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Indicator Free Trading - Skunny

  • #6,621
  • Apr 26, 2010 3:24pm Apr 26, 2010 3:24pm
Quoting Checkz
FxCompass it's good to see you posting again. As you can see I have been experimenting with different ways to trade. What do you think about this trade setup!
Nearly finished the house move.

Looks like the 100 break is valid especially given the cloud is well cleared.

Upside trade to the 161.8 extension looks on.
  • #6,622
  • Apr 26, 2010 3:25pm Apr 26, 2010 3:25pm
You could have made money at the 1.382, or 1.618 or the 2.000 today on the 60 minute chart. After the penetration of the high there was a small pull back before it hit all three targets!
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  • #6,623
  • Apr 26, 2010 3:29pm Apr 26, 2010 3:29pm
Attached Image (click to enlarge)
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  • #6,624
  • Apr 26, 2010 8:01pm Apr 26, 2010 8:01pm
I setup a trade on the Gbp/Jpy on the 60 minute chart and I think that my Sell target was hit a few minute s ago.
  • #6,625
  • Apr 27, 2010 12:37am Apr 27, 2010 12:37am
Quoting Skunny
I'm not showing exactly how to trade this, but maybe this will help you all see where this idea goes on an hourly basis.

If you look at the candles on the example.

1) trade to 138
2) enter 1 position
3) enter 1 position at 61.8 and 1 at 38.2 inner fib lines

This example looks easy but only because there was a new cycle starting on the swing I pulled. So don't think you can pull like I did here. You need to learn the flow before you pull a fib.

Remember when I said watch when REAL S/R is broken? "Pin Bar"?. Pin bars are...
  • #6,626
  • Edited 7:25am Apr 28, 2010 6:06am | Edited 7:25am
Here's a dead giveaway setup appearing on the EURUSD. Courtesy of Greece economic worries.

UPDATE:A bit of pin happening to take out the daily pivot so we can go down...
Attached Image
  • #6,627
  • May 3, 2010 8:05am May 3, 2010 8:05am
Here is a look at 15min EUROGBP.

K.I.S.S.
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  • #6,628
  • May 13, 2010 1:42pm May 13, 2010 1:42pm
Was that a tumble weed ?

Shame to see this thread become so quiet again...
  • #6,629
  • May 13, 2010 3:48pm May 13, 2010 3:48pm
Quoting bartstop
I just wanted to let everyone know I have started a thread over in the journals section. My intention is to use it strictly for dicussion of 4 hour and larger fibs as they apply to the methods outlined by Skunny and ThomKnight. These larger fibs seem to be the easiest to screw up so I wanted a place that we could put our heads together and hopefully agree on the proper placement.

It is not intended to replace this thread.

For those of you that are new to the Skunny/ThomKnight style of fib trading, we use the larger fibs as a "framework"...
Watcha compass. How's the move? We're still at the Factory but at the above thread, you are very welcome of course.

MD.
Keep smiling
  • #6,630
  • May 27, 2010 4:08pm May 27, 2010 4:08pm
just keeping this old thread alive... the information here is far to valuable to let slip away
  • #6,631
  • May 27, 2010 4:54pm May 27, 2010 4:54pm
Quoting Trader_X
just keeping this old thread alive... the information here is far to valuable to let slip away
Indeed wouldn't want that...
  • #6,632
  • Jul 14, 2010 1:41pm Jul 14, 2010 1:41pm
Any tradefibbers coming here for a visit ?

I would like to join, you all !

Please Pm me with who to contact.

Thank you in advance
  • #6,633
  • Jul 14, 2010 2:02pm Jul 14, 2010 2:02pm
Eggster,

Check Fibonacci Paradise thread under Journals.

Many have moved to that thread.
  • #6,634
  • Jul 20, 2010 11:28am Jul 20, 2010 11:28am
Fibs and the Candle Whisperer rule!
  • #6,635
  • Jul 21, 2010 6:30am Jul 21, 2010 6:30am
Hello Lowell

I see some old names drop in here from time to time, would one of you be so kind as to pm me.

The missing image on the contact page of TF.com won't allow messages to be sent.


Thanks FxCompass, I am looking for the "Originals" (founding members)
  • #6,636
  • Aug 25, 2010 7:28pm Aug 25, 2010 7:28pm
keeping the thread alive
  • #6,637
  • Aug 25, 2010 9:24pm Aug 25, 2010 9:24pm
Quoting Trader_X
keeping the thread alive
Why?
  • #6,638
  • Aug 25, 2010 9:27pm Aug 25, 2010 9:27pm
I'm pretty sure Thomknight is Skunny anyways..He's been giving away all the trade fib super special 'secrets' that if known would cause havoc in the world markets

To say Skunny is a fibber is an understatement.
  • #6,639
  • Aug 26, 2010 6:30am Aug 26, 2010 6:30am
Scotty , Scotty...

If you have nothing nice to say.... say nothing at all !!





Your frustration in being unable to SEE what Skunny was pointing out is obvious,
you will need to resolve the anger before you can SEE clearly.

Good Luck
Craig
  • #6,640
  • Aug 26, 2010 2:00pm Aug 26, 2010 2:00pm
Quoting Eggster
Scotty , Scotty...

If you have nothing nice to say.... say nothing at all !!





Your frustration in being unable to SEE what Skunny was pointing out is obvious,
you will need to resolve the anger before you can SEE clearly.

Good Luck
Craig
Tell you what Egg,

One day you'll realize that fibs are a royal waste of your time. When you do, PM me and I'll redirect your attention to things that make sense, and will actually help you.

The funny thing about this thread is it's grand illusion--the one started by Skunny himself. It it GENIUS marketing. Make no mistake about it, Skunny isn't a stupid guy, and it could be that he actually thought he had something at the get go, but as time will teach all, the approach doesn't hold water. This is true because the method (like most TA) is not based in reality.

Remember the time I put up the same chart that Thom posted of a particular fib 'setup?' My MT4 bucket shop data was different than his, in fact, on my chart that 'trade' wasn't even there. His response was pretty much "if I see it, I trade it." I got a real kick out of that and still do, someday you will too. Hmm, nice rhyme. Anyways, my point is that there is nothing to see "clearly," as you put it. How can there be? Especially that pip perfect nonsense that was pushed in the early days of this thread.
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