Indicator Free Trading - Skunny

Hi Dan. I’m with you on this one. I also don’t post much either but have read all of bobokus and skunny thread from beginning. I believe you have asked some great questions and I see nothing wrong with any of them. Where is the evidence that skunny students can now trade with profit I ask? From the 100 members he had in his trade group I see here many that say his teaching was either not very good or they come here asking questions still seeking more knowledge. Pipskateer is one example. He was a big part of the skunny group and is now following James 16 thread adding that he should of gone there a long time ago. Sounds like tradefibs did not work for him. The only evidence I see where joining may help traders are the posts and trade calls performed by brunite and gridtrader. Going back there are 2 posts in this thread showing some evidence of sucessful trading, one by piprpro and another one by gridtrader called candle whisper, but do we even know if these graphs are real or came from result of skunny's teaching? Of entire 100 why only these 2 or 3 traders?

Teachers like James 16 have many testimonials on his web page including hudnreds more right here on forexfactory. Perhaps skunny could share some testimonies of success with us by his group of students? I have not seen any to date other than those mentioned already. I believe asking for testimonials is a simple request and others if they are smart should be asking for the same. Brunite and gridtrader are the only traders of the entire group of 100 and to me that is not a very good percentage rate of success. People want proof and there is little of it here. Earlier in this thread sizzler seemed to suggest that one of the cycle guys was skunny. In the same reply sizzler also said skunny posted a failed trade call. Dan you said earlier cycle maniac posted a bad trade call too! I understand that trading without fail is impossible. I also think that out of 100 members there should be many more here to give skunny a good testimony. The small few by brunite and gridtrader are the only good I can see in this thread to give skunny merit. Skunny himself never posted a trade call here since this thread began and it has now been several years. So I ask an easy question once more for testimonials. Please, can you provide those for us?

Nothing against LetterBlack just a thought after reading the post.

I cannot answer for the tradefibs group.... but honestly .... how far has skeptisism ever gotten anybody.

Would you like:

a skeptical girlfriend
a skeptical boss
a skeptical friend

If you had one of those how long would you be happy in the relationship.

If you have all three I can bet you are pretty negative yourself. (I can feel the tension just writing this)

So now the way I see it, is like......

I don't believe sh*&*t you say... prove yourself.... then I will join you and continue to question everything you do and say.

If you make ONE bad call I will be back here so soon and tell the world how full of sh*&^t this all is!

Why would anyone want that?


As far as only 2-3 group members with what you question as "real graphs" (skeptisism again), I commend them for putting up with all the negativity....it is no wonder to me why any others do not post here. (at least under real names).


There now, my Monday morning thoughts... off my chest.


Time to walk the dog

Egg

No worries at all Dan - I'm glad you asked.

Egg,

Back in 2009 I searched the internet for claims made by vendors about their forex products. Here's a a sample of headlines from that list:

1. "BREAKTHROUGH: Unique, Revolutionary, Powerfully Effective Forex Trading System That's Shocking Professional Traders Around The World"
2. "Get A Forex Robot That Is Capable Of Doubling Your Money Every Single Month..."
3. "No Losing Trade Since 20th March 2009! November 30th, 2009 update: 1,593.26% NET Profit in the last 245 days! 1,933.59% NET Profit for 2009 (333 days)"
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5. "Earn like professionals do! ..... Use the system which made $400,000,000 Trading Profit last year"
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7. "Revealed: The Incredible Secrets of How A Highly Ranked Industry Insider And A Mathematician Developed The Auto-Pilot System That Turbo-Charged Profits And Brought An Entire Industry Crashing To Its Knees...."
8. "FOREX IS RISKY BUT, IF YOU HAVE OUR SYSTEM THEN FOREX IS GOLD MINE"
9. "I make tens of thousands of dollars a month trading the forex market.... Generating my own signals!"
10. "Devious Ex-Bank Trader Finally Reveals Top Secret System That Shook The World Markets & Netted $1.2 Million Overnight"
11. "A Breakthrough Automated Expert Advisor That Ravages Six Figures With Ease In The Markets. **FINALLY BEING MADE PUBLIC!"
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15. "Renegade Forex Trader Banks 123k in 60 days with New Forex Trading Software"
16. "Unique, Revolutionary, Powerful Forex Trend Indicator That's Amazing And Stunning Traders Around The World"
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18. "Finally: A ‘Secret’ Software For Everyone Who Secretly Suspects, In Their Heart, That There MUST Be A Way To Make Decent Profits from Trading Forex And 'Have A Life' At The Same Time..."
19. "...The Ultimate Forex Trading Winning Machine ...you can use this strategy to bank 100 to 300 pips in record time, with EXACT ENTRIES/EXITS!!!"
20. "At last, an astounding Forex trading system designed by an expert to help YOU make money from trading the largest market in the World."
21. "Forget Indicators, Expert Advisors, And All The Self Proclaimed Gurus. Making Money In Forex Is Much Easier Than It Seems..."
22. "Trader Invents A Secret Automatic 3 Step Mechanism To Trade The Forex Market – Industry Labels is Astonishing Discovery: “The Next Big Thing”... And Viciously Try To STOP Him From Exposing It To The Public!"
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24. "How To Trade The Forex Market With A Secret Trading Formula Only a Handful Of Traders Know."

