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I to am in the group. Shane has put me to sleep on every video. But after watching them again I have learned allot. His techniques on developing a swing and his entries he takes when all the buyers step in with price gaps took a bit to understand. But once I did, I realized you don't have to be in a hurry for anything. I'm actually looking forward to applying that method to my trading.
Hi thanks for replying to my question. So how long of you been a member? I have many many questions but I'll start by telling you a little bit about myself. I haven't started trading yet I'm still paper trading until I'm comfortable in my ability. At this point I have a lot of faith in median lines but I don't know how to figure out where to put stops and I don't have a lot of confidence in my ability to pick pivot yet. Also I need to find the right market to trade I'm not sure what would be a good market for a beginner to start in.
Hey @cliffp, good to see you here on your journey.
I would say if you are just starting out, avoid spending any big money on anything. No disrespect to those guys, in fact I've been going through their free info and it has been quite enlightening. But it sounds like you need to spend some time getting the basics figured out instead of throwing a lot of money at something that may or may not help you. Frankly I am right there with you.
The best investment I've made so far, without question, is an Elite membership here at FIO. There's a wealth of information, so much it can be overwhelming. Not a ton specifically on market geometry and median lines/pitchforks, but in terms of the basics of what you need to know regardless of what style you end up adopting/making your own, you will not find better bang for your buck. And it's only $100.
I saw a few comments that Tim only shows the cherry picked winners in his online seminars. What I can say personally is the techniques he is showing are sound. They do work if you do the homework, practice drawing, what for price respecting the lines, have patience and find a smaller time frame entry near those levels.
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.
I do not believe that Tim cherry picks, and I have seen median lines work over. In paper trading they work great for me, I will soon be trading live and will see how they work.