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Indicator Free Trading - Skunny

  • #3,021
  • Feb 1, 2008 6:14am Feb 1, 2008 6:14am
Short intermezzo for some small pips:

EJ just hit the 138 to the pip exactly on the gann line cross (well... pretty much )
More and more open-mouthed here
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"The only successful substitute for brains is silence."
  • #3,022
  • Edited 8:33am Feb 1, 2008 6:22am | Edited 8:33am
Dagoods:

Didn't like the experiment of fibs on the 38-0. Went back to the previous method.

See Below.

See DX's above too for a comparison

------------
Hmmm, maybe the 100 to 62 in this case works. Wonder if a fib is pulled based on price --- 100 to 62, pull fib there; 38 to 0, pull fib there. See 2nd below.

------------
Hmm, Hmm, wonder if all 3 work: 100 to 62, 38 to 0, and the 1st one below.

Bares looking into.
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  • #3,023
  • Feb 1, 2008 6:26am Feb 1, 2008 6:26am
Quoting DXTrade
Short intermezzo for some small pips:

EJ just hit the 138 to the pip exactly on the gann line cross (well... pretty much )
More and more open-mouthed here
no sleep - studying Gann all night, finding some interesting patterns, articles, and have purchased some original books, etc.

http://www.tradingfives.com/square_of_nine_charts.htm

I have no connection with this site - some interesting info.
  • #3,024
  • Feb 1, 2008 7:42am Feb 1, 2008 7:42am
No comment

My first loss in 2008...
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"The only successful substitute for brains is silence."
  • #3,025
  • Feb 1, 2008 8:35am Feb 1, 2008 8:35am
DXTrade
dxtrademasterfibberguy
Member Since Jul 2007
Posts: 136
http://mystatus.skype.com/smallicon/ulimewes

http://www.forexfactory.com/images/icons/icon1.gif no comment...
No comment

My first loss in 2008...




DXT, when/where will you put the next Gann fan, based on your last attachement?
  • #3,026
  • Feb 1, 2008 8:44am Feb 1, 2008 8:44am
Can a cycle also be based on time?

For example, can you start your fibbing based on a 4 hour candle, say 7pm to 11pm or 2am to 6am or 5pm to 9pm?

You'd still follow the implied guidelines mentioned in the thread, Retracement, 5 min closes, 100 138, 0 -38, 138 100, -38 0.
  • #3,027
  • Feb 1, 2008 8:59am Feb 1, 2008 8:59am
Commiserations DXT - its too much of a coin toss for me, especially now the brokers have got wise, we cant even make a straddle any more....http://www.forexfactory.com/images/icons/icon8.gif.....

However, its interesting how these differing methodogys stack up......mm, I feel that more midnight oil will be burnt....
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Trading Levels with WRBs
  • #3,028
  • Feb 1, 2008 9:03am Feb 1, 2008 9:03am
When were 5 min closes official Skunny canon? Did I miss something? I've wondered for a while now what TF determines having a real "break." I remember one poster here mentioning a 5 min break above a 1 hour candle gets to the 138% extension almost everytime...is this what you are referring to?

Edit--This is in reference to Barney above, should have quoted him. post 3026.
  • #3,029
  • Feb 1, 2008 9:32am Feb 1, 2008 9:32am
Quoting 24HourTrader
When were 5 min closes official Skunny canon? Did I miss something? I've wondered for a while now what TF determines having a real "break." I remember one poster here mentioning a 5 min break above a 1 hour candle gets to the 138% extension almost everytime...is this what you are referring to?

Edit--This is in reference to Barney above, should have quoted him. post 3026.

sizzler mentioned something but i thought he said 15 min to 1 hour????

and i thought skunny mentioned that with 15 min that 00 and .30 times were more important than the 1/4 hours????

sizz???

anyone???

Skunny????
  • #3,030
  • Feb 1, 2008 9:54am Feb 1, 2008 9:54am
Quoting dagoods
sizzler mentioned something but i thought he said 15 min to 1 hour????

and i thought skunny mentioned that with 15 min that 00 and .30 times were more important than the 1/4 hours????

sizz???

anyone???

