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Indicator Free Trading - Skunny

  • #8,281
  • Feb 12, 2015 8:37am Feb 12, 2015 8:37am
Quoting Checkz
{quote} Sorry for the late post but I have been dealing with internet issues all day. This is what I saw on the Eur/Usd I have a push up off the 50 line but since I was not at my computer when it happened I don't know if it hit the entry line before it headed back down. {image}
Might have been a close call on whether or not you had an open cycle near your low - I would also suggest adjusting your stops and take profits to about 2-3 times your spread.
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Robonacci com
  • #8,282
  • Feb 12, 2015 8:40am Feb 12, 2015 8:40am
Quoting raselnet
{quote} you are chart showing interest to me need to learn more to start with this.. ------------------SIGNATURE----------------------- Download over 2900 forex robots and indicators for 100% FREE at: http://mt4talk.com/
You are welcome to view my videos on youtube - Robonacci or ask specific questions.

Rob
Robonacci com
  • #8,283
  • Feb 12, 2015 9:09am Feb 12, 2015 9:09am
This should help you define where to fib no matter what Robonacci technique you use - see the next 4 charts
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Robonacci com
  • #8,284
  • Feb 12, 2015 9:12am Feb 12, 2015 9:12am
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Robonacci com
  • #8,285
  • Feb 12, 2015 12:16pm Feb 12, 2015 12:16pm
Quoting Skunny
This should help you define where to fib no matter what Robonacci technique you use - see the next 4 charts {image}
Thank you sir for the charts you posted they are very helpful and insightful.
  • #8,286
  • Feb 12, 2015 3:10pm Feb 12, 2015 3:10pm
Hopefully I did it right.
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  • #8,287
  • Feb 12, 2015 3:46pm Feb 12, 2015 3:46pm
Quoting raselnet
{quote} you are chart showing interest to me need to learn more to start with this.. ------------------SIGNATURE----------------------- Download over 2900 forex robots and indicators for 100% FREE at: http://mt4talk.com/
attention anyone or click to download 2900 Forex robots etc that site his very very discriminating those people have no respect for the one has poor English please keep away from it? i have been at to many forum but they are the worse and no manners.
  • #8,288
  • Feb 13, 2015 8:41pm Feb 13, 2015 8:41pm
Hey Rob, on the topic of Robonacci stuff...you mentioned once that there is a difference between trading SR/targets and trading cycles. Am I correct in thinking that all of your Robonacci stuff is exclusively based on cycles, rather than SR?
  • #8,289
  • Feb 13, 2015 9:37pm Feb 13, 2015 9:37pm
Quoting 24HourTrader
Hey Rob, on the topic of Robonacci stuff...you mentioned once that there is a difference between trading SR/targets and trading cycles. Am I correct in thinking that all of your Robonacci stuff is exclusively based on cycles, rather than SR?
I'll try to explain like this - cycles consist of a Robonacci range from -138.2 to +138.2 so if you are using the entire cycle you must anchor at a S/R using the -138.2 and finish at +138.2. Targets aren't necessarily S/R but when they are they are significant.

In my pursuit of creating more trade opportunities I chopped that cycle into smaller section - this created issues with wins and losses as it allowed for single trade set ups to fail more often - it created more trades and more pips but was an issue for many that only traded once in a while and would get caught in the wrong direction. When I did this it worked from S/R and didn't require the entire cycle to trade. So SR/Targets can be separated out of cycles but are part of the cycle.

I will be trading full cycles and posting them on the blog next week at Robonacci,com I will try to post some of them here as well - but feel free to copy any chart on the blog and post it here.

Rob
Robonacci com
  • #8,290
  • Feb 13, 2015 9:56pm Feb 13, 2015 9:56pm
Quoting Skunny
{quote} Targets aren't necessarily S/R but when they are they are significant.
When you say that targets aren't always S/R, do you mean purely visually (as in, a break and reverse in the highs/lows)?
  • #8,291
  • Feb 14, 2015 6:34am Feb 14, 2015 6:34am
Quoting 24HourTrader
{quote} When you say that targets aren't always S/R, do you mean purely visually (as in, a break and reverse in the highs/lows)?

Support and resistance is used to project a target - when proper S/R is used the target should show S/R in live trading conditions. Visually after the dust settles it may or may not prove to be significant or useful to use when fibbing in the future.

Targets that finish with a 61.8 push will typically give more notice while a 38.2 push on it's own is weaker. 2nd candle pushes have become significant in all trading aspects so take those candle pushes seriously.

