Indicator Free Trading - Skunny | Page 143 | 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

  • #2,841
  • Jan 28, 2008 11:11am Jan 28, 2008 11:11am
Quoting 4X4EVER
Hi all,
or any one else for that matter have any opinions on my analysis?

I know the Euro is SLOOOOOOWWWWWWW, but still accurate.

Daniel
Oh for sure I like this chart!! I don't know about the 127 or 7x level but they look good
and the 262? you are a FIB WILD MAN!

I mean I think your fibs are good but you fib so differently then I do, that it is hard to gauge. So I looked at my chart and methinks you are good to go.

So my analysis is yes the EURO/DOLLAR is slow and you chart looks good and I think by virtue of upside confluence you tp will be hit and you have a valid trade. Nice! you might even let that upside run like the wind IMO. anywho my analysis is : chart Bueno! Fib levels insano! You look like you are rocking like champ 4x4 must be someting about those North Carolina boys...hehe thats it I am moving.

here is my upside targets would I be trading this,as long as you don;t outright DXtrade any of my fibs and hurt their feelings I am cool hehehe

we look to be about to compete a little 132 looperdooper off of a bullish pennant and get moving oooonnn up.. or not

Sizz

p.s. Where is your partner in crime Pipskateer?
Attached Image (click to enlarge)
Click to Enlarge Name: eurocurrent.gif Size: 13 KB
  • #2,842
  • Jan 28, 2008 11:45am Jan 28, 2008 11:45am
Quoting PiPr Pro
I posted this Friday in advance. Isn't this a perfect placement from last night? If you split the difference on the high, you will see why the target was off by 3-5 pips. Some traders were looking at the high of 214.00 while others like me were choosing the more conservative 213.79 just to get the win and be a few pips short of the TP 161.8. Let me know what you think. But, doesn't this answer your pip perfect questions?
Nice one PP - I also agree totally with your approach in Real Time Trading, be conservative by choosing a level that may NOT be the extreme of the move. I'm also happy to have my exit on the conservative side - in a 460 pip move I think leaving some pips "on the table" is a good idea.
Trading Levels with WRBs
  • #2,843
  • Jan 28, 2008 12:30pm Jan 28, 2008 12:30pm
Quoting seb123
Hi, take a look at my post 2629, thats how I did it. The last fib involves moving the 2nd fib 0 line to the low after the 138 is hit, (in this case only 1/2 pips approx),which I believe Skunny has indicated we should do in certain circumstances,can't remember if I imagined it, no-one else has mentioned it, so be careful, I might be wrong.
Thanks for the reply - the lows I am confused about are just off your chart to the left.
  • #2,844
  • Jan 28, 2008 1:08pm Jan 28, 2008 1:08pm
Quoting waitt96411
Thanks for the reply - the lows I am confused about are just off your chart to the left.
Hi, sorry about that. Ok, the down move was completed with no fibs outstanding and price reversed. At this point IMO, all you can do is wait until the next valid fib forms and is pierced. On the chart, the price moves off the low, you have 2 up bars before a 2 bar retracement, which enters the 38-62 level. (it doesn't matter if it exceeds that level.) Price rises again and reaches the previous hi , at around 154.20(guess), this is the point at which the fib is validated and becomes active, so the trade starts here, target is reached and your're looking for your next valid fib. Hope that helps. it seems to me that after a swing is completed, or you think it is completed, all you can do is wait for the formation of the next valid fib. I may be wrong of course.
  • #2,845
  • Edited 2:34pm Jan 28, 2008 2:11pm | Edited 2:34pm
, target is reached and your're looking for your next valid fib. Hope that helps. it seems to me that after a swing is completed, or you think it is completed, all you can do is wait for the formation of the next valid fib. I may be wrong of course.[/quote]


I think you are dead on from my testing. If you try to make eveything a fib you will fail unless you are in a strong trending market in which case you don;t need a fib just buy or sell with the trend.

. Perpetual 1 time frame fibbing is IMO not accurate at all. There are other time frames working there maybe building a bridge to the next fib. Yer 1hr may complete but there are some 15 minutes a 12.5 minute and 432 1 second fibs that need to complete before we start seeing the new 1hr. etc..
IMO
Sizz.

EDIT: I know we promised not to talk about this because it confuses everyone.. but... did anyone start that Gann thread? I am seeing some sweet stuff from my own testing i want to bounce around.. Issy? I am getting my cheat sheet knocked out.
  • #2,846
  • Jan 28, 2008 2:40pm Jan 28, 2008 2:40pm
Quoting sizzler
, target is reached and your're looking for your next valid fib. Hope that helps. it seems to me that after a swing is completed, or you think it is completed, all you can do is wait for the formation of the next valid fib. I may be wrong of course.

I think you are dead on from my testing. If you try to make eveything a fib you will fail unless you are in a strong trending market in which case you don;t need a fib just buy or sell with the trend.

. Perpetual 1 time frame fibbing is IMO not accurate at all. There are other time frames working there maybe building a bridge to the next fib. Yer 1hr may complete but there are some 15 minutes a 12.5 minute and 432 1 second fibs that need to complete before we start seeing the new 1hr. etc..
IMO
Sizz.

