I am beginning to incorporate Andrew’s Pitchfork / Median Line trading into binary options trading and so far it’s been going well. However, there are one or two questions I have around how long to use a given Pitchfork for.
My understanding is that once price breaches either the top or bottom Hagopian Line then that’s a great opportunity to go long or short a currency pair. However, when do you draw a new Pitchfork? How long after price breaks the current Pitchfork’s channel do you wait to draw a new one?