Indicator Free Trading - Skunny | Page 141 | 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

  • #2,801
  • Jan 27, 2008 2:57pm Jan 27, 2008 2:57pm
Quoting seb123
Sizz, here's your template with my fibs, just follow the progression from left to right.
Your fibs looked ok to me, but I wouldn't follow the white on its own I would wait and see what happened after additional bars. We are both at the same point now, waiting for the next fib to break.
Sizz,

when you check the template, ignore the first one(green). Also I missed one out, but it makes no difference, as long as you can see what I've done.
  • #2,802
  • Edited 3:06pm Jan 27, 2008 3:02pm | Edited 3:06pm
Quoting seb123
Sizz, here's your template with my fibs, just follow the progression from left to right.
Your fibs looked ok to me, but I wouldn't follow the white on its own I would wait and see what happened after additional bars. We are both at the same point now, waiting for the next fib to break.

Nice Seb,

How wierd is it to look at someone elses work on your screen?? hehe I love this though it is much better then just charts IMO. I love this kind of exchange.

you have a tonne of fibs! I am trying to follow it seems like you use a different style then I do and different levels. No? I am guessing that because I see a lot of blow through on the fib levels or am I viewing wrong tf?
I THINK I pretty much understand your mo the only reason I would have cause for pause is all the blow back I see on it. and the 168 or 162 level which I don;t use anymore. Very interesting!!!!!

perspective is muy importante do you have a legend to your fib?

My Blue is best viewed IMo at H4
Red H1
gold m 15 and white m 5

but yeah we are at the same waiting point. lets see how the white guy performs I drew it obviously because I think it works but we will see.

Also I don;t know what you next tp would be? I have eithe 212.43 or 211.25
would you have not set one yet? I also have a 1 minute fib triggered. but that well is a different story

Sizz

edit yeah I was like what the funk!!?? on the green one that makes sense and i am pretty sure I can see what you are doing. Can you give me an example of how you personally would trade this? I am trying to get out of my box for the evening 4 oclock ALMOST wine tme.
  • #2,803
  • Jan 27, 2008 3:32pm Jan 27, 2008 3:32pm
Quoting sizzler
Nice Seb,

How wierd is it to look at someone elses work on your screen?? hehe I love this though it is much better then just charts IMO. I love this kind of exchange.

you have a tonne of fibs! I am trying to follow it seems like you use a different style then I do and different levels. No? I am guessing that because I see a lot of blow through on the fib levels or am I viewing wrong tf?
I THINK I pretty much understand your mo the only reason I would have cause for pause is all the blow back I see on it. and the 168 or 162 level which I don;t use anymore. Very interesting!!!!!

perspective is muy importante do you have a legend to your fib?

My Blue is best viewed IMo at H4
Red H1
gold m 15 and white m 5

but yeah we are at the same waiting point. lets see how the white guy performs I drew it obviously because I think it works but we will see.

Also I don;t know what you next tp would be? I have eithe 212.43 or 211.25
would you have not set one yet? I also have a 1 minute fib triggered. but that well is a different story

Sizz

edit yeah I was like what the funk!!?? on the green one that makes sense and i am pretty sure I can see what you are doing. Can you give me an example of how you personally would trade this? I am trying to get out of my box for the evening 4 oclock ALMOST wine tme.
Sizz, don't have time to go into details right now, just ignore the fact that the 138 level is breached sometimes to 162, i didn't check. The point is for each fib the TP was reached. The down move was stopped at the 138 level before price retraced.
  • #2,804
  • Jan 27, 2008 3:37pm Jan 27, 2008 3:37pm
Quoting seb123
Sizz, don't have time to go into details right now, just ignore the fact that the 138 level is breached sometimes to 162, i didn't check. The point is for each fib the TP was reached. The down move was stopped at the 138 level before price retraced.

K that is all I needed to know Rodger rodger thanks Seb!


Sizz.
  • #2,805
  • Edited 7:39pm Jan 27, 2008 6:46pm | Edited 7:39pm
Quoting sizzler
My blue fib still won't shut up about Dx slamming it hehehe he has an inferiority complex now.


Hello everybody....
before posting any fibs... here my trade system and chart of the week found in another forum.
Have a nice skunbo-fibbing week!

P.S. That#s NOT my chart! Just found it as a serious contribution at whatever .com
Attached Image (click to enlarge)
Click to Enlarge Name: cow.jpg Size: 135 KB
"The only successful substitute for brains is silence."
  • #2,806
  • Jan 27, 2008 7:39pm Jan 27, 2008 7:39pm
Quoting Learntocount
I just did on the above posts......
I have the same problem,,,your chart is so busy to my old eyes, i dont understand where your fiblines are drawn....thanks for the info
  • #2,807
  • Jan 27, 2008 7:42pm Jan 27, 2008 7:42pm
Quoting DXTrade


Hello everybody....
before posting any fibs... here my trade system and chart of the week found in another forum.
Have a nice skunbo-fibbing week!

Dx,

this is getting old first my fib NOW you stalk me and make fun of my REAL trade chart...HOW DID YOU FIND THAT??? Whats next you put sugar in my gas tank while eating my lunch??

hehehe


Sizz
  • #2,808
  • Jan 27, 2008 7:47pm Jan 27, 2008 7:47pm
Quoting sizzler
Dx,

HOW DID YOU FIND THAT???

hehehe
Sizz
You think you can hide under another username in another forum?
My name is Trade, DX Trade, zero zero sixoneeight...
"The only successful substitute for brains is silence."
  • #2,809
  • Jan 27, 2008 7:50pm Jan 27, 2008 7:50pm
Quoting hharrington
I have the same problem,,,your chart is so busy to my old eyes, i dont understand where your fiblines are drawn....thanks for the info

Hey HH,

I am talking out of school and prolly am off base but LTC trades EW so his approach to fibbing is different then Skunny's. basically learn EW and that will make sense...unless I am really off base and you are already an EW trader just can't make it out... man that would be embarassing for me... hehe
Maybe DL a demo of chartfx like he appears to use.

