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Andrews Pitchfork (Median Line)

  • #2,941
  • Oct 26, 2010 8:49pm Oct 26, 2010 8:49pm
Quoting big_pipin
Thank you for the charts.

especailly when you've been trading for 5yrs straight
A long way to go for me. If I am already good at this I wouldn't put a lot of charts @ FF. I would bee too busy making money...but for the time being this is how I learn, I hope you guys don't mind. I already lost some money, might as well keep at it. Just getting break even is good enough for me now
  • #2,942
  • Oct 26, 2010 9:09pm Oct 26, 2010 9:09pm
next chart...
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  • #2,943
  • Oct 26, 2010 9:50pm Oct 26, 2010 9:50pm
hello guys.. it's been awhile i haven't log in to ML thread.
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  • #2,944
  • Oct 26, 2010 10:21pm Oct 26, 2010 10:21pm
GU

i'm still looking to long this pair later if PA agree.
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  • #2,945
  • Oct 26, 2010 10:24pm Oct 26, 2010 10:24pm
arghh... i close my short to early on AC AJ AU
  • #2,946
  • Oct 27, 2010 1:06am Oct 27, 2010 1:06am
Quoting msmarple
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
Hi Michael,

It's the charts that come with igindex. I have paid for prorealtime in the past but these days ig's charts do everything I need for free.
They are the best free one's I've used by a long margin, you can setup one click trades from the charts which is good for scalping.
  • #2,947
  • Oct 27, 2010 1:52am Oct 27, 2010 1:52am
Thanks, I used them for CFD´s, but that was approx. 7 yrs ago, they probably improved.

Yes, 1 click dealing is great, I rarely do scalp trades but it is nice to have this.

There are some great fork traders here.

Thanks for taking the time to reply.


____________________
michael
Be like water.
  • #2,948
  • Oct 27, 2010 2:50am Oct 27, 2010 2:50am
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  • #2,949
  • Oct 27, 2010 2:58am Oct 27, 2010 2:58am
Whoops, won't let me add more attachments

http://www.mysticallyprimal.com/ff/eu_lofp_9.gif

http://www.mysticallyprimal.com/ff/eu_lofp_a.gif
  • #2,950
  • Oct 27, 2010 3:15am Oct 27, 2010 3:15am
Hi guys,
I am not new in forex, but I am new at median line or pitchfork method.
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Was it a good entry or not? Why good or why not?
Thanks!
  • #2,951
  • Oct 27, 2010 7:37am Oct 27, 2010 7:37am
Slotery,

For what it is worth, a look 2 hourly gold charts.

xt
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  • #2,952
  • Edited 8:59am Oct 27, 2010 8:55am | Edited 8:59am
Xtsunami :This looks so easy that I think it must be very advanced.. ....one question is for me in the first chart : that downsloping black line inside the fork, from where do you have that angle ?

I can only see that the upsloping black lines are probably the same angle as the low and the high of the main fork connection.

I hope you understand my question.....or is this an advanced use of the distance between the very beginning of the fork and its main pivot connecting line ( measuring the " handle " = before and after it meets the inside of the fork and its price. )

Sorry if this sounds confused, it probably is.....I`ll look closer.

And a BIG thank you !

___________________
michael
Be like water.
  • #2,953
  • Oct 27, 2010 9:08am Oct 27, 2010 9:08am
Quoting anthoniex
next chart...
TREND IS YOUR FRIEND
you can't expect too many pips on countertrades
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  • #2,954
  • Oct 27, 2010 9:22am Oct 27, 2010 9:22am
Quoting msmarple
Xtsunami :This looks so easy that I think it must be very advanced.. ....one question is for me in the first chart : that downsloping black line inside the fork, from where do you have that angle ?

I can only see that the upsloping black lines are probably the same angle as the low and the high of the main fork connection.

I hope you understand my question.....or is this an advanced use of the distance between the very beginning of the fork and its main pivot connecting line ( measuring the " handle " = before and after it meets...
Good question. I thought about the same thing. It could be just approximate angel but there's gotta be a rule to draw it. This looks like an advanced level of timing the probable path of price using Median Line
  • #2,955
  • Oct 27, 2010 9:27am Oct 27, 2010 9:27am
xtsunami,
Thanks for your help, now it's clear!
  • #2,956
  • Oct 27, 2010 9:44am Oct 27, 2010 9:44am
Quoting anthoniex
Good question. I thought about the same thing. It could be just approximate angel but there's gotta be a rule to draw it. This looks like an advanced level of timing the probable path of price using Median Line

Yes... !

_____________
michael
Be like water.
  • #2,957
  • Oct 27, 2010 9:47am Oct 27, 2010 9:47am
Quoting xologeis
Whoops, won't let me add more attachments
add more later
  • #2,958
  • Oct 27, 2010 10:39am Oct 27, 2010 10:39am
Our educational system, whether it be the US, or other parts of the world, do not train our minds to be traders. There is a conventional wisdom that pervades learning and it is not about thinking outside the box, or trying old things, new ways.

It is my belief that markets are not random, but are predictable. A part of that predictability is having a philosophy of market movement that says markets have symmetry to them. When you trade long enough, certain patterns will emerge, like a veil being lifted. You will see things that you have not seen before. It comes with experience and work, lots of work.

The probable path of price, in my mind's eye, is a mirror image of what price has done before. Most have heard it said, "as above, so below." I say, "as from the left, so to the right."

A picture is worth a thousand words...sometimes.

Please feel free to send a credit card number or money order for this "advanced lesson in market theory." All yours for a mere $199.99, for a limited time (please supply a healthy dose of sarcasm and no checks!).
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  • #2,959
  • Oct 27, 2010 10:48am Oct 27, 2010 10:48am
For the more "advanced student" (for a mere 1999.99) advanced symmetry theory 201:
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  • #2,960
  • Oct 27, 2010 11:35am Oct 27, 2010 11:35am
Quoting xtsunami
Our educational system, whether it be the US, or other parts of the world, do not train our minds to be traders. There is a conventional wisdom that pervades learning and it is not about thinking outside the box, or trying old things, new ways.

It is my belief that markets are not random, but are predictable. A part of that predictability is having a philosophy of market movement that says markets have symmetry to them. When you trade long enough, certain patterns will emerge, like a veil being lifted. You will see things that you have not seen...
Xtsunami, I have been trying to understand by pulling up a xauusd 1h chart, then applying the lines @ approx the same areas as yours.

It is getting clearer slowly, it is really amazing - I am not such a geometry or math wizard as probably other great median line traders here.

Please continue, not just "thanks" from me but real gratitude.


________________
michael
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Be like water.
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