Mom
"To conquer fear is the beginning of wisdom." – Bertrand Russell
Indicator Free Trading - Skunny
- #3,607
- Feb 10, 2008 3:19pm Feb 10, 2008 3:19pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
My sincere apology to the readers of this thread. With the spirit of the thread starter in mind, my comments should not have been posted here.
++Now back to our scheduled programming++
Accepted, so far as I am concerned. Good luck.
- #3,608
- Feb 10, 2008 3:21pm Feb 10, 2008 3:21pm
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Islander,
Living the dream! the thread is a reality. I will swing by to harass you about not being pip perfect here and there. You can swat me with a wad of eurosLOL Nice work Captain! Of course with a crew list like that how do you find time to hit the lap top?
It is nice to see a whole new group of Skunnions come in and rock it out it reminds me of being a young lad all 1.5 months ago
So much good stuff in here mmmmmmmm good.
Sizz
Trading Levels with WRBs
- #3,611
- Feb 10, 2008 3:41pm Feb 10, 2008 3:41pm
My sincere apology to the readers of this thread. With the spirit of the thread starter in mind, my comments should not have been posted here.
++Now back to our scheduled programming++
- #3,612
- Feb 10, 2008 4:26pm Feb 10, 2008 4:26pm
excellent post raptor! very much in the spirit of this thread IMO! I will try harder!(not sure if that is possible but....) it would help me a lot to follow your logic if you could post 2 or 3 charts
I'll try and give you a possible steer, my answers to my questions might be wrong . .
Q1. and Q2. look at the chart I have posted. I think this is the correct Fib and probably the one Skunny used, bear in mind that although the PA crossed the upper Entry level he didn't go long, why ? Perhaps because the trend is short, why go long in a downward trend ? Later on the entry level on the short side is hit, then the TP is hit also.
OK, assume I'm right . . . now ask yourself, why did Skunny then go long ? twice ?
Take a look at the time period in question, zoom out a little, think about it . . . current gj would be really nice lol
20 pips a day isn't too much to ask . . .
- #3,613
- Feb 10, 2008 5:03pm Feb 10, 2008 5:03pm
Thanks
I'll try and give you a possible steer, my answers to my questions might be wrong . .
Q1. and Q2. look at the chart I have posted. I think this is the correct Fib and probably the one Skunny used, bear in mind that although the PA crossed the upper Entry level he didn't go long, why ? Perhaps because the trend is short, why go long in a downward trend ? Later on the entry level on the short side is hit, then the TP is hit also.
OK, assume I'm right . . . now ask yourself, why did Skunny then go long ? twice ?
I'm not really confident in what I'm doing yet, it will take time I think, so I won't post current charts, I'm no expert and I wouldn't want to send anyone down a wrong path.
I am not Skunnified so take it with a grain of salt and this is IMHO but could it be this way?
Just a counterpoint since you posted. IMHO that fib was completely valid Skunny drew and if you read his post you will see why it was played that way makes perfect sense. To the Vhands sah! Good luck and god speed also maybe look at the black fib at a higher time frame.... maybe.. food for thought.
. I like your chart colors those were my old standbys until I went contrast blind!!
LOL those colors still write me letters here and there and I have to intercept the post so my current chartboards don't see them . Thank the lord I switched my number as well! hehehe
Sizz
PIP,
I think you ahve it all wrong Issy needs to help Sizzy... Sfibs or (slopfibs) aren;t quite as profitable HAHAHAHAHA
- #3,614
- Feb 10, 2008 5:30pm Feb 10, 2008 5:30pm
RaptorUK,
I am not Skunnified so take it with a grain of salt and this is IMHO but could it be this way?
IMHO that fib was completely valid Skunny drew and if you read his post you will see why it was played that way makes perfect sense. To the Vhands sah! Good luck and god speed also maybe look at the black fib at a higher time frame.... maybe.. food for thought.
Time for bed here in the UK, so night, night all, hope tomorrow will be good to you all.
20 pips a day isn't too much to ask . . .
KISS Barneydog, Kiss!!!!! LOL
back at you!!!!! Glad you enjoyed.
- #3,617
- Feb 10, 2008 5:40pm Feb 10, 2008 5:40pm
138 not important? This is not exactly what I heard Skunny say!
I quote Skunny: "Don't get caught up with the 162 ext. It becomes irrelevant down the road."
So why is everyone getting caught up with the 162 ext and saying the 138 is NOT important?
if your profit target is less then 138 from your range, 138 does not have the import you might think.
If you trade at say 4pm every day, price might be a ways away from 138 or -38, and you could still take profit....
The above is an example of what prompted me to ask the question.
- #3,619
- Feb 10, 2008 5:47pm Feb 10, 2008 5:47pm
OK, see your point, what I should have said is that I think the Fib I posted is where Skunny started and is the Fib he used for his Short trade, that then completed the Fib and he then moved it.
Time for bed here in the UK, so night, night all, hope tomorrow will be good to you all.
Goodnight Sir!!! it is 6:46 EST in the colonies so we are just getting started
also that is the fib he used for the short too the black one I mean IMWOSizz