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Indicator Free Trading - Skunny

  • #2,941
  • Jan 30, 2008 12:20pm Jan 30, 2008 12:20pm
Quoting learningtheropes
Another great chart/fib drawing. By George, I think he's got it!!!
I don't know... but it worked out again
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"The only successful substitute for brains is silence."
  • #2,942
  • Jan 30, 2008 12:29pm Jan 30, 2008 12:29pm
Quoting DXTrade
I don't know... but it worked out again
Actually on one of my feeds it was absolutely perfect to the pip, congratulations
  • #2,943
  • Jan 30, 2008 1:12pm Jan 30, 2008 1:12pm
Quoting dagoods
HI ALL.... was just wondering if it means anything when a t1 -138 OR 138 IS NOT HIT????

INPUT WELCOME AND APPRECIATED.....

PS I WISH SKUNNY WOULD WEIGH IN ON THIS ONE....BUT IF NOT CAN U ALL VAHND AND TEST WITH ME PLEASE! THANKS!
Skunny has brought something neat to my trading, fibs are not always drawn on the most recent or obvious support and resistance. I use the 38.2 and the 61.8 for the clues of a well fit fib, but not until Skunny did I start to look in weird places for S&R and to find where the 61.8 and the 38.2 fir well. Yes - this sometimes means backing the fib up to previous support or significant candle. So I think if OUR fibs miss T1, then OUR fibs were wrong.
  • #2,944
  • Jan 30, 2008 1:31pm Jan 30, 2008 1:31pm
Quoting PiPr Pro
Skunny has brought something neat to my trading, fibs are not always drawn on the most recent or obvious support and resistance. I use the 38.2 and the 61.8 for the clues of a well fit fib, but not until Skunny did I start to look in weird places for S&R and to find where the 61.8 and the 38.2 fir well. Yes - this sometimes means backing the fib up to previous support or significant candle. So I think if OUR fibs miss T1, then OUR fibs were wrong.

PIprpro,

Sheesh you don;t read my posts either? hehe Ding ding ding Winnah! That was a great aha moment. Good for you. I agree completely. In my rambly way I have been freaking out about that here for the last couple weeks I think. pretty neat eh? Markets show us S/r and the fibs confirm it. Bueno Keep up the good posts! Good stuff all around

Sizz.
  • #2,945
  • Jan 30, 2008 1:46pm Jan 30, 2008 1:46pm
Quoting sizzler
PIprpro,

Sheesh you don;t read my posts either? hehe Ding ding ding Winnah! That was a great aha moment. Good for you. I agree completely. In my rambly way I have been freaking out about that here for the last couple weeks I think. pretty neat eh? Markets show us S/r and the fibs confirm it. Bueno Keep up the good posts! Good stuff all around

Sizz.
OH sorry oh great SIZZLER STEAK HOUSE - your just a BUFFET of knowledge aren't you - enjoy your posts always - very humorous. I said to my wife the other day - I wonder what this guy is smoking. Luv u man, yawn - I was honping for some BIG post FOMC movement - yawn
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  • #2,946
  • Jan 30, 2008 1:59pm Jan 30, 2008 1:59pm
Quoting PiPr Pro
Skunny has brought something neat to my trading, fibs are not always drawn on the most recent or obvious support and resistance. I use the 38.2 and the 61.8 for the clues of a well fit fib, but not until Skunny did I start to look in weird places for S&R and to find where the 61.8 and the 38.2 fir well. Yes - this sometimes means backing the fib up to previous support or significant candle. So I think if OUR fibs miss T1, then OUR fibs were wrong.

ty pipr and I agree that the fib is wrong if u were using it to try for a 138 and it didnt hit that 138.... my real question is whether or not the wrongness of that fib can be used as a hint..... remember skunny said in one of his earliest posts to watch what happens when price does not acheive its target, or something to this effect....

