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Andrews Pitchfork (Median Line)

  • #1,941
  • May 26, 2010 11:03am May 26, 2010 11:03am
I got stopped out on GU trade on breakeven loss 30 some pips on EU and I am done for the day.
Nobody is perfect. Good thing is, instead of being utterly wrong I lost very little money.
Just a little emotional wash and rinse. Will be better tomorrow.
Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,942
  • May 26, 2010 11:29am May 26, 2010 11:29am
Quoting forkTrader
I got stopped out on GU trade on breakeven loss 30 some pips on EU and I am done for the day.
Nobody is perfect. Good thing is, instead of being utterly wrong I lost very little money.
Just a little emotional wash and rinse. Will be better tomorrow.
I hear you. Don't listen to anything I say, go with your gut. My friend RadioAstronaut made many pips trading in opposite direction than me today. I am looking for retrace
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-052610-7.gif Size: 30 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,943
  • May 26, 2010 11:37am May 26, 2010 11:37am
no eagelstar I did not trade based on your setup, I was bullish on GU and thought EU might move along with it.
Also, I thought of reversing position (see chart) at perfect quartile rejection. In my trading rules I should rather take the loss & let the trade be on autopilot.
Attached Image (click to enlarge)
Click to Enlarge Name: 52610 eurusd 60min(2).gif Size: 21 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,944
  • May 26, 2010 12:29pm May 26, 2010 12:29pm
Quoting forkTrader
no eagelstar I did not trade based on your setup, I was bullish on GU and thought EU might move along with it.
Also, I thought of reversing position (see chart) at perfect quartile rejection. In my trading rules I should rather take the loss & let the trade be on autopilot.
do you make your trading rules in excel or word? can you share? Thanks
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,945
  • May 27, 2010 2:12am May 27, 2010 2:12am
Gu long still good. seeing some interesting retests on daily forks
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusd-052710-3.gif Size: 32 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,946
  • May 27, 2010 3:03am May 27, 2010 3:03am
potential au long and cad short
Attached Image(s) (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,947
  • May 27, 2010 3:35am May 27, 2010 3:35am
isnt it too early to call a bottom. GBPUSD recent PA looks like a range breakout failure to me
Attached Image (click to enlarge)
Click to Enlarge Name: 52710 gbpusd 60min.gif Size: 25 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,948
  • May 27, 2010 4:45am May 27, 2010 4:45am
All sliding parallels have the same measurements.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,949
  • May 27, 2010 1:09pm May 27, 2010 1:09pm
A very nice retracement occured from the sliding parallel since the previous post.
Attached Image (click to enlarge)
Click to Enlarge Name: HOURLY GU.GIF Size: 29 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,950
  • Edited 1:46pm May 27, 2010 1:30pm | Edited 1:46pm
Have entered a long at touch of lower median line. Nice fib confluence area. 40 pip stop loss.
Attached Image (click to enlarge)
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  • #1,951
  • May 27, 2010 2:46pm May 27, 2010 2:46pm
Quoting fxprocessor
Have entered a long at touch of lower median line. Nice fib confluence area. 40 pip stop loss.

Price gave me a very quick 30 pips off this level. I have closed and want to see price hit the LML again now for another entry which I would hold for a bigger run if the market gave it.
  • #1,952
  • May 27, 2010 2:53pm May 27, 2010 2:53pm
congrat, very good system
  • #1,953
  • May 27, 2010 7:05pm May 27, 2010 7:05pm
beautiful fork setup here on eurjpy. hope one of you took it eur similar setup. still in gbpusd long with profit stops.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,954
  • Edited 5:48pm May 28, 2010 5:49am | Edited 5:48pm
Very good eye Fork Trader. I think as traders you only see those things when you are objective in your analysis. It is quite obvious that price is having a hard time.

Doing a great job!

Take care,

Quoting forkTrader
isnt it too early to call a bottom. GBPUSD recent PA looks like a range breakout failure to me
Trade what you see, not what you think or feel. Let the market come to you.
  • #1,955
  • May 28, 2010 5:57am May 28, 2010 5:57am
5m
http://img534.imageshack.us/img534/5...ture1fs.th.png

15m
http://img227.imageshack.us/img227/2...ture2wj.th.png

30m
http://img203.imageshack.us/img203/1...ture3hl.th.png

Seems to be a reasonable bounce, target 2386, aiming for 2313-2323
  • #1,956
  • May 29, 2010 4:05am May 29, 2010 4:05am
Thanks Caveman and others for the ML indicator that is without doubt the best out there for Metatrader and i have been using it over the last 2 years. I wanted to ask if it was possible to 'tweek' the program to draw Reaction Lines at 50% of A to BC...in other words this would divide the current/normal/usual distance between RL's by half and add an extra RL. This facility is available on Ensign but would be really grateful if someone could tell me how to change the MQ4 code.
Any help would be much appreciated as coding is not my strong point.
Attached File(s)
File Type: mq4 AML_v1.mq4   24 KB | 456 downloads
  • #1,957
  • May 29, 2010 10:57am May 29, 2010 10:57am
I missed the up move on GBPUSD, but surely caught the down move.
Attached Image (click to enlarge)
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Let someone arise from my bones as an avenger. Jesse Livermore
  • #1,958
  • May 29, 2010 2:39pm May 29, 2010 2:39pm
Quoting forkTrader
eagelstar on a roll today.....

I have put GBPUSD on breakeven stoploss and after that I had a nice long position in EURUSD.
What a day today.
Here is the EURUSD setup.
why would you go long here, the blue fork hasnt even been tested once. Plus any upward move, could, and most likely would be just a retracement for the longer term down trend.
  • #1,959
  • May 29, 2010 2:46pm May 29, 2010 2:46pm
Its been a few months sinse I stopped trading fx, so I've been mostly watching these days, but I'll post some charts too just for the hell of it, even though no one here trades stocks, a fork is still a fork none the less.

Here is KO "Coca cola" on a weekly. Stop near 48.
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  • #1,960
  • May 29, 2010 2:49pm May 29, 2010 2:49pm
Also looking at fslr, but no position yet, this is on daily.
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