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Indicator Free Trading - Skunny

  • #5,121
  • Jan 7, 2010 10:35am Jan 7, 2010 10:35am
how can I count on you for valid information? You didn't even tell me i was spellin your name wrong all this time!http://cdn.forexfactory.com/images/icons/icon7.gif

ed
  • #5,122
  • Jan 7, 2010 10:40am Jan 7, 2010 10:40am
Quoting edkilp
how can I count on you for valid information? You didn't even tell me i was spellin your name wrong all this time!http://cdn.forexfactory.com/images/icons/icon7.gif

ed

HA! I didn't even notice. I've been too busy being Mr. Mom to pay attention to detials.
  • #5,123
  • Jan 7, 2010 10:49am Jan 7, 2010 10:49am
Hey guys, I'm embarrased to pass judgement so I'll be the first to apologize to Skunny and any of his devoted fans, but I just read the reason why he is charging.....check it out:

http://www.tradefibs.com/index.php?o...d=10&Itemid=22
In Charts We Trust!
  • #5,124
  • Jan 7, 2010 10:54am Jan 7, 2010 10:54am
have to pay for view the site?
  • #5,125
  • Jan 7, 2010 11:07am Jan 7, 2010 11:07am
Sounds like....Skunny probably disappeared because of negativity....he lost a cihld and may not be able to cope with it psychologically....but who knows.....to each his own man.


Quoting TipTop
have to pay for view the site?
In Charts We Trust!
  • #5,126
  • Jan 7, 2010 11:18am Jan 7, 2010 11:18am
Please forgive me if my question seems ridiculous but although i am familiar with the concept of fibonacci numbers, i have no experience trading with fib tools. Im wondering why my fib tool has different numbers to those in the screen shots? I think i may be using the wrong fib tool?
  • #5,127
  • Jan 7, 2010 11:19am Jan 7, 2010 11:19am
I hear lots of conflicting views on him and also the fibs seem to have some value in trading. I'd hate to think someone would use a charity as a cover for a scam especially when children are involved. So in the end I don't wish to discuss it as I don't know enough details. If Skunny has lost a child then he has my deepest sympathy.

MD.
Keep smiling
  • #5,128
  • Jan 7, 2010 11:21am Jan 7, 2010 11:21am
Quoting A-game
Please forgive me if my question seems ridiculous but although i am familiar with the concept of fibonacci numbers, i have no experience trading with fib tools. Im wondering why my fib tool has different numbers to those in the screen shots? I think i may be using the wrong fib tool?
Then fib tools can be manually adjusted in Metatrader.

MD.
Keep smiling
  • #5,129
  • Jan 7, 2010 11:25am Jan 7, 2010 11:25am
Quoting edkilp
how can I count on you for valid information? You didn't even tell me i was spellin your name wrong all this time!http://cdn.forexfactory.com/images/icons/icon7.gif

ed
And I'm with Edkilp on this one.

MD.
Keep smiling
  • #5,130
  • Jan 7, 2010 11:28am Jan 7, 2010 11:28am
He doesn't see anything but fibs.
  • #5,131
  • Jan 7, 2010 11:36am Jan 7, 2010 11:36am
Quoting Misterdaz
Then fib tools can be manually adjusted in Metatrader.

MD.

I already tried that? Still dont get it?
  • #5,132
  • Jan 7, 2010 11:46am Jan 7, 2010 11:46am
What don't you get? Why people use different numbers and levels or, how to adjust them?

MD.
Keep smiling
  • #5,133
  • Jan 7, 2010 11:50am Jan 7, 2010 11:50am
Quoting Misterdaz
Evening all.

Compass, why did you put that fib there, just curious. I've tried walking it there using 138 completions but can't quite get there. I could draw it as below.

Attachment

This would suggest if the 61.8 holds we could be going back down. Sorry, just toying with you, can't get on Xbox at moment.

