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Andrews Pitchfork (Median Line)

  • #2,021
  • Jun 6, 2010 7:04am Jun 6, 2010 7:04am
Nice fork for sure! Thanks
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,022
  • Jun 6, 2010 7:23am Jun 6, 2010 7:23am
Quoting ice_chill
USDCAD looks almost too perfect on 4H and 1H
Yeah...that's a great fork setup. I have this downsloping fork added as well. Price closed the week right at an energy point. Interesting...

Also, notice how price blew right through the upper quartiles of both forks (ignored them like Kobe did Chris Rock in game 1 of the NBA Finals...lol). I'll keep my eyes open to see if there is any support from either of them on a pullback.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,023
  • Jun 6, 2010 7:30am Jun 6, 2010 7:30am
Quoting kapital
If anyone is interested in doing some real-time chatting and charting, I've created a room on Paltalk entitled "Pitchfork Trading". Come on in!!!
The store is open again for a few hours.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,024
  • Jun 6, 2010 10:57am Jun 6, 2010 10:57am
Quoting kapital
Yeah...that's a great fork setup. I have this downsloping fork added as well. Price closed the week right at an energy point. Interesting...

Also, notice how price blew right through the upper quartiles of both forks (ignored them like Kobe did Chris Rock in game 1 of the NBA Finals...lol). I'll keep my eyes open to see if there is any support from either of them on a pullback.
Givin the strong rally up, would you still short this off the yellow upper fork line or would you wait for price to fall to the bull fork median line before buying?
  • #2,025
  • Jun 6, 2010 11:02am Jun 6, 2010 11:02am
Quoting ice_chill
USDCAD looks almost too perfect on 4H and 1H

Are you long right now, or if not where would your entry be..the median line I assume?

My question is, when we have these strong trends, what do we do when price never comes back down to the median line but instead comes down a little bit but continues upward?...do you know what i mean?...

I see this in stocks that have big moves, where price never gets weak enough to fall to its median line, and I wait on the sidelines, watching at it keeps going up without me.
  • #2,026
  • Jun 6, 2010 11:07am Jun 6, 2010 11:07am
I'm neither long nor short right now, I will decide once the market opens as there might be a big opening gap. But I am considering going short if it looks right.
  • #2,027
  • Jun 6, 2010 1:55pm Jun 6, 2010 1:55pm
Quoting big_pipin
Givin the strong rally up, would you still short this off the yellow upper fork line or would you wait for price to fall to the bull fork median line before buying?
Taking a short at the upper sliding parallel would be a reasonable trade to take especially on a re-test.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,028
  • Jun 6, 2010 2:12pm Jun 6, 2010 2:12pm
Quoting kapital
Taking a short at the upper sliding parallel would be a reasonable trade to take especially on a re-test.
Depending on the nature of the overall market, the first test might be the better trade.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,029
  • Jun 6, 2010 7:09pm Jun 6, 2010 7:09pm
Hello again traders,

Hope you had a wonderful weekend.

Well, the market is open. Price dropped to test the lower parallel line of the red fork. Is now in a primarily sideways mode for those who scalp.

We'll see how the Asian session performs in preparation for the London session.

Take care and follow your rules...me too!
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Trade what you see, not what you think or feel. Let the market come to you.
  • #2,030
  • Jun 6, 2010 8:15pm Jun 6, 2010 8:15pm
Price did not make ML on green fork. Also broke MLH. Finding support at WL2. In the target zone.

Next... London session
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Trade what you see, not what you think or feel. Let the market come to you.
  • #2,031
  • Jun 6, 2010 10:15pm Jun 6, 2010 10:15pm
Quoting FX4Newbies
Price did not make ML on green fork. Also broke MLH. Finding support at WL2. In the target zone.

Next... London session
what are u drawing ? lol
  • #2,032
  • Jun 6, 2010 10:32pm Jun 6, 2010 10:32pm
gj any taker ?
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  • #2,033
  • Jun 6, 2010 10:39pm Jun 6, 2010 10:39pm
I am charting the EurUsd 1hr.

Quoting nguyennguyen
what are u drawing ? lol
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,034
  • Jun 6, 2010 10:41pm Jun 6, 2010 10:41pm
Quoting FX4Newbies
I am charting the EurUsd 1hr.
im really sorry but i dont understand anything looking at ur chart dont get mad im just saying because its seem u picked the wrong pivots or ? im not look at the whole picture or .... 2 many lines. but the way good luck keep learning
  • #2,035
  • Jun 6, 2010 11:09pm Jun 6, 2010 11:09pm
I'm just keeping it simple, using standard pivots and forks. Follow the colors of the forks. Maybe you use them differently. Your last post looks like you are using A/R lines.
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,036
  • Jun 6, 2010 11:28pm Jun 6, 2010 11:28pm
Here is my view on EU 240-min.
Let us see how it is gonna react to Sliding line.

Happy Trading you all
TAQ
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  • #2,037
  • Jun 7, 2010 12:49am Jun 7, 2010 12:49am
Just watching the market...
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,038
  • Edited 5:30am Jun 7, 2010 5:04am | Edited 5:30am
...or maybe I was late? Price fell close to the area I marked...close enough for me

Where to next? P5 or Resistance?

Take care,
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Trade what you see, not what you think or feel. Let the market come to you.
  • #2,039
  • Jun 7, 2010 5:14am Jun 7, 2010 5:14am
Quoting nguyennguyen
gj any taker ?
nice trade ng.
  • #2,040
  • Jun 7, 2010 5:56am Jun 7, 2010 5:56am
Quoting taq
nice trade ng.
thanks taq, sorry for lately i disapper because i went vacation in mexico. skype me when u free. here is audjpy, perfect trade, i didnt trade using fork but i saw it great so i post it here
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