SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (6745)3/19/2005 7:18:31 PM
From: Vendit™  Respond to of 8752
 
Terry, I see the forks as I see the L/R chart channels. Forks start from a reference point that is a greater distance away from the current trading range and they zero in on an upper and a lower trading channel.

The mathematics used to calculate the fork is by finding three points on the chars that correlate. A simple attempt from left to right as you eye scan a chart in any time frame would be to fine the following:

A high left

A low middle

A high right

The above equation will draw the fork which zeros in on the current trading range (two channels).

themarketwind.com

The above methodology will shift according to the direction of trend. For example you may change the snap points to:

A low left

A high middle

A low right

If this sounds confusing don't try to mix it with your already successful strategy.

Reid



To: Walkingshadow who wrote (6745)3/20/2005 7:05:38 AM
From: Gersh Avery  Read Replies (1) | Respond to of 8752
 
The center tine will function as support, if reached.

Since up trending forks have such a hard time gettin "traction" here, I suspect that the center tine will be reached and possibly breached.

O.51 per week .. thanks for that number.

I consider this fork to be strong because the center tine was tested even before the upper tine was in place.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News