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Pitchfork Goldmine!

  • #881
  • Edited 5:07am Nov 9, 2010 2:44am | Edited 5:07am
Quoting pikeliver
Attachment

im looking where the down move may end
we have a measured move coming in at 3820
we have a trendline,and 2 lows,all within 100 pips or so
If price can brake all of the 4 resistances,the next logical point is the lower ML
Okay Pike,

Got some questions. Your black parallel lines...is the first one a Center Line and the other the Reaction? The fork you make reference to when you say "the next logical point is the lower ML...I see an ML (Median Line) which price already passed. Do you mean MLH or Median Line Parallel? Just need some clarity so I can think with you on this as I cannot see all lines involved for a complete picture .

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #882
  • Edited 6:11am Nov 9, 2010 6:01am | Edited 6:11am
Hello Traders,

Was able to get into a trade on Eur-Usd. Missed an earlier entry as I was distracted with another potential trade. Managed to get in at another high probability entry point. Hope those of you who received the signal made some pips.

Target chart and signal details are posted on the blog.

Take care,

FX4Newbies

P.S. Price still pushing at the time of this posting.
Trade what you see, not what you think or feel. Let the market come to you.
  • #883
  • Nov 9, 2010 6:53am Nov 9, 2010 6:53am
Quoting FX4Newbies
Hello Traders,

Was able to get into a trade on Eur-Usd. Missed an earlier entry as I was distracted with another potential trade. Managed to get in at another high probability entry point. Hope those of you who received the signal made some pips.

Target chart and signal details are posted on the blog.

Take care,

FX4Newbies

P.S. Price still pushing at the time of this posting.
Good call - I was asleep

My 240 shows it hit to a pip of the line - UML - Anchor is June 6 and is a Schiff Fork
Attached Image (click to enlarge)
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  • #884
  • Nov 9, 2010 8:46am Nov 9, 2010 8:46am
Quoting Wave Trader
Good call - I was asleep

My 240 shows it hit to a pip of the line - UML - Anchor is June 6 and is a Schiff Fork
Hi Wave Trader,

Glad you are back safely. Your 240 is a beauty! It should convince anybody to want to learn how to use Pitchforks. .

Thanks for posting,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #885
  • Nov 9, 2010 9:11am Nov 9, 2010 9:11am
Attached Image (click to enlarge)
Click to Enlarge Name: 4PIPMISS.gif Size: 49 KB


Hi fx
the dark lines are a measured move,missed entry by 4 pips,the measured move was 4159-3697=462
actual was 4382-3824=458,had order in at 3820
missed by 4 pips.lol

nice to see though,just part of my tool kit

ps,as the price moved so strongly,i suspect the big traders were watching it too

pike
  • #886
  • Nov 9, 2010 9:17am Nov 9, 2010 9:17am
Quoting pikeliver
Attachment

Hi fx
the dark lines are a measured move,missed entry by 4 pips,the measured move was 4159-3697=462
actual was 4382-3824=458,had order in at 3820
missed by 4 pips.lol

nice to see though,just part of my tool kit

pike
4 pips...that's close enough! Will look at your lines a little more as I don't use measured moves often. You've got lots of tools in that toolbox of yours .

More trading food for thought.

Thanks,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #887
  • Nov 9, 2010 9:40am Nov 9, 2010 9:40am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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When i get 3 or more tools saying yes use me i do,

as i said before,the pitchforks,normal and mod Shiff
are just the latest tool,

here in England our garages are full of junk,like a canoe [used once] screwdrives hammers etc
when i see programs on America,your garages are like workshops full of expencive power tools,
i think of pitchforks as America
  • #888
  • Edited Nov 10, 2010 12:24am Nov 9, 2010 9:49am | Edited Nov 10, 2010 12:24am
Quoting pikeliver
Attachment

Attachment

When i get 3 or more tools saying yes use me i do,

as i said before,the pitchforks,normal and mod Shiff
are just the latest tool,

here in England our garages are full of junk,like a canoe [used once] screwdrives hammers etc
when i see programs on America,your garages are like workshops full of expencive power tools,
i think of pitchforks as America
The Pitchforks are hot, no question about it!!! Then if you have some other stuff to throw in the mix to spice it up a bit, all the better.

It is my hope that viewers of this thread who are not familiar with Pitchforks will give it a closer look and be an "American Trader" per you analogy above LOLOLOL.

