I feel a bit more confirmed about the move down to the 138. I hear talk of selling between the clustered pivot at 1.5050 and 1.5070. Looks like the best trade in the near term is to enter for a sell within those ranges and target the 138 fib below. ...

Indicator Free Trading - Skunny

Just looking at where the opund might go today. Lots of fib clusters up north, at the pivot, resistance2 and 3. Meanwhile, down below, we have a 138 sitting out there in the open with a clustered support 3... It seems like a reverse of yesterday's ...

Indicator Free Trading - Skunny

How about using fractal signals from a fractal indicator? The fractal indicator is too lagging to be used to trade manually with, but seems to indentify swing candles with a fair degree of accuracy. Either this or the ZigZag indicator....

SSS EA v1.0 - Auto Trader Bot

I think you misunderstand what I did. I started a trade down from the 161.8 extension, but put a stop just behind the inital pierce of the 161.8 when the price moved down to the 138. Then the price flung back and went through the 161.8 on that spike ...

Indicator Free Trading - Skunny

Grr... I'm just miffed that my stops were killed (or I entered too early). If there was some way I could have avoided having my stops killed too early, I'd be all ears. I guess my stop was too tight... but I find it hard to understand why the ...

Indicator Free Trading - Skunny

stops killed — My (tiny) stops were killed by the following spike to signify that, yes, we could go higher than 161 today. There was a hell of a battle going on at the level, so yes, that price point was heavily important. I'm still trying to ...

Indicator Free Trading - Skunny

I'm not sure what he meant, but just looking at today's GBPUSD movement, it seems that most of the action happens between the 0 and 23.6 I keep seeing interesting behaviour of the price in between these levels.

Indicator Free Trading - Skunny

161 hit — OUCH! ... and not even the courtesy of a reach-around. Ok, all bets are off now. With those levels taken out, I am now in a sell position. The price cannot go any further up today. It can only go down IMHO. We have taken out ...

Indicator Free Trading - Skunny

Well I certainly think it is key to the personal ATM we all dream of. Anyway, my unrealistic half-guessing prediction that price would get to 161, was yesterday I pulled up a chart and placed the prior daily candle extensions on top of the daily S/R ...

Indicator Free Trading - Skunny

I'm going through reading all the expert calls on the GBPUSD today, and nobody suggesting that the pair is going to escape 1.6020... ..well, Mr market likes 138.2 a lot. It kissed it and is now showing a bit of an allergic reaction. I'm still ...

Indicator Free Trading - Skunny

Thanks for the info. I have been looking at prices cross the zero line and am still a bit in the dark about how to read them. Sometimes they blow through and not come back. Othertimes they don't cross, but bounce off and head the other way, and ...

Indicator Free Trading - Skunny

A cluster is when all the fibs are laying on top of each other, suggesting strong or weak resistance depending on how close they are together. I am looking at cable again, and I'm not sure how far up it wants to go before flying back the other way. ...

Indicator Free Trading - Skunny

Thanks Steve. I've been working on an EA that uses fib retracements, and here's a routine I used to find and return the value of a particular fib level. Accepts the arguments (hi, lo) of range to fib, and a fibnumber to determine which fib value to ...

SSS EA v1.0 - Auto Trader Bot

Since I don't really know how your EA trades, I'm not sure it will be much help to you... Having said that, what I am suggesting is an EA that "reads" support and resistance and price action. In manual trading, I can manage a high degree of accuracy ...

SSS EA v1.0 - Auto Trader Bot

Totally agree. The ONLY thing that works as SL and TP with any accuracy over time and market conditions are fibonacci retracements and extensions. Price respects fib levels more than it does abitrary TakeProfit and Stoploss values.

SSS EA v1.0 - Auto Trader Bot

Fib-in-fib — Here's what I was talking about. Note that this is just some weird feature that I stumbled upon, and I still haven't worked it out yet...... Note how the price respects the yellow fib lines between the red fib lines. (The red fib ...

Indicator Free Trading - Skunny

I suspect that it's going to go there. We just cleared 1.6100 by 3 pips. 3 seems to be the magic pip-number over the line that signals the direction of price -- eventually. Something else I discovered while playing with fibs were fibs-in-fibs! (No ...

Indicator Free Trading - Skunny

Sorry to burst your bubble, but I'm an expat Aussie. Where are you from? Don't tell me you're a sheep-sh***er? Anyway, thanks for the tip. I will get to reading more. I am trying to bash out my own system, and I seem to have something ...

Indicator Free Trading - Skunny

Thanks for the encouragement. I'm only about halfway through this thread, but I've picked up a hell of a lot already. Any place I go go to read about your method?: is it in this thread later on? To be honest, I'm a better EA programmer than trader ...

Indicator Free Trading - Skunny

It stopped at the 76.4, and due to the previous day's action (the weekly 50), I had a hunch it was going to south. I also felt that if it broke higher to and get a bit closer to 100 it may have signaled a reversal, but it didn't... and as it turns ...

Indicator Free Trading - Skunny