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Indicator Free Trading - Skunny

  • #3,641
  • Feb 11, 2008 1:47am Feb 11, 2008 1:47am
Quoting piphitman
Issy,

I'm a little fearful for the poor old dollar in London open.

The G7 comments (or lack thereof) this weekend were not helpful to the greenback. Dollar should be thankful that Tokyo was closed or could have been real ugly, the other asian equity markets made the dollar pay though, I'll be watchign UJ closely on London Open. could get interesting........
Thanks for the info Pip - I'm still sorting 'puter problems, to have to reload and set up both is a right PIA.

I guess you've noticed that cable's now -56 since FO and so GJs now hit T2 for -124 from its DZ so far and still falling.... hope a few others were short....
Trading Levels with WRBs
  • #3,642
  • Feb 11, 2008 2:03am Feb 11, 2008 2:03am
Quoting BarneyDog
Dagoods and Mom,

What happens if you start at the same time and pull a fib from the previous days high and low? Would it need to be "walked"? What does it really meant to walk a fib? (pull it after it breaks 138 or -38, because a cycle ended)

Or, was it, because Skunny didn't want a bunch of lines on the charts?

Any thoughts?

full of questions tonight.
Sweet Barney, go read post #176. and then read the rest of the Skunny posts and find your interpretation of what he is showing and saying. I believe that we are all seeing things differently, this is a journey of self discovery.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #3,643
  • Feb 11, 2008 2:43am Feb 11, 2008 2:43am
Hi,

Can anyone tell me how that fib is placed on the chart? When i'm looking on skunny's charts i only see fibs on impulsive waves and always on first impulsive waves from a cycle.
But i can't understand where does he know that a wave is the last? (i assume that if you do it on the first you will be good) Usualy the waves are placed this way:

impulsive,corrective,impulsive... So it starts with impulsive and ends with impulsive also.(odd number of waves) So finding the corrective waves between the impulsive ones could help one a lot in placing the fib on the last impulsive.

Please tell me if i'm right or if i'm thinking in the right direction.

Thanks
  • #3,644
  • Feb 11, 2008 3:00am Feb 11, 2008 3:00am
Hello World...

no comment on this one... I leave you with the interpretation... and me with +40 and +80 pips
Attached Image (click to enlarge)
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"The only successful substitute for brains is silence."
  • #3,645
  • Edited 4:13am Feb 11, 2008 3:02am | Edited 4:13am
Now up and running:

http://www.forexfactory.com/showthread.php?t=69499

come and collect pips for your bank whilst continuing our search for that elusive Moley Quail....but do your homework first!
Trading Levels with WRBs
  • #3,646
  • Feb 11, 2008 3:19am Feb 11, 2008 3:19am
Quoting Islander
Now up and running:

http://www.forexfactory.com/showthread.php?t=50767

come and collect pips for your bank whilst continuing our search for that elusive Moley Quail....but do your homework first!

That's the link to Bobokus's Thread. Am I missing a message here?
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #3,647
  • Feb 11, 2008 3:23am Feb 11, 2008 3:23am
here it is

http://www.forexfactory.com/showthre...=1#post1844541
trading naked.......
  • #3,648
  • Feb 11, 2008 4:14am Feb 11, 2008 4:14am
Quoting galaxymom
That's the link to Bobokus's Thread. Am I missing a message here?

LOL too much to do, thanks GM and Pip - I've edited it....http://www.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #3,649
  • Feb 11, 2008 6:45am Feb 11, 2008 6:45am
As posted 8 hours ago... sweet. thanks Skunny!!!
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  • #3,650
  • Feb 11, 2008 7:45am Feb 11, 2008 7:45am
Quoting piphitman
Barney,

Let me tell you an example of how watching all three pairs simultaneously on early London time (Friday a.m.) while trading GBP/JPY saved me some $$.

