Indicator Free Trading - Skunny

Hi Brunite，

Can not agree more.Skunny has given enough to improve our skill.
I guess even when I change the proverb as below,it is also right.

“When the student make it, the teacher will disappear”

Hello Brunite,

congrats to your post... although the analogy with baseball is a hard one for a poor german guy. Baseball isn't really a national sport in Europe and I only learned the rules when I was too old to play it

But seriously... you are absolutely right... and if my post from yesterday provoked this post... well... it was worth it

I had my period yesterday, got some bad news from other peoples and will need to move from Thailand to Egypt and not have Internet connection there for some weeks. In short... I was already pissed before posting.

Enough said... the Daily fib indicator posted yesterday has a bug. It calculated the hours of the day wrong...
Here's the fixed version...sorry for that.

Here is my take on GJ for today:

The last big swing retraced back inside the DZ.
But it's taying above the 50% and above the Pivot.
The high/low of yesterday is sitting on S1 and R1
So price is likely to go up to yesterdays high, clustering with the high of the bigger swing and R1.
So either it will bounce back down from there... or if it breaks then the 382 extension of the daily high/low or the bigger swing is the next upper target.

The downside has similar S/Rs... but it still looks more like an up movement.

Addition:

it needs to break the Gann line before entering a trade.

[quote=DXTrade;1835100.....................got some bad news from other peoples and will need to move from Thailand to Egypt and not have Internet connection there for some weeks. In short... I was already pissed before posting. .....................[/quote]


DXTrade, your email to Skunny wasn't wrong, nor was your apology. Many people here either feel the same way now or did at one point. It is frustrating to work so much harder than everyone else in your life and yet still have obstacles in your forex trading. But, Skunny has made a decision in this area, right or wrong, that we should learn in a manner similar to how he learned. And since he did the same it doesn't make me feel so bad.

You have been making some great posts. And, I believe if you are confined to several weeks of vHands trading with no internet connection when you move you will come out of it very pleased with what you learn in that time. You will be a better forex trader if you keep at it. I know you know all of this, but I wanted to tell you I appreciate your analysis posts. See ya.

Thanks Pipr Pro,

makes sense as well.

Anyway... for all the indicator junkies... I have updated my boxed fib indicator and added the daily pivots.
I believe that pivots together with fibonacci S/R levels are still the most used S/R levels by all traders... specially the big players moving the markets.
So they are still valid.

And with the below indicator you have all in one.

Next To-Do list: add the automatic drawing gann lines to this indi
Will take some more time...

below is how it looks on a white and black chart with no other indicators involved.

So I`m watching this bug walk out from under my baseboards towards the kitchen.

He takes 100 steps turns around walks exactly 62 steps back towards me. Wiggles his little bug butt at me as he turns back around and walks another 100 steps into the kitchen.

Finds himself a little leftover oreo cookie that one of my crumbsnatchers decided not to throw away and has his way with it.

After he gets his belly full he walks 62 steps towards me then turns back around for 24 steps to take a bug dump on my floor.

Passes gas then heads back my way 100 steps into his Happy little Hacienda.

And I swear as I`m counting all this out.............He came fib steppin by me chanting A B C D, A B C D, A B C D.

Am I doing something wrong?

lurking in the dark

Hehe. Because some of us are going square-eyed over vhands.

Others are too busy seeing bugs moving in fibo sequences.

When we are all rich, just imagine the therapists we can pay for.

So , I`ve got it figured out now.

I`m going to catch that bug, learn his language, and torture him untill he tells me the secret of the Universe.

How dare him come out here and taunt me while I am on the brink of this amazing discovery.

Question is.......Can I figure this out thru Vhands first .......or would it be quicker to speak with him?

Opinions? Anyone?

For what it is worth, here is what I am doing on vhands.

Draw DXTrades weekly and daily fibs (thanks DXTrade) to show 'big boss' s\r that might override my smaller fibs.

I started by pulling a smaller fib within the daily range and placing practise trades triggered by these fibs. I would do well for a while, then take a bath when a bad trade came along and hit a 100+ distant stop loss.

I stopped dummy trading and started watching and drawing fibs. I quickly realised that the sheer speed at which vhands crunches data meant I was missing the fibs within fibs.

Now I am watching for opportunities to draw smaller fibs within the larger one, deleting them when the reach the end of their cycle, eventually repeating this when the larger one finishes. I delete the larger one at the start of a new week.

I am seeing lots of smaller winning trades with very few losers. I am much happier shooting for +20 in a few hours than +300 in a few days. Maybe that is all my tiny brain can cope with.

All good stuff, but I should be in bed. That therapist is going to earn the money. :surprised

a serious clue hidden in a joke:

why does the chicken cross the road?

Pipr,

Enough with the riddles

Steve and Dave nice to see you 2 joining in the funnies!

Well, here we go from the chart earlier today...

Long from 210.80

The ea that manages NicoTina's 8 hour strategy set the pending orders and a buy has triggered.

Looking at the fib I drew yesterday, there looks as though there will be considerable resistance to further progress at 211.72, well short of the +100 tp. If the price gets that far, I shall set a be of +10 and see what happens.

That's buggery.

*ducks to avoid hurled boots*


:

Hi DX sorry about your move, nice chart and Gann line - I've got the same http://www.forexfactory.com/images/icons/icon12.gif

Hey DX!

Thanks to you and everyone else for the kind words!

Also.....no need to apologize for your thoughts. I'm pretty sure we've all felt the frustration. Since I started with this thread about 5-6 weeks ago; I've had wondrous AHA moments as well as feeling like I was beating my head against a wall. I think I was starting to stray away from Skunny's admonition to K.I.S.S.

I truly believe what I said.....there is GOLD in this thread. Different strokes for different folks, of course.....but the foundation is there. When the thread started to feel overwhelming, I went back to what the originator had to say, looked with a clean perspective, and, things started to make sense in a way that I could use this "tool" that works for me. I have decided to re-read every Skunny post at least monthly......I'm sure new nuggets will pop out with each read.

To those that may be having more trouble than others......practice and chart time will show you what you are looking for. Some of this just will not come without some degree of actually DOING it. Me.....I've traded and been watching charts for years.....already had a "feel" for PA.....Skunny has just shown the "why" and "how" it will move in the forseeable future......he has filled in a lot of the blanks for me. I know many others here come to the table with years of experience. Others who are brand new to trading should expect a reasonable learning curve.

By no means do I think I have it all.....just enough to beat whatever I've seen before. I'll always add whatever new nuggets Skunny puts out. I appreciate and consider the ideas that everyone else has put forth as well. In fact.....I AM looking forward to playing with those GANN lines. My hunch is just MAYBE they will ultimately show us a way to determine, in advance, pretty much exactly where price and time will intersect.

What worked for me....to see this in a way that worked for me....was to stop rushing things....slow down....back to basics. Look at the chart HH mentioned. Look at the 2 bar chart Skunny posted. I really think the foundation is all there......to build this however best works for us......whatever time frame.....whatever risk tolerance......whatever pair........stare at those charts and THINK about how you would like to trade and then consider if there is something there that could help you do it the way you want. I don't think there are any wrong answers. This is a tool to be used as we see fit......I believe that was Skunny's original intention.....give us some cool new tools to go and play with and figure out how we want to best use them.

Enough babbling......

Good Luck to all......I look forward to this group continuing on this path towards the freedom that trading can give.

to get to DX's easter eggs