Nifty Entry ,Exit ,Target levels with Median Line Charts

[4xpipcounter]

I rode an intraday trade to what I call my WS3 (3rd weekly support) at 1.2724. I was calling for that level to be containment. It looks like I missed by a few pips, but like you, I believe the pair is in for a correction.

Longer term, there is going to be an explosive correction for it that could amount to about 700 pips. That would pave the way for a drop to the 1.1800's. As I drew the pitchforks on my monthly chart, it seems to support that view, as the upper line is about 700 pips away.
When I see my methodology supporting what I see on the pitchforks, it really helps in learning how the PF's work and abets the learning curve of the PF methodology.

@Paul

Out of interest ,I was checking the chart of Eur / usd 5 min chart.Price seems to have tested the bottom making a slightly lower low, climbed up till earlier resistance , dropped fiercely and now climbing up again.Looks like a good point for longs...

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[Kavima]

WEEKLY TRADE PLAN - POSITIONAL TRADE

This is my daily chart analysis and levels for entry and exit.

Adding the 5 min chart for entry level support zone ...

The trade plan sheet with details of levels for entry and exits.

Importantlease note this is to share my outlook /plan and not suggestions to take any trades.

 

[sam_u6]

ur the best person i ever seen using andrews pitchfork method so agreesively and with greater profits..keep going.
an small request. is there any nice books or video can u refer? for studying ur method

 

[darshanshukla]

Thanks Kavima and hats off to your analysis,
The excel screenshot given by you is excellent...
Can you post that excel file for traders who trade pitchfork or any system because this kind of tools are very helpful to keep trade records.
Thanks again to be in flow @ your thrade.
Keep it up,
Darshan

WEEKLY TRADE PLAN - POSITIONAL TRADE

This is my daily chart analysis and levels for entry and exit.

Adding the 5 min chart for entry level support zone ...

The trade plan sheet with details of levels for entry and exits.

Importantlease note this is to share my outlook /plan and not suggestions to take any trades.

 

[achopraa]

WEEKLY TRADE PLAN - POSITIONAL TRADE

This is my daily chart analysis and levels for entry and exit.


Adding the 5 min chart for entry level support zone ...


The trade plan sheet with details of levels for entry and exits.

Importantlease note this is to share my outlook /plan and not suggestions to take any trades.

:thumb: I am following this thread for long (although I could understand not that much as my ED was always poor during my engineering days), and I am amazed to see the accuracy of this.
Just wanted to wish all the best to you and thanks for sharing this with other members.

 

[4xpipcounter]

Sam, IMO, you have the book right here in this thread. It is also an interactive book. Just read and follow, and then ask questions. The masterette of the pitchfork, Kavima, will be here with all her passion and knowledge to lead and guide.
As far as a video is concerned, there is nothing like the live trade setups she gives. She says this is and what is going to happen, then just kick back and watch the action. Wow! There's your live video.
I visited Timothy Morge's site, Kavima's mentor. He is excellent, but to me, there is nothing like live trade setups. That adds all the validity that is necessary to any methodology.
From my personal experience, I do a Weekly Forecast of the 11 major forex markets, and then do the Weekly Review concerning that forecast. Simply put, it validates what I espouse concerning the markets. This is why I like this thread. There is no idle rhetoric. There is nothing but constant validation of the system that is being espoused in this thread.
My goodness, Kavima! You even use a lot more charts than I do. I guess you work harder than I do--lol.

ur the best person i ever seen using andrews pitchfork method so agreesively and with greater profits..keep going.
an small request. is there any nice books or video can u refer? for studying ur method

 

[Kavima]

@ Sam ,
You can check out my other thread for links to learn more on this method

@chopraa ,Darshanshukla

Thks for yr support!!

@4xpipcounter ... you're always very kind

 

[Kavima]

9.01.2012 - Posting the EOD 5 min chart update

Previous chart

What happened today?

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The price fell swiftly towards the LMLH zone, crossed it and reached 4690 area.Drawing a downsloping Pitchfork from the minor swing pivots, noticed the price halted exactly near the ML.As per plan entered long , but at a lower level .
The day's action seems to be a steady rise towards the earlier resistance zone.Only point of concern is the steady intra day rise may indicate caution as it has been moving along the LMLH,and would have been happy if the rise had been more faster with momentum and closed higher today.Instead the price is still stuck in the range and we'll have to wait with caution for the next move.:annoyed:

60 min chart below

 

[sam_u6]

thanks pipcounter i will search the thread for books.
and kavima i watched that thread also..i too know lil abt technicals and elliot .but i seen ur using the pitchfork on a better way..i see ur 7th sense on pitchfork

 

[4xpipcounter]

What I meant by having the book right here in this thread was in reading Kavima's posts, it is like a book, because she is top-notch and professional in her usage and display of the pitchfork.
What I meant by it being interactive is that you can ask questions and make comments, and you'll get feedback.

I don't want this to sound like I am diverting you away from this excellent thread, but let me respectfully say there are quite a few threads in this forum that are devoted to technical methodologies.

thanks pipcounter i will search the thread for books.
and kavima i watched that thread also..i too know lil abt technicals and elliot .but i seen ur using the pitchfork on a better way..i see ur 7th sense on pitchfork