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Hello Konviction, The slope of the fork you have drawn shows a downtrend. You may have bought a bounce in a downtrend. I don't know how far it will go, but I would suggest that you to think about your trading rules; your trading plan for dealing with these situations? Are any earnings or...

Hello Traders, The blue triangle on the chart is what I call the Bermuda Triangle. Quick trades...no big trend.

Seems like this area could show us something that will birth the next move. We wait for confirmation.

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Chart for prior comment. Target area did not show. Will post chart next. Sorry.

...or maybe I was late :). Price fell close to the area I marked...close enough for me Where to next? P5 or Resistance? Take care,

Just watching the market...

Price failed to hit ML of green fork and also broke lower MLH of green fork. Finding support on WL2. In target price area... Next...London session.

Hello again traders, Hope you had a wonderful weekend. Well, the market is open. Price dropped to test the lower parallel line of the red fork. Is now in a primarily sideways mode for those who scalp. We'll see how the Asian session performs in preparation for the London session...

Hello traders, Just trying to get an idea on paper. Will watch to see what happens, especially after the G20 weekend. In no rush. Would like to make an informed decision :) Left a few landmarks (labeled in light gray) so we can keep track... Take care,

At least you see your error. I read somewhere that if after you enter a trade, and you see "evidence" that you did not do the right thing, get out and take another look. Many times we are eager to get in so we don't miss out, then after the click we see...the whole story of what the market is...

Wonderful. It is a great thread on FF. Enjoy.

I guess posting the link would help :) http://www.elitetrader.com/vb/showthread.php?s=&threadid=200455 Take care,

Hello Konviction, Very glad you are pursuing pitchforks. I have attached a minor tweak to your chart...in this business a small angle could mean alot...dollarwise. Gray fork was drawn by hand as I do not have chart overlay software yet. Check out my charts on Goldmine! Enjoy the weekend.

Hello Da-Net, I started a thread here called Goldmine! Take a look and see how the pitchforks work for me. It is all about how they are applied. Like with everything, you have to know how. Until next week,

Just wanted to add that forks work in any market, they just may not be used as much. Take care,

Please note that the 80% probability of price hitting the ML applies when the pivots selected are the immediately alternating pivots prior to the current price action. I choose to mention this here, just in case someone draws a fork with pivots miles away and does not understand how to handle...

Hi again, Chart with Aud-Usd attached. Got into this trade a little earlier so I decided to let it play out. Chart is included here since that was my trade. Will resume my usual Eur-Usd posts of my analysis. Take care,

Below is the continuation of the Eur-Usd that we have been following. I placed a trade in the AudUsd...chart will be posted next.