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Indicator Free Trading - Skunny

  • #3,841
  • Feb 15, 2008 9:25am Feb 15, 2008 9:25am
Quoting DXTrade
Well
since Skunny has opened his own forum... this one is abandoned, will most probably die. Until 2 days ago I had to read 4-6 pages after starting my Browser in the morning... now it's 2-3 posts!

I have finally caught up with the thread and feel confident enough to post some questions and observations and - boom it's gone. Fate can't be that cruel. Tell me it ain't so DXTrade.

If it is true, I hope the great personalities and minds that I have seen here will continue on with the thread because I really believe Skunny is right about 100% trading and I think you guys will prove it.

But if not, thanks for starting me off on this great journey of 'indi-free' trading, and for some really great discussions and humor.

Mike

Good luck to you all!
  • #3,842
  • Feb 15, 2008 9:59am Feb 15, 2008 9:59am
DXTrade
This my GJ chart. I put two fibs at s/r areas and then adder your indicator. I don't know enough about Gann lines so I took them out. But what's left is amazing. What would you expect from this set up?
Mike
Attached Image (click to enlarge)
Click to Enlarge Name: gj01.gif Size: 15 KB
  • #3,843
  • Feb 15, 2008 4:17pm Feb 15, 2008 4:17pm
Quoting mexicomike
DXTrade
This my GJ chart. I put two fibs at s/r areas and then adder your indicator. I don't know enough about Gann lines so I took them out. But what's left is amazing. What would you expect from this set up?
Mike

not sure what u r doing mike???? if u have backtested this amillion hours on vhands and it works for u then great..... but i dont get it personally.....
  • #3,844
  • Feb 15, 2008 4:18pm Feb 15, 2008 4:18pm
Quoting SBrickman
And once again, price finds the fib projections - salmon dots

interseting skunnydicator u have there...but with so many salmon dots.... i would personally be very confused
  • #3,845
  • Feb 15, 2008 4:42pm Feb 15, 2008 4:42pm
Quoting mexicomike
DXTrade
This my GJ chart. I put two fibs at s/r areas and then adder your indicator. I don't know enough about Gann lines so I took them out. But what's left is amazing. What would you expect from this set up?
Mike
Hi MMike,
Why are you choosing those Support levels for your red Fib?
Why are you ignoring the candle tails - (Skunny didn't in any of his charts)?
What is your green fib all about - it seems to have been chosen to retrospectively validate the 161 TP off it that occurred before the 0 line point of the Fib?

Unless you have done serious hours in vhands and got seriously good results with this approach, I suggest that you need to do more reading of this thread - particularly the Skunny posts .pdf and put in more time on vhands to see what works.

I am just a novice, so ignore this if you know better.
I don'y want to discourage you, but I don't neither do Iwant you nor any reader of your posts to lose money.

Ian
  • #3,846
  • Feb 15, 2008 6:31pm Feb 15, 2008 6:31pm
I have downloaded the vterminal file and I have a few pdf file and a few other files that I cannot open.

There is no expert file?

Any help on this would be appreciated.
  • #3,847
  • Feb 15, 2008 7:08pm Feb 15, 2008 7:08pm
Quoting mfhiggins
I have downloaded the vterminal file and I have a few pdf file and a few other files that I cannot open.

There is no expert file?

Any help on this would be appreciated.
There are more files. Here is the link to the thread that has the instructions and the zip file with everything in it. http://www.forexfactory.com/showthread.php?t=60849
Mom "To conquer fear is the beginning of wisdom." – Bertrand Russell
  • #3,848
  • Feb 16, 2008 11:31pm Feb 16, 2008 11:31pm
Wow! I step away for about a week and things have changed dramatically! I'm sure I'm not the only one whose trading has changed DRAMATICALLY as a direct result of this thread. Thanks to all those who participated, as I would not be here without you guys too. And for anyone who dares to venture into this nakedness, read the thread and don't get discouraged... it's all there, and it works!
Has what you wanted to see made you blind?
  • #3,849
  • Feb 17, 2008 5:47am Feb 17, 2008 5:47am
Quoting Dunkan
Wow! I step away for about a week and things have changed dramatically! I'm sure I'm not the only one whose trading has changed DRAMATICALLY as a direct result of this thread. Thanks to all those who participated, as I would not be here without you guys too. And for anyone who dares to venture into this nakedness, read the thread and don't get discouraged... it's all there, and it works!
I think we could have our lives changed by all this.

