I am creating this thread to teach and work together as a team to make trades based on the major pairs. We will start with only horizontal lines, then progress to using more advanced line techniques.
This thread is meant to be as simple as possible, and to create the most profit as possible for its readers.
Update:
Most videos by Tim Morge can be found by searching as he has sadly passed away. I also recommend his pdf article 14 Lessons From A Millionaire Trader
PLEASE READ THIS COURSE BEFORE LEARNING TO DRAW FORKS AND ACTION REACTION
http://www.medianline.com/articles/A...n%20Course.pdf
There are many threads here on forexfactory to learn from. I have learned a lot from these threads, in no particular order.
Price is Everything
http://www.forexfactory.com/showthread.php?t=230888
Median Line
www.forexfactory.com/showthread.php?t=76597
No Brainer Trades
http://www.forexfactory.com/showthread.php?t=86429
IF YOU WOULD LIKE TO ENTER OUR FREE CHAT ROOM PLEASE CLICK HERE LIMITED TO 300
http://preview.tinyurl.com/MarketGeometryChat
I would like to dedicate this thread to Timothy Morge Shane Blankenship and Dr. Alan Andrews, Redsword11, KennyZ, Ifmyante, BillyRayVal, and pipeasy.
Special Thanks to the Fibonacci mentors
Larry Pesavento, Carolyn Boroden, Joe DiNapoli, and Mr. Pip from here on forexfactory.
Also to one of my original Mentors by book and voice, the late Napoleon Hill. His work Think and Grow Rich and The Law of Success on personal achievement has created more milionaires than any other book. Thank you for giving back.
Napoleon Hill Resources
The Law of Success
https://archive.org/details/Law_Of_S..._in_16_Lessons
Think and Grow Rich
https://archive.org/details/ThinkAnd...chNapoleonHill
Also good to read
The Science of Getting Rich
https://archive.org/details/TheScienceOfGettingRich_512
The Master Key System
https://archive.org/details/MasterKeySystem.pdf
The Book of Five Rings
https://archive.org/details/Miyamoto...ingsgoRinNoSho
https://en.wikipedia.org/wiki/Emerald_Tablet
The Emerald Tablet Of Hermes
Translation of Issac Newton c. 1680.
IMPORTANT LESSONS
THE STRANGEST SECRET
EARL NIGHTENGALE THINK AND GROW RICH SUMMARY
THE POWER OF YOUR SUBCONCIOUS MIND
LECTURE
This thread has changed a bit since beginning, but here are the original rules. I will put together a list of advanced rules soon.
Trading Rules
Rule 1: Take time to draw and observe.
Rule 2: Use only 150 bars or less on your chart.
Rule 3: Use 3:1 risk reward or greater.
Rule 4: If you don't see a trade, wait, and go on to the next chart.
Rule 5: Trade no more than 5 instruments.
Rule 6: Old lines are old lines. New lines are new lines. Trade in the moment, as price action forms.
Rule 7: Refresh your charts everyday, be in tune with the market
More to come as I can think....
As I had posted almost entirely recently in the Median Line thread, I had also shared some links there that are helpful and free. Here are some free videos by Tim Morge that go into detail about using Median Line and Andrews Pitchfork.
https://www.interactivebrokers.com/e...XQgR2VvbWV0cnk
Start with the oldest first, as they build on each other.
Also
http://www.medianline.com/articles
Important: To understand completely the more advanced subjects in this thread that include Median Line work, YOU MUST read this course that is found here and go through the first video below on Median Lines from Tim Morge. Also, I recommend going through ALL SLIDES and ALL ARTICLES at medianline.com/articles and on the free Interactive Brokers Videos. These are all free materials.
And Action Reaction Course
http://www.medianline.com/articles/A...n%20Course.pdf
This free webinar should help to understand the basics of Median Line work, that I go into later in the thread.
To view other Free webinars from Tim Morge click on Industry Sponsored, and choose Tim Morge as the speaker. Start from oldest first.
https://www.interactivebrokers.com/e...&ns=T#industry
Click on CME - Using Median Lines & Pitchforks for High-Probability Trading
direct link
https://interactivebrokers.webex.com...ecordingURL.do
TREND FOLLOWING PODCAST WORTH LOOKING AT AND LISTENING TO
https://itunes.apple.com/us/podcast/trend-following-manifesto/id151217747
ALSO TIM FERRISS SHOW
https://itunes.apple.com/us/podcast/...863897795?mt=2
Here are some free worksheets
http://www.medianline.com/whats-new/...orksheets.html
more free
http://marketgeometry.com/free-resources
MY TRADING VIEW CHARTS
https://www.tradingview.com/u/eagles...blished-charts
I have added indicators that I use with template. Q spread may need some x, y adjustments to look correct. I usually use basicgreenalert. You can modify Alerter4U2 to be able to play different sound files for each template, which I also use this to email to my phone using smtp under Tools -> Options -> Email
Over the past week, on the Euro, there have been many possible entry points. Do you see them?
This thread is meant to be as simple as possible, and to create the most profit as possible for its readers.
Update:
Most videos by Tim Morge can be found by searching as he has sadly passed away. I also recommend his pdf article 14 Lessons From A Millionaire Trader
PLEASE READ THIS COURSE BEFORE LEARNING TO DRAW FORKS AND ACTION REACTION
http://www.medianline.com/articles/A...n%20Course.pdf
There are many threads here on forexfactory to learn from. I have learned a lot from these threads, in no particular order.
