Hello again, Received this comment and thought it and my response may help some: On your chart, you got lines going all over the place, and then all your posts you are waiting on price action, but no trades are getting made because of the uncertainty. Now, I'm probably a lot more impetuous than a lot of traders, but how do you know when to pull the trigger? But then, maybe you are pulling the trigger a lot but not posting. Not finding fault with that, but I'm having a hard time figuring when you are getting signals from the forks. My response: Glad you see enough happening with these lines to want to try to figure them out . I leave lines in sometimes, so people can follow the progression. It may be hard for someone just jumping in and getting it. They need to go back a few charts and go with the flow. Regarding your comment about waiting...the lowest risk trades are placed close to Support or Resistance levels. I wait and watch for price to get in position for the lift off so-to-speak. I do not like entering a trade, having it roll around forever, before it decides to go somewhere. The longer your money is in the market, the greater the risk to which it is exposed. I like seeing my set-up and entry, getting in and letting the market move. Usually when I enter a trade, I am profitable in minutes, and the price keeps going if my timing was optimal. Trading isn't hard if we are patient. Most people just aren't. Anyway, I have attached two charts that should help you a little. The first chart was posted earlier in the thread. Learning to trade with Pitchforks is not difficult, but it does require training and education, which is more than can be done here. Maybe people would like what they see and would want to learn. If so, they can contact me. The Pitchfork operates on the same concept as trading off of Support and Resistance: buy at Support, sell at Resistance. In chart two, the U-MLH is acting as Resistance, hence the sell. I think with your experience in trading, it should now make more sense. Thanks for the question, FX4Newbies
Price continues to fall...did not find support at new teal L-MLH FYI: Price is finding support at the U-MLH of a fork that started this run up on June 2nd. If price does not hold at that U-MLH, or current support level shown here, then the L-MLH of the current red fork is a likely target. FX4Newbies
A new fork shows price's attempt to go lower. Hitting support at the ML target of new fork. Will see how it played out when I return to the office.
Hello again Traders, Have been in meetings most of the evening. Here is my current view of the EurUsd, H1. Will be preparing for the London Session. Take care, FX4Newbies
Good Morning Traders, As you can see, price took off with the buy from the previous chart and just hit the ML of bigger teal fork as well as MLH of smaller fork. As this is considered a high probability target, much can change. If trying to enter a trade, wait for confirmation of your setup. May not post again until Asian session or just before. By the way, in case you are wondering, the targets in green are after the fact, the yellow are before. I put in the green ones so that traders can see Pitchforks at work . Enjoy your trading day,
Hello again, Just posting to show where price is now. Will see how it positions for the next move. If it does not find support a shown in the area of the red U-MLH, then it may fall to teal L-MLH or burgundy ML. Time will tell and may give some clues by the London Session. We'll see. Take care,