Indicator Free Trading - Skunny | Page 189 | 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

  • #3,761
  • Feb 12, 2008 9:56pm Feb 12, 2008 9:56pm
Quoting SBrickman
Once again, USDJPY hits resistance, breaks support and hits the lower fib projections.

sb i am glad you homegrown s/r fib projection indicator thingy works

but please make a contribution rather than just show a chart that nobody can understand but you....the creator of said "indicator"


in the past u have been unwilling to share....


have u changed your mind?


are you just coming back to brag?

what is you intention with these posts?

I hope you have more to offer as u seemed to have a good grasp of what skunny was teaching from the beginning, but then u disappeared and the rest of us have been here working our tails off trying to get good methods that work for ourselves....
I hope you have seen the light of the way of sharing and helping each other, and Kharma, not only in trading but in life....

i wish you well and thank you for you contributions earlier in the thread....
many look forward to whatever insights you may provide now that you are back


regards

D
  • #3,762
  • Feb 12, 2008 10:24pm Feb 12, 2008 10:24pm
Quoting piphitman
ppm,

first, take a deep breath, then walk away from the computer for thirty days........................then quit.

j/k, what you need to do is go directly into studying "Gann" lines, that'll solve all your problems!!!!! (just kidding again)

If I was going to send someone over to this thread to start reading I would tell them to read Skunnys posts most importantly and definitely not to go over to Bo's thread just yet (more advanced stuff there) and definitely stay away from the Gann stuff for now. In the beginning just concentrate on the "basics" of what Skunny says and stay away from the posts that go into different directions. There's plenty of time to go back and re-read some of the other important discoveries people have made and posted here.

In regards to V-hands, all I do on v-hands is let it run and pause it once in a while to draw fibs. I don't do the trading portion of v-hands...........it complicates things a bit for me. Just watching price action on v-hands and watching it hit (or not hit) your fibs is enough of a study for me. I usually spend some time on the weekends using v-hands over and over again. It really is a great tool for learning to watch price and candle formations.
I appreciate your humor Piphitman, but as you know all humor must have an element of truth...the concept of quitting, has crossed my mind, but not my heart.http://forexfactory.com/images/icons/icon12.gif
In order to fully participate in Skunny's thread, requires being able to practice the exercises he posts. To do this, one must understand the concepts of what he is asking. These concepts are presented in these other threads. I went to Bo's thread to try to understand the concept of Fibonacci. To Blueruby's thread to try to understand the workings of vHands. . Then I tried to place all this information into a trading platform that I don't yet understand. And by the time I'd done all this, I'd forgotten what the original question was. A real merry-go-round.
You say that you just draw fibs on the vhands chart....when I find a Hi and a Lo, I try to put in a fib, but have no idea whether it is relevent or not. Half of it ends up off the screen (so I can't see it). Further, I have no idea which way to go when I initiate a fib, if I start at the bottom and go up, the extensions, and my retracements end up going in opposite directions. Can you shed any light on this?
Thanks for taking the time to respond to my post. I know it sounded really whiney, and it was kind of you to overlook that!
ppm
  • #3,763
  • Feb 12, 2008 10:41pm Feb 12, 2008 10:41pm
Quoting perPIPtual Motion
Thanks for taking the time to respond to my post. I know it sounded really whiney, and it was kind of you to overlook that!
ppm
We've all been there, and felt the same way. Re-read Skunny's posts from the beginning, with out all the others, or go to the pdf file and use that. Things became much clearer for me when I spent time on just what Skunny said, and his charts, I printed them and wrote his comments on them so I could study them with his thoughts.

You'll make it, just be patient. There is no due date to have this mastered.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #3,764
  • Feb 12, 2008 10:54pm Feb 12, 2008 10:54pm
Quoting MarkDabid
Hi Scotty B,
Your chart is very impressive! Are you willing to give any clues on how you got it to this point?
Thanks
First get all those fib levels in your fib channel tool. Then draw the channel from a swing low to a swing low, and then put the top line on a high or vice versa. You'll know what I'm talking about when you start playing with it.

As far as Gann goes. It seems entirely subjective to me, I don't know of any hard fast rules to follow. I've been drawing the Gann grid from a swing low to a swing high within the range of the fib channel. Does that make sense?
So start on the swing low you used to start your fib channel for your Gann grid, fan or whatever you want to use. Then drag the other Gann point to a swing high within the fib range. Thats all I got. Hope it helps.
  • #3,765
  • Feb 12, 2008 10:57pm Feb 12, 2008 10:57pm
Quoting perPIPtual Motion
In order to fully participate in Skunny's thread, requires being able to practice the exercises he posts.
PPM- I'm not going to claim to be any kind of expert at this, you can see from my posts that I'm just digging into the concepts myself. But early in the thread, Skunny first recommended pulling out a weekly chart (any weekly chart) and fibbing the high/low of each bar to see what price did over time.

