After the rise in the VIX (Volatility Index) we saw a couple markets moving fast.
There was the S&P500 selling hard to the downside, the Russel (RUT) also bounced at it's resistance and several other markets followed.
In this Vide0 I go quickly over the following Markets:
If you have any questions I'm glad to answer.
Just send them in with the Contact form below the video.
If you think like me about the Cryptos, then this is the level to fill the pockets even more. To me this is not just a simple trade, but a campaign to accumulate at valuable levels.
With the market at balance at the Centerline I start my position to go long.
Two opposing forces:
1) the blue Pitchfork , which shows how price swings to the south and where the extremes and balance levels are.
2) the up-sloping A/R Channel, which does the same as the blue Pitchfork , just in another context to the upside.
As for targets, there are
a) the U-MLH of the blue Fork
b) the Centerline of the A/R Channel
c) trailing behind Structure
Here's a trader who is interested in knowing more about the concept of the Pitchfork. He takes the time to study and to watch the charts I've posted.
This is the first step how you learn to earn.
First, look at the chart, then read his question and my answer:
...this is what he saw when he was browsing through my charts on TradingView.com
Then he probably clicked the arrow in the chart, which plays back all the bars until today.
...and now he studies the chart and then he comes up with this question:
Interesting thinking in using the forks to find a nice area of price support/balance.
I literally was jumping off my chair when I read his questions, because I was so happy that there are still trades out there who use their one brain, and not just blindly do what the whole Industry is narrating them.
This guy may be one day a candidate for my professional services, when I need talented chartists and self thinking humans:
Here's my answer to him:
I really hope this inspires many of you too, to study the charts and maybe one day you become a ForkTrading Member too.
Because we trade on pure facts. We don't need to hurry and jump the gun. And we use our simple tools and rules, to suck out profits of the markets, stressless and without pressure.
ForkTrading means personal freedom and inner peace!
And this is what it's all about...
Have a happy new week,
As of today, our members will find even more value for the same price.
I added the following Cryptos to the Weekly Outlook and the Trade Ideas section:
The start of the new analysis will be with the beginning of next week.
This was an official Scalp-Chart analysis I made a couple days ago, so everybody can follow it live and profit from it.
The first Chart gives you the idea how I saw price moving, and where the profit should be taken (80% Chance for profit).
The second chart shows you the actual price of the EUR/CHF pair.
It's just a couple ticks before the projected price target.
This is just one example how my chart analysis method works. No, not every time. But with 80% probability I would say, we are very efficient applying our money to the markets.
If you want to know more about this chart analysis method and how I even use Options-Strategies to put some meat to the bone, then register here for free.
We reached the Profit-Target after the last post.
Now we are on the way to buy more at certain levels, see chart below.
If you are not a Free Member yet, then register here to get more information by E-Mail and SOM-Channels.
We see two opposing forces.
The orange A/R lines and the white Fork.
The orange dashed Centerline will be first resistance.
But the good news is, that if price can manage to jump above the orange Centerline, then the next target is the white Centerline.
And once above the white Centerline, stage #3 is the orange U-MLH (Upper-Medianline-Parallel).
This is a natural way how Bitcoin comes to live again, producing swinging volatility which we can trade with simple rules.
Happy harvesting §8-)
If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free beginners course:
1. Register for the FREE MEMBERSHIP on the homepage
2. Login and start the course
Happy learning & earning.
On 12/07/18 I gave out this Crude Oil short-trade idea in the members area:
In short, the idea was that price is extremely stretched, the Pitchforks gave signals and we went short the market with Options. That trade netted in over $500 per contract for me and the members.
Then the next idea was triggered and posted in the members area:
After just 2 days me and the members who played the idea where able to bank another $300 p.c.
So what's the purpose of this post, other then advertising for ForkTrading.com?
1. You have to take risk in these markets.
2. If you can make educated decisions based on proven facts then you are allowed to take risk, even if it's a Ping-Pong play like trading.
3. Education means knowledge. Knowledge needs to be proven. Prove means freedom for traders because they can lean on their knowledge, stats and prove even in very bad times.
Would like to have freedom in your trading and lean on a proven framework?
Then Click this link to get to the Homepage to register for the quarterly or the annual ForkTrading Membership, or even take the FREE ForkTrading BLUEPRINT course first.