pitchforks

[konviction]

Athr lookin good.

 

[da-net]

Quote from 4EXJOE:

Has anyone ever tried the forks for forex trading?

yes, i use them and they work well.....but ....

 

[konviction]

but what?

 

[FX4Newbies]

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

Take care,

Quote from konviction:

Yes, in fact forks are more common in fx than stocks. Check out this thread http://www.forexfactory.com/showthread.php?p=3775439#post3775439

 

[FX4Newbies]

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,

Quote from da-net:

yes, i use them and they work well.....but ....

 

[FX4Newbies]

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.

Quote from konviction:

I like Nile here on the weekly median line. Showing support, and I'd like to see a + close for the week.

 

[FX4Newbies]

I guess posting the link would help

http://www.elitetrader.com/vb/showthread.php?s=&threadid=200455

Take care,

 

[konviction]

Thanks. I've seen your post on fx factory. I've been a member there for a while.

 

[FX4Newbies]

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

 

[konviction]

Got a few positions that arnt performing as expected:

GRMN
LMT
MW

grmn first: Probably should have waited for price to hit the lower fork line before taking the trade, because then I would have seen that price gaped down below the line, and I would have ignored it..but now over 1 month later I'm still in this loser, and about to get stopped out it looks like.