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Andrews Pitchfork (Median Line)

  • #3,001
  • Nov 1, 2010 3:57pm Nov 1, 2010 3:57pm
fork+renko (renko take out a lot of noise). Seem like the chart looks much clearer to see.
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  • #3,002
  • Edited 7:58pm Nov 1, 2010 7:45pm | Edited 7:58pm
Frequency set to lower median retest

fwiw
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  • #3,003
  • Nov 1, 2010 9:55pm Nov 1, 2010 9:55pm
Quoting auxesis
Frequency set to lower median retest

fwiw
In other words, sliding parallels placed on the modified schiff median lines, correct?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,004
  • Nov 1, 2010 10:11pm Nov 1, 2010 10:11pm
...
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Click to Enlarge Name: HOURLY EU 2.GIF Size: 38 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,005
  • Nov 1, 2010 10:41pm Nov 1, 2010 10:41pm
Quoting kapital
In other words, sliding parallels placed on the modified schiff median lines, correct?
Actually, I was after this set and it's adjustment (not necessarily to the preceding candle bottom for the p0) , and then started adding the other smaller sets whilst doodling with the chart.

A Higher time frame view and there's lots of time between the p2 and the following retest of the lower median. Tis probably not the best example for what I was after as a slider drawn off the lower median picks up the repeating tests and bounces as well. (red slider)

Often times when the points p0,1,2 are set, the following retest can over/under shoot the line, the distance is often measured and copied from the original median lines, a tool for displaced time...... but there are times when the angle of the set can be adjusted to the retest point, and the following lines will pick up price nicely.

regards.
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  • #3,006
  • Nov 1, 2010 11:15pm Nov 1, 2010 11:15pm
Looking at eur/gbp on daily. Having a nice pull back..will we continue higher after the retracement?. Here is my analysis.
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  • #3,007
  • Nov 1, 2010 11:22pm Nov 1, 2010 11:22pm
Here is the 4hr view. Price testing lower median line.
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  • #3,008
  • Nov 2, 2010 1:06am Nov 2, 2010 1:06am
Quoting big_pipin
Looking at eur/gbp on daily. Having a nice pull back..will we continue higher after the retracement?. Here is my analysis.
Nice trade pipin also if you noticed Weekly made Engulfing bear .
Probably it can break last swing low over the next month or so let us see how it will unfold.

Regards,
TAQ
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  • #3,009
  • Nov 2, 2010 1:39am Nov 2, 2010 1:39am
^ well in that case, I dont know if I want to go long anymore. What do you think of the daily chart?..it did break its previous swing high (7/19) ..that must mean something for bulls.
  • #3,010
  • Nov 2, 2010 2:38am Nov 2, 2010 2:38am
Quoting big_pipin
^ well in that case, I dont know if I want to go long anymore. What do you think of the daily chart?..it did break its previous swing high (7/19) ..that must mean something for bulls.

You can scalp long in 240-min or on daily's if the price is showing reversal but use tight SL & RR will be not favourable untill it take the Weekly high.

Remember one thing, Longer time frame always overpower the smaller timeframe.

For Example,
I posted this on sept 1st
I see Major pairs are turning upwards along with S&P.

http://www.forexfactory.com/showpost...postcount=2507

This was based on daily's & weekly's charts.
In the last 2 months I do trade on the short side on 60 & 240-min but with Small SL & small RRR & majority of my trades were on long side.

Sep1 Nov1
S&P 1052 1082 (+30)
EU 1.26788 1.38956 (+12168)
GU 1.53475 1.60400 (+6925)
AU 0.89043 0.98726 (+9683)


Regards,
TAQ
  • #3,011
  • Nov 2, 2010 3:09am Nov 2, 2010 3:09am
Quoting auxesis
Actually, I was after this set and it's adjustment (not necessarily to the preceding candle bottom for the p0) , and then started adding the other smaller sets whilst doodling with the chart.

A Higher time frame view and there's lots of time between the p2 and the following retest of the lower median. Tis probably not the best example for what I was after as a slider drawn off the lower median picks up the repeating tests and bounces as well. (red slider)

Often times when the points p0,1,2 are set, the following retest can over/under...
That is great information for my question about readjusting lines if price under/overshoots the lines.

Thanks auxesis and kapital !


______________
michael
Be like water.
  • #3,012
  • Nov 2, 2010 8:07am Nov 2, 2010 8:07am
Quoting auxesis
Often times when the points p0,1,2 are set, the following retest can over/under shoot the line, the distance is often measured and copied from the original median lines, a tool for displaced time...... but there are times when the angle of the set can be adjusted to the retest point, and the following lines will pick up price nicely.
Ahhhh.....I see what you mean. Thanks a bunch!
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,013
  • Nov 2, 2010 8:24am Nov 2, 2010 8:24am
LML held; new high; higher lows; break of white UML (nice separation). Although bullish, price is running into a resistance area.

( I removed the lower purple sliding parallel from chart for now. I added a new upper purple sliding parallel.)
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,014
  • Nov 2, 2010 8:50am Nov 2, 2010 8:50am
...
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,015
  • Nov 2, 2010 9:12am Nov 2, 2010 9:12am
There is also a touch of the fork (w/separation) on the backside of the basline of the fork as well.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,016
  • Nov 2, 2010 9:24am Nov 2, 2010 9:24am
Here is yet another alternative:
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,017
  • Nov 2, 2010 10:22am Nov 2, 2010 10:22am
Just bringing the best two for EUR/AUD together. I'll monitor the third in the background.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,018
  • Edited 7:02pm Nov 2, 2010 6:53pm | Edited 7:02pm
Attachment EURUSD M5 PitchFork, Feedback is appreciated.
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  • #3,019
  • Nov 2, 2010 7:41pm Nov 2, 2010 7:41pm
Your choice for p2, the low with sliding parallel taken off the median, or the bottom right corner of the consolidation (measuring from the start of the move)... either way the lines capture the move.

fwiw
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  • #3,020
  • Edited 8:12pm Nov 2, 2010 8:10pm | Edited 8:12pm
ABCD+FIB+ML
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