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Andrews Pitchfork (Median Line)

  • #741
  • Nov 19, 2009 3:56pm Nov 19, 2009 3:56pm
another perspective
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  • #742
  • Nov 19, 2009 4:19pm Nov 19, 2009 4:19pm
Looks to be showing weakness to me, not sure it's going to make it back to the Upper Median...although you Blue Median shows a very nice energy point. It's been a real struggle for PA to hold above the 6'8s and is failing to take out any of the prior high pivots in the last couple of hours.
I've gotten my confirmation and am now short...scalping mode short that is.
Quoting PeterE
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
Listen to the whispers.... You may learn something
  • #743
  • Nov 21, 2009 3:18am Nov 21, 2009 3:18am
Hello,
I am working on an expert advisor that needs to get the values of pitchfork lines, on the time basic. Is it possible?
Regards,
Guven
  • #744
  • Nov 21, 2009 8:56am Nov 21, 2009 8:56am
(purple fork is a modified schiff fork)
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #745
  • Nov 21, 2009 8:59am Nov 21, 2009 8:59am
Does anyone know of an effective way to trade the "Lazy-Z" pattern (coined by Tim Morge) which occurs at median lines?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #746
  • Nov 21, 2009 9:58am Nov 21, 2009 9:58am
Kapital,

If memory serves this is a continuation trade after a (wash & rinse) pattern.

After price makes the median it reverses and takes out the most recent fractal on the way to the median, ( faking a reversal) and then resumes the trend blowing through the median, the entry would be on any following pullback to the median taking the continuation trade, with stops below the wash & rinse.

hope that helps,
  • #747
  • Nov 21, 2009 9:35pm Nov 21, 2009 9:35pm
any of you 'forkers' getting that falling feeling??
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  • #748
  • Nov 22, 2009 12:01pm Nov 22, 2009 12:01pm
How 'bout them apples?
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #749
  • Nov 22, 2009 12:05pm Nov 22, 2009 12:05pm
Quoting auxesis
Kapital,

If memory serves this is a continuation trade after a (wash & rinse) pattern.

After price makes the median it reverses and takes out the most recent fractal on the way to the median, ( faking a reversal) and then resumes the trend blowing through the median, the entry would be on any following pullback to the median taking the continuation trade, with stops below the wash & rinse.

hope that helps,
Thanks for the reply auxesis.

What about trading as the pattern is forming or the continuation of it?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #750
  • Nov 22, 2009 3:51pm Nov 22, 2009 3:51pm
the lazy pattern is quite simple, here's an example http://www.forexfactory.com/showpost...&postcount=614



Quoting kapital
Thanks for the reply auxesis.

What about trading as the pattern is forming or the continuation of it?
  • #751
  • Nov 23, 2009 9:12pm Nov 23, 2009 9:12pm
It's early, but it looks promising.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #752
  • Nov 27, 2009 6:55pm Nov 27, 2009 6:55pm
i know everyone thinks they have the best trading tools, but i'm pretty sure forks are the best
........tehe
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  • #753
  • Nov 27, 2009 6:56pm Nov 27, 2009 6:56pm
E-U DAILY
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  • #754
  • Nov 27, 2009 6:57pm Nov 27, 2009 6:57pm
G-U DAILY
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  • #755
  • Nov 27, 2009 7:16pm Nov 27, 2009 7:16pm
Congratulations.... I will look more at daily ML`s, very encouraging. But often you had some excellent 20min ones too.
Be like water.
  • #756
  • Nov 29, 2009 9:17pm Nov 29, 2009 9:17pm
I have extracted the stats on the diagram below from Greg Fisher's research paper; see http://www.marketgeometry.com/forum/Fisher.pdf

Greg's findings were derived from studies of grain markets but i am confident they can be extrapolated to Fx.

I personally find these stats very useful when determining "statistically probable" exit targets.
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  • #757
  • Nov 30, 2009 12:28pm Nov 30, 2009 12:28pm
What are the sizes of your stops on your daily charts Peter E? How do you determine them? Are they the same for each pair?
  • #758
  • Nov 30, 2009 2:45pm Nov 30, 2009 2:45pm
Hi SM, personally i find stops are dependent on many factors such as current market conditions, trading style and where i managed to get filled.

But for daily charts i can use anything from just 15 to 100pips. But as a general rule traders seem to like somewhere from 50 to 100pips. So you might like to try somewhere in that range.


Quoting southernmind
What are the sizes of your stops on your daily charts Peter E? How do you determine them? Are they the same for each pair?
  • #759
  • Nov 30, 2009 4:24pm Nov 30, 2009 4:24pm
Quoting PeterE
I have extracted the stats on the diagram below from Greg Fisher's research paper; see http://www.marketgeometry.com/forum/Fisher.pdf

Greg's findings were derived from studies of grain markets but i am confident they can be extrapolated to Fx.

I personally find these stats very useful when determining "statistically probable" exit targets.
Thanks for pointing to this. Very helpful.
Be like water.
  • #760
  • Dec 1, 2009 12:01am Dec 1, 2009 12:01am
Hi,

I don't know if anyone got a chance to play around with MT5 yet but it has a much better pitchfork tool then MT4.

My question is does anyone know if its possible to somehow use MT5's pitchfork in MT4?

thanks

tormo
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