Attachments: (binned per thread starter's request) May The Fork Be With You!

(binned per thread starter's request) May The Fork Be With You!

#1
First Post: Edited May 12, 2018 2:42pm Nov 26, 2017 10:39pm | Edited May 12, 2018 2:42pm

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

5/11/18. If you want to participate in this thread please subscribe and PM me concerning your interest.
This is the first in a series of PDFs about getting started with median lines

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GETTING STARTED WITH MEDIAN LINES I.pdf 699 KB | 511 downloads | Uploaded May 12, 2018 2:42pm

I’m a big fan of Star Wars. “The Last Jedi” will be premiering 12/15/2017 hence the thread name. LOL.

I will use a combo of charts and some videos when I'm in the mood.

Basic concepts:
1. Swings can often be defined by their relative size. Structuring a market according to relatively sized swings is fundamental to understanding how the market moves.
2. Price naturally moves in impulses then retraces. The retracement is used to measure the swings. The impulse can also be used but comes more in handy for targets.
3. Swings are defined by their retracement size as follows:
........a. A swing high is confirmed by a new swing low. The move to a new swing low is the impulse.
........b. A swing low is confirmed by a new swing high. The move to a new swing high is the impulse.

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#3
Nov 27, 2017 8:29am Nov 27, 2017 8:29am

jmn5611
Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts

Quoting Winston Reed

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Note to admin: This thread is a discussion primarily about trading using Andrew’s Pitchforks. I’m a big fan of Star Wars. “The Last Jedi” will be premiering 12/15/2017 so I couldn’t help creating this thread!!! Although I will be posting charts I will also be using VIDEOS frequently with audio to explain how I use forks to trade. I will be using the term “forks” which will be synonymous with Andrew’s Pitchforks and Median Lines. I invite discussion however I will be guiding the discussion. Please post your charts and your trades as you feel comfortable...

Ignored

Waiting for the videos Winston. Congrats. You have been consistent.

If you are good at something, never do it for free--Joker

#4
Nov 27, 2017 11:44am Nov 27, 2017 11:44am

pipqueen18
Joined Nov 2016 | Status: Trader | 317 Posts

hi winston, i'm looking forward to your thread. i'm still a rookie, esp. using forks..... i hope you dont mind this post but it seems like a classic entry! i just took this trade on eurusd since price has dropped below the median fork, bounced back up to it and headed down. this is on the 1H tf

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Mother of Pips

#5
Nov 27, 2017 3:50pm Nov 27, 2017 3:50pm

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

Sorry for the delay. I’m unable to upload videos. I’m using an IPad Pro using the screen recording feature new to IOS11. Anyone have a solution?

#6
Nov 27, 2017 5:59pm Nov 27, 2017 5:59pm

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

So here’s my first video. It’s a little over 15 minutes long. This is more of a test for me but there’s some good info here. I’ll get better. Please be patient with me.

https://youtu.be/RCmWek79pD8

#7
Nov 27, 2017 6:22pm Nov 27, 2017 6:22pm

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

Quoting VEEFX

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I really hope this thread reveals a comprehensive strategy with precise rules or drawing forks along with entry/entry/RM/MM rules (or Market Geometry) and not just a bunch of charts with lines/forks drawn everywhere like Brother Eagle's thread :-)

Ignored

I’m not sure I can meet your expectations VEEFX. Using forks to trade involves much more than using 3 parallel lines as a channel to trade and yet there are many ways to use the fork in one’s trading aresenal. A “comprehensive strategy” suggests a system where one waits for A to happen followed by B then you do C and this is not what I do. I would have to describe my style as discretionary but there are certainly rules one can use to be consistent.

Brother Eagle has his own style and it works for him. He has provided many links to learn and those links are valuable. Eaglestar is why I use forks to trade today. But our methods do differ. I believe Eaglestar follows Tim Morge primarily. I follow Shane Blankenship. If I can get used to making these videos I will do my best to use them to help others.

#8
Nov 27, 2017 9:46pm Nov 27, 2017 9:46pm

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

This is a follow-up to the previous video.

https://youtu.be/PZFFwLlahCw

#9
Nov 28, 2017 8:23am Nov 28, 2017 8:23am

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

https://youtu.be/_egVBRQsm54

#10
Nov 28, 2017 8:42am Nov 28, 2017 8:42am

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

I hope the videos I’ve post so far are helpful. So far they’ve concentrated on identifying swings and then using the swings to draw your fork. I’ve also explained some price action such as WRB gap bars. How price reacts to gaps can often lead to possible trades. In addition I reviewed a couple of Andrew’s rules. 1. Price has a high probability of reaching the median line. 2. If price does not reach the median line it will often reverse and go futher in the opposite direction.

Here are some steps you can begin to follow:
1. Use a frame size that allows you to see price action.
2. Find your swings. Find the biggest ones then the next biggest. Don’t get caught up in minutia.
3. Use the swings to draw your fork. Experiment with the standard and modified schiff.
4. Highlight significant price action such as WRB gap bars.

Price swings. It moves in waves. Our job is to gain an understanding of the particular swing action that is occurring in the market we are considering to trade. One way of gaining this understanding is to become expert at identifying swings. We use pitchforks to frame the swings and visually make them meaningful. WHEN WE DO TRADE IT IS BECAUSE WE HAVE FIGURED OUT WHAT THE SWINGS ARE DOING.

#11
Nov 29, 2017 7:09am Nov 29, 2017 7:09am

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

Followup on video. The price action for a sell as explained in the video held and price now selling off.

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#12
Edited 4:34pm Nov 29, 2017 8:54am | Edited 4:34pm

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

Likin' this PA. I'll make a video later.

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#13
Nov 30, 2017 2:13pm Nov 30, 2017 2:13pm

mbrown
| Membership Revoked | Joined May 2015 | 2,903 Posts

Quoting Winston Reed

Disliked

Note to admin: This thread is a discussion primarily about trading using Andrew’s Pitchforks. I’m a big fan of Star Wars. “The Last Jedi” will be premiering 12/15/2017 so I couldn’t help creating this thread!!! Although I will be posting charts I will also be using VIDEOS frequently with audio to explain how I use forks to trade. I will be using the term “forks” which will be synonymous with Andrew’s Pitchforks and Median Lines. I invite discussion however I will be guiding the discussion. Please post your charts and your trades as you feel comfortable...

Ignored

If only I had known there was a thread already started on Andrews Pitchforks!!!! I look forward to reading and contributing to this thread! I'm a Tim Morge follower!

#14
Nov 30, 2017 5:46pm Nov 30, 2017 5:46pm

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

Quoting Winston Reed

Disliked

Followup on video. The price action for a sell as explained in the video held and price now selling off. {image}

Ignored

Another followup.

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