Next USDJPY fib targets are 113.23/113.28. Price just hit 113.28 before I clicked submit.

Indicator Free Trading - Skunny

Premiss: Make money trading What's known: The price will either move up or move down Variables: Price direction My observations: plot the .38 and .62 fib projections based off the candle's range, below the low price and above the high price. ...

Indicator Free Trading - Skunny

I just coded something ( an indicator ) to plot the fib projections. It doesn't really indicate anything like MACD or RSI. I am just "guessing" at the answers while attempting to understand and learn from you. Thank you. You are welcome.

Indicator Free Trading - Skunny

Price entered the low fib projections area - the bottom 2 red lines. Those are the 38% and 62% projections. Price reversed all the way back to the high of the candle of the fib projections. Price entered the high fib projections area - the top 2 red ...

Indicator Free Trading - Skunny

I would if I knew how.

Indicator Free Trading - Skunny

4 hour USDJPY pattern holds here, too. Once the price hit the upper fib target area, it retraced.

Indicator Free Trading - Skunny

Skunny said to drop down a timeframe. The 4 hour is used widely. Pattern seems to hold here too.

Indicator Free Trading - Skunny

I only know what I see. The price reversed after hitting the lower fib targets 2 red candles ago and then kept making higher lows.

Indicator Free Trading - Skunny

5 minute chart showing the scalping opportunities. If only I knew the rest of the rules.

Indicator Free Trading - Skunny

I am just trying to grasp the method of this thread. It seems to be fib based. I see the fib targets being hit, followed by a price retracement. This seems to work on the 5 minute chart for scalping.

Indicator Free Trading - Skunny

GBPUSD didn't make it to the fib target.

Indicator Free Trading - Skunny

Am I doing something wrong with my charts or are you just razzing me?

Indicator Free Trading - Skunny

EURUSD wants to head south and to the fib target.

Indicator Free Trading - Skunny

On the daily, price entered the fib target area of Thursday's candle and seems to have run out of steam.

Indicator Free Trading - Skunny

I see where the low of the previous candle was broken and the price entered the fib target area and then retraced beyond the high of the previous candle. This seems to be a repeating pattern.

Indicator Free Trading - Skunny

If not a system, then posting a chart BEFORE or AS the trade entry is happening would be most instructive, at least, to me. Thank you.

Indicator Free Trading - Skunny

I am basing my code on this. It seems to capture the essence. Maybe?

Indicator Free Trading - Skunny

Hmm, anyone else thinking of champagne when looking at that chart? - Yes, if I get in the trade and I make 100+ pips What is this? An EA? Indicator? LOL...A video game? Where are the X's, why O's. The only reason I'm not giving you a 5mn misconduct ...

Indicator Free Trading - Skunny

Here's the H4. Looks like it works. Perhaps it's close above the previous high and close below previous low. Here's daily. Here's weekly.

Indicator Free Trading - Skunny

The yellow circles are fib projections. When low breaks below the previous low, the price seems to go to the lower fib projections of the previous candle. When high breaks above the previous high, the price seems to go to the upper fib projections ...

Indicator Free Trading - Skunny