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- ThomKnight replied Dec 18, 2009
Hmm... the spread is outrageous. I used to trade Pound Loon and Pound Swiss crosses, but really Pound Yen is the best pair to trade. I have found the two pairs that suit me best are Pound Yen and Euro Dollar. The Aussie Dollar isn't bad either when ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
hmmm pound yen is long... for 1000+ pips. So even if it goes short... it is long. Short moves are counter the overall trend. Short small and let longs rip. A chap could just mutual fund it and buy dips through the spring(or whenver tgts are ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
The Euro has appeared to topped and is headed to ATLEAST 1.15 over the next year(s) or so. The greenback still has teeth... sharp ones. Don't bet against the yanks. Take a gander at a dollar chart... hyper bullish in a fierce "rubberband" style ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
I would be over all targetting 164 and I might be shocked if it doesnt hit 190. Since the whole board on FF thinks 80... there is a fantastic chance I am right... also the fibs to support it
well.. at least 164 atm. Doesn't also feel like 139 ...Indicator Free Trading - Skunny
- ThomKnight replied Dec 18, 2009
Yen — G'Day hopefully all is well mates. Here is a brilliant lights out fib. Sometimes it is super simple to see. Good luck shorting GY... snort chuckle. If you were to trade this chart... one must...or well yes must ,off of just this chart, ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 12, 2009
A side splitter! We haven't even begun! There are fib fans, ellipsed arcs and Gann lines left! Chuckle! Sorry to pickle your noodle with my charts, mate! TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 11, 2009
GY — 3 trades one fit to price(sr) the other two sloppy range fibs. The third fib could have been taken from the 50 respect candle upbreak knowing about the first range fib beforehand. The first fib is what I traded by exploiting the 61.8 ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 11, 2009
G'Day! Lets see why this was wrong mate! First for swing fibbing, per Skunny, sans respect we pull back and down for short up and back for long. this was set up to look for a short, but you took it long. Non withstanding that first chart would have ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 11, 2009
Nicely pulled. The question for you is this: How do you make money from this knowledge? Since , for me, this fib was not tradeable. For you? Perhaps. For posterity here is my chart of the same area and a logical (which is important) walkthrough. if ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 9, 2009
I will go along with that, but that means nothing unles you know what you are doing. What do your charts look like? I and game to stick around for some warm brown if we can actually get charts and logical discussion going. TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 9, 2009
If your fib is right once it breaks you are going to win. I suppose i do not understand the question? You can take the trade earlier without the break but you are gambling. Also I think we should take risk reward off of the talking table since it ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 9, 2009
Trading is individual, but first per Skunny we wait for the pierce of the signal line. Then trading starts. I recommend only taking trades in the direction of the fib after that for simplicity sake, but tool around and have fun. In this fib, when ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 9, 2009
G'day! hmm.. I don't understand the thinking process on this fib. What it appears to me that you are doing is just trading sr rejection off of a fib? you target based on past price would have been what? the 2x.xx level based on past price with rislk ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 9, 2009
The initial pull back broke the 61.8. I would not have traded that fib personally. That is good information though as well. It tells me that it is following something else. If I can find it or not is a whole other kettle of fish. One might also pick ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 9, 2009
The market is ordered. There is no such thing as coincidence in life. That chart illustrates the sr property of fibs that they expand infintely backwards and forwards in time in a static ratio. If they are being respect, hence "on" and tradeable is ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 9, 2009
Capital! Yes. There are more then one way to fib and many fibs can exist in the same space without invalidating eachother the most important thing is to know that your fib is working and will reach target. It may not be the turn in price, but ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 9, 2009
You obviously do not need any help from anyone mate. Your charts are bloody fantastic. Price will hit the extension 100%.. I personally need to see respect beforehand for the way I trade, but that works. Good Show. I will go along with what you have ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 8, 2009
What are npips? Nanos? I don't know how to use the 76.4. Best of luck on your short though. Didnt really see much reason to. If I may be so bold you appear to be gambling. No offense mate we have all done it and still do when the fancy strakes..., ...
Indicator Free Trading - Skunny
- ThomKnight replied Dec 8, 2009
Mates, If anyone else cares to toss a chart into the ring. This is a learning thread. No cares and as my old man always said if you aren't making mistakes you are not learning. TK
Indicator Free Trading - Skunny
- ThomKnight replied Dec 8, 2009
I like your charts. I will post an alternate chart. I think it is important on your chart #1. It triggered..but the fib was rubbish until it confirmed off of the 50 line. I would not have taken it until the 50 confirmed then pierce. Chart # 2. ...
Indicator Free Trading - Skunny