(binned per thread starter's request) May The Fork Be With You!

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The blue upfork is complete after price reached the median line from pivot C. Price now has no obligation to continue following the blue fork. It may but it may not. A new green upfork is in place although pivot C is weak. If price was to move down a bit more into the area of the WRB gap things would be more interesting.

Price has not yet reached the median line of the blue fork. When price fails to reach the median line we call this a Hagopian. The light gray rectangle is showing a possible line of buyers. The green fork is showing the possible continued path of price to the upside.

Happy Mother’s Day!!!

Missed this one. Should've had a buy limit.

Follow-up. Remember no trade.
Gray rectangle represents buyers taken out by the WRB Gap. Price returned to this area and PA supported a buy as shown.
The fork shows the path of price and price reached the median line as it does 80% of the time per Andrew's rule.

Sellers puking it out

The green up fork has completed. The median line was zoomed and price is testing it. However at this point price has no obligation to continue following the green fork.
A new fork (pink) can be entertained but so far pivot C of the pink fork is pretty weak. However if PA to the downside creates a decent C pivot then a trip to the median line of the pink fork is a consideration. Remember price makes it to the median line about 80% of the time.

Lazy to explain this busy chart but the sells were there. I'm on call today and tomorrow so having to pass on some of this stuff.

I mention that I am a hobby trader. I have few hobbies. Koi pond, Cigars, Wine/Beer, Guns/Rifles/Knives and current events in the US. I'm serious about my hobbies and spend time cultivating them. If you are serious about learning concepts related to trading using median lines and price action then I invite you to PM me and subscribe. Afterwards your participation would be appreciated.

am i right to take this trade?

I don't know. You tell me. Be serious or move on.

It produced a lower low and a lower high. That's the first thing needed for a trend change. No one knows whether a trade will work or not. But you can use basic, simple concepts to look for possibilities. The simple basic concepts have a tendency to work better than any indicator. ( and the wide range bar down and MPL held very well ).

If I could find that set up everyday, I would trade it.

Agreed and not saying this was or was not a valid trade. But would like some discussion. Who am I to verify a trade or give it a stamp of approval? The trade is the last step.

Just an example.
In this GBPJPY H1 the green up fork is describing the path of price to the upside. Although price has already reached the median line it retested the lower lower parallel and engulfed an outside bar to the upside...a sign of significant bullish strength. Price retraced into the engulf and now has made a new high in this time frame. 3:1 target reached.

I will comment.

1. Only you know why you entered this trade. However you did not give your reasoning for the entry.
2. By the chart provided you are in profit and so at this time it seems trade management is the only issue.
3. Knowing your profit target and how it relates to your trading plan in terms of your R:R will help you answer your own question.
4. It seems you have hastily drawn in median line and a blue box marking off a WRB gap. I assume that the gap may have been your primary reason to enter the trade although the entry is significantly below the box and in the context of this chart it is against market flow. Pivot C occurs essentially where your trade was entered so in reality the median line you drew in is an afterthought and after your trade occurred. I guess you could use it for profit target but again you did not state that nor does your chart show a target much less a stop loss. There is no other median line describing previous price before your trade. There is some significant market structure here that could be described.

I'm sorry if I sound rude but I don't think you put much thought into this post and even tough I've provided a pretty good reply I won't do this in the future. I do wish you well.

These signature wash/rinse structures were nice.

Hope this thread has been helpful to some but it's time for me to move on. Take care.