I have not been looking at EURJPY, lately. Her is my chart and Pivot -Wave count - NOTICE - switch back at circle
Andrews Pitchfork (Median Line) 8,099 replies
Andrews Pitchfork 120 replies
andrew pitchfork 9 replies
Andrews Pitchfork video 22 replies
pitchfork trade journal 15 replies
DislikedI have not been looking at EURJPY, lately. Her is my chart and Pivot -Wave count - NOTICE - switch back at circleIgnored
DislikedYes. The chart I sent with the signal had the same switchback feature. By the way, do you trade during the news? Shorter-term traders tend to wait until the news has been released, or exit trades before the news is released. It is interesting to me how many times the news does not really affect the long-term price move.
In the case of the signal...price dropped about 8 pips below the signal target, then shot up. It happened to be at a Warning Line as well. What has been your observation?
FX4NewbiesIgnored
DislikedWave Trader,
Thought I would post it here for comparison...will not be a regular feature though. Signal and chart (EurJpy H1) were sent around 5:30 a.m.
I think your sleeping in was a good idea. Don't normally trade the news, but I got in on this one...a hectic ride. Don't need all that action .
So, if you are in a position, do you stay in?
Take care,
FX4Newbies
P.S. Your pivot counts seem a little unorthodox, especially your last 5.Ignored
DislikedIf, I am in a position and I like it - I ride the news. If my pivot and wave count are correct and I am well placed in the Forks - news will ususally drive me to a more profitable place and maybe an exit.
My Pivot - Wave count is different and the last 5 has not been set yet. It is no mans land to remind me I am awaiting were it needs to be placed.
Since eurjpy is still in an up trend - P5 is probally at this last low of 112.56
Happy HuntingIgnored
Dislikedhello fx4newbies,
you should not put so much weight in the forced forks. doesn't make sense.
look in the archives for mini forks.
it's summer time so i trade only daily charts and just look for the basic rules of andrews. and price hit the medianline on the daily and there were two short trades immediately.
i like it still simple and for me it works.
good luck
alexandraIgnored
Dislikedhello fx4newbies,
you should not put so much weight in the forced forks. doesn't make sense.
look in the archives for mini forks.
it's summer time so i trade only daily charts and just look for the basic rules of andrews. and price hit the medianline on the daily and there were two short trades immediately.
i like it still simple and for me it works.
good luck
alexandraIgnored