Attachments: Andrews Pitchfork (Median Line)

Andrews Pitchfork (Median Line)

#1,341
Feb 24, 2010 11:02pm Feb 24, 2010 11:02pm

fxpip8
| Joined Feb 2009 | Status: Trader | 73 Posts

hello traders

can i say AP/ML is similar to the concept of "equidistant channel?"
it just short of the middle line.
pls. comment. thanks.

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#1,342
Edited 1:27am Feb 25, 2010 1:16am | Edited 1:27am

Satni
| Commercial User | Joined Feb 2008 | 377 Posts

Quoting fxpip8

Disliked

hello traders

can i say AP/ML is similar to the concept of "equidistant channel?"
it just short of the middle line.
pls. comment. thanks.

Ignored

The strength of this Median Line Trading or Pitchfork is the Middle Line,

If you short of Median Line, its just another channel tool,and not within the Forker Club.

But once you got the Median Line, you still can make use of this Equidistance Tool to draw

Action and Reactions lines, Warning Lines etc.

Maybe some brighter guys here, could share some knowledge.

Just my 2 sens...

p/s maybe we all are one week behind in this knowlegde, but will catch 'em all.

#1,343
Feb 25, 2010 9:44am Feb 25, 2010 9:44am

orji
| Joined Dec 2009 | Status: Trader | 6 Posts

Please i am new in forex but i have been following your topic on Andrews Pitchfork Median Line. Please need the indicator, i will be very grateful if any one can give me the line indicator.
Please do not mind my english.

Quoting caveman

Disliked

Hi all,

Like to share this indicator with all Andrew's median line practitioners. Scrutch was the one who asked me to code an improvement to MT4 pitchfork tool more than 6 months ago. With his help, it is now finally completed.

I have been using Andrew's Median Lines (AML) for quite a while now in my trading and have found them to be very accurate and has helped me tremendously in my trading. It is with sincere hope that this indicator will help you in your trading using Andrew's median lines.

The indicator is designed with ease of use in...

Ignored

#1,344
Feb 25, 2010 11:01am Feb 25, 2010 11:01am

Scrutch
| Joined Dec 2008 | Status: Get rich slowly... | 653 Posts

If you click on the blue arrow following caveman, that was in your post or the one below, then scroll to the bottom of his post...the files are available for download there, both the source code and the compiled code. Save both files in your indicator directory and restart MetaTrader.

Quoting orji

Disliked

Please i am new in forex but i have been following your topic on Andrews Pitchfork Median Line. Please need the indicator, i will be very grateful if any one can give me the line indicator.
Please do not mind my english.

Ignored

Quoting caveman

Disliked

...

Ignored

Listen to the whispers.... You may learn something

#1,345
Feb 25, 2010 2:16pm Feb 25, 2010 2:16pm

big_pipin
| Joined Apr 2008 | Status: Trader | 1,231 Posts

got a new fork in the works for usd/jpy on 4hr. Nice forks on daily too.

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#1,346
Feb 25, 2010 2:33pm Feb 25, 2010 2:33pm

auxesis
Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts

Quoting fxpip8

Disliked

hello traders

can i say AP/ML is similar to the concept of "equidistant channel?"
it just short of the middle line.
pls. comment. thanks.

Ignored

Equidistant or Fib channels draw the Schiff off 3 alternate pivots where the angle of the pitchfork/median set is drawn from bisecting the 2 and 3 points, or p1,p2.

Hope that makes sense.

#1,347
Feb 25, 2010 2:46pm Feb 25, 2010 2:46pm

auxesis
Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts

Quoting caveman

Disliked

Hi all,

Like to share this indicator with all Andrew's median line practitioners. Scrutch was the one who asked me to code an improvement to MT4 pitchfork tool more than 6 months ago. With his help, it is now finally completed.