You're right, I wouldn't want a skeptical boss or girlfriend. But when it comes to buying forex products, exercising a little skepticism can save you a lot of money.

Like me, you might know a particular educator, and have seen proof that he's profitable; but remember, to the rest of the world, every vendor is an unknown, and there's no easy way of sorting the wheat from the chaff.

David

You couldn't be more right LB........

Except for the fact I didn't have 100 paying members and the site wasn't created for live trading, nor was it a site where I was to reveal a trading system (like I am thinking about now) - it was a way to get out of the negativity of this environment that traders seem to create for whatever reason. The original site was created in an attempt to get people to see how the market actually moves - NO BODY was required to stay and pay and some members couldn't pay. The pay part was initially created to keep the serious negativity away long enough to get something positive done.


Since you think I was on the beach with a fancy umbrella drink in hand you might want to know I spent countless hours helping others (for free) and if your math was even close to correct it would have been break even at best for me. However since your math is incorrect it wasn't a break even for me.. unless I don't consider my time worth anything, and assuming I spent that money on a boat - then it would be a great deal and you would be correct.

This almost seems to obvious for me to continue to spend time and energy on, some will simply not get it and some will - I'm sorry but I'll have to chose to spend my remaining energy on those that get it or actually want to try and get it..... nothing personal.

LB - I'm sure the James thingy is great and I'm sure you don't need any help if it is so awesome, you sound like you got it all figured out - I would be happy to join your site if you want to share your knowledge with everyone....but I have yet to be invited

It's easy to pass negative judgement on people you don't know - anyone can do that successfully (in their own mind anyway). The tougher thing to do is use your own discernment for your own good while not closing yourself out of opportunity. Seems so many I have run into here cut their own throats and in the process ruin any chance for others as well. It is just sad, because they either do it on purpose or they are just plain ignorant to the effect they have on those actually trying to do something to the positive.

Please do not expect me to to reply to any more negative posts - it is like trying to teach a pig to sing - it will waste my time and annoy the pig. (yeah I know I used that before - but it says it all)

Skunny -

PS as far as cylclemaniac goes - I can guarantee he is a much better trader than 99.9% of all forex factory members (that includes you btw) so take it easy on his blown trade or post your results live for me to criticize - fwiw - he posted over 400 pips that week in private chat. Sometimes to be in the game you need to apply a few educated guesses that have you ending up at 75% success - and since he is almost always better than 1-1 r/r with his techniques it makes for great results.....again you need to do the math there as well.

I use all of those David - well except for a couple there I will throw up on my next scam job.

With respect, Rob, by assuming that my post was aimed at you, you've missed my point. I was simply responding to Egg's general comment about skepticism.

Don't get me wrong. I believe that knowledge is everything in this business, and that good knowledge is utterly priceless. Any educator who helps aspiring traders to attain profitability is worth every penny of his fee...... and arguably a whole lot more.

But the sad fact is, the vast majority sell snake oil, as is widely known.

