Indicator Free Trading - Skunny | Page 201 | 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

  • #4,001
  • Edited 9:24am May 6, 2008 4:39am | Edited 9:24am
by the time i have read all through this thread it has died..
  • #4,002
  • May 6, 2008 8:52pm May 6, 2008 8:52pm
Quoting piccolo
by the time i have read all through this thread it has died..
same thing here!!
  • #4,003
  • May 6, 2008 10:10pm May 6, 2008 10:10pm
Try going to the 2 threads by Bobokus. One for trading the daily candle. One for inter day trading.
  • #4,004
  • May 7, 2008 3:12am May 7, 2008 3:12am
Quoting judith
same thing here!!
That doesnt really matter, as skunny didnt really give direct answers to questions.
Im going through the thread again, about 10 pages a night and a half hour of vhands.
I think it will be worth it.

Maybe late comers can open a thread on discussion of this topic? Or is that too many threads
  • #4,005
  • May 7, 2008 1:19pm May 7, 2008 1:19pm
Jee is this a disappointment, again the holy grail turns out to be baken air.

Wasn't this to nice to be true, an absolute amount of pips right in the pocket.

If you test this deeply, you will notice you will lose heavy with this. The price action is the key but therefore we don't need this 270 pages of illusion.

Think about it, if this trick would work out, everybody would trade it, and it wouldn't work anymore. It's just support/resistance like there is much much other s/r.

THe risk reward (from the 0/100 to 1.38) with a stop below the range is horrible and is the fastest way to blowing your account. Even trading indicators would be better.

Yes it's all about price action, patterns, Elliot, trendlines even fibonacci uses in a proper way. But this breakout method (which I don't believe Skunny trades this way but all the visitors to this thread will do because they think its safe pips) will turn your account to zero in notime.

Well, maybe that's the reason this thread died. Like every thread dies because when the hope dies the thread dies.

Happy trading everubody.
  • #4,006
  • Edited 7:31pm May 7, 2008 6:22pm | Edited 7:31pm
Quoting funske
Jee is this a disappointment, again the holy grail turns out to be baken air.

Wasn't this to nice to be true, an absolute amount of pips right in the pocket.http://www.forexfactory.com/newreply...eply&p=1988980

If you test this deeply, you will notice you will lose heavy with this. The price action is the key but therefore we don't need this 270 pages of illusion.

Think about it, if this trick would work out, everybody would trade it, and it wouldn't work anymore. It's just support/resistance like there is much much other s/r.

THe risk reward (from the 0/100 to 1.38) with a stop below the range is horrible and is the fastest way to blowing your account. Even trading indicators would be better.

Yes it's all about price action, patterns, Elliot, trendlines even fibonacci uses in a proper way. But this breakout method (which I don't believe Skunny trades this way but all the visitors to this thread will do because they think its safe pips will turn your account to zero in notime.

Well, maybe that's the reason this thread died. Like every thread dies because when the hope dies the thread dies.

Happy trading everubody.
Thank you Funske for your quick assumption and wisdom you must be a speed reader.

hmmmmmm... now where the truth is out what I am going to do?

Oh well ,back then to the good old lagging ema crossing. I am sure there must be a secret combination no one else before came up with.
  • #4,007
  • May 8, 2008 4:23pm May 8, 2008 4:23pm
Quoting funske
Jee is this a disappointment, again the holy grail turns out to be baken air.

Wasn't this to nice to be true, an absolute amount of pips right in the pocket.

If you test this deeply, you will notice you will lose heavy with this. The price action is the key but therefore we don't need this 270 pages of illusion.

Think about it, if this trick would work out, everybody would trade it, and it wouldn't work anymore. It's just support/resistance like there is much much other s/r.

THe risk reward (from the 0/100 to 1.38) with a stop below the range is horrible and is the fastest way to blowing your account. Even trading indicators would be better.

Yes it's all about price action, patterns, Elliot, trendlines even fibonacci uses in a proper way. But this breakout method (which I don't believe Skunny trades this way but all the visitors to this thread will do because they think its safe pips) will turn your account to zero in notime.

Well, maybe that's the reason this thread died. Like every thread dies because when the hope dies the thread dies.

Happy trading everubody.