Ignored

Thank you!.

a

#1,348
Edited 3:13pm Feb 25, 2010 2:50pm | Edited 3:13pm

auxesis
Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts

Quoting big_pipin

Disliked

got a new fork in the works for usd/jpy on 4hr. Nice forks on daily too.

Ignored

Got the same one, notice the prior high played off the reaction line, median with the .886, see what happens.

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#1,349
Feb 26, 2010 8:11am Feb 26, 2010 8:11am

jharteam
| Joined Jul 2007 | Status: Harmonics & Market Geometry | 784 Posts

Re: Gbp/Usd 15-Min GMT 02:12pm. Take care

Jeff

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~*~You are only one trade away from humility~*~

#1,350
Feb 26, 2010 8:35am Feb 26, 2010 8:35am

kapital
Joined Jan 2009 | Status: Trader | 1,617 Posts

Quoting jharteam

Disliked

Based on the chart posted, it was obvious to me that was a long trade; with several entry longs when price actions met support on the warning line. Not necessarily I need to give out real time trades here. I'm just here to share my thoughts and the way I trade. But in this case, I went long. Take care.

Have a good one
Jeff

Ignored

Thanks for the response Jeff.

Question: With all of those warning lines on your charts, how do you decide when they are no longer of any use. Why do you not consider there are new warning lines which can be drawn after so much price action?

"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."

#1,351
Edited 9:44am Feb 26, 2010 9:14am | Edited 9:44am

jharteam
| Joined Jul 2007 | Status: Harmonics & Market Geometry | 784 Posts

Hi Kapital:

I think Scrutch has touched on this issue a few posts back. Firstly, to me, in utilizing the Andrew's Pitchfork methodology, I have a very different opinion of 'all these lines'. A trend line is nothing more than just a trend line and there will be times of false breaks. But these are lines of vibration that are being produced out of a pitchfork. They will keep on vibrating into the future to 'influence' future price actions PERPETUALLY. (To me, they control price actions). Secondly, I did mention on a previous post that one needs first to know how to, as a first step, pick a fork that shows great vibrations on prices; and thereafter, one will have high confidence that future price actions down the road will continually 'influence' by these lines of vibrations. Now to your query as to when they are no longer valid. All I have to do is to keep on monitoring if future price actions are getting 'out of sync; with them. In the case of the Gbp/Usd, please check out the recent -700+ points drop; these Warning Lines continuously demonstrated good vibrations on prices and provided good entries for my shorts. Thirdly, I also mentioned that one can always start with a complete new fork to capitalize the down trend. Either way is valid and show great precision. Please take a look at the chart again and completely disregard of my black Warning Lines; the mere placement of the Crimson Red Down Sloping Pitchfork would have produced the same result anyway, right? I trade this way simply because I pay attention to details on market structures, patterns. These lines of vibrations will also allow me to have much more opportunities for valid entries or re-entries. Finally, the markets are totally governed by geometric structures. And the Andrew's Lines along with their Sliders and Warning Lines provide a visual guide to me. Personally, the concept of Andrew's Pitchfork must be fully understood. Now, according to my understanding, why should I bother to re-draw if I know that these 'lines' will continuously influencing price actions. I guess the only time I will consider for a re-draw when it comes the time market postures or patterns have changed. Hope I have addressed your queries. Take care.

Have a good one
Jeff

Quoting kapital

Disliked

Thanks for the response Jeff.

Question: With all of those warning lines on your charts, how do you decide when they are no longer of any use. Why do you not consider there are new warning lines which can be drawn after so much price action?

Ignored

~*~You are only one trade away from humility~*~

#1,352
Feb 26, 2010 3:26pm Feb 26, 2010 3:26pm

big_pipin
| Joined Apr 2008 | Status: Trader | 1,231 Posts

I'm still somewhat struggling with forks, but here is a graphical example of what I think JH is saying...the market is geometric, and so price should respect the lines and shapes drawn...here are two examples of one where the market is in sync as it bounces and respects the many s/r lines, and the other is out of sync as it moves more randomly.

