Indicator Free Trading - Skunny | Page 364 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How to free indicator resources? indicator called from EA 7 replies

COT trading system with free indicator 297 replies

No Free Lunch but all the Free Coffee you can drink 736 replies

SWAP free, rollover free Broker? 15 replies

Attachments: Indicator Free Trading - Skunny
Exit Attachments

Indicator Free Trading - Skunny

  • #7,261
  • Aug 19, 2011 9:00am Aug 19, 2011 9:00am
i didnt catch this a second ago...grr backwork. but if you took 4 second.. this wouldn't have hurt your resolve to get into that aforemention trade. lol
this was a lay up but NOT something i would have had for trading short beforehand and even if I did i wouldn't have known it was going to reverse

but that candle formed in between the 100-138 the 50-100 hit in conjunction with the other chart would greatly help me. if the stars alligned and for some reason and i had the first chart before the pin formed on the 50 and this chart for tracking short at the same time i might have gotten in at the appearance of a rejection on the 50 w the smaller fibs 138.2 setting up like that... but that is like once in a million for me since there are so many things potentially going on...i gave up trying to track them all. easier for me to jut wait until you see something you underhand and get in sensibly.

laterz
Attached Image (click to enlarge)
Click to Enlarge Name: chart8.gif Size: 9 KB
  • #7,262
  • Aug 19, 2011 9:08am Aug 19, 2011 9:08am
Quoting sizzler
Eu is just a big mess but if i were trading on friday the best i could find.

A simple swing fib that happened to catch the 61.8 on the way up pierced and came back to the 50, formed a pin and broke up which is the trigger(top red line) and the stop(you can have a tighter stop as outline with middle red line) also pinned between the 100-50 on the way down forming a different range

if you were trading this.. you would already be in and in profit and at a BE situation you don't alway need to let things go to target since some times things whip...
Sizzler,

You are absolutely correct - in fact, the majority of my losses that have occurred to date, have all stemmed from not TP prior to the expected target.

IMO, these lines, while very helpful for determining S/R, are not magical. It does however, explain a lot of what is going on from from the point of reference.
  • #7,263
  • Aug 19, 2011 9:13am Aug 19, 2011 9:13am
My last two trades - fib arc moved to new position in 2nd chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: before.gif Size: 10 KB
Click to Enlarge Name: after.gif Size: 9 KB
  • #7,264
  • Aug 19, 2011 4:04pm Aug 19, 2011 4:04pm
Quoting almo
Sizzler,

You are absolutely correct - in fact, the majority of my losses that have occurred to date, have all stemmed from not TP prior to the expected target.

IMO, these lines, while very helpful for determining S/R, are not magical. It does however, explain a lot of what is going on from from the point of reference.
well yeah i have had that too over the years...no matter how right I think/know/feel i am in a lot of situations i get out/back in using the methods i described.

when you do it right.. your target will 99% of the time hit barring some crazy news type thing, but the problem inherent is.. you(me) can and will be prone to making mistakes(which are 100% clear inside the methodology after the fact obviously) at the end of the day I have to trade smart.

Most of the time even if you miss something you are in profit(sometimes not enough to be in a be situation..so entries for me are super important) before thing go south/north.. so again being "right" isn't that important unless one is trying to to impress people for some weird reason.

if i had been trading today this i how that Eu would have shaped up.. i would have been taken out.. and with just a swing fib and the feeling that my long target is correct.. this would be a logical re entry towards it for me. great RR if it goes, but again we are EOW so things get muddy and don;t flow smoothly.
I would be gunning for my 4hr target but again being subject to have whips take me out. and this could very well get stopped even during normal market flow but it i my best stab at it ATM toward 4hr target..if i was wrong on this i would wait and see.
I have never looked at the circular fibs , but i am ure they work the same way.
Attached Image (click to enlarge)
Click to Enlarge Name: chart8.gif Size: 10 KB
  • #7,265
  • Aug 19, 2011 4:58pm Aug 19, 2011 4:58pm
Today when price peirced the 0 line I placed a reversal trade at the 23.6 and my tp was the 50 line. This was something that FxCompass taught but I use it alot when I am pulling swing fibs. I wonder how he's doing?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpg Size: 87 KB
  • #7,266
  • Aug 20, 2011 1:52am Aug 20, 2011 1:52am
Identifying true S/R is the next REAL question. Still having issues with it personally.
  • #7,267
  • Aug 20, 2011 8:19am Aug 20, 2011 8:19am
Quoting autoforex1
Identifying true S/R is the next REAL question. Still having issues with it personally.

