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Indicator Free Trading - Skunny

  • #8,201
  • Apr 27, 2012 4:20am Apr 27, 2012 4:20am
Quoting RaptorUK
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
Thanks!
  • #8,202
  • Apr 28, 2012 11:08am Apr 28, 2012 11:08am
Quoting RaptorUK
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
Now that you have cleared that up; could you discuss the difference between experimenting and testing??


  • #8,203
  • Apr 30, 2012 5:09am Apr 30, 2012 5:09am
Quoting Brunite
Now that you have cleared that up; could you discuss the difference between experimenting and testing??


Well I could tell you . . . . but then I would have to kill you . . . and you live a long way away from me so that would be a little inconvenient to have to do . . .
20 pips a day isn't too much to ask . . .
  • #8,204
  • Apr 30, 2012 8:06am Apr 30, 2012 8:06am
Quoting Brunite
Now that you have cleared that up; could you discuss the difference between experimenting and testing??


I am experimenting with buying EUR CHF on dips and I am finding it very testing.

Daz.
Keep smiling
  • #8,205
  • Apr 30, 2012 12:24pm Apr 30, 2012 12:24pm
Quoting Misterdaz
I am experimenting with buying EUR CHF on dips and I am finding it very testing.

Daz.
Dips ? like mayo and tommy sauce ?
20 pips a day isn't too much to ask . . .
  • #8,206
  • Apr 30, 2012 12:33pm Apr 30, 2012 12:33pm
Quoting RaptorUK
Dips ? like mayo and tommy sauce ?
Yeah but not as tasty.
Keep smiling
  • #8,207
  • Apr 30, 2012 12:37pm Apr 30, 2012 12:37pm
Actually I've already made 20% doing this but the last week or so it's flatlined. I'm hoping it will touch 1.2000 and trigger the SNB.
Keep smiling
  • #8,208
  • Jun 14, 2012 3:17am Jun 14, 2012 3:17am
Quoting Skunny
One needs to happen before the other. A ttp target means there is no more.
It's been a long time since I last visited this site, glad to see it is still going. Could you explain to me what "ttp" stands for ? I don't recall seeing this when I was using the thread - years ago now!
  • #8,209
  • Jun 14, 2012 4:03am Jun 14, 2012 4:03am
Quoting seb123
It's been a long time since I last visited this site, glad to see it is still going. Could you explain to me what "ttp" stands for ? I don't recall seeing this when I was using the thread - years ago now!
Hi, I once asked the same question.

TTP = To the pip.

Daz.
Keep smiling
  • #8,210
  • Jun 14, 2012 4:21am Jun 14, 2012 4:21am
Quoting Misterdaz
Hi, I once asked the same question.

TTP = To the pip.

Daz.
Thanks, it's something I find happens a lot!
  • #8,211
  • Jun 14, 2012 4:27am Jun 14, 2012 4:27am
Quoting seb123
Thanks, it's something I find happens a lot!
You tease.
Keep smiling
  • #8,212
  • Jun 14, 2012 5:03am Jun 14, 2012 5:03am
Quoting Misterdaz
You tease.
haha, sorry didn't mean to. Check out eur/usd m5 chart, short move just closed exactly ttp at 1.25413 according to my chart!! Long fib triggered within existing h1 open fib.

seb
  • #8,213
  • Jun 14, 2012 5:10am Jun 14, 2012 5:10am
Quoting seb123
haha, sorry didn't mean to. Check out eur/usd m5 chart, short move just closed exactly ttp at 1.25413 according to my chart!! Long fib triggered within existing h1 open fib.

seb
It's nice to know some of you figured it out (I assume).

I'll have a look at EU.

Daz.
Keep smiling
  • #8,214
  • Jun 14, 2012 5:24am Jun 14, 2012 5:24am
Quoting Misterdaz
It's nice to know some of you figured it out (I assume).

I'll have a look at EU.

Daz.
Daz

Haven't exactly figured it out but I find I can apply some of what Skunny was trying to tell us, sometimes profitably, sometimes not!
The m5 eur/usd long trade just finished for combined pips of 6 + 13 (less costs), taking a 2nd entry on retracement. Wish it was always this easy.

seb
  • #8,215
  • Jun 14, 2012 5:39am Jun 14, 2012 5:39am
Quoting seb123
Daz

Haven't exactly figured it out but I find I can apply some of what Skunny was trying to tell us, sometimes profitably, sometimes not!
The m5 eur/usd long trade just finished for combined pips of 6 + 13 (less costs), taking a 2nd entry on retracement. Wish it was always this easy.

seb
Nice to have a couple of winners. I'll figure this one day, hopefully before the markets collapse lol.

Greek elections this weekend, could be some big gaps Sunday night and I don't mean in Greek tax bills!

Daz.
Keep smiling
  • #8,216
  • Jun 14, 2012 6:04am Jun 14, 2012 6:04am
Quoting Misterdaz
Nice to have a couple of winners. I'll figure this one day, hopefully before the markets collapse lol.