EDIT: I know we promised not to talk about this because it confuses everyone.. but... did anyone start that Gann thread? I am seeing some sweet stuff from my own testing i want to bounce around.. Issy? I am getting my cheat sheet knocked out.[/quote]

Whoops, guess I'd better actually type something!

I do keep finding uses for Gann lines, but I'm waiting for some input from Skunny - and also I'm working on moving up to (trading) from the 15m charts rather than the 5m. Any Gann ideas are welcome - we can always use the GBPJPY Analysis thread - it needs posts to keep it active.
Trading Levels with WRBs
  • #2,847
  • Jan 28, 2008 2:54pm Jan 28, 2008 2:54pm
Quoting Islander
I think you are dead on from my testing. If you try to make eveything a fib you will fail unless you are in a strong trending market in which case you don;t need a fib just buy or sell with the trend.

. Perpetual 1 time frame fibbing is IMO not accurate at all. There are other time frames working there maybe building a bridge to the next fib. Yer 1hr may complete but there are some 15 minutes a 12.5 minute and 432 1 second fibs that need to complete before we start seeing the new 1hr. etc..
IMO
Sizz.

EDIT: I know we promised not to talk about this because it confuses everyone.. but... did anyone start that Gann thread? I am seeing some sweet stuff from my own testing i want to bounce around.. Issy? I am getting my cheat sheet knocked out.[/quote]

Whoops, guess I'd better actually type something!

I do keep finding uses for Gann lines, but I'm waiting for some input from Skunny - and also I'm working on moving up to (trading) from the 15m charts rather than the 5m. Any Gann ideas are welcome - we can always use the GBPJPY Analysis thread - it needs posts to keep it active.
Islander,

I'm all for learning about Gann lines. I see that Skunny hinted about them on this thread but then peeled it back. I also saw where you were getting some very good hits on your Gann line projections when you started posting them here as well. Then I saw that post that Galaxymom referenced on Bo's thread that Skunny had posted which also showed his Gann lines.

I could barely find them in MT4 let alone know how to use them. I think I know where to place them but I haven't a clue on what parameters to use so the line angles go the right way after I place them on a s/r candle. I guess I should prolly find a Gann FAQ somewhere and start from there or better yet maybe it is time to have a companion thread to this thread including Gann lines???

just a thought, but I'm game for more knowledge.........
trading naked.......
  • #2,848
  • Edited 3:25pm Jan 28, 2008 3:21pm | Edited 3:25pm
Quoting Islander
I think you are dead on from my testing. If you try to make eveything a fib you will fail unless you are in a strong trending market in which case you don;t need a fib just buy or sell with the trend.

. Perpetual 1 time frame fibbing is IMO not accurate at all. There are other time frames working there maybe building a bridge to the next fib. Yer 1hr may complete but there are some 15 minutes a 12.5 minute and 432 1 second fibs that need to complete before we start seeing the new 1hr. etc..
IMO
Sizz.

EDIT: I know we promised not to talk about this because it confuses everyone.. but... did anyone start that Gann thread? I am seeing some sweet stuff from my own testing i want to bounce around.. Issy? I am getting my cheat sheet knocked out.[/quote]

Whoops, guess I'd better actually type something!

I do keep finding uses for Gann lines, but I'm waiting for some input from Skunny - and also I'm working on moving up to (trading) from the 15m charts rather than the 5m. Any Gann ideas are welcome - we can always use the GBPJPY Analysis thread - it needs posts to keep it active.

Issy,PHM

Islander You might like getting away from the 5 minutes. I like banging out 15s from 5s and 1hr from 15 though. I traded 5's off ones but the profit margin was so low it was just for testing. this is all based on how I see fibs..

the smaller tf is preferable for tight better MM trades. I would prefer a 30 minute trade for 20 lockdown pips with a 40 pip range to enter as opposed to 200 pips with a 400 pip range that last for 3 days. and over that a 40 pip range with a 200 pip tp that last 30 minutes hehe
5- 15 IMO is the best range trading under the H1. D1...we will see.

Here is where I am at with Gann:

Different setting for different pairs tfs and trade types. My main area of Focus is Time predictivity and early indicator of Fib pierces to dove tail with this. Pretty much all triangles. They are awesome

Can we start a new thread or we can just bang out that GY thread I don;t care either way For me ist is a big reverse engineering game seeing how I can trade them and how they fit.
let me know and we can either wait or start running.

Sizz.
  • #2,849
  • Jan 28, 2008 4:16pm Jan 28, 2008 4:16pm
Quoting sizzler
Issy,PHM

Islander You might like getting away from the 5 minutes. I like banging out 15s from 5s and 1hr from 15 though. I traded 5's off ones but the profit margin was so low it was just for testing. this is all based on how I see fibs..

the smaller tf is preferable for tight better MM trades. I would prefer a 30 minute trade for 20 lockdown pips with a 40 pip range to enter as opposed to 200 pips with a 400 pip range that last for 3 days. and over that a 40 pip range with a 200 pip tp that last 30 minutes hehe
5- 15 IMO is the best range trading under the H1. D1...we will see.

