pitchforks

I got that book by Dologa, and was pretty disappointed by it. He makes a simple concept very complicated, and clutters his charts with so many lines, and indicators that you can't make sense of anything. I keep it as simple as I can. I like to combine fibs with my forks for a few reasons:

1. Fibs offer a different view of where s/r levels are
2. Price respects fibs
3. Fibs are good to see where price can go by looking at the extensions

I have momentum on charts, but I don't really use it. :(



Quote from ammo:

i watching kon to see how well they are respected
More...

:D

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Tim Morge is the best. Check his site marketgeometry.com for his free fork seminars that he does once a month.
 
Yah, soo many tools soo many methods, the combinations are endless,I find it very annoying and a long process to filter out the noise. I don't use indicators, just primarly am trying to focus on price action. Dologas book is very dfficult to read, i dont know if its a doctors thing to confuse the living shit of you on purpose or inadvertently.
I wanna focus on price action for now, I am exploring Renko charts and Point and Figure charts along with fixed volume charts. I use ninja trader but am considering getting multicharts.Pitchfork is interesting since I wanna see how effective it is and if I can use it in price action analysis.
 
TXN. Been watchin this one, and its had a nice retracement up staying within its fib levels. Even though we're not at the upper fork line, we are at a resistance point on the forks called a "Sliding parallel" as marked by the two ligher shaded black lines. Price shows its still trading inside the green fork, but on a daily its been broken.
 

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TXN on a daily chart. Here you can see the break of the green fork, and the purple fib levels holding. I'd like to see a double bottom of at least 22, to a fib t1 of 20.67
 

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