Skunny????
Hey Dagoods,

I'm not sure what TF is traded is all that important. I like to trade 1H but I'll drop to 15m or 5m sometimes to get a better idea of whats happening, sometimes the bars will allow a better or more comfortable entry or exit.
Skunny did mention that if someone is trading 15m bars, they should be aware of which one they are on as you suggest.
Whatever TF is used, the higher TF's should be checked also. I think its just a matter of being aware of where you stand in the scheme of things, taking a look above and below your chosen TF will help that.
  • #3,031
  • Feb 1, 2008 10:19am Feb 1, 2008 10:19am
Quoting seb123
Hey Dagoods,

I'm not sure what TF is traded is all that important. I like to trade 1H but I'll drop to 15m or 5m sometimes to get a better idea of whats happening, sometimes the bars will allow a better or more comfortable entry or exit.
Skunny did mention that if someone is trading 15m bars, they should be aware of which one they are on as you suggest.
Whatever TF is used, the higher TF's should be checked also. I think its just a matter of being aware of where you stand in the scheme of things, taking a look above and below your chosen TF will help that.
Hi Seb we were referring to what TF constitutes an official break as opposed to just a penetration of support/resistance.

By the way PiprPro thanks a bunch for that Gann reading list, I'll be getting those books shortly.
  • #3,032
  • Edited 10:42am Feb 1, 2008 10:30am | Edited 10:42am
Quoting seb123
Hey Dagoods,

I'm not sure what TF is traded is all that important. I like to trade 1H but I'll drop to 15m or 5m sometimes to get a better idea of whats happening, sometimes the bars will allow a better or more comfortable entry or exit.
Skunny did mention that if someone is trading 15m bars, they should be aware of which one they are on as you suggest.
Whatever TF is used, the higher TF's should be checked also. I think its just a matter of being aware of where you stand in the scheme of things, taking a look above and below your chosen TF will help that.

great advaice seb...thanks for the input and thoughts.... do u have any suggestion for the original poster (and me as well) as to trying to trade 1 hour candle breaks? i beleive this was the system this post was trying to refer to???? in other words i beleive he is referring to skunnys original execise and fibbing a candle (skunnys exercise was for weekly but this poster is fibbing hourly candles i beleive) and sizzler and others mentioned lower timeframe breaks as being significant to that and reaching their target many times....although I havent yet tried it this way....and I remember the beginning of the thread that these targets were often times missed, but mostly hit to 138....and then skunny told us that soetimes you must fib more than just one candle..... sometimes its one candle and sometimes its 10 12 whatever..... this is the dilemma and causes confusion, then came the whole walking the fibs thing....which to me is still a mystery but we have been playing with the ideas of finding fibs that hit perfectly in the past and moving them forward from there and I have tried many things including finding perfect 38 and 61 hits, for one.... and/or drawing fibs (all different ways) but the same each time without discretion for each theory I come up with and seeing how these theories hold up....but i still have no set system per se and I still am at a loss for the skunny method personally where you can hit perfect 138/161s......
so....

can you or can anyone else post any "rules" you have found to be at least 95% accurate...

in other words lets post some simple rules we all can follow that apply each and every time..... we all have different sytems it seems..... galaxymom(and others) it seems has been following the bo method....lets leave that alone for now since skunny said that this is not what he is teaching us on this thread..... and I will leave my variation theories alone for now as well.... I'm glad about this post cause I think (for me anyway) i would like to go back to simplifying and back to trying to find the mechanics behind the skunny fib method(s) before trying to move on...... so after all this time(which is really not that long after all)

WHAT HAS EVERYONE DISCOVERED ABOUT SKUNNYS METHOD THAT IS SURE? (tough question isn't it!?)

PS here is my contribution...(not tested enough yet though HELP!!!!!!!! please help me backtest this!!!) see chart below..theroy 1 waas I noticed that skunny had fibbed side by side pinbars on more than one occasion...do these ALWAYS REACH THEIR TARGETS?

theory 2 double bottom fibs(or double tops if that is the situation)... (middle fib on my chart)

do these ALWAYS REACH 138??? 161????

so far in forward testing it looks promising to me, but my computer is on the fritz and I cant vhands for now
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  • #3,033
  • Feb 1, 2008 10:53am Feb 1, 2008 10:53am
Quoting dagoods
can you or can anyone else post any "rules" you have found to be at least 95% accurate...

in other words lets post some simple rules we all can follow that apply each and every time..... we all have different sytems it seems..... galaxymom(and others) it seems has been following the bo method....lets leave that alone for now since skunny said that this is not what he is teaching us on this thread..... and I will leave my variation theories alone for now as well.... I'm glad about this post cause I think (for me anyway) i would like to go back to simplifying and back to trying to find the mechanics behind the skunny fib method(s) before trying to move on...... so after all this time(which is really not that long after all)

WHAT HAS EVERYONE DISCOVERED ABOUT SKUNNYS METHOD THAT IS SURE? (tough question isn't it!?)
Hi Dagoods, I think we should be careful about an individuals personal "rules" however inviting it may be. The slightest error could send people off on a wild goose chase and confuse everyone. Then again it might be a good idea! Who knows?

