Thread: Fibs and Forks

I have read the thread, but there is no apparent method for drawing the points of your own sanity. Andrews used pivot points, Schiff used a 50 percent rule, and there are other variations which follow a formula in the drawing of the forks. If you're fitting the forks into the price action (instead of the forks forecasting where price action may occur) then they're really just'best fit' Babson stations, not pitchforks.

This is an Andrews Pitchfork (with just two tradeable regions of interest in the circled areas). They work good.

Originally Posted by ;

Here's an interesting link which explains how fibonacci amounts may be utilised in conjunction with traditional pitchfork procedures.

Http://ragingbull.quote.com/bullseye/node/352

I'm fine with how I'm doing it..but feel free to start your own thread and article away..Good luck!

Target met~

Fantastic day/evening. .tomorrow another day~

The amount of traffic has been great and the personal messages more so..Thanks. .Just another way of making pips each day~

Recently, day after trading day earning money, some people suddenly showed up and were pretty negative...I do not care much for this. So I'll go someplace

Anyhow I've shown how it functions for me..and it had been fun to post all the action live. I hope it helped a few of you~

Ok

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