Indicator Free Trading - Skunny | Page 155 | 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

  • #3,081
  • Feb 2, 2008 2:01pm Feb 2, 2008 2:01pm
Quoting PiPr Pro
hey all - slept about 6 hours over 3 days - tired, but anticipating greater things. Lots of Fib / Gann stuff. I've been looking at it from very different viewpoints than what has been posted here just to test and find an AHA moment. But it's not working out well so far because of some moves that don't work. On GJ sometimes on M5 after substantial moves that end a cycle (138.2 or 161.8 target attainment) after one M5 bar opposite direction you can draw fib on the previous move range that has just completed and place a Gann line on the range H or L. The Gann line scale is -10 for H placement and +10 for L placement on M5 scalps. From the Gann interview:

"I have found that the law of vibration governs and controls these conditions. I have also found that certain phases of this law govern the rise in a stock and an entirely different rule operates on the decline."

This may be the case on larger time frames?? This results in many retracements being hit on the Gann and fib line simultaneously. Because this is a M5 trade it usually hits this point within 7-12 bars (less than an hour). Stops are tight due to retracement. The problem trades may be due to larger time frames fib completion. Will keep testing and advise if appropriate.
Thanks for the update and the Gann line settings for the 5M PiprPro. I'm going to study those closely because I really have been trading pretty much exclusively on the 15/5M lately. One does have to "watch out" for other larger time frame fib placements but I can get in and out of a 5M trade and wait for the next set up without having to wait for hours on end.

The one thing that really appeals to me on the 15/5M charts is my ability to enact a "rescue" trade in the event things don't go well. The stops are smaller and the swings aren't as big so I can enter smaller positions initially and then scale in for more pips, and if need be I can send in some more troops on a rescue mission with proper MM on a 5M cycle than on a larger time. I have actually turned some dead dogs into positive pips using the methods I have learned over in fti's thread on MM and his teachings on the the Art of War as related to trading. Trading is a battlefield and the conditions change all the time and you must win the battle.......there is no other option, period.

Before, on some trades, I would have just stopped myself out and taken a loss, but now I don't go into a trade without my contingency plans for possible rescue mission. Nothing is worse than a loss.
trading naked.......
  • #3,082
  • Feb 2, 2008 2:18pm Feb 2, 2008 2:18pm
Quoting dagoods
I have no idea how to draw gann lines properly...who does really? maybe gann did and maybe skunny...but certainly not me.... but if u want to play on DEMO like me...here is what i do with these silly lines.... I use an indicator! just kidding...well not really... I use a tool or two.... but i am finding its better off drawing them by hand here is howzer i try to dos it....


go to higher tf and find the triangle (big major swing high low and gann it up and down though at least 2 points.... then go back in time and do the same, try different methods its lots of fun, kinda reminds me of etch a sketch!!!

more specifically I use the channel drawing tool on mt4 and I only draw them through points of at least 2 major swing points if that makes any sense, and i love to see 3 points cause it makes me warm and fuzzy...otherwise u have too many lines.... its all fun and games and i would NEVER trade them...(although trendlines I do trade especially when they line up nicely with a fibarooney) but trendlines are current lines and gann lines are past lines that someday become current lines IMO...I play with these ganns because I just like to see where trouble MAY occur (possible reversal zones).... a down sloping linear line from a previous swing, along with a pareelel line/channel can SOMETIMES be a support area on a future swing and vice versa..... MY 2 cents....

BUT I am so so very far away from mastering fibs that gann is just confusion right now...so............... need mre testing anyone that wants to vhands with me PM me so we can bag that moley grail already!!!
That charts you draw are soo uglly..

at UBS Dealingroom, the charts from traders are far more precise and simplier to watch.
Trainee at UBS Investment Banking
  • #3,083
  • Feb 2, 2008 4:11pm Feb 2, 2008 4:11pm
Quoting th_ngue21
That charts you draw are soo uglly..

at UBS Dealingroom, the charts from traders are far more precise and simplier to watch.

uglly and simplier eh....hmm sounds like a mispelled spammer post but... maybe u have good intentions... should we check out these simplier charts guys? anyone familiar with this? rather not waste my time with what skunny calls indicator CRAP ... can u assure you are not trying to sell us some indicator based garbage?

