FX:AUDCHF   Australian Dollar/Swiss Franc
52 5 0
tp2 - trendline 7.11.13 - 12.2.14 + R/S line 0.7969
ForceFollower
2 years ago
Hey, itaskar, I can see you've tried your luck with the median lines (ie. pitchforks). Very nice. However, when you draw a fork going in one direction, make sure the fork in the opposite direction has already exhausted itself, or else you will be in trouble fighting the trend.
Here's how I view it, if you don't mind:
snapshot
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itaskar ForceFollower
2 years ago
ok thx, i used it with combination with HASs, as you can see, both targets was reached and my median line holds, and to this time, from daily gap there are only bulls, so bulls continuation sign. it is ok to put pitchforks point 1 under point 3? I dont have experiences with that, learning from net.
snapshot
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ForceFollower itaskar
2 years ago
Yes, it is OK. Your fork is OK too. Now, as long as it holds, I don't even think about taking a long position. :-) Just looking to enter short, preferably at the upper median line parallel - in your case the blue solid line. The stop above the lows you marked at 0.79321.
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itaskar ForceFollower
2 years ago
ok pal, thx for your trading idea
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itaskar ForceFollower
2 years ago
of course your median line holds as well.
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