Andrews Pitchfork (Median Line) | Page 161 | 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)

  • #3,201
  • Nov 16, 2010 7:47pm Nov 16, 2010 7:47pm
Quoting auxesis
1) 3 dives/ Wolfe both 3&5 points ending 1.618 extensions.

nice work and great observation auxesis

.
  • #3,202
  • Nov 16, 2010 11:27pm Nov 16, 2010 11:27pm
charts for today. sorry a little late on this. Happy pipping. These include some practice drawing on 4h charts that gave me some good entries for eurgbp and gbpjpy.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-16_00023.jpg Size: 98 KB
Attached File(s)
File Type: zip eaglestarCHARTS11-16-10.zip   1.0 MB | 328 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #3,203
  • Nov 17, 2010 5:11am Nov 17, 2010 5:11am
NJ60
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-17_2110.png Size: 26 KB
  • #3,204
  • Nov 17, 2010 7:22am Nov 17, 2010 7:22am
Quoting eaglestar
charts for today. sorry a little late on this. Happy pipping. These include some practice drawing on 4h charts that gave me some good entries for eurgbp and gbpjpy.
Thank you, a great tool for me ! Over time I can discern better what are the paractice channels/lines for you and what areas you see as potential entries/exits.


_________
michael
Be like water.
  • #3,205
  • Nov 17, 2010 9:13am Nov 17, 2010 9:13am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP BAT17 11.jpg Size: 205 KB
  • #3,206
  • Nov 17, 2010 4:03pm Nov 17, 2010 4:03pm
Possible Swing trade for Euro...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11-17_eur_1.JPG Size: 90 KB
Click to Enlarge Name: 11-17_eur_2.JPG Size: 97 KB
  • #3,207
  • Nov 17, 2010 4:09pm Nov 17, 2010 4:09pm
...............
Attached Image (click to enlarge)
Click to Enlarge Name: 11-17_eur_3.JPG Size: 74 KB
  • #3,208
  • Nov 17, 2010 8:40pm Nov 17, 2010 8:40pm
Quoting ShanB
...............
Hi ShanB,

Just FYI, the line you have marked as "Hagopian Line" is most definitely not. It is the lower trigger line. The "Hagopian Rule" is not well described anywhere, but "Hagopian" only applies if a normally drawn fork has a target such as the MedianLine, and price advances towards it but fails to reach the target. The failure is a sign of strength in the opposite direction.

I saw a chart by Dogola on the web that did label the trigger line as an "Hagopian Line", but I think that was just confusing to do so. That's not my recollection of how one would label an H.L. (but I can't find my notes on the rule and line).

http://www.esignallearning.com/educa...px?date=022709


If you compare your own charts, if your Andrews is points 0,1,2, then price already crossed the ML and "Hagopian" wouldn't apply. If instead you draw a fork with 0, "5???" and the current low, price hasn't yet tried to advance (and then fail to reach) to the Median Line. Only after it would advance upwards and then fail to reach a clear target would "Hagopian" have anything to do with this.


Other than that, good charts. Price action on the Euro does seem to be trying to rise for a retrace. I tend to favor that view, but it does seem to be taking a long time to rise. It may just sputter out and become a flag prior to another push lower.
  • #3,209
  • Nov 17, 2010 9:15pm Nov 17, 2010 9:15pm
Quoting pips4life
Hi ShanB,

Just FYI, the line you have marked as "Hagopian Line" is most definitely not....
I stand corrected! I should have labeled it a "trigger line". Hagopians rule only applies when price fails to reach the ml and the trigger line becomes the hagopian line. I have some material from Gordon DeRoos on the hagopian rule
if you would like it...

My point was to draw out possible scenarios! The trigger combined with overbalancing would be a strong tell that the last high was in fact a p5
  • #3,210
  • Nov 18, 2010 4:34am Nov 18, 2010 4:34am
eur/chf
http://www.forexfactory.com/showthre...58#post4181658
  • #3,211
  • Nov 18, 2010 6:24pm Nov 18, 2010 6:24pm
Quoting PeterE
NJ60

PeterE, what led you the use of the baseline midpoint as a pivot?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,212
  • Edited 6:51pm Nov 18, 2010 6:36pm | Edited 6:51pm
Quoting PeterE
i just draw any way it works
At the end of the day, that is what really matters.

At the same time, it does not negate the standard way of doing things. It's just another way of "thinking inside the box".

