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Andrews Pitchfork (Median Line)

  • #1,181
  • Feb 9, 2010 5:53am Feb 9, 2010 5:53am
See soon we shall on (potential) test of upper median line.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,182
  • Feb 9, 2010 7:57am Feb 9, 2010 7:57am
oK GUYS Today i want to show u a well working fork and it work for a long time. Also if u look at the chart closely u will see how these lines working amazing. i will write more if i have time. maybe after im back from the gym. im currently long at the green arrow, but i think i will close my trade, stay aside and wait for another oppertunity to get long. Happy trading
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  • #1,183
  • Feb 9, 2010 8:46am Feb 9, 2010 8:46am
Euro seems to be strong this morning with the lack of news and rumors all around speculating on the Greece situation, while the penetration of the .382 retrace of the last bear run seems to be suggesting continuation north to the .50 back around .3800.

Watch the current possible down set and it's schiff for possible resistance and an opportunity for another short continuation.
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  • #1,184
  • Feb 9, 2010 8:53am Feb 9, 2010 8:53am
here is my point of view in Eur, when i trade i tend not to predict where the market gonna go i intend try to follow where it going instead of trying to pick bottom or top. Ok Eur making HH and HL, i need a swing low or 2 of them got break to draw in a down fork but in my chart i have a down long fork i draw in long time ago. Hope u find something in my chart.
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  • #1,185
  • Feb 9, 2010 9:01am Feb 9, 2010 9:01am
Quoting nguyennguyen
here is my point of view in Eur, when i trade i tend not to predict where the market gonna go i intend try to follow where it going instead of trying to pick bottom or top. Ok Eur making HH and HL, i need a swing low or 2 of them got break to draw in a down fork but in my chart i have a down long fork i draw in long time ago. Hope u find something in my chart.
Jmho, Euro's current correction is making higher highs and higher lows, But on the higher time frame, 60, 240 mins tis' making lower lows and lower highs. I am currently trading north, but I like to draw out the possibilities in advance specially when I'm swiming up stream possibily into a resisting higher time frame median line.

I'm not advocating taking the short yet, just beware of the possibility. If and when the south continuation kicks in, it might not give much of a second opportunity to catch a good entry.

regards,
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  • #1,186
  • Feb 9, 2010 9:17am Feb 9, 2010 9:17am
Quoting auxesis
Jmho, Euro's current correction is making higher highs and higher lows, But on the higher time frame, 60, 240 mins tis' making lower lows and lower highs. I am currently trading north, but I like to draw out the possibilities in advance specially when I'm swiming up stream possibily into a resisting higher time frame median line.

I'm not advocating taking the short yet, just beware of the possibility. If and when the south continuation kicks in, it might not give much of a second oppertunity to get in.

regards,
Well sorry then, u know what u doing. well lets me post a chart in higher timeframe as well maybe. but im trading 20 mins so all my decision is in 20 chart, i dont mix between timeframe. But i maybe u with u is waiting for short in 240 timeframe Hehe. Happy trading bro.
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  • #1,187
  • Feb 9, 2010 9:22am Feb 9, 2010 9:22am
Nguyen you dont think your fork are too steep. maybe can be interesting to draw a schiff fork ??
  • #1,188
  • Feb 9, 2010 9:27am Feb 9, 2010 9:27am
Quoting bizard
Nguyen you dont think your fork are too steep. maybe can be interesting to draw a schiff fork ??
u talking the daily chart ?. we could draw in the modified schiff but i tend to go with regular because i dont really like the tail in the yellow fork. my personal way of looking at forks. everyone have a different point of view about forks. use the one that u like (like Tims said does matter the fork, it matter is u draw it in but no trade still a waste.) Happpy trading
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  • #1,189
  • Feb 9, 2010 10:18am Feb 9, 2010 10:18am
Quoting jharteam
...Trying hard to change polarity to the upside since last night. Take care.

Have a good one
Jeff
Jhar, here is one of your patterns in a PF, but for the moment I have ceased to trade these as they are mostly countertrend.

