1.3108 — I'll be out before then. Keep an eye on 1.3108. Not only for fib reasons but BIG ROUND NUMBER reasons to. Bartstop EDIT: Sorry I forgot to post the chart.

Fibonacci Paradise

Now that you said that, you're next trade will be a loser and take out half of that profit.

Fibonacci Paradise

Do you see that Skong? First he was sending me X's now he's talking about my crotch.

Fibonacci Paradise

I like the method, just be careful of the direction. Look at the 4 hour chart I have posted it the top of the tread. It's triggered long. I'm not saying you can't make any pips on shorts but it's much riskier. Bartstop

Fibonacci Paradise

No, just the opposite. A pierce is a signal to move the fib because price wants to go further. A "to the pip hit" is a sign of a major reversal. That's what I've been wanting to ask Thom for a while now. I'm sure glad he cleared that up for me. ...

Fibonacci Paradise

I'm with Thom on this one. 20 pips and out. 20 pips at $50/pip repeated a few times a week adds up in a hurry. I have to admit it's hard to get past the greedy little red bastard sitting on your shoulder telling you to hold on to the bitter end.

Fibonacci Paradise

EU chart updated — Thank you Thom. I was waiting for a respect of the new fib position but if a pierce is a move signal, that's what I'll do. Bartstop

Fibonacci Paradise

You can do it, but then I'd have to ban you. Of course you can post the charts. You don't have to ask permission. Bartstop

Fibonacci Paradise

I have the same 1 hour fib. I'm staying out for now. If we get another respecting pullback I'll probably trade it but right now it looks too sloppy. Bartstop

Fibonacci Paradise

Checkz, it doesn't have to line up with the larger fibs lines. Any high/low will work. Is that what you're asking? Also, I only look for smaller cycles on the 1 hour. Sometimes I will go to 30 or 15 minute charts because they show greater detail but ...

Fibonacci Paradise

Yes, that is the next logical move. This is where I run in to trouble. When is the proper time to move the fib? I was waiting to see some respect of the new placement before I updated the chart above. With the old fib, I see 1 wick (on the 1 hour) ...

Fibonacci Paradise

You're right. Good call.

Fibonacci Paradise

Here's the daily. Keep an eye on 1.5577.

Fibonacci Paradise

New Thread — I just wanted to let everyone know I have started a thread over in the journals section. My intention is to use it strictly for dicussion of 4 hour and larger fibs as they apply to the methods outlined by Skunny and ThomKnight. ...

Indicator Free Trading - Skunny

With a little more coaching from Thom, it's obtainable. Bartstop

Indicator Free Trading - Skunny

Trying to go easy on the bacon and eggs. Had cereal and toast today. It's a little late for breakfast in limey land isn't it?

Indicator Free Trading - Skunny

Watch those GU shorts. This thing has long written all over it. Bartstop

Indicator Free Trading - Skunny

EURX — Looks like EUR may have a ways to drop. EDIT: Changed photo. I think this one is a little more accurate.

Indicator Free Trading - Skunny

I think I just answered my own question. When I saw the 138 on the bottom side get taken out, I moved the fib. Now that I put it back in this position I see we got some respect today. Bartstop

Indicator Free Trading - Skunny