I am quite positive you didn't actually READ this entire thread. Or do the exercises and test what was presented. If you did, you would have a totally different attitude. I have been trading forex live for 2 years and now only trade with the info presented in this thread. For everyone else reading this thread don't take funske's opinion without actually reading this thread and doing the work. For me it took two times through and then the light bulb went on... a very profitable light bulb at that.
  • #4,008
  • May 9, 2008 12:30am May 9, 2008 12:30am
Quoting Pitchristian
I am quite positive you didn't actually READ this entire thread. Or do the exercises and test what was presented. If you did, you would have a totally different attitude. I have been trading forex live for 2 years and now only trade with the info presented in this thread. For everyone else reading this thread don't take funske's opinion without actually reading this thread and doing the work. For me it took two times through and then the light bulb went on... a very profitable light bulb at that.
I HAVE read through this entire thread and continue to monitor it. I agree with Pipo. There's no method here. Anytime someone comes onto this thread (as well as any other cryptic "kung fu" type thread) and asks for a basic one page explanation of the method, some kool-aid drinker responds with "read the thread, do the excercises, blah blah blah." That's bollocks. If someone can't explain the method without having to refer back to 270 pages of epic nonsense, then there is no method. There never was.

Don't bother to respond, because I already know the answer: "Read the thread. It's all in there. You just haven't searched enough. etc..." right?
  • #4,009
  • May 9, 2008 1:35am May 9, 2008 1:35am
Quoting capitalist88
I HAVE read through this entire thread and continue to monitor it. I agree with Pipo. There's no method here. Anytime someone comes onto this thread (as well as any other cryptic "kung fu" type thread) and asks for a basic one page explanation of the method, some kool-aid drinker responds with "read the thread, do the excercises, blah blah blah." That's bollocks. If someone can't explain the method without having to refer back to 270 pages of epic nonsense, then there is no method. There never was.

Don't bother to respond, because I already know the answer: "Read the thread. It's all in there. You just haven't searched enough. etc..." right?
there is actually a summary pdf file few pages back.
  • #4,010
  • May 9, 2008 3:49am May 9, 2008 3:49am
Skunny never intended to give anything away, he made you think about it so you could learn to trade for yourself. This was not a signal service thread.

here's a basic summary.........

set your fib on support and resistance. (preferably the correct support and resistance)

trade the breakout from the 0/100 to the 138 or 162 extension. (not the ideal place to enter IMO)

better yet, get in early and trade to the 138/162 extensions from the 38 or 62 inner fibs and have some profit in the bank if the 0/100 breakout is a fakeout.

or.......go and join Skunny's $$$$$ site. That is why the thread died.

Even better better yet, go read Bobokus' Fibonacci thread (Bo is constantly online daily helping traders out of the goodness of his heart for FREE!!!!) or take a look at Islanders hybrid Skunny/Bobokus thread for FREE!!!!!!!!

happy trading to all!!!!!!
trading naked.......
  • #4,011
  • May 9, 2008 9:10am May 9, 2008 9:10am
  •  itguy
  • | Joined Sep 2006 | Status: 110..220....Whatever it takes | 39 Posts
Quoting piphitman
Skunny never intended to give anything away, he made you think about it so you could learn to trade for yourself. This was not a signal service thread.

here's a basic summary.........

set your fib on support and resistance. (preferably the correct support and resistance)

trade the breakout from the 0/100 to the 138 or 162 extension. (not the ideal place to enter IMO)

better yet, get in early and trade to the 138/162 extensions from the 38 or 62 inner fibs and have some profit in the bank if the 0/100 breakout is a fakeout.

or.......go and join Skunny's $$$$$ site. That is why the thread died.

Even better better yet, go read Bobokus' Fibonacci thread (Bo is constantly online daily helping traders out of the goodness of his heart for FREE!!!!) or take a look at Islanders hybrid Skunny/Bobokus thread for FREE!!!!!!!!

happy trading to all!!!!!!
Nice that you failed to mention the fact that all the proceeds from the modest monthly subscription go to benefit charity.

Threads die here because people move on to better things, they get tired of the complete negativity and disrespect exhibited by the members of FF.

Nice that you also failed to mention that Bo has a commercial for profit site.

