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Indicator Free Trading - Skunny

  • #6,901
  • Feb 8, 2011 8:03pm Feb 8, 2011 8:03pm
Quoting Adilius07
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!
Adilius07-

Please start at the beginning and pay special attention to the posts by the man himself --Skunny. I will tell you that this has been a sometimes frustrating journey but well worth the work and the carpel tunnel syndrome. Best of luck to you friend.

K.I.S.S.
  • #6,902
  • Feb 8, 2011 11:05pm Feb 8, 2011 11:05pm
Quoting KissFan
Adilius07-

Please start at the beginning and pay special attention to the posts by the man himself --Skunny. I will tell you that this has been a sometimes frustrating journey but well worth the work and the carpel tunnel syndrome. Best of luck to you friend.

K.I.S.S.
Hi KF, thanks for reply! I made it to the page 93 so far, very carefully, not missing a single post. I have to admit I was a little disappointed that it evolved into commercial venture (workshop thing on page 93). But I guess this is normal and that is how it is supposed to be.

I will not buy any course or participate in any group, forum, workshop - will it be beneficial to me in any way to continue reading past page 93?

Don't get me wrong, please, I respect and thankful to Skunny, the hints and trick he showed I think really could be used to my benefit and benefit of newbies like me! Thank you very much.

P.S. One thing that bugs me a lot. Is it really OK to have TP three times smaller than SL? Feels not safe to me (maybe that's because I'm with those 95% for now?)
  • #6,903
  • Feb 9, 2011 1:35am Feb 9, 2011 1:35am
Adilius. Hi. I wasn't gonna post if I could help it but I saw you mention the inverse RR thing. Let's say even if you take those trades and they come off, make one human mistake, cos you will and you wipe out 3 good trades.

The fibs are good but find other ways to use them. Look for ways of trading them with positive RR. It is possible.

I am still studying them, the negative RR is a no go for me anyway.

Good luck.

MD.
Keep smiling
  • #6,904
  • Feb 9, 2011 1:36am Feb 9, 2011 1:36am
Quoting Misterdaz
Adilius. Hi. I was gonna post if I could help it but I saw you mention the inverse RR thing. Let's say even if you take those trades and they come off, make one human mistake, cos you will and you wipe out 3 good trades.

The fibs are good but find other ways to use them. Look for ways of trading them with positive RR. It is possible.

I am still studying them, the negative RR is a no go for me anyway.

Good luck.

MD.
Hi MD, thanks for reply. That is what I feel too... 1 stop erases 3 wins.. but on the other hand win rate is very high really, my backtest show close to 81%.... don't know... maybe I should compromise some how...

This is a great concern for me, still searching the best way to manage my trades...
  • #6,905
  • Edited 1:58pm Feb 9, 2011 6:37am | Edited 1:58pm
Quoting Adilius07
Hi KF, thanks for reply! I made it to the page 93 so far, very carefully, not missing a single post. I have to admit I was a little disappointed that it evolved into commercial venture (workshop thing on page 93). But I guess this is normal and that is how it is supposed to be.

I will not buy any course or participate in any group, forum, workshop - will it be beneficial to me in any way to continue reading past page 93?

Don't get me wrong, please, I respect and thankful to Skunny, the hints and trick he showed I think really could be used...
I have read the whole thread over and again for a year plus. I pick up clues all over it. There are many ways to apply this technique. I had good success using my PA knowledge from J16 to start a good method that has continuously evolved. Use your base knowledge with these concepts and you will be fine.

K.I.S.S.
  • #6,906
  • Feb 9, 2011 1:15pm Feb 9, 2011 1:15pm
i had my aha moment today....

thanks skunny

the clues are all there, never thought it was the stop loss and money management (here's a hint, you need 2 lots, close 1 at tp1, move the other to b.e) that was the key....

the only losing day is when the trend reverses.... oh and dont forget this amazing 1 liner "your stop should be at the point you reverse your position"
  • #6,907
  • Feb 9, 2011 7:58pm Feb 9, 2011 7:58pm
Quoting darrenlittle
i had my aha moment today....
Your first of many. Get used to it!

I vowed quite some time ago to not post here again. But....you seem a nice guy. So....FWIW...

Be prepared to spend several years on this course of study. If you do.....you may find the rewards. Most that I know of took several years to start nailing things. Test for as long as you would to master things. A university degree takes 4 years. This should take less.The rewards should be greater. Most will never put in the time. Most are looking for the secret chart setup or indicator. Most will get impatient and move on to the next thread. There were almost 35,000 active FF members logged on within the last 3 months. If you had "the" grail, a grail, an edge, an almost-never-fail method.....would you post about it here? Would you give it away and dilute it's value. Anyone looking for shortcuts or "easy indicator" methods should think about THAT. That said....things of value are shared and hints are given to aid those on a sincere quest to "never quit till I succeed".

A word to the wise.....

Peace!....Gone!
  • #6,908
  • Feb 9, 2011 9:03pm Feb 9, 2011 9:03pm
Quoting Brunite
Your first of many. Get used to it!

I vowed quite some time ago to not post here again. But....you seem a nice guy. So....FWIW...