Very good. I think you may be right, that the fibs should maybe be pulled from s/r lines and not swings. I think that is what one of the cycles said in a post a couple of pages back. I use weekly, Daily, and hourly s/r lines with Ichimoku rather than just enter per the Ichi rules. Great results. Anyway deleted the Ichi and added the fibs. The fib highlighted is pulled from an hourly to a weekly. I tried on the next s/r lines on the swing back up and worked perfectly. Not saying this is the coded answer, if there is one, but works great so far. Tried it on the Eur/Chf also, worked there too.
Attached Image (click to enlarge)
Click to Enlarge Name: [EURUSD,H1]_2011-08-20_08-04-58.jpg Size: 64 KB
  • #7,268
  • Aug 21, 2011 6:01am Aug 21, 2011 6:01am
Hopefuly this makes sense. As far as "true sr" my take has been people look for that so they know if they pull a fib from those points the target will be hit within the parameters outlined by skunny in the earlier part of the thread...not crossing the 0/100 before hitting target..and are often looking for a green light to enter on pierce which is still IMO a "sloppy" trade without fib respect, but my personal take has come to be this(and yes I cherry picked a stone simple/in the box perfect example to illustrate) also my aspect ratio was tweaked a tad to make it look pretty.. since that is what matters to me.

1.) chart 1 a simple swing fib. price bangs from the 0/100 into the 61.8 on their own this fib will fail targetwise in certain situations (here your/my stop would have been blown, but if you held and waited you happen to get a retrade op.. this op was chance), but this isn;t about that.

2.) using the fib frame one might say that the 61.8-100/0 was shown to be a solid SR pairing because of the fib. so we simple swing fib that happen to get a push from the 61.8 and voila.

so IME you can use fib structure for tracking to spawn your real trade. in this example the 61.8 might not have been the smaller fibs 100/0 it could have been a 138.2 or something else..and again i, in my current understanding, only get a tradeable idea i like with fib respect, but this idea might help newer fibbers in testing and cut some months off of their time. You cannot always do this and put a 0/ or a 138.2 on the 61.8 (in this case) and have it hit target, but the concept relative to sr might get juices flowing and it works when you see it working.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart8.gif Size: 10 KB
Click to Enlarge Name: chart9.gif Size: 10 KB
  • #7,269
  • Aug 21, 2011 6:26am Aug 21, 2011 6:26am
for concept hunters this frommucking around with this would have been my trading fib from pulling all the ways i know how.

Chart 1- again would have gotten my stopped popped at pink or out at a be/small profit situation since i like to have good RR..this triggered some long trade, but i would not hunt for it in this case especially with the PA leading up to the 38.2 break and knowing that since i was comfortable enough to go short.. my target wouldn;t be past the 61.8. I am not trading against or second guessing myself after i get into a trade...if so I should have never hit sell in the first place.

ultimate stop the 61.8... in this case orange would have been the patient mans great re entry...get in on a tl break or something else perhaps a smaller tf keeping in mind the guiding fib frames " sell against" areas.

this didnt have to happen this way, but it did. if it had came back past my 61.8... i missed something, but i would have been in a long trade then if i could see one that made sense at that time.

I don;t have a visible 0/100 but i have enough information to say... i am sure something is there @ the 100/0 area.. i just cant see it in this slice of time. this just happened to work out meaning if i had pulled back to the 61.8 and not seen any fib respect... well.. i wouldn't have traded it.
Attached Image (click to enlarge)
Click to Enlarge Name: chart9.gif Size: 10 KB
  • #7,270
  • Aug 21, 2011 12:05pm Aug 21, 2011 12:05pm
Quoting sizzler
for concept hunters this frommucking around with this would have been my trading fib from pulling all the ways i know how.

Chart 1- again would have gotten my stopped popped at pink or out at a be/small profit situation since i like to have good RR..this triggered some long trade, but i would not hunt for it in this case especially with the PA leading up to the 38.2 break and knowing that since i was comfortable enough to go short.. my target wouldn;t be past the 61.8. I am not trading against or second guessing myself after i get into a trade...if...

Inserted Video
  • #7,271
  • Aug 23, 2011 6:19am Aug 23, 2011 6:19am
Took two days, but its back over my 100% line...possible run up to 1.46xx?
Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 14 KB
  • #7,272
  • Aug 23, 2011 12:47pm Aug 23, 2011 12:47pm
Quoting sizzler
LOl gotcha Brun. I like your dutch uncle stories.

yes you are now cryptic enough to be a tradefibber.

anyone of us that can trade could show people how we or how to or a way to trade with fibs, but the problem is people already have it made up what this is
most common assumptions that i myself have had before when this started
1.) A foolproof and mechanical way to track every market move with out fail
2.) know exactly when(well maybe not when) and where(options yes) the market will turn to a pip beforehand 100%
3.) a way to be insanely...
Sizz, to respond to the above as best I can let me try. Yeesssssss.

1) Foolproof, fibs are, you may not be.

2) You need not to know when the target will hit, but hit, they always hit. Like looking at supermodels, pip perfect hits are, you be able to date one, rarely will.

3) Successful once you know the secret, will you be.

Just a tool to measure s/r, fibs are, just an inherent byproduct of this, cycles are.

