(binned per thread starter’s request) Andrews Pitchfork Trading

Hi

I'm a trader in the UK, timezone GMT. Welcoming anyone to share trade ideas, trading views, trading strategies (for any pairs).

I will use Andrews Pitchfork as the foundation of my trades supported by esoteric analysis (which I will not include because it has muddied the water for some and been a source of discontent for others). If you want exposure to the esoteric stuff you can vist my journal here: https://www.forexfactory.com/showthread.php?t=717741
which is updated as and when.

Ground rules:
Courtesy of Moneyfocus https://www.forexfactory.com/moneyfocus:
-Be polite to everyone
-If we can't agree, we agree to disagree
-I don't mind if we talk about other stuff other than forex, but forex always take precedence
-Any pairs can be discussed

Currently short the NZDUSD:

Entry 6921
SL 6930
PT 6865

Waiting for a short setup: I'm waiting for price to zoom through then retest the white median line at which point I'll go short with a 10pip SL and PT around 1810. I can't be more precise with entries because they are time based and driven by the slope of the Andrews Pitchfork. Alternatively, I will look to sell at the upper white median line with price action confirmation like LL LH triads on the 5.

I have a plan for the 1885-1900 level.

Hindsight and following textbook Pitchfork trading rules: opportunities to get in short are in the red squares and blue for long (more risky because the trade is counter to the Pitchfork's direction).

1877 containing price for now.

4h levels - H1889 - L1855


EURUSD: the zoomed the median line, the wife placed a sell stop on her account at the low of the previous bar
entry @ 1851
PT @ 1811
SL @ 1864

Moved SL to 6913 NZDUSD.

Conditions have altered and it is unlikely to continue to move lower, certainly not to the TP but could get lucky.


I'll join the wife short if the price is rejected from the median line in the blue box: 1850ish

Feel free to post your ideas and trading setups.


NZDUSD...making all the right noises for short profits but the small question of the lower upward sloping median line has to be answered.


Eyeing...GBPJPY.

Will not short the EURUSD.

NZDUSD: SL @ 6912

13:44: SL 6895

hi, i never had faith in pitchforks and others, but after seeing how your analysis is like wizadry, that convinced me to give them a second chance... is the yellow-cross indicator based on pitchforks too?

Hi,

Thank you for posting.

The yellow cross is a simple semafor indicator. I only have the ex4 but the source file can be found on the MT4 website.

15:05 NZDUSD - SL 6984


15:27: - If you have any questions about Pitchforks or want Pitchfork analysis done on a pair of your choice, just ask. I'm good like that.

Usdjpy:
Short @ 11220
sl: @ 11236
pt: @ 11142

Executed like an Engineer! Did you use a limit buy? Also do you ever use sliding parallels? Finally, why is your SL at that level?

Yes it was a limit order. I move SL up from previous swing. I try to keep the SL out of the way. My target is 3:1. I use sliding parallels infrequently. Don't really see their value. I do put in warning lines at times. I trade price action and not necessarily the lines.