Nice one. Well spotted. Admittedly, I wouldn't have been so brave to sell there even if i had spotted it.
Well done.
Well done.
Andrews Pitchfork (Median Line) 8,099 replies
Andrews Pitchfork 120 replies
andrew pitchfork 9 replies
Andrews Pitchfork video 22 replies
pitchfork trade journal 15 replies
Disliked20 Minute charts - My count and SR Lines and Forks
2 good trades Today - I am flat and done for the day and a good week.
Happy Trading to allIgnored
DislikedHi Wave Trader,
Glad you had some good trades. Saw the shorts on EU and GU. Was not feeling 100%, but I managed to trade Usd-Cad before crawling back into bed. (Did not want to send a signal as that would mean being attentive to send follow-up emails as the trade progressed). Later grabbed some pips at the tail-end of the GU sell-off. Chart attached also shows a portion of trading history. Thinking Usd-Cad may go higher.
Had a question...looking at your charts, I find the arrows from Pesavento's system work very well. Of course, when you find...Ignored
DislikedTim says he will not work with anyone that does not use stops - I place my stops at the same time my order is entered. My greatest fear is that the internet will go down and I do not have a stop. NOT LOSING MONEY - but NO STOP.
In my View - Pesavento Patterns are great and helpful - CONFIMATION -
the Forks and the Arrows give a place to look for a trade.
Look at the GBP - previously at pivot 1 - Quartile on Fork - Pivot 4 at same Quartile and SR Line and Arrow - How can you not take this trade
The more experience, I get, the more I realize...Ignored
I like what you said here next the most I think. Yes it is about probabilities, not about being right. Getting to this point will free many traders. I too have missed many, many opportunities because I was afraid to be wrong. I asked Larry Pesavento this question once, "What causes a trader to hesitate or not take a trade?". He said very succinctly, "Two reasons: Either they don't have an edge or they have not accepted the risk." It is okay if you have a loss if your edge will cause your overall results to be positive.
My 3" x 5" card (or larger) will be on my desk tomorrow. Have it written but not in a place where I see it often enough.
Really appreciate you sharing these tidbits as they are the things that make for successful trading long-term. Hope the traders that come by will benefit from your openness and honesty.
Dislikedhttp://www.trading-naked.com/
He thanks Tim but goes beyond - look at the videos - and the whole site
IT IS WONDERFULIgnored