sonny69

Thanks for all the response to this thread, my experiences so far are quite encouraging all though I have found that you do need quite visible points to plot from. Using it yesterday on eur/usd was not that helpful as basically the pair were stuck in a range with little direction,trading off the pivot point and R1 was the simplest approach. I was also using it on Dec light crude yesterday to experiment and it did very accuratly forecast the break and sell off in the afternoon,the price touching the median line and slightly rebounding before carrying on to the lower line. As I am still very much getting to grips with using this I am going to refrain from posting anything technical about pitchforks just explain how I am using it as there are much more experienced people on here to explain its correct use,however I will keep posting updates to show my progress with it. I am currently plotting off hourly charts then 15m and 1m the idea being to help trade an established trend and identify and trade micro trends developing within the larger timeframe,that is the theroy anyway! Trading off the 1m charts is very much a scalping excersise as the trends dont last long and I am running tight stops with these.

Hi this is my first post on this forum so I hope this is the right place,I have searched the forum for Andrews Pitchfork and come up with nothing? Currently I am trading EUR/USD,GBP/USD and EUR/GBP,I am learning to just use price with trend lines and support and resistence levels but have recently discovered Andrews Pitchfork lines and have started using these. Basicaly I was interested to know if anyone else uses these trading forex as most references you find tend to be related to futures or longer term trading. My intial reaction to using them is positive as they do tend to give good short term profit targets and entry points but I am quite sceptical about using them as its easy to go off on a tangent trying something new and to later find out you have wasted allot of time trying to use something no one else uses. Any advice or experiences using them would be really appreciated.