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
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.
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On 16.07.18 I posted this trade Idea in our members section:
Today 19.07.2018 we where able to close the trade for a nice profit.
This was a typical high probability trade with chances for profit of over 80%.
If you had the same position on like me, then you banked around $300 per contract on this trade.
And just 1 contract payed for the quarterly membership and plus...
...on to the next.
If you like to get trade ideas by email, just click this link to get to the Homepage to register for the quarterly or the annual ForkTrading Membership.
Gold was hit very hard the last days and is now approaching some support levels in the short term view.
In the video I explain, where the support levels are and if there is even a trade to the short side, even after this drop.
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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...
The modified Shiff-Fork describes price very nice.
We see how price find's it's way back to balance, below from the L-MLH.
From the balance, the Centerline, price got rejected declined in a natural fashion into the prior Buy-Zone again, where we see confluence with the L-MLH, the lower extreme.
The last Mile looks like price got pressured down. And as the ForkTrading members know, pressure lines often get broken to the opposite side.
A rise up to the Centerline, or even up to the U-MLH seems likely to me.
Let's find out if it holds true.
...don't forget to subscribe to the Free ForkTrading BLUEPRINT on my website.
OK, I have to admit, it's what I call a "Greedy Pig" Trade.
I woke up this morning and saw the following:
- Fractal detected
- Down Trend
- Flow Is Down
- L-MLH BRK 0.13%
- Test L-MLH
- Entry On BRK 0.13%
- PTG: Partial@CL
- Rest: L-MLH / Trail
- Initial bad RR
- Greedy Pig <--- Me
I know what I'm doing - although I don't recommend it for you, especially if you are a Beginner-Forker.
So, let's see how this plays out.
Happy Hump Day
WOW - That was quick.
Got slaughtered before PM §8-)
Well, as I said, I knew the risk and I was impatient.
Again - don't do this in your one trading....
Look how nice price found support at the U-MLH.
With a stop below the last low, I take this Puppy long.
My target is the WL/CL confluence.
Update 18. Mai 2018 - Trade Closed
If you where reading my follow-up at TradingView.com, then you saw that we changed the standard Fork to the Modified-Shiff Fork, because of the steepness and the close outside the Fork.
Here you see how the market went up to the WL1 / CL respectively.
Done & Next...at least for me ;-)
If you want to go further, then trail it up to the U-MLH, but make sure to get out there. It's the zone where the Market is way over stretched.