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Indicator Free Trading - Skunny

  • #8,121
  • Mar 4, 2012 1:13pm Mar 4, 2012 1:13pm
Quoting bartstop
Rob, when you say 3 tp's, do you mean 138.2, 150, 161.8?





Dave
Bart stop posting only a small section of your chart.

LOL

K.I.S.S.
  • #8,122
  • Mar 4, 2012 1:22pm Mar 4, 2012 1:22pm
Quoting KissFan
Bart stop posting only a small section of your chart.

LOL

K.I.S.S.
Sorry Rog. Here, this one is more like your charts.



Dave
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  • #8,123
  • Mar 4, 2012 1:39pm Mar 4, 2012 1:39pm
Quoting bartstop
Sorry Rog. Here, this one is more like your charts.



Dave
Now I can read THAT perfectly! By the looks of this chart you believe the pair completed wave D of the proposed weekly (B) wave triangle @ 1.5232. You also are illustrating that the rally from 1.5232 – 1.5931 was in 5 waves and completed w.(a) of E. Dip to 1.5643 complete wave a of (b), 3 wave rally to 1.5991 was wave b of (b) and now you see that the pair is headed lower to test the range low (1.5650) or even make new lows to about 1.5582 to complete a FLAT correction for wave (b) of E before resuming the rally toward an ideal objective of 1.61 – 1.62. Furthermore you have revealed on this chart that this would complete the weekly (B) wave triangle and should start a large move down in the pair.

I can also see that short term you believe that there is potentially more downside for cable to about 5819 so looking for a pullback at least to the 5900 area before considering a trade to that target. So a wait and see unless you are already short. Of course a gap down at the open can change this view slightly. hahahaha

...and some people think my carts are too cluttered. Go figure.



K.I.S.S.
  • #8,124
  • Mar 4, 2012 4:00pm Mar 4, 2012 4:00pm
Quoting KissFan
Now I can read THAT perfectly! By the looks of this chart you believe the pair completed wave D of the proposed weekly (B) wave triangle @ 1.5232. You also are illustrating that the rally from 1.5232 – 1.5931 was in 5 waves and completed w.(a) of E. Dip to 1.5643 complete wave a of (b), 3 wave rally to 1.5991 was wave b of (b) and now you see that the pair is headed lower to test the range low (1.5650) or even make new lows to about 1.5582 to complete a FLAT correction for wave (b) of E before resuming the rally toward an ideal objective of 1.61...


Wow Rog. That was...........deep. :nerd:



Inserted Video




LOL.



Dave
  • #8,125
  • Mar 6, 2012 2:33am Mar 6, 2012 2:33am
greetings all

i discovered this thread a couple of years back, felt like i got the mindset, was walking my Fibs, etc. and had some success with it. I am grateful to Skunny, Bo, and the other posters here for passing on the idea of using the Fib as a measuring tool.

i am doing some manual backtesting and am having trouble with a particular Fib at the top of a market. seems that it hits the 127 but doesnt extend to the 138, stopping just past the 76% internal Fib of the larger daily swing. I understand price may stop at the larger swing points, but this seems a little odd. any tips on how people might play this move, or how to protect capital in this case, etc. are appreciated.

note- the gray boxes show 00:00 to 23:59 daily. my broker's winter time is GMT+2.
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  • #8,126
  • Mar 6, 2012 6:18am Mar 6, 2012 6:18am
What pair is this?

K.I.S.S.


Quoting djarum11
greetings all

i discovered this thread a couple of years back, felt like i got the mindset, was walking my Fibs, etc. and had some success with it. I am grateful to Skunny, Bo, and the other posters here for passing on the idea of using the Fib as a measuring tool.

i am doing some manual backtesting and am having trouble with a particular Fib at the top of a market. seems that it hits the 127 but doesnt extend to the 138, stopping just past the 76% internal Fib of the larger daily swing. I understand price may stop at the larger swing points,...
  • #8,127
  • Mar 6, 2012 12:18pm Mar 6, 2012 12:18pm
Quoting bartstop
I know Light Sweet Crude isn't discussed here much but I think it has topped out. I have a short target of 69.64.

