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Indicator Free Trading - Skunny

  • #6,861
  • Oct 18, 2010 10:26am Oct 18, 2010 10:26am
SL = 61.8 and it was hit

Price at 50% of last week, so break south of 61.8, TP at 76.4, break north of 38.2, TP 1 at 23.6, TP 2 at 11.8, TP 3 at 0.

Thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: weekly fib.gif Size: 25 KB
  • #6,862
  • Oct 19, 2010 7:50am Oct 19, 2010 7:50am
Progess to 88.2 and 76.4 Fib took profit.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly fib.gif Size: 30 KB
  • #6,863
  • Oct 19, 2010 7:52am Oct 19, 2010 7:52am
Just in case you are curious...PA based on fibs from 2 weeks ago.
Should you have pulled a fib for this week?
Attached Image (click to enlarge)
Click to Enlarge Name: weekly fib.gif Size: 28 KB
  • #6,864
  • Oct 19, 2010 7:39pm Oct 19, 2010 7:39pm
Hi All,

Just my 2 cent view:
Let's see how good this set up.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 101020a.gif Size: 16 KB


Happy trading.

FP
  • #6,865
  • Oct 19, 2010 8:40pm Oct 19, 2010 8:40pm
Quoting BarneyDog
Progess to 88.2 and 76.4 Fib took profit.
88.2 Fib hit and then some

Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly fib.gif Size: 29 KB
  • #6,866
  • Oct 19, 2010 8:48pm Oct 19, 2010 8:48pm
Quoting funpip
Hi All,

Just my 2 cent view:
Let's see how good this set up.
Attachment

Happy trading.

FP
Entries?
Profits?
Stop Losses?
  • #6,867
  • Oct 20, 2010 8:12am Oct 20, 2010 8:12am
Quoting BarneyDog
Entries?
Profits?
Stop Losses?

On this moment I only check the weather. Going north or south.
Also my analysis is on Daily Time frame which too wide range Stop loss except you have good money management on account.
This is my perception of Skunny method on this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 101020b.GIF Size: 12 KB


So I only trade whenever :
- price went up, when retrace and bounce on 61.8 - pick order on time frame 1 hr - 4hr
- Stop loss below 38.2
- Take profit on 138.2

Again this is Daily analysis,
Please read thread from beginning.

Happy trade

FP
  • #6,868
  • Oct 20, 2010 11:54am Oct 20, 2010 11:54am
Quoting funpip
On this moment I only check the weather. Going north or south.
Also my analysis is on Daily Time frame which too wide range Stop loss except you have good money management on account.
This is my perception of Skunny method on this thread.
Attachment

So I only trade whenever :
- price went up, when retrace and bounce on 61.8 - pick order on time frame 1 hr - 4hr
- Stop loss below 38.2
- Take profit on 138.2

Again this is Daily analysis,
Please read thread from beginning.

Happy trade

FP
You've an approach, good on you.
Have read thread, early poster, and looking back, posted some bad stuff, all part of learning.

Good luck.
  • #6,869
  • Oct 21, 2010 9:56am Oct 21, 2010 9:56am
On 4 hr time frame currently I am thinking that price will go lower to 1.5544 first
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 101021c.gif Size: 21 KB
  • #6,870
  • Oct 29, 2010 7:35am Oct 29, 2010 7:35am
Barney funpip, where are ya? Keep it going...no one else wants to. I get it goin again...boom. Been playin the lower time frames lately until everything gets out of its funk. Keep at it...make it work for you.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
  • #6,871
  • Oct 29, 2010 10:46pm Oct 29, 2010 10:46pm
Ok, just for fun, what do you make of the attached?
Attached Image (click to enlarge)
Click to Enlarge Name: weekly fib 1.gif Size: 23 KB
  • #6,872
  • Oct 30, 2010 1:49am Oct 30, 2010 1:49am
Quoting BarneyDog
Ok, just for fun, what do you make of the attached?
An Excel Spreadsheet?
  • #6,873
  • Oct 30, 2010 11:49am Oct 30, 2010 11:49am
Weekly fibs from previous week: magenta lines at 6.25% and back lines at 12.50% (38.2 is close to 37.5, and 61.8 is close to 62.5)
  • #6,874
  • Oct 31, 2010 7:41am Oct 31, 2010 7:41am
Quoting BarneyDog
Ok, just for fun, what do you make of the attached?

What pair and tf is that?
  • #6,875
  • Oct 31, 2010 1:25pm Oct 31, 2010 1:25pm
EU and 1 Hour

Quoting knucklehead
What pair and tf is that?
  • #6,876
  • Oct 31, 2010 1:37pm Oct 31, 2010 1:37pm
If you get this far, check these 2 threads out:

http://www.forexfactory.com/showthread.php?t=243432

http://www.forexfactory.com/showthread.php?t=259284
  • #6,877
  • Oct 31, 2010 9:41pm Oct 31, 2010 9:41pm
Quoting BarneyDog
EU and 1 Hour

Yea, I made several trades during that period. I use other tools than what most have been posted in this thread. I reference the weekly, and trade the 4 hour. When the market is ranging I go down to the 15 and get pips there. I like the 4 since I can grab a lot when its trending. The second is some trades I made on the 15 but on the 1hr chart. Looks like you could have gotten several good trades from the 23rd through the 28th.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 21 KB
Click to Enlarge Name: eu2.gif Size: 27 KB
  • #6,878
  • Nov 3, 2010 1:24pm Nov 3, 2010 1:24pm
hey guys, the 2 attached charts are in a monthly timeframe and show to possible price moves for eurusd. they are simple and obvious, but thats how the long term game is played . feel free to comment!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: monthly.gif Size: 26 KB
Click to Enlarge Name: monthly1.gif Size: 30 KB
  • #6,879
  • Nov 4, 2010 7:42am Nov 4, 2010 7:42am
Hey Mo,

I'll help you put...give me a few hours. I am where I can't really spend time on the charts right now.
  • #6,880
  • Nov 4, 2010 5:15pm Nov 4, 2010 5:15pm
Mo,

I was in on some trades with this pair. I would go to the weekly to verify higher time frames . The monthly just seems a little big unless your are trading the weekly. Anyway, attached are some pics of my trades. I start with the weekly, go down to the four hour, see if it is trending or ranging, then go the 15m. I'll trade all three but obvioulsy the 15 is where you can get pips everyday waiing on the larger time frames to grab a lot of pips. As of right now, I am not sure which way the wk or mn will go.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eumn1104.gif Size: 18 KB
Click to Enlarge Name: eumn21104.gif Size: 11 KB
Click to Enlarge Name: eu41104.gif Size: 15 KB
Click to Enlarge Name: eu15m1104.gif Size: 12 KB
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