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System - What Da Fork!

  • #21
  • Dec 3, 2011 1:49pm Dec 3, 2011 1:49pm
as promised here is the trade of friday afternoon.

i went out for lunch and entered after the close of the 5m with the arrow. the 5m was flagging so in fact i got a better price than the entry.

we were trending higgher so:

point 1 was Asia's low
point 2 the lowest swing
point 3 the latest highest swing (as the nfp spike made a higher high we consider it as a swing up).

then price comes back and closes outside the fork. trend change down. we enter short.

next post will be the new down trend fork.
Attached Image (click to enlarge)
Click to Enlarge Name: FF.JPG Size: 26 KB
dreams do come true.
  • #22
  • Dec 3, 2011 1:59pm Dec 3, 2011 1:59pm
please note that the stop loss goes 5 pips above the upper lip of the fork (it seems that this message didn't get through to some). in this case the sl was a little too big for my taste but still i took it.

so the new chart has:

point 1 - Asia's High
point 2 - the last swing high
point 3 the last swing low

point 3 is the one we will be updating here. will post a pic with an example of a swing after entry.
Attached Image (click to enlarge)
Click to Enlarge Name: FF.JPG Size: 30 KB
dreams do come true.
  • #23
  • Dec 3, 2011 2:03pm Dec 3, 2011 2:03pm
Quoting wannaberich
i see u are both very successfull traders. good for u. want to talk about the system? if u do you're very welcome. if you want to discuss the vouching system u can talk about it in a proper thread. should it be related to your trading account? should it be related weekly average profit?

Don't really care.

anyway i would be thankfull if you can stick to the thread subject.

green pips.
Fair point, sorry. Some of my systems are on here but not many followers for some reason? Daily charts aren't sexy enough for most I think?

Anyway, happy to stick to your thread subject from now on.

Still not sure about this pitchfork idea but I'm sure you can prove me wrong.
  • #24
  • Dec 3, 2011 2:25pm Dec 3, 2011 2:25pm
must admit that i was getting a little pissed with yours and Erebus conversation LOL i don't know how long you've been around but FF gets a lot of kids that think they own the world cause they made a few good calls. i thought that was the case but from your behaviour i see it is not. great, i am more than happy to have u around.

i'll follow your profile to get to your systems so i can take a look if u don't mind.

green pips, H

Quoting Hugh Briss
Fair point, sorry. Some of my systems are on here but not many followers for some reason? Daily charts aren't sexy enough for most I think?

Anyway, happy to stick to your thread subject from now on.

Still not sure about this pitchfork idea but I'm sure you can prove me wrong.
dreams do come true.
  • #25
  • Dec 3, 2011 2:30pm Dec 3, 2011 2:30pm
Point 1 never moved, point 2 never moved so we only moved point 3 down and down and down.

this is how it looked at the end.

the next chart shows something really important: session close.
Attached Image (click to enlarge)
Click to Enlarge Name: FF.JPG Size: 30 KB
dreams do come true.
  • #26
  • Dec 3, 2011 2:46pm Dec 3, 2011 2:46pm
Quoting wannaberich
must admit that i was getting a little pissed with yours and Erebus conversation LOL i don't know how long you've been around but FF gets a lot of kids that think they own the world cause they made a few good calls. i thought that was the case but from your behaviour i see it is not. great, i am more than happy to have u around.

i'll follow your profile to get to your systems so i can take a look if u don't mind.

green pips, H
No problem, been around a while but I don't follow as closely as I used to. Once you start making money on a regular basis albeit slowly and steadily rather than thousands at a time then your interest in the forum wanes a little. I still like to look at new ideas or new takes on old methods but I'm happy trading the way I trade. I started a couple of threads with profitable systems but after a while it felt like I was trying to convinve people to trade the way I do which is a waste of time. If I'm making money trading why do I care about anyone else's opinion of my method?

Good luck with this thread anyway. I'm always interested in these mathematical style methods, channels, pivots, etc.

