I'm now trading futures, mostly /MNQ (micro e-mini Nasdaq-100). Micro futures make it possible for those without large accounts to trade futures. I'm on the "thinkorswim" platform.
Freedom is not free
1
Andrews Pitchfork (Median Line) 8,099 replies
Request - weekly opening line with "x" pips line 19 replies
My median line trading journal 0 replies
median line Bollinger band cross 3 replies
Need an indicator that calculates the median price 3 replies
DislikedSome thoughts on trading median lines: First a median line is a relationship between 3 points and completes once price reaches the median line or the center line created by the 3 point relationship. This completion is stated by Andrews in a different way: "Price reaches the median line about 80% of the time". So the search for "C" is often part of a strategy to take advantage of this 80% probability of reaching the median line. The thought is that once "C" is in then one might trade toward the median line. This is entirely possible and I have in...Ignored
Disliked{quote} As stated above once price reaches the median line it is confirmed and we ask ourselves "what next". Before we answer this question it's important to examine how price descended from B to C. The blue diagonal lines represent the two largest swings on the way down to "C". They are confirmed swings because each of these swings' highs were confirmed when price made a new low relative to the swing. This is important because we can use these confirmed swings to help us decide when price direction might change. Notice when price breaks and closes...Ignored
Frequency is BS
DislikedHey Abe, Appreciating your hard work, planning on reading through your thread have only been over the first page now. Trying to just apply ML sets and structure analysis in my chart, feel free to butcher it if you feel like it ! I used to trade like this before I transitioned to the AR method. Cheers! {image}Ignored
DislikedYou are welcome and thanks for replying and putting effort in my request. You are extremely meticulous, truly objective in your approach, impressive ! I myself do not intently look out for these WRB's and PA areas as those you marked in the chart. I overlooked your purple ML, in my own analysis I measure and project, to create a confluence for a potential reversal zone. Your ML set did work out splendidly in this regard. I do not believe the actual ML will be hit anymore based on the found geometry where the lines converge. And if it does one who...Ignored