Which one of these do you like the most to trade?
Oh, you don't know the difference sometimes?
Don't worry, you're not the only one, period.
But let's fix that right now.
Let's start with the Pendulum Swing or...
...nope, let's start with CONTEXT.
Whenever you research something new, you need to have a context.
The context enables you to compare the new information to the surrounding system.
Let's see what I mean:
If I say, I have to put context to the new information, then this means that we just take a snapshot of a chart. We just take a certain timeframe and analyse what we have.
The result will be information in context of the current big picture.
So this is our context.
To identify all the different type of movements, we need a rule.
The rule I really like to teach as much as possible goes like this:
A Low Is Confirmed
When The Last High Is Broken
Let's see what exactly this means:
On the other side, if we look for a down moving market, then we flip the rule:
A High Is Confirmed
When The Last Low Is Broken
So now we have a rule on hand we can work with, instead of guessing what is a Swing, what is a Pivot etcetera.
We are able to identify the
Let's go back to our context, our chart and identify just what we would judge as the biggest swings on the board:
Would you agree that these are the biggest Swings, which we could call "Pendulum-Swings"? If so, then let's proceed to the next level, to the Swings, and use the same rule to identify them:
OK, there we have'm.
We already have the Pendulum-Swings and the Swings.
Let's continue with the Pivots.
Again, I zoom in a little bit more:
Usually the more granular we get, the more complex it will become.
But with our simple rules to identify the real Swing and Pivots, this task becomes very simple as you see.
And here's a fantastic trick you can use, to take out all the noise and to put the whole puzzle into a High-Resolution picture of the Market: Just Turn Off The Bars!
And here you have it, the Market in it's whole beauty of Pendulum-Swings (orange), Swings (yellow) and Pivots (magenta).
Do you have any ideas how you can use this information in your trading?
How about this:
And guess what?
This was only a scratching on the surface.
As a member (either Monthly or Annual), you will get so much more information about how to improve your trading.
If you want to become a profitable trader, then you should add to your current knowledge and maybe even throw some of it out the window...
Contact me with the form below.
I wish you a successful trading and feel free to share this post on FB and other SOM channels, than you!
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,
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.
The "ForPtions Trade" that netted $505 p.c. within two days, reduced risk and optimised the ROI.
On the 9th of July 2018 I posted this trade idea in the members section.
If you had a Yearly Membership, this trade would have payed 84% for it. If you had the Quarterly Membership, this trade would have payed you 2.5 times the price quickly.
OK, but what's special about this trade?
a) we knew in advance that price has a over 80% chance to trade back to the Centerline.
b) we where able to reduce the risk by entering far away from the market by selling Calls, instead going short the underlying (this is also called a synthetic short)
c) we even where able to reduce the time risk of the trade by 97%
The result: We optimised our ROI, reduced risk and had our money back quickly, just to put it in another high probability trade.
Was there anything special about the Chart Analysis?
Well, at least for a ForkTrader it was simple, because it was a trade purely based on our rules.
Here's what we Forkers knew what others don't:
So, this is exactly what I mean if I write and talk about "High Probability Trades".
If your brain now starts to wake up and ask questions, then you should register for the Free Membership and start to learn the Basics about the Pitchforks and the ForkTrading Method. Get the unique and original ForkTrading BLUEPRINT and start to learn how we earn.
And always remember this:
"If you find something new you can learn that enhances your chances to success, then you will loose it if you don't use it..."
May The Fork Be With You...
...of the store problems we had with our providers.
The Coupon-Code FTGANNUAL2018 is valid until Wednesday 27.
Credit-Card & PayPal registration are available and work.
If you want to pay by bank or Bitcoin, just send me your email: forker(at)forktrading.com .
Lock in your Annual Membership here with the 30% discount now >>>
Come with me and let's go through a step by step chart analysis.
This is my personal approach - you may change it for you.
However, take your time, go slow and think during this process.
Make notes to have a takeaway for your invested time.
Have your pencil ready?
OK, let's go ...
Appreciate your comments & likes, thanks! §8-)
I welcome you in my trading room.
Come with me and analyse the chart step by step.
If you think you like this way of analysis, then you can the Free ForkTrading BLUEPRINT course and learn how to use the Forks for your daily trading.
I got a E-Mail from a stranger who "scold" me, why I don't post these trades much earlier.
He was really obset about it (...WTF?...) §8-)
So I wrote him back, very friendly, and explained that if he where taking my FREE ForkTrading BLUEPRINT Crash-Course, he would knew what happened next, after the first test of the Centerline.
However - here's a quick explanation video on GBP.USD for you.
And hey, if you're not a ForkTrading Group Member yet, subscribe right now.
You will get a lot of learning material and it took me a lot of work to create it.
So don't be lazy and join our group and learn to earn.
Here we are - stretched to the downside again.
I took profit on the L-MLH, trade finished.
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