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Andrews Pitchfork (Median Line)

  • #721
  • Nov 17, 2009 3:29pm Nov 17, 2009 3:29pm
ooooo...........that wasnt meant to be grumpy, take it literally, i mean, "you did get it right!", ie. good work


Quoting Scrutch
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.
  • #722
  • Nov 18, 2009 6:29am Nov 18, 2009 6:29am
...?? I'm a bit confused. I don't see any grump in my reply and no grump was intentended. I do have a hard time getting my thoughts transfered from my gray matter to the keyboard though...I apologize if it came across grumpy.

Quoting PeterE
ooooo...........that wasnt meant to be grumpy, take it literally, i mean, "you did get it right!", ie. good work
Listen to the whispers.... You may learn something
  • #723
  • Nov 18, 2009 6:55am Nov 18, 2009 6:55am
this is getting very muddled scrutch , i was referring to myself as not being grumpy

why dont we just agree that all communications have been benevolent on both sides, and that internet communication is challenging


Quoting Scrutch
...?? I'm a bit confused. I don't see any grump in my reply and no grump was intentended. I do have a hard time getting my thoughts transfered from my gray matter to the keyboard though...I apologize if it came across grumpy.
  • #724
  • Nov 18, 2009 7:48am Nov 18, 2009 7:48am
Looks like the EJ is playing ping and pong...?
Pong has the advantage but ping is waiting for a rematch.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ-11-18-09-15m.jpg Size: 326 KB
Listen to the whispers.... You may learn something
  • #725
  • Nov 18, 2009 11:01am Nov 18, 2009 11:01am
Scrutch, what are those lines inside your blue upfork in your EJ chart?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #726
  • Nov 18, 2009 11:23am Nov 18, 2009 11:23am
I've divided the Andrews formations for years this way.
Consider the original formation this way:
Lower Median Line = 0/8's
Median Line = 4/8's
Upper Median Line = 8/8's
I use half the distance from the LML to the ML as the 2/8's
and half the distance from the ML to the UML as the 6/8's
The dotted lines would then reflect the 1/8's, 3/8's, 5/8's and 7/8's levels.

Quoting kapital
Scrutch, what are those lines inside your blue upfork in your EJ chart?
Listen to the whispers.... You may learn something
  • #727
  • Nov 18, 2009 11:43am Nov 18, 2009 11:43am
Quoting Scrutch
I've divided the Andrews formations for years this way.
Consider the original formation this way:
Lower Median Line = 0/8's
Median Line = 4/8's
Upper Median Line = 8/8's
I use half the distance from the LML to the ML as the 2/8's
and half the distance from the ML to the UML as the 6/8's
The dotted lines would then reflect the 1/8's, 3/8's, 5/8's and 7/8's levels.
Hello Srutch....thanks for the explanation, I was wondering too. I am practising AP and Median lines since months ( Tim Morge etc. ) but I was looking for tools such as this to understand PA especially in the " gaps " between the lines.
Do you use a tool such as Ensign or somethng else, or are you a true hardcore " drawing it all by hand line for line ".... ?

I am learning a lot from this thread. Thanks to all and plse continue
Be like water.
  • #728
  • Nov 18, 2009 12:24pm Nov 18, 2009 12:24pm
Yes, I use Ensign and several other charting programs...
I'm no longer drawing the interior lines by hand, working my way through MT4, coding an indicator to do this for me but it's a mess at the moment and not really finished. At my suggestion, Caveman did a MT4 tool that does most of the same things I'm doing and posted it on this thread as well as most other fork threads. On this tread it's on Page 39...Post # 584, it has both the source code and the compiled code. There is some text you should read at the very beginning of the code so you know what the tool will do for you...the major thing is you have to name the formation you draw and when you open the Indi, make sure you change the name in there to match the one you just drew. This allows multiple instances of the formation on your chart.

Cheers,
PnS...thanks again Caveman...
Quoting msmarple
Hello Srutch....thanks for the explanation, I was wondering too. I am practising AP and Median lines since months ( Tim Morge etc. ) but I was looking for tools such as this to understand PA especially in the " gaps " between the lines.
Do you use a tool such as Ensign or somethng else, or are you a true hardcore " drawing it all by hand line for line ".... ?

I am learning a lot from this thread. Thanks to all and plse continue
Listen to the whispers.... You may learn something
  • #729
  • Nov 18, 2009 12:31pm Nov 18, 2009 12:31pm
Thank you for the fast reply. I have this tool you mentioned but I have been reading again and again the instructions.....sounds stupid I know, but the exact steps from drawing, renaming and changing from inside the indi ... is still a mystery. ( And this although my aim with ML is to get rid of at least 95% of all indicators - I have MANY ).

Anyway, I`ll just try again. One Sunday afternoon sitting around and just trying one more time will maybe help :-)
Be like water.
  • #730
  • Nov 18, 2009 1:15pm Nov 18, 2009 1:15pm
Whoa...first off, if it's Sunday afternoon where you're at, then please send me your charts for last week. I'll just use those to trade with...

Oki...when you use MetaTrader to draw you Andrews, edit the properties and change the name to AL1. Then when you drag the AML-v1 indicator to your chart you will be set as that's the default name in the indi. If you draw a second Andrews, change the name to AL2. Then drag a new AML-v1 indicator to your chart and when it opens rename it to AL2. On the image, both names(blue highlighted) must be the same and you will need one indicator per Andrews drawn. i.e., if you have five Andrews drawn on your chart you will need five AML-v1's in your indicator list.

