Here is your pink (up) for QQQ with volume. It shows indeed there is demand at the current price. If the next bar closes above the bottom line I believe this would be a long entry via NQoos' methodology.
peter ... the BLUE fork you drew isn't quite the same as my PINK one ... and, I'm not being picky ... ggggggg your start point for the mid tine for your BLUE is on/about Mar 12 whereas the start point for my PINK one is on/about Mar 11 nice to have you reply... keep it up I know that volume is important to you .. and, indeed for many years of equity trading it was verrrrrrry important to me also ... I've been moving into a more simplistic method of charting now for the past three years or so, especially as I concentrated on the emini and have let my volume analysis slacken somewhat but I DO know and appreciate the importance
Hi Racehorse, In your chart you have drawn higher and lower time frame pitchforks in the same chart. I am wondering how to do this in the same chart and what software did you use. Thanks.
hkay .. currently I'm using QCharts for my market data and charting and I draw a longer time frame fork, say --- Daily first then change the time frame to, say --- 60min QCharts keeps the longer time fork visible, or the portions of it that are visible in the shorter term viewing area so .. there is no secret method .. QCharts does it for me that is why that sometimes on the shorter time frame charts the points of demarcation for the older forks will be off the exact price by a bit and appear a bit sloppy ... really it is due to what I call "time parallax" ... dunno what the actual name is, tho .... ggggg hope this helps
That's hilarious...and to think it's been lying dormant for two years. Gives new meaning to the phrase "technical bent."
Bump. I like forks too, and hope to bring this thread back to life. Hope others here use forks , however there isn't much talk about them here on the board, dispite they're the only leading indicator. Kon