Modified Schiff Pitchfork

tradedevil tradedevil PRO ETHUSDT, 120, Long ,
ETHUSDT: 2-eewww...
237 1 9
ETHUSDT, 120 Long
2-eewww...

Well, that's no longer a wave-2. Two stops in a row hit for me on what looked like such a promising trade. Hey, reminder to self and all... there's no easy money in trading. Take the hit, live to trade another day and look for the next trade. We can read this... Yea, I'm sorry the channel didn't hold. It was gorgeous. But we've got a nice big fat A-B-C that ...

dinnersticks dinnersticks EURUSD, W, Short ,
EURUSD: EURUSD Weekly
63 0 5
EURUSD, W Short
EURUSD Weekly

Hello there, On the chart we have three pitchfork's, the pink one is a standard fork and has its upper parallel being tested, the blue fork is a modified Schiff which found resistance on its upper sliding parallel. Then there is the dashed gray pitchfork of which the medianline is being tested, all at a single point of confluence where a bat pattern formed its ...

Fxprotrader Fxprotrader EURNZD, 240, Short ,
EURNZD: EURNZD: Breakout of Channel Signals Shorts
199 0 17
EURNZD, 240 Short
EURNZD: Breakout of Channel Signals Shorts

Price broke below the lower parallel of the upsloping modified Schiff pitchfork indicating a change of behavior. Our view now is bearish and what we should watch for is a structure that will gives us extra evidence that sellers took control. A bearish flag is a great indication on that..! So wait for a correction and sell EURNZD

eaglestar eaglestar ES1!, 60,
ES1!: SandP 500 E-Mini Futures 60 CME Updated 4/18/2017
10 0 4
ES1!, 60
SandP 500 E-Mini Futures 60 CME Updated 4/18/2017

Price has come up to the 2344 level exactly as discussed yesterday and is starting to drop again. On the higher 4h timeframe price is hitting the downward fork, but I have kept on the modified schiff here as it is showing better frequency. Look to see if price can break lower, but it looks like there may have been large buyers near 2317-2322.

eaglestar eaglestar ES1!, 240,
ES1!: SandP 500 E-Mini Futures 240 CME Updated 4/13/2017
29 0 6
ES1!, 240
SandP 500 E-Mini Futures 240 CME Updated 4/13/2017

Price has come to drop below the blue up sloping fork that called the retest top near 2372. Look to see what price does at the Energy point, as I think it may be a big move. Right now the middle median line is at 2308, so see if we can accelerate and get a move lower. Price is respecting the original fork, but the lows are following the modified schiff on the ...

eaglestar eaglestar ES1!, 60,
ES1!: SandP 500 E-Mini Futures 60 CME Updated 4/12/2017
19 0 5
ES1!, 60
SandP 500 E-Mini Futures 60 CME Updated 4/12/2017

Price has come down from 2354 area. I have removed the upward pitchfork for now, as price is clearly drifting down. I also changed the down pitchfork to a modified schiff, as the bounces on the lower sliding parallel have more frequency.

Fxprotrader Fxprotrader EURUSD, 240, Long ,
EURUSD: EURUSD Buy setup at lower parallel of median line
779 7 37
EURUSD, 240 Long
EURUSD Buy setup at lower parallel of median line

Price has reached the lower parallel of an upsloping modified Schiff. The slope is valid and going long with sl and tp as shown in the chart is a nice idea..!

Fxprotrader Fxprotrader GBPUSD, 60, Long ,
GBPUSD: GBPUSD Buy setup at support zone
864 1 36
GBPUSD, 60 Long
GBPUSD Buy setup at support zone

Both the sliding parallel of the bigger downsloping pitchfork and the median line of the smaller modified one are creating a very nice support zone where price seems not to be able to break below. Going long from the current level with a tp the upper parallel of the modified schiff is a nice idea.

glennmercer glennmercer PRO ZXY, 240, Short ,
ZXY: Kiwi Respecting Modified Schiff in Exanding Wedge $NZD $ZXY
44 0 14
ZXY, 240 Short
Kiwi Respecting Modified Schiff in Exanding Wedge $NZD $ZXY

Bias is toward the downside as we see the kiwi respecting a modified schiff through a potential final leg of an expanding triangle. If top resistance is broken, this bias will be re-evaluated. For now, target is near bottom trendline and bottom median line parallel.

