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  • #4,061
  • Edited 7:14pm May 11, 2008 6:57am | Edited 7:14pm
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
I've tried to answer these questions with as much truth and directness as possible. You really didn't come out and SAY you read this thread, but you implied it with your "drive-by" type of summary. I don't like calling people liars unless they do it blatantly, which I don't think you have.

So, I'll just say once again, what I have already said about the things Skunny has given everyone here. It's really just the same thing Skunny said in the beginning, which now seems to be held in disdain (sour grapes), bearing witness to the fact that some folks are just lazy and want things handed to them. This is exactly what separates those who will become successful and those who will continue to blame others for failing to hand them a ready-made silver platter. They simultaneously ignore the fact that a 24kt GOLDEN PLATTER has already been laid at their feet, it just needs to be unearthed, cleaned up, and prepared for use.

There IS a repeating pattern in the markets...you can see clear evidence of it when a news release spike hits a fibo target to the pip or within only a few pips. The market gives hints as to where it's headed. To trade it, you must learn to follow price action closely and this takes work. There is no black box, but there IS a way to trade at 100%. Most people won't trade at 100% because we are all human and prone to error, greed, revenge, and other weaknesses.

You are right, you can "watch" the charts till your eyes fall out and you will not ever see anything, filtered through the attitude you currently hold. But if you change your attitude and perspective, your sight will definitely improve.

Call that KungFu Kool-Aide if you like, it works for me. It tastes much better than sour grape juice....


Here is an example of what I'm talking about with targets getting hit with precision accuracy:

FOMC news release on 4/30/2008
E/Y 138 extension target hits within a couple pips
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  • #4,062
  • May 12, 2008 1:08am May 12, 2008 1:08am
Thanks!

Quoting Dunkan
www.tradefibs.com
  • #4,063
  • May 12, 2008 1:17am May 12, 2008 1:17am
How did you choose your fib's high (I mean the high at 162.145)? I don't think I'd ever choose that particular point to draw it from, and that's one thing I still kind of have trouble with, even though I'm rereading the thread and making some progress with it.

Quoting Pipskateer
I've tried to answer these questions with as much truth and directness as possible. You really didn't come out and SAY you read this thread, but you implied it with your "drive-by" type of summary. I don't like calling people liars unless they do it blatantly, which I don't think you have.

So, I'll just say once again, what I have already said about the things Skunny has given everyone here. It's really just the same thing Skunny said in the beginning, which now seems to be held in disdain (sour grapes), bearing witness to the fact that some folks are just lazy and want things handed to them. This is exactly what separates those who will become successful and those who will continue to blame others for failing to hand them a ready-made silver platter. They simultaneously ignore the fact that a 24kt GOLDEN PLATTER has already been laid at their feet, it just needs to be unearthed, cleaned up, and prepared for use.

There IS a repeating pattern in the markets...you can see clear evidence of it when a news release spike hits a fibo target to the pip or within only a few pips. The market gives hints as to where it's headed. To trade it, you must learn to follow price action closely and this takes work. There is no black box, but there IS a way to trade at 100%. Most people won't trade at 100% because we are all human and prone to error, greed, revenge, and other weaknesses.

You are right, you can "watch" the charts till your eyes fall out and you will not ever see anything, filtered through the attitude you currently hold. But if you change your attitude and perspective, your sight will definitely improve.

Call that KungFu Kool-Aide if you like, it works for me. It tastes much better than sour grape juice....


Here is an example of what I'm talking about with targets getting hit with precision accuracy:

FOMC news release on 4/30/2008
E/Y 138 extension target hits within a couple pips
  • #4,064
  • May 12, 2008 1:43am May 12, 2008 1:43am
Two things amaze me about people.

One is the irrational constructive energy some people direct toward others. Skunny is an example.

The other is the irrational destructive energy some people direct toward themselves. Unfortunately, there were several recent examples here on this thread.

I pity the latter kind of people who don't spend several dozen hours reading even through the first 200-300 posts and trying out for themselves the things that are described there. Not only they miss the chance to become rich, this is not so important, they miss the rare opportunity to witness the beauty of God's (or nature's, if you want) creation.
sans peur et sans reproche
  • #4,065
  • May 12, 2008 2:14am May 12, 2008 2:14am
Quoting Pipskateer
Here is an example of what I'm talking about with targets getting hit with precision accuracy:

FOMC news release on 4/30/2008
E/Y 138 extension target hits within a couple pips
THat's a great example but I can give you even more examples which didn't hit target. Sure this ratios are support and resistance and therefore very usefull as a target. So use it for that reason and don't trade the breakout of the 0/100.

