Pitchfork Goldmine!

Just letting you know I will not be posting until maybe Friday for the US Session as I will be traveling.

Take care and trade well.

FX4Newbies

Hello traders,

Hope you had some good trades yesterday. Here is my view of the Eur-Usd...an interesting place for price at the moment. Will it find support at red U-MLH or fall, that is the question. Time will certainly tell.

Second chart shows an adjusted red fork.

Take care,

FX4Newbies

An expanded view using larger pivots...dark red fork.

EDIT: Red Schiff added.

Well traders,

Eur-Usd rolled around between the upper half of the red fork and the lower half of the green fork. Will post the weekly wrap-up of the 10 pairs on the blog later in the evening on Saturday. Please don't forget to complete the poll on the blog if you have not already done so. Thanks.

Enjoy the rest of your day.

Take care,

FX4Newbies

Had some technical challenges but the weekly wrap-up of the 10 pairs is now available on the blog: Pitchfork Goldmine. Please don't forget to take the poll. Thanks.

Enjoy the rest of your weekend.

FX4Newbies

Well the Eur-Usd pushed higher. For those who had the time to visit the blog yesterday, maybe you were able to get in on the move up. Below is the quote:

"What a roll around week! Price ranged between WLs off of smaller red fork above. Maybe we will get a move upward? Will wait for a solid confirmation on this one."

It did go north and is now at the U-MLH...and an ML. Lots can happen from there.

Be watchful,

FX4Newbies

Good Morning Traders,

Price did make it to the ML of larger green fork...Andrews' 80% rule in action!!! Anyhow, price started selling off some. It is my thinking that if it cannot get above blue line and find solid support there, then we may have a downward move. It will probably take some time to observe that, so trade what you see...as you see it.

Take care,

FX4Newbies

just found out that you have a journal. Good to see you here, keep up the good work !

Thanks Anthoniex. Glad you stopped by.

FX4Newbies

We have met P 5

Heck of a day

Yes it was!!! Not the time to be having internet challenges for sure...that is part of the business too isn't it.

So good to know that our trading tools perform very well when we learn how to fine tune them to the market.

Great job! I love your 89 tick charts .

Enjoy your paycheck .

FX4Newbies

how did you drew this?

Pikeliver, which time-frame are you trading?

FX4Newbies

I like your slogan Icytrader...I heard someone else say they have ice in their veins. What a place to be as a trader...it is an important start to being a winner. Staying flexible is just as important.

Glad you stopped by.

Take care,

FX4Newbies

I re-drew the chart so I could explain. I use Ensign and FXCM data feed.
89 Tick data.

I used the last Pivot "High" to the Low - Pivot to the High - Pivot - This is a Standard Andrews Pitchfork

Good Morning Traders,

Just posted a chart of the Eur-Usd Daily on the blog. It came out of a teaching session yesterday. Some good info. there for the longer-term view. Will be posting an updated chart (H1) here soon.

Take care,

FX4Newbies

Good Morning to all,

Looks like the Big Boys are back from vacation...price blasted through the blue line yesterday. Thinking it may find support at either of the green lines before going north. It may even use the blue line as support.

Plan your trade and trade your plan.

Take care,

FX4Newbies

A ranging market at the moment...quick, scalping trades available. As Tim would say, "If you are not good at range trading, then stay out". Also very volatile...long shadows (tails and wicks) even on the M15.

Be careful and patient,

FX4Newbies