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Attachments: Andrews Pitchfork (Median Line)
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Andrews Pitchfork (Median Line)

Hi,

Yea, I figured that out looking at the first chart. I'm curious as to where you came up with that. I'm not knocking it, I'm just curious.
If you draw enough lines on a chart, sooner or later you will see the price bounce off or break through them. Is this really a trading strategy or a lesson in probabilities? I dont know the answer to this.
Quoting Dopey
Hi,

Yea, I figured that out looking at the first chart. I'm curious as to where you came up with that. I'm not knocking it, I'm just curious.
I come with this from many sources but not tim morge
From internet but i really dont remember where.....i just keep in mind and i use and really works
Quoting FrankTheTank
If you draw enough lines on a chart, sooner or later you will see the price bounce off or break through them. Is this really a trading strategy or a lesson in probabilities? I dont know the answer to this.
Hello

Median line is a trading strategy but you have to know how to use these lines.
Me too im still in learning process.
Regards
Quoting justcatalin
I come with this from many sources but not tim morge
From internet but i really dont remember where.....i just keep in mind and i use and really works
Hi Catalin,
I am not too convinced about this unkown source over the internet. My advice to you is to stick with the masters (50% of high/low and 50% of time elapsed between high/low) and you won't go far wrong.
Quoting zones
Hi Catalin,
I am not too convinced about this unkown source over the internet. My advice to you is to stick with the masters (50% of high/low and 50% of time elapsed between high/low) and you won't go far wrong.
Zones
No only Tim Morge was in the original Andrews course
Is better to take something from evryone and make a trading stile
But modified schif fork works very well dont worry
Just make a back test and you will see what im talking about.
Thanks to be here with us
  • Post #27
  • Quote
  • Edited at 5:28pm Mar 21, 2008 4:46pm | Edited at 5:28pm
Quoting justcatalin
Zones
No only Tim Morge was in the original Andrews course
Is better to take something from evryone and make a trading stile
But modified schif fork works very well dont worry
Just make a back test and you will see what im talking about.
Thanks to be here with us
I agree with having a trading style that fits your personality. However, if you curve fit your forks then they lose thier mathematical validity.
Good luck anyway.
The goal in drawing PFs is to find one that describes the price. It's the one point that Morge pushes the most, more so than the other sources, imo. Which is why he likes taking the third test. If it's held twice, the third try will usually hold as well. Your example of the Modified Schiff doesn't do that. I don't doubt that it will at times, but I'm just pointing out that this one doesn't. The parallel lines you drew described the price but only in the upper half. This really is just a trendline, no more.

As I always say, if it works for you, then more power to you. Trading is an individual endeavor, not a team one. However, both Zones and myself are very interested in PFs and there are probably a few others around here as well but they keep quiet.

Frank, you've stated what most say about PFs. They don't work all the time, just like nothing does in trading. But once you understand how they work and how to use them, they're as good as anything else and better than most. They provide clear entries and exits and usually offer a very good R:R. It does take time and effort to learn them.
Quoting Dopey
The goal in drawing PFs is to find one that describes the price. It's the one point that Morge pushes the most, more so than the other sources, imo. Which is why he likes taking the third test. If it's held twice, the third try will usually hold as well. Your example of the Modified Schiff doesn't do that. I don't doubt that it will at times, but I'm just pointing out that this one doesn't. The parallel lines you drew described the price but only in the upper half. This really is just a trendline, no more.

As I always say, if it works for you, then more power to you. Trading is an individual endeavor, not a team one. However, both Zones and myself are very interested in PFs and there are probably a few others around here as well but they keep quiet.

