Indicator Free Trading - Skunny | Page 151 | 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

  • #3,001
  • Jan 31, 2008 4:07pm Jan 31, 2008 4:07pm
Quoting Dunkan
Hey guys,

Quick question: here is a euro chart where the pink fib has "hinted" that long is the way to go. Retracement subsequently gives the idea that short is the play, and the blue fib may be drawn. Now does this mean that the pink fib is obsolete since both sides have activated and neither has reached extension? And what about the blue fib? Is the play for the blue fib to be short? Many of my "bigger" fibs have been activing like this lately. Would these fibs even be considered valid? Any comments would be appreciated.
Hi Duncan,
ok here's my crack at this. First chart shows long swings, but not a close hit.
2nd chart shows a small fib in blue, when the 138 is hit there isn't another valid fib to call on. I moved the fib to the first real s/r (yellow fib) and that provides the target which narrowly overshoots. I didn't have time to work all the small fibs from the low to the hi so I can't be certain about the last 2 fibs shown, but it looks ok. So the upshot is you wouldn't have been looking to buy on the break of the first hi. Hope this helps.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euhr1.gif Size: 20 KB
Click to Enlarge Name: euhr2.gif Size: 23 KB
  • #3,002
  • Jan 31, 2008 4:11pm Jan 31, 2008 4:11pm
Quoting Dunkan
Hey guys,

Quick question: here is a euro chart where the pink fib has "hinted" that long is the way to go. Retracement subsequently gives the idea that short is the play, and the blue fib may be drawn. Now does this mean that the pink fib is obsolete since both sides have activated and neither has reached extension? And what about the blue fib? Is the play for the blue fib to be short? Many of my "bigger" fibs have been activing like this lately. Would these fibs even be considered valid? Any comments would be appreciated.

didint look at ur chart just tried to fib for myslef..ala skunny style.... easier said then done...and much eaasier in hindsight...but maybe this is helpful? maybe u should ask pipr or islander or someone else who is superskunnified....

my 2 cents if your fibs are risky or your fibs aint working the way u want them to...fix em or find another way to use them.... is there any hints that maybe a fib is wrong? i thought sizzler(and others) said he/they looks for completions of perfect 138 fibs and then wait and fib again later when they have enough inof (easier said then done IMWO)










ps i fib little moves WELL within the boundaries of the bigger moves to limit my risk and exposure.... hope this helps

AND MY PIK FIB COULD BE WRONG BUT ITS MY BEST GUESS
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 16 KB
  • #3,003
  • Jan 31, 2008 4:12pm Jan 31, 2008 4:12pm
Quoting Dunkan
Hey guys,

Quick question: here is a euro chart where the pink fib has "hinted" that long is the way to go. Retracement subsequently gives the idea that short is the play, and the blue fib may be drawn. Now does this mean that the pink fib is obsolete since both sides have activated and neither has reached extension? And what about the blue fib? Is the play for the blue fib to be short? Many of my "bigger" fibs have been activing like this lately. Would these fibs even be considered valid? Any comments would be appreciated.
Hi Dunkan, here's my take on it. I think that what Skunny has stressed more than anything is getting in the flow of the market. Now of course, my interpretation could be "wrong" according to Skunny and others here, but its my interpretation of the flow, yours may be different as well.

As you can see I have a former cycle still on the chart in light blue. It achieved its target at 1.4880...actually it surpassed it a little to 1.4906 which is now my new buy point on the fib grid in yellow. I have placed the low of the yellow fib grid at 1.4737, although its arguable that it could be placed a few candles over to the right.

Anyway, you will notice two things here. First is that we have that "hint" breakout and then second we have a retrace to the 62% retracement area of the yellow fib grid. Once that hint appears up there, I've pretty much eliminated any shorts until things play out a little more (again, this is just my view, others may feel different). I think that the "hint" also has more clout given that the 62% level has held strongly so far.