The exercise is in post #45. My apologies if you've already done this, but in my limited efforts fibbing last year's weekly candles, I already started to see some interesting price behaviors.

Again, I won't claim to having any advanced knowledge, but based on my reading in this thread, I see some patterns that I'll be studying more in vHands next.

HTH
k1
  • #3,766
  • Feb 12, 2008 11:01pm Feb 12, 2008 11:01pm
Quoting perPIPtual Motion
Thanks for taking the time to respond to my post. I know it sounded really whiney, and it was kind of you to overlook that!
ppm
Hi PPM,

I have no idea whether that helps or not...or whether thats too basic.
Then I'm sorry.

Just do the following:
Open a chart (whatever timeframe) and zoom it out. Below is a H1 chart of GJ. That shows you swings... all swings.
Then you draw S/R lines where you think they are, where price is bouncing off, where price has difficulties to break.
The ones I draw are not perfect, I didnt think about it... thats not a trading advice. I just jotted them fastly down for demonstration.

Now you have an approximate idea of the S/R levels.

After that you just fib these levels... and see what happens.
I quickly draw 6 fibs... all starting from the same line... the long one in the middle...
Again... I wouldn't have traded them exactly like this... but you could have...right?

You do the same on vHands... and see where it takes you!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj1.gif Size: 15 KB
Click to Enlarge Name: gj2.gif Size: 21 KB
"The only successful substitute for brains is silence."
  • #3,767
  • Feb 12, 2008 11:36pm Feb 12, 2008 11:36pm
This is what I am seeing at the moment. I just wanted to put mine up for comparisons sake. As you can all see on my chart, the 0 was broken, indicating that the lower extensions will eventually be hit. The 50 mark is now resistance. Very short term I am short to 209.67 (a small horizontal fib cycle). As I always say...We'll see!
Attached Image (click to enlarge)
Click to Enlarge Name: trivia.gif Size: 36 KB
  • #3,768
  • Feb 12, 2008 11:48pm Feb 12, 2008 11:48pm
Quoting Scotty B
This is what I am seeing at the moment. I just wanted to put mine up for comparisons sake. As you can all see on my chart, the 0 was broken, indicating that the lower extensions will eventually be hit. The 50 mark is now resistance. Very short term I am short to 209.67 (a small horizontal fib cycle). As I always say...We'll see!
Maybe it's just me... but you should at least untick the grid in the chart properties
"The only successful substitute for brains is silence."
  • #3,769
  • Feb 13, 2008 12:30am Feb 13, 2008 12:30am
Ok so i was going back into past data and fibbing all over the place to see

where fibs work and where they don't....anyway making a long story short i

fibbed weekly EU and this is what i came up with..

My questions for anyone is...

 

  1. is this fib in the right place?
  2. if so is this just one giant 4+ year fib cycle?
  3. does price have anywhere to go but down?
  4. am i going crazy?
  5. is there a class i could take to learn the sizzle language?


Any comments would be useful
Charlie

Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 16 KB
  • #3,770
  • Feb 13, 2008 12:41am Feb 13, 2008 12:41am
Quoting Charlie
Ok so i was going back into past data and fibbing all over the place to see

where fibs work and where they don't....anyway making a long story short i

fibbed weekly EU and this is what i came up with..

My questions for anyone is...

  1. is this fib in the right place?
  2. if so is this just one giant 4+ year fib cycle?
  3. does price have anywhere to go but down?
  4. am i going crazy?
  5. is there a class i could take to learn the sizzle language?

Any comments would be useful
Charlie

Charlie,

The exercise was to fib each individual weekly candle and see how price reacts to the fibs.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #3,771
  • Feb 13, 2008 1:02am Feb 13, 2008 1:02am
Believe Me Or Not
Attached Image (click to enlarge)
Click to Enlarge Name: gj fibs 2_13_08.gif Size: 24 KB
  • #3,772
  • Feb 13, 2008 1:19am Feb 13, 2008 1:19am
forgeting the experimental dagoods fibs on my chart for one second? is this gann look right to u?


i used 14 and -4 for target???? seemd good last time? but now u r using diffrent settings? i am confused.....
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 23 KB
  • #3,773
  • Feb 13, 2008 1:20am Feb 13, 2008 1:20am
I believe it

My fib is bigger (and not valid actually - no retracement) but I went short in the AL area and have my SL at some ++ pips now... LO will show us the next step...

