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Andrews Pitchfork (Median Line)

  • #981
  • Jan 14, 2010 7:45pm Jan 14, 2010 7:45pm
thanks, yes that is clearer, although I lack experience in determining in this case whether the blue or red fork is more valid.

Thank you !

( audjpy 1H, looked at this, as a " Guru " @ FXstreet was saying buy AJ till the end of time... )
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Be like water.
  • #982
  • Jan 15, 2010 1:46am Jan 15, 2010 1:46am
Got short some gu. Whos with me?
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  • #983
  • Jan 15, 2010 2:34am Jan 15, 2010 2:34am
does look like its rolling, but will it back and forth for a few hours, and where is my entry if i do want to short?

............and theres decent ML support on 60M.......taps fingers


Quoting big_pipin
Got short some gu. Whos with me?
  • #984
  • Jan 15, 2010 3:05am Jan 15, 2010 3:05am
i dont trade 1hr, but for sake of analysis heres what i see. Last 2 hrs we closed lower and had LL's. Momentum this hour so far has dropped off a lot from the last bar..if we cross 0 on momentum, watch for a big move down..possibly even before a cross of 0.
  • #985
  • Jan 15, 2010 11:33am Jan 15, 2010 11:33am
I was watching audjpy today, to learn more about the behaviour of confluence points and after a long struggle at 84.50 it dropped slightly. out now.

what should be more important now, the support/base further down, or the LML possibly holding it ?

This is really amazingly accurate....I wish all a good & relaxing weekend.

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Be like water.
  • #986
  • Jan 15, 2010 4:33pm Jan 15, 2010 4:33pm
Quoting msmarple
I was watching audjpy today, to learn more about the behaviour of confluence points and after a long struggle at 84.50 it dropped slightly. out now.

what should be more important now, the support/base further down, or the LML possibly holding it ?

This is really amazingly accurate....I wish all a good & relaxing weekend.

Same chart, other lines, as much accurate. Too bad i didn't trade it...

Good week-end u2.

Attached Image (click to enlarge)
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Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #987
  • Jan 15, 2010 5:13pm Jan 15, 2010 5:13pm
Hello GreatYves

Good chart. If you may, pls. lead me to the support/resistance indicator showing blue, red and yellow lines?

A great thread. I am a newbie.

I am watching EU H4... if PA showing uptrend in next 1 - 2 candles on Mon, then to take a long. Any comment?

Have a nice weekend.
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  • #988
  • Jan 15, 2010 5:56pm Jan 15, 2010 5:56pm
Quoting pj.waterloo
Hello GreatYves

Good chart. If you may, pls. lead me to the support/resistance indicator showing blue, red and yellow lines?

A great thread. I am a newbie.

I am watching EU H4... if PA showing uptrend in next 1 - 2 candles on Mon, then to take a long. Any comment?

Have a nice weekend.

The indicators are already in this thread on this post.

There is space to trade up to strong resistance at 4570 but I think Eur/Usd is heading further down after it's corrective phase.
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Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #989
  • Jan 17, 2010 6:55pm Jan 17, 2010 6:55pm
GreatYves - yes, thanks for the alternate view on audjpy. A very good way to use the zigzag lines as a kind of "guideline" for drawing the forks.

I think this needs a lot of practice but I am convinced it gives less guess-work than any purely indicator based system.

I wish everyone a good start in to the week and hopefully some more charts.....
Be like water.
  • #990
  • Jan 17, 2010 7:22pm Jan 17, 2010 7:22pm
Quoting GreatYves
The indicators are already in this thread on this post.

There is space to trade up to strong resistance at 4570 but I think Eur/Usd is heading further down after it's corrective phase.
Attachment
Hello Gyves

Thanks for the link. Wow! Those indy are rather advanced to me. Will need some times to figure out how to apply them (me - a newbie ma).

Still monitor the EU chart. Thanks for your input (BTW I can't see clear your chart - white background would be good - my 2 cents opinion)

May the pips go to you as always.
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  • #991
  • Jan 17, 2010 9:31pm Jan 17, 2010 9:31pm
Quoting msmarple
GreatYves - yes, thanks for the alternate view on audjpy. A very good way to use the zigzag lines as a kind of "guideline" for drawing the forks.

I think this needs a lot of practice but I am convinced it gives less guess-work than any purely indicator based system.