I hope that helps.
Attached Image (click to enlarge)
Click to Enlarge Name: euro h1 jan 31.gif Size: 15 KB
  • #3,004
  • Jan 31, 2008 4:30pm Jan 31, 2008 4:30pm
Quoting BarneyDog
DaG....
It is rough waiting for feedback....like, dude, logon, read the reply, and answer all in real time.

Don't know how you, Sizz, Lowell, and Izz have the patience.

I wonder if we could come up with a commercial for the Super Bowl.

We could have animated the picture of Bo in is BRA (Bo's Radical Attire) along with a similar picture for Skunny and do a repeat of the Less Filling, Tastes Great Wrestle Mania.

I will get back to you but this one will take some time to digest...lol that is one fib web u have there lol.... my brain is fried right now and i am overfibbed for the day.... tommorow witha fresh fib head would be better ... till then

D
  • #3,005
  • Edited 4:47pm Jan 31, 2008 4:43pm | Edited 4:47pm
Okely Dokley havent; posted a chart in a second

Here is EU As I see the immediate.right now, trade picture. We can pull a quick 75 pips out of her nose. IMO. Clean set up. Good lines. I feel Rhully good about this despite my viscious charteye syndrome. Fun little demo trade. The testing goes on.

Dagoods take this on demo with me or not. we are short until .4781 yippes test trading! hehehe

Sizz.
Attached Image (click to enlarge)
Click to Enlarge Name: ewwwwww.gif Size: 17 KB
  • #3,006
  • Jan 31, 2008 4:56pm Jan 31, 2008 4:56pm
This is my first post on ForexFactory so I hope you will all go easy on me ;-)

My brother brought this Forum and this particular thread to my attention a few weeks ago, since then we have been discussing trading Forex (something I had never done before) as well as many of the ideas in this thread.

We have been having some lengthy arguments about what Skunny means by many of his posts, my brother has a tendancy to take them litterally while I tend to take them in more of a "casual comment" kind of way . . who knows which of us is right.

One thing that has cropped up in the last few days is the definition of a key term that is used repeatedly by many posters on this thread. If everyone engaging in a conversation does not know the definition of a key term then the whole point of the conversation is deafeated . . . communication. So with this in mind I thought I would ask . . . .


What is a cycle ?



There are 247 posts in this thread that contain the word Cycle

When you use the word cycle what do you mean . . does everyone mean the same thing ?
20 pips a day isn't too much to ask . . .
  • #3,007
  • Jan 31, 2008 5:59pm Jan 31, 2008 5:59pm
Quoting RaptorUK
............................................
What is a cycle ?

There are 247 posts in this thread that contain the word Cycle

When you use the word cycle what do you mean . . does everyone mean the same thing ?
Here you go............................just kidding - I'll post a chart in a moment to show you.
Attached Image (click to enlarge)
Click to Enlarge Name: bicycle.GIF Size: 8 KB
  • #3,008
  • Jan 31, 2008 6:16pm Jan 31, 2008 6:16pm
Quoting PiPr Pro
Here you go............................just kidding - I'll post a chart in a moment to show you.
Below is a simple chart posted by Skunny where the "cycle" is completed. A cycle would be defined as the movement of a currency pair up and down or sideways hitting the different Fibonacci points with out reaching the ultimate destination of a completed cycle which is the 138.2 or 161.8 Fibonacci line depending on both whom you speak with and what time frame they are using. Note in the picture the currency pair completed its "cycle" by touching the 162 (actually 161.8) line. Or the final take profit point that Skunny would have been looking for. Many other charts would have the currency moving all over the different fib lines looking very messy to the untrained eye until they complete their cycle.

P.S. - welcome to the forum
Attached Image (click to enlarge)
Click to Enlarge Name: GJ cycle complete.gif Size: 14 KB
  • #3,009
  • Jan 31, 2008 6:36pm Jan 31, 2008 6:36pm
end of cycle........capiche
Attached Image
trading naked.......
  • #3,010
  • Jan 31, 2008 6:56pm Jan 31, 2008 6:56pm
Quoting sizzler
Okely Dokley havent; posted a chart in a second

Here is EU As I see the immediate.right now, trade picture. We can pull a quick 75 pips out of her nose. IMO. Clean set up. Good lines. I feel Rhully good about this despite my viscious charteye syndrome. Fun little demo trade. The testing goes on.

