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Indicator Free Trading - Skunny

  • #6,581
  • Apr 22, 2010 5:13pm Apr 22, 2010 5:13pm
Well Thom I dont know, that is my question. The reason I ask is there is an earlier post of yours where you mention types of fibbing. There's 61.8 which I feel I have some idea of, swing fibbing again some idea but I have not gone down that route and you also mentioned 138 fibbing. I'll dig the post out for you at some point unless Skong can point it straight out to me.

To me at the the moment the 138 is 1. a target and 2. a signal to move my fib if it gets broken. I know of no other way of using it.

Does that make sense?

MD.
Keep smiling
  • #6,582
  • Apr 22, 2010 5:14pm Apr 22, 2010 5:14pm
Quoting ThomKnight
always... 138 fibbing? you mean using the tp as the starting point for the fib?

TK
I think I just clicked what you mean.

MD.
Keep smiling
  • #6,583
  • Apr 22, 2010 5:25pm Apr 22, 2010 5:25pm
Quoting bartstop
I was waiting until the break of the blue fib. Am I missing a smaller one?
I think I just answered my own question.

When I saw the 138 on the bottom side get taken out, I moved the fib. Now that I put it back in this position I see we got some respect today.



Bartstop
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  • #6,584
  • Apr 22, 2010 5:48pm Apr 22, 2010 5:48pm
Looks like EUR may have a ways to drop.

EDIT: Changed photo. I think this one is a little more accurate.
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  • #6,585
  • Apr 22, 2010 5:50pm Apr 22, 2010 5:50pm
Quoting ThomKnight
Any of you gents hopping on the northbound GY express?

TK
Where to Thom, 165?
Keep smiling
  • #6,586
  • Apr 22, 2010 5:58pm Apr 22, 2010 5:58pm
Quoting bartstop
Looks like EUR may have a ways to drop.

EDIT: Changed photo. I think this one is a little more accurate.
What you have drawn was what I thought Thom could have meant. Whats the instrument you have on the chart, I must admit I am lost on that.

MD.
Keep smiling
  • #6,587
  • Apr 22, 2010 6:00pm Apr 22, 2010 6:00pm
Looks like it's the Bart and MD show atm. I think I'll go and watch the rest of Westworld.

MD.
Keep smiling
  • #6,588
  • Apr 22, 2010 6:58pm Apr 22, 2010 6:58pm
Posting this for future reference. If we move higher than 92 we most likely will havenothing more to discuss on this chart.
K.I.S.S.
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  • #6,589
  • Apr 22, 2010 7:19pm Apr 22, 2010 7:19pm
Possible short emerging on NZDUSD.

K.I.S.S.
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  • #6,590
  • Apr 22, 2010 9:57pm Apr 22, 2010 9:57pm
Hello everybody Ive been busy with my job but here's my version of a 15 minute Eur/Usd trade I am selling to the 1.382 fib ext. Im also using the cloud for my trend direction and S/R. Waiting to see what happens.
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  • #6,591
  • Edited Apr 23, 2010 1:14am Apr 22, 2010 10:34pm | Edited Apr 23, 2010 1:14am
ThomKnight is back,
cool!

Anyway, I have been investigating inner-fibs. I keep seeing the same pattern over and over again, I have a few ideas how to potentially trade from them.

Looking at this on a GBPUSD 5 minute chart...
Still toying with ideas and watching price.....
No idea about how to correctly place entries and exits however....
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  • #6,592
  • Apr 22, 2010 11:47pm Apr 22, 2010 11:47pm
Quoting Misterdaz
Ok, I am bullish Aud, your economy has fared the best of all the Anglo Countries. I must admit I have not noticed the disconection of late but today there was a major risk off event going on over Greece, their bond yield spreads were widening rapidly and the usd was being sought certainly against the eur as you would expect.

I think the Aud got dragged down, today anyway, in that crap.

How you doing anyway?
Good MD and you ?

If you want the sheep back, will you be making some of your special lamb with chicken drumsticks ?

Do you want me to bring the beers over ?

Cheers ....
  • #6,593
  • Apr 23, 2010 1:28am Apr 23, 2010 1:28am
Quoting FX Compass
Good MD and you ?

If you want the sheep back, will you be making some of your special lamb with chicken drumsticks ?

Do you want me to bring the beers over ?

Cheers ....
There's always lamb on the table for you at my house mate. My lawn needs sorting out though.

MD.
Keep smiling
  • #6,594
  • Apr 23, 2010 1:41am Apr 23, 2010 1:41am
Looks like I had my fib in the right place.
I just REALLY didn't expect price to make the moves it did!

It did end up where I though it would have though.
I think there's something to learn in all this,... but I'm not sure what quite yet.....

Just having my fib in the right place doesn't mean I can read the direction of price...
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  • #6,595
  • Apr 23, 2010 4:33am Apr 23, 2010 4:33am
Ok Guys, just took 20 pips long from 9200 on good start in Europe, could have been 30. "Any profit is a good profit."

Where to from here? Will Greece spoil the party or will we head back towards 9300 into the start of the US sesion? What are we seeing on the Charts?

I lay in wait to get long or short depending on Greek news!
  • #6,596
  • Apr 23, 2010 5:23am Apr 23, 2010 5:23am
Hey Checkz, working hard? I'm not sure how well the Heiken Ashi candles are gonna work with the fibs..... You certainly wont be able to compare to other charts if you want to.


MD.
Keep smiling
  • #6,597
  • Apr 23, 2010 5:30am Apr 23, 2010 5:30am
I think we are still in a sell mode because price failed to breakthrough the cloud but we have to wait and see afterall it is Friday!!!
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  • #6,598
  • Apr 23, 2010 5:36am Apr 23, 2010 5:36am
Quoting Misterdaz
Hey Checkz, working hard? I'm not sure how well the Heiken Ashi candles are gonna work with the fibs..... You certainly wont be able to compare to other charts if you want to.


MD.
Yeah I was working hard but im off for the next few days. The Heiken Ashi candles and Cloud just help me trade a little better but I watch the trade on a clean chart as well. Afterall Im still trying to make sure I fully undersand this TK method everybody is using.
  • #6,599
  • Apr 23, 2010 7:21am Apr 23, 2010 7:21am
Here is my clean chart and you maybe right concerning the HA candles. I didn't pay attention to the fact that they had a slower reaction to price than the regular candlesticks. Thanks for the advice!
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  • #6,600
  • Apr 23, 2010 7:24am Apr 23, 2010 7:24am
BarTstop. I googled the Corvette, like the one in Star Trek. I think that's the same car in True Lies. It's a beautiful machine, I think I prefer it to the Mustang now.

Brmm brrrrmmmmm.
Keep smiling
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