Trading the Andrews Pitchfork with Max - page 7

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Weekly Pivot tested and held!!!  You could have traded that.


234

 

Monthly puiVOT


Monthly Pivot 1.1201.  I'm struggling to perform analysis and build EAs...somethings gotta give!

 
Currently perfecting the art.  Posts will recommence after I am back to comfortably making between 2.5% to 5% daily.
 

Andrews Pitchfork - expert for MetaTrader 4 

"Andrews Pitchfork" EA draws Andrews Pitchfork  on chart and trades with its trend,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.

Andrews Pitchfork - expert for MetaTrader 4

 
Sergey Golubev #:

Andrews Pitchfork - expert for MetaTrader 4 

Thank you!!!

 

Today's trading scenarios:


  • GBPJPY -
    1. a long at or above 159.80, targeting 161.85 looks good.    
    2.  a short at or below 158.46, targeting 155.85 looks good.


  • Nasdaq - a long at or above 10960, targeting 11198 looks good.


  • XAUUSD
    1. Short limit between 1841 to 1843 looks very attractive with a target of 1815
    2. Longs at or above 1847.50, targeting 1862.5, look mouth-watering.


  • Dow - Looks 'falling off a cliff edge' bearish - over a series of days probably starting this session. Short-limit at 33040 to 33100:
    1. targeting 32698
    2. pull back then 32559
    3. pull back then 32221
    4. pull back with the potential to extend to 32000


 

Update:

1. GBPJPY



2. NASDAQ


3. XAUUSD


4. DOW


Net gain:


 

The Nasdaq couldn't develop above  10960

  • "Nasdaq - a long at or above 10960, targeting 11198 looks good."

so I entered short and waiting for an opportunity to move the SL to BE.   




SL at BE+costs.


10960 has been breached:


 

GBPJPY TRADING SCENARIO FOR WEEK BEGINNING THE 8TH JANUARY 2023.

A. If the price breaks above 160.18 then extends to 160.68 before retracing back to 160.00.  

  • enter long at 160.20
  • SL @ 158.40
  • PT1 @  162.50
  • PT2 @  163.53
  • PT3 @  166.25
  • PT4 @  169.17


B. If the price doesn't break above 160.18 wait for the retrace to 158.95.  If a rejection wick forms at that location: 

  • place a buy stop 10 pips above the H1 high.
  • SL @ 158.40
  • PT1 @  162.50
  • PT2 @  163.53
  • PT3 @  166.25
  • PT4 @  169.17

C. If the price forms no rejection wick at 158.95 then proceeds to zoom through 158.74 to 158.33 followed by a D1 close below 158.74: 

  • place a sell limit at 158.85
  • SL @ 160
  • PT @  155.40
 

XAUUSD SCENARIO FOR THE WEEK:

A. Wait for the price to touch 1880 then retrace to 1860:

  • enter long stop 10 pips above H1 high;
  • SL @ 1823
  • TPI @ 1920
  • TP2 @ 2005
  • TP3 @ 2078



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