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Indicator Free Trading - Skunny

  • #6,421
  • Apr 14, 2010 9:38am Apr 14, 2010 9:38am
Quoting KissFan
Yeah bro! That would have been a good investment for me. Here is a 15 min chart on GU. Let's see how she plays. I think that it is important to note that I am taking this trade with the higher TF trend.

K.I.S.S.
Demo trade complete for profit.

K.I.S.S.
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  • #6,422
  • Apr 14, 2010 9:57am Apr 14, 2010 9:57am
Quoting KissFan
Demo trade complete for profit.

K.I.S.S.
Nice. I like it. Very aggressive. I'll be looking in to that.
  • #6,423
  • Apr 14, 2010 10:37am Apr 14, 2010 10:37am
SL hit for +20 pips. Bernanke must have said something. Thanks MD for the heads up.



Bartstop
  • #6,424
  • Apr 14, 2010 10:49am Apr 14, 2010 10:49am
Quoting bartstop
SL hit for +20 pips. Bernanke must have said something. Thanks MD for the heads up.



Bartstop
I can't figure out what caused the yens to get clobbered. SL was not hit on GJ tho. We will see. Not sure Id have the cajones to still be in this one if I were trading it live.

K.I.S.S.
  • #6,425
  • Apr 14, 2010 11:07am Apr 14, 2010 11:07am
Quoting KissFan
I can't figure out what caused the yens to get clobbered. SL was not hit on GJ tho. We will see. Not sure Id have the cajones to still be in this one if I were trading it live.

K.I.S.S.
I think it was the Dollar that made the move. When it moves, everything moves. MisterDaz sent me an email warning about Bernanke testifing in front of congress. I'm sure he hinted at raising interest rates or something.

This reinforces my theory about getting in, grabbing a few pips (20 - 30) and getting back out. The longer you have your account exposed to the market, the higher the chance of something like this happening.

You'll notice that my longer range fibs are dashed lines and my small white fib has solid lines. My thinking was to use the larger fibs for reference only and don't trade from them. I did today and look what happened. I always have to learn the hard way.

The next question is, where is it going from here? I say we watch PA for a hint and see if we can find a fib to confirm.

Bartstop
  • #6,426
  • Apr 14, 2010 4:59pm Apr 14, 2010 4:59pm
Expecting the upper 1.382 or 1.618 to get hit then retrace but who knows what will happen!
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  • #6,427
  • Apr 14, 2010 9:33pm Apr 14, 2010 9:33pm
Quoting KissFan
...and 15min GJ.

Higher TF's are my preference but I am trying to gain confidence on all TF's.

K.I.S.S.
This one hit the extension before stopping out at opposite side. Just dunno if I would have held it for that kind of drawdown (approx 55pips). So I will take this into consideration on the MM side and try to figure out how I will manage risk and what rules will be for entry. Would anyone here be willing to guess how many of these ith trend go to profit target? I just thought I'd ask. I will be testing the 15 min charts almost exclusivly starting off. I'll start with this year and work my way back. Anyone recommend a certain pair over another and why?

K.I.S.S.
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  • #6,428
  • Apr 14, 2010 9:34pm Apr 14, 2010 9:34pm
Quoting bartstop
I think it was the Dollar that made the move. When it moves, everything moves. MisterDaz sent me an email warning about Bernanke testifing in front of congress. I'm sure he hinted at raising interest rates or something.

This reinforces my theory about getting in, grabbing a few pips (20 - 30) and getting back out. The longer you have your account exposed to the market, the higher the chance of something like this happening.

You'll notice that my longer range fibs are dashed lines and my small white fib has solid lines. My thinking was to use...
Thanks for your response. I am looking over the daily closes for some bias now. Ill post some demos as they materialize.

K.I.S.S.
  • #6,429
  • Apr 14, 2010 11:25pm Apr 14, 2010 11:25pm
Quoting bartstop
Lots of sell orders at 144.55, but this is the 3rd break of the 0 line. I think this fib will complete today.


Bartstop
Sure enough. The fib completed. Too bad I pussed out.



Bartstop
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  • #6,430
  • Apr 15, 2010 1:30am Apr 15, 2010 1:30am
Quoting KissFan
This one hit the extension before stopping out at opposite side....
In answer to you question GY. It seems to be the favourite with those in the know. It's probably because it moves fast and gets you to target (or loss) very quickly unless your name is BarTstop of course.

