the blue pitchfork is giving a sell signal now... I am sure that price has passed through the lower trigger line in the blue pitchfork..... So if i were u would be selling now
Wat do u say, Mr black
Andrews Pitchfork (Median Line)
- #4,781
- Dec 31, 2011 2:59am Dec 31, 2011 2:59am
- #4,783
- Dec 31, 2011 9:32am Dec 31, 2011 9:32am
- | Joined Jun 2011 | Status: https://twitter.com/ForexAarish | 230 Posts
The reason why I went short on CADJPY is that 1) the lower trigger line on the pink pitchfork have been penetreated(price went through the lower trigger line) and 2) i am expecting price to go to blue pitchforks median line(which happens 80% of the time)
The reason why I went short on USDCHF is same as reason 2....
The pitchfork traders best advantage is their profits.. Profits are way larger than losses ..so u can save ur ass
I normally put TP on the median line and it is quite good
sometimes TP2 is on my median line...because price will go near median line and maynot touch it rise upwards or downwards like hell..so to cut my losses i do that
by the way i always have problem in adjusting my SL........u can see that frm the attachments
The reason why I went short on USDCHF is same as reason 2....
The pitchfork traders best advantage is their profits.. Profits are way larger than losses ..so u can save ur ass
I normally put TP on the median line and it is quite good
sometimes TP2 is on my median line...because price will go near median line and maynot touch it rise upwards or downwards like hell..so to cut my losses i do that
by the way i always have problem in adjusting my SL........u can see that frm the attachments
I am the one and only profitable forex trader, but not the only one
Hey Mr Black .
Why did u go short in that trade ???? I find no reason on going short... specially price didnt reach the median line and to reach the median line price shud go up and price didnt break through the trigger lines ..
if i were u i wud go long expecting that price wud reach median line...because that happens 80% of the time
May i knw why u went short?? or did i miss anything frm ur chart
- #4,792
- Jan 2, 2012 9:31am Jan 2, 2012 9:31am
- | Joined Jun 2011 | Status: https://twitter.com/ForexAarish | 230 Posts
I am currently Short.......If I exit now will be B/E Day.....I went short because the cycle says so
lower trigger line penetrated...a sell signal is givenn
booooooooooom price would go down after that (most of the time)
I am the one and only profitable forex trader, but not the only one
- #4,793
- Jan 2, 2012 9:33am Jan 2, 2012 9:33am
- | Joined Jun 2011 | Status: https://twitter.com/ForexAarish | 230 Posts
I am currently Short.......If I exit now will be B/E Day.....I went short because the cycle says so
why arent there trigger lines on ur chart ???
u must be patient.....
I am the one and only profitable forex trader, but not the only one
- #4,795
- Jan 2, 2012 1:58pm Jan 2, 2012 1:58pm
- | Joined Jun 2011 | Status: https://twitter.com/ForexAarish | 230 Posts
Hey Mr.Black
Why don't you use a higher TF (like me , i use H1 ) to trade using forks ???
i think then, ur results would be better than now
Have a nice day
Why don't you use a higher TF (like me , i use H1 ) to trade using forks ???
i think then, ur results would be better than now
Have a nice day
I am the one and only profitable forex trader, but not the only one
- #4,799
- Jan 5, 2012 8:38pm Jan 5, 2012 8:38pm
- Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts
- #4,800
- Jan 7, 2012 9:11am Jan 7, 2012 9:11am
- Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts
