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Indicator Free Trading - Skunny

  • #2,721
  • Jan 25, 2008 1:12pm Jan 25, 2008 1:12pm
One Possibility
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  • #2,722
  • Jan 25, 2008 1:32pm Jan 25, 2008 1:32pm
Quoting dagoods
many of us have been trading vhands demoing skunnyfibs like crazy and there are no rules in place still...lately there are so many opinions and e1 seems to have aha moments and then just more questions..... i personally am trying to draw fibs the same each time.... and then leave them in place rather than walk them... until they are no longer useable.....In this quest I have found that inner fibs are useful as well...but have yet to find an exact science..... but who really knows.... what we know so far is breaks of 0 and 100 give us nice 138 targets....usually, and you know what that is AWESOME in and of itself..... but thats all i really know,,,,still.... even after countless hours of studying the charts on this thread and vhands and demoing skunnyfied fiboruskies...... dont get me wrong, its great.... but i also wish we had some objective rules in place.... maybe O'Sensei will drop by with another hint this weekend and we can all go nuts some more Personally my brain is scrambled rather than skunny side up at this point but i think i have made some progress as it seems like many on this thread have....So I am ever grateful to Skunny and wish to express my sincere thanks

lets all keep at it and maybe we can bust the tale of the elusive moley quail and solve the riddle of the SKunnyfibididdle.... (hey it rhymed all right!) I know sizzler must have 1 minute spiderweb cobfibs tangling his brainstem..... but sizz is my hero in his strive for perfection and endless tenacity

Kudos to all of you on this thread

Good post. I think a lot of us are feeling quite the same. We have all learned some very good stuff here. In fact....probably enough to each develop something workable on our own if this was the end of the line.

However....this hopefully not being the end of the line....my head is likewise spinning because now I'm testing my ideas & your ideas & Sizz'z ideas & Islanders ideas & 1/2 dozen others ideas. Sometimes it's tough to know which direction I should keep going here.....I don't want to miss what someone else may be onto.

Skunny.....unless you are oppossed (for your own good reasons)......would this be a good time to drop a few more hints or at least tell us "hot" or "cold"? Just point us blindfolded in the right general direction so to speak.

Thanks for what you are doing here.

P.S. (Trying to rearrange my schedule to work with the NC dates proposed...I'll let ya' know!)
  • #2,723
  • Jan 25, 2008 2:40pm Jan 25, 2008 2:40pm
Quoting Bigkahuna
Not to interfere with your Friday night(it's only lunch time here) but I have an additional question. On the H1 chart, what do you use as a 'normal' range for a fib? When talking about your GY fib that hit T2 today, that one was pulled 2 days ago. While I don't have a chart in front of me, it seems several smaller fibs could have been pulled since 2 days ago. Granted, that fib did not hit the Target until today so you didn't walk it, but there seems to be plenty of fibs on my charts that 'go stale'. Or maybe I am just to impatient to wait for them to develop completely.

Do we fall back to the premise that a pullback is needed to validate the fib and once it is validated, it needs to stay on the chart until it hits a target? Rather than jumping around and making new H1 fibs?

I'm struggling with that and am trying to bring some order to it.

Gracias,
BK
Skunny has told us that he keeps 2 fibs on each chart and I basically follow that. Here, I refered to the wider ranged fib and that recent moves had been internal to that wider range and were walked within that range. Also please remember that I am keeping track of the 15m and 5m charts and so much of that action is more relevent to how I am trading and is therefore updated more frequently.

If you read through this thread and practice with VHands as suggested you will find it all starts to fall into place - but you need to put in the work! http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #2,724
  • Edited 4:25pm Jan 25, 2008 2:47pm | Edited 4:25pm
This is only for those that tend to have their fibs down pretty good (doesn't have to be perfect, but you should have a general idea on trading them profitably). I would like to propose an added method or "thought" to Skunny trading. Please feel free to comment good or bad, though be gentle. I'm not trying to change what we are being taught, nor am I trying to push a method on others, and some may be uncomfortable with it. Skunny did mention finding your own system, and though the journey here is to trade with perfection, here is something simple that someone might find useful. We are here to learn and share with each other, be it good or bad. This is how we learn and become better traders, right?

First let me make mention once more of something Skunny said:
"Your stop should be in place where you are prepared to trade in the opposite direction."

Okay, now a question. What seems to happen more often than not when a trade goes against you and hits your stop? The target is usually hit on the opposite side. Would you agree or disagree?

Here is the thought, and it's actually quite simple. When your stop gets hit, your opposite direction trade can be one of an increased lot size (lotsize*2 or lotsize*3). This could give the opportunity to recoup one's losses while at the same time taking in some profit. I'm not talking about some full fledged martingale system here. Just a small increase over one's original lot size. I don't think this has been mentioned before. I am curious to here everyone's thoughts?
The market is like the matrix - it is you that must learn to bend
  • #2,725
  • Edited 2:58pm Jan 25, 2008 2:49pm | Edited 2:58pm
Kudos to all of you on this thread [/quote]


Dagoods you are my HERO!!!

