{quote} Update: EURGBP 60 min SELL Chart reorganized. So far against me. Will hold through the weekend. {image}
(binned per thread starter’s request) Powerful is the Fork
- #21
- Jan 6, 2020 6:20am Jan 6, 2020 6:20am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
- #22
- Jan 6, 2020 6:24am Jan 6, 2020 6:24am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} Update GBPUSD 60 min pending BUY Filled overnight. Slightly against me. Will hold over weekend also {image}
Starting to move in the right direction.
- #23
- Jan 6, 2020 6:40am Jan 6, 2020 6:40am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
USDCHF60min
Interesting
Interesting
- #24
- Jan 6, 2020 6:45am Jan 6, 2020 6:45am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
EURUSD60min
Cool
Cool
- #25
- Jan 6, 2020 3:57pm Jan 6, 2020 3:57pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
USDJPY60min
- #26
- Jan 7, 2020 6:28pm Jan 7, 2020 6:28pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} UPDATE: GBPUSD60min SELL Starting to move in the right direction. {image}
Have been nicely in profit but not any where near profit target so holding. Buyers holding at the purple rectangle and lower parallel of the fork.
- #27
- Jan 7, 2020 6:33pm Jan 7, 2020 6:33pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} UPDATE: EURGBP60min SELL {image}
Holding
- #28
- Jan 8, 2020 2:47pm Jan 8, 2020 2:47pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} UPDATE GBPUSD60min SELL Have been nicely in profit but not any where near profit target so holding. Buyers holding at the purple rectangle and lower parallel of the fork. {image}
Exited at essentially BE. Will re-enter if price action is supportive.
- #29
- Jan 8, 2020 2:52pm Jan 8, 2020 2:52pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} UPDATE: EURGBP60min SELL Holding {image}
Hanging on to this one but its like watching paint dry. TP entered.
- #30
- Jan 8, 2020 2:59pm Jan 8, 2020 2:59pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} Thanks FX. I did not get in where I wanted to sell but I like how that engulfing took out the 2 bar tail so I've got a limit sell with a target at least to the red rectangle down there. I'd love it to go to 1.10!!! {image}
Pulled sell limit!
Now looking like a buy.
- #31
- Jan 8, 2020 6:13pm Jan 8, 2020 6:13pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
ES 60min
- #32
- Jan 13, 2020 7:22am Jan 13, 2020 7:22am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
New week. All flat.
EURUSD60min
For overall context
EURUSD60min
For overall context
- #33
- Jan 22, 2020 7:12pm Jan 22, 2020 7:12pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
GBPUSDH1
Considering buying at the green rectangles
Considering buying at the green rectangles
- #34
- Jan 23, 2020 3:18pm Jan 23, 2020 3:18pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
GBPUSDH1 Considering buying at the green rectangles {image}
Green rectangles = potential buy zones
- #35
- Jan 23, 2020 3:20pm Jan 23, 2020 3:20pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
EURUSD60min
Red rectangles = potential sell zones
Red rectangles = potential sell zones
- #36
- Jan 24, 2020 8:20pm Jan 24, 2020 8:20pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} GBPUSD60min Green rectangles = potential buy zones {image}
Time to study and get ready for next week.
- #37
- Jan 24, 2020 8:24pm Jan 24, 2020 8:24pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
EURUSD60min Red rectangles = potential sell zones {image}
EURUSD60min focused
- #38
- Jan 29, 2020 6:50am Jan 29, 2020 6:50am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
USDJPY60min
The chart is a bit messy but to illustrate something. The blue fork is the major fork in this frame. The blue diagonal lines measure the major swings characteristic of this fork.
The yellow fork is minor. The yellow diagonal lines follow the minor swings.
Price zoomed the median line of the yellow fork and the bearish WRB gap shown by the 2 green lines.
Price tested the next WRB gap shown also by 2 green lines and is now retesting the zoomed gap and yellow median line.
Buying here is possible but risky but trading is all about risk. Knowing this and taking proper stops makes this a reasonable buy for those who understand this rather than getting upset when they get stopped then saying "forks don't work". Forks always work. They can't fail. Only one's understanding of what the fork was suggesting fails.
The chart is a bit messy but to illustrate something. The blue fork is the major fork in this frame. The blue diagonal lines measure the major swings characteristic of this fork.
The yellow fork is minor. The yellow diagonal lines follow the minor swings.
Price zoomed the median line of the yellow fork and the bearish WRB gap shown by the 2 green lines.
Price tested the next WRB gap shown also by 2 green lines and is now retesting the zoomed gap and yellow median line.
Buying here is possible but risky but trading is all about risk. Knowing this and taking proper stops makes this a reasonable buy for those who understand this rather than getting upset when they get stopped then saying "forks don't work". Forks always work. They can't fail. Only one's understanding of what the fork was suggesting fails.
- #39
- Jan 29, 2020 7:09am Jan 29, 2020 7:09am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
USDJPY60min
Same chart as previous post without the forks.
This is actually how I follow price often without the actual forks cluttering the chart.
Instead I concentrate on the actual swings and the price action especially when significant effort is made as in gaps and similar price action signatures.
When effort gets reversed as in a bearish WRB gap getting taken out by bullish price action this gets me interested.
Many seek so called "frequency" where price seems to consistently respect the fork lines. Those new to forks waste much time trying to find a fork with "frequency" only to get frustrated when price stops following said frequency with their next trade. So they abandon forks saying they don't work. These traders were just never introduced to proper fork theory. Relying on the "frequency" phenomenon as a primary way to trade using forks ignores what forks really do. Forks inherently describe swings and project price based on the swings. It is the swings and the price action that makes up the swings that one should concentrate on.
Same chart as previous post without the forks.
This is actually how I follow price often without the actual forks cluttering the chart.
Instead I concentrate on the actual swings and the price action especially when significant effort is made as in gaps and similar price action signatures.
When effort gets reversed as in a bearish WRB gap getting taken out by bullish price action this gets me interested.
Many seek so called "frequency" where price seems to consistently respect the fork lines. Those new to forks waste much time trying to find a fork with "frequency" only to get frustrated when price stops following said frequency with their next trade. So they abandon forks saying they don't work. These traders were just never introduced to proper fork theory. Relying on the "frequency" phenomenon as a primary way to trade using forks ignores what forks really do. Forks inherently describe swings and project price based on the swings. It is the swings and the price action that makes up the swings that one should concentrate on.
- #40
- Jan 29, 2020 7:23am Jan 29, 2020 7:23am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
GBPJPY60min
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