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Indicator Free Trading - Skunny

  • #6,281
  • Mar 30, 2010 6:05am Mar 30, 2010 6:05am
Compass, once I see what I am looking for I take the zero break, I will go in earlier if a smaller fib setups up sooner and I take the zero on that. I use a stop at the innner 38 at the moment so my risk is 50/50, I do not use the 100, one mistake and you wipe out 3 good trades, I've done it!

To all of you, I have spent many hours looking at Thom's charts and found my own way with this. I am not finished with testing this, I'm still developing the setups and where to use a stop. I know of a couple of setups that already work for me. I will never ever claim I can trade 100% that's not the point of this. I look for the nearest target and go for that.

MD.
Keep smiling
  • #6,282
  • Mar 30, 2010 8:19am Mar 30, 2010 8:19am
Quoting speedarad
I don't want to get in an argument with you (or anyone else) but I wish you could put the Skunny affair behind you and focused more on trading.
I sent u a PM so I do not distract others with the Skunny BS, as u requested

Good Trading
  • #6,283
  • Mar 30, 2010 10:32am Mar 30, 2010 10:32am
Hey Skong and Misterdaz I sent you a pm and I meant to put the 50% but sometimes it gives me an entry at the 61.8. The pic I provided shows an entry at thr 50. Now if we can put this together it will equal a lot of pips
  • #6,284
  • Mar 30, 2010 12:12pm Mar 30, 2010 12:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: Rodneys Chart.JPG Size: 112 KB
  • #6,285
  • Mar 30, 2010 3:41pm Mar 30, 2010 3:41pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbp300310.JPG Size: 81 KB
Keep smiling
  • #6,286
  • Edited 5:17pm Mar 30, 2010 3:53pm | Edited 5:17pm
Quoting Checkz
You got your fibs on swings?

Edit: Hey, I just looked at Kiromano's chart again.....
Keep smiling
  • #6,287
  • Edited Mar 31, 2010 1:11am Mar 30, 2010 5:24pm | Edited Mar 31, 2010 1:11am
Here's a chart of your smallest fib one day on. I think Checkz already spotted this. I don't see any inner fib respect, still maybe this does not matter or maybe this fib is just luck it hit both ends (almost ). Hmm.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd300310.JPG Size: 97 KB


MD.

Edit: I was wrong about the inner respect.
Keep smiling
  • #6,288
  • Mar 30, 2010 5:32pm Mar 30, 2010 5:32pm
Would you move the fib onto here Kiromano?

Edit: On second thoughts there is an earlier support which will still give us an incomplete fib. This chart isn't at this point yet.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd300310b.JPG Size: 75 KB


MD.
Keep smiling
  • #6,289
  • Mar 30, 2010 8:00pm Mar 30, 2010 8:00pm
Quoting Misterdaz
You got your fibs on swings?

Edit: Hey, I just looked at Kiromano's chart again.....
Yes here my next trade setup on the Gbp/Usd. I hoping it goes up!
Attached Image (click to enlarge)
Click to Enlarge Name: Rodneys Chart.JPG Size: 116 KB
  • #6,290
  • Mar 30, 2010 10:59pm Mar 30, 2010 10:59pm
Will we get a repeat on the GBP again today?
We have bounces and respect off the pivot and 38
...and the upper 138 is floating today.
Attached Image
  • #6,291
  • Mar 31, 2010 3:00am Mar 31, 2010 3:00am
I take a look at the EURUSD.

There's a floating 138 down there, and the pivot is perfectly placed on the 61. In addition, there's a break of the 0, meaning that if the 61 gets tapped the 0 gets broken today, it's all downhill for the EURUSD I think....

we'll see what happens anyway....
Attached Image
  • #6,292
  • Mar 31, 2010 3:45am Mar 31, 2010 3:45am
I drew this on cable. This is not TK stuff but experimental.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd310310.png Size: 13 KB


Cheers MD.
Keep smiling
  • #6,293
  • Mar 31, 2010 3:52am Mar 31, 2010 3:52am
Interesting MD.

I wonder how high the price goes now though. Will it hit your 138 or my 138 (or both?)

I got my entry to the GBPUSD trade perfect. It was nice to watch the price velocity whip through my entry level once it finished consolidating there. Nice to see that me and a lot of other people with big accounts had the same idea. It's nice to be right
  • #6,294
  • Mar 31, 2010 4:01am Mar 31, 2010 4:01am
I can't see you whole chart mate. The only large things I have are 1. a wife and 2. an overdraft.

MD.
Keep smiling
  • #6,295
  • Edited 4:31am Mar 31, 2010 4:21am | Edited 4:31am
My 138 is at 1.51840 (which was pulled from yesterday's candle)

What I find interesting about the set up is that there's lots of respect to the 38 and the daily pivot line... until that candle where the daily 50 gets hit... after that, the fibs are no longer respected anymore, until they yet again line up. After that, the trade goes on as I planned.

The interesting thing is that the candle where the 50 is violated seems to be your signal for something to fib from.
Now I'm curious.... if the violated fib was actually a call to readjust the fib for the 138.2 take profit.
So far my 138 has not been hit, but your fib 138 has already been hit, MD....
Attached Image
  • #6,296
  • Mar 31, 2010 4:27am Mar 31, 2010 4:27am
Quoting Naynay
My 138 is at 1.51840 (which was pulled from yesterday's candle)
Ahhh, you been pulling them on the dailys then?

MD.
Keep smiling
  • #6,297
  • Mar 31, 2010 5:10am Mar 31, 2010 5:10am
Quoting Naynay
My 138 is at 1.51840 (which was pulled from yesterday's candle)

What I find interesting about the set up is that there's lots of respect to the 38 and the daily pivot line... until that candle where the daily 50 gets hit... after that, the fibs are no longer respected anymore, until they yet again line up. After that, the trade goes on as I planned.

The interesting thing is that the candle where the 50 is violated seems to be your signal for something to fib from.
Now I'm curious.... if the violated fib was actually a call to readjust the fib...
First of all we may have slightly different data due to timezones. I did not pull my fib on yesterdays candle so our fibs will be slightly different. My 138 has not been hit, I'm interested to see if it will be though. The 50 on my fib was respected perfectly which pricked up my interest for eying the break at 1.5126. Also you may notice I have a larger fib on there which held back price at first contact. All food for thought. Again, these are not my usual TK type fibs. These are experimental and seeded by ideas from Kiromano.

I haven't binned the TK stuff, that's all good and I'm hoping will make even more sense after examining this stuff.

MD.
Keep smiling
  • #6,298
  • Mar 31, 2010 9:26am Mar 31, 2010 9:26am
Quoting Naynay
Interesting MD.

I wonder how high the price goes now though. Will it hit your 138 or my 138 (or both?)

I got my entry to the GBPUSD trade perfect. It was nice to watch the price velocity whip through my entry level once it finished consolidating there. Nice to see that me and a lot of other people with big accounts had the same idea. It's nice to be right
It hit both if you allow 3 pts for mine.

MD.
Keep smiling
  • #6,299
  • Mar 31, 2010 11:23am Mar 31, 2010 11:23am
Attached Image (click to enlarge)
Click to Enlarge Name: Rodneys Chart.JPG Size: 139 KB
  • #6,300
  • Mar 31, 2010 11:48am Mar 31, 2010 11:48am
Quoting Checkz
I had the same fib as your red one. Ineresting.

MD.
Keep smiling
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