image image You can see my targets.

USD/JPY Discussion

Probable Net Trend for the Next Few Trading Days Dual Time Frame Momentum: With the (13) daily DTosc in the OB zone and the (8) daily DTosc bearish and the (34) 60M DTosc in the OB zone, a ST, if not multi-day high should be at or near completion. ...

USD/JPY Discussion

Dollar Rally: A Deficit-uation? 12/18/2007 10:13:13 AM For those of us living in the drought-stricken southeastern United States, one law of nature has become painfully familiar: As rain shortfalls increase, reservoirs get shallower; when shortfalls ...

USD/JPY Discussion

I meant we are not ready to trade, supposed to be learning, studying, right?

Indicator Free Trading - Skunny

I thought we weren't supposed to be trading this now?!?!

Indicator Free Trading - Skunny

image I modified the Waddah Daily Fib to plot the fib projection series from the previous days close. Harmonic Numbers Harmonic numbers are the "Davinci Code" of most liquid financial markets. The numbers are derived from the Fibonacci summation ...

Indicator Free Trading - Skunny

image I modified the Waddah fib indicators to plot the .382 and .618 fib projections. Remember Skunny indicating to look at other intervals? Notice this is H4 chart, the blue is weekly, orange is monthly, and the purple is daily. See how the price ...

Indicator Free Trading - Skunny

image I put the fib projections (salmon) off support (blue) resistance (red) in with the daily, weekly and monthly fibs. Once again, things are lining up. Perhaps, I am getting warmer.

Indicator Free Trading - Skunny

image I found the weekly and monthly fib tools on the net. I made a minor modification so you can change the style. I also made a daily version.

Indicator Free Trading - Skunny

image I used a support resistance indicator and plotted the .382 and .618 fibs from those levels. I also used the previous day high/low fibs. The chart shows how these fib levels become support resistance in the future. Perhaps that is what being ...

Indicator Free Trading - Skunny

image This H4 GBPJPY chart is just showing the fib projections from the previous day. I guess that's time based. I am noticing how many past levels have been touched/penetrated. The Nov 13 lower projections were touched on Nov 23. The Nov ...

Indicator Free Trading - Skunny

I don't like to do things manually on the computer and prefer to make the computer do the work for me. It "tests out" just fine. You see the orange lines "become" blue lines or red lines. That happens when price makes new resistance and support ...

Indicator Free Trading - Skunny

image USDJPY Price seems to find the fib projections (orange lines). Just shifting previous day's intraday fibs over onto current day. Here's the GBPJPY H4 chart: image

Indicator Free Trading - Skunny

Post a screenshot of the chart showing what you were looking at during this trade. Thank you.

Indicator Free Trading - Skunny

Please post a screenshot. Thank you.

Indicator Free Trading - Skunny

When/how does one know the correct base?

Indicator Free Trading - Skunny

Would it be ok to call it "Indicator Free Trading - Skunny Companion thread"? Or something like that? Just a place for us to scribble about this.

Indicator Free Trading - Skunny

Would it be helpful if there was a companion thread where we could post our "predictions", charts, thoughts, etc... that we have about this method so as to not clog up this thread? I am not sure of the posting norms and I don't want to step on ...

Indicator Free Trading - Skunny

I am just applying what I have learned from the thread. Am I mistaken? Thanks for you help.

Indicator Free Trading - Skunny

Now that the USDJPY hit both upper fib projections, I'll look for the candle to make a lower low, at that time I will go with the flow. A more agressive short entry would be 113.23, the .38 upper fib projection.

Indicator Free Trading - Skunny