Andrews Pitchfork (Median Line) | Page 147 | 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)

  • #2,921
  • Oct 26, 2010 3:56am Oct 26, 2010 3:56am
Quoting big_pipin
Thanks, but what was wrong with the chart, and the trade that I took?..thats what I'd like someone to tell me. I took short off the line like i was suposed to do. Price tested that red fork line about 7 times before I took my trade, but like the others, they ended going against me. Getting tired of playing guessing games, especailly when I rarely "win".
Hi buddy

I think you got your answer.
I just like to add you are using too many lines & PFs , keep the one which price is respecting rest will create confusion only & behind those lines you are hiding the most important thing price bar.
Zoom out the charts & look how price is behaving in those areas & trendlines.

KEEP IT SHORT & SIMPLE (KISS).

Here are my trades I am managing now GU is based on pin bar EJ is self explanatory I covered some in EJ b/c I am not comfortable with this WRB (Wide Range Bar)rest will carry @ BE.

Happy Trading,
TAQ
Attached Image(s) (click to enlarge)
Click to Enlarge Name: f106.gif Size: 13 KB
Click to Enlarge Name: f107.gif Size: 18 KB
  • #2,922
  • Oct 26, 2010 8:58am Oct 26, 2010 8:58am
counter trend for quick pips, watch out for bumps...
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-m30.gif Size: 29 KB
  • #2,923
  • Oct 26, 2010 9:10am Oct 26, 2010 9:10am
Quoting forkTrader
Isnt this with every trading method, its all about what a trader sees. There is always a bullish a bearish setup working side by side in every market, as there are bulls and bears and a disagreement on price.
Just accept the fact that you were late to the party and missed it, but there may be another party about to start but at a different place. Please look at my attached chart and if you like tell me why you have not shorted AJ at pt A and pt B. Who was stopping you?
I was short at pt "b"..not at the top of the line, but i was short from that area on the break down candle.
  • #2,924
  • Oct 26, 2010 9:28am Oct 26, 2010 9:28am
Quoting anthoniex
counter trend for quick pips, watch out for bumps...
In and out got +25 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-m5.gif Size: 23 KB
  • #2,925
  • Oct 26, 2010 9:38am Oct 26, 2010 9:38am
missed this one, maybe enter at pullback...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-h1.gif Size: 28 KB
  • #2,926
  • Edited 10:08am Oct 26, 2010 9:56am | Edited 10:08am
Looking to see if there will be a third area of support on this setup.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: HOURLY GU 1.GIF Size: 46 KB
Click to Enlarge Name: HOURLY GU 2.GIF Size: 42 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,927
  • Oct 26, 2010 1:28pm Oct 26, 2010 1:28pm
big pippin,

Trading can be frustrating, especially when you are trying to learn how to effectively use new tools that stretch the boundaries of your thinking. Median lines, or pitchforks, if you like, can be used in ways that you have not even conceived of yet. But that will come in due time and with diligent practice, not thousands, but tens of thousands of charts drawn on.

I annotated a few screen shots that may (or may not help). It is my hope it does not come across as patronizing or too remedial with whatever your experiences are with the tools involved.

fwiw,

xt
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ff1.png Size: 78 KB
Click to Enlarge Name: ff2.png Size: 44 KB
Click to Enlarge Name: ff3.png Size: 75 KB
Click to Enlarge Name: ff4.png Size: 67 KB
  • #2,928
  • Oct 26, 2010 1:31pm Oct 26, 2010 1:31pm
Not really got into median lines/forks.

Need to check this stuff out. Looks interesting.
  • #2,929
  • Oct 26, 2010 1:39pm Oct 26, 2010 1:39pm
possible scalp that might turn BIG!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m5.gif Size: 22 KB
  • #2,930
  • Oct 26, 2010 2:03pm Oct 26, 2010 2:03pm
Quoting xtsunami
big pippin,

Trading can be frustrating, especially when you are trying to learn how to effectively use new tools that stretch the boundaries of your thinking. Median lines, or pitchforks, if you like, can be used in ways that you have not even conceived of yet. But that will come in due time and with diligent practice, not thousands, but tens of thousands of charts drawn on.

