Traders Laboratory - View Single Post - Andrews Pitchforks
View Single Post
  #12 (permalink)  
Old 02-14-2008, 01:17 PM
waveslider waveslider is offline
waveslider has no status.

Trader Specs
 
Join Date: Apr 2007
Location: Victoria,Canada
Posts: 366
Thanks: 8
Thanked 24 Times in 20 Posts
Re: Andrews Pitchforks

Tasuki,

FWIW, I think this is trying to force square pegs in round holes.

Why? Because the pitchfork isn't appropriate in all market environments, as some one here said - when it works, it works.

In the case you put up, just using a simple parallel channel would have worked just as well. Maybe its good to have that confirmation...

The channels seem to work best when pitchfork isn't.

By the way, nice WW going in ES right now - - a larger one with some room to move?
Attached Images
File Type: jpg MyScreenHunter.jpg (97.7 KB, 41 views)

Reply With Quote