Andrews Pitchfork (Median Line) | Page 40 | 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)

  • #781
  • Edited 7:29pm Dec 14, 2009 7:01pm | Edited 7:29pm
What I did was to start my P0 anchor on the 11-27 low time line. After setting the P1 and P2 anchors I just kept pulling P0 straight upwards until price showed a lot of respect for the ML...this is called an alternate P0 formation.
What we are both doing here kapital, is drawing action/reaction lines and that's considered to be advanced. The major thing we are all looking for is support/resistance and we both have that.
Quoting kapital
Yes Gt3rs, I'm aware that my drawing isn't the standard pitchfork. However the basic principles still apply. Just another knife to have in the drawer.
Edit: Please don't misconsture the above to mean that this is the correct way to draw action/reaction lines...they are different and are drawn differently.
Attached Image (click to enlarge)
Click to Enlarge Name: EU-12-14-09_30m_pm.jpg Size: 371 KB
Listen to the whispers.... You may learn something
  • #782
  • Dec 14, 2009 7:09pm Dec 14, 2009 7:09pm
Tim Morge has the best site for free stuf and it's better than most sites you have to pay $'s for. http://www.medianline.com/

NQoos has a free site with a lot of stuffins as well. http://www.trading-naked.com/AndrewsPitchfork.htm

Quoting big_pipin
What are some great books/ websites to learn forks?
Stock and commodities is what they were developed on
Quoting big_pipin
has anyone traded forks on stocks?..does it work just as well?
Listen to the whispers.... You may learn something
  • #783
  • Dec 14, 2009 7:18pm Dec 14, 2009 7:18pm
Ive been trading stocks many years, and forks are seldom talked about. At least on this board www.elitetrader.com . Even fibs are some what rare.
  • #784
  • Dec 14, 2009 7:38pm Dec 14, 2009 7:38pm
Welcome to the small world of Andrews supporters. Most don't talk about them because they either don't understand them, don't know about them or just don't care. The small amount of discussion of Andrews lines has always amazed me as well...go figure. Kind of surprising that fibs aren't talked about as well...?

Quoting big_pipin
Ive been trading stocks many years, and forks are seldom talked about. At least on this board www.elitetrader.com . Even fibs are some what rare.
Listen to the whispers.... You may learn something
  • #785
  • Dec 14, 2009 8:19pm Dec 14, 2009 8:19pm
The only problem i have with forks is that by the time you get a valid fork, its usually at the point of failure because the markets either at one extreme or the other.

To combat this, one needs to have more than one fork, which complicates the matter.
  • #786
  • Dec 14, 2009 10:02pm Dec 14, 2009 10:02pm
I have a question about schif forks and modified schif forks.....when do you know when to use them BEFORE it becomes obvious?

And on post #9, on your chart, your median line at the bottom there is just floating in space..it's not touching any particular candle...

http://www.forexfactory.com/showpost...14&postcount=9
  • #787
  • Dec 14, 2009 10:19pm Dec 14, 2009 10:19pm
The point of failure is were the rubber meets the asphalt...
That's the point to either exit or enter, if you can spot the direction.

Quoting big_pipin
The only problem i have with forks is that by the time you get a valid fork, its usually at the point of failure because the markets either at one extreme or the other.
I took a long about about three hours ago in UJ...I've got two formations drawn for this and only showing the lines that are important to me for this trade at this moment. I will add or delete lines as the trade progresses. There is an energy point I'm watching that's about two hours out, not sure I'm going to last that long as I'm about to call it a day. As I post this the trade is +11.5 and I'm trailing a stop just below the white line on the close of each bar.
This is about as close as it gets to watching paint dry or grass grow...

Quoting big_pipin
To combat this, one needs to have more than one fork, which complicates the matter.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ-12-14-09-15m.jpg Size: 282 KB
Listen to the whispers.... You may learn something
  • #788
  • Dec 14, 2009 10:44pm Dec 14, 2009 10:44pm
Here's a M15 EU chart I was watching this afternoon...when price first penetrated the LML (black) it was more or less orderly and continued upwards for about three hours. Then we get a push to the downside, and around the 1.4649 level is where I started using the Schiff formation (cyan). As you can see, the schiff held the move for the present time.
You can either draw a new formation or rotate the original, I prefer to leave the original.

Quoting big_pipin
I have a question about schif forks and modified schif forks.....when do you know when to use them BEFORE it becomes obvious?
Attached Image (click to enlarge)
Click to Enlarge Name: EU-12-14-09_15m.jpg Size: 430 KB
Listen to the whispers.... You may learn something
  • #789
  • Dec 14, 2009 11:04pm Dec 14, 2009 11:04pm
Exit 50% at +30ish and locked the rest at +12ish. Trailing stop in place and I'm going to take a nap.