and if u do have good intentions pm me a website y dont ya... otherwise positive contructive posts are much more appreciated


lets see one of your magic charts that isnt uglly

PS dont know about you but i am making progress by leaps and bounds with my vhands practice... heres another uglly chart for ya
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gann3 touch.gif Size: 15 KB
Click to Enlarge Name: gann3 fast forward.gif Size: 16 KB
  • #3,084
  • Feb 2, 2008 4:31pm Feb 2, 2008 4:31pm
Quoting dagoods
PS dont know about you but i am making progress by leaps and bounds with my vhands practice... heres another uglly chart for ya
Ugly is the new beautiful....................
trading naked.......
  • #3,085
  • Feb 2, 2008 4:39pm Feb 2, 2008 4:39pm
Quoting th_ngue21
................at UBS Dealingroom, the charts from traders are far more precise and simplier to watch.
congrats on the new position, post some trade analysis. let's see how smart you are.
  • #3,086
  • Feb 2, 2008 4:58pm Feb 2, 2008 4:58pm
Quoting th_ngue21
That charts you draw are soo uglly..

at UBS Dealingroom, the charts from traders are far more precise and simplier to watch.

Well....

My hunch is that if it were not for the rules set out in POST #1 of this thread, you might receive many more replies to the constructive and helpful post that you made!

Good luck with your trading and let us know when you open your thread here at FF to enlighten us all....Thanks!

Quote
Skunny Post #1: I will not address negative comments and I expect other not to either.
  • #3,087
  • Feb 2, 2008 5:22pm Feb 2, 2008 5:22pm
Quoting PiPr Pro
Islander, I am not sure who or what made you think you shouldn't post your ideas any further but may I recommend you continue to do so. You and several other posters here are offering trade ideas that hold great promise. How accurate has the back testing of your 144 M5 bar Fib/Gann projections been? One of the charts you posted was ridiculously accurate.
Agreed. I always love checking out Islander's charts. Skunny started this thread so we could figure things out ourselves, and trying new things is how we do that. Since we only know 1% of what Skunny does, how can we be sure of what is relevant and what is not? As long as it's related to Fibonacci or Gann type of analysis(and other related methods), I think it belongs here on this thread.
  • #3,088
  • Feb 2, 2008 6:47pm Feb 2, 2008 6:47pm
HAHAH free (for a second) I broke away from the family stuff and snuck into the office A couple quick things for real since I don;t ahve time to ramble.

Because of How I learned to and do trade I look for , shapes, line and repeating patterns. I am not at home with the (what I THINK is) an indicator based logic of "if then" statements as much. hence it is very broadenng for me to make a rigid methodology and follow it.

I AM seeing a bunch of repeating patterns as trade setups etc with more schart time just looking for fibs. Dagoods made me think of this.

I was thinking about compiling a doc of all the patters or "setups" I see that allow me to zoom in for Skunny fibs after I am done testing ( my last test failed FYI I blame you issy!!! hehe)

Anywho I smell steak and i need another brew , so I posted my failed testing fib on UY( if anyhelp on this would be buenoI htink it is a swing or tf issue) and Skunny of anyone more knowledgeable then me I am posting 2 EJ charts.. can someone tell me which one they like more or both or neither? Obviously Skunny it would be tony the tiger to hear from you as always

also i am hearing alot of lets wait and I am kind of stuck or whatnot about this.. well crimeny I am so wrong it is frightening with this, 99% of the time but this isn;t JUST profitable trading folks... that is easy IMO just get a positive expectancy systems or method and have MM tighter then a dolphins blow hole.

This is so much more. I will be wrong all day because everytime I am it moves me closer this is awesome. I am nobody, but trading is my job. not saying I am good or bad at it, this is still the most amazing thing I have ever seen relative to trading. It get me charting all day. I am am sure i am really wrong 99.999% but I don;t care I will get it eventually. Worth all the blood sweat tears and money spent. I guess point is press on and get at those charts.

IMO glad to be here thanks for the the thread Skunny and all the maniacs on this thread... uh oh they are on to me I ahve to go!! wow my quick is a normal persons long.


Sizz
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uyfailed.gif Size: 19 KB
Click to Enlarge Name: ej$hr.gif Size: 15 KB
Click to Enlarge Name: doornumber2.gif Size: 17 KB
  • #3,089
  • Feb 2, 2008 9:26pm Feb 2, 2008 9:26pm
You know how you read a book and then some time read it again and didn't realize you missed a certain detail the first time around that seems to stand out glaringly now?

Now that we have over 200 pages here, try this...go back to some random page number in the thread and look for Skunny posts, you know the kind, where he shows up out of nowhere after we all run in circles for 3 pages on our own...and he says something...anything....

You might see something new now from an outside perspective even if you thought you were in the zone when he first said it.

