As long as the slope is active and the structure develops in a certain way we have no reason stop trading when price reaches a parallel of a valid pitchfork drawn in our charts..! I just booked a winning trade in GBPUSD (buy) and I am selling this time with sl and tp as shown in the chart.
Hey mate, I'm a growing pitchfork trader myself. Please check this idea, I believe we are building a symmetrical triangle
and the break out shall give us several hundred pips. The trade in the idea is to profit from the range. I also did a 4h idea on GBPUSD
which failed but it does show two pitchforks where price meets up at the intersection of both paralel lines. There are not many pitchfork traders
on this platform, or in general I believe so its nice I found you ! :)
Gus_Olin
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I did this trade too, but it stop us hahah
But was a good analyzes!!
Fxprotrader
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@Gus_Olin, Sorry for that.. Losing is part of this business.. We move on and great trades are coming.. :)
and the break out shall give us several hundred pips. The trade in the idea is to profit from the range. I also did a 4h idea on GBPUSD
which failed but it does show two pitchforks where price meets up at the intersection of both paralel lines. There are not many pitchfork traders
on this platform, or in general I believe so its nice I found you ! :)