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Indicator Free Trading - Skunny

  • #7,381
  • Oct 14, 2011 11:50am Oct 14, 2011 11:50am
Quoting GridTrader
Triggered long fib. Short fib not triggered. So why short instead of long?

Any thoughts?
Quoting GridTrader
If your fib targets (from MULTIPLE fibs) don't match within a fraction of a pip, your trade was pure luck or you were only trading from the 1% of what is. This I promise you.
?
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Nothing is True, Everything is Permitted.
  • #7,382
  • Oct 14, 2011 3:23pm Oct 14, 2011 3:23pm
If you only focus on where you are not, you might feel like you're failing.
Instead, one should try to focus on how far you have come.

Perfection is not needed. One only needs an edge.

If anything, trading with fibs will at least do this for you:
You will become soooo focused on watching and observing price - it will become second nature.

Want to become a price action trader? Keep playing with your fibs and eventually you will become one.
Attached Image(s) (click to enlarge)
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The market is like the matrix - it is you that must learn to bend
  • #7,383
  • Oct 14, 2011 3:39pm Oct 14, 2011 3:39pm
Quoting KissFan
Dunno what your tracking otherwise (Higher TFwise)but one reason could be because you have an open target short on a higher TF.

Good to see you Grid.

K.I.S.S.
Thank you Good to see you still checking in from time to time.

Yes a triggered fib, but on the same M5 time frame.
The market is like the matrix - it is you that must learn to bend
  • #7,384
  • Oct 14, 2011 3:41pm Oct 14, 2011 3:41pm
Quoting Misterdaz
You should get a job in banking if you like a laugh Grid, there's jokers everywhere now, the funniest ones get the top jobs!

MD.
Why does that not surprise me? LOL
The market is like the matrix - it is you that must learn to bend
  • #7,385
  • Oct 14, 2011 3:43pm Oct 14, 2011 3:43pm
Quoting Doc_holiday
because at that particular point in time

eu had to go to 1.37783


i wonder if gu will go to .5815
I'm you're huckleberry. Good movie!

Inserted Video
The market is like the matrix - it is you that must learn to bend
  • #7,386
  • Oct 14, 2011 4:30pm Oct 14, 2011 4:30pm
Quoting J.R. Cash
?
I have a template full of different types of fibs. One looks like yours (drum fib), but its not what I used (doesn't mean yours is wrong). I'm not sure how you are using yours??
The market is like the matrix - it is you that must learn to bend
  • #7,387
  • Oct 14, 2011 5:24pm Oct 14, 2011 5:24pm
Quoting GridTrader
I have a template full of different types of fibs. One looks like yours (drum fib), but its not what I used (doesn't mean yours is wrong). I'm not sure how you are using yours??
No sir, i do not use such fib tool. I was just having a guess as to why you have those horizontal lines on your chart.

I read your previous post (referring fib targets from multiple fibs that have to match) and since i have seen that your target lies on or close to a such horizontal level, i thought those levels have to be some targets/levels from another fib.

Anyway, a q if you don't mind... when you say targets (that have to match), do you mean 138s? or do you use other levels as targets too? 162s etc.? I know others do. There are so many ways of doing it and all work (i presume); that is the/my problem.

Thanks for taking the time to post in here.
JR
Nothing is True, Everything is Permitted.
  • #7,388
  • Oct 14, 2011 5:53pm Oct 14, 2011 5:53pm
It can be other levels - if you want to test with those, but my profit taking is usually at the 138 as with everyone else in this thread. The multiple lines are there because you can't ALWAYS know which will be the final target. There are rare cases where you can be pretty confident of the final target to a smaller fib inside a larger one (as in my last chart), but like I said, these are rare. I should of never mentioned multiple targets - as they are not needed and just because some will naturally line up, doesn't mean price has to hit them or that they were pulled correctly.

Hope that helps. I DO appreciate your questions, but my apology as well if my answer is unclear. Information I am able to offer here is very limited.
The market is like the matrix - it is you that must learn to bend
  • #7,389
  • Oct 15, 2011 6:03am Oct 15, 2011 6:03am
I can see the value in the little that you can share. Your answer is just fine.

