EURGBP and a little "short" storie.

FX_IDC:EURGBP   Euro / British Pound
When trading with Pitchforks , you learn a couple of rules you can lean on. For example: if price breaks outside of a Pitchfork (above or below one of it's lines), it has a high tendency to come back. Sometimes once, twice or even multiple times.

This rule is not by accident.
And this rule is applicable even to horizontal lines. It is just what it is. It happens everywhere, in all timeframes, in all markets.

Make your hands dirty and test it for yourself, even with horizontal lines. Watch out for hard breaks like the one in this chart...INTENTION is "a" key...

So, what's a trader gonna do with this?
Observe, learn, apply.

Comment: On the way, looks good.
Comment: Jail is nearing ;-)
Glad to see you rocking the charts once again, El Jefe!
Quality content as always, beautiful narrative.

I hope the sheriff wears a bulletproof vest in 2019 :)
forker CABRON_NL

LOL §8-)

TNX mate.
Well, 2019 will be interesting.

But the following years even more...2020...we will see some Fireworks...2021...probably a huge "OUCH"!
Sheriff will quit since the vest will become obsolete.

However, prepping for some decent moves which shall put a cherry on my pension ;-)

T'care out there and thanks for your comments.
+1 Reply
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