Actually you haven't been reading my posts !! I am hurt. I have a non discretionary set of rules in place I am testing My charts are actually pretty simple. I just guss it up for the laaaaa dies on the 1min hhehe

Even the 5 min charts are not so bad because they are 15 min fibs

I think if Skunny told us that would be cheating. All my charts are based on it now. All my fibs.

His whole goal is not to show us how to trade like him, but take our indicator laden bretheren and sisteren and show them they can not only make a good living naked, but a better living naked IMO. If you come out of this thread with that you win.

I THINK everything is in this thread. IF IF I am right or close Skunny had given away everything already you just have to dig and the charts are spun gold.

Of course as always I am open to being wrong ( as anyone who has seen my charts or read my post knows and will continue until I get it. I am a mule. I think persistance trumps everything else.

here is my most recent GY chart. pretty simple I didn;t draw it on this Tf though. it is on two different ones.

my blue fib completed pipperfect and when it did I have an alert set that plays "U can't touch this" by Mc Hammer. j/k it actually automatically prints a chart and mails it to Issy the Rum bandit!


Sizz

also anyone look at those yen charts... yeah they are all the same chart... how could you us that to your advantage...hmm.
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  • #2,726
  • Jan 25, 2008 2:52pm Jan 25, 2008 2:52pm
Quoting sizzler
Issy,

Awesome. Sounds good thanks for inviting me...good grief..! all the fun things I get left out of.. Rum swilling , pip pirating...

I haven't heard POETS day in a while hehehe We just get the watered down TGIF it is only 2 here so i am going to wait until 5 lest I be thought of as the WC fields of Fx trading

The cogs have been whirling like that since the first chart got posted here By Skunny

Let me know what you are thinking. I am ready for anything except clowns riding landsharks. take your time guzzle your Rum issy!

Sizz
OK, I'll leave doing my homework on these recent posts for now as I'm finished for the week, need to put on my Captains hat and feel the sea rather than the keyboard - although I must confess that my first mate still calls me a "knob twiddler"! I'd clap her in irons - 'cept I'd have to run around too much with lines and fenders (bumpers to you guys) and stuff- lol and good crew are difficult find these days! G Nite all - enjoy your W/E.
Trading Levels with WRBs
  • #2,727
  • Jan 25, 2008 2:52pm Jan 25, 2008 2:52pm
Thanks for the feedback Islander. Even though I'm a new poster I have followed the thread since inception and have watched aplenty of bars trace in vhands. But I do appreciate everything that all have contributed. I think dagoods, with his post, summed it up for me as well. Sometimes it works for me and sometimes I'm chasin' my tail.

A good weekend to all.
BK
  • #2,728
  • Edited 3:17pm Jan 25, 2008 2:59pm | Edited 3:17pm
Quoting sizzler
Kudos to all of you on this thread

Dagoods you are my HERO!!!



Sizz[/quote]

i luv ya sizz u know that! here is my challenge...its your new fib...in real time... when do u draw it...when do u know u have a swing? this is where i get supa dupa lost.... your other fib is fabtabulous and i get that.... its the real time action thats killin me and making my brain swell and bleed

i know u like objectivity and rules so....



HELP!

PS this is what i think i see from YOUR charts....
1. find a fib where the 138 OR 161 was hit to piperfection
2. draw new fib with same 138 161 that was hit as high/low ?
3. use your superduper trading PA experience considering PA (higher high) lower low) and internal fibs to project?


something to this effect sizzles?

PS of course i read your posts they are the highlight of my life (dont tell me wife he he)
  • #2,729
  • Jan 25, 2008 3:35pm Jan 25, 2008 3:35pm
Quoting dagoods
Dagoods you are my HERO!!!



Sizz
i luv ya sizz u know that! here is my challenge...its your new fib...in real time... when do u draw it...when do u know u have a swing? this is where i get supa dupa lost.... your other fib is fabtabulous and i get that.... its the real time action thats killin me and making my brain swell and bleed

i know u like objectivity and rules so....



HELP![/quote]


Alright...

I know.. that part was scary still kind of is thank your stars for MM and stop losses or demoing or just charting.

alright i will give a stupid answer of what is working for me

The tf you are on is not always the tf you think you are fibbing.

If you fib fails or succeeds PIP perfect or really close look at it from different time frames. From seeing everyones fibs I would would say look a time frame lower or immediately higher.

The chart I just posted was drawn on two different tf frame neither the 15 min

Price action tells you where the swings are NOT highs and lows per say.