Nothing is True, Everything is Permitted.
  • #7,390
  • Oct 16, 2011 7:59am Oct 16, 2011 7:59am
Quoting J.R. Cash
I can see the value in the little that you can share. Your answer is just fine.

Thank you.
The market is like the matrix - it is you that must learn to bend
  • #7,391
  • Oct 16, 2011 3:58pm Oct 16, 2011 3:58pm
Hey guys,

I'm new here, please excuse me for jumping in like this, but I was trying my hand at drawing those Skunny fibs tonight and out pops this one - I thought it's worth sharing.
Attached Image (click to enlarge)
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  • #7,392
  • Oct 16, 2011 10:53pm Oct 16, 2011 10:53pm
Was anyone looking for .3836 on eu ?

Did Eggster think so? not sure

Maybe 3dog? could be

Grid? possibly

Brunite? maybe so




10-1 RR entry off the top possible


It is possible to flip the RR in your favor in a massive way


in fact this was called live to someone that shall remain nameless


along with a few other trades, nice start to the week


In fact, i bet that person 10 CHICKENS that 86 would come.


I am a chicken rancher in Oklahoma. Well that is what i did for most of my life, i still do raise a few here and there though in my spare time.



Anyway, i hope someone besides me caught it.





Toodles for now


http://img163.imageshack.us/img163/6279/35343409.gif

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  • #7,393
  • Oct 16, 2011 10:59pm Oct 16, 2011 10:59pm
does 49 come here with a 4-1 RR

worst case out at breakeven at 30 ?


probably


http://img847.imageshack.us/img847/1764/36782279.gif

Uploaded with ImageShack.us
  • #7,394
  • Oct 16, 2011 11:11pm Oct 16, 2011 11:11pm
anyone looking for that ?

Maybe ScottyB was in that one?

Maybe Eggster?

that was called live to my good friend as well

i know he was in that one with me

nice 10-1 rr off the top possible on that one


I am just glad i didnt lose my bet and have to part with some of my chickens.


Toodles









http://img685.imageshack.us/img685/1656/97365510.gif

Uploaded with ImageShack.us
  • #7,395
  • Oct 16, 2011 11:26pm Oct 16, 2011 11:26pm
Quoting Doc_holiday
does 49 come here with a 4-1 RR

worst case out at breakeven at 30 ?


probably


http://img847.imageshack.us/img847/1764/36782279.gif

Uploaded with ImageShack.us

i do however wish i had bet some CHICKENS on that one.


And, no i am not a member of TF.

However, it is possible to figure it out

It took my over 10k hrs.


Toodles
  • #7,396
  • Oct 16, 2011 11:48pm Oct 16, 2011 11:48pm
lets try a short here with a 3 pip stop

on eu

in 54

target

.3825

10-1 RR
  • #7,397
  • Oct 16, 2011 11:51pm Oct 16, 2011 11:51pm
Quoting Doc_holiday
lets try a short here with a 3 pip stop

on eu

in 54

target

.3825

10-1 RR

break even worst case now

FREE TRADE


will it hit ?

no idea

it might though

http://img823.imageshack.us/img823/2912/80050193.gif

Uploaded with ImageShack.us
  • #7,398
  • Oct 17, 2011 12:13am Oct 17, 2011 12:13am
Out at BE

i may sacrifice one of my CHICKENS for that




25 should come before that high pivot high breaks

unless i missed something

which is possible because i am pretty drunk right now






Toodles
  • #7,399
  • Oct 17, 2011 5:20am Oct 17, 2011 5:20am
Quoting Doc_holiday
Was anyone looking for .3836 on eu ?

Did Eggster think so? not sure

Maybe 3dog? could be

Grid? possibly

Brunite? maybe so






Toodles for now



You were right... I didn't think 36....... I was looking for 26


Oklahoma Chicken farmer, eh?

So you must know Joey.. he is an Egg farmer.... good buddy of mine!!


Egg
  • #7,400
  • Oct 17, 2011 5:41am Oct 17, 2011 5:41am
Quoting Eggster
You were right... I didn't think 36....... I was looking for 26


Oklahoma Chicken farmer, eh?

So you must know Joey.. he is an Egg farmer.... good buddy of mine!!


Egg
Of course i know Joey, as everyone knows Joey here in these parts.

An Egg farmer indeed.

You know what they say about Chicken and Eggs.
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