Just traded the GBP news. As expected. Big wind up before the big drop. More free money.

Indicator Free Trading - Skunny

another GBPUSD breakout? — GBPUSD looks due for a breakout. After yesterday's smash through the Daily 161.1 on the downside and the break of the weekly 50 fib yesterday, we've been in retracement mode to today's daily 50. Now the price is ...

Indicator Free Trading - Skunny

Oh heck, I left pips on the table again. You're seeing Daily candle fibs vs Weekly candle fibs.... Guess where our next level of support is? Guess where we enter another short from? UPDATE:... geez, it crashed through 1.6160 already. I think perhaps ...

Indicator Free Trading - Skunny

Target juuust about hit.... I think the GBPUSD is going to go lower thanks to breaking the 50 of the weekly candle as well. We may want to jump aboard for that one... The EURUSD is seriously going to hit 1.4000 sometime in the near future. Not sure ...

Indicator Free Trading - Skunny

Where are you aiming? I'm only going for the 138 retrace near 1.6200 , cause I hear talk of 1.6300 expiries today.

Indicator Free Trading - Skunny

With a clear break of the 100 and a bounce off the outside of that level, I'm aiming for the USDJPY to hit the 92.0 mark (or the 91.77 mark which is where the 138 fib extension is) sometime today. It will probably get there slowly and drag the other ...

Indicator Free Trading - Skunny

A little cheat sheet showing where the EURUSD went today (Daily chart). Smacked into both the fib extensions on the way down. Note the fib confluence between the fib levels and the standard Support/Resistance lines from the previous days candle. If ...

Indicator Free Trading - Skunny

Wow, I certainly left a lot of pips on the table. I'm still coming to terms with the psychology of trading my live account.

Indicator Free Trading - Skunny

Pinnochio never lies (!?) A freebie 35 pip move, entered on the on the pull back from the original pinnochio formation (which is the 38.2 retrace on the large swing low from a while back) It will probably even go higher, but I've banked my profits ...

Indicator Free Trading - Skunny

Pinnochio has shown up on the EURUSD

Indicator Free Trading - Skunny

Hmm... some heavy fib confluence spotted, plus a wedge. I guess we're going to bounce off one side of the channel or the other, or break out through the wedge at some point.

Indicator Free Trading - Skunny

hit the 161 extension

Indicator Free Trading - Skunny

I got into that move late but I chickened out and cashed out halfway there. Possible pinbar setup could occur if the price crashes back under the 100. Not sure where you are getting that 1.6293 figure... I'm looking at the fib from the last swing ...

Indicator Free Trading - Skunny

So what are we supposed to make of that breakout? (GBP/uSD H1) There was a double high, high close (signalling a breakout upward) at the previous high, followed by a retrace close to but not quite the 50, followed by another double high high close ...

Indicator Free Trading - Skunny

Note the double high, high close candle at the 100% retracement signaling the price to go down. On the last swing high, price pierced the 100 on the way down, so I suspect that prices may actually head back through 1.6059 at some point. At the ...

Indicator Free Trading - Skunny

It's hit 100% retracement of the swing low, that puts things in a rather interesting position. We're very close to breaking out of the 100....

Indicator Free Trading - Skunny

I'm still not quite sure where to draw fibs either. I'm trying on Daily candles, but the price doesn't always respect the inside levels exactly from single candles. I guess that it should be placed on definable swings, regardless of which timeframe ...

Indicator Free Trading - Skunny

I foudn this thread a few days ago and I am trying to learn as much as possible. I've had a small "aha" moment. I have noticed that because the GBPUSD has not broken it's daily range today, it has followed a predictable pattern between the daily fib ...

Indicator Free Trading - Skunny

Man, if I ever make a "holy Grail" bot, I'm calling it EpsilonMegaStar (tm)

scooby-doo BOJ JPY pairs trading robot

Ah, I see why now. Take a look at the Weekly candle for 2009.12.06 What does everyone think? A retreat towards 1.4700s before shooting off down a bit later?

EURUSD