I'm sure once Israel blows up an Iranian nuke facility or two, my fibs will go to chit. LOL.



Dave

Down she goes.
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  • #8,128
  • Mar 6, 2012 1:20pm Mar 6, 2012 1:20pm
Quoting bartstop
Down she goes.
I think the Israelis might fix that if they get their way.

Daz.
Keep smiling
  • #8,129
  • Mar 6, 2012 1:24pm Mar 6, 2012 1:24pm
Quoting KissFan
What pair is this?

K.I.S.S.
Judging by the chart filename, it's EU
20 pips a day isn't too much to ask . . .
  • #8,130
  • Mar 6, 2012 5:23pm Mar 6, 2012 5:23pm
Quoting RaptorUK
Judging by the chart filename, it's EU
LOL You Brits think of everything don't you?

K.I.S.S.
  • #8,131
  • Mar 6, 2012 5:35pm Mar 6, 2012 5:35pm
Quoting KissFan
LOL You Brits think of everything don't you?

K.I.S.S.
Actually no. My daughter is here because I overlooked something but I love here anyway and she makes a great bacon sandwich.
Keep smiling
  • #8,132
  • Mar 7, 2012 12:15am Mar 7, 2012 12:15am
yes EU sorry i was AWOL

i am finding that often the daily hi & low act as S/R but sometimes a swing overlaps into the previous (or next) day, thus you must Fib the swing on an H1 chart to see more detail.

the circled area in the chart was the swing high and produced good fibs (in 2 different ways--see 2nd & 3rd charts). just Fibbing the Monday candle however would have produced a false upside BO on Wednesday.

in studying this i am curious as to how to anticipate this type of thing. any enlightenment is welcome.

best regards all
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  • #8,133
  • Mar 12, 2012 8:14pm Mar 12, 2012 8:14pm
anybody here? has discussion moved to a new thread?
  • #8,134
  • Mar 15, 2012 9:15pm Mar 15, 2012 9:15pm
I like 1.3146. Anyone else?
  • #8,135
  • Mar 16, 2012 3:03am Mar 16, 2012 3:03am
Quoting bartstop
I like 1.3146. Anyone else?
At the moment Dave I am looking for 1.3122 but price got pretty close at 19 so that may have been it, for me. I'm waiting on that to see what happens.

Daz.
Keep smiling
  • #8,136
  • Mar 16, 2012 7:19am Mar 16, 2012 7:19am
Quoting bartstop
I like 1.3146. Anyone else?
Took the m15 BUOB bouncing off the 50 let's see what this friday trade gives
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Nothing is True, Everything is Permitted.
  • #8,137
  • Mar 16, 2012 8:13am Mar 16, 2012 8:13am
Quoting J.R. Cash
Took the m15 BUOB bouncing off the 50 let's see what this friday trade gives
Looks like you got your money JR.
Keep smiling
  • #8,138
  • Mar 22, 2012 3:20pm Mar 22, 2012 3:20pm
Hey, as anyone tried the FF Trade Explorer out? Looks kinda interesting for all you big swinging d1cks out there lol.

Daz.
Keep smiling
  • #8,139
  • Mar 22, 2012 7:33pm Mar 22, 2012 7:33pm
Quoting Misterdaz
Hey, as anyone tried the FF Trade Explorer out? Looks kinda interesting for all you big swinging d1cks out there lol.

Daz.

Mr D,

I do like swinging the alphabet!



Inserted Video
  • #8,140
  • Mar 23, 2012 2:05am Mar 23, 2012 2:05am
Quoting Brunite
Mr D,

I do like swinging the alphabet!



http://www.youtube.com/watch?v=pP3VAtGLQms
Thank you Brun, I now have a gauge on your mental age. Personally I'd have preferred if he spoke about solar radiation.

Daz.
Keep smiling
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