Goldmine!

Hello Traders,

A very quiet night for me (London Session). Price was in a very tight range...then came the expected breakout... to the upside. Will post charts later today before the Asian session and then again before the London session.

Have a very busy day. Hope the US session proves to be exciting and profitable.

FYI: The 4-Hr EurUsd chart had shown some bullish sentiment end of last week. We'll see how long it lasts.

Take care,
 
Hi again,

Morning schedule allowed for a quick post. We'll see if Friday's bullish sentiment will continue. For new pitchfork traders, observe how price reacts when it encounters a fork line (called a tine).

Take care,

Quote from FX4Newbies:

Hello Traders,

A very quiet night for me (London Session). Price was in a very tight range...then came the expected breakout... to the upside. Will post charts later today before the Asian session and then again before the London session.

Have a very busy day. Hope the US session proves to be exciting and profitable.

FYI: The 4-Hr EurUsd chart had shown some bullish sentiment end of last week. We'll see how long it lasts.

Take care,
 
Quote from FX4Newbies:

Hi again,

Morning schedule allowed for a quick post. We'll see if Friday's bullish sentiment will continue. For new pitchfork traders, observe how price reacts when it encounters a fork line (called a tine).

Take care,
 

Attachments

Hello Traders,

I have drawn two new forks on the chart; one red and one green. The green one shows an overall bias to the upside, however, the more local red fork is showing a sideways bias.

Personally, I prefer to wait for more confirmation. Some may prefer to scalp. This is the decision of the trader.

Be very watchful.
 

Attachments

Hello again Traders,

Market still sideways but I added another fork (Schiff) to see what advantage it would give. It is the green fork over the red in the area of the consolidation. It shows a slightly upward bias. However, it is still a waiting game for me. Not interested in expending the energy scalping. We'll see what London session will do.

Be very careful.

Quote from FX4Newbies:

Hello Traders,

I have drawn two new forks on the chart; one red and one green. The green one shows an overall bias to the upside, however, the more local red fork is showing a sideways bias.

Personally, I prefer to wait for more confirmation. Some may prefer to scalp. This is the decision of the trader.

Be very watchful.
 

Attachments

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