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Andrews Pitchfork (Median Line)

  • #941
  • Edited 11:55am Jan 8, 2010 5:20am | Edited 11:55am
got it..
  • #942
  • Jan 8, 2010 6:11am Jan 8, 2010 6:11am
it seems that it will test lower elips.
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  • #943
  • Jan 9, 2010 3:26pm Jan 9, 2010 3:26pm
Quoting porfirio
Hola Pedro
Yo no hablo Inglés ... así que no pude ver los videos que me indican justcatalin.
Uso Andrews porque me da seguridad y me confirma la tendencia ... Andrews sólo uso si me vuelvo loco con la red.
lo principal es la tendencia determinada en 21 o RSI MACD o EMA's.

saludos amigo.
To confirm the trend you dont need any indicator, just learn market structure and thats it.
But you can watch Tim video even if you dont know english very well im sure you can understand a lot if you are able to write in english

Catalin
  • #944
  • Jan 9, 2010 3:33pm Jan 9, 2010 3:33pm
Quoting jharteam
Thanks for the 'almost' real-time update of the said pair, Catalin. This is an interesting setup for me. In the meantime, I'm still long on Eur/Usd Daily (since 2009, Dec); This is a Schiff Andrew's. A slight different than the one you have depicted but I think we are on the same page here. Should've fine tuned my entry with the 240-min time frame though. Take care and appreciate your input.

Have a good one
Jeff
You catch a nice setup
I have a good one on eur/usd 4h time frame that i post some post ago....now im on another computer but i make the setup to show where is the entry and stop loss
Blue arrow entry and red arrow stop loss
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  • #945
  • Jan 9, 2010 6:06pm Jan 9, 2010 6:06pm
Had these two forks and their channels/Mod. Schiffs drawn for the Euro prior to the Employment figures Friday, the purple median made a nice target for me on the initial break, and you can see how the two played price for the day.

fwiw
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  • #946
  • Jan 9, 2010 10:43pm Jan 9, 2010 10:43pm
Quoting auxesis
Had these two forks and their channels/Mod. Schiffs drawn for the Euro prior to the Employment figures Friday, the purple median made a nice target for me on the initial break, and you can see how the two played price for the day.

fwiw
What charting software do you use? ensign? I cant seem to get those smaller median lines in my forks...I use esignal.
  • #947
  • Jan 10, 2010 5:41am Jan 10, 2010 5:41am
Quoting big_pipin
What charting software do you use? ensign? I cant seem to get those smaller median lines in my forks...I use esignal.
He use Metatrader
  • #948
  • Jan 10, 2010 5:57am Jan 10, 2010 5:57am
Quoting auxesis
Had these two forks and their channels/Mod. Schiffs drawn for the Euro prior to the Employment figures Friday, the purple median made a nice target for me on the initial break, and you can see how the two played price for the day.

fwiw
Very informative, thank you. As for the inner 50% Fib lines/dashed, do you use the Mt4 adapted indicator for that or do you draw them manually ? How, I am still trying to figure out all of the manual possibilities, as I think it makes a large difference in terms of experience if I actually dont just " throw them on a chart " but try to draw them myself ( although the indi is great for confirmation ).

Thanks, please keep posting.
Be like water.
  • #949
  • Jan 10, 2010 6:07am Jan 10, 2010 6:07am
Quoting big_pipin
What charting software do you use? ensign? I cant seem to get those smaller median lines in my forks...I use esignal.
Yes, he uses Metatrader. But I am sure that you should be able to use esignal. I am still reading Vol 1 of M Dologa´s " Integrated Pitchfork Analysis " and he uses esignal ( although the GET version ) in his chart examples.

I am too however struggling a bit with MT4 here, cant find a way to really accurately draw the 50% inner fib lines on my own, I have to resort to the MT4 indicator - which is great, but " ready-made "...

Look in your esignal manual, I think Scrutch has even posted esignal properties or options, should be somewhere thereabouts. Good luck !
Be like water.
  • #950
  • Jan 10, 2010 7:47am Jan 10, 2010 7:47am
I use MT4 for charting, the inner lines are hand drawn, I do not know of a good median line drawing tool for MT4. Ninjatrader another free program has a good fork tool, that can be changed from schiff, modified or traditional with the click of your mouse, in addition to 8 different warning or inner lines being added by default if you wish.

Ive just used metatrader for so long, old dog new tricks sort of thing.
  • #951
  • Jan 10, 2010 8:35am Jan 10, 2010 8:35am
Quoting msmarple
Yes, he uses Metatrader. But I am sure that you should be able to use esignal. I am still reading Vol 1 of M Dologa´s " Integrated Pitchfork Analysis " and he uses esignal ( although the GET version ) in his chart examples.

