May The Fork Be With You! - Page 6
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Thread: May The Fork Be With You!

  1. #51
    Quote Originally Posted by ;
    am I right to take this trade? picture
    I really don't understand. You tell me. Be serious or proceed.

  2. #52
    It generated a lower low and a lower high. That is the first thing necessary for a fashion change. Nobody knows not or whether a transaction will work. But you may use basic, easy concepts to search for possibilities. The simple standard theories have a propensity to work better than any indior. (and the broad range bar down and MPL held quite well ).

    If I could discover that set up everyday, I'd trade it.

  3. #53
    Quote Originally Posted by ;
    It generated a lower low and a lower high. That's the first thing necessary for a fashion change. Nobody knows whether a trade will work or not. But you can use basic, simple concepts to search for chances. The standard concepts have a tendency to work better than any indior. (along with the broad range bar down and MPL held quite well ). If I could discover that setup everyday, I would trade it.
    Agreed rather than stating that this was or was not a valid trade. But would like some discussion. Who am I give it a stamp of approval or to confirm a trade? The trade is the previous step.

  4. #54
    Only an example.
    Within this GBPJPY H1 the green upward fork is explaining the route of price to the upside. Though price has already reached the median line it retested the lower parallel and engulfed an external pub to the upside...a sign of considerable bullish strength. Price retraced into the engulf and today has made a new high in this time period. 3:1 goal reached.


  5. #55
    Quote Originally Posted by ;
    am I right to take this transaction? image
    I will comment.

  6. #56
    Quote Originally Posted by ;
    am I right to take this transaction? picture
    1. Just you know why you entered this transaction. However you didn't give your justifiion for the entrance.
    2. By the chart provided you are in profit and at this time it seems trade direction is the only issue.
    3. Knowing your profit goal and how it relates to a trading plan in terms of your R :R will help you answer your question.
    4. It seems you've drawn in median line along with a blue box marking off a WRB gap. I assume that the gap may have been your principal reason to put in the transaction even though the entry is considerably below the box and in the context of this chart it's against market flow. Pivot C occurs basically wherever your transaction was entered so in fact the median point you drew in is an afterthought and after your transaction happened. I guess you could use it to get profit goal but again you didn't state that nor does your chart show a goal less a halt loss. There is not any other median point describing preceding price before your trade. There is some substantial market arrangement here which could be clarified.

    I'm sorry if I sound rude but I don't believe you put much thought into this post and even tough I've provided a pretty good answer I will not do this later on. I do wish you well.

  7. #57
    Check on here out, he is posting median charts in FF.

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