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Andrews Pitchfork (Median Line)

  • #1,901
  • Edited 5:04am May 19, 2010 2:43am | Edited 5:04am
GJ 60mins...will it make it to point X at 1.33?

Let's hear the beat from the market..

http://img43.imageshack.us/img43/942...bluecircle.png
  • #1,902
  • May 19, 2010 3:32am May 19, 2010 3:32am
Quoting Satni
GJ 60mins...will make it to point X at 1.33?

Let's hear the beat from the market..

http://img43.imageshack.us/img43/942...bluecircle.png
The above settup didnt make it, the pair drop like tomato ketchup..!

Reasons: 1) Bigger fork has more influence over mini fork.
2) Setup was an anti trend.
3) The upbeat drummer falls asleep..hehe
  • #1,903
  • May 19, 2010 4:42am May 19, 2010 4:42am
GJ, sometimes it makes sense not to take the market extreme pivots. mostly after such moves a inside ml works better.

good luck
Attached Image (click to enlarge)
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  • #1,904
  • May 19, 2010 5:18am May 19, 2010 5:18am
Quoting Alexandra.L
GJ, sometimes it makes sense not to take the market extreme pivots. mostly after such moves a inside ml works better.

good luck
Thanks for sharing.

Here's the update on GJ on 30mins tf.

http://img265.imageshack.us/img265/2...ndslidingp.png
  • #1,905
  • May 19, 2010 7:11am May 19, 2010 7:11am
Speaking of counter trend trades, lets see how this one will work out.
Attached Image (click to enlarge)
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Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,906
  • May 19, 2010 7:17am May 19, 2010 7:17am
Damn it was fast.. resulting in nice 64 pips ...
Attached Image (click to enlarge)
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Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,907
  • May 19, 2010 8:49am May 19, 2010 8:49am
out of the position. seems the double bottom will hold so far.
doesn't matter..two small profits are enough for a dinner.

next setup is already coming

good luck
Attached Image (click to enlarge)
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  • #1,908
  • May 19, 2010 10:42am May 19, 2010 10:42am
It will be interesting to see how USDCHF reacts from here.
Attached Image (click to enlarge)
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Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,909
  • May 20, 2010 5:22am May 20, 2010 5:22am
Kapital,

Was wondering...why did you draw that fork with pivots 2 and 3 on the same candle?

Thanks.

Quoting kapital
Both initial targets for either direction were hit.
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,910
  • May 21, 2010 12:44am May 21, 2010 12:44am
I don't know if these would be good action reaction per se but may be a good trade short
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,911
  • May 21, 2010 3:00am May 21, 2010 3:00am
I am thinking of going long EUR
Attached Image (click to enlarge)
Click to Enlarge Name: 52110 eurusd 15min.gif Size: 23 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,912
  • May 21, 2010 4:21am May 21, 2010 4:21am
I have gone long EUR
Attached Image (click to enlarge)
Click to Enlarge Name: 52110 eurusd 15min(2).gif Size: 25 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,913
  • May 21, 2010 7:40am May 21, 2010 7:40am
Quoting forkTrader
I have gone long EUR
good job ft. How do you like esignal charting compared to ensign?
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,914
  • May 21, 2010 8:52am May 21, 2010 8:52am
Ensign is much better than esignal, but only problem is that the free forex data is for 70 days only, Esignal on Demand gives you 180 days of intraday data.
Sometimes having more data is good.
Features wise and especially for Median Lines Ensign is the best software.

Quoting eaglestar
good job ft. How do you like esignal charting compared to ensign?
Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,915
  • May 22, 2010 3:34am May 22, 2010 3:34am
Quoting FX4Newbies
Kapital,

Was wondering...why did you draw that fork with pivots 2 and 3 on the same candle?

Thanks.
1) The candle in question almost formed a doji (indecision).
2) The candle was at the end of a strong move down.
3) Choice of pivot 1, resulting in support at LML.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,916
  • May 23, 2010 11:35am May 23, 2010 11:35am
I closed my long position for a nice 100 pips profit. Now I looking for this setup. I did not take the short as weekend was closing. Lets see how monday will workout.
Attached Image (click to enlarge)
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Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,917
  • May 23, 2010 11:43am May 23, 2010 11:43am
Two possible trades in GBPUSD.
If the range marked in green is broken upwards, I am a buyer on retest.
Any weakness to break the ML and the range be trigger a short trade entry.
Note the closing of the week at confluence of MPL and ML.
Attached Image (click to enlarge)
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Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,918
  • May 23, 2010 12:00pm May 23, 2010 12:00pm
I am not a big fan of 1 min charts, but I am impressed, how wonderfully forks work on even 1 min charts.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 52310 eurusd 1min.gif Size: 24 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,919
  • May 24, 2010 3:02am May 24, 2010 3:02am
Just shorted EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 52310 eurusd 15min(2).gif Size: 32 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,920
  • May 24, 2010 4:29am May 24, 2010 4:29am
Closed my short trade for 90 pips profit.
Hopefully somebody has benefited from it.
Let someone arise from my bones as an avenger. Jesse Livermore
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