You can trade 100 procent but then you don't trade much. As Skunny said we are (wannabe) traders and we can't sit on our hands all day.

You can watch for a setup which results in 100 procent winners but you will not find it with the breakout of the range. Even worse you will lose this way because when you lose 2 times in a row you have to win 6 in a row to breakeven.

THere are much easier ways to trade with much higher r/r, definitely.
  • #4,066
  • May 12, 2008 2:51am May 12, 2008 2:51am
One thing that has me repeatedly stumped now is that I can't find any mention of the "Stephen Raymond Foundation" outside of FF or the tradefibs webpage.

There is also no "donate only" clue anywhere(button, link, page or other) for people who don't want to join the site but just donate to a charity/foundation directly. There seems to be no internet visible registration of it, the slogan doesn't show up on any search and the only mention of Skundberg is one as a realtor without much details at

http://www.incredibleagents.com/real...erg/index.html


Also in the workshop thread there's been mention of wishing to directly contribute to the foundation seperately and as far as I can see this went by unnoticed/unaddressed by Skunny, whereas most other fun and games went answered.

This just doesn't make any sense to me if the point is to get as much money as possible into charity hands and make things known about a problem.
I would have expected a webpage and link to it SOMEWHERE. Charity is about awareness and promotion after all.
Trust price. Know yourself.
  • #4,067
  • May 12, 2008 4:28am May 12, 2008 4:28am
I think part of the problem here is that people are still looking to fit what Skunny posted into a system. Skunny was never giving you a system to trade, just trying to open your eyes to new possibilities. When I see people say "Oh, it's just a breakout system, take the break of the 0/100 and tp at the 138", I have to laugh. Really? You think that's all there is to it? That's all Skunny was trying to get across? You feel let down because after reading all the pages and pages of this thread, that's all you got from it?

Maybe what was posted here was just one small example of something much bigger. But it seems everyone wants something mechanical. They want to hear step-by-step, do this, then do this, then do this and you will be rich. Well, trading PA and S/R isn't totally mechanical. It takes time, practice and experience. That's where the vhands time comes in. Skunny didn't give you any rules or absolutes, just ideas. Where you take those ideas is up to you.

If you don't want to take the journey or explore the possibilities, then I would suggest studying Bobokus' thread on fib trading. His methods are very good and he's laid it out very well and clearly explained things. Though he will still suggest lots of vhands time to test his methods as well.

There's no reason to bash Skunny or this thread. If it's not for you, or you just don't get it, then move along to any of the other thousand system threads here until you find something that fits your style.
  • #4,068
  • Edited 7:00am May 12, 2008 5:16am | Edited 7:00am
Quoting pipsalot
How did you choose your fib's high (I mean the high at 162.145)? I don't think I'd ever choose that particular point to draw it from, and that's one thing I still kind of have trouble with, even though I'm rereading the thread and making some progress with it.
I missed the previous long trade from the first resistance level, so that was the next S/R area available. Price had already signaled it was going long, so I waited for a retrace back down to the trigger line.
  • #4,069
  • May 12, 2008 5:24am May 12, 2008 5:24am
Quoting funske
THat's a great example but I can give you even more examples which didn't hit target.
If I were a betting man, I could have made easy money betting you would have said that.

No offense intended, but It's pretty clear there is nothing here that suits you and it sounds as if you already have other ways of trading that do. So, I wish you all the best in your trading.
  • #4,070
  • Edited 5:55am May 12, 2008 5:35am | Edited 5:55am
Quoting SeekingLight
One thing that has me repeatedly stumped now is that I can't find any mention of the "Stephen Raymond Foundation" outside of FF or the tradefibs webpage.

There is also no "donate only" clue anywhere(button, link, page or other) for people who don't want to join the site but just donate to a charity/foundation directly. There seems to be no internet visible registration of it, the slogan doesn't show up on any search and the only mention of Skundberg is one as a realtor without much details at

http://www.incredibleagents.com/real...erg/index.html


Also in the workshop thread there's been mention of wishing to directly contribute to the foundation seperately and as far as I can see this went by unnoticed/unaddressed by Skunny, whereas most other fun and games went answered.

