falling knife,
have no fear, I was just moving around again.
Just arrived at the (expensive) new hotel, with internet that actually works. I was about to initiate a short on the DAX last night after it peaked post NFP, when the internet connection just failed! Glad I had not just entered the position.
anyway, I can only tell you what makes sense to me. Basically if a fork or an ancillary line tells part of the story I want to have told, I leave it on the chart. If it does not add anything to the story, I take it off. If some annotation tends to confuse the issue more than clarify it, I tend to try to put it on a separate chart and change time frames or zoom the second chart, or something like that.
I also study the charts from Booma and Ten quite closely because I like the minimalist style they both seem to have a good handle on.
I am also none too shy about drawing in other features such as wedges, and particularly trading ranges when working with shorter time frames. As soon as the trading range is breached, I draw a fork from the high and low points and trade it. That tip, believe it or not, is a jem.
One more thing, with forks I go to considerable effort to try to make sense of things using the extremes of price. As I understand it, that is what Andrews did, and it seems to work for me.
and if a Schiff or "modified schiff" shows a retest pattern, dont be afraid to use it. I dont do it enough with the HC posts because I am only trying to show simple patterns, and even then a quite a lot of people apparently think my explanations can be quite complex, which is fair enough because they mostly have not looked at the number of charts I have
This might be of use to you.
Andrews original course notes
T91
- Forums
- Charts
- **weekend charting 4/5 september**
**weekend charting 4/5 september**, page-21
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