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Andrews Pitchfork (Median Line)

  • #3,021
  • Nov 2, 2010 8:33pm Nov 2, 2010 8:33pm
GBPUSD-D1
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  • #3,022
  • Nov 2, 2010 10:04pm Nov 2, 2010 10:04pm
I had a similar setup last time. I took a short RED ARROW and then price gone south for about 40 pips and then turn around going up and reached the blue UML. We'll see what happen with this one.
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  • #3,023
  • Nov 2, 2010 10:29pm Nov 2, 2010 10:29pm
Quoting anthoniex
I had a similar setup last time. I took a short RED ARROW and then price gone south for about 40 pips and then turn around going up and reached the blue UML. We'll see what happen with this one.
My view on EU 60-min. Let us see how it will unfold???

TAQ
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  • #3,024
  • Nov 3, 2010 12:10am Nov 3, 2010 12:10am
Quoting taq
My view on EU 60-min. Let us see how it will unfold???

TAQ
There is also another upsloping fork (green) in play which is attracting price (making higher lows and highs in the process). Also, price has broken and stayed above the downsloping white fork.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,025
  • Nov 3, 2010 12:51am Nov 3, 2010 12:51am
Quoting kapital
There is also another upsloping fork (green) in play which is attracting price (making higher lows and highs in the process). Also, price has broken and stayed above the downsloping white fork.
Thanks for the charts. Upsloping PF is still in action but if you notice price is making three drivers & bearish WW probablility of going lower is high.
Let us see how it will unfold

Regards,
TAQ
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  • #3,026
  • Nov 3, 2010 1:04am Nov 3, 2010 1:04am
Kapital and the forkers, great thread, thank all of you for the postings and tips. Can some one tell me where i can get the auto pitchfork, i am using the one in MT4.
Thanks
Vatsan
  • #3,027
  • Nov 3, 2010 1:07am Nov 3, 2010 1:07am
Quoting auxesis
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
auxesis, I am going through your posts with great interest, it is very advanced for me ( as is xtsunami, kapital and others here ).

Question:

I noticed the red/blue/green dots on your charts. Are they unobtrusive pivots for the day ?

I was looking for something like this. When practising forks and median lines I tend to forget the daily range and something like that could remind me without cluttering everything up with dozens of fixed levels.

Is there a link to the one you use here on FF ?

Thank you.


____________
michael
Be like water.
  • #3,028
  • Nov 3, 2010 1:13am Nov 3, 2010 1:13am
Quoting kapital
There is also another upsloping fork (green) in play which is attracting price (making higher lows and highs in the process). Also, price has broken and stayed above the downsloping white fork.
Thank you kapital, for me the white fork still describes market flow best, I can only see it as a trading range and the white fork encompasses that best with its touch points.

Learning....

___________
michael
Be like water.
  • #3,029
  • Nov 3, 2010 4:23am Nov 3, 2010 4:23am
Hi guys.

this is my first post so go easy on me.

I was reading the thread and a chart looked vaguely familiar.

so 2 charts from me. first 4H shows orangish median line with trigger line, broader picture. second 1H used for trade. within blue dash and black dotted medians.

so my reasoning goes... broad horizontal area at 1.4000, historical and recent SR. 1H Bullish Pin, what I consider a continuation signal. a full bar had closed above trigger line. breached dotted black median.

I took the trade. long 1.4044 stop 1.3988 (behind 1.4000 and BUPN). I would look at a TP around a trigger line of the black dot median, that 1.4000 is like a magnet.

I could be wrong, I was with the short test at 1.4005 stop 1.4025.

trainee , Hermit


Quoting taq
Thanks for the charts. Upsloping PF is still in action but if you notice price is making three drivers & bearish WW probablility of going lower is high.
Let us see how it will unfold

Regards,
TAQ
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  • #3,030
  • Edited 7:42am Nov 3, 2010 6:12am | Edited 7:42am
Quoting msmarple

Question:

I noticed the red/blue/green dots on your charts. Are they unobtrusive pivots for the day ?