Quoting Scrutch
I took a long about about three hours ago in UJ...
Listen to the whispers.... You may learn something
  • #790
  • Dec 14, 2009 11:39pm Dec 14, 2009 11:39pm
If any of you trade stocks or can look at GME, this one was pretty interesting. I found 3 forks within a larger weekly fork.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gmefork1.jpg Size: 277 KB
Click to Enlarge Name: gmefork2.jpg Size: 217 KB
  • #791
  • Dec 14, 2009 11:45pm Dec 14, 2009 11:45pm
My beginners chart told me to get long on cadjpy, maybe some more room to go.... I find it difficult to determine sometimes which pivots are the major ones to watch/draw from....but I guess that comes from experience.

Good trading to all.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpydec15@0539gmt.jpg Size: 145 KB
Be like water.
  • #792
  • Dec 15, 2009 1:20am Dec 15, 2009 1:20am
Quoting Scrutch
Here's a M15 EU chart I was watching this afternoon...when price first penetrated the LML (black) it was more or less orderly and continued upwards for about three hours. Then we get a push to the downside, and around the 1.4649 level is where I started using the Schiff formation (cyan). As you can see, the schiff held the move for the present time.
You can either draw a new formation or rotate the original, I prefer to leave the original.
Just saw your post on EU. Great, thank you. I was watching those moves around 1.4650 and started experimenting as nothing was decisive for a long time ( and the initial up move was in the middle of the night for me / Europe ).
Be like water.
  • #793
  • Dec 15, 2009 2:40am Dec 15, 2009 2:40am
If it does find a base soon I see a rebound up to the blue line as target. My practice charts, if at all only very small position, today short audusd.....but I got out too early, should have used a trailing stop.
Attached Image (click to enlarge)
Click to Enlarge Name: goldh4dec15@0835gmt.jpg Size: 223 KB
Be like water.
  • #794
  • Dec 15, 2009 10:00am Dec 15, 2009 10:00am
Just a thought...I don't trade this pair so am not familar with it price action. You might want to take a look at a Catalin formation.

Quoting msmarple
My beginners chart told me to get long on cadjpy, maybe some more room to go.... I find it difficult to determine sometimes which pivots are the major ones to watch/draw from....but I guess that comes from experience.
Good trading to all.
Attached Image (click to enlarge)
Click to Enlarge Name: CJ-12-15-09-1h.jpg Size: 250 KB
Listen to the whispers.... You may learn something
  • #795
  • Dec 15, 2009 11:53am Dec 15, 2009 11:53am
According to the post on # 17 http://www.forexfactory.com/showpost...7&postcount=17

does this schif fork for BA on a weekly look correct?

Sorry im posting stocks instead of fx charts, but this is the only real source where i can get help on this topic. Hope others dont mind.

Thank you
  • #796
  • Dec 15, 2009 11:54am Dec 15, 2009 11:54am
BA
Attached Image (click to enlarge)
Click to Enlarge Name: ba_weekly.jpg Size: 276 KB
  • #797
  • Dec 15, 2009 11:56am Dec 15, 2009 11:56am
Quoting Scrutch
Just a thought...I don't trade this pair so am not familar with it price action. You might want to take a look at a Catalin formation.
Yes, thanks !
Be like water.
  • #798
  • Dec 15, 2009 12:24pm Dec 15, 2009 12:24pm
Hi all
If anyone want more info from Tim i think everyone know about Median Line but here you have lot of free video from Tim, if you register as a free member on member page you have all the free video archive.
Is good to watch and i hope will be helpful for everyone.
Catalin
  • #799
  • Dec 15, 2009 1:17pm Dec 15, 2009 1:17pm
No...it does not look right. It's close to a Catalin formation but not close to a Schiff or a 1/2 Schiff formation. There's been an ongoing discussion for years about which formation to call a Schiff or a Modified Schiff.
I take my information from the original course material for the naming of these formations. Think I went through this on this tread already.
1/2 Schiff...anchor P0 is 50% of P0~P1 price...P0 anchor is on the P0 time line at (P0+P1 price) /2. This is the Jerome Schiff modification.
Schiff...anchor P0 is 50% price and time of P0~P1...P0 anchor is at (P0+P1 price) /2 AND (P0+P1 time) /2. This is the Dr. Alan Andrews modification.
Catalin...anchor P0 equals P2 price...P0 anchor is on the P0 time line at P2 price. This is the justcatalin modification.

Quoting big_pipin
According to the post on # 17 http://www.forexfactory.com/showpost...7&postcount=17
does this schif fork for BA on a weekly look correct?
Sorry im posting stocks instead of fx charts, but this is the only real source where i can get help on this topic. Hope others dont mind.
Thank you
Listen to the whispers.... You may learn something
  • #800
  • Dec 15, 2009 1:25pm Dec 15, 2009 1:25pm
ancor p0?...

if price reacts to the median line, then isnt the fork valid? how would you re-draw my fork you said was incorrect?
5 traders viewing now