PH you can continue to believe whatever you want about Skunny's site or intentions with this thread, but in the end you know the truth behind it.

Don't insinuate that Skunny's intentions were anything but motivated by the goodness in his heart to help children with Autism through the collection of monthly fees.
  • #4,012
  • May 9, 2008 9:11am May 9, 2008 9:11am
Quoting capitalist88
I HAVE read through this entire thread and continue to monitor it. I agree with Pipo. There's no method here. Anytime someone comes onto this thread (as well as any other cryptic "kung fu" type thread) and asks for a basic one page explanation of the method, some kool-aid drinker responds with "read the thread, do the excercises, blah blah blah." That's bollocks. If someone can't explain the method without having to refer back to 270 pages of epic nonsense, then there is no method. There never was.

Don't bother to respond, because I already know the answer: "Read the thread. It's all in there. You just haven't searched enough. etc..." right?
Well I hope you don't mind I will respond. I agree with Piphitmans response. Go to Bobokus or Islanders threads. They are always around and have great info. My point earlier is that if you go through the thread, and yes I know its a lot of work, but nothing in the world is free and easy. I went through it twice, took me weeks. But I did get some very valuable info. It is cryptic, but for a reason. YOU need to take the info and apply it to YOU. Skunny was never teaching a SYSTEM. If you want a little system with a pretty bow wrapped around it then this isnt the thread for you. But if you wade through it a few times you might just come away with something very valuable. But it is all in your attitude. No offense to you but you seem to be very negative about what is presented here. I suggest you try to open your mind and try again. Good luck, and I do mean that sincerely.
  • #4,013
  • May 9, 2008 9:31am May 9, 2008 9:31am
http://i30.tinypic.com/9k9pnk.gif

Lots of usable tips were presented in this thread. Just learning to plot the fib projections and what to look for when price enters that area is enough to make one lots of pips.
  • #4,014
  • May 9, 2008 9:57am May 9, 2008 9:57am
Quoting Pipo
Thank you Funske for your quick assumption and wisdom you must be a speed reader.

hmmmmmm... now where the truth is out what I am going to do?

Oh well ,back then to the good old lagging ema crossing. I am sure there must be a secret combination no one else before came up with.
Hi pipo, yes I did read the thread completely.

What Skunny learned you in this 270 pages is that 1.38 is support. And that 0.38 and 0.62 is support/resistance too. And that you have to trade this by price action. Besides the 1.38 every newbie with a couple of weeks experience is aware of fibonacci retracements.

It is nothing more than support, sometimes it will reach it at the pip, many times price will go FAR FAR over it. And sometimes it doesn't even reach it.

That's it. So it's up to you how you trade support and resistance. There is no system, there aren't any fixed rules. You have to decide, discretionary !
  • #4,015
  • May 9, 2008 10:00am May 9, 2008 10:00am
Because those of us who did the work which Skunny prescribed....spent the time on Vhands....did the backtesting....did the demo testing....figured out quickly enough there was definitely something at work in the markets which could be learned and traded, but that it could NOT be pursued in an open forum setting filled with negativity and whiners. Only in a private forum community where everyone was unified in purpose and intent could these things be properly explored, taught, and brought to light.

What amazes me is all the folks who joined Skunny's website...tagging along for the ride, apparently pretending to be of like mind and purpose....while secretly believing Skunny had nothing to offer of any REAL value...but yet hanging around "just in case", hedging their bets. All the while badmouthing Skunny in offsite meetings with other members, accusing him of fraud.

This is called hypocrisy, folks.

I can assure you....there is not one single person at Skunny's site who is even remotely deceived as to why that site exists, what our community goals are, and where THEY fit into those goals.

Regarding this thread and the information already contained.... It is said correctly....there is no method taught here. That was made clear from the start. If you are deceived and surprised about that, I suggest you take a deep breath and re-read the first 10 pages.

However, this much IS true.....there is a gold mine of info in this thread. But like real gold ore, I'm sorry to inform you that it must be MINED first. You gotta bust some rock! If you try panning, you might get some little fragments, but to get the BIG chunks it takes some time and work.

