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Andrews Pitchfork (Median Line)

  • #3,041
  • Edited 7:56pm Nov 3, 2010 7:35pm | Edited 7:56pm
Quoting msmarple
( channel in usdchf in pic, where can there be a fork except for smaller TF ? )

Here is a fork in addition to your channel:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 4HR UC 2.GIF Size: 36 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,042
  • Nov 3, 2010 7:42pm Nov 3, 2010 7:42pm
Throw in a Catalin Fork to make things interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: 4HR UC 3.GIF Size: 38 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,043
  • Nov 3, 2010 7:52pm Nov 3, 2010 7:52pm
Non-touch symmetry

Coincidence???

(could also be due to scaling or broker feed so you might find that price did touch the lines on your chart)
Attached Image (click to enlarge)
Click to Enlarge Name: 4HR UC 1.GIF Size: 31 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,044
  • Nov 3, 2010 8:21pm Nov 3, 2010 8:21pm
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.
I guess it wasn't the sign of weakness just a trading range. It's acting the same as my last trade with similar setup. To TAQ, I hope you got some pips from the trade or at least BE.

Thanks Kapital, for the input. Looking at the big picture (higher TF/ bigger fork) always a good idea.
Attached Image (click to enlarge)
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  • #3,045
  • Nov 3, 2010 8:26pm Nov 3, 2010 8:26pm
If you have time, drop by the ensign chat room (Median Line Trading).
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,046
  • Nov 3, 2010 9:57pm Nov 3, 2010 9:57pm
Quoting kapital
If you have time, drop by the ensign chat room (Median Line Trading).
skype or meebo ?
  • #3,047
  • Nov 3, 2010 11:28pm Nov 3, 2010 11:28pm
Quoting zuya
skype or meebo ?
Ensign

I accessed it through Tim Morge's website. Just click "chat" and follow the instructions.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,048
  • Nov 4, 2010 1:12am Nov 4, 2010 1:12am
Quoting kapital
Non-touch symmetry

Coincidence???

(could also be due to scaling or broker feed so you might find that price did touch the lines on your chart)
Great, thank you. I was so focused on that low itself and missed that.

Actually your way of drawing is a lesson on drawing turnarounds in general. I have to go back in the charts and see typical V shaped and W shaped turns and practice from there.

_______________

michael
Be like water.
  • #3,049
  • Nov 4, 2010 1:23am Nov 4, 2010 1:23am
Quoting msmarple
Great, thank you. I was so focused on that low itself and missed that.

Actually your way of drawing is a lesson on drawing turnarounds in general. I have to go back in the charts and see typical V shaped and W shaped turns and practice from there.

As I said before, sometimes you have to "trim the hedges".
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,050
  • Nov 4, 2010 2:24am Nov 4, 2010 2:24am
following from yesterday. update to 1H chart. FOMC hit stop (woops). as my excuse I dont usually trade 1H charts, it's 3M ASX200 and 1D anything.

today price above dotted black trigger line (used as TP target yesterday), passed through new dotted magenta median.

if long then I'll look to the upper dotted magenta or dashed blue as TP. there appears to be clear air.

if short its kinda messy, lots a traffic... dotted black trigger, lower dotted magenta median, dotted magenta lower trigger, dashed blue lower median, return to touch 1.4000 SR.

I have a pending long, but betcha it heads south.

trainee, Hermit

Quoting hermit
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...
Attached Image (click to enlarge)
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  • #3,051
  • Edited 2:07pm Nov 4, 2010 2:07pm | Edited 2:07pm
I was thinking that the extreme CHF strength was just now to push usdchf down, chfjpy up etc. and that the drop in eurchf might just be a temporary retrace.

When the market is so alternating between lethargy and sudden moves sometimes the last 30min of US stocks provide some gains.


But this might all be bogus, what do I know....


______________
michael
Attached Image (click to enlarge)
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Be like water.
  • #3,052
  • Nov 4, 2010 4:56pm Nov 4, 2010 4:56pm
I get out with small gain, market is too slow for anything.



______________
michael
Attached Image (click to enlarge)
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Be like water.
  • #3,053
  • Nov 4, 2010 9:58pm Nov 4, 2010 9:58pm
nice runs up the last couple days
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #3,054
  • Nov 4, 2010 10:03pm Nov 4, 2010 10:03pm
...
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m15.gif Size: 25 KB
  • #3,055
  • Nov 4, 2010 10:24pm Nov 4, 2010 10:24pm
Quoting anthoniex
...
Nice long off the consolidation base for support, pick a channel if she holds look for 82 tomorrow, support breaks and the southern channel holds, magnet cross confluence at 80.

fwiw
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  • #3,056
  • Nov 5, 2010 4:20am Nov 5, 2010 4:20am
Thank you for usdjpy, at least I can see that some kind of market structure is there.....

eurchf 4h most simple version for me )

Good trading.


_____________
michael
Attached Image (click to enlarge)
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Be like water.
  • #3,057
  • Nov 5, 2010 4:56am Nov 5, 2010 4:56am
maybe if eurusd gives way today ( friday ) and chf stays strong, we will see even lower levels on eurchf.

+33 pips, I stay out for today.

Everyone a nice weekend.

eaglestar, your charts did NOT go unnoticed....

_______________
michael
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Be like water.
  • #3,058
  • Nov 7, 2010 6:47am Nov 7, 2010 6:47am
Eur/Jpy 4hr and 15min charts could be setting up for a long. I'm going to keep an eye on this.
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  • #3,059
  • Nov 7, 2010 6:51am Nov 7, 2010 6:51am
Lovely short off GBP/USD Daily.
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  • #3,060
  • Nov 7, 2010 6:54am Nov 7, 2010 6:54am
Not got much on Eur/Usd 4hr. Post up your charts and we can all share ideas with each other for the week ahead, I notice lines I haven't seen before and visa versa.
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