image Price penetrated the 3 lower .618 fib 3 times but closed above the lower .618 fib and is now above the lower .382 fib. End of cycle?

Indicator Free Trading - Skunny

Either the price continues in the current direction or it reverses... you just have to watch and wait. You can expect, anticipate and react to what the price is doing.

Indicator Free Trading - Skunny

image PRICE ACTION... USDJPY nearing the .618 daily lower fib projection(yellow dot) which is based on yesterday's price range... low - ( ( high - low ) * .618 ) EDIT: Dang, had I waited 5 minutes, I could have shown the fib projection was touched ...

Indicator Free Trading - Skunny

I am not interested in writing EAs. I am using the Barry Support Resistance indicator that I modied to plot the fib projections. Remember, this is a H4 chart... perhaps the Daily and/or Weekly charts hold more clues as to why the price stopped and ...

Indicator Free Trading - Skunny

Some people prefer to be in a support role rather than lead. If anyone can start a thread, then perhaps you will start it.

Indicator Free Trading - Skunny

image PRICE ACTION... Once again on the H4 the USDJPY reached the fib projections (salmon dots). It's almost a "Skunny textbook" example over the past day and a half: Price reversed off support (blue dots) and reached the upper .618 fib projection ...

Indicator Free Trading - Skunny

image Notice your retrace lines up with the fib projections ( salmon and yellow dots )

GbpUsd Statistical Probability With Price Action

image PA... 4 hour candles USDJPY Price barely penetrated the .618 fib projection at 114.62, retraced and penetrated the support at 113.96 but closed above that support, 2 candles ago. Price penetrated the support at 113.96 and closed below that ...

Indicator Free Trading - Skunny

No temper at all. I don't need my "own thread". That's ego. No place for ego in trading. It just seems that some people seem to get their panties in a bunch whenever someone posts "too many charts" which, of course, is their opinion. But these self ...

Indicator Free Trading - Skunny

Price action: Price penetrated the upper fib projection 114.62 (.618) and retreated.

Indicator Free Trading - Skunny

So it is ok to post charts with hand drawn fibs/sup/res but not ok to post computer generated fibs/sup/res? Just checking.

Indicator Free Trading - Skunny

image My take on EURGBP.

Fibonacci GONE WILD

It looks like it may be using a form of linear regression and/or standard deviation (that's a guess) for the week, day and chart period. Thanks. P.S. good thing you didn't post a chart...LOL!

Indicator Free Trading - Skunny

image Gauges displaying the fib projections for day, week and month.

Fibonacci GONE WILD

All I was trying to do was learn how Skunny used fibs/Sup/Res. It seemed interesting. So I coded the fib projections. That's all. Nothing fancy. Guess I got excited. Didn't intend to step on toes.

Indicator Free Trading - Skunny

I asked 3 times about starting a companion thread and struck out. Obviously, it wasn't a well received idea.

Indicator Free Trading - Skunny

Message received.

Indicator Free Trading - Skunny

It's not about the indicator/code, it's all about the trade. I just prefer to make the computer do what it can so I can focus on the trade. Having the computer plot sup/res/fib lines and display the values is not using "indicators" per se. It just ...

Indicator Free Trading - Skunny

image I have created the FIB MULTI indicator that displays the fib position of the currency pair on 7 different periods. The numbers are the fib levels expressed as a percentage. The bars are just a visual. Green is 100% or higher. Red is 0% or ...

Indicator Free Trading - Skunny