Then it's just a matter of adjusting the line colors and styles to reflect what you want to see.
The only other trick here is setting the Original_AL_Color and Chart_Bkgrd_Color to hide the original formation, if you wish.
Think every thing else is pretty straight forward.
Quoting msmarple
Thank you for the fast reply. I have this tool you mentioned but I have been reading again and again the instructions.....sounds stupid I know, but the exact steps from drawing, renaming and changing from inside the indi ... is still a mystery. ( And this although my aim with ML is to get rid of at least 95% of all indicators - I have MANY ).

Anyway, I`ll just try again. One Sunday afternoon sitting around and just trying one more time will maybe help :-)
Attached Image
Listen to the whispers.... You may learn something
  • #731
  • Nov 18, 2009 1:59pm Nov 18, 2009 1:59pm
the God's of trading are not being kind to me this week.........but if i can just get through the week without smashing another piece of furniture

below, had 2 long trades going in here, target +54 missed by couple of pips, price reverses........+20

hmmmmm
Attached Image (click to enlarge)
Click to Enlarge Name: 191109.gif Size: 36 KB
  • #732
  • Nov 18, 2009 6:04pm Nov 18, 2009 6:04pm
Quoting Scrutch
Whoa...first off, if it's Sunday afternoon where you're at, then please send me your charts for last week. I'll just use those to trade with...

Oki...when you use MetaTrader to draw you Andrews, edit the properties and change the name to AL1. Then when you drag the AML-v1 indicator to your chart you will be set as that's the default name in the indi. If you draw a second Andrews, change the name to AL2. Then drag a new AML-v1 indicator to your chart and when it opens rename it to AL2. On the image, both names(blue highlighted) must be the...
Great help, much appreciated..... ! I`ll send feedback ASAP.

Be like water.
  • #733
  • Nov 18, 2009 8:14pm Nov 18, 2009 8:14pm
a couple of active charts i have running, fwiw
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $USDJPY 11_18_2009 (20 Min).jpg Size: 175 KB
Click to Enlarge Name: $EURUSD 11_18_2009 (20 Min).jpg Size: 97 KB
  • #734
  • Nov 19, 2009 12:58am Nov 19, 2009 12:58am
auxesis, how do you find ninja trader for ease of drawing MLs and mod.schiff, just a few mouse clicks or fiddly?

also, can ML templates (colors, warning lines etc) be saved and readily accessed, or must you keep manually changing the dfeault?

thanks
Peter


Quoting auxesis
a couple of active charts i have running, fwiw
  • #735
  • Nov 19, 2009 4:15am Nov 19, 2009 4:15am
Quoting PeterE
auxesis, how do you find ninja trader for ease of drawing MLs and mod.schiff, just a few mouse clicks or fiddly?

also, can ML templates (colors, warning lines etc) be saved and readily accessed, or must you keep manually changing the dfeault?

thanks
Peter
Peter,

I've just started using Ninja and am not that familiar with it. Apologies but I'm not the person to ask at the moment.

regards
  • #736
  • Nov 19, 2009 10:03am Nov 19, 2009 10:03am
Quoting Scrutch
I've divided the Andrews formations for years this way.
Consider the original formation this way:
Lower Median Line = 0/8's
Median Line = 4/8's
Upper Median Line = 8/8's
I use half the distance from the LML to the ML as the 2/8's
and half the distance from the ML to the UML as the 6/8's
The dotted lines would then reflect the 1/8's, 3/8's, 5/8's and 7/8's levels.

Nice...

Do you often make succesful entries/exits trading with these lines?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #737
  • Nov 19, 2009 1:57pm Nov 19, 2009 1:57pm
lol been quite some time not browsing to this thread. wish everyone good trade then.
  • #738
  • Nov 19, 2009 3:25pm Nov 19, 2009 3:25pm
The USDJPY just tested the Lower Median Line...again, and is bouncing back up. Would like to see it take out the prior pivot high, if it's going to make a try for the Median Line and keep this correction heading upwards.
This is a M5 chart but was drawn on the H1 time frame, I just jump down to the M1 or M5 to fine tune the entries.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ-11-19-09-5m.jpg Size: 382 KB
Listen to the whispers.... You may learn something
  • #739
  • Nov 19, 2009 3:35pm Nov 19, 2009 3:35pm
Yes...notice the strength some of them show. If the move from the Median is weak, on it's way to the Upper/Lower Median, a lot of times it will stall at the 7'8s/1'8s line and reverse to the Median. The 2'8s and 6'8s show excellent strength at times...just have to watch for the strength they show. Two tests okay, three tests...trade it, watch out for the fourth test that usually produces a break.

Edit: The chart I just posted is showing weakness...can't reach the 3'8s line anymore and the last push failed to reach the 2'8s line. Doesn't mean it can't go up anymore, just that it's a weak move. If I go short here, I will wait for confirmation, rather than just jump off the high board and see if there's any water in the pool on my way down.

Quoting kapital
Nice...
Do you often make succesful entries/exits trading with these lines?
Listen to the whispers.... You may learn something
  • #740
  • Nov 19, 2009 3:50pm Nov 19, 2009 3:50pm
or what about,
70% probability of making it to 'yellow', and 46% probability of turning there,
and if it does, 90% probability of making it to 'rose'

just bouncing ideas



Quoting Scrutch
The USDJPY just tested the Lower Median Line...again, and is bouncing back up. Would like to see it take out the prior pivot high, if it's going to make a try for the Median Line and keep this correction heading upwards.
This is a M5 chart but was drawn on the H1 time frame, I just jump down to the M1 or M5 to fine tune the entries.
Attached Image (click to enlarge)
Click to Enlarge Name: 201109.gif Size: 36 KB
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