Frank, you've stated what most say about PFs. They don't work all the time, just like nothing does in trading. But once you understand how they work and how to use them, they're as good as anything else and better than most. They provide clear entries and exits and usually offer a very good R:R. It does take time and effort to learn them.
Thanks for reply and i will keep in mind
Thanks very much for your help.
Regards
Catalin
Hello all
Some update on euro usd 1H timeframe
We have p0 - p4 line
Let se how euro will go today
Attached Image (click to enlarge)
Click to Enlarge Name: euro usd 1 h timeframe p0p4 line.gif Size: 31 KB
Tim Morge has some webinars on the CBoT archives if anyone is interested:
http://www.hotcomm.com/virmeetCID_EV...asp?CID=YMDZYQ
Hello all
Im still here
Today i miss a nice entry on euro usd with a stop 28 pips for a reward 400 pips if will hit median line
Next time i have to be more carfull.
Anyone take this one ?
Attached Image (click to enlarge)
Click to Enlarge Name: euro usd miss one nice entry.gif Size: 39 KB
By the way i take nice entry on gbp/jpy
Normaly i dont look at another curency but this was so nice and still runing
right now +300 pips and my stop is +110 pips
Let see how will go this one
Anyone have another view ?
Attached Image (click to enlarge)
Click to Enlarge Name: i take nice entry on gbpjpy.gif Size: 26 KB
Quoting justcatalin
By the way i take nice entry on gbp/jpy
Normaly i dont look at another curency but this was so nice and still runing
right now +300 pips and my stop is +110 pips
Let see how will go this one
Anyone have another view ?
Hi Justcatalin,
I am no expert in Pitchforks but i can tell you that you have drawn your fork incorrectly. Check out posts by Dopey and Zones...
  • Post #35
  • Quote
  • Edited at 5:24pm Mar 25, 2008 5:06pm | Edited at 5:24pm
Quoting littlejohn
Hi Justcatalin,
I am no expert in Pitchforks but i can tell you that you have drawn your fork incorrectly. Check out posts by Dopey and Zones...
You are correct for the traditional Pitchfork. He has drawn it correctly for a Schiff. Schiff was a student of Dr Andrews and Dr. Andrews adopted the Schiff method into his program Action/ Reaction of 1963 plate AR19
http://www.medianline.com/ar19.html
Quoting smjones
No, He has drawn it correctly for a Schiff. Schiff was a student of Dr Andrews and Dr. Andrews adopted the Schiff method into his program Action/ Reaction of 1963 plate AR19
http://www.medianline.com/ar19.html
Jerome Schiff was a student of Andrews and he asked what if price has an extreme slope what should be done then. He came up with the idea of taking the midpoint of high and low. To answer that Andrews recommended that he should take the halfway between price and halfway in time as well. Hence it became modified Sciff. Like in the example below.
Attached Image (click to enlarge)
Click to Enlarge Name: b.gif Size: 17 KB
Thanks for reply
I know how to draw schif line but what i draw is what i call modified schiff line.
I still test this one and sometime do better job than schiff and normal line.
If you make some foward test and backtest you will see how this works
Regards
Quoting littlejohn
Jerome Schiff was a student of Andrews and he asked what if price has an extreme slope what should be done then. He came up with the idea of taking the midpoint of high and low. To answer that Andrews recommended that he should take the halfway between price and halfway in time as well. Hence it became modified Sciff. Like in the example below.
Hi Littlejohn,
You are right in terms of how one draws modified Schiff. However, justcatalin has modified this modification into something totally different and has backtested it and feels happy with the results. I discussed this with him last week in a private chat. Although i personally agree with you littlejohn but, if justcatalin is happy and making money then who are we to argue .
All i say is good luck to him and you ofcourse.
Quoting zones
Hi Littlejohn,
You are right in terms of how one draws modified Schiff. However, justcatalin has modified this modification into something totally different and has backtested it and feels happy with the results. I discussed this with him last week in a private chat. Although i personally agree with you littlejohn but, if justcatalin is happy and making money then who are we to argue .
All i say is good luck to him and you ofcourse.

I was just going to submit a similar response but it looks like zones beat me to it.

From my understanding of this link http://www.medianline.com/ar18.html the original schiff is #1, the Andrews' "modified schiff" is #2 and Justcatalin's version is #3 on my chart picture below.

Personally, I think Justcatalin has the best version and is on to something here. Thanks for sharing it and please continue...
Attached Image (click to enlarge)
Click to Enlarge Name: schiff comparison.gif Size: 24 KB
Quoting bunjow
I was just going to submit a similar response but it looks like zones beat me to it.

From my understanding of this link http://www.medianline.com/ar18.html the original schiff is #1, the Andrews' "modified schiff" is #2 and Justcatalin's version is #3 on my chart picture below.

Personally, I think Justcatalin has the best version and is on to something here. Thanks for sharing it and please continue...
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