Indicator Free Trading - Skunny

This should shift those scrollbars!



MD.

You don't think price could get rejected before it gets to your -38.2 ? I'd be wary of the fast fall from the high on Friday and be cautious that it could happen again.

I would have waited for the break, it didn't happen.

Not the best day to trade anyway.

Every time you talk to me I keep getting this vision that I'm talking to a guy with a muffled voice like a bike messenger. It's that helmet.

MD.

Sorry about that, my Photoshop skills aren't quite good enough to take it off . . . otherwise I would oblige

http://www.f1album.com/albums/simon/...1-D2X-207c.jpg

Would Batman reveal his identity?

Something to think about.

Made 132.7 pips in profit on today!

This candle will be the next one I will draw fibs on because I think that It will be one holding alot of interesting info.

Evening mate. What have you done to your candlesticks? Have you turned the bars black?

The candlesticks blew up along with the flux capacitor.......at 88 MPH.

You make me laugh.

I put this GBP YEN long on yesterday @ 141.28. I put the stop at the 38.2, it got hairy for a time. All's well today. 61.8 - pierce's - pullback to 38.2 then enter on next pierce. Had to wait for this one, some go straight to target.



MD.

Just been watching a documentary about Skippy, remember that? There was this Emu in it which was a bit hard to control so they used to give it whiskey before filming. When it was time for his scene they brought him on in a wheelbarrow and took the shot. The animal rights mob would have a field day if that happened now. You crazy Aussies.

MD.

I think Skippy was a Kangaroo, but the whiskey seems a great idea.

Skippy (all 14 of them) was the main star but there was this emu in it as well. It's funny they used to bring the roo on set to run though a scene and it would get away into the bush, so they would just go and get another one out. Whisky has many uses, I'm using some now to oil my throat!

MD.

Loss 23.1 pips yesterday on a 1 hour chart trade. I learned that it's very important to know your daily range when trading hourly.

Hi all. I've been experimenting a bit and trading reactively to what's happening on the charts. No fibs, no pivots, just a 50EMA to show me the trend. I'm happy to say that it's working pretty well so far. My 1500 dollar demo account is up to 2380 in just over 24 hours. Maybe a fluke, maybe luck, but maybe not. I'm finding out what one of my major weak spots is and I thought I'd share it with anyone who's interested. I look for 1-2-3 patterns and trade the breaks. Basic stuff, I know. It happens all day every day and in all pairs. My problem is knowing when to say when. I'm shorting the EUR/USD right now and was over $200 profit. Should have been satisfied with that, but I saw a pretty promising pattern setting up on the USD/CHF, so I opened a long position there. Profit dropped some but I was still OK. Until I opened a long on the USD/CAD. Now it's got me $100 in the hole, and although the EUR is still doing fine, my net profit is now 13 bucks! I really need to learn to discipline myself and be satisfied with one trade at a time. Maybe when I open a trade, I should just get all the other charts off of my screen. The more I look around, the more opportunities I see, and I'm compelled to get 2, 3, or sometimes even 4 trades goin at the same time. I've decided that is an account-killer! I can call it psychology to make it sound less harsh, but we all know it's plain old greed. Does anyone else have a hard time not pulling the trigger? It can't just be me! Right now the EUR is saving me and my net profit is back at 224. Never again will I have 3 trades goin at once! Thanks for listening!

ed

How's it goin buddy? Haven't talked to you in a while.

It's ok to put more than one trade on at once, just pare back your lot size so you are not risking too much of your account in one hit.

The effilang thread I mentioned is a basic 1 2 3 setup. I like it. I took a trade on usd cad yesterday off the same setup. I've been going for quick trades off 15 min charts. Took profit on half for 20 pips and ran the rest with a 20 pip trailing stop. That stopped out for 10 pip profit in the end but always worth trying incase price runs. 1 2 3 setups are great especilally in a trend, once the trend turns you will be stopped out but by then hopefully you have made enough winners to cover it.

MD.

EDIT: I've had to edit this on my pc after posting on my Iphone. The damn thing adds in words I didn't type.