Indicator Free Trading - Skunny

naynay

I've been tempted to take that short since yesterday so i know where you're coming from especially on lower TF. I decided to pass for now andgo short on NZDUSD down to previous congestion areas of 6960. I feel that has a better chance of working out

Ahh.... the SMA50 showed the best entry fib (and stoploss fib) for geppy trading today.
Had I only used a live account...!!

138 pips could have been mine had I entered around the 38.2.
Stoploss at the upper 28.6 (effectively price clearing the SMA50 and signalling a trend reversal)
TP right down at the 138! (which has just been hit, after I took this screenshot!)

naynay

have to give it to you....good call, although I got a few pips as well and waiting for more

Looking at the AUDUSD today for fun.
Seems like we're taking the escalator down again...

I thought that a retrace to the 50 daily fib might happen given the location of the SMA50, but the daily pivot point is at the 61 (not seen on my attachment).
The US open will answer the ultimate question on which fiblevel entry is best to go short I think.... perhaps when the SMA50 enters the 50/61 fib space we will have an answer.

The EURUSD.
This time I went nuts and added a SMA, EMA, Smoothed, and linear weighted SMA for fun and profit.

The MAs all seem to be pointing me at the 61 and whispering "sell me at this level!"
1.3570 sits there, and it's a round number too.... so now's just a waitin' game

Daily Pin bar spotted. Cue to go down. Also noting that there's a 61.8 fib of the 2009 monthly move up sitting just below the 100. It was indicator pierced some time back, so we could be in for more drops.

I guess the 61.8 fib as a sellpoint is a failure. Getting it at the lower 76 fib is now priority. Could still be a pin bar to the 61, but there'll be heavy selling there if it ever was going to make up it there. I doubt it now. It's too late for that move I think...

Ahh... there we go! It wanted to grope the pivot after all. How about that?!

I have decided to take some time and study price action because I believe it will enhance Skunnys methods. I was going over my daily charts and discovered a nice sell entry coming up on the Gbp/Usd daily chart. I maybe wrong but we will see.

I'm at a bit of a loss as to why price hit the 38 retrace before sliding down.
If I had have taken at the 61.8 like I had originally planned, I would have been stopped out

Must be something I missed....

Looks like a sell signal is formimg on the Weekly Gbp/Jpy chart Im going to wait for a close on the daily chart that's below the sell line line before I enter.

If this candle closes below this line on the daily chart I will proably enter this trade.

I think I know why....
NEWS.

Also, after that initial pin to the 76, and hit to the 61,.... the price *Should* have gone down by that time in the trading session... but the reason it didn't was because the market was waiting for the news... hence the slow moving sideways market that took ages to go anywhere.

Eventually news hit and everybody jumped into the sell.

Why the 38 retrace? It was the flipside of past support.....

Hope you guys all made money on this one because I did.

368.6 Pips Profit!!!

This might sound dumb, but I could do with some help trying to find a particular chart.

Its a pair that everyone seems to refer to, but I just can't find it anywhere . . .

Its PIPSUSD anyone have one or know where I can get it ?

I noticed that about a month ago someone posted wanting to know where I was?! Have been busy with a personal life but I appreciate that someone did bother to ask! Thank you for that...and I want you to know I am always here , always watching..I'm just not big into posting! On a side note I hate to be one of those guys who says " I told you so"...but read my post # 4622 back in December! I hope some of you got those pips...I was alot! Haves great trading day everyone!

Hi chaps, cant go wrong buying usd at the moment, especially against GBP. Here's a little GBPYEN trade I have set an order for. Sell at the purple line, stop at 134.03 targeting 131.45.

It's starting to make sense and I'm settling on a trading style that seems to fit for me. It's just a demo and I opened it 2 days ago, but here it is for all to see!

Finally learning to master the art of trading with a next-to-zero stoploss
It's a great feeling!

Bouncing off yesterday's resistance (now being used as support)

Ooook, so that failed cause my stop was too tight. Haaaaaa
No harm done though, as there was no loss.

Anyway, it definitely seems to be the fibbed range where the best place to enter the trend is... (I think).
At least it worked like that last time I posted charts....

Let's see....