Greek elections this weekend, could be some big gaps Sunday night and I don't mean in Greek tax bills!

Daz.
Daz

Greek elections?? This may sound crazy but I make a point of not keeping up with what is going on, I find it puts me off and I make bad trading decisions. Sometimes the market does exactly the opposite to what you would expect. Almost every time I trade logically, taking note of the current situation I get my fingers burned.
Trading with the daily and h4 fibs keeps me inline, irrespective of external events.Take the Greek crisis earlier in the year, I took no notice and followed the daily and h4 fibs for the euro/usd, no problems, and all the long trades came off ok.

seb
  • #8,217
  • Jun 14, 2012 6:16am Jun 14, 2012 6:16am
Yes Seb I'm aware of that approach. News holds up price or helps it get to where it's going quicker, as long as you have your fibs in the right place eh? Haha.

Unfortunately market news and and events have a big impact on my job so I have to keep track of events if not for trading but just my general role.

The whole Greek/ Europe mess fascinates me anyway. I wonder how they will kick the can down the road this time?

Daz.
Keep smiling
  • #8,218
  • Jun 14, 2012 8:56am Jun 14, 2012 8:56am
For anyone who may be interested, the eur/usd in the m5 time frame just posted another nice profit, long trade - 11pips on fib trigger and a further 22 from retracement (less costs). Its very slow today, mainly sideways which is why I'm looking at the m5. Not always worth while but had 2 trades today with 52 pips total.
  • #8,219
  • Jun 14, 2012 9:08am Jun 14, 2012 9:08am
My h1 trade just completed, 13 pips(less costs). Not much but every little helps. Total today 65.
I've posted these few trades to try and show the doubting thomases that using fib works. You just have to be prepared to experience occasional large drawdowns. Not ideal but not impossible to do if you are careful and not over extended.

Just got to wait now for the next h1 fib.

seb
  • #8,220
  • Jun 23, 2012 12:01pm Jun 23, 2012 12:01pm
Quoting LetterBlack
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?

Dan, I agree with you 100% on the fact everyone has the right to ask questions and be skeptical. I found this thread several years ago when it was first created and have not posted here in ages. Let me get this out of the way first...I interacted in this thread and joined trade fibs when it was launched (paid site) and I had my personal differences with skunny. I involved myself in the drama that this thread became and that was very childish and wrong and for that and any statements I made that were out of line I make a public apology. I am sure there are those reading this who may not have any knowledge of this, but for those who do I apologize.

That being said, I still think that we can debate in a humane manner and further the discussion on some of the assertions made in this thread and have opinions. Opinions are not fact, but certainly true in the mind of those who hold them and we all have the right to give them here. It is my opinion that no one can trade 100% accurately. Even if you say that human intervention causes the losses, isn't that the point? We are, after all, humans here (I hope anyway). I do feel that one can trade with a high level of accuracy. My trading model has allowed me to profit on 75% of my trades over the last several years, but does that mean anything really, when compared to someone who wins 30% of their trades? Emphatically NO! The point is that it comes down to risk and money management and I know many new traders hate to hear those basic terms, but if you have a good RR ration on the winning trades, you can still make money over the long haul just winning 30% of the time. Even if many of us could have found a way to win 95% of our trades, we still would have botched it up due to our greed and mismanagement of our money during the 5% losses. IMO, searching for a 100% model is a pipe dream, frankly a waste of time and is impossible, but trading at a very high win rate is possible given the right model.

I think everyone has the right to ask any questions to someone who claims to have information that other's don't...when that person is offering help to the others. Skunny started this thread. He said it was against his better judgement, but he still did it so I think any questions into the discussion he started are warranted. However, I think personal attacks on both sides are wrong and we should know where to draw the line. As far as the Mark Cuban statement made by skunny to Dan...that Mark doesn't give away his billionaire knowledge to anyone who asks, here is the main difference...as far as I know Mark Cuban is not offering to help anyone learn what he knows by started a thread in an internet forum. We don't know if skunny has really attained the financial success as a well known Mark Cuban either. Those are two huge differences among I am sure many more. Does that mean skunny should not share his ideas that have possibly worked for him? Of course not. He has the right to share and help others if he chooses. All I am saying is, let's keep this all in perspective. Skunny has the right to start and maintain a thread like this as long as others are willing to interact with him to keep it going, which includes their right to question his methods.

Lastly, as far as anyone saying...."my methods" or "my technique", let's be realistic, most everything we all learn about the markets comes from someone else. Even the techniques we come up with on our own in our "aha" moments doesn't necessarily make them "ours". We just may not know of anyone else who uses them, but that doesn't mean there ISN'T anyone else. I have learned from several great teachers in the market and came up with my own method to apply what I learned but I am sure I am not the only one who trades the way I do. My advice to anyone looking to be successful is learn from others who are. Many times this will take a financial obligation on your part, but that's life. Education will come at a price, either on the front end, or the back end through the school of hard knocks. Teachers who are successful at what they do, and transparent to others are ideal. I have only found a few, but I did find them and for that I am grateful.

Cheers
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