Edit: I just realized I've become as implicit as some of Skunny's original posts....
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #3,090
  • Feb 3, 2008 2:19am Feb 3, 2008 2:19am
I truly appreciate skunny's wisdom and the way he has given us great ideas.But I have some suggestion since this discussion is for heterogenous crowd comprising of newbie's to expert traders I request some expert (although skunny would be the most right person for this) to briefly write up the gist of discussion in a simple language which can be understood by newbie trader like me. I hope somebody is surely out there to help the newbie's like us.Thanking You in anticipation. Although i went through all the posts in the thread after sometime I got lost .I hope keeping in with skunnys advice of keeping things simpler I request all the experts please in simpler words help us to understand what is going on.Thank you once again.
  • #3,091
  • Feb 3, 2008 2:42am Feb 3, 2008 2:42am
Quoting bhatiaashish007
I truly appreciate skunny's wisdom and the way he has given us great ideas.But I have some suggestion since this discussion is for heterogenous crowd comprising of newbie's to expert traders I request some expert (although skunny would be the most right person for this) to briefly write up the gist of discussion in a simple language which can be understood by newbie trader like me. I hope somebody is surely out there to help the newbie's like us.Thanking You in anticipation. Although i went through all the posts in the thread after sometime I got lost .I hope keeping in with skunnys advice of keeping things simpler I request all the experts please in simpler words help us to understand what is going on.Thank you once again.
There is a compilation/FAQ post in here somewhere?? I think skunny should add it to page #1 but.....in the meantime, on the top of the page click on the little paper clip icon and that will list all of the 780 attachments to this thread. Look for the .pdf attachment as that will be the document you are looking for but remember...there are no shortcuts, read the whole thread from the very start, you will be much better off to do so, believe me.
trading naked.......
  • #3,092
  • Feb 3, 2008 2:55am Feb 3, 2008 2:55am
Here you go:
Attached File(s)
File Type: pdf Skunny_posts.pdf   659 KB | 906 downloads
"The only successful substitute for brains is silence."
  • #3,093
  • Feb 3, 2008 11:01am Feb 3, 2008 11:01am
Skunny, i want to personally thank you for sharing such great information with everyone here. I am now trading successfully thanks to you. I am your humble servant. I didnt think i would ever get thru the excercises...but they are what opened my eyes..and wow, yes it is possible to trade near perfect....

My sincere gratitude

HH
  • #3,094
  • Edited 9:11pm Feb 3, 2008 12:07pm | Edited 9:11pm
Dagoods, Pip'r, Galaxymom, Lowell, Izz, DXT, Sizz, Pip'man, Bo, Skunny :

Update to #3060.

Weekly Red Fib (High Low previous Week)
Daily Blue Fib (High Low previous Day)
Trade Black Fib (Previous Day's 138% to 62%, price above Previous Day's 50%. or Previous Day's 38% to -38%, price below Previous Days' 50%.)(Black Fib slides between Fib's, not pulled.)

Trade 38's to 38's, Enter on 5% above or below target entry 38%'s, depending on which direction you are going.
(38's = 162, 138, 100, 62, 38, 0, -38, -62 -100).
To confirm entry, wait for 5 min. candle to close above or below your target entry %.
Close on touch of 5% below target close 38% line.
(38's = 162, 138, 100, 62, 38, 0, -38, -62 -100).
Also, don't forget retracement to 62% or 38% and a return to Target Entry Fib also confirms a high probability trade towards your target.

Issue seems to be determining how to account for the "pause" Skunny mentioned.

See Attachement Below (continuation from #3060, #4)

Thoughts?
==================
Gann's next?
Attached Image (click to enlarge)
Click to Enlarge Name: ej 020108 5min 7.gif Size: 43 KB
  • #3,095
  • Feb 3, 2008 12:42pm Feb 3, 2008 12:42pm
Quoting BarneyDog
Dagoods, Pip'r, Galaxymom, Lowell, Izz, DXT, Sizz, Pip'man, Bo, Skunny :

Update to #3060.

Weekly Red Fib (High Low previous Week)
Daily Blue Fib (High Low previous Day)
Trade Black Fib (Previous Day's 138% to 62%, price above Previous Day's 50%. or Previous Day's 38% to -38%, price below Previous Days' 50%.)(Black Fib slides between Fib's, not pulled.)

Trade 38's to 38's, Enter on 5% above target entry 38%, 5 min. candle closing above 5% target entry 38%. Close on touch of 5% below target close 38%. (38's = 162, 138, 100, 62, 38, 0, -38, -62 -100). Also, don't forget retracement to 62% or 38% and a return to Target Entry Fib.

See Attachement Below (continuation from #3060, #4)

Thoughts?
==================
Gann's next?

Hi BarneyDog and fellow Skunions,

Just a suggestion, I am a simple man and it is almost impossible for me to comment on your chart. In light of what Skunny is trying to teach us. I will reserve comment on anything that is set up differently then the way his charts are. I feel inadequate (sp?) to comment on a chart with all these different trading sessions, ganns, and a bazillion different fib levels, etc. A chart set up in this manner only serves to confuse me and seems to lead in directions other then what the Skunster is trying to teach us, at least for now.

