You're welcome. Keep an eye on Gold. When it drops USD strengthens and AUD weakens making a great trade short for AUDUSD.

Indicator Free Trading - Skunny

[quote=Naynay;3433629]I did a bit of an experiment yesterday. I went through all the major currency pairs (and a few minor ones), and then fibbed the prior day's daily candle as then added the pivot points on top of it. Then I found which of the 138 ...

Indicator Free Trading - Skunny

Checkz, how you finding the clusters ? Crystal clear. The book I learn't from (she is regarded as the Queen of Fibs) states the more clustered fibs, the better the signal and strength. Are you fibbing a single candle or a wave on the Monthly/weekly ...

Indicator Free Trading - Skunny

Totally agree Md, the bigger problem at the moment is the BOJ is heavily intervening in purchasing the USD to strengthen their own export market. To date the plan has not worked, and if it continues the way its going, the wheels are going to come ...

Indicator Free Trading - Skunny

The Yen is the second largest traded currency in the world, behind US Dollar of Course. US Dollar (cash) is considered a safehaven and is bought heavily if Gold, sharemarket is going down, or there are concerns in other areas. Given the US Dollar ...

Indicator Free Trading - Skunny

Naynay, be careful. Just because price reaches a Fib extension level, doesn't mean it will automatically retrace. Sometimes it will consolidate and then keep going in the same direction. When this occurs, you need to Fib other timeframes to see what ...

Indicator Free Trading - Skunny

Sirens, click on FXCompass on any post, it will take you to my profile. Then click on view posts. You will see all of them there.

Indicator Free Trading - Skunny

Naynay, I'm confused. If you look at my chart and it looks like your Fib is the same, then the trade commenced at the -61.8 and finished at the 161.8 extension. This is a text book Fib trade with price respecting the Fib every step of the way.

Indicator Free Trading - Skunny

Nice clean trades today on EU,GU and UC — Yesterday's Daily Fib, target hit and down she comes.

Indicator Free Trading - Skunny

Checkz and Naynay — I believe price respects the Fibs inner levels of S/R, but not to the degree of the 0 line and 100 lines which are Kings. If price breaks either of them, then we have a break above the high or low of the previous wave - a ...

Indicator Free Trading - Skunny

Sirens. Belated response. — Sirens, the answer to your question is yes, but not using Skunnys ideology. Reason being, Skunny never spelt it out in black and white. There are many ways I have seen to use Fibs accuarately. I think you need to ...

Indicator Free Trading - Skunny

Nobody will ever know this for sure. Watching lots of Price behaviour makes you much better at picking the direction at the 0 line. If you find a way that is 100% certain, let me know... cause you then own the largest money machine in the world.

Indicator Free Trading - Skunny

Naynay, important to remember that two things happen with every Fib. They either cross the 0 line and hit their projected level or they don't and you have a retrace on your hands. Either way, every Fib is accurate to their own story. A fib cluster ...

Indicator Free Trading - Skunny

Just remember when you are rich and famous, that my fee is only 10% . Rule the market Checkz !

Indicator Free Trading - Skunny

Hey Checkz, you seem to be able to bring up a lot of Skunny's past posts easily. Do you recall many where he refers to clusters ? I am interested in looking into it further without having to wade through all the pages again.

Indicator Free Trading - Skunny

Absolutely right Checkz. The trend is your friend, and countertrend trading is highly risky. At least I know if I stuff up an entry for whatever reason, and I am in the direction of the weekly trend, then it is going to come back and pick me up ...

Indicator Free Trading - Skunny

Md - something interesting. — Along the lines of what you are looking at, but with the Fib correctly anchored at both ends (crucial). url

Indicator Free Trading - Skunny

Checkz — Fibs on weekly (5 Days) and last two days. They have given an almost perfect lineup on the cluster. It really doesn't matter how many Fibs, you place, as long as they are pulled correctly. The purpose of the cluster is to confirm the ...

Indicator Free Trading - Skunny

Checkz - GBPUSD — Fibs within Fibs and waves within waves. It is not uncommon to have a short time Fib and wave heading up before it turns down again to resume the major trend. This is why I am finding Fib clusters a very usefull tool to clear ...

Indicator Free Trading - Skunny

Agree also. — Weekly and Daily Cluster - perfectly lined up for 1.5795 target at 161.8 extensions. I'm in this already from the 0 lines. These clusters are proving deadly accurate.

Indicator Free Trading - Skunny