Andrews Pitchfork (Median Line) | Page 93 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better Andrews Pitchfork and MT4 15 replies

Andrews Pitchfork 120 replies

Andrews Pitchfork video 22 replies

median line Bollinger band cross 3 replies

Attachments: Andrews Pitchfork (Median Line)
Exit Attachments

Andrews Pitchfork (Median Line)

  • #1,841
  • May 11, 2010 12:49am May 11, 2010 12:49am
no one from the gentlemen here, who dare to do an educated guess? *g

i have in the higher timeframes like h4 everywhere shiff or modified shiff forks.
markets are forming an abc pattern right now. that means nothing at the moment. just a setup without trigger but worth to watch.

on the euro the up fork is a forced one. not confirmed yet.
btw the lines are from bill williams, just found them in mt4 and playing with it, nothing more.

good luck for the next setup
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1105.gif Size: 19 KB
  • #1,842
  • May 11, 2010 3:15am May 11, 2010 3:15am
Eur-Usd in the middle of a support and resistance area. Waiting to see what price will do.

FX4Newbies
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5-11-10.gif Size: 23 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,843
  • May 12, 2010 12:32am May 12, 2010 12:32am
ok let's see if we get some follow through action.

entry was above the high when price breaked out the flag.
since it is a swing whithin a swing i would be careful. we need a swing breakout to put more weight in the position. at least that is how i'm managing a position.

good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh11205.gif Size: 19 KB
  • #1,844
  • May 12, 2010 5:06am May 12, 2010 5:06am
Looks like GBPUSD is making a three drives to top pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: 5-12 gbpusd daily.gif Size: 22 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,845
  • May 12, 2010 6:13am May 12, 2010 6:13am
and out...zero sum game...

no follow through and second close below the mlh

good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy1205.gif Size: 20 KB
  • #1,846
  • May 12, 2010 8:29pm May 12, 2010 8:29pm
Quoting kapital
If anyone is interested, I just opened a chat room on Paltalk where we can communicate in real-time. If you are a user of the chat platform, send me a private message with your user name. Make sure you are logged on so I can invite you to the room.
Did I mention that we can even send screenshots of each others charts?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,847
  • May 13, 2010 2:45am May 13, 2010 2:45am
Quoting kapital
Did I mention that we can even send screenshots of each others charts?
I am in kapital. I think it was paltalk. I will get it done today. I start trading 2 hours before london session starts.
Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,848
  • May 13, 2010 12:41pm May 13, 2010 12:41pm
Here is my USDCHF view.
Third attempt to cross ML let us see how it will unfold.

Regards
TAQ
Attached Image (click to enlarge)
Click to Enlarge Name: 131.gif Size: 15 KB
  • #1,849
  • May 13, 2010 6:23pm May 13, 2010 6:23pm
Quoting taq
Here is my USDCHF view.
Third attempt to cross ML let us see how it will unfold.

Regards
TAQ
I was wondering if this is a retest?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-m15.gif Size: 27 KB
  • #1,850
  • May 13, 2010 6:59pm May 13, 2010 6:59pm
Quoting forkTrader
I am in kapital. I think it was paltalk. I will get it done today. I start trading 2 hours before london session starts.
We have a winner!!!!

Send me your username via private message and I'll add you to my buddy list. I'll do the same.

I consider the screenshot feature a very attractive element. As the old saying goes: "A chart is worth a thousand words."
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,851
  • May 13, 2010 9:12pm May 13, 2010 9:12pm
Quoting anthoniex
I was wondering if this is a retest?
Hi anthoniex
You must heard about that probability of reaching ML is 80% & if price fails to reach the ML, probability is that this price reversal will go further than it did on its approach towards the ML. (means it goes beyond P2)

Both the conditions are not satisfied by your blue PF & you can see price didn't respect the blue PF.

I am watching this PF price is still not able to cross ML decisively will reverse position if not able to cross ML during london session.

