Andrews Pitchfork (Median Line)

Update...longer time frame appears to be taking control.
I've had this guy hidden and turned it on when price broke through the lower sliding parallel.

Man what a nice thread! I just found it this morning, when a fellow median line trader pointed it out to me. I was introduced to median lines a little over a year ago. They have become my primary trading tool. I am by no means an expert and I certainly feel fortunate to be able to get feedback from such an excellent group of traders. It is especially exciting to see Mr. Morge contributing here.

Well I hope these are worthy. The first image is a full-on-fork with "the works" including schiff fork, warning lines, Action reaction lines,and a head start on the next fork as price develops. I also included to the left the settings I use on the Fibo-channel tool to create my warning line (0.25 increments from +1 to -2)

The second image is the same fork. I have just removed some of the extra stuff and Zoomed in a bit. Normally I like to start with a 4 hour chart and enter off the 1hr and/or 15min.

I would certainly welcome any criticism or comments.

Thx,

~Snap

Edit: I am so sorry, I do not think I am attaching these correctly. I can't seem to figure out how to make a "thumbnail image"


Edit2: Ahh Haa! I think I got it now!

Chart looks nice, I think it is holding price well. I'd like prce to start to distance itself from the outside Sliding Parallel and Lower Median Line soon to the up side, but just as in life, we get what we get.

No criticism...I just woke up, have to do a live session for 100 people via the internet pre-market, so I am hurrying to get some green tea in me and my eyes are a bit grainy still from being sleepy. I can't 'read' alll your lighter lines well, probably because I am used to white backgrounds [and still mostly asleep]. I'll give them both a second closer look in a few hours after I finish running the live session.

Welcome aboard!

Tim

Price was drawn and reacted nicely to the trend/median/fib confluence.

A slow slide down toward the round numbers.
Any retrace towards the median line near 1.4100 should be taken advantage of, similarly for a buy as market approaches (EDIT: lower) median line.
A sell order was placed near the market top at 1.4190, out for good pips. Should have hung on for more, but seldom get the full TP as I usually TP before the move completes.

P.S. 2000th post and the pitchfork thread gets it.

Update: new chart.

Will be interesting to see what the Tokyo open brings.
Nice interaction on the ML, yellow arrows. We'll see if the lower parallel holds.

Forgive the small image, its the best I can do at the moment, on laptop right now.

Let's make money!
MM

Hi again!

Mr. Morge, Thankyou for your comments! I have switched to white background now I hope it will be more visable. I would like to use OHLC bars instead of candles but Metatraders bars are so skinny, and that feature is not adjustable.

Well today I did take one entry off my prev forks at the sliding Parallel line and was able to get stop to break even. I closed with 5 measley pips before NFP came calling and wrecked my whole setup.

I scraped the old and did a new analysis and am posting here for critique. Forks were drawn off the 4 hour. I have just moved to 1hour to better lable the consolidation areas and such. I am waiting for the market to show me if my upward fork is going to play, by a test and retest scenario. If it can come soon enough I may be able to get an attempt at trade with a 8:1 or better RR.

~Snap

Hi SnapCracklePip

Something what i learn from Tim is to keep with one time frame and dont go lower time frame to find better entry because every time frame like every median line have his own story.
So dont complicate your life with multiple time frame in the beginning.
Regards
Catalin

Any have any experience using shiff forks in this manner?

Might be an opportunity for GU coming up in the hours ahead, depending on a test and retest of the blue fork.

http://i27.tinypic.com/24yx193.gif

True, at the moment the Catalin's Andrew Lines are still in control of this down move. That said, in the 240-min time frame of this pair, we are testing the up sloping lower Median Line now. Take care

Have a good one
Jeff

Hi everyone, first time for to post in this thread. Images up there are really cool and informative. First of all thread itself is very usefull but meanwhile activity is promising as well. I hope I can later have a chance to post my charts, just started getting info about andrews pitchforks.

My daily gold chart. Any comments on these forks?

You guys are forking crazy........just kidding.

EU H4: Less than 30 minutes before 8 AM EST and the US open, and the chart has the look of price being held up to see what US traders will do....as though PA will certainly drop, but not until the US traders have a chance to decide whether or not to pump it first....

Hi
I will not take any entry because we are in the range
This is the second thing what i learn from Tim video and first ting is market structure.
So from my view is better to stay away till you learn how to play with range trading because our probability on range is 50/50 and i dont like that.
Regards
Catalin

hi all

cable, h4, h1 slid in this smaller upward fork, lets see what happens at the down parallel

Tim, nice to see you here, learned a lot from you, thanks

Hi All,

I am hoping the EU will retest my Schiff one more time to get in here. 15 pip stop and 130ish target at the energy point.

Any Help, Comments, Advice appreciated.

Its still range, its better to stay away, look some post back where i have eur/usd chart http://www.forexfactory.com/showpost...&postcount=557

If sugest you to follow Tim free video section, you can learn a lot.

Here are my currently trade base on test and retest, my stop was cash stop.


Regards
Catalin