Andrews Pitchfork (Median Line)

Nice EU fork here trading along lower fork line on 4hr

chart

Nice Catalin on the 15min EU w/ sliding parallels

is anyone else experiencing a disproportionate amount of wash n'rinse of late??

Yes, especially on GU / GY, I like to stick more to EU and AU now and make less trades.

What is the solution ? I always thought : then either trade ultra-shortterm, grabbing some 4-5 pips multiple times, OR trade on the 4H and higher.

Current Dollar strength overall : although I almost never trade UJ I took a small countertrend up for 10 pips. Good trading, please send more charts if time permits.....

Taking profit now, as short-term rsi divergence forms, but probably further downside potential.

Nothing much happening now...I wait. Will GU be dragged down by the Euro or not ?

hi, justcatalin, i just a learner of this trendline method, i am study elliott wave for a while,do u have any book or e-book about these 2 thing combine to read, thanks so much, kidd

Countertrend but am thinking it might first return to the ML before possibly resuming further uptrend....

AU & EU moving up nicely and very nice test-retest set-up on GU appears, then surprisingly, it disappoints..........followed by chop, chop, chop

this and wash n'rinses, hmmmm.........

GM - yes, typical - very good example. During all the last 6 months I never had much success with GU, although it often looks tempting and " seems " to follow technicals very well. Now I mainly trade EU and AU. But I dont know, on the other threads some trade GU on 5min etc. and seem to do quite well. But one of the reasons I want to study ML more is because I dont want to have to jump in and out constantly - only a sign of fear for me. There MUST be a way to trade on at least 20min/30min/1Hr that is better..

analysis on uj and au on 1hr

eu 15 min, only short spike up...?

Sell off stopped at one standard deviation (Warning Line) of Up Sloping Slate Blue Andrew's Lines; creating an energy point to long for now.

Edited: With the Daily perspective in place; this 'bounce' yield a -100 ppts+ up move. One can take profit at the Energy Point or Long for this bounce for the bounce in the hourly time frame.

the strength of the pair halted at the down sloping upper Median Line.

Thank you, I especially like the UJ, explaining where all this resistance is coming and preventing it from simply going up....

Is this a Catalin fork?

Yes

This long awaited fall of NZD was finally achieved. Now looking for a new bottom.