Fibs and Forks

Closed for business~

I hope the new thread works out for you. Do you intend to expose any details of a system, or do you actually expect us to wade through a 300plus page thread first?

All the best.

K

Could you please give a detail introducion about the "Andrews Fork " system.
regards

short primer andy pitchfork ... only 3 pages, sehr gut!

My recent trade...I don't really wait for the 50%..being a greedy sob and always worried that it won't get to the 50% anyhow I almost always start selling around the 38.2..hey it's easy money..Btw I mostly enter on second candle confirmation and miss more pips that way..but it's a safer way to enter a trade and them fibs are strong magnets

Here's a close up..also please note that when fork is on a down move then I place the nr1 of the fork structure a bit higher, and when the fork is placed on a up move I place the nr 1 a bit lower..works for me..experiment to find what works for you:

Jane thanks for posting the nice explanation of the Andrews Pitch Fork..I really think it's a brilliant instrument that works perfectly when one knows the trend of the pair in question..now combine this with dem fibbies and you're cooking!



short primer andy pitchfork ... only 3 pages, sehr gut!
Attached Fileshttp://www.forexfactory.com/images/attach/pdf.gifAdvanced_APFs.pdf (73.2 KB, 35 views)

I'll try to post some previous trades..some I missed being busy with trading stocks and reading PR's and filings etc..I'm slowly trying to make Forex trading 75% of my trading activity..give me time~
Here my entry on the second candle ran me straight to the 50% and more..try this stuff on paper for awhile and you'll see why I'm having fun

This one shows you gotta have patience and a stoploss..I know many don't care for it, but I had my butt burned plenty so I have one always..Forex is so filled with tantrum moves I'm not taking any chances..btw I traded this Fork twice..very greedy!

I don't know if I should post any more previous trades..let me know if you want more..next week can't be soon enough~

Here I played the second candle entry and got out when it got to the 38.2..when I saw the third candle open higher than the second's body I entered again and rode it to the 50..it went way higher than that and I cursed a whole bunch of times

Going down was a very easy play..the second candle was easy entry and the third candle went down to the 50 very smoothly

Here I got stopped out and got emotional so I didn't get back in when the price dropped back into play..yep just call me stupid.

Fork being constructed:

The 30 Min shows the second candle:

Fib 23.6 is the resistance~

Fork broke through the 23.6 resistance..watching and adjusting:

could you explain more

I'm playing the fibs long .....around 1.9977 (23.6) looks like the next resistance coming..I will play the fork short when I get my second red candle..doji being formed right now might be the tip off for change in direction:

I'm out of my long position and have started nibbling short~

I'm being careful cause it might still want to do a quick bounce off 1.9977 ..I would definitly add more short on that bounce~