Try the 4 hour and daily, you might have better luck. Also, try the AUDUSD. It's more "trendy" if you know what I mean. Bartstop

Indicator Free Trading - Skunny

Not a problem, my fridge has an ice crusher and I can make my own "lemonade". Bartstop

Indicator Free Trading - Skunny

This right here is where I have trouble with drawing the fib from the daily high/low. Look at how price broke the 0 line then retreated all the way back to the 50 line, not once but twice. Where do you put your stop loss? above the 50 line? That's a ...

Indicator Free Trading - Skunny

Of course these are all from a 4 hour chart. This is not how Compass does it but the concept is the same. Drawing fibs isn't rocket science. It takes some time but you'll figure it out.

Indicator Free Trading - Skunny

Edkilp — `` Have you seen whats called a "1-2-3" set up? That's really all we are doing here. Sometimes it gets a little more complicated than that but really, that's all fibs do is predict where the "3" will end up. Let's start with the ...

Indicator Free Trading - Skunny

Actually I went long at 9300 early in the Asian session (last night). I'm going to let this one run for a while as per Jacko's methods. It's been trending up since March. We'll see how far it goes.

Indicator Free Trading - Skunny

Been thinking about charging people for my trade calls. All you have to do is go the opposite direction that I predict price will go, you'll be rich. Anybody interested?

Indicator Free Trading - Skunny

GU — I just wanted to point out that we are approaching the 50 line on this retracement. Might be turn-around time soon. Note: I have redrawn my faulty trendline. Bartstop

Indicator Free Trading - Skunny

Sure, rub it in. Actually I manually closed the trade with only 7 pips loss. I then turned around and made 98 overnight. Then, I got big-headed and lost all that profit on a screwball GY trade. Go figure. Starting to examine Jacko's thread. Might be ...

Indicator Free Trading - Skunny

Scotty, you seem to have a real problem with people trading on fibs alone. Have you considered starting your own thread? I'd really be interested in learning from your experience. Care to share your methods? Bartstop

Indicator Free Trading - Skunny

I woke up to 98! I feel like a kid on Christmas morning. Take a look at GY, getting ready to breakout.

Indicator Free Trading - Skunny

I'm not sure if it's going to make it, as it's having a hell of a time breaking thru 1.6216, which is the 138 from the small retracement we had today. EDIT: More sellers at 1.6229.

Indicator Free Trading - Skunny

It should hit the 138 extension. On my chart that is 1.6293. I always put my TP a few pips below. 1.6288 maybe?

Indicator Free Trading - Skunny

That's all it needed was for you to post that so it could break out and prove you wrong. I'm glad I'm not the only one the market kicks in the nuts. BarTstop

Indicator Free Trading - Skunny

Might be a double top forming?

Indicator Free Trading - Skunny

I'm going to try but it's proving harder than it looks.

Indicator Free Trading - Skunny

I'm pretty sure we're headed down. I'm short from 1.6166. We'll see how far it takes me. I might hold this one for a while.

Indicator Free Trading - Skunny

Edkilp — Japan Bank Holiday today. Won't see much volume untill London session.

Indicator Free Trading - Skunny

147.96 seems to be pretty strong. There's a Monthly fib line just a few pips away also. Does this confirm that we're going north, atleast for a day or two? EDIT: By looking at a daily chart, it seems like we should be headed south.

Indicator Free Trading - Skunny

Range trading — Do any of you range trade? Look at this EU chart, it's been stuck in this range for 2 weeks now. I was thinking about placing a small short trade as soon as the market opens back up. I've noticed cable does this a lot to.

Indicator Free Trading - Skunny