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- ThomKnight replied Jan 19, 2010
61.8 to 50... looks good to me , no? Tk EDIT to move the fiba round it has to look good after a point...you can't just robotically move it or you will fail.
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
It is too in depth , but here is a synopsis... sr is infinite and exists everytick on the chart from zero to infinity. every instrument illuminates that sr via price. Sr is clustered in ratios of 138.2 and potentially others as well but this works ...
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
I took that trade form fitting the 61.8. I won't bore you with some of my homebrew sr theory but that top line even though floating... was a correct 0 even if it was not visable there the price action in the fib follow the 61.8 fit proved that to me. ...
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
Done — Cheers another one down. shockingly... hope you mates made some ducats from that non accurate non predictive fib call from this random market. chuckle. To be fair this target was signalled well over a day ago. url TK
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
Mate, I don;t see any respect? respect should be pip perfect or close and not blow through the line if it is close but fall just short.. but mainly...mate it is pip perfect
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
You are too kind. I think the morale is... unless you can feel 100% comfortable after testing and practice trading... don't trade real money. TK EDIT: you trade for a desk... so basically the way that you tighten things up is by using fib sr or ...
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
if you sue sls... the tightness of your SL is directly related to how well you can read the market and more importantly how patient you are...timing is everything. TK
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
yeah shockingly enough the news... was good... chuckle.
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
You will get this because you are doing things for your self. No one can trade how I do.. and in return I can never trade like anyone else. You are taking ideas and trading them in your own way.
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
nope we have been long to this target for 23 hours. it was more of a momentum break from the bounce of the 38. You can certainly fib the candle that found true sr ( the sr outlined from the fib) if you want and take a smaller trade. TK EDIT ...
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
GY — GY for factoring dd on this I would use 148.15 on the break of the red line potentially(for less drawdown potential). I just picked this up now and there were better enters beforehand. TK edit: if we believed in RR and letting things ...
Indicator Free Trading - Skunny
- ThomKnight replied Jan 19, 2010
Somting godawful like 3 to 1. chuckle. the whole purpose of Skunny fibbing (how I personally fib) though.. is knowing you will hit you target with in certain parameters... soo it follows... Depending on the style of fib I might only enter a small ...
Indicator Free Trading - Skunny
- ThomKnight replied Jan 18, 2010
Well the pull through the open... that is just not needed. Put it to you this way... that kind of fib I normally take the break... that I would never have. there are some other reasons but that is mine. If that went to target I wouldnt be hesistant ...
Indicator Free Trading - Skunny
- ThomKnight replied Jan 18, 2010
If I was trading that first fib... i would have either done that(probably not) or more then likely... used the retracement fib to get another short entry.. that is a big if though on that fib for me mate.
Indicator Free Trading - Skunny
- ThomKnight replied Jan 18, 2010
first move after a directional change 61.8 not a bad trade. Test it. TK
Indicator Free Trading - Skunny
- ThomKnight replied Jan 18, 2010
from that fib... I would have set the 61.8 or if I had set the 100 where you did... i would have waited until the 61.8 formed the way it did.. there is no respect ( i am intersted in) on the downstroke as far as I am concerned. I can candle or body ...
Indicator Free Trading - Skunny
- ThomKnight replied Jan 18, 2010
Correct. Move number one. simple clean and profitable. you would have been done for the day easily. If it didnt yield the amount of cash you are looking for... have patience. It is more important to master a simple trade then to master the whole ...
Indicator Free Trading - Skunny
- ThomKnight replied Jan 18, 2010
Unless I am looking for correct, but non obvious sr as outlined by a Skunny fib... I do not use other fibs to pull a new fib. I was just suing your chart... and telling you where i would have started using your existing lines as a point of ...
Indicator Free Trading - Skunny