Indicator Free Trading - Skunny

interesting chart

Just keepin' the thread alive!!!!

good job brunite...ill even admit i love that band!!!!lol...its so odd how even after all this time the old crowd still returns back to this this thread from time to time ..hoping that maybe the phoenix will rise from the ashes!!!amazing!!

Good to keep this alive Trader X but if Skunny returns I'll eat Brunites shoe.

MD.

And if you eat my shoe....I'll eat "3 Dog's" shoe!

i keep it alive for REFERENCE...lots of great info in these pages!if a thread remains unactive for a certain period of time its moved to the recycler bin..and i dont want to print out 460 pages!!!!

You are a true guardian of the Skunny creed Trader X. You was here when I first ventured in and you are here now I've gone, guarding the Quail lol.

I think I have watched 1 too many Indiana Jones films lol.

Good job man!

MD.

You made it all the way down to your shoes!? I'm still working on my hat! LOL

thank you misterdaz for the kind words! i really didnt intend to be a gaurdian..but o.k....it is true i have been here since day one (back in '07 if i recall..wow its '11 isnt it!...where does the time go?...i didnt post much then, and still dont..misterdaz ive seen you around for awhile as well...as i remember your a professional trader for a major firm..is that correct?...i followed you and thomknight last summer ..whatever happen to thomknight? he seemed a geniune person...decent trader as i recall.. hows your trading misterdaz? i see DaGoods is still around..he is one of the orignal skunny deciples!!! good to see you see your still about brother!

The thread lives....

You keep talking like that I'm going to take that badge away.

ive seen some really crazy stuff in here, and big up to the traders who got it this far, certainly explored every possible angle !!!

for me the big clues from skunny were...

1. keep it simple
2. you need 2 fibs on a chart.

so try this...

1hr chart.. wait for a strong move that clears the current range.

fib the move and let it retrace.....

the first fib is to show you where to enter back into the move... use p.a to aid you here... pin bars, double bottoms etc etc

... now fib the retrace, this will give you your target....

simple, works, rinse and repeat...

Be very careful, you never know where 3 dog's shoe has been, LOL!!!

Yes the great shoe mystery, you never know who's wearing who's shoes in this thread, seems to be a theme lol.

im guessing skunny never got back to give anymore wisdom? read 300 pages but thread was starting to splinter into too many ideas, if's but's maybe?

Skunny and the gang went off and setup a paid members only site called Tradefibs.com which as far as I know may have splintered off as well.

They wont let you in there now.

MD.

yeah got that, and i did look at the fib site.....

something that is rarely mentioned here is assessing the market condition before you stick fibs on ....

if we are in a ranging market and we stick a fib on then trade the break of the 0-100 we are just being a breakout trader, and we know the 80% ish of these retrace, and many fail and go the other way.... of course you can trade these fibs by using the inner levels and some price action ....

if we have a big momentum move and a pull back we are moving into a trending market and in this instance fibbing the retrace is a great way to project tp levels, but again here you are just entering a break of the swing hi / swing low, abc, 123 whatever you want to call it?

Well.....I guess I could try and ask him first! As long as he did not step into too much of the horse manure from the throwing contests that developed along the way....I suppose to taste should be OK.....with a little Louisiana Hot Sauce and a few nice beers to wash it down.

Hello, this is my first post here....this thread looks to be another must read thread...I will begin today..

Just one question please (sorry that I'm so lazy) but is there maybe a summary of the method (to quickly grasp the point(s) made here) or there is no other way but to start from page 1?

Thanks. I hope to enjoy this thread!