New Pitchfork Tool for E Signal EFS Script under development

I am having a E Signal custom PF line tool coded. In effect this tool draws a PF with reaction and warning lines so i can establish a RL grid off any controlling swing/important pivots.
At the moment it is early days and many problems but progress is being made at a steady pace and there are processor issues for the tool to be visbible in any time frame.
This script i am told will work in ES 10.6 and the new 11 version
Anyone who is interested should contact me.

EURUSD

all is revealed when you see the reaction lines(thick red) on the chart on the lower left.
It is highly probable that we are heading back up to have another attempt to pass through the RL at 1.4475 ( see both left hand upper and lower charts)

EURUSD

Using the recent low to insert a fork + RL/WL grid off the most obvious pivots you get a grid that even in such a small TF has great correlation with price action. link

EurUsd cont

for your info look at the previous effect of this trigger line( dotted white):

€$

Re previous post/+Eur -Usd
price hits the trigger line in dotted white and position is closed;

€$

Remeber this line? see last weeks and previous weeks posts. Expect a nice bounce off the long term green CL even if we do see a retest.

Stopped out at b/e on my limit order once filled on a retouch but long again at 1.4183 with a 10pt stp. If it fails to rally expect a series of small waves before a move lower below the line.

£$- cable again

Classic support on CL and Fib level and warning/reaction line (dashed brick red) from the reaction line grid...the fact of a possible high probability long setup is confirmed by the higher 60 min TF chart with a bullish candle formation. The result is ( after a re-pierecing of the CL/.50 FibRT level) is a nice bullish bar up and a test of the UMLP then after a perfect .618 Fib RT (of the second move up ie CL to UMLP) a second attempt to go though the UMLP is underway which i have no doubt will be succesful.

GBPUSD

Due to the dreaded re-format of my PC and XP i have been unable to post but here is a simple study of various time frames using a multiple reaction grid which eminate from important high time frame forks. ( see how the lines shift form time frame to time frame). The two yellow forks seem dominant.

EURSUSD

This looks quite bullish re the candles (highlighted) but i am siting and watching and waiting for signs to reinforce my bearish stance.

EURUSD

See previous link:
regarding long term reaction and Median lines...
as they say in the crown court "i rest my case your honour"
The euro looks exceptionally weak to me and I think we will soon pass lower from the current trading range above 1.4000 to the 1.39's and prices such a todays 1.4180 will be distant memories...so where to get short? A break above 1.4275 would however make me change my mind short term but the feeling in Euro-land ( this blog's author lives in France) is pessimistic amongst the Paris financial community in 'La Defense' (the Wall St of Paris) and the fiscal rot taints many more countries than just the P.I.G.S ( Portugal,Ireland,Greece,Spain). So the future? A two tier euro with Germany and perhaps France at the top? What would you do to sort out this problem in countries such as Greece where taxes are generally (and culturally) not paid? (a friend is a Doctor/hospital surgeon in Athens and tells us that most of his colleagues usually have a friend in the tax office who for an annual 'brown envelope' will reduce the income tax you owe to a nominal sum).

EURUSD

Using the reaction line grid for a short € trade setup which i confirmed in the daily chart

EurUsd...double tops

Above: continuation of Fridays chart
Below:Failure at important RL after Mondays weakening of the Eur vs Usd

update on EurUsd... third time lucky?

Coming back for a third time to the red CL? The point is that once you can prove beyond reasonable doubt the axis around which price is moving ( in this case of EurUsd the green horizontal CL from the monthly fork) then you have a clearer idea of price action and directional movement as it unfolds. In this case continued failure to break higher will reinforce my view that EuroUsd is building a top here ( have a look at the daily chart)- add to this the repeated pattern which i have seen many times before such as in 2009 in UsdChf and also add into this mix the fundamentals that have not gone away but are merely festering.
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".

GBPUSD & EURUSD

Two attempts at reaching the down sloping red CL have failed. My eyes rest on the dotted white trigger line from the grey u-s fork and also the larger picture (see previous posts re price action around the thick green horizontal CL from monthly fork)

























Cable bounces off the green mod Schiff LMLP and through the brick red down-sloping reaction line that has carried price action lower.

EURUSD

240,60 & 30 min EurUsd.
see link ( the big magenta centre line is green above on a different template)
Does anyone remember USD CHF behavior in Oct/Nov 2008? This looks like a top forming to me if you look at the daily.

EURGBP cont