DislikedHi there
I know this is a journal but I hope it's ok to ask for some help with pitchforking...
I just started to dab into it and I don't have much confidence in selecting the right pivots...
Could you take a look at these charts and see if I got anything right?
much appreciated, thank you
Chart below is what I think is right and traded from...
Attachment
The two charts below shows two different pivots and therefore shows a very different story...
Attachment
I think this one makes more sense because more points seem...Ignored
Sure you can post a chart and ask questions.
Your first chart got some nice touches and gave you a good entry to short. Looks like an H4 timeframe. Can't see all the pivots, but it seemed to work well for you.
Your second chart used some good pivots as well. What I was concerned about was this statement:
I think this one makes more sense because more points seem to hit and react to the median line.
Here's why...
Although Andrews' rules do allow some room for the selection of the anchor pivot (Pivot 1), you really want to avoid "fork-fitting". Try to utilize the swings and pivots that price generated as it moved.
I have attached a chart with two options. They both tell a similar story: one just does so a little sooner. What you did was not "wrong", but I would guard against that mindset of adjusting the fork to fit the price. In hindsight, the second one makes more sense as it confirms the price action because price failed to hit the ML. Let the forks tell the story on their own. Don't try to tell your story through them.
Hope I communicated my thoughts to you clearly.
Good job though. Keep going .
Regards,
FX4