Attachments: Indicator Free Trading - Skunny

Indicator Free Trading - Skunny

#5,161
Jan 7, 2010 3:12pm Jan 7, 2010 3:12pm

Misterdaz
Joined Jul 2009 | Status: symbol | 1,549 Posts

Quoting edkilp

Disliked

I think I got it now. I corrected the original post where all this crap started! Now that I have 18 lines on my chart....what do I do with them??? I'll get out of that coal mine somehow!

ed

Ignored

Read thru Compass's posts. I'm sure it's all there. Once you work it out you still need to considering how to manage your trades.

I'll tell you for £50 a week.

Keep smiling

#5,162
Jan 7, 2010 3:12pm Jan 7, 2010 3:12pm

Misterdaz
Joined Jul 2009 | Status: symbol | 1,549 Posts

Quoting RaptorUK

Disliked

To be clear . . .

Fib golden section (GS) is 1.618033989 reciprocal of this is 0.618033989 (approx 61.8%) take this away from 1, so 1 - 0.618033989 = 0.3819660113 (approx 38.2%)

This is where we get our "standard" Fib levels as used originally in this thread.

- 0.382
0.0
0.382
0.5
0.618
1.0
1.382

You can add a 50% in there if you like . . . I have, its red.

Ignored

MD.

Keep smiling

#5,163
Jan 7, 2010 3:20pm Jan 7, 2010 3:20pm

skong
| Joined Mar 2006 | Status: Trader | 172 Posts

Misterdaz,

Have a look at this chart.

Apologies to BarTstop. I didn't even realise my mistake as well. I thought it was barstop all along.

SK

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#5,164
Jan 7, 2010 4:00pm Jan 7, 2010 4:00pm

Misterdaz
Joined Jul 2009 | Status: symbol | 1,549 Posts

Intriguing.

Keep smiling

#5,165
Jan 7, 2010 4:24pm Jan 7, 2010 4:24pm

Checkz
| Joined Dec 2009 | Status: Trader | 1,171 Posts

On Gbp/Usd I exited the trade early but it hasn't actually hit the 1.382 fib ext yet. Do I need to wait until 1.382 fib ext is hit or can I consider this as a complete And fib the candle with the green arrow directly below it with the #43.7 under it.

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#5,166
Jan 7, 2010 4:47pm Jan 7, 2010 4:47pm

edkilp
| Joined Dec 2009 | Status: Trader | 78 Posts

Bartstop is gonna have to change his name. That's all there is to it. We all call you barstop, so that's what it has to be. Unless we all agree to put that big T in there like MD did. And that takes up too much fib time....name has to change!

ed

#5,167
Jan 7, 2010 4:52pm Jan 7, 2010 4:52pm

Misterdaz
Joined Jul 2009 | Status: symbol | 1,549 Posts

Did you take the short @ 1.5935 today? Tricky thing is you are all in different time zones.

Keep smiling

#5,168
Jan 7, 2010 4:55pm Jan 7, 2010 4:55pm

Misterdaz
Joined Jul 2009 | Status: symbol | 1,549 Posts

Quoting Checkz

Disliked

On Gbp/Usd I exited the trade early but it hasn't actually hit the 1.382 fib ext yet. Do I need to wait until 1.382 fib ext is hit or can I consider this as a complete And fib the candle with the green arrow directly below it with the #43.7 under it.

Ignored

Chekz, if you are following Compass then wait for the day to close. You can then happily fib the closed day in the direction of the candle, so a down day would see the zero at the bottom.

MD.

Keep smiling

#5,169
Jan 7, 2010 4:56pm Jan 7, 2010 4:56pm

Misterdaz
Joined Jul 2009 | Status: symbol | 1,549 Posts

Quoting edkilp

Disliked

Bartstop is gonna have to change his name. That's all there is to it. We all call you barstop, so that's what it has to be. Unless we all agree to put that big T in there like MD did. And that takes up too much fib time....name has to change!

ed

Ignored

I think we're gonna have fun with you. Have you got any interesting mining stories Ed?

MD.

Keep smiling

#5,170
Jan 7, 2010 5:00pm Jan 7, 2010 5:00pm

edkilp
| Joined Dec 2009 | Status: Trader | 78 Posts

Quoting Misterdaz

Disliked

I think we're gonna have fun with you. Have you got any interesting mining stories Ed?

MD.

Ignored

There's nothing interesting down there. Nothing fun. Nothing pleasant. One thing that some might find interesting is that it's all white down there. Looks like snow everywhere. Of course, most would expect it to be black, and the coal is, but we have to spread finely ground rock dust on everything to prevent combustion. So the whole stinkin place is white! Go figure.

