Pbafna, I'd like to jump in and say something that is a trait with all methodologies, and maybe it will help. What I am also really saying is keep in mind what I say, but when it comes to the pitchfork, and how to trade it, listen to Kavima. I can tell he is a tested pro on pitchforks
All methodologies require a confluence of events before a proper entry can be ascertained. Another thing to keep in mind is what is the most dominant aspect of the current affairs.
Notice how that Kavima teaches how to use the pitchfork with Fibs and candlestick patterns. If you hit a key point in his pitchfork and that area matches with a Fib and / or a candlestick pattern, then that is your signal for an entry.
One example of a dominant pattern or dominant fork would be where an apex is formed with 2 forks. That is solid S or R. I asked Kavima that relative to his PF's, because I noticed the have a similar behavior to my TL's.
In closing, there is personal study that is needed to master any methodology, as there is also more than meets the eye.
IMO, the op of this thread is doing an excellent job at enunciating the behavior patterns of his PF's. He's an excellent teacher, and now it is up to the student to do the homework.
All methodologies require a confluence of events before a proper entry can be ascertained. Another thing to keep in mind is what is the most dominant aspect of the current affairs.
Notice how that Kavima teaches how to use the pitchfork with Fibs and candlestick patterns. If you hit a key point in his pitchfork and that area matches with a Fib and / or a candlestick pattern, then that is your signal for an entry.
One example of a dominant pattern or dominant fork would be where an apex is formed with 2 forks. That is solid S or R. I asked Kavima that relative to his PF's, because I noticed the have a similar behavior to my TL's.
In closing, there is personal study that is needed to master any methodology, as there is also more than meets the eye.
IMO, the op of this thread is doing an excellent job at enunciating the behavior patterns of his PF's. He's an excellent teacher, and now it is up to the student to do the homework.
Sorry i'm absolutely new to this, and yet very interested, although what i don't understand is, how do you get reading out of these said illustrations?
Also, does the graph of 7th oct pertain to what can be expected off the trading session on 10th? Or is it a review of the previous trading session itself?
Your knowledge sharing would be appreciated!
Also, does the graph of 7th oct pertain to what can be expected off the trading session on 10th? Or is it a review of the previous trading session itself?
Your knowledge sharing would be appreciated!