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- ThomKnight replied Dec 22, 2009
Ain't that the truth mate! You have to take a second and get on page with the market other wise you will be upside down in a hurry! TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 22, 2009
I know it does look random doesn't it. A lot of fib charts looks really random to me as well before hand. Fibs are the only tool I use in battle ATM. I agree though there are many tools and they all work well in the right hands! TK.
Indicator Free Trading - Skunny
- ThomKnight replied Dec 22, 2009
I know it is shockingly simple and deadly effective isn't it? Trading is not complex at all. TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 22, 2009
Well... always eventually doesnt pay the bills does it. That is too random for me. R:R only comes into play for me once I know what kind of trade I am in or I eliminate R:R by just allowing enough margin to float to the 0-100. TK.
Indicator Free Trading - Skunny
- ThomKnight replied Dec 22, 2009
Hey Chaps, Just want to chime in here with my views. I think it is un productive to say fibs are this or fibs are that before you dive in. In my personal experience.. and you can go back through all of my charts. Fibs are predictive and 100%. Can I ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 21, 2009
Nope that 38 touch... IMO should be the last time before it hits target. One can also pick up long fibs from there and trade smaller. TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 21, 2009
url but of course it can waft theoretically all the way back to the zero. I am not trading right now though since the market is so thin. TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 21, 2009
Absolutely! technically I am short gy to mid 60's and below but god knows how long that will take to happen. Tk
Indicator Free Trading - Skunny
- ThomKnight replied Dec 20, 2009
Mate, I have mixed emotions on that fib and, truth be told , trading in december. If this makes sense.... I am following price... but looking very long. I trade h1 primarily or d1 depending on the account. My current upside tgt is about 149. Tk Edit ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
Mate, Chuckle... well... do you? I haven't the foggiest. We will take a divergeance... you only need one....potentially two fibs if you are a wee bit weak in the knobblies. TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
SP500 — Yikes. This doesnt mean it IS turning now..., but this is a good spot to think so. At the very least it confirms the down side target. TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
I have egg on my face mate! The postman cometh Scotty. TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
A lot of fibs on there brother, do you need that many? TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
Hiya Mate, Yes without fun it means nothing. Trading is boring though, but learning can be fun. All you should be look for is 100% targets ( not necessarily chart every move in the market just things you understand), fibs to respect to the TICK or ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
Righteo! Let me know if you have any specific question. I don't mean to speak in riddles... just sometimes i find from looking backwards at Skunny's post... they don't make sense until you know what you are doing. He was never talking in ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
Even the most seemingly insane or complex are truly simple if you know how to look at them I think. there is an underlying order to all things.. you just have to know how to look at it(market view)...in my experience. Following GY's moves and they ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
bingo. EDIT When you see that.... you might go ahead and amp up your leverage... with a tight stop as opposed to factoring risk to the 0 line.
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
That is a really loaded question mate. right now our target.. if you are trading on Friday is 146.99 with the turn at 145.22 ( the stop) ...at least from my chart... It did go short... it will go short and long on the way to that target but... over ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
Trading Times. — A meditation on trading mates. After spending.. 15,000 hours at least in fron of screens, you start to realize...no matter you method... trading only occurs at certain times. This being said, don't kill yourself in front of a ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
Are you having a laugh at me? or if not... let me know what is confusing and I would be chuffed to clarify. TK EDIT... also even if it is going north.. track price and trade the price of the now with a right mind for the future. and as always... ...
Indicator Free Trading - Skunny