I wish everyone a good start in to the week and hopefully some more charts.....
Dear Miss Marple, personally, i prefer a fresh drawn fork on recent pivot then extending warning lines on an old fork, unless they proven very harmonical. I like ZZ as an effective way of identifying the pivots. I do not really need it but why not using it since it's easily available.

It is easy to draw fork after the fact and identify already hit'd target, the problem is to have confidence in that fresh fork we just drawn.

I still have a lot to learn, i did read some Tim Morge stuff but it confused me more then helped me. I just try to trade forks as per Andrew's own basic observation witch are:

Median Line Trading Principle 1: When a Median Line is drawn from the most recent swings the
price should return to the Median Line approximately 80 percent of the time.

Median Line Trading Principle 2: When the price returns to the Median Line there often will be a
pivot made on the Median Line.

Median Line Trading Principle 3: When the price returns to the Median Line the price often will
form several small swings around the Median Line and touch the Median Line more than
once before moving on.

The first principle is our strongest tool, once a pivot is identified, and a reversal is clearly identified, then an entry point is possible with the ML as a target as long as the risk is acceptable.

Please correct me if i am wrong.

I just took a Short position on NZDUSD, hoping to be able to hold it down to 7130's.

Happy trading week.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #992
  • Jan 18, 2010 12:47am Jan 18, 2010 12:47am
The sold off of the pair stopped right at a full standard deviation of the Catalin's Andrew's Lines. The Slider of the said Andrew's set is adjusted to a Warning Line. A good scalp trade of -50 ppts+ from the Warning Line. Take care.

Edited: Of course, depends on one's personal take, this can be a positioning trade....

Have a good one
Jeff
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~*~You are only one trade away from humility~*~
  • #993
  • Jan 18, 2010 1:22am Jan 18, 2010 1:22am
Quoting jharteam
The sold off of the pair stopped right at a full standard deviation of the Catalin's Andrew's Lines. The Slider of the said Andrew's set is adjusted to a Warning Line. A good scalp trade of -50 ppts+ from the Warning Line. Take care.

Edited: Of course, depends on one's personal take, this can be a positioning trade....

Have a good one
Jeff
Hi Jharteam

Sorry. I need your clarification (I am a newbie) on some terms being used by you as above.

Which are the lines your meant for "full standard deviation?"

What is the "Slider?"

Thank you.
  • #994
  • Jan 18, 2010 2:13am Jan 18, 2010 2:13am
Hi Senior Traders

I have an entry made based on H1. The image is H4.
As I am still new to acquire the AP-ML, I hope the drawing is correct.
All comments are welcome.
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  • #995
  • Jan 18, 2010 4:31pm Jan 18, 2010 4:31pm
good chart. today was very low volume, I think tomorrow we will see more decisions in eur.

I was thinking about Oil and cadjpy. We have higher US inventories, but jemen(afghan ) etc. could let it jump higher anytime.

No solution, standing aside......

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Be like water.
  • #996
  • Jan 18, 2010 5:08pm Jan 18, 2010 5:08pm
My trade was stop. All pairs are still directionless. I will stand aside and observe.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #997
  • Jan 18, 2010 6:31pm Jan 18, 2010 6:31pm
A Slider = Sliding Parallel
Median Line to either Upper/ Lower Median Line is 1 standard deviation. forget about that, just measure that width and project up or downward, you'll get the Warning Line.

Have a good one
Jeff


Quoting pj.waterloo
Hi Jharteam

Sorry. I need your clarification (I am a newbie) on some terms being used by you as above.

Which are the lines your meant for "full standard deviation?"

What is the "Slider?"

Thank you.
~*~You are only one trade away from humility~*~
  • #998
  • Jan 18, 2010 11:30pm Jan 18, 2010 11:30pm
Anyone like the looks of this ??

Constructive criticism welcomed.

Alpari US demo feed
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  • #999
  • Jan 19, 2010 12:03am Jan 19, 2010 12:03am
Quoting regsklongshort
Anyone like the looks of this ??

Constructive criticism welcomed.

Alpari US demo feed
I like it, thanks for bringing that one to my attention. Put it on my charts too.
  • #1,000
  • Jan 19, 2010 12:06am Jan 19, 2010 12:06am
here is one on the daily also. circles mark the points.
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