---

Now to JH, and other experienced forkers, I'm still having trouble with my timing of my trades. I use fibs to help aid in my trading decisions, but I'd like to get rid of them at some point when trading forks..

my question.

1. Is taking a position off the first test of a fork, an ok thing to do, or do we need to see that the fork lines, and median are respected first before taking a trade on that fork?

2. If the answer to Q.1 is "yes" then how do we know exactly where and when to take the trade? because more than on fork can be drawn for any one particaulr trend

3. If price is trading inside an up-ward fork, do you ever trade against the direction of the fork?

I'll come up with more questions later, but thanks in advance for any help.

Big

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#1,353
Feb 26, 2010 4:51pm Feb 26, 2010 4:51pm

jharteam
| Joined Jul 2007 | Status: Harmonics & Market Geometry | 784 Posts

Hi Big:

Please see my reply below.

Have a good one
Jeff

Quoting big_pipin

Disliked

I'm still somewhat struggling with forks, but here is a graphical example of what I think JH is saying...the market is geometric, and so price should respect the lines and shapes drawn...here are two examples of one where the market is in sync as it bounces and respects the many s/r lines, and the other is out of sync as it moves more randomly.

---

Now to JH, and other experienced forkers, I'm still having trouble with my timing of my trades. I use fibs to help aid in my trading decisions, but I'd like to get rid of them at some point when trading...

Ignored

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~*~You are only one trade away from humility~*~

#1,354
Edited 5:15pm Feb 26, 2010 5:02pm | Edited 5:15pm

jharteam
| Joined Jul 2007 | Status: Harmonics & Market Geometry | 784 Posts

1. Is taking a position off the first test of a fork, an ok thing to do, or do we need to see that the fork lines, and median are respected first before taking a trade on that fork?

No, it's not an ok thing to do. Pattern and structures have to take into consideration prior to trade entries.

2. If the answer to Q.1 is "yes" then how do we know exactly where and when to take the trade? because more than on fork can be drawn for any one particaulr trend

You MUST have an opinion or directional bias of the market, right? If not, how do we know whether we should take the long side or the short side of the market? There might be more than one fork we are dealing with at any moment but the 'other' fork and its sliders and Warning Lines will be used as support or resistance to go for the trend in question. You will know exactly where and when to trigger a trade when a pattern has completely been resolved. I rely heavily on Elliott Wave, Patterns and Structure of the market. To make life a bit easier, you may use a simple trend line break method to trigger an entry.

3. If price is trading inside an up-ward fork, do you ever trade against the direction of the fork?

Of course, I do. But not on the 1-min or 5-min time frames. This is somewhat 'unorthodox' as Tim Morge always reminds us not to trade against a fork. But if we are dealing with larger intra-day time frames; there are enough rooms to 'maneuver' for a counter fork trade.

Quoting big_pipin

Disliked

I'm still somewhat struggling with forks, but here is a graphical example of what I think JH is saying...the market is geometric, and so price should respect the lines and shapes drawn...here are two examples of one where the market is in sync as it bounces and respects the many s/r lines, and the other is out of sync as it moves more randomly.

---

Now to JH, and other experienced forkers, I'm still having trouble with my timing of my trades. I use fibs to help aid in my trading decisions, but I'd like to get rid of them at some point when trading...

Ignored

~*~You are only one trade away from humility~*~

#1,355
Mar 1, 2010 1:58am Mar 1, 2010 1:58am

msmarple
Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts

Thanks big_pipin and jhar, all those questions have been bothering me too - it was a real eye-opener when jhar pointed me to the still valid lines on his GU chart.

Lots of pips this week to all !

Be like water.

#1,356
Mar 1, 2010 12:16pm Mar 1, 2010 12:16pm

msmarple
Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts

Still trying to make sense out of usdchf - but inspired by catalin I like watching 4 hr charts and forks today. They are so much more clear, but to wait the whole day for movements.....

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