Recent content by FX4Newbies

Hi Traders, Here is an important chart of Xau-Usd (Gold) on the monthly timeframe: Why do I say it is important? Look at the previous touches on the fork, and price is approaching that upper line. Will post an update when price gets there. Stay tuned...

A GENREAL ANALYSIS POST HERE: With U.S. C.P.I. news coming out in under an hour, Eur-Usd has been parked close to the middle of that controlling swing. Be patient, as the price is trying to "decide" which way next. Lots of room for the market to song-and-dance while it takes out stops coming...

Continuing to follow this pair... Did not draw in other lines. Just giving the general idea. Price at a serious cliff-hanger with FOMC news later today.

Excellent!!! Yes, weekly forks are great as well as those lower timeframes to flesh out the picture.

Hmm...a mixed day in the markets. Any big movers on the DOW?

Certainly! Gaps are a big deal, especially trading indices.

Hi again 2be, Very nice videos and I certainly agree with your concepts...using the longer timeframes etcetera and confirming the entry using an approach to determine a change in momentum. In addition to the forks you mentioned, I include a few other approaches in my analysis as there are times...

Just posting a chart update on price action here...

Thanks for the detail. Will go through with a fine-tooth comb before I reply. ;)

Hi 2be, The yacht is an idea I had not considered. It certainly would provide the needed privacy and the opportunity to trade in a relaxed environment if you're into ocean living. Whatever the choice, keep it simple. Totally agree!!!

Hi 2be, Glad to see you are using Pivots in your analysis. Very valuable info provided with that tool. A question...the arrow markers on your chart, are those trade markers or were they provided by the software or tools you are using? ProRealTime is a very popular trading software...works well...

These days, it's more where not to go than where to go....with all that's going on in the world. No particular place...but four basic requirements for starters: 1. Safe 2. Excellent and reliable internet 3. Beautiful beaches 4. Great people and good food.

And trade while you travel....even cooler to me, especially with longer-term stays. LOL... 😀

Here is an update. For Fork traders, we know 80% of the time where the price is likely to go...and the market is still on target to get there. Let's see how the market navigates forward. What I like about Pitchforks is that you can use it with any credible method and the results are simply...

Hi 2be, Glad to hear your thoughts.... The Andrews' Pitchfork is an amazing analysis tool...great for trends, countertrends and reversals...even ranging moves. I generally apply the Schiff when the regular fork does not "fit" price well due to a sharp/vertical move in price. The idea of SD is...