At the very least, I'm glad I kicked over the right rock and found all the old ants. Great to see all of you guys. Wow, I must be ruffling the right feathers here if Karma is inspiring you all to get involved. I'll take the guru comment as ...

Indicator Free Trading - Skunny

I don't know if that is going to work, Euro. One of the rules of Fibtown is that you must think positive at all times and I'm not so sure you can live up to that. Also, you must be able to operate an automatic weapon, drive a tractor, and preferably ...

Indicator Free Trading - Skunny

I had heard recently that Skunny was buying some land in Guyana to start what is touted to be a traders training camp. Is there any truth to this? I heard it was going to be very beautiful there, like heaven on earth. All the buildings and grounds ...

Indicator Free Trading - Skunny

Awwwwwww, brownie points for you cowboy!

Indicator Free Trading - Skunny

I agree. If there is a legitimate, super secret pattern behind price movements, it is external to the market. The philosophical implications of such a pattern would be kind of scary. Ratio's that have knowledge of something that does not even exist ...

Indicator Free Trading - Skunny

The majority. The hours can be better spent on other things.

Indicator Free Trading - Skunny

Dude, we are in agreement. S/R trading is not a bad thing. It is the direction of the bounce that gives you your real signal to trade, but it's the target thing that is ridiculous. It's ridiculous, but it's what saves you. Most traders won't just ...

Indicator Free Trading - Skunny

Thats what I'm doing..I'm just pointing out the obvious so that all the newbies don't get suckered into the thousands of hours thing. Just enter at S/R and hold on for dear life. What I'm not going to do is pretend there is anything more to it.

Indicator Free Trading - Skunny

That's what I'm saying, the 138.2 target is where you are prepared to hold a trade to, but the market isn't going to stop there unless, by chance a hedge fund or someone of similar weight happens to place an order there.

Indicator Free Trading - Skunny

I rest my case. 2000 hours of blood sweat and tears, 5000 hours of blood sweat and tears, you fill in the blank. It is basic S/R trading, to "ish" targets. It is your faith that floats your boats, but like I said, that's alright.

Indicator Free Trading - Skunny

I agree 100%, especially if effectively means they continue working over the span of a long career.

Indicator Free Trading - Skunny

The Nitty Gritty: On the most basic level the adjusted-skunny style fib is stretched so that the inner fib levels perfectly highlight existing S/R. Because of this, it is not surprising to me to see that the market continues to react at what are ...

Indicator Free Trading - Skunny

What ever happened to Dagoods? Is he still active over on the other forum?

Indicator Free Trading - Skunny

Well, Bart..It's Sunday morning, at least in my neck of the woods. I figured it might be a fun topic to flesh out. Since the mathematical side was already excluded, I thought I'd try the divine side. It sounds like everyone prefers the agnostic ...

Indicator Free Trading - Skunny

Alright..So if God has gone to the trouble of arraging turn around points on all these differant fib levels, why doesn't he hold the market to the math? I know I know, the market almost uses the level, but it does not use the specific price that the ...

Indicator Free Trading - Skunny

A picture does speak a thousand words, or so they say... If you could consistently get huge moves like that with a high win rate and razor tight stops, all I can say is all the power to you. My question would be, does it really work that great in ...

Indicator Free Trading - Skunny

Mark Ritchie tells a story of a guy who came down to the trade floor who's trading plan was pretty much "I'll do what ever the Lord leads me to do, I'll trust him to give me buy and sell signals..." As it turned out, the dude lost all his money and ...

Indicator Free Trading - Skunny

So why does the market follow fibs, if it infact does? What would cause the phenomenon?

Indicator Free Trading - Skunny

Your viewpoint makes sense, Hanover, especially if price is your primary input when it comes to making trading decisions.

Indicator Free Trading - Skunny

You've pinpointed why I don't like this fib style, David. There is simply too much going on. Because there are 'so many active fibs...all at the same time,' it's pretty subjective as to which one you want to follow. The golden word the fibsters use ...

Indicator Free Trading - Skunny