More is to be found at http://www.forexfactory.com/showthread.php?t=69499 (Islander - "Intra Day Yen - Naked") and http://www.forexfactory.com/showthread.php?t=50767 (Bobokus - "Fibonacci Trading").

I gather Skunny is not longer offering his wisdom here, so I am off to read Islander's thread. Good luck everybody.

  • #3,850
  • Feb 17, 2008 11:57am Feb 17, 2008 11:57am
Has anyone considered the big hint in this post?

http://www.forexfactory.com/showthre...24#post1755124
  • #3,851
  • Feb 17, 2008 3:33pm Feb 17, 2008 3:33pm
who can post the mq4 indicator that draws the fibo swing indicator with the following words swing pivot, swing long, swing short, swing....
how does this indicator works, do we draw the lines themselves or happens this automatically ?
thank you very much

http://www.forexfactory.com/images/misc/progress.gif

  • #3,852
  • Feb 18, 2008 1:51am Feb 18, 2008 1:51am
Quoting capitalist88
Has anyone considered the big hint in this post?

http://www.forexfactory.com/showthre...24#post1755124
Hello Cap.
when I hit the link you posted I arrive on post post #188 of JohnW thread, in this post there is a link

http://www.financialsense.com/fsu/ed...2007/1211.html
Which doesn't work. I remember having already tried it, when reading the holly grail thread. Did you find a way to open it and if so, can you post it?
Thanks
Schmurex
  • #3,853
  • Feb 18, 2008 5:15am Feb 18, 2008 5:15am
Quoting schmurex
Hello Cap.
when I hit the link you posted I arrive on post post #188 of JohnW thread, in this post there is a link

http://www.financialsense.com/fsu/ed...2007/1211.html
Which doesn't work. I remember having already tried it, when reading the holly grail thread. Did you find a way to open it and if so, can you post it?
Thanks
Schmurex
Updated link is: http://www.financialsense.com/fsu/ed...2007/1211.html

plenty of other articles by same author and others here:
http://www.financialsense.com/fsu/students/main.html

tc
  • #3,854
  • Feb 18, 2008 11:39am Feb 18, 2008 11:39am
Quoting schmurex
Hello Cap.
when I hit the link you posted I arrive on post post #188 of JohnW thread, in this post there is a link

http://www.financialsense.com/fsu/ed...2007/1211.html
Which doesn't work. I remember having already tried it, when reading the holly grail thread. Did you find a way to open it and if so, can you post it?
Thanks
Schmurex
Looks like pabliyo found it.
  • #3,855
  • Feb 19, 2008 2:11am Feb 19, 2008 2:11am
Quoting capitalist88
Looks like pabliyo found it.
Thanks a lot to both of you Capitalist88 and Pabliyo.
I wonder how you found it. I did look into their archive editorial 12/11
but couldn't find this one. Is there a technique to find a missing link?

So, now I read the article, and the Daniel code is teazing my curiosity, I googled it and couldn't find the serie of number similar to the fibonacci serie....
Does anybody have some lights on this?
On another hand the author sound like another signal seller and the daniel code might be a marketing thing??
I failed to see the hint you mention Capitalist. Do you mean this :
There is a self fulfilling quality about Fibs in financial markets. Since they are taught to most traders and are the basis of several trading methods we have a market expectation of support and resistance at these levels. Until today only a handful of people anywhere, have heard of the Danielcode so I have the benefit of working with a unique sequence of numbers that are not apparent to others.

Thanks
Schmurex
  • #3,856
  • Feb 19, 2008 4:08pm Feb 19, 2008 4:08pm
Quoting schmurex
Thanks a lot to both of you Capitalist88 and Pabliyo.
I wonder how you found it. I did look into their archive editorial 12/11
but couldn't find this one. Is there a technique to find a missing link?

So, now I read the article, and the Daniel code is teazing my curiosity, I googled it and couldn't find the serie of number similar to the fibonacci serie....
Does anybody have some lights on this?
On another hand the author sound like another signal seller and the daniel code might be a marketing thing??
I failed to see the hint you mention Capitalist. Do you mean this :
There is a self fulfilling quality about Fibs in financial markets. Since they are taught to most traders and are the basis of several trading methods we have a market expectation of support and resistance at these levels. Until today only a handful of people anywhere, have heard of the Danielcode so I have the benefit of working with a unique sequence of numbers that are not apparent to others.

