Andrews Pitchfork (Median Line) | Page 137 | 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)

  • #2,721
  • Oct 7, 2010 11:35pm Oct 7, 2010 11:35pm
M30 white fork has been tested at Center ML and M5 yellow has not to be test..
possible short setup in the making
Attached Image (click to enlarge)
Click to Enlarge Name: ej new.gif Size: 37 KB
  • #2,722
  • Oct 8, 2010 2:00am Oct 8, 2010 2:00am
Quoting big_pipin
Its these types of trades I dont understand.....price could have gone either way. Why did you go long there, when price was showing a tripple top resistance level?..how much did you expect to get out of the trade?..why not buy after it broke and closed above resistance around 5960?...and how did you calculate that target zone?
It was not a very high quality trade in terms of structure but risk reward was good. I was watching AU, EU, and gold making new highs so I was not bullish on USD. GBP was stuck in this upward sloping range and I was expecting it to brake upwards. Well I dont do triangles anymore but somehow from my elliot wave background, when I see a triangle I think of an upward/downward thrust (usually it is a hit and run trade). I was aware of multi tops but it also interests me that sellers were not able to push it down to take the higher lows. I am posting few charts below and may be that will give you some ideas. In short I was bullish on GBP. Yesterday's sharp sell off have not taken any higher lows off, so the bullish case remains intact. Tim explains this in a very simple manner - find a line that is working, beat it to death until it beats you.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 60M (8-10-10).png Size: 56 KB
Click to Enlarge Name: GU 377T (8-10-10).png Size: 55 KB
Click to Enlarge Name: GU 120M (8-10-10).png Size: 53 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,723
  • Oct 8, 2010 2:06am Oct 8, 2010 2:06am
Potential buy entry in EURAUD
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 60M (8-10-10).png Size: 54 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,724
  • Oct 8, 2010 9:24am Oct 8, 2010 9:24am
Is everybody stuck in short trades or what ???
Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,725
  • Oct 8, 2010 9:38am Oct 8, 2010 9:38am
Sometimes, the path shown by a fork is correct, but price avoids the UML and LML as if they were the plague.

What would have been a good entry for a short trade for this fork?
Attached Image (click to enlarge)
Click to Enlarge Name: HOURLY UJ.GIF Size: 25 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,726
  • Oct 8, 2010 10:26am Oct 8, 2010 10:26am
Kapital, here is what I do. Use AR line with ML as the CL. I have tested it numerous times.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 120M (8-10-10).png Size: 58 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,727
  • Oct 8, 2010 10:46am Oct 8, 2010 10:46am
You gotta love the brits
Attached Image (click to enlarge)
Click to Enlarge Name: GU 377T (2) (8-10-10).png Size: 58 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,728
  • Oct 8, 2010 12:04pm Oct 8, 2010 12:04pm
Short setup..?
Attached Image (click to enlarge)
Click to Enlarge Name: ej short.gif Size: 34 KB
  • #2,729
  • Oct 8, 2010 12:26pm Oct 8, 2010 12:26pm
Quoting zuya
Short setup..?

did anyone notice AB=CD pattern?
  • #2,730
  • Oct 8, 2010 12:50pm Oct 8, 2010 12:50pm
zuya - can you pls expound?
  • #2,731
  • Oct 8, 2010 2:03pm Oct 8, 2010 2:03pm
Quoting forkTrader
It was not a very high quality trade in terms of structure but risk reward was good. I was watching AU, EU, and gold making new highs so I was not bullish on USD. GBP was stuck in this upward sloping range and I was expecting it to brake upwards. Well I dont do triangles anymore but somehow from my elliot wave background, when I see a triangle I think of an upward/downward thrust (usually it is a hit and run trade). I was aware of multi tops but it also interests me that sellers were not able to push it down to take the higher lows. I am posting...
Thanks fork. Why dont you like triangles?. Low probability trades?
  • #2,732
  • Oct 8, 2010 4:43pm Oct 8, 2010 4:43pm
Quoting forkTrader
Kapital, here is what I do. Use AR line with ML as the CL. I have tested it numerous times.

In addition to what you posted, quartiles are useful as well. I don't hear Tim speak of them anymore in his webinars since Paul C departed.
Attached Image (click to enlarge)
Click to Enlarge Name: HOURLY USD.GIF Size: 31 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,733
  • Oct 8, 2010 9:16pm Oct 8, 2010 9:16pm
^ who was paul C?..sorry i dont go on the site very often. I take it, he was another big dog trader?
  • #2,734
  • Oct 9, 2010 3:35am Oct 9, 2010 3:35am
This is what I do on weekends, I pick some random stock and practice drawing lines. I have picked this stock from the stock twits (the first ticker I see there).
No matter how I am drawing lines they are all coming to the same place. These lines never stop amazing me
Have a good weekend guys
Attached Image (click to enlarge)
Click to Enlarge Name: GCI - Line Musings.png Size: 81 KB
Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,735
  • Oct 9, 2010 6:48am Oct 9, 2010 6:48am
Kiwi has been trending well for some time....

beeb
Attached Image (click to enlarge)
Click to Enlarge Name: k.png Size: 63 KB
  • #2,736
  • Oct 9, 2010 7:13am Oct 9, 2010 7:13am
Also EUR.CHF trending well....

beeb
Attached Image (click to enlarge)
Click to Enlarge Name: esw.png Size: 61 KB
  • #2,737
  • Oct 9, 2010 2:45pm Oct 9, 2010 2:45pm
Very good strategy forkTrader. I think it accounts for any overshoot or undershoot of the MLHs. Quartiles also come in handy.

Take care,

FX4Newbies

Quoting forkTrader
Kapital, here is what I do. Use AR line with ML as the CL. I have tested it numerous times.
Trade what you see, not what you think or feel. Let the market come to you.
  • #2,738
  • Oct 9, 2010 5:10pm Oct 9, 2010 5:10pm
Quoting forkTrader
This is what I do on weekends, I pick some random stock and practice drawing lines. I have picked this stock from the stock twits (the first ticker I see there).
No matter how I am drawing lines they are all coming to the same place. These lines never stop amazing me
Have a good weekend guys
If you trade stocks too, or like to do analysis on them, I have a thread here on Elitetrader, which is the leading fork thread. Unfortunatly, not many people are interested in learning about forks, so I'm the only one that posts most the time. http://www.elitetrader.com/vb/showth...65#post2974265 .
  • #2,739
  • Oct 9, 2010 5:11pm Oct 9, 2010 5:11pm
Quoting beeb
Also EUR.CHF trending well....

beeb
Are these esignal charts?
  • #2,740
  • Oct 9, 2010 5:19pm Oct 9, 2010 5:19pm
Quoting big_pipin
Are these esignal charts?
No MT4

beeb
2 traders viewing now, 1 is registered:
TraderRSI