Question is.......Can I figure this out thru Vhands first .......or would it be quicker to speak with him?
Opinions? Anyone?
20 pips a day isn't too much to ask . . .
Indicator Free Trading - Skunny
- #3,183
- Feb 5, 2008 5:24am Feb 5, 2008 5:24am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Here is the gy chart with the Nico breakout system ea trade successfully concluded. Once the price broke the fibo Buy and Daily High entry points, I was confident the trade would succeed.
Had the tp been topside of Target 1, I would have moved it beneath and sacrificed a few pips for security. As it is, +100. Lovely.
Had the tp been topside of Target 1, I would have moved it beneath and sacrificed a few pips for security. As it is, +100. Lovely.
- #3,184
- Feb 5, 2008 5:54am Feb 5, 2008 5:54am
to get to DX's easter eggs
Forgot them today...But the trade announced earlier worked out fine for some 90 pips, Target was R1
P.S. Getting closer to make my indicator draw the Gann Lines
"The only successful substitute for brains is silence."
How accurate have you found the fibo profit targets? TrevA
Awesome question. 98-100% accurate. In my "day" job I am a PASR trader and I would set my targets based on the SR I saw. I found that if I used fibs and used them "correctly" it was like adding a whole lot of BAM! to my trading.
Trade shapes,bars, patterns and lines? Put some fibs on there to lock down your TPs. You can probably just "see" where they should go but how about where they really are?.
I normally can either stack on a bunch more ,not so obvious to me, pips OR reel it in so my tp gets hit and I don't have a retrace or reverse and have to manually take myself out of the market and bleed pips. Really helped. Like putting bacon on your cheeseburger
DXTRADE
You sly dog!! nice little break out SR trade there. I don't know if I haven;t been looking or just not seeing, but that last trade was a beauty. I am complled to post a chart on it since I think it was awesome and made 100% of sense to me.
three strong bounces off of S/R signalling bullish tendancy, last minute triangle break. tp one is the first line on break. we stack up for tp two oh whats that?? scanning out we had dead air until tp 3 at 212.38!! maybe I will buy back in on that bounce of tp 1 and pig out! great little 15 minute trade!! SPOT ON!!!
Crazy that fibs were like a little cheat sheet!!! And about Egypt, uh I thought we talked about the Maldives?? I had my bags packed for a vacay! LOL
seriously making 100 pips a day or so can't you quit that day job yet?
Tell them to get stuffed. Sizz
- #3,187
- Edited 8:54am Feb 5, 2008 8:38am | Edited 8:54am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #3,188
- Edited 9:13am Feb 5, 2008 9:01am | Edited 9:13am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
fibbing the double bottom on 4 hour???? hmmmmmmmmmmmm
theory being a double bottom indicates a significant support level......
so far has been releiable..... but....not enough testing yet...
anyone care to help me test it?
come to think of it this was a triple bottom...hmmmmmmmmmm
notice a buy trade on this fib would have failed (so far at least)
anyone have thoughts on the next fib placement? on 5 minutes 1 minute? curious as I am demoing a million theories still
theory being a double bottom indicates a significant support level......
so far has been releiable..... but....not enough testing yet...
anyone care to help me test it?
come to think of it this was a triple bottom...hmmmmmmmmmm
notice a buy trade on this fib would have failed (so far at least)
anyone have thoughts on the next fib placement? on 5 minutes 1 minute? curious as I am demoing a million theories still
- #3,190
- Feb 5, 2008 9:18am Feb 5, 2008 9:18am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #3,192
- Feb 5, 2008 9:22am Feb 5, 2008 9:22am
- Joined Apr 2007 | Status: Evil Kraut | 2,559 Posts
notice a buy trade on this fib would have failed (so far at least)
I've read the entire thread but didn't find anything regarding this. The risk/reward is horrible. Regards - Xaron
- #3,193
- Edited 9:47am Feb 5, 2008 9:32am | Edited 9:47am
that was wild. I would have gotten salughtered on that pre Bell sneak attack.