Price is Everything
http://www.forexfactory.com/showthread.php?t=230888
Median Line
www.forexfactory.com/showthread.php?t=76597
No Brainer Trades
http://www.forexfactory.com/showthread.php?t=86429
IF YOU WOULD LIKE TO ENTER OUR FREE CHAT ROOM PLEASE CLICK HERE LIMITED TO 300
http://preview.tinyurl.com/MarketGeometryChat
I would like to dedicate this thread to Timothy Morge Shane Blankenship and Dr. Alan Andrews, Redsword11, KennyZ, Ifmyante, BillyRayVal, and pipeasy.
Special Thanks to the Fibonacci mentors
Larry Pesavento, Carolyn Boroden, Joe DiNapoli, and Mr. Pip from here on forexfactory.
Also to one of my original Mentors by book and voice, the late Napoleon Hill. His work Think and Grow Rich and The Law of Success on personal achievement has created more milionaires than any other book. Thank you for giving back.
Napoleon Hill Resources
The Law of Success
https://archive.org/details/Law_Of_S..._in_16_Lessons
Think and Grow Rich
https://archive.org/details/ThinkAnd...chNapoleonHill
Also good to read
The Science of Getting Rich
https://archive.org/details/TheScienceOfGettingRich_512
The Master Key System
https://archive.org/details/MasterKeySystem.pdf
The Book of Five Rings
https://archive.org/details/Miyamoto...ingsgoRinNoSho
https://en.wikipedia.org/wiki/Emerald_Tablet
The Emerald Tablet Of Hermes
Translation of Issac Newton c. 1680.
- Tis true without error, certain & most true.
- That which is below is like that which is above & that which is above is like that which is below to do the miracles of one only thing
- And as all things have been & arose from one by the mediation of one: so all things have their birth from this one thing by adaptation.
- The Sun is its father, the moon its mother, the wind hath carried it in its belly, the earth is its nurse.
- The father of all perfection in the whole world is here.
- Its force or power is entire if it be converted into earth.
- Separate thou the earth from the fire, the subtle from the gross sweetly with great industry.
- It ascends from the earth to the heaven & again it descends to the earth & receives the force of things superior & inferior.
- By this means you shall have the glory of the whole world
- & thereby all obscurity shall fly from you.
- Its force is above all force. For it vanquishes every subtle thing & penetrates every solid thing.
- So was the world created.
- From this are & do come admirable adaptations whereof the means (or process) is here in this. Hence I am called Hermes Trismegist, having the three parts of the philosophy of the whole world
- That which I have said of the operation of the Sun is accomplished & ended.
THE ENTIRE SPIRIT AND PHILOSOPHY OF THIS THREAD.
Inserted Video
IMPORTANT LESSONS
THE STRANGEST SECRET
Inserted Video
EARL NIGHTENGALE THINK AND GROW RICH SUMMARY
Inserted Video
THE POWER OF YOUR SUBCONCIOUS MIND
LECTURE
Inserted Video
This thread has changed a bit since beginning, but here are the original rules. I will put together a list of advanced rules soon.
Trading Rules
Rule 1: Take time to draw and observe.
Rule 2: Use only 150 bars or less on your chart.
Rule 3: Use 3:1 risk reward or greater.
Rule 4: If you don't see a trade, wait, and go on to the next chart.
Rule 5: Trade no more than 5 instruments.
Rule 6: Old lines are old lines. New lines are new lines. Trade in the moment, as price action forms.
Rule 7: Refresh your charts everyday, be in tune with the market
More to come as I can think....
As I had posted almost entirely recently in the Median Line thread, I had also shared some links there that are helpful and free. Here are some free videos by Tim Morge that go into detail about using Median Line and Andrews Pitchfork.
https://www.interactivebrokers.com/e...XQgR2VvbWV0cnk
Start with the oldest first, as they build on each other.
Also
http://www.medianline.com/articles
Important: To understand completely the more advanced subjects in this thread that include Median Line work, YOU MUST read this course that is found here and go through the first video below on Median Lines from Tim Morge. Also, I recommend going through ALL SLIDES and ALL ARTICLES at medianline.com/articles and on the free Interactive Brokers Videos. These are all free materials.
And Action Reaction Course
http://www.medianline.com/articles/A...n%20Course.pdf
This free webinar should help to understand the basics of Median Line work, that I go into later in the thread.
To view other Free webinars from Tim Morge click on Industry Sponsored, and choose Tim Morge as the speaker. Start from oldest first.
https://www.interactivebrokers.com/e...&ns=T#industry
Click on CME - Using Median Lines & Pitchforks for High-Probability Trading
direct link
https://interactivebrokers.webex.com...ecordingURL.do
TREND FOLLOWING PODCAST WORTH LOOKING AT AND LISTENING TO
https://itunes.apple.com/us/podcast/trend-following-manifesto/id151217747
ALSO TIM FERRISS SHOW
https://itunes.apple.com/us/podcast/...863897795?mt=2
Here are some free worksheets
http://www.medianline.com/whats-new/...orksheets.html
more free
http://marketgeometry.com/free-resources
MY TRADING VIEW CHARTS
https://www.tradingview.com/u/eagles...blished-charts
I have added indicators that I use with template. Q spread may need some x, y adjustments to look correct. I usually use basicgreenalert. You can modify Alerter4U2 to be able to play different sound files for each template, which I also use this to email to my phone using smtp under Tools -> Options -> Email
Over the past week, on the Euro, there have been many possible entry points. Do you see them?
Attached Image
Attached File(s)
The things that we love tell us what we are Thanks Redsword11 and Tim Morge