My challenge to all here is to do as skunny challenged us way back in the begininng and determine what happens when price does not acheive 138

If I am wasting my time...please let me know....
  • #2,947
  • Jan 30, 2008 6:03pm Jan 30, 2008 6:03pm
Here is one of those things of beauty.
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Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,948
  • Jan 30, 2008 7:27pm Jan 30, 2008 7:27pm
Here's my GJ. After updating my chart, and looking at the just completed move down, knowing that price will retrace, and that the Daily(Intraday fib) 38 level would be the logical destination, the swing or inner fib's TP2 gave the perfect indication how far price was going.
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Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,949
  • Jan 30, 2008 7:46pm Jan 30, 2008 7:46pm
Quoting PiPr Pro
OH sorry oh great SIZZLER STEAK HOUSE - your just a BUFFET of knowledge aren't you - enjoy your posts always - very humorous. I said to my wife the other day - I wonder what this guy is smoking. Luv u man, yawn - I was honping for some BIG post FOMC movement - yawn
Did someone mention Buffet?? you found me secret Laddy I come from a the rpud lines of Von Sizzlers we are a steak house family born and bred. all that cow explains how I can spew and endless supply of erhm... bull manure

but seriously I picked my forum nick after A buffet steak house.. heheh it was that or Walmart-zler, Pondaros-azler, or OldcountrybuffetFx. HAHAHA

It works out because My broker (TrucktireonmylawnFx) accepts my foodstamps ahahaha now I might have to change my name;0

PIprpro Sarcasm duly noted i read my post had it coming LOL I am a moron hehe "back when I invented the trend line... "

Ur posts are great too... I don;t know maybe I need to start smoking it might calm me down yup yup FOMC was a nice Anti event more testing for me instead. talk to you guys tomorrow morning in foggy London town. FOLO FO SHO.

The Sizzle and the Steak
  • #2,950
  • Jan 30, 2008 8:08pm Jan 30, 2008 8:08pm
Quoting galaxymom
Here's my GJ. After updating my chart, and looking at the just completed move down, knowing that price will retrace, and that the Daily(Intraday fib) 38 level would be the logical destination, the swing or inner fib's TP2 gave the perfect indication how far price was going.
Great analyses...
Never thought about using the small fib to find the retrace point!
"The only successful substitute for brains is silence."
  • #2,951
  • Jan 30, 2008 8:08pm Jan 30, 2008 8:08pm
Got home from work, took a look at the 'beast", saw that it was in a free falling (as Skunny would say Waterfall) waited for things to calm down a bit, fibbed out my lines from DXtraders easter egg chart. Went down to 5 minute to watch the DZ, saw price bouncing around in between the DZ area, made my move on the red arrow and entered a long @ 210.87, rode it up to TP1 and exited the trade with 76 piparoonies, all this before suppertime.

See you guys later in FOLO time.
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trading naked.......
  • #2,952
  • Jan 30, 2008 8:17pm Jan 30, 2008 8:17pm
Quoting piphitman
fibbed out my lines from DXtraders easter egg chart.


Here another easter egg:

sell at the 210.90 area as its the break of the low of the blue fib and the down break of the 38.2 of the last retrace.

I dont see any up movement right now... so just down right now
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"The only successful substitute for brains is silence."
  • #2,953
  • Jan 30, 2008 8:18pm Jan 30, 2008 8:18pm
Quoting dagoods
ty pipr and I agree that the fib is wrong if u were using it to try for a 138 and it didnt hit that 138.... my real question is whether or not the wrongness of that fib can be used as a hint..... remember skunny said in one of his earliest posts to watch what happens when price does not acheive its target, or something to this effect....

My challenge to all here is to do as skunny challenged us way back in the begininng and determine what happens when price does not acheive 138

If I am wasting my time...please let me know....
dagoods, from my own time spent on the charts and vHands, when a fib doesn't complete, it can often be that a larger time frame fib did. There were some examples several posts back where I asked Skunny why he wouldn't of traded my fib. His answer to me was showing where another fib was completing at it's target. He also said if we knew where weekly was headed, confirmed with daily, and then traded hourly... Well to me this means that we need to know whats going on in the bigger pictures. IMWO I believe the smaller time frames are just as important when trading the larger ones, but Skunny has not confirmed that. A second thing I've noticed often is when my target doesn't get hit, it usually will get hit on the opposite side.

Hope this helps
The market is like the matrix - it is you that must learn to bend
  • #2,954
  • Jan 30, 2008 8:47pm Jan 30, 2008 8:47pm
Quoting GridTrader
dagoods, I've noticed often is when my target doesn't get hit, it usually will get hit on the opposite side.

