My attempt at predicting BUY entry BEFORE I get a signal

Just discovered Andrews/Schiffs pitchfork. Interesting tool. Let's see if it works!

Dagangan aktif:

If we can break that trendline AND get confirmation on lower indicator, all is good! Is anyone else using these pitchfork tools? So far, I like them. Saw a youtube video and the guy said 99% of traders are missing out on an extremely powerful trading tool. So far, I like it. Albeit, a little tricky to learn the setup. What do you guys think?

Dagangan aktif:

Obviously a little early but seems to be holding on after an hour. So far, so good with the pitchforks!

Dagangan aktif:

I think I like my old, simpler method better! MAybe it just takes time to learn how to use the pitchforks. I've never been good at "predicting" entries. I prefer tools that are activated at the BEGINNING of the POSSIBLE move. Based on the indicators I have used for a long time, I would not have entered this trade. Let's see how it plays out. Definitely more stressful than my normal way of entering a trade. TBH!

Dagangan aktif:

The guy in the youtube Andrews pitchfork video said "wicks" are not bad....so I guess we're still good?!

Dagangan aktif:

Seems to be respecting the "pitchforks", but I still would not have entered this trade, TBH!

Dagangan aktif:

So, technically, I would say it worked.

Dagangan aktif:

So, we're back in the longer term channel again.

Dagangan aktif:

Who doesn't feel bad for this guy @Joe007 Ouch! Huge hole he dug himself into. leaderboard.bitfinex..._diff:1w:tGLOBAL:USD

Dagangan aktif:

I think I'll stick my old way of doing things!!