I'm not singling you out, there are lots of others posting charts going in all directions. I think it is fine to personally chase these rabbit trails but it only serves to confuse the rest of us.

I am finally starting to understand PAS/R and make sense of the FX market and I must say, Skunny's basic charts and one-liners are what has gotten me to this point. It has been more helpful for me to re-read the first 50 pages of this thread again and again. Then the last 150 pages. Just my JMHO.
  • #3,096
  • Feb 3, 2008 12:51pm Feb 3, 2008 12:51pm
Here are a few of my trades using what I see. Great thread
Attached Image(s) (click to enlarge)
Click to Enlarge Name: hellige gralv10v(merk sammenhengende).gif Size: 41 KB
Click to Enlarge Name: helliggralstor1382target1.gif Size: 41 KB
Do what thou wilt shall be the whole of the law.
  • #3,097
  • Feb 3, 2008 3:59pm Feb 3, 2008 3:59pm
hear ya loud n clear lowell... thanks bud...one last thing though!!!


GO GIANTS!!!

  • #3,098
  • Edited 4:28pm Feb 3, 2008 4:14pm | Edited 4:28pm
Hola Gang,

I am still coherent despite the impending superbowl , so I figured hey... why not do some charting!? of course. isn';t that your first thought with some free time?

I think is was Galaxymom or someone on Bo's thread when I GASP checked out the other fib thread to make sure Thex wasn't awol ,who was talking about the GU drop.

Now I don;t particularly care for this pair or any USD pair, but I was curious to see about it as news and a severe drop etc did it break fibs..? Could we ahve been prepared for this? Why is guacamole so delicious?? Turns out we could of and for the dip? well that is magic

This is top down TF fibbing based on a new set of No discretion based fibs since my last UY fib broke on my old theory and Lowell had to save me from jumping off a bridge hehe . It is 2 pips off on this data feed. Smoke em if you got em!

Charting is one thing but trading is another we dont; go over enough IMO. This would have had to have(IMO) been traded from PASR... just a run away train getting short on the break of .9811-9800 ( 1hr or 15m) or sooner if you are a whiz or were a gambler. Fibs would have set our TP on break of 9790 and we would have been happy campers

Go team of your choice!!! I am partial to the g men since they are not the patsies!!!

Sizz

Edit: Lowell, does that mean if I have a 256 color mandala based chart this is NOT the place? what about the chart I made based on the harmonic astrology in my back yard or "the sizzca lines" as the neighbors call it... please advise..
Attached Image (click to enlarge)
Click to Enlarge Name: gunews.gif Size: 18 KB
  • #3,099
  • Edited 11:39pm Feb 3, 2008 5:28pm | Edited 11:39pm
Quoting sizzler
Hola Gang,

I am still coherent despite the impending superbowl , so I figured hey... why not do some charting!? of course. isn';t that your first thought with some free time?

I think is was Galaxymom or someone on Bo's thread when I GASP checked out the other fib thread to make sure Thex wasn't awol ,who was talking about the GU drop.

Now I don;t particularly care for this pair or any USD pair, but I was curious to see about it as news and a severe drop etc did it break fibs..? Could we ahve been prepared for this? Why is guacamole so delicious?? Turns out we could of and for the dip? well that is magic

This is top down TF fibbing based on a new set of No discretion based fibs since my last UY fib broke on my old theory and Lowell had to save me from jumping off a bridge hehe . It is 2 pips off on this data feed. Smoke em if you got em!

Charting is one thing but trading is another we dont; go over enough IMO. This would have had to have(IMO) been traded from PASR... just a run away train getting short on the break of .9811-9800 ( 1hr or 15m) or sooner if you are a whiz or were a gambler. Fibs would have set our TP on break of 9790 and we would have been happy campers

Go team of your choice!!! I am partial to the g men since they are not the patsies!!!

Sizz

Edit: Lowell, does that mean if I have a 256 color mandala based chart this is NOT the place? what about the chart I made based on the harmonic astrology in my back yard or "the sizzca lines" as the neighbors call it... please advise..
Sizz.......splitting my sides as usual...........oh, and remind me to put you on ignore if those charts get posted, lol.

Seriously folks, my opinion is just that, my opinion. I enjoy the team effort on this thread, just seems to be deviating lately from the simple instructions Skunny has given.

No offense meant to anyone!
  • #3,100
  • Feb 3, 2008 5:40pm Feb 3, 2008 5:40pm
Quoting hharrington
................................... yes it is possible to trade near perfect....

My sincere gratitude

HH
Please share your fib set ups or ideas.
5 traders viewing now