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Andrews Pitchfork (Median Line)

  • #2,141
  • Jun 14, 2010 1:22am Jun 14, 2010 1:22am
(Gbp/Usd 60-min Time Frame Monday 06/14/2010 GMT06:15AM) The DX (US Dollar Index forms a double top on the daily time frame), Gbp/Usd has had found intra-day bottom since last week. As depicted, the market has been fully controlling by the lines of vibrations of the Median Lines. Scalp long cautiously for now.
Attached Image (click to enlarge)
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~*~You are only one trade away from humility~*~
  • #2,142
  • Jun 14, 2010 1:23am Jun 14, 2010 1:23am
EU 10mins timeframe energy is still rumbling...as shown in this modified schiff mode.

I'll take stop loss at 1.2166. My tp ..god knows! Wish me luck.


http://img35.imageshack.us/img35/441...ifiedshiff.png
  • #2,143
  • Jun 14, 2010 1:30am Jun 14, 2010 1:30am
Quoting big_pipin
Hey kapital, what happened to the thread on et? I missed that thread.
I have no idea what you are talking about.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,144
  • Jun 14, 2010 1:39am Jun 14, 2010 1:39am
Quoting kapital
I have no idea what you are talking about.

lol ya sorry, i got you mixed up with someone else with a similar name. muh bad.
  • #2,145
  • Jun 14, 2010 5:54am Jun 14, 2010 5:54am
Hello Traders,

A very quiet night for me (London Session). Price was in a very tight range...then came the expected breakout... to the upside. Will post charts later today before the Asian session and then again before the London session.

Have a very busy day. Hope the US session proves to be exciting and profitable.

FYI: The 4-Hr EurUsd chart had shown some bullish sentiment end of last week. We'll see how long it lasts.

Take care,
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,146
  • Jun 14, 2010 6:12am Jun 14, 2010 6:12am
Hi again,

Morning schedule allowed for a quick post...

Have a great day!


Quoting FX4Newbies
Hello Traders,

A very quiet night for me (London Session). Price was in a very tight range...then came the expected breakout... to the upside. Will post charts later today before the Asian session and then again before the London session.

Have a very busy day. Hope the US session proves to be exciting and profitable.

FYI: The 4-Hr EurUsd chart had shown some bullish sentiment end of last week. We'll see how long it lasts.

Take care,
Attached Image (click to enlarge)
Click to Enlarge Name: WhereToNext.jpg Size: 138 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,147
  • Jun 14, 2010 7:24am Jun 14, 2010 7:24am
Was able to grab a few pips before having to run. We'll see how the morning plays out.

Be careful.
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,148
  • Jun 14, 2010 8:49am Jun 14, 2010 8:49am
Yup! pretty easy catch here too!

http://img21.imageshack.us/img21/2743/eu10minscatch.png
  • #2,149
  • Jun 14, 2010 8:56am Jun 14, 2010 8:56am
Satni,

Your fork catches price nicely. Keep working with it as long as price continues to confirm...will probably lead you to more profits

Enjoy!
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,150
  • Jun 14, 2010 9:16am Jun 14, 2010 9:16am
Quoting FX4Newbies
Satni,

Your fork catches price nicely. Keep working with it as long as price continues to confirm...will probably lead you to more profits

Enjoy!
Yup! I need more live practice, been sharpening my skill with live trades.

Good luck to you too
  • #2,151
  • Jun 14, 2010 9:36am Jun 14, 2010 9:36am
Its dejevu...look at this eye popping Tim's setup!

Am still waiting for one more confirmation....

http://img375.imageshack.us/img375/1...uencetouch.png
  • #2,152
  • Edited 11:43am Jun 14, 2010 11:31am | Edited 11:43am
Hello again,

Just got back to the office to find that the price did hit the target set.

Will be posting again for Asian session.

Bye for now,

Quoting FX4Newbies
Hi again,

Morning schedule allowed for a quick post...

Have a great day!
Attached Image (click to enlarge)
Click to Enlarge Name: PriceTargetAttained.jpg Size: 132 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,153
  • Jun 14, 2010 5:42pm Jun 14, 2010 5:42pm
Hello Traders,

I have drawn two new forks on the chart; one red and one green. The green one shows an overall bias to the upside, however, the more local red fork is showing a sideways bias.

Personally, I prefer to wait for more confirmation. Some may prefer to scalp. This is the decision of the trader.

Be very watchful.
Attached Image (click to enlarge)
Click to Enlarge Name: AsianSession.jpg Size: 133 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,154
  • Jun 14, 2010 6:38pm Jun 14, 2010 6:38pm
Here is my view on USDCAD let us see it will unfold.


Regards,
TAQ
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  • #2,155
  • Jun 14, 2010 6:45pm Jun 14, 2010 6:45pm
Somebody is very confident here ...hopefully you get some confirming touches, or better yet, that the price just shoots to the moon.

All the best!
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,156
  • Jun 15, 2010 1:12am Jun 15, 2010 1:12am
Hello again Traders,

Market still sideways but I added another fork (Schiff) to see what advantage it would give. It is the green fork over the red in the area of the consolidation. It shows a slightly upward bias. However, it is still a waiting game for me. Not interested in expending the energy scalping. We'll see what London session will do.

Be very careful.

Quoting FX4Newbies
Hello Traders,

I have drawn two new forks on the chart; one red and one green. The green one shows an overall bias to the upside, however, the more local red fork is showing a sideways bias.

Personally, I prefer to wait for more confirmation. Some may prefer to scalp. This is the decision of the trader.

Be very watchful.
Attached Image (click to enlarge)
Click to Enlarge Name: LondonSession.jpg Size: 135 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,157
  • Edited 4:21am Jun 15, 2010 4:07am | Edited 4:21am
Quoting taq
Here is my view on USDCAD let us see it will unfold.


Regards,
TAQ
Updated chart price is strugling to cross last swing will watch price action here in USDCAD will update.

Happy trading you all,
TAQ
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  • #2,158
  • Jun 15, 2010 4:42am Jun 15, 2010 4:42am
Took EURO long
Attached Image (click to enlarge)
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Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,159
  • Jun 15, 2010 6:15am Jun 15, 2010 6:15am
Good catch forkTrader!
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,160
  • Jun 15, 2010 6:21am Jun 15, 2010 6:21am
Hello Traders,

Price finally made a move down from the red fork and found support on one of its related lines WL1. From there we had a buy, which honored the direction of the other green fork.

A new green fork was added using the pivot formed on the WL.

Patience is the key to succeed. Wait and watch the market until you see the entry that you can recognize and trade.

FYI: Overhead resistance in the 1.2300 neighborhood.

Have a good day,

FX4Newbies
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Trade what you see, not what you think or feel. Let the market come to you.
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