some chart illustration :

Flippy method

Its very nice feature , but since I don't trade news releases, I don't know if its good or not for those who trades it. But its always fun to see how market reacts to news release.

US Durable Goods Jan 26

Heres my spreadsheet on bat backtest. I include stoplosses in backtest to use MM for bat. Only backtest from december for now, I'll do further test later. From what I got, the Bat has around 8% max drawdown /w 1% risk on each trade. But its still ...

The Bat...a strategy by Team Aphid

this from last PPI release : PPI Weights to be Updated The Bureau of Labor Statistics will soon update the value weights used to calculate Producer Price Indexes to more accurately reflect recent production and marketing patterns. The new weights, ...

US PPI Jan 17

After 3 month of using pitchfork I've decided to discontinue this journal. Because I've realize, while pitchfork itself works for projecting possibility of future price channel, using pitchfork only, it somehow less dynamic than the market itself. ...

pitchfork trade journal

USD/CHF has broke upper TL. could use Tom Demark TL projection to trade this. but since this not a journal about TDTL i wont put this trade in here. Interesting setup on GBP/USD weekly and daily. Price has move to crossing point between 2 pitchfork ...

pitchfork trade journal

Trade #2 stopped out at be+1. Price getting nearer to PF upper TL. will see how this line played next cpl of day. Other major pairs doesnt show a new channel formed yet or already moved too far inside existing channel.

pitchfork trade journal

Thats some nice entry you have there Ron. If you dont mind, care to share rules of when to move SL?

Ron's journal

Trade #3 stopped out at be+1. not re entering trade. yen doesnt hold under 118.50

pitchfork trade journal

Trade #3 SELL USD/JPY 118.89 SL 119.23 TP 116.22 R/R = 1 : 7.5 TP is at mid PF & 618 retracement area

pitchfork trade journal

Trade #2 Sell USD/CHF 1.2163 SL 1.2270 TP 1.1900 R/R = 1 : 2.5 TP is at previous swing low, not at midline PF, because theres a strong support around that area (dbl bottom). Daily RSI shows short momentum.

pitchfork trade journal

TP at midpoint is just for simplicity sake on this thread, and to collect data on successful signal that reach midpoint. Old saying where I learn about pitchfork says 80% of the time price will reach midpoint. I wont believe that blindly, have to ...

pitchfork trade journal

well, actualy this method is not about trend, but its about price channel. While trend can be see when we looking backward, valid pitchfork is suppose to be able to predict future price channel, at least the 1st 1-2-3 pattern. sometimes it even ...

pitchfork trade journal

Actualy, my entry is right after price touching 0.618 retracement from previous day (18 and 19 dec) move up and is inline with lower pitchfork TL. When I see it defended well, I enter. not before the retracement happen

pitchfork trade journal

#1 trade stopped out at BE+1. previous pitchfork did not seem to able to hold up its lower TL new downward pitchfork forming, and sellers seem holding out 1.9675-80 (upper TL) well defended. Since new pitchfork is too thin, RR is not good enough to ...

pitchfork trade journal

whichever fork winning, if we put both in trade with good entry, the result is still + in pips.

Andrews Pitchfork

21 Dec 06 buy 1.9578 SL 1.9555 TP 1.9840 (top of bollinger bands/last high) Reward to Risk = 262 : 23 I moved my tp from 2.0050 to 1.9840 because 1.9858 is a few years new high, Expecting there will be difficulties to reach mid TL of pitchfork, I ...

pitchfork trade journal

Please don't stop. Its people like you, dial, and many other great people in here who keep posting their insight, is the one who really make changes for us newbies. I know that, heck, many other traders here who able to see big pattern, maybe even ...

Determining Risk