Looks like my brothers from a different mother, the Ifib crew, made out like bandits though !nice work guys. Have fun with the rest of your day! looks like you can take a nap
Here is the Fib I saw and I didn;t take it long BUT this has happened to me before... so I am left to believe it is news. I get a break and WHAM death from above. Oh the joys of Small tfs. Skunny mentioned news like this
I am overall short biased had no confirmation from the master and the slave broke up then panic pulled it down to complete pip perfect and then slide on through.
Anywho here is my chart can anyone see anything I didn't? I am left to think this is news and would play it on down side break or just sit out. The mini fib is was and will be valid possibly an early indicator since its tp was the sell line LOL. and who enters on pierces, we wait for a retrace right?... hehe
Sizz.
Looks like my brothers from a different mother, the Ifib crew, made out like bandits though !nice work guys. Have fun with the rest of your day! looks like you can take a nap
Here is the Fib I saw and I didn;t take it long BUT this has happened to me before... so I am left to believe it is news. I get a break and WHAM death from above. Oh the joys of Small tfs. Skunny mentioned news like this
I am overall short biased had no confirmation from the master and the slave broke up then panic pulled it down to complete pip perfect and then slide on through.
Anywho here is my chart can anyone see anything I didn't? I am left to think this is news and would play it on down side break or just sit out. The mini fib is was and will be valid possibly an early indicator since its tp was the sell line LOL. and who enters on pierces, we wait for a retrace right?... hehe
Sizz.
- #3,194
- Feb 5, 2008 9:44am Feb 5, 2008 9:44am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
that was wild. I would have gotten salughtered on that pre Bell sneak attack.
Looks like my brothers from a different mother, the Ifib crew, made out like bandits though !nice work guys. Have fun with the rest of your day! looks like you can take a nap
Here is the Fib I saw and I didn;t take it long BUT this has happened to me before... so I am left to believe it is news. I get a break and WHAM death from above. Oh the joys of Small tfs. Skunny mentioned news like this
I am overall short biased had no confirmation from the master and the slave broke up then panic pulled it down to complete pip perfect and then slide on through.
Anywho here is my chart can anyone see anything I didn't? I am left to think this is news and would play it on down side break or just sit out. The mini fib is was and will be valid possibly an early indicator since its tp was the sell line LOL. and who enters on pierces, we wait for a retrace right?... hehe
Sizz.
i did notice your other fib there, you lil pipperfect fibby, which then continued on to bonus territory, that lil girl there had a double bottom though....
what a beuatiful lil fibble she is this is the idea presented in john w's oringinal thread where this thread was born out of ....john w advocated finding areas of s/r that had multiple hits...I think he looked for areas that had multiple hits over an 8 hour period??? cant remember exactly.... this is what was presented in the thread called holy grail found..... which of course we all know is now considered bettered and perfected by skunny into the one and true moley quail....lol the john w method seems to have some validity especially when combined with the bat skunny gave us........ seems like it may be pretty reliable to me...... SO FAR anyway
lets keep rockin!
- #3,195
- Feb 5, 2008 9:48am Feb 5, 2008 9:48am
- | Commercial User | Joined Jan 2007 | 1,486 Posts
Yep, that's the problem (for me at least). If you buy at such a break out level and buy additional longs as well at the 38 and 61 levels you will lose a lot if you get stopped out. How do I avoid these trades?
Regards - Xaron
I am not an expert, as my account will testify, but here are some suggestions:
1. Skunny has said he doesn't like the Risk/reward of trading these breakouts of the 0% or 100% levels with Sl at/just beyond the opposing . It seems he uses the 38 and 61 levels (presumably with the SL just beyond the opposing 38 or 61 level).he has also said that a Fib is only valid and tradeble if price retraces to the 38 or 61. We are unsure as to whether he means before or after it crosses the 0 or 100.
2. Entering off the 38 or 61 before the break of the 0 or 100 with SL just beyond the opposing give a much better R/R.
A). For example, since you are already well in profit by the time the 0 or 100 is penetrated, you could use that to move the SL to BE, or at least to the 50 - since it is relatively rare after a penetration of the 0 or 10.
