Andrews Pitchfork (Median Line) | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better Andrews Pitchfork and MT4 15 replies

Andrews Pitchfork 120 replies

Andrews Pitchfork video 22 replies

median line Bollinger band cross 3 replies

Attachments: Andrews Pitchfork (Median Line)
Exit Attachments

Andrews Pitchfork (Median Line)

  • #701
  • Nov 9, 2009 4:22pm Nov 9, 2009 4:22pm
Quoting PeterE
Scrutch
is there an optimum time, tick, range chart etc? Possibly!!
I think so...but you won't find it using MetaTrader. I found some very sympathetic charts while trading the indices. Unfortunately, seemed each market favored a paticular data stream...SnP favored a tic chart, Russell favored a range chart,...etc. As for the optimum time, that seemed to work as well, but most of my studies on time charts were done when I was expermenting with pyrapoint, using fib numbers for length of time.

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

Just my view.
My thoughts as well...
Listen to the whispers.... You may learn something
  • #702
  • Nov 9, 2009 4:45pm Nov 9, 2009 4:45pm
i know u like 17 to 16.59 (NY) trade times for currencies,
but did you source an optimum time bar chart for currencies?
and range bar?

thanks

Quoting Scrutch
I think so...but you won't find it using MetaTrader. I found some very sympathetic charts while trading the indices.
  • #703
  • Nov 10, 2009 9:06am Nov 10, 2009 9:06am
Quoting PeterE
i know u like 17 to 16.59 (NY) trade times for currencies,
but did you source an optimum time bar chart for currencies?
and range bar?
thanks
No...as I mentioned above my studies were done on the indices, not the currencies. The 3 min chart is used by a lot of hard core currency traders though...the problem here is with the accuracy of the Andrews lines on small time frame charts. The longer the time frame, the better reactions the Andrews shows...or so it would appear. While I use Andrews on small time frames I am very aware of the larger time frames and am prepared to bail when things looked skewed.
Listen to the whispers.... You may learn something
  • #704
  • Nov 10, 2009 2:57pm Nov 10, 2009 2:57pm
no doubt there is some bias, but MLs have to be one of the best (and under-utilised) trading tools available

if there is another please let me know

GBPUSD +500 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 111109.jpg Size: 44 KB
  • #705
  • Nov 10, 2009 7:49pm Nov 10, 2009 7:49pm
was hoping to get some momentum upwards off the ML at yellow circle,
but price breaks and closes below ML, hitting my tight stop on the way through (-12pips)

perhaps a wash n'rinse as Tim would say, ..........we'll see if it heads back up now

either way, that's trading!!
Attached Image (click to enlarge)
Click to Enlarge Name: 111109-2.jpg Size: 42 KB
  • #706
  • Nov 12, 2009 6:33am Nov 12, 2009 6:33am
As of now GMT 12:33, we still don't have a confirmation to long the said pair. Let's see how the Gbp/Usd resolves herself.

Have a good one
Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: Gbp Median Lines 11122009 (i).gif Size: 23 KB
~*~You are only one trade away from humility~*~
  • #707
  • Nov 12, 2009 2:27pm Nov 12, 2009 2:27pm
Trading Euro's intraday decline.
Attached Image (click to enlarge)
Click to Enlarge Name: !.gif Size: 28 KB
  • #708
  • Nov 12, 2009 3:21pm Nov 12, 2009 3:21pm
gosh, the precision of MLs, .........when everyone else if fumbling around with whiz-bang indicators

anyone get onto these

both sitting on 160pips each if so
Attached Image (click to enlarge)
Click to Enlarge Name: 131109.jpg Size: 86 KB
  • #709
  • Edited 6:48pm Nov 12, 2009 6:45pm | Edited 6:48pm
Greetings All:

This is the spot cable in the hourly time frame. price actions hit energy point and went for the reversal to the upside. Coupled with the Harmonic Gartley 222 pattern; profit/risk ratio was good to go for the long side. Take care.

Have a good one
Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: Gbp Median Lines 11132009 (i).gif Size: 32 KB
~*~You are only one trade away from humility~*~
  • #710
  • Nov 13, 2009 1:21pm Nov 13, 2009 1:21pm
EU daily formation still working...drop to lower time frames for timing and trading this market.
Attached Image (click to enlarge)
Click to Enlarge Name: EU-11-13-09-D.jpg Size: 304 KB
Listen to the whispers.... You may learn something
  • #711
  • Nov 16, 2009 2:45pm Nov 16, 2009 2:45pm
Currently short (50% in)...it is my opinion, that today should be a pivot and tomorrow has a high probability of being a down day. I think the high for today is already in place and a bit lower on this current move and I'll be all in...watching lower time frames for confirmation.