Sizz
  • #2,810
  • Jan 27, 2008 7:54pm Jan 27, 2008 7:54pm
Quoting DXTrade
You think you can hide under another username in another forum?
My name is Trade, DX Trade, zero zero sixoneeight...

HAHAHAHAHAHAHAHAHAHA I so tried I thought with the nickname "ChubbybunnyFX" no one would put it together. .must have been all those dang smiley faces...grrr..
.. you ARE the terminator. hehe you are too quick for me.

Chu..er Sizz.
  • #2,811
  • Jan 27, 2008 8:06pm Jan 27, 2008 8:06pm
Hello, late arrival here. Great thread - thanks to all!!! Never felt a need to post or join FF until now. I've been working for a couple of weeks on this thread and have finally caught up. I feel like I've eaten too much and need to lay down on a warm rock to digest it all. But I keep on getting back up and eating more.... I'm not sure if it was decided which pair to stick to - but I was walking Fibs along the H1 EJ and I don't know how to "walk around" the lows on 1/22. There has to be a way to explain them w/o triggering a sell. The D1 just hit its target on 1/21 and 1/22 may just be the rest of the steam going out. I can't seem to explain it from the H1 alone. If anyone can add some insight I would greatly appreciate it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h1 ej.gif Size: 15 KB
Click to Enlarge Name: daily ej.gif Size: 12 KB
  • #2,812
  • Jan 27, 2008 8:12pm Jan 27, 2008 8:12pm
So here are my last two fibs:
First the last one from Friday... for some small pips.
Below the actual one... we will see.
I more like to post actual charts then after-fact ones.

Oooppsss... there's still an indicator.. but just a zigzag to show me some swings.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj.gif Size: 15 KB
Click to Enlarge Name: gj1.gif Size: 16 KB
"The only successful substitute for brains is silence."
  • #2,813
  • Jan 27, 2008 10:22pm Jan 27, 2008 10:22pm
Target reached...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 16 KB
"The only successful substitute for brains is silence."
  • #2,814
  • Jan 27, 2008 10:49pm Jan 27, 2008 10:49pm
Quoting DXTrade
Target reached...
Nice trade Dx, had the same fib
Has what you wanted to see made you blind?
  • #2,815
  • Edited Jan 28, 2008 12:10am Jan 27, 2008 11:18pm | Edited Jan 28, 2008 12:10am
Quoting MarkDabid
I am a bit confused and am hoping Skunny or others can help. I was able to walk my fib to the same point Skunny did, but did not think it was valid because there was not retracement to the the mid range resistance levels. Could it be that the retracement is not necessary on the higher time frames? Any help would be appreciated.
I will throw something out there as an idea. IMO a fib is valid to measure from after, it has completed perfectly. Even without the retrace to the inner fibs. BUT it is not a 100% valid fib to trade, during formation.
In other words, maybe the only fibs that can be trusted to trade "live" are the ones with a retrace to both inner fibs before penetration of the 0 or 100 line.

EDIT: Please don't trade this.....test it! Just a theory of mine for now.
  • #2,816
  • Jan 27, 2008 11:39pm Jan 27, 2008 11:39pm
Quoting lowell
I will throw something out there as an idea. IMO a fib is valid to measure from after, it has completed perfectly. Even without the retrace to the inner fibs. BUT it is not a 100% valid fib to trade, during formation.
In other words, maybe the only fibs that can be trusted to trade "live" are the ones with a retrace to both inner fibs before penetration of the 0 or 100 line.
so as an example.......all of the fib completions last week on the YEN pairs as a result of all the new highs......are now what we are using as the "master" fibs while they retrace while we then trade inside the new fib as it makes its way this week around the retracement points of the master fib??
trading naked.......
  • #2,817
  • Jan 27, 2008 11:47pm Jan 27, 2008 11:47pm
maybe there is a clue for GJ here. http://www.forexfactory.com/showpost...&postcount=174
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,818
  • Jan 28, 2008 12:06am Jan 28, 2008 12:06am
Quoting galaxymom
maybe there is a clue for GJ here. http://www.forexfactory.com/showpost...&postcount=174


excellent find on that old Skunny post galaxymom,

kinda reminds me of what I've been doing lately based on Islanders DZ (Decision Zone) entry points.
trading naked.......
  • #2,819
  • Jan 28, 2008 12:15am Jan 28, 2008 12:15am
Quoting piphitman
so as an example.......all of the fib completions last week on the YEN pairs as a result of all the new highs......are now what we are using as the "master" fibs while they retrace while we then trade inside the new fib as it makes its way this week around the retracement points of the master fib??
I think there is some validity to this Hitman. MarkDabid, for me, it appears that the corollary is true: fibs of larger tf are the real ones that need to retrace to the inner levels. On my chart, the large coral fib (good thing we have all these great colors to choose from) is from a day chart and it may be the "master fib" we are working on right now; we are completing the inner fibs now. There have been many smaller fibs that have developed and completed on the way to where the market is now.
Attached Image (click to enlarge)
Click to Enlarge Name: current geppy.gif Size: 28 KB
Has what you wanted to see made you blind?
  • #2,820
  • Jan 28, 2008 12:23am Jan 28, 2008 12:23am
Quoting galaxymom
maybe there is a clue for GJ here. http://www.forexfactory.com/showpost...&postcount=174
Thanks Galaxymom!
4 traders viewing now