B). If you choose to really go for it (i.e. not move your SL) then you can add upon a retrace against you to the 38 and 61 with a much better R/R. You can also do a stop and reverse rather than a straight SL - since many times if the T1 in one direction is not hit before a break to the other side, then the opposing T1 will be hit.
Why am I telling a 1KT all this simple stuff? - Perhaps because I want to clarify it in my own mind.
Ian
- #3,196
- Feb 5, 2008 9:48am Feb 5, 2008 9:48am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
fibbing the double bottom on 4 hour???? hmmmmmmmmmmmm
theory being a double bottom indicates a significant support level......
so far has been releiable..... but....not enough testing yet...
anyone care to help me test it?
come to think of it this was a triple bottom...hmmmmmmmmmm
notice a buy trade on this fib would have failed (so far at least)
anyone have thoughts on the next fib placement? on 5 minutes 1 minute? curious as I am demoing a million theories still
IMHO, the chart below will show why your black fib "failed". The up cycle completed at the 138 level (red fib, 2 pips out, but price reversed). This cut short your black fib, but it didn't fail IMHO. You could have traded the blue fib , got in earlier and been successful.
These were fibs identified prior to the up move, not retrospectively. Hope this helps.
- #3,198
- Edited 10:16am Feb 5, 2008 10:04am | Edited 10:16am
yes i dont like the fact that the buy was triggered and so far failed....to me this is like oh crap back to drawing board...why was this fibble a bad lil boy? ya know.... hurts my feelings when my lil fibbies disappoint me
i did notice your other fib there, you lil pipperfect fibby, which then continued on to bonus territory, that lil girl there had a double bottom though....
this is the idea presented in john w's oringinal thread where this thread was born out of ....john w advocated finding areas of s/r that had multiple hits...I think he looked for areas that had multiple hits over an 8 hour period??? cant remember exactly.... this is what was presented in the thread called holy grail found..... which of course we all know is now considered bettered and perfected by skunny into the one and true moley quail....lol the john w method seems to have some validity especially when combined with the bat skunny gave us........ seems like it may be pretty reliable to me...... SO FAR anyway
lets keep rockin!
I like that method and use it alot! the more touches the more special hecne all the touches.
But don;t lose hope yet Dagoods. I run the choir of piperfection and I say not! back to the drawing board!. Even Skunny has had news pull a fib apart. Look for a GU fib on this thread.
here is my logic: Hypothetically if one has a method that is pip perfect just a teensy bit short 99.44 %(the fib as pure as ivory) of the time, sometimes a swan will come swooping in and attack you. Thats what swans do. Attack!
Do you freak out? Sure! But then you get a gun and sit and wait for the Swan since you might know where it hangs out. You get inside its head. you find out where its children go to school. Where it lives. What are its hopes and dreams?You become the swan!.
Then ,next time, The evil fib destroying swan comes squanking along trailing smoke and fire, you just unload your gun right into it's black heart and laugh as the beast's blood red eyes go dim, because you knew it was coming and you were ready. Silly swan, fibs are for Sizz!
too much? might be..hmm.. I am feeling off today.. but you get the gist. Seriously this happend to me before stupid news. So the new rule is hey there guy!!! news time is no time for you! but test your bollocks off and let me know.
Sizz
- #3,199
- Feb 5, 2008 10:09am Feb 5, 2008 10:09am
that was wild. I would have gotten salughtered on that pre Bell sneak attack.
Looks like my brothers from a different mother, the Ifib crew, made out like bandits though !nice work guys. Have fun with the rest of your day! looks like you can take a nap
Here is the Fib I saw and I didn;t take it long BUT this has happened to me before... so I am left to believe it is news. I get a break and WHAM death from above. Oh the joys of Small tfs. Skunny mentioned news like this
I am overall short biased had no confirmation from the master and the slave broke up then panic pulled it down to complete pip perfect and then slide on through.
Anywho here is my chart can anyone see anything I didn't? I am left to think this is news and would play it on down side break or just sit out. The mini fib is was and will be valid possibly an early indicator since its tp was the sell line LOL. and who enters on pierces, we wait for a retrace right?... hehe
Sizz.
Mom
"To conquer fear is the beginning of wisdom." – Bertrand Russell