Position closed with 35 pts profit at 1.4250 ( the thin reaction line) where the first failure to reach the CL is encountered. It may try again and succeed but i am out flat and out of the office at 17.44. Have a good weekend!
My advice: Do not trade without a plan and overall set of rules and...........
For those that have never seen multiple PF's and reaction line charts.........Dr Mircea Dologa writes in his advanced book (Vol2)
" 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".
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