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.
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SNAP at support and extended - LONGAt the WL1, price is clearly extended and I look for a Trade up to the L-MLH at least.
(if you don't know what L-MLH means, it's the Lower-Medianline-Parallel - checkout my free course).
Another fact that I want to bring to your attention is, that price reacts very nice at the lines of the Fork - even with all the GAPS in between...
I wish you all a happy and profitable new week.
P!
NQ - Nasdaq On Action/ReactionYes, I currently have positions on in this market and yes, they perform very well.
If you are interested in learning how to analyze markets instead of predicting markets (...which is NOT possible), then you are welcome to get my free ForkTrading BLUEPRINT Video Course.
Read the footer of this post!
P!
BTCUSD - Bitcoin outside the ForkPrice managed to break the U-MLH.
Now, I expect a classic test/retest and then a bounce to the upside.
There are no indication so far, that price will continue to new highs.
So all I could imagine is, a bounce back, maybe to the resistance of the blue Ray.
P!
If you like my analysis, find more about it in the footer.
Action & Reaction At WorkThis is how Action/Reaction roughly works:
1) take the center of a major swing
2) mesure back and
3) project it forward.
Observe how price is acting/reaction at the R-Lines.
This is the same principle like: "If you push to a wall, the wall is pushing back."
On my new Blog-Post for registered FreeFTG members, I'm going into details about this technique that stem from Newtons 3rd law of motion, and adapted to the charts by Dr. W. Babson, who made a fortune and started the Babson Collage.
It pays out to know more then just common trading knowledge...
P!
ETHUSD - Back to L-MLH?How about a little prove about my last postings from Bitcoin, on this crypto?
See my last post's and then check out this chart again.
and
I should go to lunch, but hey, here's money to be made and you guys & gals are subscribing like crazy to my website, so...
...THANK YOU VERY MUCH!
When you subscribe, I have to hook you up manually, so be a little bit patient.
P!
BTCUSD - Bitcoin money for Christmas..2018 maybe?...then you should probably learn to trade the ForkTrading Method ;-)
Seriously - watch the chart and see for yourself how price reacts at the lines of the fork.
As you can see, the Centerline acts as a Sine-Wave center.
The upper and lower lines show you where potential turns could happen.
Missing one of these lines tells you the HAGOPIAN rule = Price will go back in the opposite direction, more then from where it came from.
There exists a complete ruleset to find high probability trades, long or short.
For a 2017 Christmas gift in a Bitcoin trade it's probably too late. But for 2018 - you have plenty of time to learn the ForkTrading Method.
Use my ForkTrading BLUEPRINT to start - it's still free and we are already a happy and engaged crowd of new "Forkers" from all over the world.
Stay tuned for 2018 - Forkers will rule the trading world §8-)
Hope to talk soon to you...
P!
BTC - Watch how it reacts at the Warning-LinesI never have seen such a bubble, going nearly straight up to the 8th Warning-Line!
But on the way, price reacts at these support/resistance levels (Warning-Lines), drawn in advance by the rules of Action/Reaction (see the white circles).
I mean, if this is not taking your attention, and make you thinking about testing the ForkTrading technique...
Action/Reaction is a universal law, discovered by Newton.
And it influences us in every aspect of our live - if we like it or not.
...and as you can see, even Bitcoin can't hide from it ;-)
I remember when my mentor told me, that I could use the Forks even on a chart of temperature, or anything that fluctuate.
I was ultra sceptical, because I trapped into many BS., bevor discovering the Forks and Action/Reaction.
So the logical thing was, to make my hands dirty and dig deep into this adventure. I worked countless hours, tested what I found many times and finally I was able to filter out what worked for me.
(Yes, not every aspect of the original Fork Trading Course from Andrews worked...there are many traps one can fall in because of the old language he used and sometimes weird explanation.)
So I spent a good part of my live, discovering the Forks and A/R.
I was a member of a group of professional "Forkers", where one of these mentors even was a student of the Inventor, Dr. A. Andrews! I worked very hard and learned there for many years and spent over 10K in this project.
The outcome is, what I trade off these days.
It's the result of years of continued work - The ForkTrading Method.
This combination of a high chance of over 80% when using Forks, and the use of a particular instrument for the trade, for example Options Strategies, ensures me that I will have a fantastic edge when initiating a trade.
This method enables me to find high probability trades.
Yes I know, it's not a magic money printing machine. We only can manage our trades, but not influence the markets direction, what ever and how ever you will trade.
And exactly at this point lies the advantage of the combination of Forks and trading vehicles like Option Strategies or even combination of Futures AND Options AND stocks...
What do you think you will get, if you combine high probability methods/systems...? Definitely at least something interesting ;-)
OK, but how does this help you?
I created the "ForkTrading BLUEPRINT". It's kind of a ultra fast Crash-Course in ForkTrading. Everybody who's going through this ForkTrading BLUEPRINT is able to prove the same what I did. So you don't have to believe me and you can prove it for yourself...hey, I laid the solid ground for you with this still Free ForkTrading BLUEPRINT.
In short:
- find real high probability trades.
- use the edge of the embedded chance of over 80% by nature (A/R) and combine them with other high probability strategies.
- look behind the curtain by enhance your knowledge
- it's still free
... hell - what else are you looking for? ;-)
P!