Anybody heard about the Pitchfork signals?

[mizhael]

Any comments and thoughts on this charting method?

 

[phil1424]

I had a broker in the early 90's that used them all the time ,not sure though how well he did with it though.

 

[mizhael]

Quote from phil1424:

I had a broker in the early 90's that used them all the time ,not sure though how well he did with it though.

Looks complicated to me.

What are the most essential charting method, if that's not the pitchfork thing?

 

[jtr3]

I saw a video through the MTA website by Tim Morge about median lines. He does seem to have a lot of knowledge on the subject. There are a lot of nuances and subjectivity when using them imho. He does seem to use a good strategy and money management technique though.

http://www.trading-naked.com/Tim_Morge.htm

http://www.medianline.com/

 

[mizhael]

Quote from jtr3:

I saw a video through the MTA website by Tim Morge about median lines. He does seem to have a lot of knowledge on the subject. There are a lot of nuances and subjectivity when using them imho. He does seem to use a good strategy and money management technique though.

http://www.trading-naked.com/Tim_Morge.htm

http://www.medianline.com/

Does this thing really work and should I spend time on it, as I am a newbie to the Technical analysis and charting world...

 

[jtr3]

Oh geez, that's a loaded question. Are people successful with it, yes, I believe so. Is it something I use, no. Does not suit my style.

Should you learn it? I would say you should try and learn anything you can. You never know when something will make something click upstairs.