First, pull up a 5M chart on all three pairs (USD/JPY, GBP/USD, and GBP/JPY)

I was trading GBP/JPY during Frankfurt/London open and had just made some good pips on two consecutive long trades. first trade came at 6:50 a.m. GMT (frankfurt open), second trade came at approx 8:20 a.m. GMT and that trade shot up like a rocket from the DZ.

Ok, so the next set up for another long trade on GBP/JPY was after a penetration that came at exactly 9:50 am GMT. Normally I would have entered into that trade merely because of penetration and the only reason I didn't get into that trade is because I looked over at the USD/JPY chart and saw 5 consecutive candles that had hit "hard" resistance @ 107.72 from 8:25 thru 8:45 a.m. GMT and then the USD/JPY 9:50 a.m. GMT candle was closing as a doji/lower high @ 107.69.
So I figured that with the lower close and a doji at 9:50 a.m. GMT USD/JPY was running out of gas and was heading lower and that GBP/JPY was going to follow so I didn't enter that trade.


I few weeks ago I would have only been watching the one chart (GBP/JPY) and would have been toast on that trade. Now I have my main MT4 screen split into 4 quadrants of smaller charts.

1. GBP/JPY 5M
2. GBP/JPY 15M
3. GBP/USD 5M
4. USD/JPY 5M

I'm still learning this cross pair stuff via Islanders style but slowly I'm learning the importance of watching all three pairs at the same time along with the pivot points on those pairs too.
Ya Baby, got it.

Regarding "Ok, so the next set up for another long trade on GBP/JPY was after a penetration that came at exactly 9:50 am GMT." Did price drop into the DZ and start up and that was the reason why you thought you'd buy."

Then following the logic, the major, U/J, hit some turbulence not letting it go up any more, therefore, you didn't trade.

Also, I assume the G/J follows the U/J in direction, yes?

Is the above summary correct?

Thanks.
  • #3,651
  • Feb 11, 2008 9:34am Feb 11, 2008 9:34am
Im feeling rather depressed about this now. I had an Aha, which then turned to doubt and then after a little testing realised what I had decided on out of skunny's posts infact does not offer any edge.
All due to my own mis-understanding of course.
I will put it to the side and work on it a little more next weekend.....

Darn I hate fake aha's, lol.

Good trading

LoLo
  • #3,652
  • Feb 11, 2008 10:50am Feb 11, 2008 10:50am
Quoting LoLoAC
Im feeling rather depressed about this now. I had an Aha, which then turned to doubt and then after a little testing realised what I had decided on out of skunny's posts infact does not offer any edge.
All due to my own mis-understanding of course.
I will put it to the side and work on it a little more next weekend.....

Darn I hate fake aha's, lol.

Good trading

LoLo

Larlaylolalee!,

(sorry tommyboy reference he is talking into the fan ...well nvrmnd) hehe)

Anywho don't get down man. You will get it or find something of extreme value. I ahve had so many soul crushing fake ahas it isn;t funny. ...ok well it is, but it wasn;t then

What always helped me is 'knowing" it (whatever it was ) was there so the journey was worth it. I would seriously get sad then so angry that I would attack like a rabid wolverine and normally come out ahead.

I don't have "another job" or a "side business" . I trade and I have massive downtime because of it. so I have been doing this pretty much all day everyday since the thread started. Like what almost 2 months? not very long, but when you are spending 5-12 hours a day it seems like I have been doing this for 10 years

I have been so wrong so much, it has cost me a chunk of change, endless frustration etc... but it is worth it. It always helped me to keep my goal in sight. I am not the smartest, the most experianced the most anything except rediculous maybe, but I will never give up and if you put me in a room with someone I will work harder and longer then they will to get it done. IF they get it before me? GREAT that means I will pour it on that much harder to get it done.

Persitance and determination go such a long way I have found in life.

anywho maybe if you share your aha or faux aha we can help you get a real aha whatever that even means.