Hope this helps
Boy o Boy and i thought I was the only one...... there are still some people alive and kicking and searching for the MOLEY MOLIER and MOLIEST QUAILERS!!! ha ha ha here's some more fibaruskimaloonies to spin ur head around fellow fibsters...

IS IT TRUE THAT THERE ARE HINTS ALL OVER THE PLACE? DUNNO? COULD BE... IS IT TRUE THAT YOU CAN FIND GREATER ENTRIES AND RIDE BIG SWINGS? HMMMMMMMMMMM

I DUNNO BUT DANG GONE IT FIBBLEGANSTAS I SURE GONNA KEEP AT IT!!!!







PS Sizzler: howd that u/chf fib work out? just curious
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  • #2,955
  • Edited 8:58pm Jan 30, 2008 8:52pm | Edited 8:58pm
Quoting DXTrade
Great analyses...
Never thought about using the small fib to find the retrace point!
All the credit for that goes to what I'm learning in Bo's Thread.

PS: I decided, even though Skunny said what he and Bo do is different, if I could understand how all the fib levels, s/r,etc. work together, as we progress along this journey, it will be easy to adapt and mutate a trading plan, system, method, __________, for lack of a better term, that brings me to the place where the road rises up to greet me.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #2,956
  • Jan 30, 2008 9:09pm Jan 30, 2008 9:09pm
OK, let's try an experiment:
I added a gann fan to my chart and put to areas where the target should be hit. That would be too cool if I could even say at what time of the day my target will be hit.
I know... I may ridiculise myself completely now if the price goes anywhere except where I want it to be, but no worries: spank me, laugh at me... I deserve it!
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"The only successful substitute for brains is silence."
  • #2,957
  • Jan 30, 2008 9:10pm Jan 30, 2008 9:10pm
DX, is that a preview of Spiderman 4?
  • #2,958
  • Jan 30, 2008 9:13pm Jan 30, 2008 9:13pm
Quoting GridTrader
.................... A second thing I've noticed often is when my target doesn't get hit, it usually will get hit on the opposite side.

Hope this helps
Have either you or dagoods found the point that tells you the trade is over and switch to opposite extension? Take my GJ trade today, thus far it has not hit the +138.2 target it was setting up for and when it broke the swing 38.2 @ 212.53 I closed out the trade for a measly 80 pips (should have been 325 pips). As Skunny said if you see it setting up to go the opposite direction it's time to get out or hedge the opposite to take profit on that swing until you eventually take profit on your first trade. That's assuming you had the fib right in the first place. Any ideas on this reversal point?
  • #2,959
  • Jan 30, 2008 10:15pm Jan 30, 2008 10:15pm
Quoting GridTrader
IMWO I believe the smaller time frames are just as important when trading the larger ones, but Skunny has not confirmed that. Hope this helps


Hey GridTrader,

Maybe i don't fully understand what you are saying but I am pretty sure that the LARGER time frame trump the smaller time frame or in other words the larger TF have more significance and weight than the smaller TF. So major S/R have more weight the larger the time frame and usually harder for the price action to break, but when it does ---look out. Probabilities are higher also ---so on a day or week or month if one were to see a double top or a head and shoulders it is more likely to happen than if it were seen on a 5 or 15min chart.
  • #2,960
  • Jan 30, 2008 10:16pm Jan 30, 2008 10:16pm
Quoting DXTrade
OK, let's try an experiment:
I added a gann fan to my chart and put to areas where the target should be hit. That would be too cool if I could even say at what time of the day my target will be hit.
I know... I may ridiculise myself completely now if the price goes anywhere except where I want it to be, but no worries: spank me, laugh at me... I deserve it!

that is soooooooooooooooooooooo nice.... u fibgagsta u!!!! didnt skunny mention something about price goes up...then down....then up again....then back down.....then back up and vice versa.... my math skills aren't too good, and elliot waves just confuse me but..... i think thats what he said...... seems your fib is drawn straightaway through all 5 of dem moves??????????????????? is there a reason for dat there dxtrademasterfibberguy????? boy this just goes on forever don't it? no end in sight

rock on fibtesters!
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