Take care,

FX4Newbies

P.S. I am not American either, but I have Pitchforks in my trading garage .
Trade what you see, not what you think or feel. Let the market come to you.
  • #889
  • Nov 9, 2010 9:54am Nov 9, 2010 9:54am
Quoting FX4Newbies
Hi Wave Trader,

Glad you are back safely. Your 240 is a beauty! It should convince anybody to want to learn how to use Pitchforks. .

Thanks for posting,

FX4Newbies
FX4 - Thanks for the thoughts

If you double click on the chart - then double click, again on the chart a new box opens and you can zoom in.

Notice the prior hits on the UML - Upper Median Line and rejection at the WL - Warning Line
  • #890
  • Nov 9, 2010 9:56am Nov 9, 2010 9:56am
Quoting Wave Trader
FX4 - Thanks for the thoughts

If you double click on the chart - then double click, again on the chart a new box opens and you can zoom in.

Notice the prior hits on the UML - Upper Median Line and rejection at the WL - Warning Line
Yes. I saw those touches. Just give away trades. Very, very nice chart. I make it a point to check in with H4. It shows the bigger picture.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #891
  • Nov 9, 2010 10:01am Nov 9, 2010 10:01am
The last seminar i went to must have had 200 people in the room,Larry P said only one or two of you will make it,the reason

You have to do the work,and put the hours in

intresting to note,pitchforks now feature on my free charting package,they were added last week [i still do them long hand]

when you say they are HOT,it is not an understatment

Pike
  • #892
  • Nov 9, 2010 10:01am Nov 9, 2010 10:01am
M 20 - shows moving lower this morning

M1 - shows sliding down on the UML - Entry Red Line - Stop at Green Line very small stop -

Out at LML - counter trend trade out quickly
Attached Image(s) (click to enlarge)
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  • #893
  • Edited Nov 10, 2010 12:27am Nov 9, 2010 10:03am | Edited Nov 10, 2010 12:27am
Quoting pikeliver
The last seminar i went to must have had 200 people in the room,Larry P said only one or two of you will make it,the reason

You have to do the work,and put the hours in

intresting to note,pitchforks now feature on my free charting package,they were added last week [i still do them long hand]

when you say they are HOT,it is not an understatment

Pike
Glad you have it available now. I think when people see it in action for real, they are amazed...and they should be. Don't know of another tool like it.

Larry P. was right...trading is work, and many traders don't want to put the effort in.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #894
  • Nov 9, 2010 10:07am Nov 9, 2010 10:07am
Quoting Wave Trader
M 20 - shows moving lower this morning

M1 - shows sliding down on the UML - Entry Red Line - Stop at Green Line very small stop -

Out at LML - counter trend trade out quickly
That was a very nice setup and entry Wave Trader. This morning I saw so many possibilities, that I missed my optimum entry on EU. Always fine-tuning my day to maximize my trading hours. Was teaching a new fork trader this morning and seeing setups and entries happening. I said, "Next time, we take the trade and discuss it in the class setting". They agreed!

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #895
  • Nov 9, 2010 10:11am Nov 9, 2010 10:11am
Should have been shorting EU. Hitting a little support now...don't want to jump in here.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #896
  • Nov 9, 2010 10:19am Nov 9, 2010 10:19am
Here is one view of EU.

FX4Newbies
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd11-09-10.jpg Size: 102 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #897
  • Nov 9, 2010 10:46am Nov 9, 2010 10:46am
Attached Image (click to enlarge)
Click to Enlarge Name: LONG2865.gif Size: 52 KB


Also,im buying the pullback of the measured move i saw earlier
  • #898
  • Nov 9, 2010 10:52am Nov 9, 2010 10:52am
Quoting pikeliver
Attachment
That's some stuff I have to think through on your chart. I think EU may fall to about 1.3840 or thereabouts. Would not want to go long yet...just me.

Don't understand why 3 touches on the handle is related to 78.6 Fib. Am I missing something here?

FX4Newbies

P.S. Is the 78.6 Fib where the ML is if you went long?
Trade what you see, not what you think or feel. Let the market come to you.
  • #899
  • Nov 9, 2010 11:03am Nov 9, 2010 11:03am
the fib count is just the pullback,3 touches on the handle just looks pleasing to the eye

Pike
  • #900
  • Nov 9, 2010 11:08am Nov 9, 2010 11:08am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.618.gif Size: 45 KB


The way i see it,maybe the gartley will work,maybe the pitchfork will work,maybe im wrong
but before i started using pitchforks,i was alway wrong

Pike
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