Fibs and Forks

Second candle not real red yet..market coming close to end of session also~

If price reaches first target i sell..then if it breaks through the target I will play it again aiming at the second target down~

First target met and it feels good~

hey, little off topic but, what do you think of the fork method? i just try them out few days ago, made 4 trades all winners with at least 50pip(single lot) gain. im gonnna try to learn this fib method see if it work well together.

shengster http://www.forexfactory.com/images/s...ser_online.gif
Member
I tried trading Forks but was never consistent..now I trade along the line when the Fork is being shaped and trade in the other direction when the Fork goes into action..having added the Fibs has made all the difference..To learn all about it go to my first post on this thread and follow the link..watch the videos and read the first 120 pages or so..it will improve your trading tremendously..Good luck~

Fibs, forks, trendlines, channel lines, pivot points, and the 21 and 200 emas all have my vote of supreme confidence.

Targets met and some more...meanwhile looks like we might be bouncing of the 1.9861 ...maybe the start of the Fork~

Target going further down would be 1.9836..we'll see..we follow the market~

1.9836 done..1.9815 next? I hope so...the longer down this goes the more pips for the fork. Besides so far being short to create the base of the Fork has paid off many pips..Remember at each target I get out and only once it breaks through convincingly will I make it a trade again aiming at the next target..sometime I look on the 30M for a confirming second candle if the 1H doesn't~

Well we're still going down so far and I have been adjusting the Fibs and Fork accordingly..1.9790 looks like the next resistance..

On a 7 day Fib drawn down on Jul22 we see the 23.6 holding the price right now...1.9712 (1.618) would be the far target after that~

Ok we have our first little green candle ...let's see if it's the beginning of the Fork~

On the hour it looks like a little star Dojo..that can change though~

..and looks like it might go down some more..if it does then next resistance at 1.9750 and next Fib at Jul 10 1.9710....we'll see~

Ok am all cash now..was a great morning and can't wait to play this Fork..but a dentist appointment is what I gotta take care of now..I hope that those of you lurking made some money as well...when I get back I'll just adjust the chart and continue trading them Fibs and Forks~

Second green candle..let's make some more Pippies~

Targets are the Yellow Lines..

Will we get to the first target?~

I gotta run for a bit, so I took my profits just a few pips of first target~

Ok first target done at 23.6..now let's see if she bounces off or breaks through for our second target at 38.2~