Happy trading you all,
TAQ
Attached Image (click to enlarge)
Click to Enlarge Name: 132.gif Size: 16 KB
  • #1,852
  • May 13, 2010 9:47pm May 13, 2010 9:47pm
Question: The blue fork is still in force, but
Is going long on Green fork, a low risk trade?
Can anyone comment, please.tq

http://img341.imageshack.us/img341/7...rkeu30mins.png
  • #1,853
  • May 13, 2010 10:21pm May 13, 2010 10:21pm
Obviously, the down trend is still in force, that said, in consideration it's a 30-min time frame, definitely, I would go long but with a clear notion that it's a scalp trade. If it's a 5-, 10-min time frame charts, I wouldn't have enough room to maneuver myself to get a good risk/reward ratio

Edited:Besides, looking at the Daily Eur/Usd, the low has reached the Daily Warning line already, which I would put more weight on this time frame, and as such, consider as a very low risk trade



Quoting Satni
Question: The blue fork is still in force, but
Is going long on Green fork, a low risk trade?
Can anyone comment, please.tq

http://img341.imageshack.us/img341/7...rkeu30mins.png
~*~You are only one trade away from humility~*~
  • #1,854
  • May 13, 2010 10:35pm May 13, 2010 10:35pm
Well, if it helps any, I'm long EU to the 1.2570 - 80 area.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,855
  • May 13, 2010 11:19pm May 13, 2010 11:19pm
Quoting taq
Hi anthoniex
You must heard about that probability of reaching ML is 80% & if price fails to reach the ML, probability is that this price reversal will go further than it did on its approach towards the ML. (means it goes beyond P2)

Both the conditions are not satisfied by your blue PF & you can see price didn't respect the blue PF.

I am watching this PF price is still not able to cross ML decisively will reverse position if not able to cross ML during london session.

Happy trading you all,
TAQ
Hi Taq, my chart was actually 15 minute chart and I was wondering if it was a retest to go SHORT since the Median Line in 1 hour time frame has not been reached yet after a few tries with swing highs. Sorry if my question wasn't clear, clarification is much appreciated. Thanks
  • #1,856
  • May 13, 2010 11:57pm May 13, 2010 11:57pm
Quoting jharteam
Obviously, the down trend is still in force, that said, in consideration it's a 30-min time frame, definitely, I would go long but with a clear notion that it's a scalp trade. If it's a 5-, 10-min time frame charts, I wouldn't have enough room to maneuver myself to get a good risk/reward ratio

Edited:Besides, looking at the Daily Eur/Usd, the low has reached the Daily Warning line already, which I would put more weight on this time frame, and as such, consider as a very low risk trade
Thanks for your insight, Great thinking Jeff!
Makes it clearer to view that difficult spot.
  • #1,857
  • May 14, 2010 12:00am May 14, 2010 12:00am
Quoting kapital
Well, if it helps any, I'm long EU to the 1.2570 - 80 area.
Thanks kapital, its now 1.2571. I'll wait for retracement before long too.Hopefully this pair is gentle enough to wait!
  • #1,858
  • Edited 1:03pm May 14, 2010 9:02am | Edited 1:03pm
Quoting taq
Here is my USDCHF view.
Third attempt to cross ML let us see how it will unfold.

Regards
TAQ
Updated chart
Let us see how far it can go.

Regards,
TAQ
Attached Image (click to enlarge)
Click to Enlarge Name: 136.gif Size: 16 KB
  • #1,859
  • May 14, 2010 4:03pm May 14, 2010 4:03pm
Quoting taq
Updated chart
Let us see how far it can go.

Regards,
TAQ
Good call! I'm a newbie always thinking of reversal but the experienced ones always think of trend continuation which happens more often...
  • #1,860
  • May 15, 2010 11:32am May 15, 2010 11:32am
I will have to wait until trading opens on Sunday for the correct time factor on this setup due to non-trading times included during the weekend (it is eventually removed when trading resumes).
Attached Image (click to enlarge)
Click to Enlarge Name: 15MIN GJ.GIF Size: 35 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
1 trader viewing now