Nguyen and auxesis what amazing charts, I have to study them whole evening tonight.

I hope some particiapted in the eurusd run up, but I was out after some positive pips, nothing great.

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Be like water.
  • #1,190
  • Feb 9, 2010 11:13am Feb 9, 2010 11:13am
I just take this trade lets see how works
Small risk
Also look at USD CHF 4 hour timeframe maybe we get something, watch my video from today after i upload

Catalin
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  • #1,191
  • Feb 9, 2010 12:17pm Feb 9, 2010 12:17pm
Quoting justcatalin
I just take this trade lets see how works
Small risk
Also look at USD CHF 4 hour timeframe maybe we get something, watch my video from today after i upload

Catalin
i was a way from my comp so i didnt catch this but i maybe give it a try if it comeback down and get me but i see that we make to the up side with less and less effectively tho. Great trade good day man ( oh Catalin are we still do the MT4 on Saturday ?).
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  • #1,192
  • Feb 9, 2010 12:30pm Feb 9, 2010 12:30pm
Quoting nguyennguyen
i was a way from my comp so i didnt catch this but i maybe give it a try if it comeback down and get me but i see that we make to the up side with less and less effectively tho. Great trade good day man ( oh Catalin are we still do the MT4 on Saturday ?).
Yes we still on MT4 Saturday and also some good news for all of you who will come on session
Catalin
  • #1,193
  • Feb 9, 2010 12:34pm Feb 9, 2010 12:34pm
Quoting justcatalin
Yes we still on MT4 Saturday and also some good news for all of you who will come on session
Catalin
Cool Catalin. Will be there .
  • #1,194
  • Feb 9, 2010 12:36pm Feb 9, 2010 12:36pm
Here the Aud i just take. Maybe it is a zoom and restest trade.
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  • #1,195
  • Feb 9, 2010 2:30pm Feb 9, 2010 2:30pm
...
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,196
  • Feb 9, 2010 2:36pm Feb 9, 2010 2:36pm
Quoting kapital
See soon we shall on (potential) test of upper median line.

I ditched the previous setup; currently monitoring this one.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,197
  • Feb 9, 2010 11:10pm Feb 9, 2010 11:10pm
Quoting auxesis
Triple inside day $/Y, trade the correction continuation, or break south with a schiff.

fwiw,
dang auxesis if you can draw that way and make money i have a few things to learn from you
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,198
  • Feb 9, 2010 11:21pm Feb 9, 2010 11:21pm
Any body short the Eur and chf i been waiting for this but i have something at school when i got home i missed the dang move. Maybe i try to get in later. Happy trading to all.
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  • #1,199
  • Feb 9, 2010 11:36pm Feb 9, 2010 11:36pm
Yen follow up.

Yen has paralleled the Dollar in the Euro risk movements the last few days.

The channel that has held the Yen movements is still going, but there's the possibility that we may be seeing the next move south on the Yen. She's currently pulling back to the bottom of the channel, need to see PA as it gets there.

If the Euro is seeing fresh selling tonight, we may see the Yen break south as well, but a word of caution. We are at intervention levels from the Japanese Government. Any serious dips, will bring them out as they prefer levels above 90.

Play the charts accordingly

fwiw,
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  • #1,200
  • Feb 9, 2010 11:54pm Feb 9, 2010 11:54pm
Euro I've been scalping south, as I was very cautious after today's knee jerks. She briefly worked back against the median, but no real retest entry given.

We are approaching the area where she exploded earlier today on the news that Greece may have a solution for their debt problem. The top came right after when a German official said the news was false, and she tanked 60 pips in the blink of an eye. Since then it's a nice slow drift south, but as today has shown, it's a thin market at the moment and wild swings are possible at any minute, so protect yourself.

Personally I'm stepping aside on this pair for the moment. Looking south from a pull back and positive PA on the upper brown median, or continued scalping the smaller time frames south once we get through the channel and area from today's launch.

regards
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