Cycles are often spoken about. The cycle for the frequency for a pitchfork may not kick in full gear until there is a directional or trend change. This daily chart for USD/JPY certainly speaks to that. The area highlighted with the ellipse says to me, "Hey, don't throw me away....I'll be useful later".
Attached Image (click to enlarge)
Click to Enlarge Name: DAILY UJ.GIF Size: 36 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,213
  • Nov 18, 2010 7:08pm Nov 18, 2010 7:08pm
it was an m.schiff...........it looked good at the time of drawing

Quoting kapital
PeterE, what led you the use of the baseline midpoint as a pivot?
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-19_1107.png Size: 30 KB
  • #3,214
  • Nov 18, 2010 8:39pm Nov 18, 2010 8:39pm
My take on the euro, I have my expectations and am waiting for PA confirmation where my SL will be above 1.3695, Tp1 around 1.3551, Tp2 1.3438, Tp3 1.3316, looks like price is touching the ML now, so just waiting for red candle, may take some time if no red candle no trade, simple
Attached Image (click to enlarge)
Click to Enlarge Name: euro$$.gif Size: 30 KB
  • #3,215
  • Nov 18, 2010 9:53pm Nov 18, 2010 9:53pm
Quoting pet
My take on the euro, I have my expectations and am waiting for PA confirmation where my SL will be above 1.3695, Tp1 around 1.3551, Tp2 1.3438, Tp3 1.3316, looks like price is touching the ML now, so just waiting for red candle, may take some time if no red candle no trade, simple

Well, everyone has got different risk appetite, this trade is ok for mine, I still have one sell position still open from on the 15th Nov.(chart was posted on another thread) after closing two other positions taken at the same time, so adding a new position here at 1.3626, 1.3681 will be my Sl for this trade, target remains as in previous post.

More pips to all.
  • #3,216
  • Edited 10:17pm Nov 18, 2010 10:03pm | Edited 10:17pm
Quoting msmarple
Thank you, a great tool for me ! Over time I can discern better what are the paractice channels/lines for you and what areas you see as potential entries/exits.


_________
michael
Your welcome bro, anything I can do to help. I will be making videos shortly, let me know how you like them. Here are some charts I updated today. A lot of retracements and dollar and yen weakness today. Including my Gold dollar action reaction update of nonequidistant lines. I like to think of this is my Chart Art
PS forgot to say been studying Mental Photography and Photoreading. These techniques are amazing. Google Photoreading testimonials. Your mind is capable of so much more
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-18_00001.jpg Size: 126 KB
Attached File(s)
File Type: zip eaglestarCHARTS11-18-10.zip   483 KB | 309 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #3,217
  • Nov 18, 2010 10:23pm Nov 18, 2010 10:23pm
Quoting pet
Well, everyone has got different risk appetite, this trade is ok for mine, I still have one sell position still open from on the 15th Nov.(chart was posted on another thread) after closing two other positions taken at the same time, so adding a new position here at 1.3626, 1.3681 will be my Sl for this trade, target remains as in previous post.

More pips to all.
Nice setup pet low risk EU can break 16th low let us see how it will unfold.

Happy piping
  • #3,218
  • Nov 18, 2010 11:35pm Nov 18, 2010 11:35pm
Quoting eaglestar
Your welcome bro, anything I can do to help. I will be making videos shortly, let me know how you like them.
Way to go Eaglestar! looking forward to it.
  • #3,219
  • Nov 19, 2010 12:41am Nov 19, 2010 12:41am
Quoting pet
Well, everyone has got different risk appetite, this trade is ok for mine, I still have one sell position still open from on the 15th Nov.(chart was posted on another thread) after closing two other positions taken at the same time, so adding a new position here at 1.3626, 1.3681 will be my Sl for this trade, target remains as in previous post.

More pips to all.

Pet I didn't notice this. Might create problem in short term.

TAQ
Attached Image (click to enlarge)
Click to Enlarge Name: f244.gif Size: 12 KB
  • #3,220
  • Nov 19, 2010 4:11am Nov 19, 2010 4:11am
Quoting msmarple
Hello and thank you,

this is one of the basic requirements for the visual representation of price and time. You can search for terms like " proper scaling of charts ". There are some platforms that are rather poor in that aspect like Mt4, other platforms such as Ensign, Tradenavigator ( Genesis ) or Neoticker provide such tools.

I really don`t want to get in to this too much per way of citing links etc., that would maybe look as if I had any commercial interest ( which I do not have at all ).

For me the proper scaling of charts and fixing...
Thanks MSMarple,

Will do some research. By the way, been looking for some simple info. on the Gann Square/Grid. Always been curious about his methodology. Any leads there?

Thanks in advance,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
2 traders viewing now