Dagoods take this on demo with me or not. we are short until .4781 yippes test trading! hehehe

Sizz.
I'm with you on this one Sizz, even though E/U has done nothing but go UP UP UP for the last 7 yrs, right now its looking like a good short scalp here, maybe tonight in FOLO ...... lower highs, lower lows, good bounces at the upper DZ, currently bouncing at the 50, I'd like to see a few bounces on the lower DZ before entering though.

We all know that sooner rather than later though it will rise beyond that hourly pin bar and keep going up.
trading naked.......
  • #3,011
  • Jan 31, 2008 7:15pm Jan 31, 2008 7:15pm
Hello everybody,

it was night here... had to lose a pool competition and to sleep. So here the updated chart, a bit late!

The below chart is the exact same from 24 hours ago. I didn't change the fibs or the easter eggs.
Note again: the easter eggs have been drawn BEFORE the fact.

The green entry and exit have been hit to the pip!
And the entry down? OK... I admit, it missed the target by 6 pips and the red circle by 1 hour. But that still is close enough for me!

And as in normal trading I would have moved my small fib during the day/night it would have brought the target closer and would have hit.
I hope you know what I mean.

The only thing I realized is: The Gann Fan is changing. I draw the red circles yesterday exactly on the cross of my gann with the 138 fib... and now its not there anymore. Weird.

I'm more and more impressed...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 26 KB
"The only successful substitute for brains is silence."
  • #3,012
  • Jan 31, 2008 7:28pm Jan 31, 2008 7:28pm
So now I moved my fibs and the lower gann fan.
Long because the price went in the DZ of the bigger and the smaller fib and came back up.
TP at the cross of the gann with the 138 extension, which is the high of yesterday as well... small cluster

Don't forget the NFP today guys... but anyway... we don#t care, we are skunbofibbers
Attached Image (click to enlarge)
Click to Enlarge Name: gj1.gif Size: 31 KB
"The only successful substitute for brains is silence."
  • #3,013
  • Jan 31, 2008 8:08pm Jan 31, 2008 8:08pm
Quoting piphitman
end of cycle........capiche
  • #3,014
  • Jan 31, 2008 8:13pm Jan 31, 2008 8:13pm
Quoting DXTrade
Hello everybody,
......................The below chart is the exact same from 24 hours ago. I didn't change the fibs or the easter eggs.
Note again: the easter eggs have been drawn BEFORE the fact.
.......................
OK - this is getting scary accurate- will begin to focus here also.
  • #3,015
  • Jan 31, 2008 8:21pm Jan 31, 2008 8:21pm
How about squaring of price and time of the fib swing?

Always wonder if it works ...............
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.gif Size: 101 KB
  • #3,016
  • Jan 31, 2008 8:24pm Jan 31, 2008 8:24pm
Thanks for all the great replies guys; I think my issues as of late have to do with not being patient enough to let the market come to me (retracements) and forgeting to consider the bigger picture (larger tf).

Sometimes with gy (which we all love so much), fibs get SO big even on the smaller tf that you may think the big picture is one direction and in reality, it's just a retracement of a larger fib.

And I'm with you sizz, shorts are on for eur
Has what you wanted to see made you blind?
  • #3,017
  • Edited 10:35pm Jan 31, 2008 9:32pm | Edited 10:35pm
Quoting Dunkan
Thanks for all the great replies guys; I think my issues as of late have to do with not being patient enough to let the market come to me (retracements) and forgeting to consider the bigger picture (larger tf).

Sometimes with gy (which we all love so much), fibs get SO big even on the smaller tf that you may think the big picture is one direction and in reality, it's just a retracement of a larger fib.

