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Thread: Action Reaction

  1. #41
    Senior Member
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    Nov 2011
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    Hi Kidrock, it's just my opinion and how I use it, you may find applications that better suit you. Like everything it's not perfect, but I feel it helps my trading.

    Here is an interesting observation on the Euro 15m, price reacts to all strings it encounters bar one.


  2. #42
    Senior Member
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    Will use the line price respected as the moving stop for this trade.



    +13
    Last edited by jtrader; 11-30-2011 at 04:32 AM.

  3. #43
    Senior Member
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    hi jos, you know you ve posted so many examples, i just cant ignore this application , and it has fib levels so it's useful, i'm still trying to spot the best median line and the reaction point, but in the meanwhile i'm also practicing fibo clusters from the video the ziemo posted some days ago , i'm pretty busy ahahah, lucky me that i work from home

  4. #44
    Senior Member
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    No worries mate :-) Video post on the ES just for fun.


    http://content.screencast.com/users/...11-30_2327.swf
    Last edited by jtrader; 11-30-2011 at 12:52 PM.

  5. #45
    Senior Member
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    ahahah thanks jos , nice one , today i've earned some good pips on the eurusd

  6. #46
    Senior Member
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    Here is a nice Euro hit if your willing to ride the news.


  7. #47
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    i took that one man , i'v entered at 13530 at first, than the news of nfp formed a nasty spike and hit my b.e, the i' ve entered again at the first 38.2 retracement at 13498 and followed all the way down , closed at 13390 :P

    P.s i've also used the fibo channel and it was like your pic

  8. #48
    Senior Member
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    Nice one kidrock, well played, I had the same entry but decided to exit before the news. I had to sleep It would of been a great way to end the week
    Last edited by jtrader; 12-04-2011 at 09:49 AM.

  9. #49
    vintageus
    Guest
    A Note about Pitchforks. With the exception of the Cycle Tool if your platform has one,

    The Pitchfork in my opinion is the only useful indicator on a standard trading platform,

    once you know how to use it and there are many uses.

    Happy Trading

    Vinnie
    Last edited by vintageus; 12-05-2011 at 01:03 AM.

  10. #50
    vintageus
    Guest
    Notice the Head and Shoulders Top where the Red Box is on the chart above.

    That is considered a True Head and Shoulders Top

    because the right shoulder swing low is above the left shoulder swing low.

    If the right shoulder swing low was below the left shoulder swing low

    it would be a false HST and eventually climb higher.

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