Price has been making lower highs and lower lows. Just be prepared to do whatever price confirms that it is doing. FX4Newbies P.S. Sorry I missed the post yesterday. Same chart, but price was at the intersection of the two MLs around 1.3165.
Hello again traders, Price moved down very little yesterday after chart was posted, then began to turn upward. Might continue to push. News to come though...just trade what you see as you see it. Always allow price to speak first... Take care, FX4Newbies
Hello Traders, Price has been trying to climb. A promise of resistance above. Will see if it can push to at least that high. News to come. FX4Newbies
Price did make it to the blue resistance line on Non-Farm Payroll news. Will have to see what changes, if any, the market will implement now. FX4Newbies
Hello all, Below are two charts showing a current view of EU. Observe how price is reacting to the lines. That will teach you alot. This chart is a close up: a front-row seat. Another front-row seat is coming in the next post. Take care, FX4Newbies
Hello again, I have gotten some responses from traders who have seen the Pitchfork in action and would like to learn more and maybe clarify some things as well. I have therefore set up a free Live Market Analysis Session to be held a week from today (and Wednesday, depending on the level of interest for that day and time). If you would like to be part of it, please sign up and be sure to indicate the time you can attend. The form is available on the blog, Pitchfork Goldmine. All analysis will start from a naked hourly chart (the viewers' choice, as long as it is available on my platform), so you can see the foundational process I use. The first chart I may select as I will be using it to cover particular points. You will also have the opportunity to ask questions. Be sure to have pen and paper handy to jot down some gold nuggets to help you mine your gold. All traders are welcome...all levels. My goal here is to help traders get the basics right. Everything else can be built from there. Invite a friend. Take care, FX4Newbies
Good Morning Traders, Price is in decision land...in the middle of the lower half of the smaller green fork. Has been attempting a move upward but came upon resistance. Wait for a definite tell to signify the next probable move. Take care, FX4Newbies
Hello again traders, Posting a little later than usual. Price found support at the intersection of two Warning Lines. On the chart below there is a green fork with a downward slope. The alternating three pivots selected would normally produce an upward fork, is showing a downward tendency. Might be a tell. No guarantees. Be careful and trade what the market shows you. FX4Newbies
Price stayed within that downward green fork. Some might even call it a diamond pattern. Will have to see how it breaks out of this area. FX4Newbies
The chart says it all . Will be busy preparing for the free Live Session on Monday. Will try to check in as time permits. Still room for those who would like to attend. Details on the blog Pitchfork Goldmine. FX4Newbies P.S. Price finally broke below green L-MLH.