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Andrews Pitchfork (Median Line)

  • #2,761
  • Oct 11, 2010 8:57pm Oct 11, 2010 8:57pm
NZD/USD looking good for a long soon if/when we get a bounce off this green median line.
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  • #2,762
  • Oct 11, 2010 10:34pm Oct 11, 2010 10:34pm
Quoting kapital
What are the tick chart substitutes for the following:

20min chart

1hr chart

4hr chart

Daily chart
My view is that - IT IS TOTALLY - dependant on your DATA FEED -

When I was with eSignal Advanced GET - 377 Tick Charts relate to

89 tick Charts with - Ensign and FXCM DATA FEED.

You are going to have to do your HOME WORK.

I use Daily - 240 - 60 - 20 - 89 Tick - That is all.

GOOD LUCK
  • #2,763
  • Oct 12, 2010 1:02am Oct 12, 2010 1:02am
I have raised the target on CAD. Easy 120 pips trade only risked 12 pips for it.
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Let someone arise from my bones as an avenger. Jesse Livermore
  • #2,764
  • Oct 12, 2010 1:31am Oct 12, 2010 1:31am
Quoting anthoniex
...
risk 18 pips
profit 180 pips
Price reaches Median Line 80% of the time.
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  • #2,765
  • Oct 12, 2010 4:52pm Oct 12, 2010 4:52pm
Nice.
  • #2,766
  • Oct 12, 2010 5:09pm Oct 12, 2010 5:09pm
Here's one on a bigger scale that my be worth tracking - Daily CAD.JPY

beeb
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  • #2,767
  • Oct 12, 2010 7:56pm Oct 12, 2010 7:56pm
Hi, All.

I am new to this thread. Any thoughts on this Aussie chart? All constructive comments are welcome.

Thanks.
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  • #2,768
  • Oct 12, 2010 8:51pm Oct 12, 2010 8:51pm
Beeb, I've been watching CJ for a while. We got some inside bars, so I'll wait for a breakout before doing anything.
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  • #2,769
  • Oct 12, 2010 9:49pm Oct 12, 2010 9:49pm
just speculating again...
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  • #2,770
  • Oct 13, 2010 1:06am Oct 13, 2010 1:06am
Well the first short on e/j didnt work but I have another short signal, so lets see if this one plays out.
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  • #2,771
  • Oct 13, 2010 1:58am Oct 13, 2010 1:58am
...
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  • #2,772
  • Oct 13, 2010 2:19am Oct 13, 2010 2:19am
Quoting anthoniex
...
nice... i would agree with it.
  • #2,773
  • Edited 3:17am Oct 13, 2010 3:04am | Edited 3:17am
Quoting anthoniex
...
stopped out and reverse or just false breakout???
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  • #2,774
  • Oct 13, 2010 3:34am Oct 13, 2010 3:34am
Is drawing Median Line on one hour chart better than a H4???
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  • #2,775
  • Oct 13, 2010 4:37am Oct 13, 2010 4:37am
anthoniex

median lines are just as efficient and valuable on any time frame you choose. you just have to know your own trading tolerances and strategies...

beeb
  • #2,776
  • Oct 13, 2010 5:33am Oct 13, 2010 5:33am
The Valley of Decision
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,777
  • Oct 13, 2010 9:09am Oct 13, 2010 9:09am
...
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,778
  • Oct 13, 2010 9:33am Oct 13, 2010 9:33am
^ dont ya just hate when you have all those damn forks, that you just dont know what to do?. It feels like a coin toss, sometimes. for real.
  • #2,779
  • Oct 13, 2010 9:44am Oct 13, 2010 9:44am
Quoting big_pipin
OK, I take that back, maybe eur/cad looks tasty for a short. I'll give it a shot.
Eur/cad playing out nicely..anyone else in?
  • #2,780
  • Oct 13, 2010 9:46am Oct 13, 2010 9:46am
Quoting big_pipin
^ dont ya just hate when you have all those damn forks, that you just dont know what to do?. It feels like a coin toss, sometimes. for real.

As far as the ones in the charts I posted, a short trade was the better trade due to the following:

1) Resistance from the 2nd warning line of the blue fork.

2) Resistance (great corner trade) from the purple fork and its modified schiff (excellent entry on retest).

I actually took a short trade (got in late after the retests so it wasn't a perfect entry). I exited when price reached the bottom upsloping yellow channel line.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
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