#5,171
Jan 7, 2010 5:11pm Jan 7, 2010 5:11pm

bartstop
| Joined Mar 2009 | Status: trader of the lost ark | 792 Posts

Had to go pick up the wife from work. I just got back and had a little present waiting for me. GJ hit the target to the exact pip. EJ went 3 pips past. I try to set my TP 5 pips below just to be safe. I hope tonights setup works out just as well.

BarTstop

PS - You guys are killing me.

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#5,172
Jan 7, 2010 5:11pm Jan 7, 2010 5:11pm

Misterdaz
Joined Jul 2009 | Status: symbol | 1,549 Posts

It's amazing in this technoligical age that we are still sending people down coal mines. I suppose it's a stupid question to ask if it is dangerous? Isn't it bad for your respiratory system as well? Ithought getting on a crowded train was bad.

I can see why you'd want to learn this stuff.

Gonna watch Heroes now.

CU later chaps.

Keep smiling

#5,173
Jan 7, 2010 5:18pm Jan 7, 2010 5:18pm

edkilp
| Joined Dec 2009 | Status: Trader | 78 Posts

It's not as dangerous as it was back in the day. Very heavily regulated now, so the feds are in there all the time. Dust control is a science in itself,and though there is dust there all the time, it's supposedly notthing to be alarmed about. I have been hit in the head and in the back by debris (big fat rocks) fallin from the roof. That wasn't real nice. Actually, the main cause of fatalities in the coal mines is haulage accidents....people gettin crushed by equipment. Yeah, I'd like to get out of there, but it pays a ton, and all theru the 2008 econimic crunch in the US, we didn't miss a beat. 60 hours a week, every week. So I guess I should be pretty thankful that I have a job to go to. See ya tomorrow.

ed

#5,174
Jan 7, 2010 5:25pm Jan 7, 2010 5:25pm

Checkz
| Joined Dec 2009 | Status: Trader | 1,171 Posts

Quoting Misterdaz

Disliked

Chekz, if you are following Compass then wait for the day to close. You can then happily fib the closed day in the direction of the candle, so a down day would see the zero at the bottom.

MD.

Ignored

When you say down day do you mean on a down candle. In my chart is this the way my Fibs should be drawn with the zero at the bottom? Oh yeah and I left the .382 and .618 line on purpose since FxCompass uses the .236 & .764 line for reversal trades!!!

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#5,175
Jan 7, 2010 5:41pm Jan 7, 2010 5:41pm

bartstop
| Joined Mar 2009 | Status: trader of the lost ark | 792 Posts

Quoting edkilp

Disliked

It's not as dangerous as it was back in the day. Very heavily regulated now, so the feds are in there all the time. Dust control is a science in itself,and though there is dust there all the time, it's supposedly notthing to be alarmed about. I have been hit in the head and in the back by debris (big fat rocks) fallin from the roof. That wasn't real nice. Actually, the main cause of fatalities in the coal mines is haulage accidents....people gettin crushed by equipment. Yeah, I'd like to get out of there, but it pays a ton, and all theru the 2008...

Ignored

My industry is about the same, we have OSHA crawling up our asses all the time. It's a pain but I'm glad they're there. It's pretty rare that an electrician gets killed. Our biggest danger other than electricution (of course) is falling. A few weeks ago we had 2 ironworkers manage to flip a Snorkel lift over. They had it fully extended so when it went over, it slammed them down in the middle of the street HARD. Killed them both. It was really an eye opener. A lot of people bitch about how much we make working construction. They don't realize that we have potential death all around us every day. Not to mention the conditions we work in.

Anyways, I hate it. That's why I have spent so much time in these forums the last year or so. All the pieces are starting to fit together now. Thank you Skunny, Bobokus, Trader X, Trader 365, Islander, ThomKnight, FXCompass, Scotty B, MisterDaz and everyone else that I can't think of right now. Hopefully I can make a living at this someday, and my little girl won't have to worry about Daddy not coming home from work.

Ok I'm done.

BarTstop <--------With a T!

#5,176
Jan 7, 2010 6:13pm Jan 7, 2010 6:13pm

Misterdaz
Joined Jul 2009 | Status: symbol | 1,549 Posts

Quoting Checkz

Disliked

When you say down day do you mean on a down candle. In my chart is this the way my Fibs should be drawn with the zero at the bottom? Oh yeah and I left the .382 and .618 line on purpose since FxCompass uses the .236 & .764 line for reversal trades!!!

Ignored

You got it.

Goodnight all.

Keep smiling