Thanks
Schmurex

The statement in this post is "You're not to [sic] far off the mark". Sounded like a hint.

http://www.forexfactory.com/showthre...24#post1755124
  • #3,857
  • Feb 19, 2008 4:50pm Feb 19, 2008 4:50pm
Quoting schmurex
Thanks a lot to both of you Capitalist88 and Pabliyo.
I wonder how you found it. I did look into their archive editorial 12/11
but couldn't find this one. Is there a technique to find a missing link?
when I started to delete the dead link from the browser to point the homepage, I noticed the "fsu" part so when I opened the homepage I was looking for something with "fsu" on it. You were just only one step away from the fsu archive
tc
  • #3,858
  • Feb 21, 2008 10:59am Feb 21, 2008 10:59am
Hi, appreciate if anyone could throw broad hints on this method so I could be on the right track. I have spent countless hours on VHands and can see price reacting to the fibs but am yet clueless on applying it to gain that edge.

I have done the weekly exercise recommended by Skunny too, I am still not getting it for some reason. Perhaps the baggage from my old learnings is so heavy that I am unable to comprehend the simplicity of this approach.

Appreciate any guidance from benevolent souls who believe in the Karmic way of life.

Thanks in advance.
  • #3,859
  • Edited 9:27pm Feb 21, 2008 8:57pm | Edited 9:27pm
If you've read the thread, you'll see that those who had an "aha" moment said to read and re-read the thread, because it was all there. I read it once, and got nothing, really., Then I read it again, but only read Skunny's posts and I got a lot more. Then I went through it again and catagorized Skunny's posts by topic as I read them, and got even more. Now I'm going through those Skunny posts again, this time by topic such that each post follows the same topic in sequence, and I'm getting more again.

Things are starting to fall into place for me now, but what I got out of it might be different from what the other "aha" people got out of it. All I can say is, they were right. I don't know if it's "all" there, but there's enough info in Skunny's posts to give you a giant leap in understanding. It used to tick me off when nobody gave any real hints, but I can see now that going through it myself, I found what I wanted or needed out of it, rather than what someone else wanted or needed out of it.

My categorization has taken me maybe 10 hours, but well worth it, and small in the big scheme of things. Here's my recommendations:

1) No disrespect to the others, but read only Skunny's posts, or posts that Skunny refers to. There's enough in his posts that you don't need the other posts, and who knows if the others are on the wrong track or not.

2) Here are the "topics" that I broke my categorizations into:

Introduction - posts 1, 3 & 4
Definition: Penetration vs Break vs Breach - posts 6, 11, 99
Weekly chart exercise - post 45 (340)
Timeframes -
Stops -
General Discussion
Chart Examples by Skunny
What sessions to trade
138 Fib vs 162 Fib
Support & Resistance
Having 2 Fibs active
Entering on Retracements
Hedging

I filled in the blanks for you on the first 3 topics, so that you know what I mean. For the weekly chart exercise, post 340 in brackets means that it carries on the discussion from post 45. To show you how much work I went through to relate one post to another, here's a couple more examples:

Post 2782 relates to post 137
Post 1711 relates to post 1191
....and so on

Once you get them organized by topic, go through them in sequence by topic so you can follow the information better. Also, I found that the "General" posts had a lot of info in them. Don't overlook them. Also, some things were said very casually, but can have a big effect, like a fork in the road, as to which way you place your fib, or follow the cycle.

Good Luck. If you understand the value of homework, then you'll spend the 10 hours too, and you won't regret it.

One final hint, just so that you can't say nobody gave you a hint. If you've done the weekly exercise, then you've seen that the 138 is hit a surpising number of times. But Skunny said to spend a couple hours looking at the failures to figure out why they failed. That's valuable. And there's a hint to "why did they fail" in post 1177.
  • #3,860
  • Feb 21, 2008 9:24pm Feb 21, 2008 9:24pm
Hi Trader416, I really appreciate your thorough response.

I have read this complete thread a couple of times. I have read the Skunny Posts PDF around 5 times. I have tried to co-relate these and have come up with some theory.

I have spent around a couple of weeks on VHands. What I have done basically is the weekly exercise and drilled down to lower TF's to see if there is a pattern.

I have got some aha moments but these were short lived and proven wrong, if not totally useless. I am looking for someone to tell me if I am on the right track. Your reply has certainly helped and motivated me. But, I am still not sure if I am not the right track or proceeding completely off-track.

I don't expect to be spoon fed but just want someone to guide me along the way.

Thanks again.
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