" We would argue passionately that multiple Pitch Fork patterns greatly enhance the potential trading result"........ and also says "The chart might seem unbearably messy but this method is indispensable for understanding the market flow"
I have been fortunate enough to be able to devote much of my working day to advancing my own approach and some years ago i started spending time getting my head round this concept of using sequential forks drawn from the highest time frame downwards and what has evolved since 2008 is a predetermined multiple pitchfork/median line and reaction line 'protocol' or trading set of rules. The reaction lines really hold the secret for me and price action or price behavior often falls into a category of recognizable set patterns. This behavior is somewhat similar to price at a ML but I have found there are two important factors. 1. strength of market direction ie. current trend and 2. angle of the RL/ML and of course the periodicity of the RL ie what time frame does its 'parent' fork belong to? Simply put -all reaction/warning/median lines are not born equal.
As time has progressed i have become much more occupied and busy and from June 2011 will post less frequently weekly or bi- weekly and not daily due to ongoing trading projects and in-depth market reaction line analysis which is done manually and takes much time.
Below is EurGbp from 5 min upwards. Please read this earlier post link
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