Pitchfork Goldmine! | Page 86 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Andrews Pitchfork (Median Line) 8,118 replies

Andrews Pitchfork 120 replies

andrew pitchfork 9 replies

Andrews Pitchfork video 22 replies

pitchfork trade journal 15 replies

Attachments: Pitchfork Goldmine!
Exit Attachments

Pitchfork Goldmine!

  • #1,701
  • Edited 4:28pm May 31, 2011 3:54pm | Edited 4:28pm
Got some well needed rest today and was able to get in on some quick scalps...just flexing the muscles so to speak. Think I was a little impatient on the entry.

Here is one chart...a long on Aud-Usd. Was just looking for a bounce.

Will keep plugging away.

FX4
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud-usd may 31-11.gif Size: 14 KB
Click to Enlarge Name: aud-usd may 31-11-2.gif Size: 18 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,702
  • Edited 12:52am Jun 2, 2011 12:14am | Edited 12:52am
Hi Traders,

Hope you had a great day yesterday. Saw a few good potentials but decided to trade Gbp-Jpy. Got in long and had to babysit this one with two rescue attempts. Finally got out with + pips. First entry was half-baked...and I felt it too...in my gut. I'm sure some of you know what that feels like.

To fine-tune my entries, I need to go back to using my analysis worksheet...that way I pick the best of the hopefuls and not just by sight for the moment . Kind of like shopping without a list...when you get home, so much in your bag...and you wonder, Why did I buy that today?. Not only that, focus on one means minimal focus on others.

Still working on clearing my calendar for focus time when trading...but getting there.


All the best,

FX4

P.S. Closed the trade when the final move up got going.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp-jpy june 1-11.gif Size: 17 KB
Click to Enlarge Name: gbp-jpy june 1-11-2.gif Size: 19 KB
Click to Enlarge Name: gbp-jpy june 1-11-3.gif Size: 22 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,703
  • Edited 9:29am Jun 2, 2011 7:49am | Edited 9:29am
Just closed Gbp-Chf with some plus pips after 2 favourable rescues...still working on the timing. First entry was a no-no...not at an ML like that. Thought I would miss out, though I knew to wait to see if price will come back to the L-MLH and it did. So rescuing I went, and rescuing I did...no pips lost.

Will be posting a link to view all my trades later on. Will announce it here when the time comes.

Take care,

FX4

Note: Had two other trades around Entry 3 (E3) which gave me + pips...forgot to copy chart, but the journal will show.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp-chf june 2-11.gif Size: 15 KB
Click to Enlarge Name: gbp-chf june 2-11-2.gif Size: 16 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,704
  • Jun 2, 2011 11:46am Jun 2, 2011 11:46am
I will be changing my signature in light of my new focus. Here is the old one:

Patience is the key. Wait for your set-up and entry. Don't be afraid. Use good MM and let the market perform.

This I think is great trading wisdom. The new one came out of a moment of inspiration and I think it suits my current journey.

Take care,

FX4$
...not for the love of it though. That is a whole other ball game.
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,705
  • Jun 3, 2011 12:11am Jun 3, 2011 12:11am
intresting analysis

UML touch with a 1.618 ext should all meet on or around monday


Pike
  • #1,706
  • Jun 3, 2011 3:42am Jun 3, 2011 3:42am
Quoting pikeliver
intresting analysis

UML touch with a 1.618 ext should all meet on or around monday


Pike
Is this for EU or the last chart/pair I traded...what time frame?

FX4

P.S. Sorry, but I did not go back and check your May 6th I think it was...how did it pan out?
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,707
  • Jun 5, 2011 4:53am Jun 5, 2011 4:53am
Weekly chart setups are now posted on the blog.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,708
  • Jun 5, 2011 3:43pm Jun 5, 2011 3:43pm
Hi, all fork traders,

I am new to Forex Factory (sorry for my English).

I read the book written by Dr. Mircea Dologa - very hard for me, but I think I can understand still more. There are described Action/Reaction lines which can act like typical Pitchforks.

I have analyzed EURUSD using Action/Reaction lines and pararel to them.
The bold Pitchforks are constructed basing on Action/Reaction lines.
The blue PF (dashed) is copy of the bold one extended to the right side, and dotted blue lines are 50% Fibs. Dotted green lines are not Fibs they just touch some places interesting from my point of view and I expect some reaction when price meets them.


So please, look at my chart - I think it's interesting.

Twisted from Poland
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_h1_twisted.gif Size: 39 KB
  • #1,709
  • Jun 5, 2011 11:50pm Jun 5, 2011 11:50pm
Quoting Twisted
Hi, all fork traders,

I am new to Forex Factory (sorry for my English).

I read the book written by Dr. Mircea Dologa - very hard for me, but I think I can understand still more. There are described Action/Reaction lines which can act like typical Pitchforks.

I have analyzed EURUSD using Action/Reaction lines and pararel to them.
The bold Pitchforks are constructed basing on Action/Reaction lines.
The blue PF (dashed) is copy of the bold one extended to the right side, and dotted blue lines are 50% Fibs. Dotted green lines are not Fibs they...
Hello Twisted from Poland,

Thanks for making your debut post here. Your English is superb so don't even worry about it.

Dr. Dologa's book is very good but can be much for a beginner.

About your chart.....I think your Center Lines for the A/R Method are excellent. They produced lines that caught price nicely. Sliding an A/R set over can continue to give touches as one action can produce several reaction lines. As long as the frequency of the lines hold up, I think you can "expect'' something to happen there. If not , be on the lookout.

