Dallas_Gregor

Dallas_Gregor

... if you don't understand the technicals to do the analysis

Dallas_Gregor

Was it Trump's tariff announcement, or technicals on the charts? I KNOW what I think

Dallas_Gregor

And there are those who still contend you cannot trade Crypto because it's a fundamental market ...

Dallas_Gregor

See this all the time, people think the markets are fundamentally driven

Dallas_Gregor

Wanna bet?

Dallas_Gregor

Patience and selectivity are the key in Charlie Delta trading

Dallas_Gregor

Can't say more than what is already on the chart ...

Dallas_Gregor

Too many traders see harmonic scans as black or white, trade or no trade, winning trade or losing trade. Exact same with forks. Sometimes, they work off each other. If I catch a scan in a fork, great. But THE BEST forks are often drawn AFTER the scan ... as the scan's swings are very significant, and using them to align a fork will almost always give-up pips after...

Dallas_Gregor

Many traders think pitchforks are used to only identify the trading opportunities inside the fork. While they do that, they also serve as future trade set-ups. Forks are created out of Fibonacci relationships (SH-SL / SL-SH) and thus are Fibonacci-energized. As you can see, S&R that the fork points out, remains AFTER the fork is breached. :)

Dallas_Gregor

A best-fit pitchfork could have it's median tagged in a Harmonic Scan's Potential Reversal Zone.

Dallas_Gregor

Not a trade I took, but some friends (naked traders) did some mark-ups on this pair. The thing I love about forks is even when you miss the trade, they present some of the best money-management there is, as well as frequently present secondary trade opportunities.

Dallas_Gregor

The power of Fibonacci n"ver stops. A harmonic scan often generates strong pitchforks due to the level of "Fibonacci-ness" in the primary swing. The advantage of the fork being that it goes beyond what a trend line can do, in that it projects predictive bounces where trend lines cannot yet be drawn. In this instance (and yes, they don't always work ... but then,...

Dallas_Gregor

Drop starts and stops in Best-Fit fork. Additional floor support by Camarilla L3 and 261.8% Fork-Fibo

Dallas_Gregor

Some simple technicals ... a traditional pitchfork, trend lines, and a 13.6% Fibo on larger SH to SL.

Dallas_Gregor

There's nothing like multiple confirmations on a move

Dallas_Gregor

Best Fit Pitchfork will be good for money management and additional trades ... established based on X-A move of Harmonic Scan

Dallas_Gregor

The drop on the GBP JPY was not random, despite being influenced by UK elections. The drop was precisely dropped by a long-term set of channel trend lines and the very sweet and consistent 68.5% retracement