I am too however struggling a bit with MT4 here, cant find a way to really accurately draw the 50% inner fib lines on my own, I have to resort to the MT4 indicator - which is great, but " ready-made "...

Look in your esignal manual, I think Scrutch has even posted esignal properties or options, should be somewhere thereabouts....
I dont like that book on forks. He has sooo much crap on his charts you cant make sense on any of it. I ordered it online so i couldnt read it before buying it.

What do you think about it?
  • #952
  • Jan 10, 2010 9:32am Jan 10, 2010 9:32am
Quoting big_pipin
I dont like that book on forks. He has sooo much crap on his charts you cant make sense on any of it. I ordered it online so i couldnt read it before buying it.

What do you think about it?
I agree with you. His book is a classic example of how to make a simple method complicated.

Here are some of his charts
http://www.pitchforktrader.com/archives.html
http://www.pitchforktrader.com/charts.html

compare that with Timothy's material
http://medianline.com/archivedupdates.html
http://www.trading-naked.com/AndrewsPitchfork.htm


TAQ
  • #953
  • Jan 10, 2010 11:36am Jan 10, 2010 11:36am
Quoting big_pipin
I dont like that book on forks. He has sooo much crap on his charts you cant make sense on any of it. I ordered it online so i couldnt read it before buying it.

What do you think about it?
Well, I am deeply impressed. But so am I with Tim Morge´s approach. I think it`s too simple to just emotionally respond with an " either - or " polarity, it is just different and both are great teachers and traders. At the moment I could imagine that in real-time trading Tim´s way is more helpful and practical. You can observe however that in his videos he draws possible scenarios inside the ML and the UML and LML, which seemed to me suddenly based on his experience of price moving inside the fork. To measure these moves or waves with Elliott, Fibonacci etc. makes sense. However, maybe a) it is not necessary and b) impractical in short-term trading.
We have to ask Taq, justcatalin, Scrutch and the others what their experiences are.

Good luck !
Be like water.
  • #954
  • Jan 10, 2010 1:28pm Jan 10, 2010 1:28pm
Justcatlin, if you don't mind, can you please explain how you draw your Catlin Forks? Thanks.
  • #955
  • Jan 10, 2010 3:35pm Jan 10, 2010 3:35pm
Just my $.02 thrown in here,

Don't get caught into the trap of making the fork/median sets more than they are, which is just a tool. The tools ability to perform and the attachments needed, vary according to the user.

Often times we look at the tool as being the crystal ball, as price must respect the tool and it's signals ....... that's exactly opposite from the truth, as price itself is the leading indicator without a known outcome.

The more simplistic the tool the easier it is to apply to the charts.

The best example I can give is lessons learned in youth working as a apprentice carpenter, and watching the owner of the company, 30+ years experience, drive 16 penny nails with two swings of a hammer. The hammer albeit a tool, became more, an extension of himself, not thinking, just doing.

The same applies to the charts, Morge's signature reads, know thy tool, know thyself. When the indicator becomes yours, knowing it, when to use it and how - and not because someone else said this or that - then you will see it's value.

fwiw.
  • #956
  • Jan 10, 2010 5:35pm Jan 10, 2010 5:35pm
Very well put Auxesis, with the proper usage of 'this' tool, to me, the Andrew's Lines will actually show us how price actions are being controlled. Take care.

Have a good one
Jeff


Quoting auxesis
Just my $.02 thrown in here,

Don't get caught into the trap of making the fork/median sets more than they are, which is just a tool. The tools ability to perform and the attachments needed, vary according to the user....
~*~You are only one trade away from humility~*~
  • #957
  • Jan 10, 2010 5:38pm Jan 10, 2010 5:38pm
SM:

This thread isn't as lengthy as others, reading through them will assist you in understanding more of this tool and the Catalin. All the same, here's an example of how Catalin Fork is drawn. This is 240-min Usd/Jpy and the .gif is self-explanatory. Take care.

Have a good one
Jeff

Quoting southernmind
Justcatlin, if you don't mind, can you please explain how you draw your Catlin Forks? Thanks.
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~*~You are only one trade away from humility~*~
  • #958
  • Jan 11, 2010 1:45am Jan 11, 2010 1:45am
Quoting auxesis
Just my $.02 thrown in here,

Don't get caught into the trap of making the fork/median sets more than they are, which is just a tool. The tools ability to perform and the attachments needed, vary according to the user....
Much appreciated, I understand....;-)
Be like water.
  • #959
  • Jan 11, 2010 3:34am Jan 11, 2010 3:34am
I think eu has either topped out soon or maybe 1.4550 resistance ?
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Be like water.
  • #960
  • Jan 11, 2010 4:21am Jan 11, 2010 4:21am
Just got an entry on usd/jpy4h chart
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