it must be the blue one...
I can agree with that. It would be nice if Skunny or someone else who is "certain" what was actually meant, could step in and clarify for the rest of us not catching on here.

Thank you.
Jon
The market is like the matrix - it is you that must learn to bend
  • #2,405
  • Jan 21, 2008 2:05am Jan 21, 2008 2:05am
Quoting PiPr Pro

Skunny

for
President
of the
Universe



Resistance is futile


I love it!
  • #2,406
  • Jan 21, 2008 2:23am Jan 21, 2008 2:23am
Nice one DXT - for a demo!

Here's my 5 min walk - the way I am thinking, M 1 had a 150 pip potential into T1 and M 2 about 190 pips into its T 1 - assuming that you take an entry around the exit from the DZ (Decision Zone)
Attached Image (click to enlarge)
Click to Enlarge Name: jan 21 gj 5m 0800.gif Size: 11 KB
Trading Levels with WRBs
  • #2,407
  • Jan 21, 2008 2:32am Jan 21, 2008 2:32am
Quoting Islander
Nice one DXT - for a demo!

Here's my 5 min walk - the way I am thinking, M 1 had a 150 pip potential into T1 and M 2 about 190 pips into its T 1 - assuming that you take an entry around the exit from the DZ (Decision Zone)
Correct. And drawn like this on M5 it's a valid fib as well
Pretty amazing that I'm still at a 100% since January 1st.
On demo

So... thank you Mr President
"The only successful substitute for brains is silence."
  • #2,408
  • Jan 21, 2008 2:34am Jan 21, 2008 2:34am
.. and if these fibs are close to the message of skunny, would this imply that the next target would be the 162 of the pink fibs? and since the yellow fib was pierced (weekly), does that mean that the next target would be the 138 extension of the yellow fib? sorry for what may be questions that may have already been asked, and I am going through the entire thread, but I just haven't quite gotten through it yet
Attached Image (click to enlarge)
Click to Enlarge Name: current geppy.gif Size: 28 KB
Has what you wanted to see made you blind?
  • #2,409
  • Jan 21, 2008 2:44am Jan 21, 2008 2:44am
Quoting Dunkan
.. and if these fibs are close to the message of skunny, would this imply that the next target would be the 162 of the pink fibs? and since the yellow fib was pierced (weekly), does that mean that the next target would be the 138 extension of the yellow fib? sorry for what may be questions that may have already been asked, and I am going through the entire thread, but I just haven't quite gotten through it yet
most probably for the pink fibs... but when???? According to Skunny - sorry - according to Mr President the 38 target is enough and more safe.
The weekly Yellow fib isn't sure yet as the actual candle has just pierced, not broken the 0.

Just my 2 unqualified cents as Skunny-Internship-Member
"The only successful substitute for brains is silence."
  • #2,410
  • Jan 21, 2008 3:06am Jan 21, 2008 3:06am
thanks for the input dx
Has what you wanted to see made you blind?
  • #2,411
  • Jan 21, 2008 3:58am Jan 21, 2008 3:58am
This chart has the fibs from Skunny's Hourly chart on post # 2345. His Sk 2 fibs have hit their 138 target and should be removed.

As soon as a 138 target (T1) is hit AND there is a bounce we should be walking out to the next fib - here the Orchid one Islander 1. This gave another Sell which also hit its target and thus this fib should also be removed and the new one walked out as the yellow Islander 2, currently an internal retracement Fib.

The last move down also triggered the wider range fib from Skunny's chart - the Salmon one marked as Sk 1 which has activated a Short from 206.98 - but remember that Skunny does NOT trade on Mondays - I guess as he's waiting to see some direction for the new week.

The wider the range that we use for our fibs, the less often we will get an entry and the larger our risk will be - that's why I go for the shorter TFs and as fibs are fractal, they work just as well on the lower TFs, although the 138 will quite often be exceeded.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 21 gj 15m 0930.gif Size: 17 KB
Trading Levels with WRBs
  • #2,412
  • Jan 21, 2008 4:19am Jan 21, 2008 4:19am
Great explanation.
The essence on how I walk the fibs as well (exception: I leave my weekly high/low fib for the week as orientation!

Green fib = Target hit.