Ps. Watched some of Andre's stuff before (not Peter, the other one). Yes very good. One thing he mentions which I use, is a break of a level then a pullback to it, then enter, I like that very much.

Oooh a Baileys, thanks...
And 138 of them to boot! If it costs me a hundred bucks a month, so be it! I gotta know what this is! I wanna walk thru completions too!

ed
  • #5,134
  • Jan 7, 2010 11:57am Jan 7, 2010 11:57am
Quoting Misterdaz
What don't you get? Why people use different numbers and levels or, how to adjust them?

MD.
How to adjust them? I tried going into fibo properties but when i changed the numbers the tools didnt work correctly? Which are the relevant numbers for skunny's methods? Ill try again.
  • #5,135
  • Jan 7, 2010 12:07pm Jan 7, 2010 12:07pm
Quoting A-game
How to adjust them? I tried going into fibo properties but when i changed the numbers the tools didnt work correctly? Which are the relevant numbers for skunny's methods? Ill try again.
The fib levels used are down to how you want to trade with them or who's method you want to follow. I'll post a screengrab later showing how to edit them.

Gotta have my dinner now. Sausage and mash with gravy, fantastic!

MD.
Keep smiling
  • #5,136
  • Jan 7, 2010 12:08pm Jan 7, 2010 12:08pm
Quoting edkilp
He doesn't see anything but fibs.
That's not true. I've been seeing some positive pips to.
  • #5,137
  • Jan 7, 2010 12:09pm Jan 7, 2010 12:09pm
Quoting Misterdaz
The fib levels used are down to how you want to trade with them or who's method you want to follow. I'll post a screengrab later showing how to edit them.

Gotta have my dinner now. Sausage and mash with gravy, fantastic!

MD.

Thanks mate that would be great. Enjoy!
  • #5,138
  • Jan 7, 2010 12:16pm Jan 7, 2010 12:16pm
Quoting bartstop
That's not true. I've been seeing some positive pips to.
That's it.....rub it in!

While I'm thinkin about it, would you post a recent chart so I can get a look at your fib setup? Not a specific trade, I just wanna see what your levels are. I put the monthly on there with the daily, and in a few instances you were correct. The price bounced off the longer fib instead of the shorter one. That's good to know. I just wanna see how many fibs you have on your charts. Thanks!!

ed
  • #5,139
  • Jan 7, 2010 12:26pm Jan 7, 2010 12:26pm
Quoting A-game
Thanks mate that would be great. Enjoy!
Hi there. If you wanna edit your fibs, you go into the properties and if you've messed with them a lot, you may wanna click the default button to reset them. The rest is open to personal preference, but a lot of these guys delete the 23.6, 78.2 (if it's there), and the higher ones like 261, and 4-something. If you wanna add the upper and lower extensions, you'll go to the Levels tab, and click add. In the Level column, type in 1.382. In the description column, type 138.2. Click OK, then click Add again. Now add -0.382 for the level and 138.2 in the description. Add again, -0.618 for the level, 161.8 for the description. If you want the price to be displayed on the line next to the fib level, in the description column, put in a few spaces after the number then type %$. As far as the charts you've seen with crap all over them like 'go long', 'failed support', and stuff like that.....well, that's just these smart-alecks in here that know what the levels are and would rather label them as they see fit! But what you type in the description field is what gets displayed on the line. Hope this helps you.

ed
  • #5,140
  • Jan 7, 2010 12:55pm Jan 7, 2010 12:55pm
Good Morning Guys, from sunny Queensland.

Edkilp, placement of the Fib across the previous days completed high/low nails down two things.

1. No misinterpretation of where the Fib should be placed by the trader and
2. It spans the previous days high/low - in themselves support and resistance levels. Therefore you know you have a correctly placed fib and now you just watch how price reacts around the lines.

There are many options you have to trade fibs from one level to another, and if you read some more earlier post, you will see what they are.

Md, how do I get those sheep to just stand still ?
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