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The purpose of this chart is to illustrate the basic idea of how a pitchfork works to people who don't know anything or very little about it. The yellow oval's purpose is to show price touching the ML. Secondly getting into the Schiff and explaining touches etc. is going down a path that I...

Hi Elovemer Glad to hear you use Pitchforks. Do you use them in conjunction with another system (no need to disclose what else you use necessarily). Where did you learn them? Do you know how to apply them when there is what is called a Price Failure? What about locating P5s. I think if...

Hello Traders, As promised, attached is a chart showing the basics of the Pitchfork. As I mentioned earlier, there are many rules associated with effectively using this wonderful tool, but I think with this basic understanding, you should be able to gain some insight into my charts. Thanks...

Hello again traders, On second thought, I think it would be better if I did one post about the general properties of the fork than try to post notes on each chart. Learning how to use the Pitchfork is a study in itself, but the basic understanding would be beneficial. If you would like to...

Konviction, That blue fork showed two important things: 1. Price failure as the price did not reach its ML. 2. The U-MLH became a switchback line providing support for the move up.

Hello traders, I notice that many of you have been downloading the charts I have posted. I suppose some of you are new to Pitchforks and it may help you to understand how they work if make notes on my charts to help you to see what they are communicating. Please let me know how that works...

Looks like a potentially good place if UMLH holds...looking forward to seeing how it plays out.

Hello Traders, EurUsd has been dancing sideways during the night...grabbed a few pips. Overall though, just don't feel like expending the mental and emotional energy involved with scalping. It's Friday. Congrats for making it through the week. Enjoy the weekend,

Hey konviction, Glad the earnings report saved you :). Just continue to plan your trades. Take your time...let the market come to you. Take care,

Bulls finally pushed through finding support on MLH as switchback line (blue one). A switchback line is where price breaks through, comes back for the retest then takes off... Will just keep watching. Take care,

Hi again, Price is having a time trying to go somewhere...racked by the MLHs...2 blue and 1 green. For additional reinforcement the burgundy ML above it all. Looks like it wants to go higher. Let's see who gets the first break...bulls or bears. I'll be watching for a while...hope it...

Well price behaved :) Finds itself at a major crossroads now...will it go above maroon ML or turn. Only time will tell. Enjoy your day,

At least we got some swings to work with. Let's see if the market will continue out of the rolling chop.

Hello again, Hope everyone had a great day! Just to wrap up my last chart...price turned upward passing yellow target idea. Change in direction started as price broke red MLH. New view of chart coming next... All the best tonight to everyone,

Hello Traders, Had a very busy day...will be posting again prior to the London session. Take care,

Hello Traders, Definitely a sideways day as shown by the large dark red fork. A few pips were possible scalping here and there. Chart is what I am looking at to see what the Asian session would add in preparation for the London session. Take your time...plan carefully before executing...

That's great...hopefully it continues.

Hello again, I guess the dust hasn't quite settled yet. Price is once again in no man's land per my chart. By "no man's land" I mean that price is in the space between the tines...the lines of the fork. Watch and wait I will... Take care,

Shorted Eur/Usd at 1.1960 and exited at 1.1923...saw some more support and decided to watch again to see what detour might be ahead. I guess it is still interesting :) New view attached.

Hello traders, Watching to see if price is ready to make a move...feels like it will be an interesting night. Wishing us all good success,