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Andrews Pitchfork (Median Line)

  • #2,061
  • Jun 8, 2010 4:25am Jun 8, 2010 4:25am
Quoting forkTrader
In continuation of my previous post. I shorted the EURO with a 15 pips stoploss and will move to breakeven after 1.1911 is taken out. Target is quartile beneath.
Great trade
What broker did you use?
I was looking at the same fork but i think we dont have the same data

Regards
Catalin
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro_30_out2010-06-08_1123.png Size: 41 KB
Click to Enlarge Name: euro_30_in_2010-06-08_1124.png Size: 40 KB
  • #2,062
  • Jun 8, 2010 4:28am Jun 8, 2010 4:28am
I use Alpari UK, but I do my analysis on FxPro MT4. I found it to be much better than Alpari and lot others.
Its data is very close of esignal data that we can get for $50 a month.
Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,063
  • Jun 8, 2010 5:14am Jun 8, 2010 5:14am
Looking to target the upper median line.
Attached Image (click to enlarge)
Click to Enlarge Name: 1MIN UJ.GIF Size: 47 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,064
  • Jun 8, 2010 5:19am Jun 8, 2010 5:19am
I'll be hanging out in my paltalk room for the next hour or two. Feel free to drop in.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,065
  • Jun 8, 2010 5:31am Jun 8, 2010 5:31am
Shane keep a great session yesterday on Marketgeometry go and watch till will not be moved on premium members

Regards
Catalin
  • #2,066
  • Jun 8, 2010 5:36am Jun 8, 2010 5:36am
Shorted Eur/Usd at 1.1960 and exited at 1.1923...saw some more support and decided to watch again to see what detour might be ahead. I guess it is still interesting

New view next.

Quoting FX4Newbies
Hello traders,

Watching to see if price is ready to make a move...feels like it will be an interesting night.

Wishing us all good success,
Attached Image (click to enlarge)
Click to Enlarge Name: HasTheDustSettled2.jpg Size: 129 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,067
  • Jun 8, 2010 5:47am Jun 8, 2010 5:47am
You risked 30 pips at least for 37 pips, come on it can be much better than that.
Forkers dont do that, breakout traders do this kind of stuff.

Quoting FX4Newbies
Shorted Eur/Usd at 1.1960 and exited at 1.1923...saw some more support and decided to watch again to see what detour might be ahead. I guess it is still interesting

New view next.
Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,068
  • Jun 8, 2010 5:57am Jun 8, 2010 5:57am
forkTrader,

I am certainly not a breakout trader...dont' even pay attention to all these continuation patterns etc. A 1:1 ratio in this setting is not bad for me. The market at the moment is ranging. Forkers are traders, and traders trade as they see it...I think most traders will agree that each person develops their own style, and that should be respected.

Sometimes you have to be willing to take what the market is giving you. I see that the price has fallen to support levels (did you see it on my chart?), so I decided to exit the trade., which is my choice. That's all.
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,069
  • Jun 8, 2010 6:05am Jun 8, 2010 6:05am
By the way, price is also stuck at the ML of my smaller red downward fork...a perfect place to exit for fork traders.
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,070
  • Jun 8, 2010 6:14am Jun 8, 2010 6:14am
Quoting FX4Newbies
forkTrader,

I am certainly not a breakout trader...dont' even pay attention to all these continuation patterns etc....
I agree
Everyone have his own style.
No one trade the same even if its mechanical technique.
Keep going guys Forkers know this is a great tool that give you pips if you master it.
As Tim say: Master your tools Master yourself
Regards
Catalin
  • #2,071
  • Jun 8, 2010 6:18am Jun 8, 2010 6:18am
And that is really the truth Catalin...after all is said and done...mastering yourself is what is left. Thanks for your input.
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,072
  • Jun 8, 2010 6:40am Jun 8, 2010 6:40am
I am trying to make a point that Risk reward of your trade could have been better. Trade the way you like it. Its your money.

Quoting FX4Newbies
By the way, price is also stuck at the ML of my smaller red downward fork...a perfect place to exit for fork traders.
Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,073
  • Edited 7:41am Jun 8, 2010 7:27am | Edited 7:41am
ForkTrader,

That may be possible. What do you suggest. I am open.
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,074
  • Jun 8, 2010 8:16am Jun 8, 2010 8:16am
Hello again,

I guess the dust hasn't quite settled yet. Price is once again in no man's land per my chart. By "no man's land" I mean that price is in the space between the tines...the lines of the fork.

Watch and wait I will...

Take care,
Attached Image (click to enlarge)
Click to Enlarge Name: InNoMansLand.jpg Size: 141 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,075
  • Jun 8, 2010 9:30am Jun 8, 2010 9:30am
One trade that i take earlier on 5 min, already out

Also Just sell euro on 30 min time frame

Regards
Catalin
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd_jpy_5_min_sell2010-06-08_1501.png Size: 38 KB
Click to Enlarge Name: usd_jpy_5_min_reach_2010-06-08_1626.png Size: 38 KB
Click to Enlarge Name: euro_sell_30_min_2010-06-08_1629.png Size: 28 KB
  • #2,076
  • Jun 8, 2010 9:36am Jun 8, 2010 9:36am
Very nice trade on the 5-min. That's what the market has right now...quickie trades. Don't have the mental energy for that at the moment
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,077
  • Jun 8, 2010 10:10am Jun 8, 2010 10:10am
Quoting kapital
Looking to target the upper median line.

Price made it back to the MML but not the UML.
Attached Image (click to enlarge)
Click to Enlarge Name: 1MIN UJ.GIF Size: 51 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,078
  • Jun 8, 2010 10:26am Jun 8, 2010 10:26am
Justcatalin.....good to see you back my man!!!
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,079
  • Jun 8, 2010 10:27am Jun 8, 2010 10:27am
On my eur usd i got stop
Also on usd jpy 5 min dint take my entry for a buy.
Next time
Attached Image (click to enlarge)
Click to Enlarge Name: usd_jpy_miss2010-06-08_1725.png Size: 37 KB
  • #2,080
  • Jun 8, 2010 10:30am Jun 8, 2010 10:30am
Quoting kapital
Justcatalin.....good to see you back my man!!!
Thanks kapital
I work a lot and i dont have time to watch the market.
But this week i think i will be home so i can make some posts.
Dont expect from me to be a better trader now i stay away from market a lot and now i have to train my eyes again.

Catalin
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