A Break — I'm not trading this, but for learnings sake, this is yet another example of what we are looking for in a simple fib trade. We have a low break and with that we wait for retracement. In an ideal situation we would enter at the inner ...

Indicator Free Trading - Skunny

On another note — Alright..The stimulus is even closer to passing...I am going to wait next week to take any more positions. Do you think it is an accident something like this becomes official or not when all markets are closed?

Indicator Free Trading - Skunny

Current situation on the 15 — Here is what I am watching right now. Which way will she break? This happens to also be an inside bar on the 30 and 1h. All this stuff inter-relates.

Indicator Free Trading - Skunny

lol — We'll get there..But getting acquainted with these simple principles is the most important thing. Once you have the simple stuff down we can learn from there and build up.

Indicator Free Trading - Skunny

Hey — Hey, I just put together a simple script for you guys with the few simple fib levels you need. Put this file into your scripts folder within MT4. Go to program files, find MT4, the script folder is within 'experts.' Once you have the ...

Indicator Free Trading - Skunny

Hey — a: I always use new s/r after a previous cycle completes. Those fractals I used in my post were just that. b: yes, when a T1 is hit the cycle completes and a new one starts.

Indicator Free Trading - Skunny

No problem my friend. This thread really needed to get back into the main stream. It might take a while for people to discover it's significance again. A fib can be a powerful tool when understood and applied appropriately. I don't know what the ...

Indicator Free Trading - Skunny

Trendline — now the test will be the main lower trendline on the 4hour

Indicator Free Trading - Skunny

Confirmed — We have a DHLC on the 15,30, and 1hour.

Indicator Free Trading - Skunny

PA — Here is a good example/ possible setup of a fib and price action working hand in hand. A possible double high low close forming now. We'll see

Indicator Free Trading - Skunny

A look at fresh S/R — Here is an example of new or fresh S/R. Notice that a larger fib just completed, and a fractal formed below the T1 and then a new high fractal formed shortly thereafter. Those 2 new fractals will be our new fib. I hope ...

Indicator Free Trading - Skunny

Daily — Daily says short... You could trade down to that lower TP if you wanted. I like to use the daily only for reference though. Right now we are undergoing consolidation though, so this might take a while, and remember, these are never ...

Indicator Free Trading - Skunny

A possible short — Here is now a good short opportunity. This is a large cycle, and is therefore more dangerous, but if you wanted to trade this fib, this is the time. We are in the middle and have a trigger. I like to employ price action in ...

Indicator Free Trading - Skunny

Money in the bank — Complete and repeat, its simple and profitable. Think chess.

Indicator Free Trading - Skunny

Another look — Here is my 15 minute chart. You can see we have a trigger, or a break of the upper 0/100. This fibs T1 target will trigger another trade on a higher time frame (the h1). Trading fibs is kind of like playing chess. You have to ...

Indicator Free Trading - Skunny

quick note — none of these are guaranteed, my stop is at the lower 0/100 of this fib, and my TP at the upper T1. This style of fib is as simple as it gets with a very high win rate, especially if you can get in at a retracement. I personally ...

Indicator Free Trading - Skunny

EUR Scalp — Just to kick it off again. Here is an example of an indicator free EUR trade using a fib.

Indicator Free Trading - Skunny

Twee — Where did all the later posts go that were part of this thread? I just want to make sure that if this tread does not loose any integrity in it's content. It was a whole evolution of thought that needs to be connected for those who want ...

Indicator Free Trading - Skunny

Wow — What a shock...I'm speechless. Welcome back Skunny! Do you plan on doing any fib stuff here? Scotty B

Indicator Free Trading - Skunny

Violent movement — I am watching a great possible setup forming now. The market is unsure, investors do not know what to do. Violent movement is imminent. I say down, but it price keeps moving higher and can break 1.3100, we will see an ...

EURUSD