Keep pressing on,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,710
  • Jun 7, 2011 12:24am Jun 7, 2011 12:24am
Yesterday was very slow...good for scalping. The market seemed to get going after 12:00 noon EST. Anyway, today is another day. Let's see what there will be.

Trade well,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,711
  • Jun 8, 2011 2:51am Jun 8, 2011 2:51am
Hey man. I have been trading full time for a bit, and always lurked around these forums. Looks like I finally found a pitchfork thread. I swear, this indicator is the greatest secret in trading. I am still shocked at the dismal amount of traders who use it, or don't understand it.

I look forward to participating in the conversations and hopefully I can contribute and continue to learn!
What is any ocean but a multitude of drops?
  • #1,712
  • Edited 10:40am Jun 8, 2011 9:51am | Edited 10:40am
Quoting Xhale12
Hey man. I have been trading full time for a bit, and always lurked around these forums. Looks like I finally found a pitchfork thread. I swear, this indicator is the greatest secret in trading. I am still shocked at the dismal amount of traders who use it, or don't understand it.

I look forward to participating in the conversations and hopefully I can contribute and continue to learn!
Hi XHale12,

I have to agree with you...imho, the Pitchfork (actually a drawing tool) is the greatest secret in trading as far as TA goes. I don't think many traders have had the chance to see it in action in a systematic way so they could understand how it works. What I have shown on these charts are fork basics, but there is some more to learn to really use this tool effectively. One of the other features I really like is that it can compliment most if not all other methods of technical analysis out there.

Looking forward to seeing your charts and posts.

Thanks for stopping by,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,713
  • Jun 8, 2011 12:27pm Jun 8, 2011 12:27pm
Hello traders,

Interesting morning and trading week actually. Not yet in the flow for some reason. Not sure why. Anyway this morning, I was watching Eur-Usd...had a trade in mind...to short. For some reason, I allowed price to trick me, despite the bigger picture and ended up buying. Ugh!!! I know.

Anyhow, I managed to get out not losing any $$$. Yeah!!! Thanks to the Warning Lines. I just waited then bought and was able to recover.

Here are some charts.

FX4
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-usd 6-8-11.gif Size: 23 KB
Click to Enlarge Name: eur-usd 6-8-11-2.gif Size: 24 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,714
  • Jun 8, 2011 1:21pm Jun 8, 2011 1:21pm
1hour chart. Went long here at 1.46764, closed the trade when we hit the median line. Almost got out when we hit the 25% fib levels. Glad I hung on. Lots of money to be made here, and this pitchfork played out beautifully. I hope others got in on the trade.

http://img829.imageshack.us/img829/8650/captureqnc.png
What is any ocean but a multitude of drops?
  • #1,715
  • Jun 8, 2011 3:44pm Jun 8, 2011 3:44pm
Quoting Xhale12
1hour chart. Went long here at 1.46764, closed the trade when we hit the median line. Almost got out when we hit the 25% fib levels. Glad I hung on. Lots of money to be made here, and this pitchfork played out beautifully. I hope others got in on the trade.

http://img829.imageshack.us/img829/8650/captureqnc.png
Did you mean short? If not, I'm a little confused . + pips is good...understand that . Glad you hung on too.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,716
  • Jun 8, 2011 5:38pm Jun 8, 2011 5:38pm
Quoting FX4Newbies
Did you mean short? If not, I'm a little confused . + pips is good...understand that . Glad you hung on too.

FX4
Sorry about that buddy. Yes I do mean short.
What is any ocean but a multitude of drops?
  • #1,717
  • Jun 9, 2011 2:46am Jun 9, 2011 2:46am
Quoting FX4Newbies
Hello traders,


Anyhow, I managed to get out not losing any $$$. Yeah!!! Thanks to the Warning Lines. I just waited then bought and was able to recover.

Here are some charts.

FX4

Hello FX4!

Where did you set your initial stop?
I gusess you have NOT CANCELLED the stop (???)

Regards,
Twisted.
  • #1,718
  • Jun 9, 2011 3:02am Jun 9, 2011 3:02am
Entry too early, but expected some movement when the Big Boys arrived...notice the candle that took the stops?
Attached Image (click to enlarge)
Click to Enlarge Name: aud-usd 6-8-11-2.gif Size: 16 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,719
  • Jun 9, 2011 3:37am Jun 9, 2011 3:37am
Quoting FX4Newbies
Entry too early, but expected some movement when the Big Boys arrived...notice the candle that took the stops?
I got in this exact same trade.

I've been reading through some of your earlier posts. Great stuff man. Have you taken any classes with Morge at all? We may have crossed paths before if you have.
What is any ocean but a multitude of drops?
  • #1,720
  • Jun 9, 2011 7:21am Jun 9, 2011 7:21am
Quoting Xhale12
I got in this exact same trade.

I've been reading through some of your earlier posts. Great stuff man. Have you taken any classes with Morge at all? We may have crossed paths before if you have.
No. I haven't taken classes with Morge if you mean his seminars etc. I was one of his premium members for a few months, but cancelled it because I really didn't have the time to benefit from the sessions and material.

Almost got into Nzd-Usd...thought the trade looked very promising, but I opted for Aud-Usd because I said to myself, "It should move better because of the higher interest rate, maybe more traders would take that trade." Thinking of the carry trade. Next time, I go with the chart (and gut/heart too).

Glad you are enjoying the posts.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
1 trader viewing now