Monday, April 09, 2012 12:45:16 PM
Do not use steep forks
Forks that point straight to the sky can not be used to trade on. Instead use double forks and up and down forks. Remember the
fork should give you decent exit and entry points and encapsulate price.
Rules
1 use RSI
2 Label p5 and p0 (p5 is generally 3 peaks)
2a P0 will count in 3's (abc) or 5's 5 wae
3 Add a double fork and down fork if fork breaks down
often you will go to median line or bottom of 2nd fork
4 Use the bottom or top of the candle for median line or fork top
or bottom.
5 FORKS are only one TA method you must use as many as you have mastered
Forks that point straight to the sky can not be used to trade on. Instead use double forks and up and down forks. Remember the
fork should give you decent exit and entry points and encapsulate price.
Rules
1 use RSI
2 Label p5 and p0 (p5 is generally 3 peaks)
2a P0 will count in 3's (abc) or 5's 5 wae
3 Add a double fork and down fork if fork breaks down
often you will go to median line or bottom of 2nd fork
4 Use the bottom or top of the candle for median line or fork top
or bottom.
5 FORKS are only one TA method you must use as many as you have mastered
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
