You can trade just the one Fib on one timeframe. Just be aware of where you sit in the big picture. I personally prefer the H1, but I always know what the Daily chart is painting as the bigger picture. As far as entry goes, this is the million ...

Indicator Free Trading - Skunny

Waves within Waves. — Big_Pipin, Down first, then resuming uptrend. Start on the Monthly, Fib it. Then move down to the weekly and have a look. Then the daily and so on. You should start to see the waves within the waves. Each wave has to play ...

Indicator Free Trading - Skunny

You must be kidding ? — Firstly Fib trading is aligned with support and resistance not trends. Secondly the charts you have posted just confirm that when a certain level of retracement is reached (61.8 in this case) then it is highly probable ...

Indicator Free Trading - Skunny

Took a while to get there. — Thanks Skong, it took a while to get there but Pips are Pips. Lots of strange moves at the moment, I'm out until early next year. Back to the Baileys abd XBox with Misterdaz.

Indicator Free Trading - Skunny

Like this MD — See the stop and quick departure from 0% fib. Lots of Support at this price.

Indicator Free Trading - Skunny

Oooh Baileys... — I wonder if 9am is too early for one.... naaaah. My fingers are still numb from yesterdays XBox action. Hi MD, Fib was pulled over last major swing in the direction of longer time frame trend (weekly and monthly). Your Fib ...

Indicator Free Trading - Skunny

Totally agree. — I totally agree, I have grown a beard while sitting and waiting for some of these pairs to get moving.

Is holiday trading in thin markets good?

Waves. — Observe the chart from three weeks ago. How many short trades were there in the smaller waves before the larger trend completed its journey. Just be careful trading against the major trend with Fibs because sometimes the price will ...

Indicator Free Trading - Skunny

A similar Setup on EJ three weeks ago. — Observe the similar set up three weeks ago on this very pair. There are never any certainties, but it's a high probability trade with lots of trading options in between.

Indicator Free Trading - Skunny

Sure Barstop, here's your chart. — 138.2 Fib is target. It may take a while (especially in this thin market), but I think you get the general direction as to where it is headed off the chart.

Indicator Free Trading - Skunny

Daily Fibs on EURJPY — Hey guys, I have daily Fibs on EJ indicating next target is 138.2 Ext @ 137.05. I'd be very carefull shorting this now.

Indicator Free Trading - Skunny

No Skong - just Forex.

Indicator Free Trading - Skunny

Nice trade Skong, I have it headed for 8907. We'll see if she has the steam to get there.

Indicator Free Trading - Skunny

I am a bit confused. — Scotty, I am rather confused. In your words : "Yes, I did create a successful trading system based on a fib pattern I found early on that still works great. The folks that I've trained are all very happy and doing well. ...

Indicator Free Trading - Skunny

Something to ponder. — I have stated in the past that a correctly placed Fib always falls at significant Support and resistance points. Misterdaz it sounds like the lights have gone on with you. Whilst nothing can predict the future movements ...

Indicator Free Trading - Skunny

No MD, I don't sell house. Although with the price of properties around here, I sometimes wish I did.

Indicator Free Trading - Skunny

So true. — So true 4x4ever. This comment is very rarely seen around, but if more people simply paid attention to it, there would be many more succesful traders. I know it alone has made me one..... Merry Christmas

Indicator Free Trading - Skunny

Right and Wrong. — I agree with you Scotty B, Fibs are not 100% predictive. For that matter - nothing can be, because the market is made up of the sum of all traders and nobody will ever know how they will react at any given time. On the other ...

Indicator Free Trading - Skunny

Merry Xmas MD. — Merry Xmas MD and ahappy New year. See you in the new year for another great one from down under.

Indicator Free Trading - Skunny

Light Volumes — Light volumes nearer christmas as most have ceased trading.

Indicator Free Trading - Skunny