pitchforks

Gosh..finding some juicy lookin forks here. ACF off weekly...another nice test off the ufl (upper fork line). Might be looking to enter long off this median line, but I'm already long 6 positions, I need some shorts to balance out my pnl.
 

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This is a sloppy fork, but I want to show how price is attracted to the median line, like moths to a flame. At some point price will need to choose a clear direction, and it should test the upper or lower fork lines. The median line's goal is to show the "the most probable path " price will take.
 

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Hello Konviction,

Price did get a little sloppy after the ML, but it moved nicely to it. By the way, what are you using for those blue lines, pivot points? Looks like the ML began to act as a C/L.

Have you seen some of my FX charts at Goldmine! using the Pitchfork? Don't recall.

Take care,

FX4Newbies

Quote from konviction:

This is a sloppy fork, but I want to show how price is attracted to the median line, like moths to a flame. At some point price will need to choose a clear direction, and it should test the upper or lower fork lines. The median line's goal is to show the "the most probable path " price will take.
More...
 
Moving stops to b/e on fslr and re, and took some money off the table on RE for +371.00. Will post charts after trades are fully complete.

kon
 
update for BHI. I'm really like this setup for a short, but its still too soon to tell. I'd like to see further break down tomorrow. Some traget areas have been drawn.
 

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