I have a friend who's an extremely profitable trader, and also sells education, but he's received a real bagging on a couple of other forums, from uninformed folk who simply assume that he sells much the same junk as the vast majority. For better or worse, if you're selling anything, that's the kind of response that you must reasonably expect. People aren't necessarily being negative; their skepticism arises from having been previously scammed by others.

[EDIT] I just wanted to state publicly that I believe in you. I always did. I found your style of teaching frustratingly vague (and — given the way that markets operate — the "100% win rate is theoretically achievable" statement questionable, assuming that you use stoplosses), but I nonetheless sensed an honesty and wisdom behind your words that told me you were for real. Hence I've just given this thread a 5-star vote, which will hopefully help to promote it into the main commercial forum, where it should gain greater visibility.

Time for me to exit this thread for now.

Good luck,
David

Hey guys I thought it would be real nice to post a chart, haven't seen one around here for a while so here you go.



Daz.

Mr. Egg women are always bigger caution flag then forex.

Mr. Skunny. Why see my response as negative? You can see as positive instead. You are looking for 200 or 500 members. Testimonies would be opportunity for you to gather those numbers. Can you provide testimonies from your group of traders? This is only request I ask from you.

I got stopped at break even on my short on cable Darren. MACD is still diverging on the D1 Cable so I am looking at the 1.6064 spot for a possible short.

This is the most interesting chart for me at the moment. It is a bit idicatorful. Bought at the first pullback touch of the 150ema yesterday. There is some additional confluence there as well. Looking for 8277. Mucho resistance on the D1 at that 8277 level btw.

K.I.S.S.

Hi Misterdaz

How would/did you trade this chart ?

Take the break or wait for the pullback ?

Clyde

I know that no one likes a bragger but I am now up 2 pips for the week. hahahahah I'll have trouble spending all this extra coin by myself. I feel like Gaddafi must have felt in the late 80's as he had to keep pulling inward his "line of death" across the Gulf of Sidra. I hope that my next chart shows a tp acquisition and not a lesson in following the market the wrong direction lol.

So I believe I have a good spot to buy from again.

1. Lower TF short tp down there at the bottom (.8153)
2. Ascending TL touch at the same spot.
3. Divergence on the H1 (shown in black).
4. Old school resistance turned support.

Currently up 13 pips. I'll be dialing down tf's again if the low is broken but I think that I'd be looking at the 8114 spot for another reason to get long.

Hey man lol. No I threw any old chart up just for a bit of fun. Things were getting a bit serious so I thought I'd lighten the mood. Trading is serious of course but no reason why we can't smile now and then.

Trading wise I would prefer a pullback but you can always take a breakout with a tight stop. Depends on the mood eh? Lol.

Daz.

Here is another update in my Kiwi saga. If 8277 is my target, I am attempting to get long to that end. Here is what has happened since my last post. Remember I was up 2 pips. lol

1. Being up two pips I bought after the break of the BUOB and retrace. Looks like price heeded the first "trouble area" even reversing before a touch and dinged me for 11 pips. So now I am down 9 for the week.

2. Once I spied the BEOB form, I figured that price was likely to move down strongly so I shorted for plus 21 pips. Now I am up 12.

3. Up 12 pips for the week here and watching the BUOB at resistance for a break then substantial retracement for a long entry. Nothing to do now until price shows me someting either way.

Depending on the broker feed, I have alower tf target completion at 8123.

K.I.S.S.

Indicator free meets J16. I don't know all there is to know about either methodology. I do believe that what I do understand about each, assists me in making better trading decisions. J16 helps me identify safe targets and trouble areas. On this trade the "Indicator free" information led me in identifying levels to get back in long from the initial turn from 80.85.

Do I need to turn off the lights when I leave here?


K.I.S.S.

Here was a nice trade that hit the 1.382 using FxCompass method! I sure do miss that guy.

The gray line shows where the 0.382 was hit then the yellow line show where the 50 line got hit

Could you please explain what you mean by idicatorful?

He means there are a few Indicators on the chart . . . in contrast to the title of this thread . . . "Indicator Free Trading - Skunny"

indicatorful vs indicatorfree