I annotated a few screen shots that may (or may not help). It is my hope it does not come across as patronizing or too remedial with whatever your experiences are with the...
Great explanation, xtsunami!
Looking forward to seeing more of your charts...have a good day!
  • #2,931
  • Oct 26, 2010 3:25pm Oct 26, 2010 3:25pm
Had a long from around here but closed it. This is what I have on EUR/USD at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 86 KB
  • #2,932
  • Oct 26, 2010 3:47pm Oct 26, 2010 3:47pm
Bit more of a Schiff line.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.jpg Size: 105 KB
  • #2,933
  • Oct 26, 2010 4:28pm Oct 26, 2010 4:28pm
Quoting ScoTTyBEEE
Had a long from around here but closed it. This is what I have on EUR/USD at the moment.
It looks good to me, why did you close the trade? At least for quick countertrade scalp...
  • #2,934
  • Oct 26, 2010 4:36pm Oct 26, 2010 4:36pm
Quoting anthoniex
It looks good to me, why did you close the trade?
I was looking for the long to stay inside the upward facing green pitchfork. When the 4 hour closed quite outside it the trade wasn't going as much in my direction as I had hoped. I would have had to leave it open overnight, which I didn't want to do. I still closed for around 20 pips so was happy leaving it at that. Tomorrow is another day

Was long in that area due to:

Lower side of upward fork
Median of Schiff
Resistance line from old history
Resistance line from relatively recent history
S2
Slight over extension from fall today

tbh I was surprised it fell as much as it did, this probably spooked me a little and added to closing the trade. I think it will be a good swing long mind, but I'm new to using the pitchfork, really like what I've seen so far though, definitely going to incorporate it into my trading.
  • #2,935
  • Oct 26, 2010 4:45pm Oct 26, 2010 4:45pm
EUR/JPY 4hr
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY1.jpg Size: 108 KB
  • #2,936
  • Oct 26, 2010 4:57pm Oct 26, 2010 4:57pm
ScottyBee thanks for the charts. I have a similar one for eurjpy. Question : is that the prorealtime platform, or the one incorporated in to cfd-platform like IG or other ones ?

I am still searching for an alternative to esignal.

Thanks and lets see what happens to eurusd and eurjpy this week.


_____________
michael
Be like water.
  • #2,937
  • Oct 26, 2010 5:09pm Oct 26, 2010 5:09pm
Quoting ScoTTyBEEE
EUR/JPY 4hr
I'm still on this one....slow...slow...slow. The break is due!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h1.gif Size: 27 KB
  • #2,938
  • Oct 26, 2010 5:21pm Oct 26, 2010 5:21pm
Quoting anthoniex
possible scalp that might turn BIG!
+20 pips so far
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad-m5.gif Size: 25 KB
Click to Enlarge Name: usdcad-h1.gif Size: 26 KB
  • #2,939
  • Oct 26, 2010 7:57pm Oct 26, 2010 7:57pm
Quoting anthoniex
possible scalp that might turn BIG!
going against me

I think I know why FOREX gave me stomach ulcer
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m5.gif Size: 26 KB
  • #2,940
  • Oct 26, 2010 8:27pm Oct 26, 2010 8:27pm
Quoting xtsunami
big pippin,

Trading can be frustrating, especially when you are trying to learn how to effectively use new tools that stretch the boundaries of your thinking. Median lines, or pitchforks, if you like, can be used in ways that you have not even conceived of yet. But that will come in due time and with diligent practice, not thousands, but tens of thousands of charts drawn on.

I annotated a few screen shots that may (or may not help). It is my hope it does not come across as patronizing or too remedial with whatever your experiences are with the...
Thank you for the charts.

Trading can be frustrating --> YES, VERY, especailly when you've been trading for 5yrs straight, and STILL have not been able to go full time. I wasnt trading forks for 5yrs, but still. S/R is pretty basic stuff. I draw GREAT charts...imo, so why i'm still stuck in the mud, I dont know. I have about 43,800 hrs of screen time. I calculate this off 365 x 24 x 5 . I "work" more than 8hrs in a trading day when you put into account the nights, and weekends surfing forums, drawing on charts, and everthing else.

If this were college, I'd be close to a masters degree by now.
3 traders viewing now