This just doesn't make any sense to me if the point is to get as much money as possible into charity hands and make things known about a problem.
I would have expected a webpage and link to it SOMEWHERE. Charity is about awareness and promotion after all.
hehe....well, if you knew how completely inept Skunny is with "techie" stuff, you wouldn't be so surprised. I think he's finally mastered starting a Skype chat now....

I'm not a designated "spokesman" for SRF or Skunny, but I think most of what you have mentioned here is in the works. Also, you must realize that the vision for TradeFibs and SRF involves building a community of traders who will provide funding for SRF through their trading efforts. I don't think it was intended to be a public outreach focused situation, although I could certainly be wrong about that. (Oh, and as soon as we get Sizzler routed to his own OC-3 connection, we'll maybe have enough residual bandwidth left for a dedicated SRF website.... )
  • #4,071
  • May 12, 2008 5:48am May 12, 2008 5:48am
Quoting brucehvn
I think part of the problem here is that people are still looking to fit what Skunny posted into a system. Skunny was never giving you a system to trade, just trying to open your eyes to new possibilities. When I see people say "Oh, it's just a breakout system, take the break of the 0/100 and tp at the 138", I have to laugh. Really? You think that's all there is to it? That's all Skunny was trying to get across? You feel let down because after reading all the pages and pages of this thread, that's all you got from it?

Maybe what was posted here was just one small example of something much bigger. But it seems everyone wants something mechanical. They want to hear step-by-step, do this, then do this, then do this and you will be rich. Well, trading PA and S/R isn't totally mechanical. It takes time, practice and experience. That's where the vhands time comes in. Skunny didn't give you any rules or absolutes, just ideas. Where you take those ideas is up to you.

If you don't want to take the journey or explore the possibilities, then I would suggest studying Bobokus' thread on fib trading. His methods are very good and he's laid it out very well and clearly explained things. Though he will still suggest lots of vhands time to test his methods as well.

There's no reason to bash Skunny or this thread. If it's not for you, or you just don't get it, then move along to any of the other thousand system threads here until you find something that fits your style.
Bruce, I cannot add one single thing to what you've said here.
  • #4,072
  • May 12, 2008 7:21am May 12, 2008 7:21am
Quoting Pipskateer
Bruce, I cannot add one single thing to what you've said here.
Knowing Bruce as a highly intelligent and articulate person; you're probably right about "not much more to say"......but I'm gonna try!

Just a few more thoughts:

1)
Quote
Also in the workshop thread there's been mention of wishing to directly contribute to the foundation seperately and as far as I can see this went by unnoticed/unaddressed by Skunny, whereas most other fun and games went answered.
Did you ever ASK Charlie if he's had any contact with Skunny about how donations could be made? Did you ever ask anyone else (like me...for example), who has had direct contact with Skunny about how to donate? Have you ever yourself offered to donate anything and contacted Skunny about how to do so?............NUFF SAID!

Oh yeah....just because YOU couldn't find out anything about a PRIVATE charitable organization does not test it's existence or validity....sorry to break that to you. Tell me what you know about all the private philanthropic activities of a Warren Buffet or a Bill Gates or a Walton family member? Think these folks don't do things in private just because YOU can't find out about it?

As far as active public solicitation of funds....well....let's just say Skunny is a pretty classy guy. Those interested in donating will find a way to do so.

2) A quick note to those reading this thread for the first time. Please don't construe the responsive comments to the negative posters here any validation of their points. There are always going to be naysayers, neer-do-wells, and "nattering nabobs of negativity" in all walks of life. FF is no different. Some folks could be starving, have a steak dinner placed on a table across the room, and be too lazy to get up and get it.....much less be expected to cut their own meat and feed themselves! Then they try to rationalize their laziness by criticizing the cook, the waiter, the busboy, etc...

The only reason for even responding to some of the ego-driven attempts to "diss" this thread is to let those folks who are serious, honest, willing to work at getting successful, not expecting to be spoonfed, and willing to share their blessings.....that there is something of value here. Do yourself a favor. Read my earlier link to "Acres of Diamonds". Read Bruce's thread again. Focus REAL HARD on what he comes out and says. Believe he is telling the truth. Then; decide your next course of action.

A word to the wise is usually sufficient......