ALSO... like just because a fib completes doesn;t mean there is a new fib right then and there)on that tf) you might have to wait. This could be wrong.. but I don;t walk my fibs anymore really. I just make new ones.

If it is not pip perfect it is not a skunny fib. within reason this is not kind of or sort of it it 100% all the time every time. The only thing that can muck it up is if I draw the fib wrong.

this is so IMO it isn;t funny.

Sizz.

Dagoods I don;t use the 162 or 8 level at all. ever. I don;t walk it I pull it where I think it goes and see if I am right before trading it.

aslo now my fibs will fail I ahve jinxed myself hahahaha
  • #2,730
  • Jan 25, 2008 3:47pm Jan 25, 2008 3:47pm
Quoting sizzler
ALSO... like just because a fib completes doesn;t mean there is a new fib right then and there)on that tf) you might have to wait. This could be wrong.. but I don;t walk my fibs anymore really. I just make new ones.

What seems to be the key here is that after the TP1 is hit then the PA has to reveal the new fib by it retracing to the appropriate 38 or 61 levels to be valid. One can fib the next Hi or low, but it may not be a valid fib.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,731
  • Jan 25, 2008 4:19pm Jan 25, 2008 4:19pm
Quoting sizzler
...my blue fib completed pipperfect and when it did I have an alert set that plays "U can't touch this" by Mc Hammer. j/k it actually automatically prints a chart and mails it to Issy the Rum bandit!
The market is like the matrix - it is you that must learn to bend
  • #2,732
  • Jan 25, 2008 6:21pm Jan 25, 2008 6:21pm
Quoting sizzler
Kudos to all of you on this thread

I THINK everything is in this thread. IF IF I am right or close Skunny had given away everything already you just have to dig and the charts are spun gold.

Of course as always I am open to being wrong ( as anyone who has seen my charts or read my post knows and will continue until I get it. I am a mule. I think persistance trumps everything else.

here is my most recent GY chart. pretty simple I didn;t draw it on this Tf though. it is on two different ones.

my blue fib completed pipperfect

Sizz

also anyone look at those yen charts... yeah they are all the same chart... how could you us that to your advantage...hmm.
First of all:
Thanks to all of you guys... as said before: even if the thread would disappear now, the last 3000 posts have made me a better trader.

Second: Sizzler, so your blue fib is pip perfect, but after my definition it's still not a valid fib until I get a confirmation from Skunny... no retrace until at least 38.2....

Third: Skunny... please... give us some hints. I feel like Dagoods... I feel like swimming in a porridge. It kind of feels like swimming, but there is still resistance somewhere. I'd like to freeflow flawlessly from fib to fib. But the water is still troubled.

Actually I only look at H1 charts.
I only have 2 fibs on my charts: the last bigger swing until it hits the 38.2 extension and the smaller one inside for trading. It works fine... never really pip perfect.. but money perfect
Tht can#t be all....

Have a nice week end all...
"The only successful substitute for brains is silence."
  • #2,733
  • Jan 25, 2008 6:52pm Jan 25, 2008 6:52pm
[quote=DXTrade;1821308]First of all:
Thanks to all of you guys... as said before: even if the thread would disappear now, the last 3000 posts have made me a better trader.

Second: Sizzler, so your blue fib is pip perfect, but after my definition it's still not a valid fib until I get a confirmation from Skunny... no retrace until at least 38.2....

quote]


Dx,


I was about to log off when blue fib texted me..
As far as my blue fib ,it is sad ,now it feel like you were picking on it...I tried to talk it down BUT you might not want to hold you breath for a Christmas invite from the bluefib family this year Mrs bluefibs turkey is dry anyway and she is an embarassing lush!

hehe seriously go with what works for you Dx. I am not saying mine works just that I am testing something and popping it on the thread to test opinions and views to knock me out of my box. Testing will bear it out or kill it.

I appreciate your input!! and I agree money makes you right that is how you keep score. Have a bueno weekend Sah!

Sizz
  • #2,734
  • Jan 26, 2008 1:04am Jan 26, 2008 1:04am
OK - either you guys are out having fun - or too busy running vHands like me. nighty - nite
  • #2,735
  • Jan 26, 2008 1:07am Jan 26, 2008 1:07am
Quoting PiPr Pro
OK - either you guys are out having fun - or too busy running vHands like me. nighty - nite
Night Nite PiPr Pro
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,736
  • Jan 26, 2008 6:05am Jan 26, 2008 6:05am
With regards to your v hands past #1907 pdf

Did you trade each trade manually or was it an ea setup to trade fibs....sorry i dont understand how to use vhands manually....if this is possible where would i learn how to do this, i would like to do some testing..

This is a great thread Kudos to Skunny.

