stephenm

stephenm

A is a traditional Charlie-Delta fork, drawn off a harmonic scan. B is another traditional Charlie-Delta fork, drawn off a harmonic scan. C is where price starts to drop due to NFP. This is an energy point between the 4.0 warning line from fork A and the 0.5 fibonel from fork B. With the 2% into a 10 pip stop loss we are able to achieve using this new trading...

stephenm

Chart showing how GBPJPY price move from last week, which was caused by the news, was captured perfectly by not one, but two existing forks. Both of which price had left at previous points, but come back into. One of those forks is three weeks old. When price reacted to the news, it bounced perfectly off B, which is the lower parallel of the second fork, AND the...

stephenm

The second pitchfork was originally a traditional fork, with a touch back to the swing low at A. Price initially didn't do a whole lot with this fork before leaving it. However, in the last 12 hours it has come back and bounced within a few pips of the traditional median. A quick adjustment to the fork and I now have a best fit with a couple of nice touches to the...