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- FX Compass replied Jan 10, 2010
Hi A-game, check posts 5252 and 5254.
Indicator Free Trading - Skunny
- FX Compass replied Jan 9, 2010
Sorry for the confusion Checkz, a cluster is a small Fib within the framework of a larger Fib both highlighting significant levels as in the chart above.
Indicator Free Trading - Skunny
- FX Compass replied Jan 9, 2010
The Power of Fib clusters. — In the attached chart, you have a daily candle fib (White) and a smaller fib pulled across a smaller wave section within the daily Fib (Lime). Want to know if price is going to continue past the -100% on the daily ...
Indicator Free Trading - Skunny
- FX Compass replied Jan 9, 2010
Fib clusters — Hi Checkz. Gee I hope we don't confuse everyone with this, but worthwhile given that it confirms the deadly trading accuracy of Fibs. Your chart shows two consecutive daily Fibs. You are showing two snapshots of the continuing ...
Indicator Free Trading - Skunny
- FX Compass replied Jan 9, 2010
More screen time than I care to remember Checkz.
Indicator Free Trading - Skunny
- FX Compass replied Jan 9, 2010
Good morning A-game. — Funny world we live in, we live in a beautiful sunny beach environment and I am going to an ice skating ring in Brisbane with my young son who is hockey mad, so we can smack a poor little puck around. Go figure...
Indicator Free Trading - Skunny
- FX Compass replied Jan 9, 2010
Fib placements - Very Important. — There seems to be a bit of confusion as to whether to re-draw a Fib after the targets are hit or at the end of each day. The fact is it doesn't really matter, both will work. Commonly referred to as Fib ...
Indicator Free Trading - Skunny
- FX Compass replied Jan 8, 2010
US NFP spike. A good one to stay away from each month, unless you like playing on the highway.
Indicator Free Trading - Skunny
- FX Compass replied Jan 8, 2010
Hi Md, Plenty of time for sleep when you're dead. Of course it doesn't help my appearance much.
What did you have in mind for Stops ?Indicator Free Trading - Skunny
- FX Compass replied Jan 8, 2010
I'm with you A-Game, I love the end of the US session. Another sunny day in Paradise.
Indicator Free Trading - Skunny
- FX Compass replied Jan 8, 2010
The light in the tunnel shines bright for you Checkz. — Last few days, you have been asking all the right questions. The 127 Fib is the target if price has consolidated and retraced to -23.6. Nice going Checkz - keep it up.
Indicator Free Trading - Skunny
- FX Compass replied Jan 8, 2010
Fibs will always present an opportunity. — If your fib is correctly placed then you will always get a good indication what story price is playing out.
Indicator Free Trading - Skunny
- FX Compass replied Jan 8, 2010
Good question Edkilp, the Fib must be completed before I move it. One way or another it will complete, either the extentsion gets hit on the downside say below the 100 or the upside above the 0.
Indicator Free Trading - Skunny
- FX Compass replied Jan 8, 2010
Checkz - Fib the daily — Hi Checkz, Fib the daily and you will know exactly what your smaller time frame fib is telling you about GBPUSD.
Indicator Free Trading - Skunny
- FX Compass replied Jan 8, 2010
Well done Bartstop - now don't tell anyone outside this thread that Fibs actually work, they will all be over here crowding things up...

Indicator Free Trading - Skunny
- FX Compass replied Jan 8, 2010
Sorry for the delay Checkz, The targets are not always hit to the pip, allow 5 pips give or take. Sometimes price is in a hurry to get going in the other direction so we get a wick reach very close to the target and then off we go.
Indicator Free Trading - Skunny
- FX Compass replied Jan 7, 2010
Fib levels — Here you go Edkilp, Each inner Fib level, is a level of wave retracement. The way price reacts at these levels, tells the story as to what it will do next.
Indicator Free Trading - Skunny
- FX Compass replied Jan 7, 2010
Smaller timeframes = more market noise. — Hi Bartstop, you will find the shorter the timeframe, the less price respects the Fib lines. Nothing unusual, just lots more market noise going on. Move upto the 30M and the higher you go, and you'll ...
Indicator Free Trading - Skunny
- FX Compass replied Jan 7, 2010
I tend to Fib the monthly only for the bigger picture, but I trade the 30M using the previous closed daily candle Fib only. Fibs can only be placed correctly in one direction - with the 0 Line at the point in which the wave is travelling. In other ...
Indicator Free Trading - Skunny
- FX Compass replied Jan 7, 2010
Good Morning Guys, from sunny Queensland. Edkilp, placement of the Fib across the previous days completed high/low nails down two things. 1. No misinterpretation of where the Fib should be placed by the trader and 2. It spans the previous days ...
Indicator Free Trading - Skunny