Small short just below Wednesday high and 6/8's (cyan) touch, add in with 6/8's rejection confirmation, add in with ML (cyan), UML (pink) and 23.6 (fib) penetration.
In profit at the moment and moving stop to averaged BE+.
Attached Image (click to enlarge)
Click to Enlarge Name: EU-11-16-09-D.jpg Size: 403 KB
Listen to the whispers.... You may learn something
  • #712
  • Nov 16, 2009 3:41pm Nov 16, 2009 3:41pm
m.schiff that light blue fork gives something i think


Quoting Scrutch
Currently short (50% in)...it is my opinion, that today should be a pivot and tomorrow has a high probability of being a down day. I think the high for today is already in place and a bit lower on this current move and I'll be all in...watching lower time frames for confirmation.

Small short just below Wednesday high and 6/8's (cyan) touch, add in with 6/8's rejection confirmation, add in with ML (cyan), UML (pink) and 23.6 (fib) penetration.
In profit at the moment and moving stop to averaged BE+.
  • #713
  • Nov 17, 2009 1:03am Nov 17, 2009 1:03am
7hrs, a long time for me, but we got there.....+50
Attached Image (click to enlarge)
Click to Enlarge Name: 171109-2.jpg Size: 35 KB
  • #714
  • Nov 17, 2009 1:05am Nov 17, 2009 1:05am
one of those wash n'rinses, stop gets hit then price turns and moves in my favour.........-15
Attached Image (click to enlarge)
Click to Enlarge Name: 171109.jpg Size: 40 KB
  • #715
  • Nov 17, 2009 1:08am Nov 17, 2009 1:08am
another drawn out trade for me, 8hrs

target +40, missed by cpl pips, so decided to exit +35, not letting this one reverse on me
Attached Image (click to enlarge)
Click to Enlarge Name: 171109-3.jpg Size: 51 KB
  • #716
  • Nov 17, 2009 3:01am Nov 17, 2009 3:01am
Quoting PeterE
another drawn out trade for me, 8hrs

target +40, missed by cpl pips, so decided to exit +35, not letting this one reverse on me
Peter some nice trades.

Thanks.
AFTAB Time Will Tell & Price Will Show
  • #717
  • Nov 17, 2009 4:38am Nov 17, 2009 4:38am
hellooooo aftab, how is the forking going?

that +35 actually went much further, should have held.....not to worry, there will be another


Quoting aftab
Peter some nice trades.

Thanks.
  • #718
  • Nov 17, 2009 9:33am Nov 17, 2009 9:33am
Whoa...EU came within 2.5 pips of me stop while I was taking a nap...
Moving stops down on confirmed M15 pivots now that I'm awake.

Looks like you did very well during my nap time Peter......you might consider looking at prior pivots for your stops. Haven't looked but think this would have kept you in the AU trade...but hey, there's noting wrong with taking profits as they occur. It's hard to go broke when you're taking profits
Attached Image (click to enlarge)
Click to Enlarge Name: EU-11-17-09-D.JPG Size: 435 KB
Listen to the whispers.... You may learn something
  • #719
  • Nov 17, 2009 2:06pm Nov 17, 2009 2:06pm
looks like you got it right yourself scrutch

generally, i use -15 cash stops, and with my trading style it seems to work, but occassionally i'll get a wash n'rinse.

Quoting Scrutch
...it is my opinion, that today should be a pivot and tomorrow has a high probability of being a down day. I think the high for today is already in place ...........
  • #720
  • Nov 17, 2009 2:20pm Nov 17, 2009 2:20pm
Hey Peter...yep, course I'm not always right. This time on my first entry there was only an -8 pip stop, perhaps lucky that I got in at the top of the move...
I get the rinse cycle from time to time as well, just part of trading.
I'm 75% out at my previous posted support line (+178 average) and have a trailing stop 10 pips above the down slope UML. Not sure that this is going to keep me in, but worse case...it will be a +118 exit. Each M15 bar, the stop goes apx 2 pips lower.

Quoting PeterE
looks like you got it right yourself scrutch
generally, i use -15 cash stops, and with my trading style it seems to work, but occassionally i'll get a wash n'rinse.
Listen to the whispers.... You may learn something
5 traders viewing now