P.S. Forget the lower sell on the chart... nothing to do with fibs or this thread
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 21 KB
"The only successful substitute for brains is silence."
  • #3,774
  • Feb 13, 2008 1:21am Feb 13, 2008 1:21am
Quoting galaxymom
Charlie,

The exercise was to fib each individual weekly candle and see how price reacts to the fibs.
Oh definately i know that! Believe you me i've gone through all of the posts more than once in the last month and a half. Just not a heavy poster myself.

Anyway what i meant was i used a chart with weekly bars in this example. Wasn't meant to be an example of the exercise.

Charlie
  • #3,775
  • Feb 13, 2008 1:29am Feb 13, 2008 1:29am
Quoting Charlie
Oh definately i know that! Believe you me i've gone through all of the posts more than once in the last month and a half. Just not a heavy poster myself.

Anyway what i meant was i used a chart with weekly bars in this example. Wasn't meant to be an example of the exercise.

Charlie
Well, that being said. You could have fibbed the support of each of the waves, with their Targets being hit.

Could price continue up, why not, in reality there is always another bigger fib cycle to be completed, for example, UJ has been in a down trend since January 1982, there have been many retracements, but the top and the bottom have not been broken, and it has been ranging for over a year.
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #3,776
  • Feb 13, 2008 1:42am Feb 13, 2008 1:42am
There is method here people! Like Skunny say's: You should always have two fibs on your chart...I wonder if he had this in mind?!

OK now I am short (very short term to 209.26)

My chart is like Gann and Fib rolled into one. It's the step child Gannonacci!

I love fib channels!
Attached Image (click to enlarge)
Click to Enlarge Name: morefun.gif Size: 26 KB
  • #3,777
  • Feb 13, 2008 1:42am Feb 13, 2008 1:42am
Quoting DXTrade
Hi PPM,

I have no idea whether that helps or not...or whether thats too basic.
Then I'm sorry.

Just do the following:
Open a chart (whatever timeframe) and zoom it out. Below is a H1 chart of GJ. That shows you swings... all swings.
Then you draw S/R lines where you think they are, where price is bouncing off, where price has difficulties to break.
The ones I draw are not perfect, I didnt think about it... thats not a trading advice. I just jotted them fastly down for demonstration.

Now you have an approximate idea of the S/R levels.

After that you just fib these levels... and see what happens.
I quickly draw 6 fibs... all starting from the same line... the long one in the middle...
Again... I wouldn't have traded them exactly like this... but you could have...right?

You do the same on vHands... and see where it takes you!
I innocently posted these charts earlier, quickly jotted down like on a piece of paper in a Bar to explain S/R and Fibs.

And now... I was just looking at them, more like having them in front of me without really watching... and had my personal AHA moment

Don't ask me to explain it for now... I couldn't for the life of it!

But it's all clear now...
"The only successful substitute for brains is silence."
  • #3,778
  • Feb 13, 2008 1:49am Feb 13, 2008 1:49am
Quoting dagoods
forgeting the experimental dagoods fibs on my chart for one second? is this gann look right to u?


i used 14 and -4 for target???? seemd good last time? but now u r using diffrent settings? i am confused.....
I'm still studying this Gann square of nine with the rotational time bezel and looking at charts and seeing certain similarities. The last 4 breaks starting 11 Feb. were Gann+30. Prior to that, they had been Gann+14 for nearly 2 months. Still studying.
  • #3,779
  • Feb 13, 2008 1:52am Feb 13, 2008 1:52am
Quoting PiPr Pro
I'm still studying this Gann square of nine with the rotational time bezel and looking at charts and seeing certain similarities. The last 4 breaks starting 11 Feb. were Gann+30. Prior to that, they had been Gann+14 for nearly 2 months. Still studying.

ok pipr! a sincere thank you to you for all of your hard work and effort and taking the time with us! mucho appreciated!
  • #3,780
  • Feb 13, 2008 2:04am Feb 13, 2008 2:04am
Quoting DXTrade
I innocently posted these charts earlier, quickly jotted down like on a piece of paper in a Bar to explain S/R and Fibs.

And now... I was just looking at them, more like having them in front of me without really watching... and had my personal AHA moment

Don't ask me to explain it for now... I couldn't for the life of it!

But it's all clear now...
???
2 traders viewing now