I'm not so familiar with GU,as I'm more familiar with EU,
let's see... and Happy Trading!
http://img146.imageshack.us/img146/9459/gu1hrfork.png
- #1,704
- Edited 7:28pm Apr 30, 2010 7:16pm | Edited 7:28pm
Satni,
I'm a bit confused...why are you using a low for P0 and a lower low for P1 as anchors?
I must admit that I posted a chart like that...I had been dragging the AML around looking for a best fit, and not realizing I had moved the formation, posted an image of it, but that's certainly not the normal procedure for drawing an AML.
P0 = L ~ P1 = H ~ P2 = L
or
P0 = H ~ P1 = L ~ P2 = H
At least this is the method that Dr. Alan Andrews taught.
I understand the equation version you mentioned above.
There also an new version call "T- Pitchfork" by Dr Dologa, which also
going along Dr Andrews above equation.
I am Highlighting below same location again.
Correct me if my Pitchfork is in the wrong location, please.
Thanks a million for your comment.
p/s I do refer to all studies from Dr Alan Andrews,
Tim Morge and Dr Mircea Dologa.
http://img188.imageshack.us/img188/9640/highlowhigh.png
- #1,705
- Apr 30, 2010 7:57pm Apr 30, 2010 7:57pm
Satni,
I've looked at some of Dologa's examples and all of what I consider to be Andrews Median Lines are anchored with a HLH or a LHL. He does show a lot of channel or parallel lines that look a bit weird without any explainations...I didn't spend a lot of time reading anything, just looking. I did not find what you're referring to as a "T-Pitchfork", perhaps this one is anchored different.
On your chart example what you are referring to as a high (the first anchor) is actually a low, eight bars back or seven bars forward would be considered a high. Even though P0 is higher than P1...P0 is still a pivot low, as is P1...making the formation anchors LLH. If I haven't explained this very clearly let me know and I'll try again.
Cheers
I've looked at some of Dologa's examples and all of what I consider to be Andrews Median Lines are anchored with a HLH or a LHL. He does show a lot of channel or parallel lines that look a bit weird without any explainations...I didn't spend a lot of time reading anything, just looking. I did not find what you're referring to as a "T-Pitchfork", perhaps this one is anchored different.
On your chart example what you are referring to as a high (the first anchor) is actually a low, eight bars back or seven bars forward would be considered a high. Even though P0 is higher than P1...P0 is still a pivot low, as is P1...making the formation anchors LLH. If I haven't explained this very clearly let me know and I'll try again.
Cheers
Scrutch,
I understand the equation version you mentioned above.
There also an new version call "T- Pitchfork" by Dr Dologa, which also going along Dr Andrews above equation.
I am Highlighting below same location again.
Correct me if my Pitchfork is in the wrong location, please.
Thanks a million for your comment.
p/s I do refer to all studies from Dr Alan Andrews,
Tim Morge and Dr Mircea Dologa.
Listen to the whispers....
You may learn something
- #1,706
- Apr 30, 2010 8:24pm Apr 30, 2010 8:24pm
Satni,
Here I've drawn an example with all anchors on pivot lows...you can see that it does show several places of support and resistance. However this does not abide by the rules Dr. Andrews set forth. He was trying to project time and price into the future by bisecting the midpoint of P1~P2 with HLH or LHL anchors.
Cheers
PnS...NuB's, please don't draw AML's using this method...
Here I've drawn an example with all anchors on pivot lows...you can see that it does show several places of support and resistance. However this does not abide by the rules Dr. Andrews set forth. He was trying to project time and price into the future by bisecting the midpoint of P1~P2 with HLH or LHL anchors.
Cheers
PnS...NuB's, please don't draw AML's using this method...
Listen to the whispers....
You may learn something
- #1,708
- Edited 10:43pm Apr 30, 2010 10:24pm | Edited 10:43pm
Satni,
Here I've drawn an example with all anchors on pivot lows...you can see that it does show several places of support and resistance. However this does not abide by the rules Dr. Andrews set forth. He was trying to project time and price into the future by bisecting the midpoint of P1~P2 with HLH or LHL anchors.
Cheers
PnS...NuB's, please don't draw AML's using this method...
In your chart here, you show the locations of Low Pivots.
But there is no indication where the location PO (anchor) and P1 and P2 are.
..hehe and you did say " please dont draw AML using this method..
