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Indicator Free Trading - Skunny

  • #7,641
  • Dec 7, 2011 5:33pm Dec 7, 2011 5:33pm
Quoting J.R. Cash
Maybe the asian session will provide the retrace; looking to (re)enter during london.

so... whatcha think ?

It's bumping up against resistance from a D1/H4 fib at 1.5716. Higher time frame interference can make your fib fail.

http://www.forexfactory.com/showthre...91#post1760991



Dave
  • #7,642
  • Dec 8, 2011 5:41am Dec 8, 2011 5:41am
Quoting bartstop
It's bumping up against resistance from a D1/H4 fib at 1.5716. Higher time frame interference can make your fib fail.

http://www.forexfactory.com/showthre...91#post1760991



Dave
You are probably referring to pic1.

Yeah I know what the MAN said; but often times I have two fibs pointing in different directions like pic2. Here they do not invalidate each other but what's to do when they do? I guess we have to develop a feel for what price is to do... for eg look at recent pa on H1 and H4 - the long up candles closing on the high is what biased me long... i might be wrong though change my mind in a min and go short depending on what price is doing, to what fib level is reacting and other things... something i'm still trying to master.
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Nothing is True, Everything is Permitted.
  • #7,643
  • Dec 22, 2011 4:38am Dec 22, 2011 4:38am
Merry Christmas Skunny!!!!!!!
  • #7,644
  • Dec 29, 2011 4:49pm Dec 29, 2011 4:49pm
Ok, this question is for Skunny, Cycle62, Cycle138, Brunite, Gridtrader, 3dog or whoever is in the know.

In my backtesting, I've seen swings end perfectly on the 138. I've seen them end perfectly on the 161. I've also seen them end somewhere in between. We know that larger timeframe fibs rule the smaller ones so I'm assuming that has something to do with it. I just want someone to clear this up for me. Do all swings end on the 138, do they sometimes push past before price reverses (as I believe they do)?

PM me if you don't want to answer in a public forum.


Thanks.



Dave
  • #7,645
  • Jan 2, 2012 7:13pm Jan 2, 2012 7:13pm
Inserted Video
  • #7,646
  • Jan 5, 2012 2:42am Jan 5, 2012 2:42am
Wouldn't be right to disrespect this thread for the new year and not give my thanks here.

Cycle? I'm not 100% sure. 90% sure maybe.....

Quoting GridTrader
Anyone trade Gold? This is a weekly chart - a time frame I haven't tested enough yet. So lets call this a short "possibility" currently sitting above or near +1Rr. Green box is the target range....
Too bad I didn't trade this but whatever a cycle might be, Gold seemed to like it.
I had a pro trader tell me a prudent trader would not take my Gold short. Additionally 92%
of FF was long biased on Gold .... so FF Market Sentiment means little I guess

happy new years Skunny !!
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The market is like the matrix - it is you that must learn to bend
  • #7,647
  • Jan 5, 2012 2:46am Jan 5, 2012 2:46am
UsdCad Long ?
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The market is like the matrix - it is you that must learn to bend
  • #7,648
  • Jan 5, 2012 7:04am Jan 5, 2012 7:04am
Quoting GridTrader
UsdCad Long ?
Nice one Grid.
Keep smiling
  • #7,649
  • Jan 5, 2012 7:10am Jan 5, 2012 7:10am
I have a short target at 1.0005.
  • #7,650
  • Jan 9, 2012 9:57am Jan 9, 2012 9:57am
Quoting Skunny
Ok, I'm done for the day, I'm off to jury duty (hang'em)

I did work today from 4am-7am CST. So don't call me lazy. I cleared an amazing 37 pips during this very volatile market(not).

And oddly enough, it was done without indicators and I traded 100%. So, it is possible....lol.

Sometimes you only get little tiny trades
Anybody remember Skunnys small trades?
  • #7,651
  • Jan 9, 2012 10:19am Jan 9, 2012 10:19am
Quoting Skunny
Keeping it simple means to stay off long term trades, you don't need to know where it might end up in 3 weeks.When you create a fib range price can retrace anywhere in that range, this could be hundreds to thousands of pips. You would need to enter the market in "hedge fashion" if you are going to concentrate on getting a large move.


Here is an example of support and resistance setting up on 2 hourly candles. Each candle marked clearly shows that one candle found support while the other found resistance.

If you want to know where price...
Small trades can produce big Money!!!!!
  • #7,652
  • Jan 9, 2012 11:08am Jan 9, 2012 11:08am
Quoting Checkz
Small trades can produce big Money!!!!!
You are so right Checkz I think some people are ego driven and like to see 100's and 100's of pips. It's funny Checkz because we see eachother in different threads but we always seem to come back to this thread. I think I've read it at least 7 times in the past 3-4 years. This thread if the only reason I visit FF now a days. How is you journey with fibs been?
  • #7,653
  • Jan 9, 2012 11:28am Jan 9, 2012 11:28am
Quoting ak47dan2004
You are so right Checkz I think some people are ego driven and like to see 100's and 100's of pips. It's funny Checkz because we see eachother in different threads but we always seem to come back to this thread. I think I've read it at least 7 times in the past 3-4 years. This thread if the only reason I visit FF now a days. How is you journey with fibs been?
Sup Ak47, I re-read this thread alot myself because I enjoy the mystery in it lol. My fib journey has not been the greatest but I keep on going. Today for some odd reason I started paying close attention to the 2 candle 1 hour setups and I started wondering how productive just taking those types of trades would be. Its good to see you here. I wish everyone would have hung around to unlock the secrets of skunnys riddles but it seems like everyone has either firgured it out and left or just moved on. Anyway I still like to hang around. I also noticed that Skunny has been showing up latley on FF so maybe he will one day show us who are still here the way.
  • #7,654
  • Jan 9, 2012 1:12pm Jan 9, 2012 1:12pm
I started drawing fibs from the green to the red fractal after 1/3/2012 which produced 5 winners and 1 loser. This is trade #7, lets see what it will produce!!!
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  • #7,655
  • Jan 9, 2012 1:44pm Jan 9, 2012 1:44pm
Trade#7 produced a winner
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  • #7,656
  • Jan 9, 2012 4:05pm Jan 9, 2012 4:05pm
Trade #8 setup
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  • #7,657
  • Jan 9, 2012 7:45pm Jan 9, 2012 7:45pm
Trade #8 produced a winner!!!!!
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  • #7,658
  • Jan 10, 2012 7:29am Jan 10, 2012 7:29am
Good Morning Everyone, This is Trade #9 setup
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  • #7,659
  • Jan 11, 2012 11:39am Jan 11, 2012 11:39am
  • #7,660
  • Jan 11, 2012 3:12pm Jan 11, 2012 3:12pm
Trade #9 finally produced a winner. I guess I will stop posting all these charts since no one really comes here anymore. I just wanted to show you guys some profitable charts using the Skunny fib.
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