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kapital replied Feb 9, 2011HOURLY AUD/USD — When a regular or modified schiff just won't do... One way is to draw a fork with an alternative point of origin (APO) by selecting your B and C pivots and then taking the handle of the fork and adjusting it so that the upper ...
Pitchfork Goldmine!
- kapital replied Feb 9, 2011
HOURLY EUR/USD — Here is another example of two-fork trading (first chart):
Pitchfork Goldmine!
- kapital replied Feb 8, 2011
Wow...you've got quite a spike for your P1 pivot on your inner pitchfork. Mine didn't go quite as high.
Pitchfork Goldmine!
- kapital replied Feb 8, 2011
Sometimes, you will find that using two pitchforks whose third pivots are different is quite beneficial. Price will bounce from the line of one to the line of the other.
Pitchfork Goldmine!
- kapital replied Feb 8, 2011
Taking another look at the setup, I see where I can use the pivot adjacent to the previous one. The new fork captures price much better.
Pitchfork Goldmine!
- kapital replied Feb 8, 2011
HOURLY USD/CAD — At times, as in the chart you are referring to, I treat certain price action as just noise...an anomoly. I just treat it as if it was not there and select the next significant pivot. I mostly do this with spikes or sharp ...
Pitchfork Goldmine!
- kapital replied Feb 8, 2011
To which chart are you referring? I think my tagline sums it up.
Pitchfork Goldmine!
- kapital replied Feb 8, 2011
DAILY USD/CAD — Wash 'n Rinse occurring along the upward reaction line right now.
Pitchfork Goldmine!
- kapital replied Feb 8, 2011
HOURLY USD/JPY — I included the upfork you brought to my attention FX. I can't believe I overlooked it.
Pitchfork Goldmine!
- kapital replied Feb 8, 2011
HOURLY USD/CAD — If accumulation at these levels is occurring by "those with "deep pockets", then it's going to be a very sweet ride to the upside! (I like the frequency the downward fork is showing. Nice separation at the 1st downward warning ...
Pitchfork Goldmine!
- kapital replied Feb 7, 2011
HOURLY USD/JPY — Just added a few more lines...I'm still keeping an eye on the upfork from the previous charts (it's in the background)...I want to place more focus on this one.
Pitchfork Goldmine!
- kapital replied Feb 7, 2011
HOURLY USD/JPY — Potential short setup; downfork is a regular schiff (the lower parallel of the upfork is a potential target as well)
Pitchfork Goldmine!
- kapital replied Feb 7, 2011
It's a regular schiff. I used the high at the top on the extreme right.
Pitchfork Goldmine!
- kapital replied Feb 6, 2011
HOURLY EUR/USD — Catalin Fork...price met good resistance (w/separation) at the upper midline. Look for a potential move to the downside if price reaches it again.
Pitchfork Goldmine!