I really have nothing else to say about this "Skunny is BS crap". Wise men don't need it and fools won't heed it.......
  • #4,073
  • May 12, 2008 5:16pm May 12, 2008 5:16pm
Hi Guys,

I can see afew old guys around 2nite(when I say old I mean the real dudes who contributed emensely to this great thread, Im still going through the thread and picking up alot of gems that might have taken me years to acquire in this forex journey of mine and also laughing my head off with Sizzler the man's posts, everytyme I read his posts I cant help it but to crack up.

All you guys/gals have contributed to this great and hopefully legendary thread in FF and cant wait to finish the thread though everytyme I think Im getting close to the end then you guys are back to post something or defend something.

I think us newbies to this thread knows what an informative, educative and analytic thread this is and also downright entertaining, people will pay good money to get entertain with what you guy/gals have given for free.

Thanks to Skunny for this wonderful thread, thanks also to Bo for his thread and where I found out about this thread, now back to finishing this thread and more vhands.
  • #4,074
  • Edited 11:26pm May 12, 2008 11:13pm | Edited 11:26pm
Quoting Brunite
1) Did you ever ASK ....
No the whole point I was making was that it was odd to put something publicly in your signature and promote it as something to which proceeds will go to and then not add public access to it as well. Dito for making a whole webpage about it (hence voiding the technical argument - if you can make tradefibs.com you can make SRF.com - but there's not even a "donate despite us being at 100 members capacity" at the same webpage already in existance - and that doesn't need tech savvy, that just needs a contact form or a few lines of text, an email address, etc).

Either something is dear to you and you're actively pursuing an engagement or you're private about it(since you mentioned other folks). Either you're private with a reason (you do it because YOU want to do it, for yourself as a PRIVATE endeavor) or you're public / promote(because you find it's a worthy cause the world should be aware of and are trying to get as much help as possible even if this means just to actually INFORM people of the existance of the problem you're fighting, causing awareness, etc).

Both just didn't make any logical sense to me and it still doesn't.
The "just because YOU" / "did YOU ever.." line of arguing wasn't the point but the whole mechanics/intent/stringency of it. Not of me.

I'm built that way, things need to make sense to me.

And as for things don't have to or not exist just because we can't seem to find them when we look...well that's no longer news to me since the first God debate.

But again - either you're a private benefactor and have your fullfilment in the act itself, or you're promoting and actively pursuing. No dichotomy for me here, both at once doesn't make sense to ME, so _I_ asked. Again: things just need to make sense to me in this world, so I try and find out about them.

If everything like mentioned is already underway etc, then good, I was just curious why it didn't pop up relatively parallel to the founding of the foundation itself and the inception of tradefibs.
----

I can't say or ask much about the "method" since so far I haven't seen anything that suggests something beyond retracement/extension plays and it seems there's a vast misconception of being unable to provide an abstract of an idea(even complex medicine papers are obliged to have one) vs spoonfeeding someone every mouse click.

Example:
I can say PA is about seeing a well described and multiple entry-style(on retrace vs on break) choice bar or bar combination setup(found within the first 20-40 posts with chart examples at the main thread) at points of confluence on the chart. Confluence consists of a coming together of fibs/TLs/s/r/MAs and whatever else you can find.

That's 2-3 lines, describes exactly what it does(and why it works if you ask me), yet does 0 to spoon feed anyone as a description isn't knowing how to actually DO it. But it simply says what it IS.

I'm not sure the difference of those two has become clear in this discussion yet.
Trust price. Know yourself.
  • #4,075
  • May 12, 2008 11:57pm May 12, 2008 11:57pm
"nattering nabobs of negativity"

good one Spiro Brunite
trading naked.......
  • #4,076
  • May 13, 2008 6:07pm May 13, 2008 6:07pm
Quoting SeekingLight
No the whole point I was making was that it was odd to put something publicly in your signature and promote it as something to which proceeds will go to and then not add public access to it as well.
Hey SL,

Why are you so angry? That's not the SL I know.

A web site can be slapped up in a day or two. Getting a charity set up with careful attention to all detail legal and managerial takes just a bit longer.

Skunny's teachings are everything he promised.

The Foundation will be just as good.

Again I ask

Why are you so angry? That's not the SL I know.

Surely you haven't bought into the crap the Jackholes of this thread have been spewing.....have you?

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #4,077
  • May 13, 2008 11:52pm May 13, 2008 11:52pm
Quoting diallist
Hey SL,

Why are you so angry? That's not the SL I know.

