DislikedConfirmation will be too slow, even if you are using price action. Oh did I tell you I trade the ticks yet can see the hour's and daily's in one chart?Ignored
Audentes Fortuna Juvat
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DislikedConfirmation will be too slow, even if you are using price action. Oh did I tell you I trade the ticks yet can see the hour's and daily's in one chart?Ignored
DislikedCan you imagine a 4 Dimensional cube's structure in your head? This is very tough for a lot of people to imagine
http://www.youtube.com/watch?v=cbprfcSVcyQ
Now you still have to step it up into 6 dimensional cube.
http://www.youtube.com/watch?v=Bn7HDBj9ZQQ
It's out of the scope of this topic and thread.
If you can understand this last vids, then you can imagine how the the graph is like in 6D.
http://www.youtube.com/watch?v=Jkxie...eature=related
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http://www.youtube.com/watch?v=ySBaY...1&feature=fvwp
Ignored
DislikedThe pitchfork diagram I mentioned "Force" I was referring to Newton's law: momentum, force, inertia etc... Yes, it is the momentum of the market.
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In quantum physics there is a "force" that governs and animates every vibrations in this universe.... a force (energy) that governs and animates every atom. And this force which also animates and governs price movements. (this section has nothing to do with pitchforks)Ignored
DislikedWith the help of MAs as dynamic MTF trendlines, determine how hard and what direction the wind is blowing. Trade with the trend, only entering after PA confirms sufficient market momentum to break through the S/R level that the initial pullback bounced off. Avoid exhaustion phase of the current mkt condition as higher proby of false signals.Ignored
DislikedThe more I study the pitchfork, the more I come to the conclusion that this tool measures the future waves of the market according to tops/bottoms of a previous wave.
If you can find reliable top/bottom/top or bottom/top/bottom in the chart and draw a pitchfork accordingly, most of the future movement of the price will be inside the drawn pitchfork.Ignored
Dislikedwell, yeah, of course. that's like saying water is wet and fire is hot
draw any lines you like that enclose some future space and you will find that price magically stays within this zone... until it doesn't. just like ANY shape trading. trendlines magically work, until they don't. pitchforks work, until they don't. s/r works, until they don't. fibs work, until they don't. and that's not even mentioning all the times that something touches, or doesn't touch, or blasts through and comes back and crosses frantically before finally...Ignored
Dislikedwdraw any lines you like that enclose some future space and you will find that price magically stays within this zone... until it doesn't. just like ANY shape trading. trendlines magically work, until they don't. pitchforks work, until they don't. s/r works, until they don't. fibs work, until they don't. and that's not even mentioning all the times that something touches, or doesn't touch, or blasts through and comes back and crosses frantically before finally respecting some imaginary line.
zoom out on your chart, get the horizontal line...Ignored
You mean this?
Dislikedmy wristwatch falls into the same category, it works until it doesn't, battery or needed repair.... it keeps time until it doesn't..... insert anything you'd like here.Ignored
QuoteDislikedHowever Andrew's Median Lines, aka Pitchforks fall into a unique category of market framing tools, as they are one of the few actually "leading" indicators.
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QuoteDislikedForks are based on Newton's laws of Action/Reaction, several posters have hit upon wave theory which is inner-related. Like a rubber band, stretch it far enough it pops back, Waves retrace. Pitchforks are channel related and draw their math from the past 3 alternating historical reversal points, plotting a 3 dimensional time/price midpoint vector for mean revision.
QuoteDislikedThey work if one is willing to do their homework and actually learn to use the tool. Same can be said for just about everything I guess
DislikedThere's a few credentialed folks who would disagree with your assessment of this one, but why do you waist the time to counter-post across these boards if you feel it's all junk?Ignored
Dislikedbecause it's terribly boring when everyone just agrees and decides that the seemingly easy route is the right route.Ignored
DislikedThe seemingly easy route is a facade, if it were easy then everyone would be making money. Exception being is the Euro thread, it's been weeks since I've seen anyone take a loss there
There's no easy route, it takes time in the markets to learn and get toughened enough to survive, as they will teach you their own lessons. Most don't have the mental or monetary resources to hang in there.
regards.Ignored
DislikedThere is no indicator or tool that can be applied to the markets that will forecast with certainty 100% of the time, of course like anything in existence it works till it doesn't.... my wristwatch falls into the same category, it works until it doesn't, battery or needed repair.... it keeps time until it doesn't..... insert anything you'd like here.
However Andrew's Median Lines, aka Pitchforks fall into a unique category of market framing tools, as they are one of the few actually "leading" indicators. Pitchforks, (if you'll do your homework)...Ignored