How long have you been watching this thread? I take it Thom's stuff takes your fancy. How many setups do you know of?

MD.
Keep smiling
  • #6,431
  • Apr 15, 2010 2:16am Apr 15, 2010 2:16am
Saw this pin (yellow circle) and then mapped out the support/resistance fibs.
Turns out it bounced off confluent inner fibs, and then once it broke down past the 0, I made an entry and nice exit.
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  • #6,432
  • Apr 15, 2010 5:31am Apr 15, 2010 5:31am
Quoting Misterdaz
In answer to you question GY. It seems to be the favourite with those in the know. It's probably because it moves fast and gets you to target (or loss) very quickly unless your name is BarTstop of course.

How long have you been watching this thread? I take it Thom's stuff takes your fancy. How many setups do you know of?

MD.
I started reading it about 8 or 10 wks ago. Are you asking how many fib set ups do I know of?

K.I.S.S.
  • #6,433
  • Edited 6:19am Apr 15, 2010 6:07am | Edited 6:19am
Watching this for short. However, I have spotted valid set ups on the daily and 4hr TF's that havent played out yet and would play out for longs. This is interesting to me. I do realize though that opposing cycles on different TF's can all be valid.

K.I.S.S.
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  • #6,434
  • Apr 15, 2010 6:16am Apr 15, 2010 6:16am
Quoting bartstop
Sure enough. The fib completed. Too bad I pussed out.



Bartstop
I am starting to think that some rules based plan that accomodates scaling into a full position would be the best way to manage the risk on these trades for me. This would mean that I do not always go to profit with a full position but would give me the mental staying power for those trades like yesterday's GJ that whipped around somewhat but ended up being a good trade.

K.I.S.S.
  • #6,435
  • Apr 15, 2010 6:34am Apr 15, 2010 6:34am
Misterdaz is a chronic nose picker.
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  • #6,436
  • Apr 15, 2010 6:45am Apr 15, 2010 6:45am
Quoting bartstop
Misterdaz is a chronic nose picker.
Nice work Bartstop. No doubt in my mind that we are going higher here. I am watching for a possible 15 min in the opposite direction now. Ill post if it becomes a valid set-up. There is a valid set up on EuroJPY on daily for long as well.

K.I.S.S.
  • #6,437
  • Apr 15, 2010 6:51am Apr 15, 2010 6:51am
Quoting KissFan
Nice work Bartstop. No doubt in my mind that we are going higher here. I am watching for a possible 15 min in the opposite direction now. Ill post if it becomes a valid set-up. There is a valid set up on EuroJPY on daily for long as well.

K.I.S.S.
hey rodger
keep up ur good work.
ej 4 hour chart.
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  • #6,438
  • Apr 15, 2010 7:02am Apr 15, 2010 7:02am
Quoting trade price
hey rodger
keep up ur good work.
ej 4 hour chart.
Thx Trade price! Hey that EJ daily projects out to 129.38 and I have many other signs that have been pointing there for a couple of weeks. As I test, I'd like to see that I can bank USD both ways. That 4 hr PPZ is duly noted bro and I think that we very well could be headed down to test the daily PPZ which I can see at about 125.15 area and coincides with one of my fav MA's the 40. Then a move back up is in the cards IMHO. I cant get abead on a convincing short fib play right now so im on the side but GJ is flirting with a short 15 min set up as we speak.

K.I.S.S.
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  • #6,439
  • Apr 15, 2010 7:26am Apr 15, 2010 7:26am
Quoting KissFan
Thx Trade price! Hey that EJ daily projects out to 129.38 and I have many other signs that have been pointing there for a couple of weeks. As I test, I'd like to see that I can bank USD both ways. That 4 hr PPZ is duly noted bro and I think that we very well could be headed down to test the daily PPZ which I can see at about 125.15 area and coincides with one of my fav MA's the 40. Then a move back up is in the cards IMHO. I cant get abead on a convincing short fib play right now so im on the side but GJ is flirting with a short 15 min set up...
my view right now for GJ and U/CHF.
old stuff from me.supply and demand.

i am off now see u next time.
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  • #6,440
  • Apr 15, 2010 10:13am Apr 15, 2010 10:13am
Man this was a pretty good scalp on the Eur/Usd 15 minute chart this morning. Im off to bed!
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