Here is where I am at with Gann:

Different setting for different pairs tfs and trade types. My main area of Focus is Time predictivity and early indicator of Fib pierces to dove tail with this. Pretty much all triangles. They are awesome

Can we start a new thread or we can just bang out that GY thread I don;t care either way For me ist is a big reverse engineering game seeing how I can trade them and how they fit.
let me know and we can either wait or start running.

Sizz.
I like what I'm seeing using 15m & 5m and I know where you're coming from with Gann lines and time - I also have another time methodogy which shows some promise. I cleaned all my gann off my current charts, so I'll have to draw some new ones tomorrow - bedtime now so that I'm awake for FO. Post a couple of charts in the other thread and I'll look tommow.
Trading Levels with WRBs
  • #2,850
  • Jan 28, 2008 4:44pm Jan 28, 2008 4:44pm
Quoting PiPr Pro
I posted this Friday in advance. Isn't this a perfect placement from last night? If you split the difference on the high, you will see why the target was off by 3-5 pips. Some traders were looking at the high of 214.00 while others like me were choosing the more conservative 213.79 just to get the win and be a few pips short of the TP 161.8. Let me know what you think. But, doesn't this answer your pip perfect questions?
Great observation PiPr, last night's low was exactly the difference between these two fibs t2's drawn from the highs of Friday.

And I would love ANY information on how to integrate Gann theories with my current trading strategies. My knowledge of Gann is very limited and I am craving..

P.S. These two fibs are done, btw, and are no longer on my current chart, although it might be interesting to see if they activate and complete on the long side...
Attached Image (click to enlarge)
Click to Enlarge Name: current geppy.gif Size: 25 KB
Has what you wanted to see made you blind?
  • #2,851
  • Edited 8:39pm Jan 28, 2008 8:33pm | Edited 8:39pm
GU was nice to play with this A.M.

Thought I would throw up a chart. This stuff STILL works!

#1: One of these moves a day is all you need!

#2: One of those funky wicks. Bad data?.....Stop running?.....Who cares....still worked like a charm.........hmmmmm........
Attached Image (click to enlarge)
Click to Enlarge Name: gbp 1_28.gif Size: 27 KB
  • #2,852
  • Jan 28, 2008 10:38pm Jan 28, 2008 10:38pm
Hola guys,

here my fibs on GJ for today... whatever it's worth.

211.96 and 210.87 being my points to enter short/long.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
"The only successful substitute for brains is silence."
  • #2,853
  • Jan 28, 2008 11:25pm Jan 28, 2008 11:25pm
I have the same fibs.

TimeFreedom

Quoting DXTrade
Hola guys,

here my fibs on GJ for today... whatever it's worth.

211.96 and 210.87 being my points to enter short/long.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_fibwalking_01-29-08_01.gif Size: 14 KB
  • #2,854
  • Jan 28, 2008 11:56pm Jan 28, 2008 11:56pm
Quoting TimeFreedom
I have the same fibs.

TimeFreedom
Always a better feeling to see that I'm not isolated with my weird fibonaccis
"The only successful substitute for brains is silence."
  • #2,855
  • Jan 29, 2008 1:38am Jan 29, 2008 1:38am
Pound 15M eekin out a livin.........
Attached Image (click to enlarge)
Click to Enlarge Name: poundab.GIF Size: 16 KB
trading naked.......
  • #2,856
  • Jan 29, 2008 1:51am Jan 29, 2008 1:51am
to the pip..........
Attached Image
trading naked.......
  • #2,857
  • Jan 29, 2008 2:14am Jan 29, 2008 2:14am
euro 15, mini fib
Attached Image (click to enlarge)
Click to Enlarge Name: euro2.GIF Size: 21 KB
trading naked.......
  • #2,858
  • Jan 29, 2008 2:27am Jan 29, 2008 2:27am
Quoting DXTrade
Hola guys,

here my fibs on GJ for today... whatever it's worth.

211.96 and 210.87 being my points to enter short/long.
DX,

Did you short expecting a pull back into the dz?
Has what you wanted to see made you blind?
  • #2,859
  • Jan 29, 2008 2:52am Jan 29, 2008 2:52am
No, I went long after the break of the 61.8 of the smaller fib (red)
This was a confirmation for me after the retracement to the 50 area of the blue fib and the resumption to the upper side.
Maybe it was too early... but thats how I felt it
And I will close half of my position in the 212.70 area if it reaches there
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
"The only successful substitute for brains is silence."
  • #2,860
  • Jan 29, 2008 3:52am Jan 29, 2008 3:52am
Quoting DXTrade
No, I went long after the break of the 61.8 of the smaller fib (red)
This was a confirmation for me after the retracement to the 50 area of the blue fib and the resumption to the upper side.
Maybe it was too early... but thats how I felt it
And I will close half of my position in the 212.70 area if it reaches there
Yeah, had the same impressions with similar fibs. Had a few short tf fibs fail to the short side so that reinforced impressions. Cut for loss after unable to make new high and making new low (short tf). Just watching now.
Has what you wanted to see made you blind?
2 traders viewing now