Harvest Bountiful Trading Profits Using Andrews Pitchfork - Post, Bryan V

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Résumé :
Regardless of our Trading strategy or the time frame in which we choose to trade, we all have to answer the same question when sitting down to look at price charts: What is going on with this market and how do I trade it profitably? Day trading, Swing trading, Position trading, Trend following- our strategy for interacting with the financial markets doesn't matter. Regardless of what we are trying to accomplish in the markets, we need to first figure out what price is doing. Technical indicators may help with this task, but they always lag the price action, give conflicting trading signals, and can quickly lead to the dreaded paralysis of analysis. What we need is a reliable method for accurately predicting where price will go in the future. There are only two predictive technical analysis methodologies: Andrews Pitchfork strategy and Fibonacci techniques. Some market technicians will argue that Elliott wave principle is also predictive in nature. I would counter that Elliott wave theory is more of an art form than a science. Part I of this book focuses specifically on Andrews Pitchfork. If you are an experienced Forker, this section of the book will serve as a quick review of basic principles and the five Andrews Pitchfork rules. If you are new to Andrews Pitchfork, welcome! Forks are the most powerful tool you can put in your trading toolkit, bar none. Part I will serve as your primer. The second half of the book is about understanding price behavior: what price is doing now and what it is likely to do in the future. Within this context of interpreting price action, two predictive Fibonacci techniques are presented. By integrating the techniques in Part I and Part II a trader can build a framework within which they can apply their entry/ exit strategies and money/ risk management techniques. Old pros and newbies alike will find value in this book. Keep on Forking!

Biographie:
Bryan became interested in trading the financial markets after attending a get-rich-quick seminar about automated trading software. Although he knew almost nothing about trading at the time, he did know how to recognize and walk away from people selling snake-oil. The seminar piqued Bryan's interest, however, and over the next few years he: * absorbed innumerable books about how to trade * attended numerous online and live courses on trading * attempted to swing trade and day trade profitably * developed and tested automated trading strategies * donated money to the markets repeatedly Learning how to use Andrews Pitchfork from Timothy Morge marked the turning point in Bryan's path to consistent profitability as a trader. Over subsequent years Bryan enhanced his trading success by adding Fibonacci tools and elements of Elliott Wave principle to the elegant simplicity of Andrews Pitchfork strategy.