Tell me something about these pitchforks... They always draw at a certain angle right? Is it 45 degrees or something less?
  • #27
  • Edited 3:06pm Dec 3, 2011 2:53pm | Edited 3:06pm
well, when sessions change the high or low of the last session changes. i wasn't confortable as the sl was still HIIIIGGHHH above as you can see in the last post (not indicated but as i said before it's a few pips above the upper lip on a down channel).

and then london closes ufff

i updated the point 1 and tthen i look for point 2 (on a downtrend should the "outest" or "rightest" of the swings) and point 3 the last swing low (that one is easy LOL)

i had to wait only a couple of candles to get a close out side the downward channel. booked 110 pips. made my week green.
Attached Image
dreams do come true.
  • #28
  • Dec 3, 2011 3:04pm Dec 3, 2011 3:04pm
do u use MT4? if so, just try the tool. the angles are variable depending on the 3 points.

LOL i understand that one about the opinions on your methods. can be very annoying to have a method that maintains a steady income, using it for years and then someone comes and says "no, no, no this works good THIS way".

feels like giving pearls to pigs, right?

one of these days i had my brother-in-law here for the weekend and he started trading 1 month ago. i was giving him some realllllly basic pointers as to where we could START but, man, he already knew everything! i must be really dumb having spent the last 4 years almost full time around this shit and am slowly starting to break even now.

funny also that u mention the huge difference between "boomer and buster" (read it too?) and the consistently profitable. have been to the first expect to be getting to the second real soon

Quoting Hugh Briss
No problem, been around a while but I don't follow as closely as I used to. Once you start making money on a regular basis albeit slowly and steadily rather than thousands at a time then your interest in the forum wanes a little. I still like to look at new ideas or new takes on old methods but I'm happy trading the way I trade. I started a couple of threads with profitable systems but after a while it felt like I was trying to convinve people to trade the way I do which is a waste of time. If I'm making money trading why do I care about anyone...
dreams do come true.
  • #29
  • Dec 3, 2011 3:16pm Dec 3, 2011 3:16pm
hey bro

congrats keep it up

i think i have an indi it might help , not home now visiting mum when i go back i will post it here, i think its time somthing
  • #30
  • Edited 3:46pm Dec 3, 2011 3:19pm | Edited 3:46pm
remember post #12? the hourly chart? so, what do we do when we start seeing it swing down? we update point 3!

fuck, it stopped at the lower lip! hmmm, somehow it does seem to work, huh?

i will enjoy when i post some of those "to the fukin tenth of pip" trades.

don't forget that after you have a close above but with a low below the line one should update point 2 (didn't do that in the chart so that you could see what we had before we reached the point and after we updated point 3).
Attached Image (click to enlarge)
Click to Enlarge Name: FF.JPG Size: 68 KB
dreams do come true.
  • #31
  • Dec 3, 2011 3:24pm Dec 3, 2011 3:24pm
Just commented ur profile. it's like a tattoo, doesn't come off LOL.

Kuddos my friend!
Quoting kill56
hey bro

congrats keep it up

i think i have an indi it might help , not home now visiting mum when i go back i will post it here, i think its time somthing
dreams do come true.
  • #32
  • Dec 9, 2011 6:52am Dec 9, 2011 6:52am
I'v come with one uncertainty - how you determine direction of those lines?
I mean - to draw a straight line you need two points, but here you have one point for each line..?
69
  • #33
  • Last Post: Dec 12, 2011 4:49pm Dec 12, 2011 4:49pm
it seems u are using lines and not andrew's pitchforks. maybe that tools doesn't come in the default set of tools on mt4. i must have added it so long ago that i don't recall. anyway if u don't have that tool on your tool box just click the right mouse button on any of the pointers, lines, fibs etc and choose costumize. then add the andrew pitchfork. you will see a new icon represented by 3 paralell lines. play around some.

if you have any trouble getting it to work let me know. i will gladly help.

sorry for taking so long to reply. haven't been able to spend much time here at FF last couple of days.

green pips, L

WBR

Quoting Likerty
I'v come with one uncertainty - how you determine direction of those lines?
I mean - to draw a straight line you need two points, but here you have one point for each line..?
dreams do come true.
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