Rob
Robonacci com
  • #8,292
  • Feb 14, 2015 9:33am Feb 14, 2015 9:33am
Quoting Skunny
{quote} Support and resistance is used to project a target - when proper S/R is used the target should show S/R in live trading conditions. Visually after the dust settles it may or may not prove to be significant or useful to use when fibbing in the future. Targets that finish with a 61.8 push will typically give more notice while a 38.2 push on it's own is weaker. 2nd candle pushes have become significant in all trading aspects so take those candle pushes seriously. Rob
Gotcha...thanks Rob.
  • #8,293
  • Feb 14, 2015 9:58am Feb 14, 2015 9:58am
Quoting Skunny
{quote} E/U is a tough nut to crack lately - here is about the only chart I have if it helps. Info is hard to chart so please just use this as a directional chart. {image}

Hey Robbo,

Here are some EU charts for ya big guy. Good trades can pulled off of anyone of these funky monks obviously with the closed ones they are more directional ques (right now)


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  • #8,294
  • Feb 14, 2015 11:00am Feb 14, 2015 11:00am
Hi Rob,

Nice to see you posting here. Brings back 'old' days

So do you think a target to target fib placed on a completed cycle ( -138.2 and +138.2) can be used to project next cycle (or a part of next cycle)?
If that is true, will such a fib having push offs from 62 or/and 50 has excellent chances to projecting a very high probability target?
  • #8,295
  • Feb 14, 2015 3:15pm Feb 14, 2015 3:15pm
This is very good indicator and i want to use it on my trading....let me try it first i will see your post each day...

------------------SIGNATURE-----------------------
Download over 500 Forex Robots for FREE at: http://mt4talk.com/viewforum.php?id=3
Download over 2400 forex indicators for FREE at: http://mt4talk.com/viewforum.php?id=32
  • #8,296
  • Feb 14, 2015 4:07pm Feb 14, 2015 4:07pm
Quoting raselnet
This is very good indicator and i want to use it on my trading....let me try it first i will see your post each day... ------------------SIGNATURE----------------------- Download over 500 Forex Robots for FREE at: http://mt4talk.com/viewforum.php?id=3 Download over 2400 forex indicators for FREE at: http://mt4talk.com/viewforum.php?id=32

This is the downside to posting here - with 2400 indicators for free you need to spend more time in the "Indicator Trading" threads as anyone with experience here knows that crap isn't worth anything - so offering it for free in this thread is pretty funny. Keep posting, you'll make my point for me sooner or later if it hasn't already been made.
Robonacci com
  • #8,297
  • Feb 14, 2015 4:09pm Feb 14, 2015 4:09pm
Quoting sizzler
{quote} Hey Robbo, Here are some EU charts for ya big guy. Good trades can pulled off of anyone of these funky monks obviously with the closed ones they are more directional ques (right now) {image} {image} {image} {image} {image} {image}

Nice - Professor Sizz - I loath E/U I won't even trade that backwards.
Robonacci com
  • #8,298
  • Feb 14, 2015 4:12pm Feb 14, 2015 4:12pm
Quoting Checkz
Hopefully I did it right. {image}
Did I plot my fib right by putting it on the second candle skunny?
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  • #8,299
  • Feb 14, 2015 4:17pm Feb 14, 2015 4:17pm
Quoting SA_Node
Hi Rob, Nice to see you posting here. Brings back 'old' days So do you think a target to target fib placed on a completed cycle ( -138.2 and +138.2) can be used to project next cycle (or a part of next cycle)? If that is true, will such a fib having push offs from 62 or/and 50 has excellent chances to projecting a very high probability target?
Anytime you project forward in the same trending direction without benefit of previous data (not a reversal) it is much more difficult. Using the measurements/calculations from the previous support and resistance/ swing points identified by the major fib s/r should rear it's ugly head again in either a mirroring effect or a continuing wave effect.

So if you are asking if a cycle was 100 pips if you can identify another one that will be the same in the future the answer is yes but it wont stack - there will be data in between ...typicall a pull back where you need to reset your fib.
Robonacci com
  • #8,300
  • Feb 14, 2015 4:22pm Feb 14, 2015 4:22pm
Quoting Checkz
{quote} Did I plot my fib right by putting it on the second candle skunny? {image}
Sorry not sure how I missed your chart -

from what I was trying to explain is that the direction you trade should be with the trend - so if you are trading with the trend you want your "failed" or open target to be contrary and then you trade in the direction of the trend. In your chart there isn't an open target on the short side so it doesn't really fit my explanation.
Robonacci com
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