What are all those other lines you have in there? imo you dont need those. But if it helps you, keepem.
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pitchforks
- Thread starter racehorse
- Start date
Stopped out TRLG + 88. Not the best, but I'll take a profit anyday. No chart.
ADSK -180.10 Had my stops at b/e, but the gap took me out above my price.
ABFS 140.70 Took off 1/2 my profit, but again, the open took me out at my b/e, but still lost a few bucks from commission.
XOM -1205.40 My analysis on the weekly chart suggested a short. Had a tight stop, and again was taken out at the market open.
ABFS 140.70 Took off 1/2 my profit, but again, the open took me out at my b/e, but still lost a few bucks from commission.
XOM -1205.40 My analysis on the weekly chart suggested a short. Had a tight stop, and again was taken out at the market open.
Quote from hopeful:
Those pitchfork lines are holding the price down, and there is a very clear divergence between stochastics and price. Down we go, but the PPT will save the day!
So much for that, SPY doesn't care about pitchforks. Neither do I. Until next time they seem to be working.
You will never find a method that works 100% of the time. Master traders dont flip-flop between strategies.
For what it is worth...
There was a time when we drove cars with only a rear view mirror. Then later, side mirrors were introduced to help remove blind spots. You are right Konviction, no one method works 100% of the time... by itself. I think the best trading approach is to have one method of analysis that is predominant, then use other approaches to fine-tune., if that should become necessary.
Sense some contention about the Pitchfork. I honestly don't know of another tool as powerful as it is. Won't trade without it, but I think my trading "side mirrors" only help to gain 100% from the only tool I think can come close.
Take care and keep pippin'
FX4Newbies
There was a time when we drove cars with only a rear view mirror. Then later, side mirrors were introduced to help remove blind spots. You are right Konviction, no one method works 100% of the time... by itself. I think the best trading approach is to have one method of analysis that is predominant, then use other approaches to fine-tune., if that should become necessary.
Sense some contention about the Pitchfork. I honestly don't know of another tool as powerful as it is. Won't trade without it, but I think my trading "side mirrors" only help to gain 100% from the only tool I think can come close.
Take care and keep pippin'
FX4Newbies
Quote from konviction:
You will never find a method that works 100% of the time. Master traders dont flip-flop between strategies.
^ thanks FX. Imo, the fork, along with the basic channel are THE most effective ways to forecast price movement. Forks and channels plot the lines and boundaries that price is most likely to follow. Traders that trade with this method are able to see the road ahead, and not just from mirrors.