OK, here's student who does good work, Leon.
He asks me questions...that means he uses his Brain.
Here's his question he sent me by email:
Could you do a lesson when to use Schiff and modified Schiff fork?
Here's my Answer, not only to him, but also to everyone in our Tribe:
Mr. Jeremy Shiff (the inventor of the Shiff-Fork) found them useful when prices where too steep, not reaching the Centerline.
Allen Andrews modified them afterwards, that’s why they are called Modified-Shiff Fork.
So there are the original Shiff-Fork and the Modified-Shiff Fork.
Experiment and try them out Leon.
There is no wrong or right per se, and no special case when to use them.
When you know what you do, what you mesure with any of tthe Forks, then you know how to apply the rules. You just have to understand and apply the rules to every Fork and get familiar how and when to use and „trust“ them.
Just for your study Leon: Apply the rules of my ForkTrading BLUEPRINT to horizontal lines and come back to me with your findings and enlightments ;-)
Curious if you do it…
Happy learning Leon,
What is your take-away?
- use your brain
- aks questions
- make your hands dirty and do the work
Looking forward to some feedback and findings of you guys & gals.