Sorry - also, when I see many of these pitchforks being draw in charts by various traders, sometimes I see them using swing highs or lows that are NOT the nearest swing high or swing low.
Why is that so?
Thanks!
Why is that so?
Thanks!
Better Andrews Pitchfork and MT4 14 replies
Andrews Pitchfork 120 replies
Andrews Pitchfork video 22 replies
median line Bollinger band cross 3 replies
DislikedCan someone quickly explain the Schiff, median line and why it is different than Andrews median line?
Thanks!Ignored
DislikedCan someone quickly explain the Schiff, median line and why it is different than Andrews median line?
Thanks!Ignored
DislikedSorry - also, when I see many of these pitchforks being draw in charts by various traders, sometimes I see them using swing highs or lows that are NOT the nearest swing high or swing low.
Why is that so?
Thanks!Ignored
DislikedHi Alex,
Similar to your EU chart 24 hours ago, I saw the EU H1 Andrews fork climbing the LML and bought it at the green arrow retest for a small gain. The hoped-for Andrews ML target was clearly interrupted by the Mod.Schiff ML which would have been a great place to go Short. I should have, but when I'm in a winning Long position, I tend to hang on to it in hopes that it develops further. It blinded me to the far better short opportunity that developed.
The chart is a good example of price forming a wedge between two major pitchfork lines...Ignored
Dislikednice chart...I can see the fork lines and the idea of a modified schiff that
is anchored back off the screen to the left...but how did you come up with the slope and placement of the action/reaction lines...It looks like you have some nice energy points with those.Ignored