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Indicator Free Trading - Skunny

  • #5,621
  • Jan 19, 2010 5:55pm Jan 19, 2010 5:55pm
Quoting Misterdaz
Mines go more hair than yours.
Yea but I bet mine is meaner.
  • #5,622
  • Jan 19, 2010 5:56pm Jan 19, 2010 5:56pm
Quoting Checkz
Well is my fibs right or wrong?
Tricky these ones aren't they. For me the fib closed as an up candle so I would pull bottom to top. 100 at bottom, 0 at top.

Night.
Keep smiling
  • #5,623
  • Jan 19, 2010 5:58pm Jan 19, 2010 5:58pm
I wouldn't sh@g your one!
Keep smiling
  • #5,624
  • Jan 19, 2010 6:01pm Jan 19, 2010 6:01pm
Quoting Misterdaz
I wouldn't sh@g your one!
I keep forgetting that you're on the other side of the pond. Do you even know who that is? I don't know if you guys have HBO?
  • #5,625
  • Jan 19, 2010 6:04pm Jan 19, 2010 6:04pm
He's the guy in the Sopranos. The guy in my picture is our prime minister.
Keep smiling
  • #5,626
  • Jan 19, 2010 6:06pm Jan 19, 2010 6:06pm
Quoting Misterdaz
Tricky these ones aren't they. For me the fib closed as an up candle so I would pull bottom to top. 100 at bottom, 0 at top.

Night.
  • #5,627
  • Jan 19, 2010 8:29pm Jan 19, 2010 8:29pm
I'm noticing that many times when the price breaks the 100 line and reverses that it hit's both the 1.382 and the 1.618. Is this really something that occurs often or am I just daydreaming again. Looks like it may happen again at the close of yesterdays candle I fibbed on GBP/USD daily chart.
  • #5,628
  • Jan 19, 2010 9:05pm Jan 19, 2010 9:05pm
Quoting Checkz
I'm noticing that many times when the price breaks the 100 line and reverses that it hit's both the 1.382 and the 1.618. Is this really something that occurs often or am I just daydreaming again. Looks like it may happen again at the close of yesterdays candle I fibbed on GBP/USD daily chart.
Buyers are putting up one hell of a fight. Looks like it's going to pull back a bit. 23? 38?


Bartstop
  • #5,629
  • Jan 19, 2010 9:12pm Jan 19, 2010 9:12pm
We had some pretty good buy signals earlier, as per TK's method. I was suprised to see this drop. I won't be shocked if we end up hitting 138 on the long side. I got stopped out but my stops were pretty tight.


Bartstop


EDIT: Not to mention we're in a pretty good uptrend already. But if it goes south, I'm going to catch some pips.
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  • #5,630
  • Jan 19, 2010 10:03pm Jan 19, 2010 10:03pm
Quoting FX Compass
I have target hit at -161.8 it should be headed back up now.
Look at Daily lol
  • #5,631
  • Jan 20, 2010 12:02am Jan 20, 2010 12:02am
Just got a 100 line break downward. Looking forward to seeing where it will stop!!!!
  • #5,632
  • Jan 20, 2010 2:08am Jan 20, 2010 2:08am
1.382 fib ext just got hit
  • #5,633
  • Jan 20, 2010 3:53am Jan 20, 2010 3:53am
Took a short at 1.6312 this morning, took profit at 1.6282. That's 6 out of 6 for me! Since 17/01/10.

MD.
Keep smiling
  • #5,634
  • Jan 20, 2010 5:30am Jan 20, 2010 5:30am
A little cheat sheet showing where the EURUSD went today (Daily chart).

Smacked into both the fib extensions on the way down.
Note the fib confluence between the fib levels and the standard Support/Resistance lines from the previous days candle.

If that set up doesn't tell me where the price *could* have decided to go today, I'll eat my own hat.
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  • #5,635
  • Jan 20, 2010 5:40am Jan 20, 2010 5:40am
Quoting Misterdaz
Took a short at 1.6312 this morning, took profit at 1.6282. That's 6 out of 6 for me! Since 17/01/10.

MD.
Like Skunny said ,100% ha.
Lol

  • #5,636
  • Jan 20, 2010 6:43am Jan 20, 2010 6:43am
I wonder if it will make it to the 1.618 fib ext. I made 99 pips on this trade.
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  • #5,637
  • Jan 20, 2010 6:54am Jan 20, 2010 6:54am
Quoting speedarad
Like Skunny said ,100% ha.
Lol

I won't get carried away about Skunny quotes just yet, I'll leave him for the flamers but I can say I have been trading better than I ever have since reading this thread.

I've got a couple of things to put to Thom later, in a purely inquisitive way of course.

I'll try and post some charts later of the trades I have taken today and my reasoning behind them. Currently short eurgbp at .8706, only targeting 20 pips and just missed it by a pip. Maybe I should have taken it for 7 out of 7, will have to see how that pans out.

MD.
Keep smiling
  • #5,638
  • Jan 20, 2010 6:57am Jan 20, 2010 6:57am
Hello guys,
I´ve been reading this thread for a while and I´m quite impressed how accurate the levels are, together with the simplicity makes this system a powerful tool in my box. I´ll like to thank you all for your thoughts, explanations and charts it helps a lot. I´m using this system on the EUR but I´m thinking to test it on the GPB as you do, I´m still not so comfortable with the Cable it´s a little too "nervous" for me..I´ll be reading here and maybe post some setups so you guys can comment about it if you like, I´ll be glad if you do it.
Good Trading for you all.
Red.
  • #5,639
  • Jan 20, 2010 6:58am Jan 20, 2010 6:58am
Quoting Checkz
I wonder if it will make it to the 1.618 fib ext. I made 99 pips on this trade.
you must be a happy man. Has your trading improved of late?

MD.
Keep smiling
  • #5,640
  • Jan 20, 2010 7:04am Jan 20, 2010 7:04am
You are very welcome here, and so are your charts. It' good to see a fellow European on the thread, I seem to be outnumbered by yanks and Aussies.

MD
Keep smiling
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