Another thing I do. Go to the daily chart with period seperators on. That will show you the high and low for the previous month. Pull a fib there. Price may bounce off of those lines and ingore your smaller fibs. So that's something to keep in mind. ...

Indicator Free Trading - Skunny

The 0 line should always be in the direction of the swing. If the swing goes up, the 0 should be at the top. If the swing goes down the 0 should be at the bottom. I'm sure I've posted some charts with it backwards........I've come a long ways in the ...

Indicator Free Trading - Skunny

When price bounces off the 0 line and crosses the 23.6 line, there's a pretty good chance it's going to make it to the 50 line, but not always. So there's one trade. Then we got a buy signal at the 61.8 line, that SHOULD take you back to the 0 line ...

Indicator Free Trading - Skunny

Signals — This might help to.

Indicator Free Trading - Skunny

1 more thing — Also, when trying to match your fib to the wicks, don't pay any attention to the small retracements in the initial run up/down. The retracement from the 0 line is what we are concerned with. Bartstop

Indicator Free Trading - Skunny

edkilp — Try this. Using MT4, open up a H1 chart. Make sure you have period seperators on. The vertical lines are 1 day (24 hourly candles between them). There are two trains of thought on this next part. Some say to pull your fib from the ...

Indicator Free Trading - Skunny

New York — I'm going to quit trading the US session. Or maybe just untill the first news release. Everything seems to go spiraling out of control. It's killing my account.

Indicator Free Trading - Skunny

Fibs — Tony. I just finished reading your thread. Your system kicks ass to say the least. But, not knowing where to set your TP is costing you a lot of pips. Your system combined with some well placed fibs will not only give you a good idea ...

Central Banks & Big Players

Skong — Something else I want to add. When you have a fib pulled on a daily chart, and then you are pulling another fib on a smaller timeframe like the hourly. If that smaller fib is overlapping with the inner lines from the larger, be ...

Indicator Free Trading - Skunny

I believe he meant that if you know what the "perfect setup" is, you could win 100% of your trades during a given period of time. The fact that he added "predetermined period of time" leads me to believe that even he can't trade 100% ALL the time. ...

Indicator Free Trading - Skunny

USDCAD — Watching this one really close. Thinking about placing a sell limit at the 38.2 line.

Indicator Free Trading - Skunny

100% — He did mention a predetermined period of time. TK has posted 2 trades that have been 100%.

Indicator Free Trading - Skunny

Skong — Don't take this as the holy gospel, I'm just sharing my experience (what little there is). When I'm drawing my fibs, there is a run up (or down) in price, then a retracement. The retracement is what we are concerned with, not the ...

Indicator Free Trading - Skunny

My Analysis — I thought I would post some EU charts, along with my analysis, and see what you all think. Let me know if I'm on the right track or way off course. Daily - Price has bounced off of the inner fib lines. The fibs are acting as ...

Indicator Free Trading - Skunny

Expiration? — Look at the way price has already hit the two extensions and then continues to respect the inner fib lines. At what point do you look for a new fib to draw? Would you still be looking to go long here?

Indicator Free Trading - Skunny

Keep it comming TK. This is golden, or atleast a ticket to the gold!

Indicator Free Trading - Skunny

AMEN Brother!

Indicator Free Trading - Skunny

To keep this thread constructive, maybe Scotty should post some fibs that failed and TK can explain why he would or would not have taken the trade? We're here to share and learn right?

Indicator Free Trading - Skunny

Damn — I was in this trade but closed it when the target was hit on the red fib. I didn't think we would see any big moves today. When I originally placed the order, I had the stop loss at 147.99. Oh well, still made some pips.

Indicator Free Trading - Skunny

Scotty B — Instead of bashing him, why don't you let the man finish his 10 trades that YOU challenged him to? I don't understand all the anger. Let the man prove his point.

Indicator Free Trading - Skunny