Goldmine!

[FX4Newbies]

will explain later

Thanks for the detail. Will go through with a fine-tooth comb before I reply. 😉

 

[FX4Newbies]

Here is an update. For Fork traders, we know 80% of the time where the price is likely to go...and the market is still on target to get there.

View attachment 339800


Let's see how the market navigates forward. What I like about Pitchforks is that you can use it with any credible method and the results are simply POWERFUL!!! No escaping it! Remember...these lines are there in advance of price.

Want to add this comment for traders who may not be pitchfork traders... there are rules for drawing the forks for optimal and accurate results. It is not a trial-and-error method, where you "wing it" until it fits price. I saw a video a few years back where the presenter was discussing the Andrews' Pitchfork, and I could tell he did not know how to apply it correctly. If a trader does not know what is what, and follows that video, they would be in a mess...but they might tend to trust it because of the "credible" source, meaning the reputation of the presenter.

Be careful out there people! Not everything online is worth your time, effort, money and in some cases, the trading trauma and drama that is caused.

Just posting a chart update on price action here...

 

[FX4Newbies]

Hi again 2be,

Very nice videos and I certainly agree with your concepts...using the longer timeframes etcetera and confirming the entry using an approach to determine a change in momentum. In addition to the forks you mentioned, I include a few other approaches in my analysis as there are times when the three forks mentioned may not capture price action well.

Will also be sharing some pitchfork videos on YouTube soon.

Great stuff these pitchforks!!! 👍 Very glad you are an avid fork trader.

 

[2be]

Hi again 2be,

Very nice videos and I certainly agree with your concepts...using the longer timeframes etcetera and confirming the entry using an approach to determine a change in momentum. In addition to the forks you mentioned, I include a few other approaches in my analysis as there are times when the three forks mentioned may not capture price action well.

Will also be sharing some pitchfork videos on YouTube soon.

Great stuff these pitchforks!!! 👍 Very glad you are an avid fork trader.

Interesting!!

 

[2be]

Hi FX4
I only trade DOW
covered the longs from below 44 to the top
So far the gap to the last session close has only partially been filled, but the intersession gap has been filled
Gaps for indices trading are important to me

 

[FX4Newbies]

Hi FX4
I only trade DOW
covered the longs from below 44 to the top
So far the gap to the last session close has only partially been filled, but the intersession gap has been filled
Gaps for indices trading are important to me

Certainly! Gaps are a big deal, especially trading indices.

 

[2be]

Something is not right
DOW up 0.22%
S&P down - 1.81%
NASDAQ down - 3.24%
Russel 2000 down -0.6%

 

[FX4Newbies]

Something is not right
DOW up 0.22%
S&P down - 1.81%
NASDAQ down - 3.24%
Russel 2000 down -0.6%

Hmm...a mixed day in the markets. Any big movers on the DOW?

 

[2be]

Hmm...a mixed day in the markets. Any big movers on the DOW?

very interesting day on US indices

DeepSeek threat sends tech stocks tumbling and the Fed will be watching

DeepSeek's AI threat to the Magnificent 7 hits tech stocks hard

think.ing.com

 

[2be]

Check diversion on DOW m30, PA - stochs often a reliable outcome of such diversion - at least for few hundred points on DOW
traded both ways,
shorting from the top, failure of reaching the big number - for now

 

[2be]

Check diversion on DOW m30, PA - stochs often a reliable outcome of such diversion - at least for few hundred points on DOW
traded both ways,
shorting from the top, failure of reaching the big number - for now

good points grabbed on that move down, taking it easy for a while, FED rate and FOMC conference, out at 725 shorts covered, very close to the last session close
That Wk pitchfork is great, also use daily pitchfork and M30

 

[2be]

good points grabbed on that move down, taking it easy for a while, FED rate and FOMC conference, out at 725 shorts covered, very close to the last session close
That Wk pitchfork is great, also use daily pitchfork and M30

DOW so far today on M1 - M5 TFs
pair MA5 trendlines arranged as described were useful for intra day trades, a bit fast at times, but.... came out well in the end

White DT chart - a combination of different Pitchforks

 

[FX4Newbies]

good points grabbed on that move down, taking it easy for a while, FED rate and FOMC conference, out at 725 shorts covered, very close to the last session close
That Wk pitchfork is great, also use daily pitchfork and M30

Excellent!!! Yes, weekly forks are great as well as those lower timeframes to flesh out the picture.

 

[FX4Newbies]

Continuing to follow this pair...

Did not draw in other lines. Just giving the general idea. Price at a serious cliff-hanger with FOMC news later today.

 

[2be]

Continuing to follow this pair...

Did not draw in other lines. Just giving the general idea. Price at a serious cliff-hanger with FOMC news later today.

View attachment 339922

Pitchforks and lines look great, but I do not trade FX, so I am not aware of possible S/R zones or any other useful info.
I must have sleep walked into the first trade of the US session on the DOW and SL have been triggered, that was my biggest loos this year (just over 50 points LOL). This loss has been rectified within few minutes, DOW moves fast, so a positive day, though I have had a waking up call.
DOW just hit the DP, done my lazy number of trades and waiting for the news release and conference

Federal Funds Rate and FOMC conference - reasonably effective, provided good volatility for the DOW
Earning season big announcements ASC
coming soon!
Very busy day for DOW!!!

On another matter, just found that I can only edit posts within the 24hrs from posting time, including the very first initial post of the initiated thread. That was not the case years ago, something has changed.
That arrangement is suboptimal to the way I would like to organise threads initiated by myself.
I like T2W, but this lack of the possibility to edit at least the opening post limits the way wish to operate, so due to that I shall occasionally visit this forum and possibly post things from time to time.
Wishing you many good trades and positive pips, or points if you trade indices!!!