I wrote many times about this. And I even posted this Video here on TV:
Everybody expects a turn, a crash, or at least a bigger correction. Guess what...it's not ripe yet.
Now, we never know when the REAL turn will come. IF it comes, then it will be a major turn. Not only in the...
That's a question many traders have.
Unfortunately only the minority can identify the real Swings & Pivots in the markets correct.
Go to the Blog of my website and learn this simple rule and read how you can implement them in your trading.
Maybe your PNL will skyrocket too...
So, after my idea from the morning got toasted, price is sitting now 34 Points higher then yesterdays low.
- Overnight rally
- Horizontal Breakout-Resistance
- Upper-Medianline-Parallel Resistance
Until the last High is taken out, I'm short term bearish and I look again for a short entry.
Price often creates a form of a Sine-Wave.
When the drop is finished, the come back from the hole and just break the center of the Sine-Wave.
After this, when stops are taken out and everybody is long again, the do the rinse on the opposite side.
In this case of the ES I see a potential short, now that they have stopped out the weak hands above the Sine-Wave...
I always like to learn something new.
That does not mean that I have to trade a new style or Indicator immediately.
But it's interesting to see how parts work together, even if hey obviously have nothing to do with each other.
This time I look to combine VolumeProfile with Forks.
Let's find out if a Forker can find additional information to optimise the trades...
With the market at balance at the Centerline I start my position to go long.
Two opposing forces:
1) the blue Pitchfork, which shows how price swings to the south and where the extremes and balance levels are.
2) the up-sloping A/R Channel, which does the same as the blue Pitchfork, just in another context to the upside.
As for targets, there are
a) the U-MLH...
This is an Action/Reaction Model, paired with two Forks. What do they show you?
- Extremes of swings
- Center of swings
If you apply the 7 rules of this analysis framework, you know when it's time to buy or sell. No, it's not 100% exact every time. But how about over 80%?
Gather knowledge and get my signals while you learn to earn. Go to my website and register...
OK, here's the same idea with more information (more bars) then this previous one (see the previous chart below):
Now we even now that "they" have built a so called "feeding zone" (orange), where the whales in the pond eat all they can, just to pull the strings...
I first want to see price staying above the down-sloping Centerline.
Then I wait for the pullback and go with the up-sloping Pitchfork, for the main target at Centerline.
Taking partial profit at the Resistance (Sine-Wave Center) or trail profit-stop up to there is also not a bad plan.
For stops, I would place it below the last P-Low.
I describe what the Forks measure and how the HAGOPIAN rule kicks in.
And of course there's a potential trade happen right now in the hourly timeframe.
If you like what you see I appreciate your thumb up. And if you want to learn more how Pitchforks are a great trading Framework to lean on, then take my free and unique ForkTrading BLUEPRINT course on my Website...
We see two opposing forces.
The orange A/R lines and the white Fork.
The orange dashed Centerline will be first resistance.
But the good news is, that if price can manage to jump above the orange Centerline, then the next target is the white Centerline.
And once above the white Centerline, stage #3 is the orange U-MLH (Upper-Medianline-Parallel).
This is a...
Price reaches the Centerline over 80% of time. With this fact alone one has a great measure tool for profit targets, or a good hint where to hide stops.
The white Pitchfork's Centerline was a great indication that price will move in the opposite direction, after it recaptured it and closed above it again.
Now price is dealing with
a) the grey horizontal balance...
Where will Gold stop to fall and is there a trade?
In my News Blog Video (find the link below this post), I explain exactly where Gold will reach potential support, and if there would be even a trade.
We see two opposing forces:
1. The orange Action/Reaction lines.
It's boundaries are the upper and lower line. The centerline is where price is in balance. It's a level where Bulls & Bears will fight. The outcome decides if price climbs above, or get rejected to the downside.
2. The white Pitchfork. The same principals applies to this tool.
What we can expect...