Trading the Andrews Pitchfork with Max - page 7

[Max Brown]

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

[Max Brown]

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

[Max Brown]

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

[Sergey Golubev]

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.

[Max Brown]

Sergey Golubev #:

Andrews Pitchfork - expert for MetaTrader 4 

Thank you!!!

[Max Brown]

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

[Max Brown]

Update:

1. GBPJPY

2. NASDAQ

3. XAUUSD

4. DOW

Net gain:

[Max Brown]

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:

[Max Brown]

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

[Max Brown]

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