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Andrews Pitchfork (Median Line)

  • #681
  • Nov 2, 2009 10:17am Nov 2, 2009 10:17am
breakout sellers are in, now lets see if 61.8 fib and 1.0800 round number can attract some more.
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  • #682
  • Nov 2, 2009 10:27am Nov 2, 2009 10:27am
Quoting kapital
15MIN EU
Kapital,

Wasn't trying to be critical when I posted, was managing a trade and didn't have time to comment....just wanted you to be aware that the major PA is in a downtrend. Not sure at the moment where this last up and down spike is leading, just have to watch and see. At the moment it's trying to retrace some of the down move, perhpas time to get Mr. Fib out.

Your upslope green AL shows great price vibration on and around the ML, nice job.
Listen to the whispers.... You may learn something
  • #683
  • Edited 11:49am Nov 2, 2009 10:50am | Edited 11:49am
energy point, 146 round number, 1 to 1 expansion, 50% fib...lets see what happens if it gets there.
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  • #684
  • Nov 2, 2009 11:38am Nov 2, 2009 11:38am
Quoting tormo
breakout sellers are in, now lets see if 61.8 fib and 1.0800 round number can attract some more.

very nice test, close with great separation(BE outside bar), now lets see if it comes back and retests. Sell order at 1.0822
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  • #685
  • Nov 2, 2009 8:15pm Nov 2, 2009 8:15pm
Quoting tormo
very nice test, close with great separation(BE outside bar), now lets see if it comes back and retests. Sell order at 1.0822
Still not filed on the original sell order but now might have case for Hagopina's Rule. If price does no get there it's not worth increasing the stop to get filled. There will always be better trades.

In that case we might have to "make our own stop." We'll need price to test the UML, close with separatinon, go down a tad and come back to retest whick will be our new entry. We'll still have a high probability setup with a small stop. If we get ahead of the market profits will be quick and easy, if not a small quick loss is never a bad thing.

tormo
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  • #686
  • Nov 2, 2009 10:28pm Nov 2, 2009 10:28pm
15MIN EUR/USD
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #687
  • Nov 2, 2009 10:42pm Nov 2, 2009 10:42pm
Or...
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #688
  • Nov 2, 2009 11:08pm Nov 2, 2009 11:08pm
!
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #689
  • Nov 3, 2009 12:28am Nov 3, 2009 12:28am
Target: green middle median line
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #690
  • Nov 3, 2009 2:06am Nov 3, 2009 2:06am
TARGET ACHIEVED
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #691
  • Nov 3, 2009 6:52am Nov 3, 2009 6:52am
Quoting Scrutch
Kapital,
Your upslope green AL shows great price vibration on and around the ML, nice job.
I'm finding that this is the true key to finding a valid fork.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #692
  • Nov 5, 2009 4:44am Nov 5, 2009 4:44am
Long EU here...pushed above end of October highs, trying to push above yesterdays highs at the moment.
Strong resistance around 4790ish zone.
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Listen to the whispers.... You may learn something
  • #693
  • Nov 5, 2009 5:40am Nov 5, 2009 5:40am
missed a very nice switchback on EG

Change of behavior=two minor swing lows get taken out, price comes back to retest and finds more sellers and we get possible 5:1 RR setup.
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  • #694
  • Nov 5, 2009 7:36am Nov 5, 2009 7:36am
Hi Scrutch:

I was long AGAIN here on my 5-min Catalin. Yesterday, I was longed at the re-test of the Lower Up Sloping Andrew's Line. Take care.

Have a good one
Jeff


Quoting Scrutch
Long EU here...pushed above end of October highs, trying to push above yesterdays highs at the moment.
Strong resistance around 4790ish zone.
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~*~You are only one trade away from humility~*~
  • #695
  • Nov 5, 2009 8:22am Nov 5, 2009 8:22am
Quoting jharteam
Hi Scrutch:
I was long AGAIN here on my 5-min Catalin. Yesterday, I was longed at the re-test of the Lower Up Sloping Andrew's Line. Take care.
Have a good one
Jeff
Hey Jeff...good to see you've still got your hand in. Thanks for taking a break and posting. When you longed today I was taking a nap...
Been taking off and adding to for the last several hours...still have 75% of a small group on. When I get this group closed out I'm done for the day, been a very good morning and there's just no reason for me to push it.
The daily looks to show a nice move coming up...
Nice to see you, take care and have a good one.
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Listen to the whispers.... You may learn something
  • #696
  • Nov 5, 2009 10:10pm Nov 5, 2009 10:10pm
Scrutch,

I have a quick question.

How many trades do you take on average using median lines in a given month?
  • #697
  • Nov 5, 2009 11:24pm Nov 5, 2009 11:24pm
Hi Scrutch:

It's been awhile since the last time chatting the Andrew's with you. That is a nice set of Andrew's in the Daily time frame. I suppose that is a 50% Schiff. You take care.

Have a good one
Jeff


Quoting Scrutch
Hey Jeff...good to see you've still got your hand in. Thanks for taking a break and posting. When you longed today I was taking a nap...
Been taking off and adding to for the last several hours...still have 75% of a small group on. When I get this group closed out I'm done for the day, been a very good morning and there's just no reason for me to push it.
The daily looks to show a nice move coming up...
Nice to see you, take care and have a good one.
~*~You are only one trade away from humility~*~
  • #698
  • Nov 6, 2009 7:05am Nov 6, 2009 7:05am
Quoting tormo
Scrutch,
I have a quick question.
How many trades do you take on average using median lines in a given month?
Hmmmm......not sure I can answer this as I don't trade every day and it differers from month to month. Long term trades are done on single currency contracts, either with the futures or with an option on the futures. Most of the shorter (less than a week in duration) trades are via futures...and the longer ones (weeks or months) are via an option. Still holding a few Dec. Euro calls from several months back. Will have to be getting out of these soon...they are about to expire.

I use the 4x market for my scalping...average five to ten trades a day and looking to book 50+. My style of trading (comes from trading the indices) is to take profits off as my position moves into profit. I normaly take 50% off at 10p's, move stop to entry - 5p's (if I'm stopped out for a loss on the last 50% I still book 5p's total) and take 25% off at 20p's. The last 25% is managed with a trailing stop with a hard stop at BE+. So, if my trailing stop were to stop me out at +40...then I book 23p's, 10+20+40/3.




Quoting jharteam
Hi Scrutch:
It's been awhile since the last time chatting the Andrew's with you. That is a nice set of Andrew's in the Daily time frame. I suppose that is a 50% Schiff. You take care.
Have a good one
Jeff
Not sure what to call it anymore......anchor P0 is at 50% price and time though.
Listen to the whispers.... You may learn something
  • #699
  • Nov 9, 2009 7:54am Nov 9, 2009 7:54am
Interesting...the difference between 5 day a week and 6 day a week charting platforms...
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Listen to the whispers.... You may learn something
  • #700
  • Nov 9, 2009 1:28pm Nov 9, 2009 1:28pm
Scrutch

is there an optimum time, tick, range chart etc? Possibly!!

Personally, ...............i think most ML sets drawn correctly will eventually give trades.

Just my view.


Quoting Scrutch
Interesting...the difference between 5 day a week and 6 day a week charting platforms...
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