My biggest AHA was that I "thought" I was soooo quick that I completely missed it trying to go insano. Keep it simple stupid and go from there was my AHA.

Sizz
  • #3,653
  • Feb 11, 2008 11:18am Feb 11, 2008 11:18am
Islander rules!!!! woohoo! can't wait to see the island you will own soon where you no doubt will bury all of your pipdabloons!

PS:
am i nuts or does anybody else see gu at 1.9518 next then 1.9540 possibly as t2

PS Don't try this at home it's just another skunny s/r fib experiment
  • #3,654
  • Feb 11, 2008 11:32am Feb 11, 2008 11:32am
Quoting dagoods
Islander rules!!!! woohoo! can't wait to see the island you will own soon where you no doubt will bury all of your pipdabloons!

PS:
am i nuts or does anybody else see gu at 1.9518 next then 1.9540 possibly as t2

PS Don't try this at home it's just another skunny s/r fib experiment
Well I can see a reason for pulling the fib down to use 518 as the high - and also using 437 as the low - the salmon fibs - but that gives T1 = 549 and T2 = 568 - so I dont know how you're getting T2 = 540.....http://www.forexfactory.com/images/icons/icon9.gif
Trading Levels with WRBs
  • #3,655
  • Feb 11, 2008 11:34am Feb 11, 2008 11:34am
here's the chart.....
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Trading Levels with WRBs
  • #3,656
  • Feb 11, 2008 11:44am Feb 11, 2008 11:44am
Quoting dagoods
Islander rules!!!! woohoo! can't wait to see the island you will own soon where you no doubt will bury all of your pipdabloons!

PS:
am i nuts or does anybody else see gu at 1.9518 next then 1.9540 possibly as t2

PS Don't try this at home it's just another skunny s/r fib experiment

Post a chart Mang


All I see is the D1 and this H1. I didnt get too deep on it it though amd I am sure I missing things.

I also have bizaroo H! one Dagoods you like either of these H1s?


Sizz
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  • #3,657
  • Feb 11, 2008 12:07pm Feb 11, 2008 12:07pm
crazy chart of mine

crazy experiment number 2

see chart 2


one of these may be correct???

anyone see this or am I nuts?

I could be just seeing things
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  • #3,658
  • Feb 11, 2008 12:19pm Feb 11, 2008 12:19pm
Quoting dagoods
crazy chart of mine

Whoa What dude? LOL. I remade that chart and my eyeballs fell out my dog grabbed one and now I am typing like Eyelander the pirate Narrgh!!!

I am bafflled our tp is hit... we are done like dinner no? Well I guess the way to settle it is lets see if yer TP2 gets hit I will keep and eye on mine as well.

I am also seeing a 127.5 level? Da da da daaaaaaaaaaaaagoooooodddddssss!!!!!! hehehehe

Wild stuff.
  • #3,659
  • Feb 11, 2008 12:52pm Feb 11, 2008 12:52pm
Quoting sizzler
Post a chart Mang


All I see is the D1 and this H1. I didnt get too deep on it it though amd I am sure I missing things.

I also have bizaroo H! one Dagoods you like either of these H1s?


Sizz

very nice fibbles sizzz.... the last one has me a bit baffled though??? hmmmmmmmmmmmmmmmmmmmmmm


y not the larger range on that one?

back to vhands fr me now.... dang u sizz!!!! making me work!~ lol
  • #3,660
  • Feb 11, 2008 1:00pm Feb 11, 2008 1:00pm
Quoting dagoods
very nice fibbles sizzz.... the last one has me a bit baffled though??? hmmmmmmmmmmmmmmmmmmmmmm


y not the larger range on that one?

back to vhands fr me now.... dang u sizz!!!! making me work!~ lol

LOL that was my bizarro fib. That one is nothing really just eyeing it.. I don;t expect anything out of it. also it is drawn the wrong way...

that is a GREAT example of publically brain farting. durrrr too many fibs on one chart. disregard it

Sizz.
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