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Bitcoin - BTCUSD Back in the zone and ready to rise.The modified Shiff-Fork describes price very nice. We see how price find's it's way back to balance, below from the L-MLH. From the balance, the Centerline, price got rejected declined in a natural fashion into the prior Buy-Zone again, where we see confluence with the L-MLH, the lower extreme. The last Mile looks like price got pressured down. And as the ForkTrading members know, pressure lines often get broken to the opposite side. A rise up to the Centerline, or even up to the U-MLH seems likely to me. Let's find out if it holds true. P! ...don't forget to subscribe to the Free ForkTrading BLUEPRINT on my website.
BITSTAMP:BTCUSDLong
by Tr8dingN3rd
2
NQ - Nasdaq is trying but...The white Fork describes the context and where price potentially can pullback to. As we see, price reached the Centerline two times. Now, the third time it failed! The yellow steep Fork describes the current flow, which looks like it is to the upside. BUT: watch, price is outside the L-MLH. Even worse, price tested the L-MLH a couple times now, but could not push through into the Fork again. The Orange Modified-Shiff Fork describes the Pendulum-Swing. The U-MLH got breached, but price fell back into the Fork again. Usually if price falls into a Fork again, there is a very high chance that price will reach the Centerline! The red Mini-Trendline got broke too...price is loosing it's traction to the upside. All this talks for a comming Pendulum-Swing to the downside. The only part that makes me go ummmhhh.... is the coil (white sidways action). Of course, the trading above it could just be a fake and all the Bulls get washed when the party is over and the coil gets killed on the potential down thrust. However, it looks to me that this party finds it's end soon... Just for chuckles, let's see what kind of a RIsk/Reward we had, if we where to enter short right now and we base our target ner the Centerline: 1:4 seems not too bad for my gusto. Maybe I join the chute and have fun... P! BTW: ...my new Bread & Butter Strategy course is coming soon. So take the time and get the ForkTrading BLUEPRINT for free, so you can follow-up on the new course - Dont Miss This One! §8-)
CME_MINI:NQM2018Short
by Tr8dingN3rd
GC - No Chance For Gold Anymore.Sounds dramatic? ...I think it is. Every commodity has it's price. But only the one that Humans are giving it. Why has Gold failed so many times to make new highs? Why did the Bank of Canada sold (most or now all?) its Gold in 2016? Yes, I know, we don't trade on fundamentals, but pure price and Action/Reaction. However, sometimes fundamental facts have their merit. Away from the fundamentals and on to the real "meat": The white up sloping Fork projects the most probable path of price. Even the Centerline was hit a couple times, without any clear indication to close or even stay above the balance. Instead price dropped, gone sideways and then it happened...the L-MLH (Lower-Medianline-Parallel) was broken. A simple break by itself is no intention to proceed the journey to the South. But when the L-MLH was tested a couple times, then the time is ripe to bring the wounded booty down to the ground. Like a predator is hunting as economically as possible, saving energy and looking for signs for high probability success, we as Forkers are sitting patient...until the time has come, which is now. Real Forkers are now short this market and stalk the booty until it's out of energy and ready for the final hit... Let's have a feast at the Centerline... §8-) P!
COMEX:GC1!
by Tr8dingN3rd
How Action/Reaction worksMany weeks ago, I freshly published this chart. I wanted to make a longterm project out of it. The idea behind this chart is, to show you LIVE how pure Action/Reaction works - and that it's not a mystery, fake or something "balloonie". Here you have 5! reactions in a relative short period of time. Let's go through them right now: 1 Overshoot and fall back to... 2 ...last magenta A/R line, which provided support. 3 Price drops from prior support down to the next line, but creating, what we at ForkTrading call a confirmed "Hagopian" (you learn about this in my free ForkTrading BLUEPRINT). 4 From 3 price moves up and reacts even three times at the magenta A/R line, bouncing it's head on it, before moving up to the magenta A/R line, just to find resistance and... 5. drops back to the magenta A/R line again where it finds support. What do you say now? On my website you find a free subscription to start learning the Basics of ForkTrading, which stems directly from Action/Reaction, but offers much more room for trading then just plain Action/Reaction. I appreciate you thumb up and would love to have you on board in our ForkTrading Group soon. P!
CME_MINI:ES1!Education
by Tr8dingN3rd
ES E-Mini "Forked" In ContextIn earlier centuries, the crowd would had thrown me on a stake if I where to out myself as a "Fork" Evangelist §8-) The Chart: You can see clearly, that price respects the lines of the Fork. For those of you who already attended my free ForkTrading BLUEPRINT, you guys & gals know what I'm talking about. I expect a retest of the L-MLH, if not a crack. The red line, is where I sold Put Options many days ago. I sold them there for a huge credit, because I knew where to expect a pause of price (at the WL1), if a sharp down move steer in my face, which it did. However, this is exactly the reason why I am able to trade with 100% confidence and why I am able to put these high probability trades on, even it looks scary. The Andrews Pitchfork, the Model of Action/Reaction and solid risk management give me the freedom in Trading that I always needed many years ago. We will find out how the story will go on... P!
CME_MINI:ES1!Long
by Tr8dingN3rd
2
RUT - Superb Example With Pitchforks & RusselHagopian = Price missed to reach the "next line". We can expect a pullback farther then from where price came. (check!) Pirce is at the upper WL1 (Warning-Line 1), the upper Extreme = Price is extended, stretched. We can expect at least a pullback, or even a move to another extreme, the Lower-Medianline-Parallel (L-MLH). (check!) In over 80% back to CL (Centerline): Price moves back to balance, to the Centerline in over 80% of all occurrences. (check!) If price breaks the CL (Centerline), or any other Line of the Pitchfork, then we can expect a Test/Retest. ( check!) What's next? We have the first Test of the Centerline. As far as I see, there is no major Swing broken, just pierced! (...remember my Swing/Pivot rules? Watch the stair stepping blue lines below the pivots). This means, that there ist no confirmation of a turn in trend, even if it seems that the markets are extremely extended up in these price levels here. Because we can't predict the future, but act on facts, this is what I do: 1. don't let me fool to believe that the trend has turned to the south already. There is no confirmation so fahr, period! (It doesn't mean that it could be the case in the coming days and weeks either, but not now.) 2. If the market lose steam and pulls back a little, I expect a Re-Test of the Centerline. 3. If price moves above the Centerline, then this could be a tell that the Bulls are in control. I would expect another Test of the U-MLH! So, I sit on my hands and wait until the market is telling me more information. This is a sneak-peak into the rules and the world of the Pitchforks, and how great they work in step with the ruleset. If you like to trade with hard written real working rules, then you should check out my ForkTrading BLUEPRINT Mini Crash Course which is free for everybody who wants to learn more in trading and chart analysis. Check the footer of this post here on TradingView.com P!
TVC:RUT
by Tr8dingN3rd