Its a non event answer...hehe Very funny...
- #1,709
- Apr 30, 2010 10:41pm Apr 30, 2010 10:41pm
Satni,
I've looked at some of Dologa's examples and all of what I consider to be Andrews Median Lines are anchored with a HLH or a LHL. He does show a lot of channel or parallel lines that look a bit weird without any explainations...I didn't spend a lot of time reading anything, just looking. I did not find what you're referring to as a "T-Pitchfork", perhaps this one is anchored different.
On your chart example what you are referring to as a high (the first anchor) is actually a low, eight bars back or seven bars forward would be considered...
Well, The "T-Pitchfork, Reverse Median Lines, and all those Suspended Pitchfork" and non common pitchforks, but they seriously reliable pitchfork.(Its all mentioned in the books..not in the websites)
And the nice thing about these version of pitchfork is that the PO (anchor) are NON Pivot based.
So actually, PO (anchor) will be more dynamic in nature to describe the embedded energy flow of the market when we got several options. Both
traditional pitchfork and non traditional ones. More pow wows for our trading arsenals.Unless we still choose to be traditional in our approach.
Have a good weekend!
Cheers!
- #1,710
- May 1, 2010 5:20am May 1, 2010 5:20am
Oki, I see how the P0 was determined, (maybe 
)I don't really understand why the low of that bar was used, rather than the high, open (same as the high), low or the intersection of time and price fib. I'm thinking that this is going to be way over the comprehension level of 'most' particapants of this thread. Having not read any of Dologa's books I just can't get a grasp on this.
I did find a couple of examples of the T-Pitchfork you mentioned and it's not complicated, at least I don't think it is. He's using the mid point of P0~P2 price and time for the P0 anchor. Similar to what Catalin uses, except he uses P0 time at the P2 price level for his anchor.
Appears to me that Dologa uses a lot of non pivot based formations.
It's a bit after 4:00am here and I've been looking this over since about 1:30am...
Scrutch,
Well, The "T-Pitchfork, Reverse Median Lines, and all those Suspended Pitchfork" and non common pitchforks, but they seriously reliable pitchfork.(Its all mentioned in the books..not in the websites)
And the nice thing about these version of pitchfork is that the PO (anchor) are NON Pivot based.
So actually, PO (anchor) will be more dynamic in nature to describe the embedded energy flow of the market when we got several options. Both
traditional pitchfork and non traditional ones. More pow wows...
Listen to the whispers....
You may learn something
- #1,711
- May 1, 2010 6:03am May 1, 2010 6:03am
- Joined Jan 2009 | Status: Trader | 1,617 Posts
My take on the recent discussion of alternative methods is:
"WHATEVER WORKS...."
"WHATEVER WORKS...."
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
- #1,713
- May 1, 2010 3:22pm May 1, 2010 3:22pm
- | Joined May 2009 | Status: Sucessful Praying FxTrader2Investor | 343 Posts
My take on the recent discussion of alternative methods is:
"WHATEVER WORKS...."
Hello All, and kapital
happened upon this chart (inspired by kapital'spost) and wondered, wich is the correctly drawn pitchfork? my preference is for the 'Hot Pink". The matching dashed lines are merely pitched Trend Lines.
Bless!
- #1,714
- May 1, 2010 4:24pm May 1, 2010 4:24pm
- Joined Jan 2009 | Status: Trader | 1,617 Posts
The standard way of drawing a pitchfork is by using pivot points of a high-low-high or low-high-low combination. However, you will find that there are alternate combinations of pivot points you can use as well. Like I said before, "Whatever works...". It is PRICE ACTION which ultimately reveals what works and what doesn't, rather than what one may assume should work.
That's my 2 pips worth.
That's my 2 pips worth.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
The standard way of drawing a pitchfork is by using pivot points of a high-low-high or low-high-low combination. However, you will find that there are alternate combinations of pivot points you can use as well. Like I said before, "Whatever works...". It is PRICE ACTION which ultimately reveals what works and what doesn't, rather than what one may assume should work.
That's my 2 pips worth.
