Andrews Pitchfork TRADING STRATEGY
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- Опубликовано: 23 сен 2024
- This is a video about the best trading strategy for the andrews pitchfork.
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In this video you will be able to see the insane power of the Andrews pitchfork. Mastering this tool is one of the great challenges and benefits in all technical analysis because you will be able to use Andrews pitchfork trading strategies like the Newtonian trading strategy in the most efficient way possible. The Newtonian strategy can be seen as an Andrews pitchfork course with some extra features like the fundamental principles of physics that allow pitchforks to work in the way they do. Again, getting in the realm of the Andrews pitchfork is like achieving the highest peak of technical analysis.
In this video you will find a portion of technical analysis explained, which is the intersectionality of tools. Whether you swing trade or use technical analysis for day trading, the intersectionality of tools is the icing on the cake. It’s by no means the full picture, but it’s certainly a deal breaker most of the times due to the ease it adds to the final stages of price analysis.
Many amateur traders out there are looking for the secret forex strategy that supposedly only the forex masters possess. That’s the wrong way to look at this. There is no such thing as a secret forex strategy. There are only more sophisticated trading strategies that most of the trade or forex masters use. That’s because they understand that analytical power and tools must be built on solid ground.
A technical analysis tutorial can only be performed by a true trading master or a trading mentor. To achieve such status, a trader must understand all the little details and nuances of the important tools of technical analysis and price action analysis. Beyond all of that, a true trading master must have deep knowledge about domains that are much broader than trading. A good understanding of human behavior, economics, mathematics, statistics, physics and behavioral psychology is paramount for any trading mentor.
The Newtonian trading strategy is the most profitable day trading strategy, or at least one of the most profitable day trading strategies among the fractal flow, the market maker, and the upcoming price action trading strategy.
In the realm of advanced trading strategies, there are a few constant ideas that run across of all of the other peripheral ideas. This notion of building a strategy from the ground up using the first principles of physics and science is what truly allows the creation of an advanced price action course or an advanced technical analysis course, which actually goes much further than mere technical analysis.
A professional trading course, as it was previously alluded, can only be manufactured by a professional forex trader or any other pro trader. The motives for this are simple and yet not self-evident since people underestimate the complexity of trading. The best trading courses englobe a wide variety of subjects that shape and shift the life of a truly committed trader. Successful trading is not only about finding the best forex strategy ever produce, but it is also about absorbing the trading and life lessons of the best forex traders in the world, which have a very specific and laser accurate apprehension of the peculiarities of this enormously complex profession.
Thanks for showing 1H timeframe instead of only D (like in the courses). I guess you have to have a pro account on Tradingview to use the replay feature. Right?
Do you have a rule when to switch from standard to modified pitchfork? As soon as it drifts away?
I don't want to clutter the chart with more than a few pitchforks.
Sometimes I observe that a pitchfork works really well, but then it drifts away or gets totally ignored. I never know what to do then. Draw new forks, wait for extensions (Newtonian extrapolations) to show an effect, modify it.
I can draw and find good pitchforks with confirmations - but sometimes they just no longer work and I don't know what that tells me or how I should proceed from there.
Hello Cortez. First, forget about the timeframe. This thing works exactly in the same way in all of them so, for your own good, let go of this idea that different timeframes work differently. Second, pitchforks like with any other tool work better when intersecting with other tools, and when the context agrees with the linework. Never forget this fact because it's probably the most important thing in an analysis. There is a more scientific explanation for this if you want, but that's the general answer.
@@fractalflowpro I know that timeframe doesn't really matter. It's just nice to actually see you use different time-frames - so that I can verify that the theory is correct.
(Many other traders, who trade a different strategy than yours, talk about different characteristics in symbols and timeframes. Like: the Yen is more likely to test the breakout level, or the Pound retraces less than other currencies, or the Dollar pairs are manipulated more... yadda-yadda-yadda.) Maybe they are correct but I have decided that this doesn't help me and that, if it is so, I will gain that knowledge with years of experience rather than rely on it right now.
That's the hallmark of a strategy that doesn't work... Things like "this technique works just on the 5-minute of the Oil chart". That's because a strategy like that will fail to catch what all markets have in common, which is people and the mathematical framework on which price develops.
Sliding parallels are the best! I always trade them ! Good video.
I've been watching your videos for quite a good time but I never have heard you introduce yourself.
Thank you. Very informative.
Pitchforks and how to use them are worth more to a trader than lagging indicators.
Extremely informative !
Thanks for the clarification on the pendulum pitchfork,saying when it’s downward in a downtrend when it’s supposed to be up-sloping means the trend is stronger?
Yes
nice . wud definitely appreciate a live trade video
There are many live trade videos in the channel. Look it up.
Awesome tutorial......
Thanks
Thank you
You mention paying attention to possible barriers of price and the strength of these barriers. How do you see barriers from higher time frames on a single time frame?
You don't have to
@@fractalflowpro but would barriers from a higher time-frame affect price more in the time frame you're observing?
Yes, but the problem is: Are you going to keep track of all those barriers?
What the word "pendulum" means exactly? I don't see any "pendulum pitchfork" in Tradingview tools. Thanks!
The pendulum fork is the one you place to catch the retracement. It's where you place it, not the fork itself that is different
@@fractalflowpro I see, thank you!