So basically do you jump on a trade just because there is a good r/r ![](https://resources.faireconomy.media/images/emojis/64/1f615.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/2753.png?v=15.1)
Maybe we should look also to price action and don't let Tools use us
![](https://resources.faireconomy.media/images/emojis/64/1f615.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/2753.png?v=15.1)
Maybe we should look also to price action and don't let Tools use us
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
Better Andrews Pitchfork and MT4 14 replies
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Disliked{quote} Splain? Well, it's a buy, perhaps late, but with good r/r based on fork. Will be monitoring it closely.Ignored
Disliked{quote} Splain? Well, it's a buy, perhaps late, but with good r/r based on fork. Will be monitoring it closely.Ignored
Disliked{quote} Not to get on your case but there are several things wrong here, you're chasing by buying middle of the move, price is ranging so it's a noman's land. These has been no indication to either up or downside move. You're curve fitting the forks. I took a tab at it and it's still in dead in my opinion. You need to 1. analyze strucure and where it flowing and 2 .place forks in strategical manner not simply what looks best to the eye. Look into 123 reversal and 2b patterns for a way to Guage swing reversals. Srry for crapy spell I'm typing on...Ignored
Disliked{quote} Sitkhi, Kudos, that was a decent projection on AUDUSD for a retrace, then down to ML. There was more too it, as the chart shows, but overall, you suggested a strong AU peak could be in play, and that the downfork could be helpful. (See how the black PF did hold at a touch, but it was taken out before a bigger fall; very hard to have predicted that aspect of the chart!). You will recall that you were challenged that there was no reason to draw a downward pitchfork. I completely disagree! One should always draw both up and down forks using...Ignored