How do you know it works? Did you test it, did you ever see Tim use it, did you ever see Shane use it? Or maybe you just saw it work a few times and boom, I got a new setup. Regular median lines, which are drawn from a HLH/LHL have a mathematical edge thats been proven to work! AR lines, although very simular do work but have a much less probability. Besides that anything else is fluff, 50/50, no edge. Like Scrutch I've only looked through Dologa's book but have not read it. To be honest I got 100 times more from a few of Tim's free webinars then anything in the book. I don't know about you guys but I'm more willing to take the side of the guy that made a fortune over a 40 year career with this methodology and who personally studied with Dr. Andrews rather then a book written by a guy who I believe has zero credibility. Besides, Tim has already stated that the book is garbage and not to waste the time. I'd rather listen and watch one of the biggest traders in the world then read a random book about the same thing.
Please guys don't take this thread through the standard "trading systems" routines where first someone posts a system, everybody gets excited, and after the excitement dies down someone starts posting suggested changes to "increase" performance and work out the "defects". When you can make crazy money with simple stuff that's been proven to work why start changing now? It just does not make sense to me!
When you think about it anything can "work" especially with a discretionary method as this but it is our job as traders to find what works best and take full advantage of that. Regular median lines, which are drawn from a HLH/LHL have a mathematical edge that's been proven to work! (Period) End of story!
- #1,717
- May 1, 2010 7:03pm May 1, 2010 7:03pm
- Joined Jan 2009 | Status: Trader | 1,617 Posts
Well Tormo, you know it works by seeing the frequency of price in relation to the fork. You can say that drawing forks in an alternate matter is a waste of time, but, the proof is in the pudding. The last chart I posted speaks for itself. Do they work all of the time? No....but neither do forks with a LHL/HLH pivot configuration. Just because something didn't come from Dr. Andrews doesn't mean it's invalid. Dr. Andrews and others provided the primary base for the alternate techniques which exist today.
At the end of the day, do whatever YOU feel is in your best interest. I'm not here to convince anyone to stop applying the techniques laid out by Dr. Andrews. As for me, I've done the testing to know that there is more than one tool in the toolbox when it comes to drawing pitchforks.
At the end of the day, do whatever YOU feel is in your best interest. I'm not here to convince anyone to stop applying the techniques laid out by Dr. Andrews. As for me, I've done the testing to know that there is more than one tool in the toolbox when it comes to drawing pitchforks.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
- #1,718
- Edited 10:11pm May 1, 2010 9:07pm | Edited 10:11pm
Well Tormo, you know it works by seeing the frequency of price in relation to the fork....
In fact, as mentioned again and again, Late Dr Alan Andrews and also mentioned by Tim Morge in his latest video clip
by CME/Interactive Broker, they are open for any well proven setup on MedianLine, just shown 'em, they want to have look.
and if proven, they will support the setup....They agree that this are not RULES to cast in stone.
They are Open minded people....my full respect to them.
I think Tim also mention Dr Dologa in that video too.
By the way, I am joining Tim Morge's MedianLine Advance Class, Anyone here coming too?
But If someone read Dr Dologa book, and doesnt understand much..(I dont think Tim Morge said as what mentioned by Tormo,
Not from someone like Tim Morge.) What can we say? and who are we to say...
My stand: If you a student of the market, LEARN ALL. and then focus on your trading your best choice technique with variance. The market is NOT static.
p/s Tormo ..any proof of creditability of what YOU mentioned that Tim Morge say what you had mention on Dr Dologa book?
Both of you missed the main point of my post, but thats ok.
As for your question Satni, I am not about to go look through 50 or so 80+ minute videos to give you an answer. Someone asked Tim a question about the book and he said it's crap and moved on with the webinar. It took maybe 10 seconds and that's it. Tomorrow is Sunday so if you got the time, get watching, pay attention and you'll find your answer.
I really don't want to argue with anyone, I only stated what I think and now I'm done. That's it, you guys can move on now.
tormo
As for your question Satni, I am not about to go look through 50 or so 80+ minute videos to give you an answer. Someone asked Tim a question about the book and he said it's crap and moved on with the webinar. It took maybe 10 seconds and that's it. Tomorrow is Sunday so if you got the time, get watching, pay attention and you'll find your answer.
I really don't want to argue with anyone, I only stated what I think and now I'm done. That's it, you guys can move on now.
tormo
- #1,720
- Edited May 2, 2010 12:54am May 1, 2010 11:38pm | Edited May 2, 2010 12:54am
- Joined Nov 2009 | Status: Trader | 1,093 Posts
