Andrews Pitchfork (Median Line)

i see about six chances here to make money maybe more. great frequency on this guy.

if i am correct, then there has been 6 chances *gg
what about now? is there any kind of setup?
mostly the medianline is a bad trigger..as we know there can happen three things..so i guess we have still to wait for a new setup and trigger in this tf.

good luck
alexandra

Eaglestar and Forktrader, who are your guys brokers?

I exited my EURO short at 1.3369 (10 pips above the bottom). Forks on 60 mins and 240 mins chart did not gave the correct signal (price is hanging in the air), but I happen to have a trial version of Ensign and I used 377 ticks chart.
I will post the chart tomorrow, as it is on my other computer.

I will post EUR setup sometime in Asian session.

fork?...

EURUSD 377 Ticks chart that I mentioned in last post

Gone long EURUSD @ 3382

stoppped out in reverse trade now

a setup is forming but no trigger yet..but i guess we will see soon a move.

as seen on the 1h chart the ml is mostly just an magnet but no good trigger line.

good luck today

eurjpy should be watched too. energy point right now ...

Closing my short position on EURUSD @ 1.3296

Yesterday, I was bullish on EURUSD, got long @ 3382 stopped out @ 3369. Got short @ 3374 and exited @ 3296. Net profit of +65 pips. I could have done better, if I have not gone mad yesterday.
Now, I think sanity is back in me.
So I am not bullish, but I am keeping an eye on these setups.

looks like a bull flag at the moment. always a good sign.
first move was stopped by the warning line and the medianline.
anyhow this is just a small timeframe. in the higher tf we need confirmation for a possible trendchange. not just an morning star on a mlh.

good luck

Here is a fork on KFT on a weekly chart, and I want to take it short soon, but the last test of the upper fork line is 4pts wide if I were to take it short on this re-test...thats a very wide stop

How would I trade this short, but still have a tight stop?

If I will have to take this trade, I will short it on the zoom and retest of the UML of the red fork. Also drawing the mini fork (blue one) inside the red big fork might give you better entry and tight stop.

Shorting on this timeframe in current market is not very safe.

Also take a look at CDE. It was an excellent long few days ago.

I bought ensign yesterday. Trading is going good.

I posted this setup, I think 2 days ago. It has been working as expected. Now desperately looking a good long entry.

Fork, can you comment on my chart above please? Is this a trade I should take dispite the large stop loss?

Watch for sellers first. I will not short it right now. 2 weeks from now things can change. KFT is right now at 30, stop loss around 35, about 16.7% of risk. Why would you put yourself in such a situation?
Opportunity lost is better than money lost. Other opportunities are just around the corner.

I am learning to trade from 2 people. Bill Williams and Tim Morge. I often combine their systems, when I am in doubt. Both the systems are saying no to short. In words of Bill Williams, keep your powder dry.