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Pitchforks

GBP/JPY - Hagopian signal triggered for a rally above 153.41GBP/JPY just triggered a Hagopian signal, which calls for a rally to above 153.41. I'm sure you are thinking, what is a "Hagopian" signal? A Hagopian signal is triggered, when price doesn't trade to the pitchfork mid-line as it should do 80% of the time according to Dr. Andrew's. This failure is a warning that the decline (in this case) is weak and a opposite price reaction is developing and it will take price above the latest top, which in this case is seen at 153.41. The trigger for the Hagopian signal, in this case, is when the pitchfork resistance-line is broken, with confirmation, when the resistance at 151.76 is taken out too. How to trade this Hagopian signal? Buying GBP ag. JPY with the break above 151.76 and placing stop just below support at 151.16 say at 151.05 should be a low risk potentially high reward trade. The first target to look for is the 153.41 high and above here, will call for a rally to 155.40 as the next minor upside target. If you want to know more about the Hagopian signal, you can read about it here: technical.traders.com
Education
by EWS
GBPJPY Harmonic Scan and Pitchfork Tap Into ReversalThe power of Fibonacci n"ver stops. A harmonic scan often generates strong pitchforks due to the level of "Fibonacci-ness" in the primary swing. The advantage of the fork being that it goes beyond what a trend line can do, in that it projects predictive bounces where trend lines cannot yet be drawn. In this instance (and yes, they don't always work ... but then, I only trade them when they do, LOL), the Scan's reversal at D is met by the pitchfork's median. Forks are also great for secondary entries into the channel move, as well as money management.
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by Dallas_Gregor
Bitcoin , Andrews Pitchfork & Dragon Analytics It Never ceases to amaze me how accurate the Andrews Pitchfork is, of the Famous Genius Alan Andrews et al. Take a moment to research this Princeton professor who made all the Kennedy money in the 30's. There is limited information on youtube, etc but I highly recommend MarketGeometry.com run by Mr. Timothy Morge a trading legend and mentor. He has published a wealth of information and should be part of your trading arsenal. Combined with the Dragon Analytics trading methodology, The beast can be tamed. Beginning in January 2015, when the upward Pitchfork was initiated to the 1st pierce at 1200 in February 2017. The chart speak for itself as the upper line of resistance was pierced this week at 1900. Check out the older MarketIntelligence charts to see the profits we made via disciplined risk management on the way up and down. Find out more at Marketintell.net...Good Trading!
BITSTAMP:BTCUSDEducation
by MarketIntelligence
1
USDNOK - Search, ask and you will find...I had not clue about this chart. So, I was laying back, squeezed my eyes and let it shine on me (...nope, not smoked anything hehe...). Then it comes together, peace by peace. Here's how I approach any new analysis. - Swings & Pivots - Identify the trend and the flow - some support & resistance - action/reaction & forks - patterns...as far as I can see them (...because I'm a really bad pattern trader) - fractals - anything else (...letting creativity flow) During this process, I delete the whole paintings a couple times. So this is like Zen to me and hell, I really love what I do §8-) Let's see if YOU can make something out of this. Please do me this little favor and let me know if you go long or short. P!
Education
by Tr8dingN3rd
6
The Grand PitchforkA weekly chart and pitchfork using Black Monday as a starting point and the Dot-com Bubble/Bust as the top and bottom. You'll notice a lot of support levels created with this long term time frame (notes on chart). My favorite is the median line rejection just before the 2008 financial crisis. I've also found an indicator that has worked twice in the last two crash that can help signal the next big bear market. Using the difference between the 1 week and 200 weekly moving average, a trend line is formed while climbing into the bull market. If that trend line breaks down, the bear market has begun. As you can see, we have not broken our trend line yet, but this indicator should leave plenty of time to withdraw.
SP:SPXEducation
by Audacity618
2