HH
  • #2,737
  • Jan 26, 2008 6:39am Jan 26, 2008 6:39am
Quoting hharrington
With regards to your v hands past #1907 pdf

Did you trade each trade manually or was it an ea setup to trade fibs....sorry i dont understand how to use vhands manually....if this is possible where would i learn how to do this, i would like to do some testing..

This is a great thread Kudos to Skunny.

HH
Here is the link to the instruction thread. http://www.forexfactory.com/showthread.php?t=60849
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,738
  • Jan 26, 2008 8:03am Jan 26, 2008 8:03am
Quoting dagoods
many of us have been trading vhands demoing skunnyfibs like crazy and there are no rules in place still...lately there are so many opinions and e1 seems to have aha moments and then just more questions..... i personally am trying to draw fibs the same each time.... and then leave them in place rather than walk them... until they are no longer useable.....In this quest I have found that inner fibs are useful as well...but have yet to find an exact science..... but who really knows.... what we know so far is breaks of 0 and 100 give us nice 138 targets....usually, and you know what that is AWESOME in and of itself..... but thats all i really know,,,,still.... even after countless hours of studying the charts on this thread and vhands and demoing skunnyfied fiboruskies...... dont get me wrong, its great.... but i also wish we had some objective rules in place.... maybe O'Sensei will drop by with another hint this weekend and we can all go nuts some more Personally my brain is scrambled rather than skunny side up at this point but i think i have made some progress as it seems like many on this thread have....So I am ever grateful to Skunny and wish to express my sincere thanks

lets all keep at it and maybe we can bust the tale of the elusive moley quail and solve the riddle of the SKunnyfibididdle.... (hey it rhymed all right!) I know sizzler must have 1 minute spiderweb cobfibs tangling his brainstem..... but sizz is my hero in his strive for perfection and endless tenacity

Kudos to all of you on this thread

I also am getting a scrambled brain. I know that many are here to learn but based on what I know about support and resistance, many of the fibs drawn in this thread are just wrong. I guess you have to know what you know and test what you don't know. One thing for sure, I love this thread even though I get frustrated trying to figure out screen some of the screen shots, but then Skunny said we were here for discussion and contribution so everyone is certainly entitled to their postings. We may have opened Pandora's box but in the end I trust Skunny will bring it all together. At the first of the thread he said he would reveal more but not until the time is right. This is his thread so we can only wait until more goodies are brought to light.

Daniel
  • #2,739
  • Jan 26, 2008 9:11am Jan 26, 2008 9:11am
Quoting 4X4EVER
I also am getting a scrambled brain. I know that many are here to learn but based on what I know about support and resistance, many of the fibs drawn in this thread are just wrong. I guess you have to know what you know and test what you don't know. One thing for sure, I love this thread even though I get frustrated trying to figure out screen some of the screen shots, but then Skunny said we were here for discussion and contribution so everyone is certainly entitled to their postings. We may have opened Pandora's box but in the end I trust Skunny will bring it all together. At the first of the thread he said he would reveal more but not until the time is right. This is his thread so we can only wait until more goodies are brought to light.

Daniel

I'm glad I am not the only one perfection is the only option for me and Resistance is futile!

PS I have updated my signature for the new week as per your request master O'sensei
  • #2,740
  • Jan 26, 2008 9:14am Jan 26, 2008 9:14am
Quoting 4X4EVER
I also am getting a scrambled brain. I know that many are here to learn but based on what I know about support and resistance, many of the fibs drawn in this thread are just wrong. I guess you have to know what you know and test what you don't know. One thing for sure, I love this thread even though I get frustrated trying to figure out screen some of the screen shots, but then Skunny said we were here for discussion and contribution so everyone is certainly entitled to their postings. We may have opened Pandora's box but in the end I trust Skunny will bring it all together. At the first of the thread he said he would reveal more but not until the time is right. This is his thread so we can only wait until more goodies are brought to light.

Daniel
Hi 4X, I tend to agree with you here. Some of the fibs in the thread are wrong (as per Skunny), but luckily successful. But the method people have used to get there seems occasionally to be at fault. No criticism intended folks! But, everyone is on a journey of discovery and I believe that Skunny has given all the required info to make this work. I had an "aha" moment a few days ago after re-reading Skunny's posts and since then it seems that a few more pieces of the puzzle have come together and I can make sense of it. I would say to whoever is still having problems to re-read Skunny's posts, its all there! Pay attention to his charts too, especially one around page 8-16 somewhere. Its the one where he asks if anyone in the world would pull a fib there. It is very interesting to work out! I hope this helps someone like it did me. It didn't make any sense to me when I first saw it, but after working out fibs for days the penny dropped after studying that chart.

I'd like to say a heart felt thanks to Skunny and all the other contributers who make me rethink things and improve.
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