Fxprotrader Fxprotrader AUDUSD, 240, Long ,
AUDUSD: AUDUSD: Very Nice Level to Go Long
423 0 17
AUDUSD, 240 Long
AUDUSD: Very Nice Level to Go Long

The sliding parallel of a long term upsloping median line in addition with the lower parallel of the modified schiff meet in one level creating a key support zone. If price retraces to that level, i am going long with sl and tp as shown at the chart

Fxprotrader Fxprotrader AUDUSD, 15, Short ,
AUDUSD: AUDUSD: Sell Opportunity at Upper Parallel of Median Line
390 0 19
AUDUSD, 15 Short
AUDUSD: Sell Opportunity at Upper Parallel of Median Line

Clearly in a downtrend price is moving into a valid slope which is represented by the downsloping modified schiff. A rejection at the upper paralell signals that price finds good resistance and most likey is going to continue dropping. In case it retests the upper parallel i am going short with sl and tp as shown at the chart.

Fxprotrader Fxprotrader EURNZD, 60, Long ,
EURNZD: EURNZD Pending Buy Setup at Support Level
393 5 28
EURNZD, 60 Long
EURNZD Pending Buy Setup at Support Level

In case price retraces to the lower parallel of this modified Schiff, I am going long with tp and sl as shown in the chart. The lower parallel of this pitchfork has acted as support previously, and its slope is pretty valid

Fxprotrader Fxprotrader EURCAD, 60, Long ,
EURCAD: EURCAD: Buy Opportunity at Lower Parallel
504 5 33
EURCAD, 60 Long
EURCAD: Buy Opportunity at Lower Parallel

The lower parallel of a modified Schiff acts as strong support and we already see multiple rejections at the current level. Going long with tp the median line of the pitchfork is a nice idea.

1877 1877 PRO BA, D,
BA: BA: Overextended with Momentum
50 0 4
BA, D
BA: Overextended with Momentum

After almost a year of accumulation below the 160ish high, the accumulation was ended with a Terminal shakeout on massive volume. That probably washed out most of the longs. We tested for a while b/w 120-130, hit the market on 6/24 to get out any last longs. Then the bull rally started. I drew the modified schiff off the terminal shakeout because that's most ...

MattSzwyd MattSzwyd NZDCAD, 240, Long ,
NZDCAD: NZDCAD: Intersecting signals point up.
66 0 4
NZDCAD, 240 Long
NZDCAD: Intersecting signals point up.

Price action on NZDCAD appears to be following a trend supported by multiple trend-channel based support levels that arise when a modified Schiff pitchfork is drawn from 2015 true lows (Sept. 10, 2015) to the 2015 year-end high (Dec. 28, 2015) divided across fresh 2016 lows (Apr. 27, 2016). While the median parallels provide considerable support / resistance, ...

jacobts jacobts STEEMBTC, 240, Long ,
STEEMBTC: STEEM . Baby Bull
178 1 7
STEEMBTC, 240 Long
STEEM . Baby Bull

Almost one year old, STEEM may have seen it's all time low from which it has bounced a few times now. A modified Schiff Pitchfork shows us a slow BULLISH channel moving forward. Fibonacci levels ahead also show some attractive historical price action. Technically speaking, tentatively BULLISH. Fundamentally speaking, the blockchain is new and there continues ...

eaglestar eaglestar ES1!, 60,
ES1!: SandP 500 E-Mini Futures 60 CME Updated 3/8/2017
19 0 4
ES1!, 60
SandP 500 E-Mini Futures 60 CME Updated 3/8/2017

Price has come up frome the 2357 area which was minor support. Look to see if we can climb above 2370 to see possible up trend opportunities. Also see if the new up blue fork shows frequency or if it turns into a modified schiff.

OlePegLeg OlePegLeg BTCUSD, 60,
BTCUSD: BTC potential range ahead of SEC decision
142 0 3
BTCUSD, 60
BTC potential range ahead of SEC decision

BTC potential range ahead of SEC decision 3/11/17 Modified Schiff Pitchfork and some simple trendline analysis. Assumes conservative, consolidated market. However, the bottom could fall out. Look at what happened at 2/28 at 11am with the shorting panic. There's a lot of room for movement. I'm a noob, so take this with some salt :)

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