I've made a few posts and references to how I process my fibs in the H1 TF. I find that they are holding up pretty well and that I can bring a swing to a 138 conclusion most times. But not all. There is still a gap in my understanding.
Funnily enough tho, a question posed recently about cycles has given me fresh eyes, so to speak. Piperpro answered it and after seeing that, it made me think of how I would define a cycle, and that led me to checking it out, albeit in a limited fashion. Over the last 3 days, in EJ there have been 5 or 6 "cycles" in the 1H TF, all ending at the 138 level, and not easily spotted. If each individual fib is processed from start to finish. At that point the price reverses and a new cycle started and ended at 138. After each "cycle" the direction reversed. Could this be Skunny's "price goes up then down then up..." ? The latest swing (down) has ended at a 162 level to the pip, (that seems to validate your definition Piper, lol) , and I now believe we have the next up cycle in progress. My necks on the line now! This may be just co-incidence or me seeing what I want to see, I'd welcome the views of anyone else inteersted in this.
  • #3,034
  • Feb 1, 2008 11:15am Feb 1, 2008 11:15am
seb can u post a chart of this alleged ej 161 lol and previous swings u had walked as well? ty
  • #3,035
  • Feb 1, 2008 11:16am Feb 1, 2008 11:16am
[quote=dagoods;1831555] ..but we have been playing with the ideas of finding fibs that hit perfectly in the past and moving them forward from there and I have tried many things including finding perfect 38 and 61 hits, for one.... and/or drawing fibs (all different ways) but the same each time without discretion for each theory I come up with and seeing how these theories hold up....but i still have no set system per se and I still am at a loss for the skunny method personally where you can hit perfect 138/161s......
so....quote/]

Dagoods
I forgot to answer this for you. My view is that we should process each valid fib, begining from the end of a swing (start of new one). The target for each fib is the 138 level. My view is that it doesn't matter if it hits to the pip or not, target reached! Thats one fib, now find the next valid fib (which may already exist) and follow that to its target. I keep up this process until I can wangle an exact hit at the 138 level. I have to admit it sometimes takes me a while to find, tricky little blighters! So in effect I'm building the swing based on small fibs based on 1 or several hourly bars. I sometimes get left wondering what happens next, as the price just reverses before a 138 is hit but I am now wondering if cycles may help to understand and explain this. Anyhow, have a try and see how you go.
  • #3,036
  • Feb 1, 2008 11:35am Feb 1, 2008 11:35am
Quoting dagoods
seb can u post a chart of this alleged ej 161 lol and previous swings u had walked as well? ty
what???? ok I'll post my current chart, but not previous swings. Things to do man, places to go, people to see etc. Take a look at my earlier posts and let me know if they don't make sense to you.

On the chart, the yellow fib is the fib that brings the up cycle to an end IMHO, don't forget I'm struggling with this too! I'm not saying I'm right!!
The down cycle constist of a green and a red fib which ends at the 162, and in my new found opinion is the end of that down cycle. (I'm digging such a hole for myself if this is all rubbish, lol). The green down fib is a tricky one and is a 2 stage process I've outlined it before in earlier posts.
On the down cycle, the 100 level of the red fib is breached before reversing and completing. I am thinking that this is because the direction is down, so should be ignored. What do you think?
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  • #3,037
  • Feb 1, 2008 11:54am Feb 1, 2008 11:54am
I would say be careful about rules at this point. Sharing experiences, Ahh-Ha moments, is great, but until we get some guidance from Skunny, self-discovery is still the buzz word for me.

