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Indicator Free Trading - Skunny

  • #4,281
  • Dec 1, 2009 9:58pm Dec 1, 2009 9:58pm
G'day,

Good to see this thread alive again mates. It is bar none the best thread on this site. Pay attention to the 62 the 50 38 and mostly the properties of sr and you will not have to guess anymore as rear over teakettle as that sounds.

Lose the indicators chaps and there are more then a few ways to skin the beast. have fun mates! and remember to look at fibs as sr. Don't read anything other the what Skunny wrote and be creative in the context of sr and the fib will indicate you are right as price dances off of it.

GLGT

TK
  • #4,282
  • Dec 2, 2009 1:19am Dec 2, 2009 1:19am
Morning everyone. It's a cold wet one here in England. I'm pretty sure Skunny suggested using the Zig Zag early on in the thread to find swing points. Somebody was definately using it. You can also use Fractals, they do the same job. Remember Skunny had a feel for it, he could see where the fibs should go just by looking at the chart, it's one of the reasons he suggested everybody put some time in on Vhands.

Darren.
Keep smiling
  • #4,283
  • Edited 4:08am Dec 2, 2009 1:39am | Edited 4:08am
Have a look at post #407. Skunny suggest a non lag zig zag indi for guidance, not for trading. I think he later slags it off.
Keep smiling
  • #4,284
  • Dec 2, 2009 9:47am Dec 2, 2009 9:47am
[quote=Trader_X;3274764] why wont anyone explain to me how to post a screenshot??

So.. go to "File," "Save As Picture," and save "Active chart (as is)." Save it on the desktop (or somewhere else you know where it is) Then go to "Manage attachments" and upload the pic.

As far as PA on the inner fibs go, I use it to gain further assurance that the fib I have drawn is the correct one. If the market doesn't react to the inner fibs, then chances are you have drawn the fib incorrectly. I originally thought that "validation" of a fib involved the market to achieve some particular internal retracement; now, not so strongly. That being said, the market can and does work on multiple cycles in multiple time frames at the same time, so the fib you draw may not be the same fib I draw, but both of them could still work. It actually takes much practice to draw fibs correctly (your version of correct); there is no easy way around it either. Successful traders are like artists, and I'm not just talking about successful traders that have roots in this particular method. It is essential that each individual gain their own understanding of the market and that only comes with patience, time and persistence. There is a wealth of information in this thread. If you pay attention, it will provide you with a solid base from which to build and grow your understanding of the markets.

Here are couple of fibs..
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 25 KB
Has what you wanted to see made you blind?
  • #4,285
  • Dec 2, 2009 7:55pm Dec 2, 2009 7:55pm
I've been watching this thread since the beginning, and was sad to see it burn out. Is it approaching critical mass again? Let's hope so. Some things I remember from Skunny early on:

"You can walk your fib from candle to candle for months and it should only take a few minutes before you see what I'm talking about."

"...if your stop is in a place where you aren't prepared to place a trade in opposite direction, you have some work to do."

"...you can actually enter the market and never leave."

Very interesting.
  • #4,286
  • Dec 2, 2009 8:29pm Dec 2, 2009 8:29pm
thomknight.... very interesting post...but it sounds like a riddle... please no more riddles .. the followers of this thread have been through enough... can you be more specific... we are all ears if you found or know something we can all use to pin down the answer to skunnys riddle...please elaborate!
  • #4,287
  • Dec 2, 2009 8:31pm Dec 2, 2009 8:31pm
thank you to the members who posted instructions on how to post screenhots!
  • #4,288
  • Dec 2, 2009 10:12pm Dec 2, 2009 10:12pm
So what do you think?
Has what you wanted to see made you blind?
  • #4,289
  • Dec 2, 2009 10:14pm Dec 2, 2009 10:14pm
there is something we all need to figure out... skunny said on one of his first post that we need to draw a chart like his and see what happens when it is penatared not boken.. that its important to watch it live ..ive traded vhands and i dont get it...any ideas any one
  • #4,290
  • Dec 2, 2009 10:17pm Dec 2, 2009 10:17pm
Quoting Trader_X
there is something we all need to figure out... skunny said on one of his first post that we need to draw a chart like his and see what happens when it is penatared not boken.. that its important to watch it live ..ive traded vhands and i dont get it...any ideas any one
Can you find that post? Did he say penetrated but not broken or penetrated and not completed..
Has what you wanted to see made you blind?
  • #4,291
  • Dec 2, 2009 10:28pm Dec 2, 2009 10:28pm
Check your pm Trader_X
Has what you wanted to see made you blind?
  • #4,292
  • Dec 2, 2009 10:58pm Dec 2, 2009 10:58pm
Quoting ak47dan2004
Lets do it here is a trade I took today that touched the 61.8% to the pip then dropped like a rock. I always set my orders to open at the 61.8% and the 76.4% fib even though skunny never talked about the 76.4% fib. What do you guys think? Price action pierced the 0% fib so I drew a secondary fib but price seems to respect the green more than the red.
Oh! Good, good! More than one fib. Yes!

