Yeah i was looking for a retest to around 2230 area myself.

Cable Update (GBPUSD)

Haha, thanks for the laugh!

EURUSD

You beat me to it! Haha

Cable Update (GBPUSD)

Nice stuff...you should go on the road and teach this stuff somewhere. Oh.....wait.

Indicator Free Trading - Skunny

Thats a very interesting post DX. I've always wondered why some fibs that really work well, aren't started at the absolute peaks/troughs of a swing. You might be on to something here! Charlie

Indicator Free Trading - Skunny

Oh definately i know that! Believe you me i've gone through all of the posts more than once in the last month and a half. Just not a heavy poster myself. Anyway what i meant was i used a chart with weekly bars in this example. Wasn't meant to be an ...

Indicator Free Trading - Skunny

Super fib? — Ok so i was going back into past data and fibbing all over the place to see where fibs work and where they don't....anyway making a long story short i fibbed weekly EU and this is what i came up with.. My questions for anyone ...

Indicator Free Trading - Skunny

I can get them up to daily on G/Y. I think the weekly and monthly are far and few between. With metatrader you wont get the different color unless the open/close are the same to the pip. The higher timeframes its much more unlikly for a doji to ...

Indicator Free Trading - Skunny

I totally agree, for trading purposes with the method that Brunite were talking about the signal was false. (which is why i closed the trade). But i do believe that the target will be reached at some point. Albeit it could take weeks or months. ...

Indicator Free Trading - Skunny

Brunite, here is an example of what i think we were talking about. The first chart is the 5 min chart where i took the trade at the high of the 1 hour bar. The second chart is the 4 hour time frame. The third chart is the daily time frame. As we can ...

Indicator Free Trading - Skunny

Hi Brunite...by the mere fact that I'm using the 1 hour high/low candle, i almost always see those two areas as both support and resistance. (especially with the 5 minute candles.) After that i usually see two types of trades... 1) a five minute ...

Indicator Free Trading - Skunny

I've been doing the same type of exercise on live demo from Jan 15 to Jan 23. I traded most pairs using hourly bars high/low on the 5 minute time frame. If the 5 minute bar closes above the 1 hour high, or below the 1 hour low...i took the trade ...

Indicator Free Trading - Skunny

Skunny in this situation, is this a proper place to draw a correct fib? Charlie

Indicator Free Trading - Skunny

It looks like a place someone might draw a fib. Its at the previous days high which hasn't been broken yet and is bouncing off the 50% retracement level from that high. Charlie

Indicator Free Trading - Skunny

Rocroy.. Thank you for your insight. 1) I believe the goal of the thread was stated in post number 1. "I've opened this thread for quality conversations and debate about learning HOW to trade." 2) I don't think this is a simple breakout system ...

Indicator Free Trading - Skunny

DaGoods, My thoughts are: If all the time frames pointed in one direction then that would probably be some easy pips. But we all know that doesn't happen all too often. But lets say for example the daily has been in a downtrend and hits a 50% ...

Indicator Free Trading - Skunny

I agree, i wouldn't have taken the long position because the candle did not close on the other side of that fib level. Now one could say that in a smaller time frame like 5 minutes or so that a candle would of closed beyond the fib level...do you ...

Indicator Free Trading - Skunny

I totally agree...i have been thinking the same thing that at a major swing point or reversal the smallest most recent fib rules the larger one. At least for that time period. Charlie

Indicator Free Trading - Skunny

Skunny ...i was working all weekend on fibs and trendlines and i found a huge area of support in this chart... With your name on it! Charlie

Indicator Free Trading - Skunny