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Indicator Free Trading - Skunny

  • #8,101
  • Feb 29, 2012 6:51pm Feb 29, 2012 6:51pm
Quoting Checkz
I just pulled this fib on the Usd/Cad 1hr and from this fib I am expecting a up move!!!
In its current position a break of 9909 and a pull back to confirm the trade would give you about 24 - on a straight forward fib that just so happens to work in this case.
Robonacci com
  • #8,102
  • Feb 29, 2012 8:20pm Feb 29, 2012 8:20pm
Quoting Skunny
In its current position a break of 9909 and a pull back to confirm the trade would give you about 24 - on a straight forward fib that just so happens to work in this case.
I should also add that there is an open short target at 9923
Robonacci com
  • #8,103
  • Feb 29, 2012 8:44pm Feb 29, 2012 8:44pm
Quoting Skunny
In its current position a break of 9909 and a pull back to confirm the trade would give you about 24 - on a straight forward fib that just so happens to work in this case.
  • #8,104
  • Mar 1, 2012 4:56am Mar 1, 2012 4:56am
Quoting Skunny
I should also add that there is an open short target at 9923
to 9785? that's a right beauty
Nothing is True, Everything is Permitted.
  • #8,105
  • Mar 1, 2012 9:37am Mar 1, 2012 9:37am
Quoting J.R. Cash
to 9785? that's a right beauty
LOL thanks J.R. - clearly a typo 9823 and now i can add 9809
Robonacci com
  • #8,106
  • Mar 1, 2012 9:55am Mar 1, 2012 9:55am
Quoting Skunny
LOL thanks J.R. - clearly a typo 9823 and now i can add 9809
Haha I suspected a typo; you said 'at' so I thought u have your trigger at that level lol

9809 huh, I guess i'm thinking too big; I can see even a 9799 pierced respected the fib then repierced
Nothing is True, Everything is Permitted.
  • #8,107
  • Mar 1, 2012 4:56pm Mar 1, 2012 4:56pm
Quoting J.R. Cash
Haha I suspected a typo; you said 'at' so I thought u have your trigger at that level lol

9809 huh, I guess i'm thinking too big; I can see even a 9799 pierced respected the fib then repierced
One needs to happen before the other. A ttp target means there is no more.
Robonacci com
  • #8,108
  • Mar 1, 2012 5:05pm Mar 1, 2012 5:05pm
Quoting Skunny
One needs to happen before the other. A ttp target means there is no more.
Unless the TTP gets pierced?

Daz.
Keep smiling
  • #8,109
  • Mar 2, 2012 4:02am Mar 2, 2012 4:02am
Quoting Skunny
One needs to happen before the other. A ttp target means there is no more.

When you say "No More" ?

Are you really saying, no more for now ?
  • #8,110
  • Mar 2, 2012 5:32pm Mar 2, 2012 5:32pm
Quoting Eggster
When you say "No More" ?

Are you really saying, no more for now ?
no im saying there is no commitment
Robonacci com
  • #8,111
  • Mar 2, 2012 5:41pm Mar 2, 2012 5:41pm
Quoting Eggster
When you say "No More" ?

Are you really saying, no more for now ?
The way I understand it, Skunny please forgive me if I'm wrong, is the future possible targets you did have are not on if price TTP's on a closer target, unless of course price turns back around and busts on through the TTP.

If price ttp's, turns around and triggers new targets in the other direction then I (personally) would be following them.

That's just me.

Daz.
Keep smiling
  • #8,112
  • Edited 8:03am Mar 3, 2012 7:35am | Edited 8:03am
Quoting Skunny
LOL thanks J.R. - clearly a typo 9823 and now i can add 9809
Say Mr. Onacci, 9903 gets breached would that 9809 setup still be good with you?



EDIT: also can you see the AU H1 short setup to 1.0675? need a pierce and a retrace though
Nothing is True, Everything is Permitted.
  • #8,113
  • Mar 3, 2012 7:38pm Mar 3, 2012 7:38pm
I really struggled with this being a top on the hourly and missed the short here instead choosing to trade short on cable. Looking back now, I will be more discipined in keeping track of the D1 of all the pairs I look at. In this case, the D1 was pinged in a very convincing way to show a reversal. Within 6 pips on D1 is good enough for me especially when you take into account that the swing has run over 800 pips. I feel strongly that there are other ways to see where price is likely to turn but I have not yet discovered them.

