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Indicator Free Trading - Skunny

  • #5,601
  • Jan 19, 2010 1:39pm Jan 19, 2010 1:39pm
Quoting jaybird151
100%

to the pip

skunny says

never fails

skunny once said..........


my ass

lol

trade fibs was a bigger joke than this thread is
It's a powerful potion though Jay..It's high can last for years..Thats how long it will take a lot of these guys to realize it. Hopefully nobody puts their hard earned money on the line for it.
  • #5,602
  • Jan 19, 2010 1:52pm Jan 19, 2010 1:52pm
Quoting Scotty B
It's a powerful potion though Jay..It's high can last for years..Thats how long it will take a lot of these guys to realize it. Hopefully nobody puts their hard earned money on the line for it.
So what do you suggest we use? I asked you a few days back to start your own thread. Have you considered it? I think we're all open to new ideas. What do you think?


Bartstop
  • #5,603
  • Jan 19, 2010 1:57pm Jan 19, 2010 1:57pm
Quoting Scotty B
It's a powerful potion though Jay..It's high can last for years..Thats how long it will take a lot of these guys to realize it. Hopefully nobody puts their hard earned money on the line for it.

i hear ya

i have seen fxcompass and some other posters doing some stuff with it that makes some sense. But to do what skunky taught is just suicidal. He himself couldn't trade what he was "teaching", hell he was trying to get trader365 to "teach" him. why on earth would a trader that "traded at 100%" want anything from anyone else?



its laughable
  • #5,604
  • Jan 19, 2010 2:41pm Jan 19, 2010 2:41pm
Is the attached chart a valid fib setup using TK method?

The fib low is some distance from the bottom of the swing, and the
61.8% & 50% fib respect was before the swing high actually happened, but there was good support on the inner fibs & touched the 138% ext. to the pip but not sure if valid or just curve fitting after the fact?

HR
Attached Image (click to enlarge)
Click to Enlarge Name: GU_190110.gif Size: 25 KB
  • #5,605
  • Jan 19, 2010 3:01pm Jan 19, 2010 3:01pm
High roller ...no that is curve fitting unless there is some way you could trade that beforehand. It might be and I just never perused it. to the pip hits mean nothing to me... unless they happen to happen.

This is very odd...I can trade Skunny fibs...it really is not that hard after i wrapped my mind around it. It took a couple years but still.

Tk
  • #5,606
  • Jan 19, 2010 3:09pm Jan 19, 2010 3:09pm
Quoting highroller
Is the attached chart a valid fib setup using TK method?

The fib low is some distance from the bottom of the swing, and the
61.8% & 50% fib respect was before the swing high actually happened, but there was good support on the inner fibs & touched the 138% ext. to the pip but not sure if valid or just curve fitting after the fact?

HR
HR, I'm a bit hesitant to post this as I seem to be making the odd wrong assumption but as I see it, looking for longs you would have pulled you fib up and back off a low point in the chart looking for inner respect on the right hand side off the fib. The bottom of the fib would not be floating in mid air.

MD.
Keep smiling
  • #5,607
  • Jan 19, 2010 3:12pm Jan 19, 2010 3:12pm
Quoting bartstop
So what do you suggest we use? I asked you a few days back to start your own thread. Have you considered it? I think we're all open to new ideas. What do you think?


Bartstop
If Skunny fibs are not for you and you want something that is fantastic and very simple and common sensical is what I ahve seen of clockwork or j16.

It is a little more on the loose side then something i used to trade but it WILL make you wealthy. I prefer breakouts over pinbars due to being able to have tighter stops , but the principle stands. Class acts both thread from what I saw. Better (and easier oddly enough) then anything on the site other then this of course.


TK
  • #5,608
  • Jan 19, 2010 3:29pm Jan 19, 2010 3:29pm

Thom, I'm always open to new ideas. I never said yours or Skunnys or Comapass's methods didn't work for me. I'm not far enough in to my studies to make an absolute statement like that.

I just don't understand why Scotty keeps coming back to this thread to spread his negativity. I have asked repeatedly for him to show us what he thinks is the best way to trade. So far, nothing. Only negativity. If the naysayers have nothing to contribute to this thread, then go away. If fibs aren't for you, then find something else.

Some of us are here to learn from successful fib traders. Just because you couldn't trade it successfully doesn't mean it's crap. The trades I have lost were because of my own stupidity, impatients or lack of discipline. Not because the fibs were crap. I am learning from my mistakes.

Scotty, you have gotten your point across. You don't like fibs. Fine. Go make your millions. Share your ideas IN YOUR OWN THREAD. Please stop disrupting this one. Thank you.