Now, if you want a pre-made golden chalice, already hammered out and bejeweled with diamonds and sapphires placed into your uncalloused hands....then close your eyes, click your ruby-slippered heels three times....and say softly to yourself.... "there's NO place like home....there's NO place like home....there's NO place like home"....
  • #4,016
  • May 9, 2008 10:17am May 9, 2008 10:17am
Quoting funske
Hi pipo, yes I did read the thread completely.

What Skunny learned you in this 270 pages is that 1.38 is support. And that 0.38 and 0.62 is support/resistance too. And that you have to trade this by price action. Besides the 1.38 every newbie with a couple of weeks experience is aware of fibonacci retracements.

It is nothing more than support, sometimes it will reach it at the pip, many times price will go FAR FAR over it. And sometimes it doesn't even reach it.

That's it. So it's up to you how you trade support and resistance. There is no system, there aren't any fixed rules. You have to decide, discretionary !

You speak of making trade decisions and discretion almost as if it were the plague.

Yes, it's simple, but I think you're blinding yourself with a scoffing, negative tone. Go back and test and watch price action and figure out WHY it sometimes hits to the pip, plows it through, or retreats...
  • #4,017
  • May 9, 2008 11:47am May 9, 2008 11:47am
Quoting piphitman
Skunny never intended to give anything away, he made you think about it so you could learn to trade for yourself. This was not a signal service thread.

here's a basic summary.........

set your fib on support and resistance. (preferably the correct support and resistance)

trade the breakout from the 0/100 to the 138 or 162 extension. (not the ideal place to enter IMO)

better yet, get in early and trade to the 138/162 extensions from the 38 or 62 inner fibs and have some profit in the bank if the 0/100 breakout is a fakeout.

or.......go and join Skunny's $$$$$ site. That is why the thread died.

Even better better yet, go read Bobokus' Fibonacci thread (Bo is constantly online daily helping traders out of the goodness of his heart for FREE!!!!) or take a look at Islanders hybrid Skunny/Bobokus thread for FREE!!!!!!!!

happy trading to all!!!!!!

There is truth in this post - Skunny never intended on disclosing HIS method of trading. Even if he was to do that, maybe 10% of anyone trying it would be successful....why?

Because its not YOURS.

The goal always was to help individual traders find a method that works for them. Not to spoon feed the masses on making trades.
  • #4,018
  • May 9, 2008 11:58am May 9, 2008 11:58am
Quoting Pipskateer
Go back and test and watch price action and figure out WHY it sometimes hits to the pip, plows it through, or retreats...
Isn't this exactly what we want to know here ?

If someone could answer this WHY of you with like a 90 procent or so chance to hit to the pip then I would call this thread the best thread ever.

But nobody knows. Why ? Because there isn't a setup which garantees your target of 1.38 to be hit. If this setup exists WHY NOBODY MENTIONED THAT HOLY SETUP ?

Believe me you can watch the charts until your eyes fall of your head but it isn't there. If it would exist everybody would trade that setup. There isn't something like a hidden secret in trading.

But if you find it, do not hesitate to let us know
  • #4,019
  • Edited 12:10pm May 9, 2008 12:07pm | Edited 12:10pm
Quoting funske
Isn't this exactly what we want to know here ?

If someone could answer this WHY of you with like a 90 procent or so chance to hit to the pip then I would call this thread the best thread ever.

But nobody knows. Why ? Because there isn't a setup which garantees your target of 1.38 to be hit. If this setup exists WHY NOBODY MENTIONED THAT HOLY SETUP ?

Believe me you can watch the charts until your eyes fall of your head but it isn't there. If it would exist everybody would trade that setup. There isn't something like a hidden secret in trading.

But if you find it, do not hesitate to let us know




...but you see, we HAVE found it.....by following the steps already outlined in this thread.


If you refuse to do the work, you will never get an understanding of why it happens.

Put the time in with vHands....experiment. Take what you learn, and apply to another pair.....rinse and repeat.

Eventually, you will start to see it , over and over and over....
  • #4,020
  • May 9, 2008 12:15pm May 9, 2008 12:15pm
When you make a trade....are you able to pull one pip?

How about 2?

How about 3?

when do you fail?


When you start to understand why you fail at your specific level, then you will have a better chance at capturing 10/20 ...100 pips

I've said enough.....now its your turn ....do the work.
1 trader viewing now