and btw, Dagoods, just for your understanding, for me, out of all the courses I've taken over the past 9 months, and yes, I'm very new compared to the majority of you, Fibonacci's were never discussed or no more that a 1 paragraph discussion. So, yes, I have gone to Bo's thread to gain an understanding of how it all works and fits together and for the better understanding of support and resistance as it relates to fibs so I have a foundation to build upon. I will not apologize for my work on my charts, but if you guys are bothered by them, I will not post them.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #3,038
  • Feb 1, 2008 12:05pm Feb 1, 2008 12:05pm
Quoting galaxymom
I would say be careful about rules at this point. Sharing experiences, Ahh-Ha moments, is great, but until we get some guidance from Skunny, self-discovery is still the buzz word for me.

and btw, Dagoods, just for your understanding, for me, out of all the courses I've taken over the past 9 months, and yes, I'm very new compared to the majority of you, Fibonacci's were never discussed or no more that a 1 paragraph discussion. So, yes, I have gone to Bo's thread to gain an understanding of how it all works and fits together and for the better understanding of support and resistance as it relates to fibs so I have a foundation to build upon. I will not apologize for my work on my charts, but if you guys are bothered by them, I will not post them.
please dont misunderstand me mom! i have nothing but respect for you and all your hard work and thanks and appreciation for your sharing! kudos to you! you are further along than me for sure! i apologize if u took my post the wrong way, sincerely.... and Bos thread is terrific and wonderful and i read it as well....but i was just saying that I may have gotten this thread off track a bit and I confused myself and I would like to learn skunny...thats all.... please post MORE!!! someitmes i wonder why i post so much since I know so little I was just hoping that all all you others that know more would post more and not just riddles like Skunny ... (hey I can hope ) lol


galaxy mom YOU RULE!!!!!
  • #3,039
  • Feb 1, 2008 12:45pm Feb 1, 2008 12:45pm
No Problem Dagoods, I just do not want to add to the confusion
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #3,040
  • Edited 4:48pm Feb 1, 2008 12:59pm | Edited 4:48pm
Quoting Dunkan
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

Actually it is... I picked mine up in a wild weekend charting in Bangkok. Bad news bars!

That EU experiment was a Shockaroo miserable failure. So back to the chart drawing boards

I see the fib that makese sense In this chart and makes the up side target bueno, but how would I have gotten there? that is the question. Unless I have a time machine, that does me no good. IMO getting them to hit is not so hard, but getting them pip perfect or close and thus defining a set, repeatable, methodology.. so very challenging. Phew.

OK so I will take it back to elementary S/R! you trade a break or a break and close if you are prudent IMO. These are the ways I would have seen this real time had I been trading on this fast of a tf. This had a rocking bull bar after break so we waited

My hope is you can see how this can be explained in fib. This fib I have on here is how I see the range defined now. This is obviously support and resistance unless you use a different definition. A wrong one. KIDDING hehe

I think it pretty self explanatory from the chart ,but basically

Historical support from looking back and range support by all the touches.. once broken and closed.. shorts! we feel short, so we wait and then after that big rejection candle and historical support rejection, we short on rejection with a tight stop at the top wick of the rejection candle OR the catastrophic stop where we would most certainly start having buying INTEREST.

I would never trade this on 1H tf as I just like D1H4 better for this as the moves are more trustworthy to my non fibmaster eye plus this is counter trend to me DESPITE the doji. too risky for my boodocks.

Ok, also I have a "few" trading platforms. and I am a "little" disorganized at times. Maybe the above will still help figger it out, but get your socks rocked on this second chart I found while moving around some trades wondering where it all went wrong.

Now it is obvious to me this is a D1 or an H4 perfect fib completion. this was drawn before hand and forgot about Dagoods style. This is non discretionary and I can explain why I did everything and repeat it. the variable now is time frames. that will make my weekend better Frickin Time frames. Check it out Da Dunk a Dunk! helmet on !

This makes my partner in Crime ,L dog's, Tf theory so right it is nutbar! You win again Lowell!! I will get you one day narr!. ( Snidely whiplash voice )

So maybe the first SR chart helps and was totally(supercarefully) tradeable if you wanted IMO, but the fib chart is my baby. It is so much less work intensive and you get that warm feeling like drinking too much beer in the pool and just not getting out of the pool.

..wait did He just say that?
He did! Pee in the pool??grosss!!!!
he wouldn't pee in my pool! I would kill him! he is never getting in my pool now. Tinkler! use the john like a man!! hehehe


Sizz.

charts are reversed and the catastrophic stop is not at 1.5 but the closest historical high. Also since dailies are complete( yes they are their cycles are complete at least for this method), We could zoom into H1 and trade that aqua fib IMO.
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