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DISCLAIMER
It should be understood that Currency trading involves high risk. There is always a relationship between high reward and high risk. Any type of market or trade speculation that can yield an unusually high return on investment is subject to unusually high risk. Only surplus funds should be placed at risk and anyone who does not have such funds should not participate in trading foreign currencies. Currency trading is not suitable for everyone. Any solutions, opinions, news, research, analyses, prices or other information contained on this website, by ForexPitchfork.com, its employees, partners or contributors, is provided as general market commentary and tools, and does not constitute investment advice. ForexPitchfork.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Information on ForexPitchfork.com is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information at ForexPitchfork.com should be to round-our your trading knowledge and education and not considered investment advice or trade recommendations. You alone accept the risk for any investment or trading you participate in, and therefore may wish to consult a financial professional.
The picture in the left side of the header image is a classic. From Wikipedia…
American Gothic is a painting by Grant Wood from 1930. Its inspiration came from a cottage designed in the Gothic Revival style with a distinctive upper window and a decision to paint the house along with “the kind of people I fancied should live in that house”. The painting shows a farmer standing beside a woman whose identity remains ambiguous; she may either be his spinster daughter, as explained by the artist’s sister, or the farmer’s wife. The figures were modeled by the artist’s dentist and sister. The woman is dressed in a colonial print apron mimicking 19th century American and the couple are in the traditional roles of men and women, the man’s pitchfork symbolizing hard labor, and the flowers over the woman’s right shoulder suggesting domesticity.
And thus, we have dual symbology here: The pitchfork itself, with it’s three prongs, defines the upper and lower parallels to the central median of a median set … also named, “Pitchfork” (and “Andrews Pitchfork”) by Alan Andrews (sort of the father of trading using pitchforks) and the fact, as per the Wiki explanation, that the pitchfork sybmolized hard work. In the end, trading takes just mere seconds … the money, however, is made in the trade set up. When you learn to trade with pitchforks, you learn to have traps just waiting for price to arrive, and thus helps to minimize trader stress and emotion during trading time. And if you simply follow the simple rules for pitchforks, you will have the best trend lines a chartist could ever produce, with much more information contained within them then do traditional, vanilla trend lines.
For those traders who have an elementary understanding of pitchforks, you may recognize the picthfork in the header graphic as a “traditional” pitchfork. These are the easiest pitchforks to draw, as they rely 100% on existing swing points … in this case, a Swing High (1) to a Swing Low (2), with the median taken back to the previous Swing Low (3). From THAT point on, the pitchfork sets the tone for the price channel. Catch my Pitchfork Mastery training and you’ll be banking pips you’ve been leaving on the table … and do so with a low-risk, high-yield approach.
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