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Indicator Free Trading - Skunny

  • #7,461
  • Oct 26, 2011 6:02am Oct 26, 2011 6:02am
Quoting Eggster
Hey Daz

Hope you didn't bet big.


But how about this.

Do you mean 3ⁿ = 1/9?

By logs, we obtain:

nlog(3) = log(1/9)

Divide both sides by log(3)

n = log(1/9)/log(3)
n = -2

Shortcut: Note that 1/9 = 3^(-2).

I hope this helps!




I have no clue... but yahoo answers had that.
Errrrr......well I did ask......thanks Egg, I'll send you a chicken.

Daz.
Keep smiling
  • #7,462
  • Oct 26, 2011 6:26am Oct 26, 2011 6:26am
Quoting Misterdaz
Errrrr......well I did ask......thanks Egg, I'll send you a chicken.

Daz.
I have one i can sell you.

He is not THE BIG CHICKEN, and is a tad slow, but for sale none the less.
  • #7,463
  • Oct 26, 2011 7:25am Oct 26, 2011 7:25am
Quoting Doc_holiday
I have one i can sell you.

He is not THE BIG CHICKEN, and is a tad slow, but for sale none the less.
Ok I'll take one white, a rooster, a rhode island red and a big chicken please. What warranty do I get on these animals and what's your returns policy?

Daz.
Keep smiling
  • #7,464
  • Oct 26, 2011 7:28am Oct 26, 2011 7:28am
Quoting Misterdaz
Ok I'll take one white, a rooster, a rhode island red and a big chicken please. What warranty do I get on these animals and what's your returns policy?

Daz.
I repeat ............................... THE BIG CHICKEN is not for sale.

NOT for sale


The others are sold as is with no warranty.
  • #7,465
  • Oct 26, 2011 7:30am Oct 26, 2011 7:30am
I am trying to close an au long

i didnt call it here

and my chart doesnt post little arrows on it, because i dont trade on mt4---- just chart


but i may post some CHICKEN titties if i can close it here

it will be worth some titties

for sure
  • #7,466
  • Oct 26, 2011 8:29am Oct 26, 2011 8:29am
Have to get some CHICKEN titties on that one



Toodles
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  • #7,467
  • Oct 26, 2011 11:58am Oct 26, 2011 11:58am
FLOL.

Hahahahahahaahhahahahahahaha.

Daz.
Keep smiling
  • #7,468
  • Oct 26, 2011 3:12pm Oct 26, 2011 3:12pm
I've gotten a few PMs from people. I do appreciate getting them from time to time. I sincerely do mean well, and to everyone in my responses - but there is only so much I can say about what I have learned without stepping certain boundaries. Regarding my EurCad trade - I "anticipated" the move up. I was not 100% certain of it. On average I trade with a win rate of about 85%. I do not trade 100%. I really don't think anyone does. There are certain moves that always work for me, but those don't happen every day and well ... I don't like to wait long periods for those set ups, and since I have a life and not going to trade 24/6 - 100% for me just isn't there unless either: a. I keep at it and continue learning, or b. skunny takes me under his wing.

I manage my risk using at least +1Rr on my trades - minimum! Maybe someday I can get into the upper 90 percentile of wins and be able to trade full time and make profits that actually pay more than my electric bill and time spent trading. I have a very tiny account. My best advice as said before is to use fibs to follow price and if you pay attention you'll get a lot better at price action trading - using the fib as your guide for targets and with at times, some very generous Rr. My EurCad trade short and then long are great examples. After doing this for SEVERAL YEARS - you will likely start seeing some graily stuff with your fibs. To the 2 newbies that PM'd me (not talking bout the person who PM'd and said they're doing well with fibs ) - this is the truth of it. What Skunny did was get us interested in fibs and focusing on price. As in this thread, he shared "ideas" to get us looking at things. Skunny didn't hand anything over and I don't think anyone else will either.
The market is like the matrix - it is you that must learn to bend
  • #7,469
  • Oct 26, 2011 3:46pm Oct 26, 2011 3:46pm
These ARE NOT coincidence nor were they pulled AFTER THE FACT !!!
Attached Images
The market is like the matrix - it is you that must learn to bend
  • #7,470
  • Oct 26, 2011 4:01pm Oct 26, 2011 4:01pm
You want a target I'll give you one. I'm not Thom so take it for what it is. I won't trade it anyhow, unless my Rr is at least +1.

EurUsd long to 1.3938
The market is like the matrix - it is you that must learn to bend
  • #7,471
  • Oct 26, 2011 7:14pm Oct 26, 2011 7:14pm
Quoting GridTrader
.............After doing this for SEVERAL YEARS - you will likely start seeing some graily stuff with your fibs. ............ What Skunny did was get us interested in fibs and focusing on price. As in this thread, he shared "ideas" to get us looking at things. Skunny didn't hand anything over and I don't think anyone else will either.
Hey Griddy - a great post. I rarely check in and was glad to see you. I appreciate you being honest to the members here. I don't trade 100%, but like you I try to get better each day too.

I can't believe it's been over a year since I posted last, so here is a trade report from today 8am to 11am. I hope this will help some members that are considering Fibonacci as a method. The report indicates one contract per trade; so if someone trades additional contracts as I usually do, then both the profit and the drawdown would increase accordingly. The Rr of 3.29 is better than the trade starts. i.e. the Rr is worse at the beginning of the trade and then the SL is trailed. Each tick is $10 (oil futures), so 177 ticks (gross before futures commission) and a drawdown on one trade of 13 ticks. At the bottom you'll note Average MAE (maximum adverse excursion) of 9 ticks per trade.

