Draghi to speak. Have some small longs in as I don't see any major confirmations yet, but seeing enough to stick my toe in the trading waters. Prepared to bail if things get out of hand, but as long as they are going up, I'm holding .
FX4
FX4
Andrews Pitchfork (Median Line) 8,099 replies
Andrews Pitchfork 120 replies
andrew pitchfork 9 replies
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DislikedHi Donna,
Just thought I would share a simple setup I use with the pitchfork as a confirmation, it's a 121 or AB=CD pattern confirmed by the ML, I've only been using it for a month or so with some good results. Just thought you might find it interesting, as I have been following your thread with great interest.
Anyway, hoping to start my own thread when I can.
Cheers,
Jack.
PS It's probably not the best example, I can post some more if you wish.
https://p.twimg.com/Av-0aIMCEAAbR4i.png:largeIgnored
DislikedHi,
I've done a little bit of research, I read Greg Fishers median line study on the grain markets from 1990-2005 and he found that price reversed at the median line 40% of the time. So I'm hoping that with 121 combination that rises the reversal rate to 60-70% or something like that.
I have a programmer friend who was looking at putting it into an ea to check the stats on it, but to honest like you say in your signature it's a heart-mind game. And I think intuition and experience comes into play, the pattern has to seem balanced and you have...Ignored