K.I.S.S.
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  • #8,114
  • Mar 4, 2012 6:48am Mar 4, 2012 6:48am
Quoting Misterdaz
The way I understand it, Skunny please forgive me if I'm wrong, is the future possible targets you did have are not on if price TTP's on a closer target, unless of course price turns back around and busts on through the TTP.

If price ttp's, turns around and triggers new targets in the other direction then I (personally) would be following them.

That's just me.

Daz.
I'm gonna answer a few questions - but one answer always leads to another question...and it should. Unfortunately I can't spend the energy needed to answer all the questions you might have - I have gone down this road before and it doesn't end well for me. (hope you understand)

So - in short - not every target needs to be hit - every target I confirm will hit - some will hit ttp and reverse and some may go a few pips past and reverse - some targets have 3 tp's - some have only 1 - BUT if it hits ttp it gives me a great deal more information then when it doesn't. There is no specific recipe because each tick is just a result of or a recording of a natural movement from which all things obey - it is because of our ability to chart information that we can see these movements. As traders it is our job to figure out the best way to reveal those movements in real time. Sometimes we need to be creative.


BTW I'm going to try to post "live" on my blog this week- so feel free to check in and see if your charts are moving the same as mine. It doesn't refresh itself fyi.

Rob
Robonacci com
  • #8,115
  • Mar 4, 2012 6:51am Mar 4, 2012 6:51am
Quoting J.R. Cash
Say Mr. Onacci, 9903 gets breached would that 9809 setup still be good with you?



EDIT: also can you see the AU H1 short setup to 1.0675? need a pierce and a retrace though
I have this pair marked for charting and I will try to post any trades that I take - maybe that will help - I had it set up on Friday but I cancelled it.

Rob
Robonacci com
  • #8,116
  • Mar 4, 2012 7:43am Mar 4, 2012 7:43am
Quoting Skunny
I'm gonna answer a few questions - but one answer always leads to another question...and it should. Unfortunately I can't spend the energy needed to answer all the questions you might have - I have gone down this road before and it doesn't end well for me. (hope you understand)

So - in short - not every target needs to be hit - every target I confirm will hit - some will hit ttp and reverse and some may go a few pips past and reverse - some targets have 3 tp's - some have only 1 - BUT if it hits ttp it gives me a great deal more information then...
Thanks Rob. It is sometimes difficult, once a trade is found, to post it quickly at the same time, especially on a smaller time frame. Good luck with that

Daz.
Keep smiling
  • #8,117
  • Mar 4, 2012 8:51am Mar 4, 2012 8:51am
Rob, against my better judgement I will ask you a question and yes I know you don't wanna get bogged down in this kinda stuff again, but if I don't ask, I don't get.

What confirms a trade for you? This is the golden question. I don't want your setup as I know I'll be disappointed. Must there be an inner respect? That is my only question.

Daz.
Keep smiling
  • #8,118
  • Mar 4, 2012 11:12am Mar 4, 2012 11:12am
wow you guys still going.... amazing... Hi MrDaz
tradewith60
  • #8,119
  • Mar 4, 2012 11:53am Mar 4, 2012 11:53am
Quoting 60minuteman
wow you guys still going.... amazing... Hi MrDaz
Hi Daz.

Daz.

Lol.
Keep smiling
  • #8,120
  • Edited 9:01pm Mar 4, 2012 12:57pm | Edited 9:01pm
Quoting Skunny
So - in short - not every target needs to be hit - every target I confirm will hit - some will hit ttp and reverse and some may go a few pips past and reverse - some targets have 3 tp's - some have only 1 - BUT if it hits ttp it gives me a great deal more information then when it doesn't. There is no specific recipe because each tick is just a result of or a recording of a natural movement from which all things obey - it is because of our..............



Rob

Rob, when you say 3 tp's, do you mean 138.2, 150, 161.8?





Dave
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