This is an average report for me; some days are better, some worse. In each of the losses I know exactly what I did wrong, but in the speed of trading I make mistakes.
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  • #7,472
  • Oct 26, 2011 7:38pm Oct 26, 2011 7:38pm
Couldn't resist...

Inserted Video



Quoting Doc_holiday
Have to get some CHICKEN titties on that one



Toodles
  • #7,473
  • Oct 26, 2011 8:28pm Oct 26, 2011 8:28pm
Quoting PiPr Pro
Hey Griddy - a great post. I rarely check in and was glad to see you. I appreciate you being honest to the members here. I don't trade 100%, but like you I try to get better each day too.

I can't believe it's been over a year since I posted last, so here is a trade report from today 8am to 11am. I hope this will help some members that are considering Fibonacci as a method. The report indicates one contract per trade; so if someone trades additional contracts as I usually do, then both the profit and the drawdown would increase accordingly. The...
Hey Pipr...

Great post too!

To anyone interested in this stuff.....believe me.....this gent is the real deal. A word to the wise is sufficient. Those not so wise would best be advised to check out the thread on the newest 5 indi/MA crossover method.

Be smart gang. Nobody will hand you stuff here. But the info is out there. All that needs be added is TIME. Most that I know of working this stuff from the early days have been at it for close to 4 years. Same time as a college degree. Not a bad "degree" to produce a statement like the one shown here.....IMHO!


(P.S. Griddy.....sorry for PMing you!!!!!! LOL!!!)
  • #7,474
  • Edited 8:47pm Oct 26, 2011 8:35pm | Edited 8:47pm
Thanks man! Good to see you here too!! Take a few digits off the statement there and it will look like mine ... haha !

People, PiPr Pro is one of the most honest and stand up guys I've had the personal honor to both trade with and meet in person. What he is showing is the real deal and how using fibs can give you the potential to be profitable time and time again. Whether or not you're willing to invest the time to get there is up to you.

EDIT: FYI - the above is directed at any one new coming in or old who gave up. Some of you are so close its gonna bite ya.
The market is like the matrix - it is you that must learn to bend
  • #7,475
  • Oct 26, 2011 8:37pm Oct 26, 2011 8:37pm
Quoting GridTrader
You want a target I'll give you one. I'm not Thom so take it for what it is. I won't trade it anyhow, unless my Rr is at least +1.

EurUsd long to 1.3938
As they would say back at trade school ... this one was worth AT LEAST 5 Skunny moons !! HAHAHA
http://news.preisgenau.de/wp-content...pe_mooning.gifhttp://news.preisgenau.de/wp-content...pe_mooning.gifhttp://news.preisgenau.de/wp-content...pe_mooning.gifhttp://news.preisgenau.de/wp-content...pe_mooning.gifhttp://news.preisgenau.de/wp-content...pe_mooning.gif
The market is like the matrix - it is you that must learn to bend
  • #7,476
  • Oct 26, 2011 8:49pm Oct 26, 2011 8:49pm
Quoting Brunite
(P.S. Griddy.....sorry for PMing you!!!!!! LOL!!!)
At first I was thinking huh? I don't have a PM from you. Took me a second. LOL!
The market is like the matrix - it is you that must learn to bend
  • #7,477
  • Oct 26, 2011 8:56pm Oct 26, 2011 8:56pm
Quoting GridTrader
At first I was thinking huh? I don't have a PM from you. Took me a second. LOL!
Sorry for confusing you! Bad enough that I do that to myself often enough!

BTW....nice trade/charts/calls.
  • #7,478
  • Oct 27, 2011 1:56am Oct 27, 2011 1:56am
Quoting GridTrader
..... After doing this for SEVERAL YEARS - you will likely start seeing some graily stuff with your fibs. To the 2 newbies that PM'd me (not talking bout the person who PM'd and said they're doing well with fibs ) - this is the truth of it. What Skunny did was get us interested in fibs and focusing on price. As in this thread, he shared "ideas" to get us looking at things. Skunny didn't hand anything over and I don't think anyone else will either.
Hey Grid,

Great to hear from you and that you're doing well!

To everyone learning fibs: it does take you many many hours of screen time before things slowly start to make sense. The best thing you can do for yourself is to stop treating the fib as a trade and to start using it for projection and possible direction. I think everyone who has tried can confirm that trading breakouts/triggers is not going to work, so you need a plan. Fib trigger == setup, and now you need an entry that will give you the Rr for the winrate your fib setup offers. That's why you need so many hours, because without it you won't know (or have confidence in) how your fib pull performs over time.

It's been said before, but there is no magical fib pull (and if there is it may not be worth the effort), the grail is you. Not fibs, you.

B.t.w. first post after 4+ years of lurking around

Cheers,
Nico
  • #7,479
  • Edited 6:39am Oct 27, 2011 5:45am | Edited 6:39am
Quoting fibonico

It's been said before, but there is no magical fib pull

Cheers,
Nico
REEEEAAALLYYY !!!! (picture Jim Carey)

And who said this?


Definition of Magical....

mag·i·cal adj.
1. Of, relating to, or produced by magic.
2. Enchanting; bewitching: a magical performance of the ballet.


mag·ic n.
1. The art that purports to control or forecast natural events, effects, or forces by invoking the supernatural.



I find every fib pull magical, enchanting and a decent forecaster of events.


Egg


EDIT: Sorry..was just thinking.... why SUPERNATURAL...... why not just NATURAL.
  • #7,480
  • Oct 27, 2011 6:18am Oct 27, 2011 6:18am
Quoting fibonico
B.t.w. first post after 4+ years of lurking around

Cheers,
Nico
Nico,

After knowing you for 4 years.....I never even realized you had not ever posted here! Pretty funny!

Anyway.....

Cya around soon!
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