The last fib isn't valid (tradable) yet as the retracement didn't hit at least the 38.2 inner fib.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 24 KB
"The only successful substitute for brains is silence."
  • #2,413
  • Jan 21, 2008 4:55am Jan 21, 2008 4:55am
Quoting DXTrade
Great explanation.
The essence on how I walk the fibs as well (exception: I leave my weekly high/low fib for the week as orientation!

Green fib = Target hit.

The last fib isn't valid (tradable) yet as the retracement didn't hit at least the 38.2 inner fib.
Has the president of the universe confirmed whether it has to at least hit the 38% for anyone yet? I remember some were discussing it awhile back...the only thing that makes me wonder is how in some strong trends price will not make it back that far before continuing. Great charts by the way boys and girls. If we keep this up we'll be sure to land cushy positions from the prez.

So lets take a look at some developments on the Dragon. First of all the purple fib is from the high and low of Friday, target hit with a pleasant bounce. That is also right where the 100% level of our main fib for the hourly chart(and about a millon other 138% fib levels end there as well). For the short term, we can see the agua fib has hit its target, but not yet broken. The yellow fib should come into play if that level is broken. Any way you look at it, we should be seeing some nice downside this week.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hr dragon 4.gif Size: 14 KB
  • #2,414
  • Jan 21, 2008 5:10am Jan 21, 2008 5:10am
Quoting PiPr Pro

Skunny
for
President
of the
Universe

Resistance is futile





Waking up to this? Hilarious....
Robonacci com
  • #2,415
  • Jan 21, 2008 5:13am Jan 21, 2008 5:13am
Quoting Islander
Whoops - guilty as charged sir! http://www.forexfactory.com/images/icons/icon11.gif - I run it in real time to give me the maximum ammount of practice - but I do also walk the fib on 5 other longer TFs too. http://www.forexfactory.com/images/icons/icon12.gif

Just remember Issy, the lower the time frame the more to keep track of.....some have the mental capacity to do it....but, I don't...lol
Robonacci com
  • #2,416
  • Jan 21, 2008 5:15am Jan 21, 2008 5:15am
Quoting GridTrader

EDIT: Hmmm, Skunny said bright blue fib not dark blue fib. Confused again, sorry
And your earlier Friday fib did complete.
I saw a bright blue and a baby blue at the time, but I was tired.
Robonacci com
  • #2,417
  • Jan 21, 2008 5:29am Jan 21, 2008 5:29am
Quoting Skunny
Just remember Issy, the lower the time frame the more to keep track of.....some have the mental capacity to do it....but, I don't...lol
Yeah - dont tell me, I'm not Walking Fib - I'm Running Fib and it does get me a bit out of breath with all the exercise and excitement!

I do have a nice on screen alert that is easy to reset, so its not as if I have to watch every bar - just put it on my DZ and wait for the bleep.

That last drop was nice, it had retraced to a little over my 1 min 62%, then broke the low and dropped 93 pips to hit my T3 - still 10 pips from T1 off my 5 min, but a good place to take partials - if one was trading!
Trading Levels with WRBs
  • #2,418
  • Jan 21, 2008 5:35am Jan 21, 2008 5:35am
Quoting Islander
Yeah - dont tell me, I'm not Walking Fib - I'm Running Fib and it does get me a bit out of breath with all the exercise and excitement!

I do have a nice on screen alert that is easy to reset, so its not as if I have to watch every bar - just put it on my DZ and wait for the bleep.

That last drop was nice, it had retraced to a little over my 1 min 62%, then broke the low and dropped 93 pips to hit my T3 - still 10 pips from T1 off my 5 min, but a good place to take partials - if one was trading!
Alert? For what platform?
Robonacci com
  • #2,419
  • Jan 21, 2008 5:45am Jan 21, 2008 5:45am
Quoting Skunny
Alert? For what platform?
MT4 - if you can tell me how to post it here I'll do so, otherwise PM me and I'll email it.
Trading Levels with WRBs
  • #2,420
  • Jan 21, 2008 5:53am Jan 21, 2008 5:53am
Here it is in action....

Edit: The blue line is the upper alert and the red line the lower - already breached. Its audio and also has a pop up screen which I have turned off. Just click and drag the lines to reset.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 21 gj 1m 1150.gif Size: 11 KB
Trading Levels with WRBs
24 traders viewing now