Wow - you guys have been busy. — Highroller, nice chart. Fib pulled perfectly from swing low to swing high.... is it any wonder this trade completed as expected. Gotta love those Fibs

Indicator Free Trading - Skunny

Nice trades Md. — Great to see they are coming together for you Md. Persistence pays. Are you seeing prices in the crosshairs now ?

Indicator Free Trading - Skunny

Hi Tom, You may have mentioned earlier, but can you describe how you set up for a typical trade ?

Indicator Free Trading - Skunny

Any timeframe any chart. — I use this on daily to get the big picture and then scale down to smaller timeframes for the trades.

Indicator Free Trading - Skunny

Good question Skong . — Classic retrace to the 61.8 fib line after the previous wave had completed. The respect for the 61.8 line was a not clean, but respected in the end. I suspect we had a large market order which caused the down spike and ...

Indicator Free Trading - Skunny

Hi Md, just great. Hope you are well. How are your fingers and liver ? See you tomorrow.

Indicator Free Trading - Skunny

Skong if I may help... — Your Fib is placed just fine... remember they will tell you the story regardless. See the reversal at the 0 Line, this is the first sign that something is turning with this pair. Then the break of the 100 line is ...

Indicator Free Trading - Skunny

Another Baileys why not

Indicator Free Trading - Skunny

[quote=trader365;3334937][quote=Misterdaz;3334277] Hi Trader365, I agree with nearly all you have stated. I am related to two very large institutional traders who both use Fibs. Elliot Wave primarily which is closely tied to what we are using here. ...

Indicator Free Trading - Skunny

Hi Md, The Fib when correctly pulled should always have the zero line in the direction of the wave. In other words an up wave should have the zero line at the top and vice versa for a down wave. This is crucial because between the 0 line and 100 ...

Indicator Free Trading - Skunny

You are right Trader365. Too many are expecting Fibs to meet the target to the Pip. The point of that post was to highlight the correct direction to pull the Fib in. Using your points for Fib placement will give a similar result and in any case will ...

Indicator Free Trading - Skunny

Hi MD, That's what I was referring to in previous posts. Fibs have been pulled in reverse in a number of charts. In these cases it's no wonder they are failing as a Fib has to be pulled in the direction of the wave it is across. This is really going ...

Indicator Free Trading - Skunny

Ok so what if you took the two trades like this with both Fibs plotted correctly and respected by price as they are nearly all the time. Chart 1/Trade 1 could have been taken by the break of the 0% to any Fib extension you liked. It stopped dead at ...

Indicator Free Trading - Skunny

Please Explain — Thomknight and Scotty B re your charts in posts 4803 to 4806. I'm a little confused. I notice you have pulled your Fibs with the 0% line at the top of a downtrend. Isn't the purpose of a Fib to measure retracement from the ...

Indicator Free Trading - Skunny

Sorry MD, just kidding with you. 78.6 taken straight from FXKnight settings. You have a safe one too.

Indicator Free Trading - Skunny

Happy New Year .... — Lots of alcohol being moved around the house.... Where are they going with that stuff ? See you next year guys and Happy New Year.=

Indicator Free Trading - Skunny

Hey MD it's 78.6 .... are you sure you haven't been drinking ?

Indicator Free Trading - Skunny

Entries. — OK - Chart 1 is the current weekly of GBPUSD. See the two tests of the 50% Fib (which has also acted as major S/R as usual). They both look the same, it doesn't show much. image Now move to the daily. See how the second approach ...

Indicator Free Trading - Skunny

Depends on the pairs. Obviously Yen pairs need more room to move as they can get nasty whips. But I always make sure I have a minimum 1:2 risk reward. I'm putting up some charts for you....

Indicator Free Trading - Skunny

Hi Skong, Last I heard he was overdosing on Baileys and trying to shoot everything on the XBox with his son.

Indicator Free Trading - Skunny