A web site can be slapped up in a day or two. Getting a charity set up with careful attention to all detail legal and managerial takes just a bit longer.

Skunny's teachings are everything he promised.

The Foundation will be just as good.

Again I ask

Why are you so angry? That's not the SL I know.

Surely you haven't bought into the crap the Jackholes of this thread have been spewing.....have you?

Dial
I'd like to point out that neither SeekingLight nor I have resorted to name calling over the past few pages. Yet you and others have. Our questions have been very specific and rational. Yet the answers have been vague and/or filled with emotion.

WHO sounds angry again???
  • #4,078
  • May 14, 2008 12:53am May 14, 2008 12:53am
Quoting diallist
Hey SL,
Why are you so angry? That's not the SL I know.
Hey Diallist.

Text doesn't convey tone well, but I thought I was just writing normal, curious question. I tried to explain why, too.

Quote
A web site can be slapped up in a day or two. Getting a charity set up with careful attention to all detail legal and managerial takes just a bit longer.
Well I assumed that if it already had a name and proceeds are already going towards it, it has to be registered, set up - account, registrar and all - already beforehand.

Also
Quote
The Foundation will be just as good.
Says here "The Stephen Raymond Foundation (SRF) was created in 2005".
I was curious why after that amount of time it had no visibility or representation other than a signature tagline(google returns 2 hits: FF thread and tradefibs).


Quote
Skunny's teachings are everything he promised.

Dunno, I wasn't doubting effectiveness or anything, problem being I still don't even know what it is yet, so how could I judge anything

I've still not found much of a summary..it seems to involve drawing fibs "early" and then "locking them" in before new peaks are made, which then means because one locked them, whatever peaks above the 100/0 line for a few pips is then an indication of direction, then the fall back is the retrace, then wherever it exits => those extensions may get hit...or something. I'm trying to guess it together from what I've seen posted(Scotty / Islander etc).

Again, a simple 2-3 sentence abstract isn't an impossible task, no? I was just trying to offset what I think people were wondering about(nothing wrong with a rough summary) versus the usual is-there-an-EA-please-send-signals-to-this-email-can-you-tell-me-what-to-do stuff. There is a difference.


Quote
Surely you haven't bought into the crap the Jackholes of this thread have been spewing.....have you?
Dial
Actually I've skipped any post not by skunny/islander/bobokus/scotty b(those related to this whole fib stuff best of my knowledge) so far and just poked at it vaguely so far. There's just so MUCH fluff in most threads

Nothing to be angry about, so why would I be?

Again - some things just stumped me / didn't make any apparent sense to me, my way of thinking, and I have all my life, always, tried to ask whenever I didn't understand anything. Our version of Sesame Street taught me that(theme song goes "he who doesn't ask stays dumb").
So I was asking about what I wondered about.
I don't think there was any kind of irrational demand or anything to be found in there

Nice to see you around the FF side, too

TC,

SL
Trust price. Know yourself.
  • #4,079
  • May 14, 2008 2:24am May 14, 2008 2:24am
Nice trade from today. Target hit to the pip. I don't know if that trade is exactly according to Skunny's teachings (because I don't know exactly what they are yet) and I would love to hear comments about the way I set up the fib, but still... A clean 35 pip profit. Hit the target and reversed.
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  • #4,080
  • May 14, 2008 3:50am May 14, 2008 3:50am
Currently about the only thing I've "figured out" is that it appears at least that Skunny's approach uses the same target projection method as some other folks, including FXV and me over at J16 -> 50% retrace and move out tends to end up at 138.2%.

Renaming the fibs(i.e. omitting the %) makes it a bit opaque as to what's going on, but I think that's what you just posted and what I've seen on some other charts

It would be an incredible help if someone just said "all it is is a handful of rules: .382 retraces tend to go furthest (=> 138.2% to 150%), 50% retraces tend to hit the 138.2% and deep .618 go to around a bit over 120%" or something of the like...again, I don't think it'd kill anyone to break it down to something legible and understandable to someone KISS minded

I've used fib extensions as well as expansions myself => note how the pin at the 50% moved to 161.8% and had some reaction around the 138.2% area - plus minus a hundred pips or so

I'm not sure why it's such a crime to "confess" as to what's really going on.

If what it is is that there's a rule of thumb retracement equals extension guideline, then good, at least I know I'm not missing something totally super-secret and unique and can feel confident I'm already using something others have found useful as well..
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Trust price. Know yourself.
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