Breakout Box Indicator — Hi Plaforte, I have attached the indicator you are requesting. It shows Daily High = Blue Line Daily Low = Red Line Daily Mid Price = Yellow Line.

Indicator Free Trading - Skunny

Hi Checkz, different timezones (Australia). I trade any pair with it, although you should spend some screen time learning how each pair behaves. GBPJPY in particular has no respect for anyone and I generally don't trade it because it needs to be ...

Indicator Free Trading - Skunny

Hi Md, currently trading EURUSD and GBPJPY. I nearly fell asleep yesterday waiting for AUSUSD to move. How is the snow, can you still open the front door ?

Indicator Free Trading - Skunny

Well done Checkz — Some trades can be more painfull than having teeth pulled out. As long as you get there ...

Indicator Free Trading - Skunny

Consolidation Ranging. — Hi Checkz, it's not so much a rare occasion. It happens everytime any pair makes a significant move to the upside or downside. Price will take some time to accept this level and therefore consolidate by going sideways.

Indicator Free Trading - Skunny

Checkz - GBPUSD — Retracement went to the -38% so it looks like its heading lower to 1.5839 which is 138.2 Fib target. I'd like to see it take out 1.5965 first which it has bounced off once already. I see the AUDUSD is still rangebound. I have ...

Indicator Free Trading - Skunny

Wicks and Bodies. — The wicks on a candle represent the volatility in the pair, while the body tends to be where the real price is. If your fib lines tend to run across where the body stops, then it is placed well, when the wicks touch a fib ...

Indicator Free Trading - Skunny

My pleasure Checkz. Hey Skong where abouts in Australia do you reside ? Seems like Md is freezing to death, I can understand why he needs the antifreeze (i mean alcohol) running through his blood.

Indicator Free Trading - Skunny

No your Fib was fine, I was referring to inside candles in general. Tighter Fib projections on small inside candles = less pips.

Indicator Free Trading - Skunny

Checkz - also important. — After every big move in price (up or down) as you have shown, the market takes time to accept the pairs new price. In other words the consolidation you are seeing at this new level, is the buyers and sellers coming ...

Indicator Free Trading - Skunny

Happy to help Checkz. — Look at my hourly chart. Your fib was placed on yesterdays candle. Price bounced around the 0 line for sometime showing no respect. It is looking quite weak and showing signs of retracing. The way I would trade this now ...

Indicator Free Trading - Skunny

Taking it to the Final Level. — So the 50 million dollar question is, how de we tell that price has actually retraced to a certain level and is not going further ? Islander or anyone else, can you shed some light on the last piece of the ...

Indicator Free Trading - Skunny

Hi Md, Fibs apply a ratio or scaling dependant on the distance between the 0 line and 100 Line. I always run the Fib across one daily candle High/Low - no exceptions. A good indicator to whether the Fib is placed correctly is if the Fib lines are ...

Indicator Free Trading - Skunny

Leys take a look together Checkz. — The Fib is plotted correctly from the previous days high to low. See how price ran to the 0 line and then bounced off resistance. First sign that we may have a retrace. I would take a reversal trade from the ...

Indicator Free Trading - Skunny

Nice to see your here Islander, I have read many of your posts. Seems to be the current major issue is the correct placement of Fibs. I know that many different Fib placements as long as placed correctly will tell the same story, but can you shed ...

Indicator Free Trading - Skunny

Can you put up an example and we can go through it together.

Indicator Free Trading - Skunny

Yes Checkz, What Skunny was correctly alluding to was that a Monthly candle contained all the price action for just over 4 weeks, therefore by pulling a Fib across it, you are in fact taking the high/low points for all those weeks. You will notice ...

Indicator Free Trading - Skunny

Hi Md, nice trade and we can both see target was hit. Plenty of pips available now as volume has started to lift. We should be back in full swing by next Monday.

Indicator Free Trading - Skunny

There are certain fib points which would trigger a reverse trade and close the original trade that failed is closed. Refer my earlier posts.

Indicator Free Trading - Skunny

Totally agree Checkz — Seems as though Fibs are being thrown on charts anywhere. Shapefitting and so forth. In which case they are invalid and inaccurate. It has taken me a great deal of time to learn, if it is not covering ONE Wave only - low ...

Indicator Free Trading - Skunny