C138
  • #7,273
  • Aug 23, 2011 12:53pm Aug 23, 2011 12:53pm
Quoting almo
Sizzler,

You are absolutely correct - in fact, the majority of my losses that have occurred to date, have all stemmed from not TP prior to the expected target.

IMO, these lines, while very helpful for determining S/R, are not magical. It does however, explain a lot of what is going on from from the point of reference.
Missing tps is, the reason why you are because your style of fib use requires you to be in the flow. Why you should take trades on retracements to minimize your risk, this is.

C138
  • #7,274
  • Aug 23, 2011 12:55pm Aug 23, 2011 12:55pm
Quoting autoforex1
Identifying true S/R is the next REAL question. Still having issues with it personally.
Help you understand true s/r, hopefully this will. Herh herh herh.

C138
Attached Image (click to enlarge)
Click to Enlarge Name: FF True SR.jpg Size: 71 KB
  • #7,275
  • Aug 23, 2011 1:26pm Aug 23, 2011 1:26pm
Going back and re-reading this thread focusing on what skunny/cycle62 has said, of great benefit, will be. Hmmmmmm.

http://www.forexfactory.com/showthre...29#post1760429

Your answer somehwere here lies.

C138
  • #7,276
  • Aug 23, 2011 1:34pm Aug 23, 2011 1:34pm
Quoting cycle138
Sizz, to respond to the above as best I can let me try. Yeesssssss.

1) Foolproof, fibs are, you may not be.

2) You need not to know when the target will hit, but hit, they always hit. Like looking at supermodels, pip perfect hits are, you be able to date one, rarely will.

3) Successful once you know the secret, will you be.

Just a tool to measure s/r, fibs are, just an inherent byproduct of this, cycles are.

C138
HAHAHA I love Yoda!

1.) Concur.
2.) the basis for entering all my trades this is, but i manage my trades and I will get out even if I am right under circumstances. though.. the target being hit is just not as important as where i enter for me.
3.) I keep the lights on sadly after spending time looking for a secret for years... I ended up learning a way to trade 138.2 fibs with no magic. At this point i would be more irritated if there WAS some simple secret like i blasted a hole through a wall and there was a door two feet away.

again we are in agreement fib are a tool, that show us cycles or parts of them etc. if used properly.


here is a build off of that EU chart. just slopping around. you can fit that greenie better since it slopped over the fib line but all roads lead to rome. stops targets and entries all in a nice neat package.

So assume these things.. assume i can trade fibs really well, assume i have a pretty good understanding or idea of what is going on to generate these results

Are you sequential fibbing to always stay in the open cycle? you don;t pay pattention to more then then 100/0 and trade within those?
Using the fibs to measure SR and taking cues from illumination on fib line hits?

i never learned the sequential stuff or just saying this fib is in the right spot regardless of inner respect my stop is 0/100 i am moving this week but i am totally down to learn whatever it is you have. I already trade fibs pretty well so this could only make things better or have no effect.

Sizz
Attached Image (click to enlarge)
Click to Enlarge Name: chart9.gif Size: 12 KB
  • #7,277
  • Aug 23, 2011 1:37pm Aug 23, 2011 1:37pm
Quoting cycle138
Going back and re-reading this thread focusing on what skunny/cycle62 has said, of great benefit, will be. Hmmmmmm.

http://www.forexfactory.com/showthre...29#post1760429

Your answer somehwere here lies.

C138
OMg is Rob back from the hinterlands of minnesota?? hahaha rad.
  • #7,278
  • Aug 23, 2011 2:08pm Aug 23, 2011 2:08pm
Quoting sizzler
HAHAHA I love Yoda!

1.) Concur.
2.) the basis for entering all my trades this is, but i manage my trades and I will get out even if I am right under circumstances. though.. the target being hit is just not as important as where i enter for me.
3.) I keep the lights on sadly after spending time looking for a secret for years... I ended up learning a way to trade 138.2 fibs with no magic. At this point i would be more irritated if there WAS some simple secret like i blasted a hole through a wall and there was a door two feet away.

again...
Possible your target will get hit, is it, but done at 1.4499, the move for me was. I trade not with anything but 1 fib. With 1 fib, determine direction and flow, you can. Herh herh herh.

Infinite ways to fib trade, there are, if found a way to use it that makes money, you have, then may the force be with you.

C138
  • #7,279
  • Aug 23, 2011 2:30pm Aug 23, 2011 2:30pm
Cycles you want to play, you define. Arbitrary, cycles are.

http://www.forexfactory.com/showthre...15#post1759815

C138
  • #7,280
  • Aug 23, 2011 3:16pm Aug 23, 2011 3:16pm
Quoting cycle138
Going back and re-reading this thread focusing on what skunny/cycle62 has said, of great benefit, will be. Hmmmmmm.

http://www.forexfactory.com/showthre...29#post1760429

Your answer somehwere here lies.

C138
Ty C138 - this was something I had forgotten about.
2 traders viewing now