Fibs on fibs, probability on probabilities, stack 'em, rack 'em. Approach 100%!!

But how to work with 2 or 3 fibs? Much time and observing on vhands necessary.

Worth it, it is!!!
You want Fryes with that?
  • #4,293
  • Dec 2, 2009 11:18pm Dec 2, 2009 11:18pm
Quoting Dunkan
Check your pm Trader_X
Hey Dunkan I want in too lol.. Can you share with all of us and if not could I get a pm...please? Skunny sure left us with a riddle didn't he. I trade really good now and when I take a trade the rr is usually 3 times reward compared to risk so I want to thank him for that. The only thing I cant figure out is when a trade doesnt work WHY doesnt it work.
  • #4,294
  • Dec 2, 2009 11:51pm Dec 2, 2009 11:51pm
Quoting fry2010
skunny probably made a quick buck and ran. NOT true! Is absolute falsehood!
Quoting fry2010
I doubt you will get hold of him. Yes, borders on impossible.
Quoting fry2010
But there is good info here and u can make a trading system from it. Absotutely correctamundo!
Quoting fry2010
But it probably wnt be what skunny uses. No, but there be many ways to use info in this thread to beat 99% of traders!
Quoting fry2010
If anyone wants info on what I know, pm me. You are kind and generous!
..........
You want Fryes with that?
  • #4,295
  • Dec 2, 2009 11:57pm Dec 2, 2009 11:57pm
Quoting Jono
You would be better searching for Bobokus. He was the guy that skunny learnt from and Bobokus stayed in FF for much longer, giving his knowledge and help for free.......
If I had a bit of money for every time I've seen this FALSEHOOD in this thread, I wouldn't have to trade anymore!

Skunny did NOT learn from Bobokus. People, please stop perpetuating that LIE!!

Thank you most kindly!
You want Fryes with that?
  • #4,296
  • Dec 3, 2009 6:07am Dec 3, 2009 6:07am
ak47... please pay no attention to dunkans pm thing... he and i are very old friends from the street... its nothing really


dunkan ... read post 6 on the first page... its penetrate not broken...


now has anyone figure this very important part of the riddle out?
  • #4,297
  • Dec 3, 2009 7:51am Dec 3, 2009 7:51am
Skunny wrote in post #6 that we need to draw a chart like his and see what happens when price penetrates but doesn't break...and that it's IMPORTANT that we do this live (on vhands)...now I've traded vhands till I'm blue in the face and I don't get what he wanted us to see...but he said this was a most important and first step... So did anyone out there figure out this important part of the riddle? Ak47 - misterdaz what do you guys think on this one ? Any clue to what he wanted us to see?

The thing that always gets me is Everytime I have a fail ( skunny says if a fib fails you drew it wrong!) I can go back and redraw and I find where I Shouldve drawn it from...so our goal is to not to figure out WHY it failed , we know why( cause we drew it in the wrong place) the goal is to figure how to know ahead of time where that correct fib is supposed to be!
  • #4,298
  • Dec 3, 2009 4:15pm Dec 3, 2009 4:15pm
Does anyone even know what happened to skunny? I tried to use the contact us link on tradefibs.com his private site but I cant even do that. I wonder if Bobokus could contact him and try to revive this thread or even start a new one. I am like all of you guys I am just waiting for the puzzle together I have read skunnys posts at least 3 times in the last 2 months. I am reading it again and thought I would take a break lol.
  • #4,299
  • Dec 3, 2009 4:38pm Dec 3, 2009 4:38pm
Been busy with kids schools and stuff, mulled wine mmmmmm.

Hey look, I'll print skunny's posts off, there's a pdf somewhere. I'll give em a read and see if anything clicks this time. If it doesn't I think it's time to move on, I've spent enough time on this thread reading it and life's too short. I'm not a quitter but this is all too mystical for me. Hey I like Sam Seiden's stuff anyway, much simpler.

Although it's always a pleasure to talk to Texans.
Keep smiling
  • #4,300
  • Dec 3, 2009 4:57pm Dec 3, 2009 4:57pm
Quoting Misterdaz
Been busy with kids schools and stuff, mulled wine mmmmmm.

Hey look, I'll print skunny's posts off, there's a pdf somewhere. I'll give em a read and see if anything clicks this time. If it doesn't I think it's time to move on, I've spent enough time on this thread reading it and life's too short. I'm not a quitter but this is all too mystical for me. Hey I like Sam Seiden's stuff anyway, much simpler.

Although it's always a pleasure to talk to Texans.
Hey there Misterdaz could you give me a link to Sam Seiden's lessons. Thanx in advance
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