Be prepared to spend several years on this course of study. If you do.....you may find the rewards. Most that I know of took several years to start nailing things. Test for as long as you would to master things. A university degree takes 4 years. This should take less.The rewards should be greater. Most will never put in the time. Most are looking for the secret chart setup or indicator. Most will get impatient...
Thanks Brunite, wise words indeed, If i had found the grail, i would post about it here with a link to where you could buy it. My aha moment was more to do with money management, making more profit from the winners and less risk on the losers...

The point I was trying to make, poorly, was "reading this thread could improve your trading' nothing more, nothing less....

Me personally, i trade EU 1hr tf, i generally make 100 pips a day, i usually get 1 trade a day.... I use price action, support, resistance breaks and big ol scary stops! 99% of the time i will short a long that fails and vice versa (depending on what price action is telling me)...

I might be doing this wrong and that wrong, i really dont care much, i trade my system, its not been taught to me, its not copied, but when i sit in front of the charts i know a valid trade (for me) and more than 3/4 win... so theres no mystery to it all...

some charts, we all like a chart don't we

http://i1222.photobucket.com/albums/...obells/gu2.png

http://i1222.photobucket.com/albums/...obells/1-1.png

http://i1222.photobucket.com/albums/...08at233155.png
  • #6,909
  • Feb 10, 2011 2:20am Feb 10, 2011 2:20am
Darren, I think you have hit the nail on the head. In my resaerch I have found you can learn from others but in the end you must get wired up with how you see things and trade your own charts and ideas.

Good luck to you.

Rule Britannia hahha.
Keep smiling
  • #6,910
  • Feb 10, 2011 6:59am Feb 10, 2011 6:59am
thanks misterdaz!

current view of EU.... If it does break low might be a decent move, maybe everyone is sitting on their hands until us employment news... just going to be patient and take what the market gives me,

http://i1222.photobucket.com/albums/.../eucurrent.png
  • #6,911
  • Feb 10, 2011 10:06am Feb 10, 2011 10:06am
I wouldn't worry too much about the weekly US unemployment numbers, the NFP is the one to watch regarding that. The biggest number today was the the UK MPC decision which was a non event.
Keep smiling
  • #6,912
  • Feb 10, 2011 11:00am Feb 10, 2011 11:00am
Quoting Skunny
Against my better judgment.....and as a result of many questions directed towards my trading in a previous thread (Holy Grail....Found, by JohnW) I've opened this thread for quality conversations and debate about learning HOW to trade. I will not address negative comments and I expect other not to either. If it turns negative, I'll have to leave. In the event we find ourselves in the midst of a disgruntled trader, we need to ignore and move on. Deal? Debate is healthy, arguing is not.

I urge all of you to ask questions in a positive constructive...
Hi,

I'am searching the system details, yet I found only refers to tradefibs.com website. So is there any free indicators or system as the name indicates "Indicator Free trading - Skunny"?
  • #6,913
  • Feb 10, 2011 3:14pm Feb 10, 2011 3:14pm
Quoting Pkurdy
Hi,

I'am searching the system details, yet I found only refers to tradefibs.com website. So is there any free indicators or system as the name indicates "Indicator Free trading - Skunny"?
Pkurdy are you serious? Hahahhahaha. Sorry to laugh. If you are then it means your charts are free of indicators, apart from a fib tool.

I see you are a loss adjuster, from Cairo, you're gonna have plenty of work! What's it like there at the moment, looks pretty scary at times?

MD.
Keep smiling
  • #6,914
  • Feb 10, 2011 5:02pm Feb 10, 2011 5:02pm
Here's one of mine from yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: 2-10ud.gif Size: 25 KB
  • #6,915
  • Feb 11, 2011 6:29am Feb 11, 2011 6:29am
yesterdays
EU chart played out to the fib!

http://i1222.photobucket.com/albums/...obells/111.png
  • #6,916
  • Feb 11, 2011 9:40am Feb 11, 2011 9:40am
Quoting Misterdaz
Pkurdy are you serious? Hahahhahaha. Sorry to laugh. If you are then it means your charts are free of indicators, apart from a fib tool.

I see you are a loss adjuster, from Cairo, you're gonna have plenty of work! What's it like there at the moment, looks pretty scary at times?

MD.
It seems there is misunderstanding. I've all the tools and indicators you said, however my question is what is the details of the system/strategy.
  • #6,917
  • Feb 11, 2011 10:10am Feb 11, 2011 10:10am
Quoting Pkurdy
It seems there is misunderstanding. I've all the tools and indicators you said, however my question is what is the details of the system/strategy.
lol it seems you have misunderstood...you have to have your own eureka moment with the tools presented. You will find no definitive strat here
  • #6,918
  • Feb 11, 2011 1:50pm Feb 11, 2011 1:50pm
Quoting Pkurdy
It seems there is misunderstanding. I've all the tools and indicators you said, however my question is what is the details of the system/strategy.
What tools and indicators did he say?
  • #6,919
  • Feb 11, 2011 2:14pm Feb 11, 2011 2:14pm
GU short too, in and out of this trade multiple times, got tp1 eventually and 148 pips, nice end to the week

http://i1222.photobucket.com/albums/...11at201001.png

as an added bonus my fib ea is getting there, 170% account increase last quater.... doubt i will ever use it to trade, but generates great data to learn from

http://i1222.photobucket.com/albums/...quitycurve.png
  • #6,920
  • Feb 11, 2011 3:48pm Feb 11, 2011 3:48pm
Hey nice stuff Darren. The fans pretty cool isn't it.

Nice weekend.

MD.
Keep smiling
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