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Market Geometry

  #18 (permalink)

Legendary market donator
Indianoplace, IN
 
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: CQG
Favorite Futures: 6B, 6E, 6J, NQ
 
Rrrracer's Avatar
 
Posts: 1,849 since Feb 2017
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I usually have a set of forks up on my HTF charts and do pay attention when price nears them, and have scored a few nice reversal trades off them. Now whether that's due to some big players actually using them, or some Fib/wave/something else that I don't have plotted, I can't say for sure, but I have seen them work.

I've also seen price blow through them like any other line when the time comes. When I plot them in retrospect, they seem to line up and work a lot. The biggest problem for me is making them actionable when up against the hard right edge. Seems like it would be prudent to pay close attention, give it a chance to work a bit before entering, and keep stops tight until it either proves us right or wrong.

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