Kapital's lines of force trading | Forex Factory

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Kapital's lines of force trading

  • #1
  • First Post: Edited 11:30am Aug 30, 2011 11:11am | Edited 11:30am
This thread will serve to look for setups using pitchforks, action-reaction lines (channel lines), and trendlines in conventional and unconventional ways.

Feel free chime in with commentary and charts.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2
  • Aug 30, 2011 11:18am Aug 30, 2011 11:18am
Price is currently drifting away from the upsloping blue line. Last time it occured there was a fall. The middle downsloping white line might serve to keep price in a very tight range for a bit until it makes a move.
Attached Image (click to enlarge)
Click to Enlarge Name: 15 GU.GIF Size: 29 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3
  • Sep 12, 2011 1:34am Sep 12, 2011 1:34am
...
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Click to Enlarge Name: DAILY GOLD.GIF Size: 23 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #4
  • Sep 13, 2011 12:23pm Sep 13, 2011 12:23pm
Lines of force can be found with careful observation of price structure.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CAD 1.GIF Size: 30 KB
Click to Enlarge Name: CAD 2.GIF Size: 30 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5
  • Oct 14, 2011 4:12am Oct 14, 2011 4:12am
HOURLY USD/JPY

Let's see if there will be some momentum in price once it reaches the enclosed area.
Attached Image (click to enlarge)
Click to Enlarge Name: PITCHFORK DRAWINGS 40.GIF Size: 34 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #6
  • Oct 14, 2011 10:40am Oct 14, 2011 10:40am
HOURLY USD/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: PITCHFORK DRAWINGS 41.GIF Size: 35 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #7
  • Edited 5:49pm Oct 16, 2011 5:37pm | Edited 5:49pm
HOURLY GBP/JPY

If price doesn't have the strength to make it to the 3rd line (from the bottom) initially, then I expect more consolidation along the second (or price dancing on top of it) or a fall down to the first.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.GIF Size: 27 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #8
  • Oct 17, 2011 9:16am Oct 17, 2011 9:16am
RESULT

The lines did an outstanding job at containing price. Price danced on top of that second line before launching upward....only to come back down. I'm now looking for price to reach the bottom line at some point.
Attached Image (click to enlarge)
Click to Enlarge Name: CHANNEL LINES.GIF Size: 30 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #9
  • Oct 17, 2011 10:53am Oct 17, 2011 10:53am
GPS TRADING BABY!
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.GIF Size: 32 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #10
  • Oct 17, 2011 11:13am Oct 17, 2011 11:13am
Can you see the pattern?
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Click to Enlarge Name: PATTERN.GIF Size: 33 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #11
  • Oct 30, 2011 9:40pm Oct 30, 2011 9:40pm
I'm looking at this pair possibly topping out for the day at the quartile it is at now or one or two (not shown) warning lines above it.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.GIF Size: 28 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #12
  • Oct 30, 2011 9:43pm Oct 30, 2011 9:43pm
A closer view...
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.GIF Size: 23 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #13
  • Oct 31, 2011 8:39am Oct 31, 2011 8:39am
2nd chart shows modified schiff of upfork.

3RD chart shows an alternate pivot for downfork.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.GIF Size: 33 KB
Click to Enlarge Name: GU2.GIF Size: 32 KB
Click to Enlarge Name: GU3.GIF Size: 31 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #14
  • Oct 31, 2011 8:49am Oct 31, 2011 8:49am
I doubt that the median line will sustain long-term support. I expect price to seek out support at one of the lines beneath it.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.GIF Size: 28 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #15
  • Oct 31, 2011 8:55am Oct 31, 2011 8:55am
The chart for USD/JPY shows a technique that I'm testing out. I'll provide details about it in the future.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #16
  • Nov 1, 2011 10:21pm Nov 1, 2011 10:21pm
Looking for a possible reaction if price reaches the encircled area.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.GIF Size: 33 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #17
  • Nov 2, 2011 5:15am Nov 2, 2011 5:15am
FOLLOWUP:

60 pips to the upside
Attached Image (click to enlarge)
Click to Enlarge Name: ej.GIF Size: 29 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #18
  • Edited 2:03am Nov 3, 2011 1:23am | Edited 2:03am
2ND chart shows modified schiff of downfork.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ1.GIF Size: 29 KB
Click to Enlarge Name: EJ2.GIF Size: 29 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #19
  • Nov 6, 2011 4:20am Nov 6, 2011 4:20am
The handle for each upfork is positioned at the vertical and horizontal intersection of the other two pivots.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CATALIN 1.GIF Size: 34 KB
Click to Enlarge Name: CATALIN 2.GIF Size: 33 KB
Click to Enlarge Name: CATALIN 3.GIF Size: 36 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #20
  • Nov 6, 2011 10:35am Nov 6, 2011 10:35am
Quoting kapital
The handle for each upfork is positioned at the vertical and horizontal intersection of the other two pivots.
Perhaps you already know this, but moving Pt1 of the fork to the price of Pt3, but keeping the same time as Pt1 is known by some as a "Catalin" fork. Personally I call it a "PR3" fork to label it generically with respect to what I call the pivots (1, 2 and 3).

Also note that whenever you draw a fork where the UML (or LML) forms a straight line from Pt2 to some major future pivot (such as exists on your UJ and EJ charts, but not GJ), then it presents the opportunity to draw a NEW Andrews fork based on Pt2, Pt3 and the new pivot, which you then make a Modify-Schiff. That MS fork will still connect the old PT2 and the new Pivot just as the old Andrews did, but now you have additional focus on the new MS and new Andrews lines for targets. Try it out to see what I mean.
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