MD — eek .. You've got the same 61.8 level as mine. However yours got the 138.2 ext at the rear end showing respect as well. Not bad for a novice I must say. SK

Indicator Free Trading - Skunny

HR - What I did on that demo trade — HR, When I pulled the fib, price had retraced back to the 38.2- 61.8 without hitting the 138.2 ext. I thought if the fib is good, it will want to go back up. So I drew the trend line and waited for the ...

Indicator Free Trading - Skunny

Speedard — Yo Speedard you fibmeister! I must slow down when I'm am posting. Yes, 138.2 ext would be the long term target if price breaks the 0 line, assuming the fib is good. The trigger for entries is the breach of the 0/100 line. ...

Indicator Free Trading - Skunny

ey — Here's my upside down ey fibs with respect. Breached of 0 . Long term target - 137.

Indicator Free Trading - Skunny

I mean... knowing which way the river is flowing. If your D1 is long.. maybe filter by just looking for longs. It will save on errors. Oki doki !! Useful to know that I also know when i thought about this... I thought everything fib was rubbish ...

Indicator Free Trading - Skunny

gchf — I think I see where you're coming from. On the weekly , it is now in the zone ( to me - a critical zone ) where shorts must be extremely cautious. Longs is probably the wiser choice. To stop giving mind to pips is a psychological ...

Indicator Free Trading - Skunny

TK — By back work - Do you mean back test or walking the fibs , or market context or something else ? Thanks SK

Indicator Free Trading - Skunny

Yes. Re-loaded as it came back down as it had not reached the 138.2 ext. Still in demo mode.

Indicator Free Trading - Skunny

Cad/yen — Tested this on demo. Worked. SK

Indicator Free Trading - Skunny

TK - A Question ? — I see respect of the fib before the pierce , so I thought , Oh goodie ! It did a U turn after the pierce. Would you have placed the fib there ? If not why ? Thess fibs are tough to get down. Thanks SK

Indicator Free Trading - Skunny

Right you are !! — Exactly . I've renamed my inner fib levels DZ . I've put the blue/red fibs on my 4 hr eu chart separately. Blue fib - I'm thinking long. Starting point - SL. Red Fib - I'm thinking short. Starting point - SH. Swing them high ...

Indicator Free Trading - Skunny

ThomKnight - A question ? — In the chart the blue fib and red fib are in opposition. Is the blue fib where I have placed it, what stopped the red fib from hitting it's 138.2 ext ? Thanks SK

Indicator Free Trading - Skunny

78.6 & 76.4 — MD, You're getting deep now. 0.786 is the squareroot of 0.618. 0.236 is one of the fib retracements but not commonly used. 1 - 0.236 gives you 0.764. SK

Indicator Free Trading - Skunny

MD — There you are. So you reckon Avatar is the way to go huh? Is that you or is it Bailey talking ? What say you compass ? sk

Indicator Free Trading - Skunny

FxCompass —

Indicator Free Trading - Skunny

FxCompass — Hey Compass, What have you done with MD ? Has he gone into hiding at the conclusion of the XBoxing session ? SK

Indicator Free Trading - Skunny

GY — TK Is this for the gy from post #4577. SK

Indicator Free Trading - Skunny

FXCompass — Ka Ching !! Good call compass.

Indicator Free Trading - Skunny

EU — EU

Indicator Free Trading - Skunny

Compass — Thanks. Do you trade futures as well ?

Indicator Free Trading - Skunny