Let someone arise from my bones as an avenger. Jesse Livermore
Better Andrews Pitchfork and MT4 15 replies
Andrews Pitchfork 120 replies
Andrews Pitchfork video 22 replies
median line Bollinger band cross 3 replies
DislikedSo down or up? Cause currnetly it is so choppy that I can't make anything out of it so maybe you could explain.
thanksIgnored
DislikedCannot Find Good Trades with ML
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I always find very good trades using ML. If you will put more emphasis on the setups and market structure, you will always have good trades. I have said it numerous times, drawing a fork is the easiest part, reading price action is the hard part and it will help you frame your trade and I am sorry there is no shortcut to it.Ignored
Dislikederrr, mind if i ask.
what is the difference between trend lines and pitchfork?Ignored
DislikedDiff b/w Trend Lines and Forks
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A trend line is just a line in space (b/w price and time). It carries no probability with it. Price may or may not respect it.
Forks carry probability with it. There is an 80% chance that price will touch the latest ML. It also shows the probable path of price. ML is a leading indicator with a mathematically proven probability.
Cannot Find Good Trades with ML
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I always find very good trades using ML. If you will put more emphasis on the setups and...Ignored
DislikedI think the "80% chance that price will touch the latest ML" line is oversimplified. There's an art form and a method to identify the correct fork. The way you've worded it suggests you can pick any three points that vaguely identifies a median line and expect it to work 80% the time. If it was that easy then every fork trader would be a millionaire, and we know that isn't the case at all.Ignored
DislikedIt is as simple as I have worded it. Price touches the latest ML 80% of the time. Watch this video made by catalin (the guy who started this thread). http://www.youtube.com/watch?v=VTtqsmCqMhQ&feature=player_embedded#!
Atleast it happens on my charts and I use it to my full advantage.
There is a methodology to everything, even how to wash dishes. So there is a methodology to using forks as a trading tool. But it does not change the fact that price will touch...Ignored
DislikedFor every bullish angled fork there is a bearish angled one that failed and vice versa. So the 80% is after the market has already moved. Like any method it will give you information to help you do this on a live chart and the more you read the more tools you will have to aid you.Ignored
DislikedI dont know what is so much of an issue about forks here, but it is the best trading tool I have came across.
Look at this tradeIgnored