Bartstop
  • #5,609
  • Edited 3:38pm Jan 19, 2010 3:37pm | Edited 3:38pm
Barstop,
Thank you for saying what needed to be said. This thread has revolutionized my trading, and it should continue for those who want to use fibs in an unorthodox but effective way. All critics should either be constructive in their contributions or go elsewhere.
  • #5,610
  • Jan 19, 2010 3:49pm Jan 19, 2010 3:49pm
Quoting snaveman
Barstop,
Thank you for saying what needed to be said. This thread has revolutionized my trading, and it should continue for those who want to use fibs in an unorthodox but effective way. All critics should either be constructive in their contributions or go elsewhere.
SNAKEMAN, thanks for screwing up my name.

I noticed you haven't posted much. Don't be afraid to ask questions. I will help with what I can. We've got some pretty smart guys watching over our shoulders so if I lead you in the wrong direction (which is very possible) they are usually pretty quick to correct me.

BarTstop
  • #5,611
  • Jan 19, 2010 3:56pm Jan 19, 2010 3:56pm
Bar T,
I saw it as soon as I posted and edited below - my bad
  • #5,612
  • Jan 19, 2010 3:57pm Jan 19, 2010 3:57pm
Quoting Misterdaz
HR, I'm a bit hesitant to post this as I seem to be making the odd wrong assumption but as I see it, looking for longs you would have pulled you fib up and back off a low point in the chart looking for inner respect on the right hand side off the fib. The bottom of the fib would not be floating in mid air.

MD.
thanks MD,
I pull the fib from the bottom when going long, but I then adjust it so the top of the fib zero line is anchorerd to the actual price swing high, then adjust the bottom to achieve inner fib level support.
When price is going long, it seems price respects previous swing highs so that is where I would be looking for a breakout to place a buy order.
and vice versa when going short price respects previous lows....
That is why the bottom of the fib was not anchored to the low when going long...does that make sense or is it complete rubbish?...
  • #5,613
  • Jan 19, 2010 4:01pm Jan 19, 2010 4:01pm
Quoting snaveman
Bar T,
I saw it as soon as I posted and edited below - my bad
It's cool. I was just jacking with you.

Bartstop
  • #5,614
  • Jan 19, 2010 4:10pm Jan 19, 2010 4:10pm
Do I have my fibs drawn right. I noticed that todays candle was green but the wave seem to be headed down so that's why I placed my zero line at the bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: New Chart.JPG Size: 59 KB
  • #5,615
  • Jan 19, 2010 4:34pm Jan 19, 2010 4:34pm
Quoting highroller
thanks MD,
I pull the fib from the bottom when going long, but I then adjust it so the top of the fib zero line is anchorerd to the actual price swing high, then adjust the bottom to achieve inner fib level support.
When price is going long, it seems price respects previous swing highs so that is where I would be looking for a breakout to place a buy order.
and vice versa when going short price respects previous lows....
That is why the bottom of the fib was not anchored to the low when going long...does that make sense or is it complete rubbish?......
I mean this in the politest possible way. Are you asking me a question or are you telling me how you do things?

MD.
Keep smiling
  • #5,616
  • Jan 19, 2010 4:41pm Jan 19, 2010 4:41pm
Quoting Checkz
Do I have my fibs drawn right. I noticed that todays candle was green but the wave seem to be headed down so that's why I placed my zero line at the bottom.
Checkz, the colour of the candle will be affected by the open and close of it, if it closes higher than the open then it is technically an up candle even though most of the price action could have been swinging down for the day.

If you are compass fibbing it probably doesn't matter which way up the fib is, it is symmetrical but it is nice to be technically correct.

MD.
Keep smiling
  • #5,617
  • Jan 19, 2010 4:47pm Jan 19, 2010 4:47pm
Chaps I got bored with my avatar, so I changed it.

MD.
Keep smiling
  • #5,618
  • Jan 19, 2010 5:07pm Jan 19, 2010 5:07pm
Quoting Misterdaz
Chaps I got bored with my avatar, so I changed it.

MD.
I'm suprised you haven't said something about mine.
  • #5,619
  • Jan 19, 2010 5:10pm Jan 19, 2010 5:10pm
Quoting Misterdaz
Checkz, the colour of the candle will be affected by the open and close of it, if it closes higher than the open then it is technically an up candle even though most of the price action could have been swinging down for the day.

If you are compass fibbing it probably doesn't matter which way up the fib is, it is symmetrical but it is nice to be technically correct.

MD.
Well is my fibs right or wrong?
  • #5,620
  • Jan 19, 2010 5:44pm Jan 19, 2010 5:44pm
Quoting bartstop
I'm suprised you haven't said something about mine.
Mines go more hair than yours.
Keep smiling
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