LOWER SLIDING PARALLEL: Twas on my radar but never became a locked target.
Manage your risk accordingly and you're half done your home work.
- #1,362
- Mar 2, 2010 7:52am Mar 2, 2010 7:52am
- Joined Jan 2009 | Status: Trader | 1,617 Posts
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
- #1,363
- Mar 2, 2010 8:06am Mar 2, 2010 8:06am
- Joined Jan 2009 | Status: Trader | 1,617 Posts
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
- #1,366
- Mar 3, 2010 12:18am Mar 3, 2010 12:18am
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
for you guys that have all these warning lines, does ensign draw these automaticly or do you huys draw them manually?
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we talked about the markets being geometric, has anyone ever traded GANN angles or at least looked at it?... Ive never traded gann, but the tool does seem to hold some weight.
big
I don`t know much about Gann. But ScottyB at the thread " Trading without indicators " suggested once to experiment with a Gann grid. Just connecting the high with a lower high. And I must say that these grid lines serve 2 purposes very well :a) I see a preconfigured structure of parallel lines ( check against my own manual line drawing ) and price very often respects those lines. b) if you draw horizontal lines at the 50% level of the " diamond " forms, you will see that they often seem to be very precise and objective support and resistance lines ( ScottyB´s idea ). Hope that helps.
Be like water.
- #1,369
- Edited 10:26pm Mar 3, 2010 10:25pm | Edited 10:26pm
- Joined Oct 2008 | Status: Just be the witness. | 1,089 Posts
Hey buddy, be4 a trading i usually do this maybe it will help your eyes. I open a blank chart the chart that i didnt draw any thing in it. zoom out and look at the over all picture for 15-20 mins, thats help train your eyes to see more and more. Then draw as Shawn said where the " big elephant " critiacal point. after that draw some simple line then go from there, dont draw too many lines if will effect ur eyes and your brain wont capture all the infos. Find the line that caught a nice frequency and beat it to dead. Hope that help al so here is...
I like the video.
Be like water.
- #1,371
- Mar 4, 2010 7:16am Mar 4, 2010 7:16am
- | Joined May 2009 | Status: Sucessful Praying FxTrader2Investor | 343 Posts
Learning, Fom the Basic Andrews'... How about applying it to the account Equity curve, if trading a basket of currencies for example. Any thoughts? Welcome.
For now may I add this, it helped me, hope it does another:
Information on drawing the basic Andrews’ Pitch Fork: Dr. Andrews assumed that price action will return to the middle Line or Median line about 80% of the time. Once it reaches the center line it will either break through or head to the outer line then reverse, or it will reverse at the center line and head back to the outer line. The Pitchfork trading indicator is very versatile and can be used in various ways.
The Pitchfork uses 3 lines on the chart that represent a farmers pitchfork. The upper and lower lines form channels of support and resistance. The pitchfork is a good indicator for monitoring the overall trend and indentifying smaller trend reversals.
Pitchfork Application.
The first step is to identify an extreme high or low on the chart. The Pitchfork uses 3 points on the chart to plot support and resistance lines. The first point at the extreme peak or trough will be our pivot and we will label this point A. The next 2 peaks and troughs in the market will form the neck line which we will label these points B and C. { NB the foregoing was all borroed of the net}
The good thing about the Market, what I loose may affect you, but
What I win will not reduce yours or anyone esle's. Thanks for the
hospitality.
Bless
For now may I add this, it helped me, hope it does another:
Information on drawing the basic Andrews’ Pitch Fork: Dr. Andrews assumed that price action will return to the middle Line or Median line about 80% of the time. Once it reaches the center line it will either break through or head to the outer line then reverse, or it will reverse at the center line and head back to the outer line. The Pitchfork trading indicator is very versatile and can be used in various ways.
The Pitchfork uses 3 lines on the chart that represent a farmers pitchfork. The upper and lower lines form channels of support and resistance. The pitchfork is a good indicator for monitoring the overall trend and indentifying smaller trend reversals.
Pitchfork Application.
The first step is to identify an extreme high or low on the chart. The Pitchfork uses 3 points on the chart to plot support and resistance lines. The first point at the extreme peak or trough will be our pivot and we will label this point A. The next 2 peaks and troughs in the market will form the neck line which we will label these points B and C. { NB the foregoing was all borroed of the net}
The good thing about the Market, what I loose may affect you, but
What I win will not reduce yours or anyone esle's. Thanks for the
hospitality.
Bless
- #1,373
- Mar 4, 2010 11:57am Mar 4, 2010 11:57am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,374
- Mar 4, 2010 11:01pm Mar 4, 2010 11:01pm
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,376
- Mar 5, 2010 1:36am Mar 5, 2010 1:36am
- | Joined May 2009 | Status: Sucessful Praying FxTrader2Investor | 343 Posts
for all of you who want to see how to draw median line from metatrader and how to use http://www.youtube.com/watch?v=VTtqsmCqMhQ
Please rate the video if was usefull for you
bless you for sharing this!! I have an excelelent rating herefor.
Bless
- #1,378
- Mar 5, 2010 4:39am Mar 5, 2010 4:39am
A slow grind retracement...major trend is still down. 
eaglestar...if you're going to upgrade later, then you can use the Forex data feed that Ensign offers for their users...free.
eaglestar...if you're going to upgrade later, then you can use the Forex data feed that Ensign offers for their users...free.
I was thinking of switching broker feeds before i start learning ensign. What broker do you use Scrutch? I watched a video on marketgeometry where it talked about how it is good to have a consolidated interbank feed so will upgrade soon.
Listen to the whispers....
You may learn something
- #1,379
- Mar 5, 2010 6:13am Mar 5, 2010 6:13am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
