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The Trading Edge of Dr. Andrews' Pitchfork

By Dr. Mircea Dologa

In a previous article (see "Integrating Andrews' Pitchfork with Other Tools for Successful Trading"), I provided something of an introduction to Andrews' Pitchfork and described a little of the value it can bring to your trading. Now let's see it in operation.

Spotting the Trade Opportunity

The process of low-risk, high-probability trade spotting is very systematized for the experienced trader. He or she visually scans the various choices of the operational time frame charts: 60-, 30- and 15-minute and, less frequently, the 5-minute chart.

A Key Factor for Trade Success: Look to the Left

By Sam Seiden, an experienced equities and futures trader, as well as a trading educator*
Posted: July 18, 2008

 

Many email messages I receive deal with entries, so I thought it would be a good idea to revisit this topic. "Profit Margin" is the term we use when referring to the objectively derived potential profit of a trade. We calculate the profit margin by measuring the distance between the supply (resistance) level and the demand (support) level.

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