Is there a link to the one you use here on FF ?
__________
michael
Michael,

Correct, they're pivots, I can't remember where I picked up the code, try this one, not sure if they are the same.

http://www.forexfactory.com/showpost...5&postcount=16

The nuts and bolts behind forks (median lines) share a common ancestry with other geometric anomalies. Ever wonder why the Fib folks always note the 50%- even when it's not a natural fib number? Try drawing the centerline of expanding wedges and triangles and see what you get. A channel and it's center median is just the modified schiff of a fork. A trading range usually doubles when it breaks, A/R (actions/reaction) lines base off the same principle by doubling a channel.... a range(if you will) at an angle. The half measure and it's counterpart , i.e. the double, play themselves repeatedly. These principles however are not strictly bound by the exact highs and lows of a chart, but are sometimes better seen when applied to price action, that may mean tweaking a point or adjusting a line here and there to better reflect time, or filter manipulation.

Thanks for the kind words, but I'm just making note of some things that have found their way into my toolbox. There's plenty of other posters here that have quality posts. Not to single out anyone over others but study Xtsunami's charts when he posts, there's generally more there to explore.

regards.
  • #3,031
  • Nov 3, 2010 9:47am Nov 3, 2010 9:47am
You guys are posting some great charts. I hope i can keep up
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #3,032
  • Edited 6:00pm Nov 3, 2010 11:19am | Edited 6:00pm
Quoting auxesis
Michael,

Correct, they're pivots, I can't remember where I picked up the code, try this one, not sure if they are the same.

http://www.forexfactory.com/showpost...5&postcount=16

The nuts and bolts behind forks (median lines) share a common ancestry with other geometric anomalies. Ever wonder why the Fib folks always note the 50%- even when it's not a natural fib number? Try drawing the centerline of expanding wedges and triangles and see what you get. A channel and it's center median is just the modified schiff of...
Auxesis thank you very much. the main problem I have is applying the fork to sideways markets or difficult ones like eurusd.

On the other hand, there is sometimes a strong trend like now in nzdusd where I can only see a channel. Until now forks seem to work best for me when the pivots have the classical Andrews Fork.....I will slowly work my way towards the more unconventional ones.

I see it is very much a matter of practice.

I have discovered your " realaxation " thread, but the usdjpy charts look so advanced that I think you must be a mathematician or architect - or both.

Will try the pivot - it was just an idea as other traders on FF have so many daily, weekly lines it is difficult to draw lines through them. On the other hand I then know what levels others might be watching quickly.

Best regards.


_____________
michael

( channel in usdchf in pic, where can there be a fork except for smaller TF ? )
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Be like water.
  • #3,033
  • Edited 1:39pm Nov 3, 2010 1:26pm | Edited 1:39pm
Quoting kapital
There is also another upsloping fork (green) in play which is attracting price (making higher lows and highs in the process). Also, price has broken and stayed above the downsloping white fork.
Right smack dab on the kisser!

(I decided to create different slidding parallels (white) than in the previous charts.)
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,034
  • Nov 3, 2010 2:00pm Nov 3, 2010 2:00pm
LOL,

Has the free forum been taken down on Tim's site? Guess that's one way to quiet the critics.

Rolf.
  • #3,035
  • Nov 3, 2010 2:05pm Nov 3, 2010 2:05pm
Looks that way. Very sad. Although the critics in that thread brought up some good points, they should have been addressed to Tim directly via email.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,036
  • Nov 3, 2010 2:23pm Nov 3, 2010 2:23pm
I'm just now trying the ensign chat linked on Tim's site. Although a lot of the rooms I'm running into require passwords, it's a nice piece of software. I really like how when you click a link posted in the chat the page is shown at the top. Pretty cool.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,037
  • Nov 3, 2010 2:47pm Nov 3, 2010 2:47pm
The room I'm in is the median line trading room.

(I'll be in there quite often going forward...provided there are others there.)
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,038
  • Nov 3, 2010 3:11pm Nov 3, 2010 3:11pm
Quoting msmarple
the main problem I have is applying he fork to sideways markets or difficult ones like eurusd.
You don't use a saw to hammer a nail.

If a pitchfork doesn't work, use a different tool or wait for price action to show you something tradeable.

regards,
  • #3,039
  • Edited 11:29pm Nov 3, 2010 4:47pm | Edited 11:29pm
Quoting msmarple
Auxesis thank you very much. the main problem I have is applying he fork to sideways markets or difficult ones like eurusd
Sometimes, a change in perspective helps.

http://www.freewebs.com/fedayi25/133...L531133596.jpg
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,040
  • Nov 3, 2010 5:58pm Nov 3, 2010 5:58pm
haha......great one, yes I only meant the recent chop in eurusd. But congrats to you and your idea of the green additional fork.

So at least 1 trader made something out of that, I stayed out.

Good one.


____________
michael
Be like water.
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