Continuation ... TRADE TYPE 2: 1./ Bullish fork 2./ The price action takes place in the upper half of the fork Real trade example is here.

Simple trading: levels and price action (mainly on DAX)

Hi Traders, As I promised here comes my zippy course of this method, a little summary of this simple and PROFITABLE strategy. The strongly recommended tool (I'm using) is the DonForex LaserForks. This is a high quality, automated pitchfork indicator ...

Simple trading: levels and price action (mainly on DAX)

Continuation to the previous post ... If you would find these points by yourself, you don't need LaserForks. Otherwise: I think you should think about getting this professional tool.

Simple trading: levels and price action (mainly on DAX)

Do you remember the NZDUSD M30 trade at post #561? As expected, closed in +55 pips, see the picture below. It is as simple as that. Do you know any better? (As I promised, fast course coming soon.)

Simple trading: levels and price action (mainly on DAX)

Are you unprofitable? Forget moving averages. Forget crossing systems. Forget MACD, RSI and all of these useless bullshits. Forget the charts that look like a christmas tree. You need the one that does work! In the next posts I will show you a ...

Simple trading: levels and price action (mainly on DAX)

If you want to be profitable, follow this thread. I will soon upload some easily understandable descriptions/pictures from this simple method. Stay tuned.

Simple trading: levels and price action (mainly on DAX)

The point: In an upward fork: if the price is coming from above, then I expect a reversal at the lower (or middle) median line > BUY In a downward fork: if the price is coming from below, then I expect a reversal at the upper (or middle) median line ...

Simple trading: levels and price action (mainly on DAX)

Keep things simple! So, basically the above-mentioned method is the suggested. But, I want to show you an example to an other method I used to apply. It is practically the same, but it plays in the other half-fork (ie. BUY trade in the upper half), ...

Simple trading: levels and price action (mainly on DAX)

This trade was so typical to the method that I made a bigger resolution of it. Upward fork > lower ML entry > small SL below the lower ML and 4-5x bigger TP near to middle ML. Vice versa for a SELL trade (downward fork > upper ML entry > small SL ...

Simple trading: levels and price action (mainly on DAX)

See post #557 and then see this picture below. Closed in +80 pips. This is the power of LaserForks. Small initial SL, big initial TP. And, they are getting better (even smaller SL and even bigger TP by trailing) as time goes by. Turn your RED pips ...

Simple trading: levels and price action (mainly on DAX)

DAX H1, pretty nice, isn't it?

Simple trading: levels and price action (mainly on DAX)

See the picture below, this is my extremely simple trading method using LaserForks. (After making the picture, I modified the SL into BE.)

Simple trading: levels and price action (mainly on DAX)

Automated pitchfork: one of the most profitable trading methods.

Simple trading: levels and price action (mainly on DAX)

On H1 time frame there are 7 nice forks currently.

Simple trading: levels and price action (mainly on DAX)

Today is a very smooth day, so far more than 120 pips, solid equity curve.

Simple trading: levels and price action (mainly on DAX)

H1 time frame: EURCAD, EURGBP, NZDCAD, NZDUSD, USDCAD, USDJPY Really great forks, got them? (Also, there are other nice forks on other time frames.)

Simple trading: levels and price action (mainly on DAX)

OK guys, let me ask a question: On the H1 time frame: AUDUSD, EURGBP, EURUSD, GBPUSD, NZDCAD, NZDUSD, USDJPY What are the common in these H1 charts? (For the answer select this green rectangle with your mouse! ) All of them have a great, ...

Simple trading: levels and price action (mainly on DAX)

Notice: this is not a lagging indicator. At least 99% of indicators are lagging. It means: 99% of indicators just show the past. A good fork can show the future. This is the point.

Simple trading: levels and price action (mainly on DAX)

Why do I tell you that LaserForks is (one of) the best indicator? Because this is a real and reliable compass. Using this indi you will see that price doesn't go pell-mell, but always goes from somewhere to somewhere. Price always moves between ...

Simple trading: levels and price action (mainly on DAX)

Currently I'm working with 5 excellent forks.

Simple trading: levels and price action (mainly on DAX)