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Indicator Free Trading - Skunny

  • #7,661
  • Jan 11, 2012 2:37pm Jan 11, 2012 2:37pm
I plan to start looking for some downward swings if price makes it to the .80111ish level.
  • #7,662
  • Jan 11, 2012 6:50pm Jan 11, 2012 6:50pm
Quoting Checkz
I plan to start looking for some downward swings if price makes it to the .80111ish level.
Yes, looks like PA has maxed out for awhile. Maybe it's the Europeans turn...

Well done today w the long NU trades. Feels good having a crystal ball to trade w, eh?
  • #7,663
  • Jan 12, 2012 8:28am Jan 12, 2012 8:28am
Quoting Checkz
Small trades can produce big Money!!!!!
Only for people who understand how to size a trade correctly and don't think that Money Management is JUST about controlling their losses.
20 pips a day isn't too much to ask . . .
  • #7,664
  • Jan 12, 2012 8:31am Jan 12, 2012 8:31am
Quoting RaptorUK
Only for people who understand how to size a trade correctly and don't think that Money Management is JUST about controlling their losses.
I think the biggest issues are knowing how to draw the fibs correctly and knowing why a fib failed to reach it's target.
  • #7,665
  • Jan 12, 2012 11:06am Jan 12, 2012 11:06am
Quoting bartstop
I think the biggest issues are knowing how to draw the fibs correctly and knowing why a fib failed to reach it's target.
Quite a different subject . . .

The biggest issue is people don't know how to test and have no concept of what constitutes consistency . . . they try a dozen pulls and they think they have it figured out. Even Sizz/Thom could maybe get 12 pulls correct . . .
20 pips a day isn't too much to ask . . .
  • #7,666
  • Jan 12, 2012 3:02pm Jan 12, 2012 3:02pm
Quoting RaptorUK
Quite a different subject . . .

The biggest issue is people don't know how to test and have no concept of what constitutes consistency . . . they try a dozen pulls and they think they have it figured out. Even Sizz/Thom could maybe get 12 pulls correct . . .
I think it was 11 actually Rap.
Keep smiling
  • #7,667
  • Jan 12, 2012 3:08pm Jan 12, 2012 3:08pm
What is this? The British invasion?

Where's Paul Revere when you need him?
  • #7,668
  • Jan 12, 2012 3:18pm Jan 12, 2012 3:18pm
Here he is.

Attached Image


You can relax now.
Keep smiling
  • #7,669
  • Jan 12, 2012 9:38pm Jan 12, 2012 9:38pm
Hello there 3dog it has been a while. I'm sure I speak for everyone when I say we would love any insight or hints or anything else you may want to say. I hope this will be the year that we get a little more help. I have to say that I review posts from 3dog and gridtrader religiously thanks for the input. And for the man himself mr. skunny thank you for deciding to start this thread it has truly been a blessing. Lets see some charts guys lol
  • #7,670
  • Jan 13, 2012 12:28am Jan 13, 2012 12:28am
Quoting Misterdaz
I think it was 11 actually Rap.
I was being kind . . . yes even now I can try to be kind to Sizz.
20 pips a day isn't too much to ask . . .
  • #7,671
  • Jan 13, 2012 6:42am Jan 13, 2012 6:42am
Is eurusd headed to 1.2664 because it failed to hit the 382 extension at 1.2893?
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  • #7,672
  • Edited 7:14am Jan 13, 2012 6:58am | Edited 7:14am
Keep an eye on 1.2660.

EDIT: Pushed through it. If 1.2622 breaks, expect 1.2525
  • #7,673
  • Jan 13, 2012 7:11am Jan 13, 2012 7:11am
Didn't take long. Bartstop, can you share your point of view? I'd like to think my fib was right, but maybe just luck.
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  • #7,674
  • Jan 13, 2012 7:55am Jan 13, 2012 7:55am
Quoting bartstop

EDIT: Pushed through it. If 1.2622 breaks, expect 1.2525

Holding for now...........
Attached Image
  • #7,675
  • Jan 14, 2012 9:12am Jan 14, 2012 9:12am
Quoting bartstop
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...
All cycles end at 138. You see it stop at other levels is the reason why because you are not playing the correct court. Fibbing different timeframes is one way to identify the court, playing, you are. Used to triangulate those courts, fibs are. Yeesssssss.

c138
  • #7,676
  • Jan 14, 2012 9:24am Jan 14, 2012 9:24am
Quoting cycle138
All cycles end at 138. You see it stop at other levels is the reason why because you are not playing the correct court. Fibbing different timeframes is one way to identify the court, playing, you are. Used to triangulate those courts, fibs are. Yeesssssss.

c138
What about post 137? Skunny showed this chart and said the move was over but he used the 162 instead of the 138.
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  • #7,677
  • Jan 14, 2012 9:30am Jan 14, 2012 9:30am
Quoting ak47dan2004
What about post 137? Skunny showed this chart and said the move was over but he used the 162 instead of the 138.
The same, 138 and 162 is. 138 of another cycle, 162 is. Just a ratio, fibonacci is.

c138
  • #7,678
  • Jan 14, 2012 9:36am Jan 14, 2012 9:36am
That honestly makes sense thank you. This is something I always was wondering because I remember when skunny said that the 162 becomes irrelevant down the the road. Thank you for the answer cycle 138 and anything else you may be willing to help us with. Even though your posts are short they really do help. Is there anything you can say about advanced fibbing that we havent been shown?
  • #7,679
  • Jan 14, 2012 10:01am Jan 14, 2012 10:01am
Quoting ak47dan2004
That honestly makes sense thank you. This is something I always was wondering because I remember when skunny said that the 162 becomes irrelevant down the the road. Thank you for the answer cycle 138 and anything else you may be willing to help us with. Even though your posts are short they really do help. Is there anything you can say about advanced fibbing that we havent been shown?
You have been shown any advanced fibbing not, so say anything about it I cannot. Herh herh herh. Needed to figure it out, skunny/cycle62 has shown everything that is. Direct, some are, others hidden. Important, only skunny's posts and charts are, noise, everything else is. It from a different perspective look at. See the fib as a magical tool, do not, as measuring s/r it is.

Skunny/cycle62 did show you how to trade it not, but to setup your chart showed you how. To trade it infinite ways. Just because your fib fails, means not you cannot make money.

c138
  • #7,680
  • Jan 14, 2012 10:11am Jan 14, 2012 10:11am
I've always been baffled as to why price pulls in at the 138 as it is not part of the natural expansion, ie the golden ratio 61.8. it just doesnt fit the maths, but mine is not to reason why.

I have been doing exactly what C138 has suggested and gone back to the beginning of the thread and concentrated on just the Skunny posts. I have also found fibbing H1 charts a lot more conducive to correct fibbing, if I am correctly fibbing that is.

Maybe a month on Dagobah would help, R2, prep the ship.

Daz.
Keep smiling
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