Median line trading forex
Andrews' Pitchfork: What It Is and How to Use It
Before you read this, i must apologise for my poor English The last year i've been a regular visitor of this website. In fact it has taught me the basics of the forex market.
As many of you, i went from one technical indicator to another losing my demo money along the way. I've read everything there is to read from Tim Morge, Greg Fisher, Watching every available youtube video If you are familiar with the subjects mentioned above you will understand my strategy.
Trade FX, CFDs, Commodities and indices together
It consist of predicting the 3the pivot-point by drawing the next median line before the actual 3th pivot. In the example above, i start putting unit's in when price is near the purple line.
The purple line, in this case drawn perfectly, is of course not perfect. It represents an area of resistance. Prices are, in my opinion, likely to turn in an area around this line.
MedianLine - Classic Trading Techniques Energized - What's New
I'm not trying to say that this is an exact science, but it seems to work for me. It is the only way i gained profits in the last months.
There is a lot more to say about the strategy and it isn't as easy as it looks, but i will be looking into it thoroughly. There is potential in my opinion. I'll upload an detailed statement from the last month as well.
Just as my life, it isn't perfect. There are trades in there that didn't meet my requirements and where more sentimental, but it is what it is. Median line - pitchfork trading Trading Discussion. Hi guys Before you read this, i must apologise for my poor English