20150908 14:29 Short USOIL with pitchfork

FX:USOIL   Crude Oil (WTI)
56 2 4
if it is draw correctly and if it is right 80% of the time there is a short entry here
forker PRO
a year ago
What i really like on your chart is, it is not cluttered!

Here are my suggestions:
a) draw the A-Point from the very top - this is the real Swing High.

b) "if it is draw correctly and if it is right 80% of the time there is a short entry here"
....price don't care about our rules and stats ;-) can have 20 setups don't work, and 80 work..all in a row. Instead...

d) ...don't take the Fork stats as your confirmation to enter a trade!
You need to have your own (proven) setups. And by proven i mean at LEAST 100 occurences you have tracked in your own stats.

...and absolutely, very most important:
Learn to identify the REAL pivot/swings. 99% out of 100 Traders are not able to do this!...and what a pitty, it is the most important for TA, since you could make a simple working Bread & Butter System out of it (note: not SETUP...System = rules, filter, etc.).

Cheers :)
andberg PRO forker
a year ago
Thank you Forker, I'm glad about your comments
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