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Kapital's lines of force trading

  • #21
  • Nov 6, 2011 3:51pm Nov 6, 2011 3:51pm
Quoting pips4life
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...
Yes, I'm aware of what you speak. They are very good at capturing frequency.

I find Andrew's Pitchfork the most useful tool to trade with. Not only because of what it represents, but also because of the many different ways of using it (regular schiff, modified schiff, catalin, alternate point of origin). The name I have given to the type of fork I used in the last set of charts is the "VH Pitchfork" (where VH stands for vertical and horizontal).
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #22
  • Nov 9, 2011 10:40am Nov 9, 2011 10:40am
There is potential for resistance at the first warning line of the white fork which would send price down to the encircled area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU.GIF Size: 31 KB
Click to Enlarge Name: EU2.GIF Size: 31 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #23
  • Nov 9, 2011 2:38pm Nov 9, 2011 2:38pm
Missed the warning line by several pips....however, target area was still reached.

I wouldn't discount price being able to reach the 3rd warning line of the white fork.
Attached Image (click to enlarge)
Click to Enlarge Name: EU2.GIF Size: 30 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #24
  • Nov 10, 2011 12:23pm Nov 10, 2011 12:23pm
Let's see if the downfork can contain price until it reaches the LML of the upfork.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ.GIF Size: 35 KB
Click to Enlarge Name: UJ2.GIF Size: 29 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #25
  • Nov 11, 2011 3:06am Nov 11, 2011 3:06am
So far...so good.

(The LML of the downfork serves as a potential target as well.)
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.GIF Size: 29 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #26
  • Nov 11, 2011 8:37am Nov 11, 2011 8:37am
The energy point (encircled area) gave price the momentum it needed for a strong directional move.

A sign that price could possible break the UML of the pitchfork, if it was reached, was that price hovered over the LML of the modified schff (yellow lines) without touching it and making it way back to recent highs within the range (and the MML of the modified schiff).
Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 33 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #27
  • Nov 11, 2011 9:27am Nov 11, 2011 9:27am
WOW...

Price really exceeded my expectations. My expectations to the upside was not beyond the UML of the modified schiff.

As Darth Vader would say:

"Impressive....most impressive."
Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 28 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #28
  • Nov 11, 2011 9:38am Nov 11, 2011 9:38am
Almost there....

If price doesn't make it to the LML of the upfork through further downward movement then I expect it to make it there by ranging sideways.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.GIF Size: 35 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #29
  • Nov 12, 2011 6:46pm Nov 12, 2011 6:46pm
Hi Kapital,

Your "lines of force trading" should be very interesting.

All the best,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #30
  • Edited 4:21am Nov 15, 2011 4:06am | Edited 4:21am
HOURLY GBP/USD

A view with 2 C pivots:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 31 KB
Click to Enlarge Name: GU2.GIF Size: 31 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #31
  • Nov 15, 2011 4:06am Nov 15, 2011 4:06am
Quoting FX4Newbies
Hi Kapital,

Your "lines of force trading" should be very interesting.

All the best,

FX4
Thanks
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #32
  • Nov 15, 2011 7:56am Nov 15, 2011 7:56am
With the pre-frequency (encircled) shown along the warning lines of the upfork, I see them as potential target areas for price.

Although the certainty isn't there, a downside bias is developing due to the lack of candle closures above the median line of the downfork. A few closures above it (along with closures above the LML of the upfork) would signal a bias to the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 32 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #33
  • Nov 15, 2011 12:35pm Nov 15, 2011 12:35pm
The signs to the downside were validated.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 32 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #34
  • Nov 16, 2011 8:40am Nov 16, 2011 8:40am
The trap is set to keep the overall direction sideways and downward. Buyers tried for a break a couple of hours ago but failed.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 30 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #35
  • Nov 21, 2011 4:43am Nov 21, 2011 4:43am
The beauty of frequency:
Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 33 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #36
  • Nov 21, 2011 7:34am Nov 21, 2011 7:34am
Let's see if price has enough momentum to carry it down to the median line.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 35 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #37
  • Nov 22, 2011 4:56am Nov 22, 2011 4:56am
Quoting kapital
Let's see if price has enough momentum to carry it down to the median line.

Close...but not cigar. The brakes were applied. However, there is still a chance for it to still happen if price is unable to escape the grips (to the upside) of the UML it is currently at.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 36 KB
Click to Enlarge Name: GU2.GIF Size: 29 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #38
  • Nov 22, 2011 6:30am Nov 22, 2011 6:30am
FWIW
Attached Image (click to enlarge)
Click to Enlarge Name: EU.GIF Size: 33 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #39
  • Nov 22, 2011 8:41am Nov 22, 2011 8:41am
Adding a sliding parallel (arrow) created resistance symmetry on the other side of the UML.
Attached Image (click to enlarge)
Click to Enlarge Name: GU2.GIF Size: 29 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #40
  • Nov 22, 2011 8:51am Nov 22, 2011 8:51am
A different perspective...
Attached Image (click to enlarge)
Click to Enlarge Name: GU2.GIF Size: 28 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
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