And I'm with you sizz, shorts are on for eur
I agree GY is as calm as a humingbird on amphetamines. She just takes some extra TLC. IMO. ... tell you what though working,with fun pairs really make working with majors easy. ... as I fail this EU fib LOL

also if my fib is right and seriously use your leap of faith on my jump to conclusions mat... cuz if it is right we are heading right back up to 1.4959. Can;t hold those Euro bulls back for long especially now with evermore postive interest rate differential..sheesh. i am REALLLY interested to see how this plays... if it works it is my dream trade structure I am not in. 100+ MPP 2-5 PIP stop. I hope I got it right and wrong in the same breath either way it is going to be painful hehe


Sizz
edit ..looking at it again pa is saying you mucked up..your low on your second fib should be 4802.. eeediot!!! there is no shorting the euro.. fool! meh twt folo pyt bbq rofl ttyl
  • #3,018
  • Jan 31, 2008 11:28pm Jan 31, 2008 11:28pm
Quoting sizzler
edit ..looking at it again pa is saying you mucked up..your low on your second fib should be 4802.. eeediot!!! there is no shorting the euro.. fool! meh twt folo pyt bbq rofl ttyl
Thank goodness myopia is not contagious, moving fib to latest swing means we are going up not down, as retracements come higher on lower fib
Has what you wanted to see made you blind?
  • #3,019
  • Feb 1, 2008 1:51am Feb 1, 2008 1:51am
post from smjones last year and some Gann news clippings attached
Quoting smjones
I have read a great deal about W.D.Gann.

Here are some reference materials.

The Difinitive Guide To Forcasting Using W D Gans's Square of Nine,
by Patrick Mikula

This is the best bookl there is on this subject, without exception.

Market Math Gann Angles by Gene Nowell
This is an e book and is very well written. It is full of all kinds of general info about gann's math. It is available at his web site. You will have to google, I don't feel like posting a link.

How to Make Profits In Commodities
by W. D Gann

This was the second to the last book he wrote. It was in 42 and is very difficult reading, but if you can get through it you will know every thing about Gann

Gann Simpified by Cliff Droke

This book will give you a good over view of the main indicators and ideas of Gann, such as Swing high and low and fans and 1x1 to 1x4 angles and degrees and such.


That should get you up to speed.
Attached File(s)
File Type: pdf Gann_News_Clippings.pdf   124 KB | 817 downloads
  • #3,020
  • Edited 5:39am Feb 1, 2008 4:53am | Edited 5:39am
Quoting PiPr Pro
Below is a simple chart posted by Skunny where the "cycle" is completed. A cycle would be defined as the movement of a currency pair up and down or sideways hitting the different Fibonacci points with out reaching the ultimate destination of a completed cycle which is the 138.2 or 161.8 Fibonacci line depending on both whom you speak with and what time frame they are using. Note in the picture the currency pair completed its "cycle" by touching the 162 (actually 161.8) line. Or the final take profit point that Skunny would have been looking for. Many other charts would have the currency moving all over the different fib lines looking very messy to the untrained eye until they complete their cycle.

P.S. - welcome to the forum
Hi Piperpro, the question of what is a cylcle is very interesting, I'm not sure it has ever been fully examined in this thread, touched on, yes, but not definitively nailed down. I like your definition but I've got an alternative, I'm really not sure about it, it keeps nagging at me, but somehow it seems to make some sort of sense to me. I'll throw it in for everyone, what do you and everyone else think? Any alternatives?

A cycle can be described as a price swing from hi to low or vice-versa, where the swing consists of 1 or several valid fibs and which ends at the 138 extension level of one the fibs in the swing, to the pip! (+/- a few pips). At this point the cycle is finished and a new cycle begins.
Skunny said that "price goes up then price goes down, then goes up again." I am taking my que from that as when the 138 extension is reached to the pip, the price does generally reverse. I'd really like to get this sorted , so any other views, contradictions, agreement even?
3 traders viewing now