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Andrews Pitchfork (Median Line)

  • #3,421
  • Dec 27, 2010 6:35am Dec 27, 2010 6:35am
Probably wont be very much volume in the market, but here is my view of eur/usd off 1hr.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 189 KB
  • #3,422
  • Dec 27, 2010 8:37am Dec 27, 2010 8:37am
Got two charts eur and gbp, both futures.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur fut 122710.gif Size: 29 KB
Click to Enlarge Name: gbp fut 122710.gif Size: 30 KB
  • #3,423
  • Dec 27, 2010 3:55pm Dec 27, 2010 3:55pm
Here's my look at the EUR fwiw...The more I look at markets the more symmetry I see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_12_27-240.JPG Size: 101 KB
Click to Enlarge Name: eur_12_27-60.JPG Size: 107 KB
  • #3,424
  • Dec 27, 2010 6:02pm Dec 27, 2010 6:02pm
An updated look......
Attached Image (click to enlarge)
Click to Enlarge Name: eur_12_27-120.JPG Size: 60 KB
  • #3,425
  • Dec 27, 2010 8:25pm Dec 27, 2010 8:25pm
Quoting ShanB
An updated look......
How would we go long on that red upward fork? seems we missed the move?
  • #3,426
  • Dec 27, 2010 8:35pm Dec 27, 2010 8:35pm
gbp/usd testing median line for the first time, but it's the asian session so lets see what happens. I tend to avoid asia.


Anyone else avoid asia or are there good trades?
Attached Image (click to enlarge)
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  • #3,427
  • Dec 27, 2010 9:21pm Dec 27, 2010 9:21pm
long with 10 pip risk
target 70 pips
Attached Image (click to enlarge)
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  • #3,428
  • Dec 27, 2010 9:24pm Dec 27, 2010 9:24pm
Quoting big_pipin
How would we go long on that red upward fork? seems we missed the move?
I have been waiting for a week for this and fortunatly did catch it!!!

But now i am looking for re-entry. Any help welcome. You can see my blog.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #3,429
  • Dec 27, 2010 10:06pm Dec 27, 2010 10:06pm
Quoting big_pipin
How would we go long on that red upward fork? seems we missed the move?
I would be looking to get short! Look at the count on the 4hr, the larger trend is still down imo
  • #3,430
  • Dec 27, 2010 10:10pm Dec 27, 2010 10:10pm
Quoting ShanB
I would be looking to get short! Look at the count on the 4hr, the larger trend is still down imo
why short?...it looks like e/u is clearly trying to break to the upside...

can you post a chart?
-------

Here are some charts of eur/jpy 1hr. I'm thinking about a long here at the test of support with stops @ 108.727.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-jpy.jpg Size: 164 KB
Click to Enlarge Name: eur-jpy2.jpg Size: 117 KB
  • #3,431
  • Dec 27, 2010 10:25pm Dec 27, 2010 10:25pm
Got long e/j.. night all.
  • #3,432
  • Dec 27, 2010 10:28pm Dec 27, 2010 10:28pm
Quoting big_pipin
why short?...it looks like e/u is clearly trying to break to the upside...

can you post a chart?
-------

Here are some charts of eur/jpy 1hr. I'm thinking about a long here at the test of support with stops @ 108.727.
Yea, this is my count in the EUR. Expecting the 5 pivot to form and take out the lows, but we will see. I don't see the count on your chart, do you use it?
Attached Image (click to enlarge)
Click to Enlarge Name: eur_10_27-count.JPG Size: 69 KB
  • #3,433
  • Dec 27, 2010 11:00pm Dec 27, 2010 11:00pm
Quoting ShanB
Here's my look at the EUR fwiw...The more I look at markets the more symmetry I see.
Keen eye for spotting those symmetrical/repeating moves. Seems to me like somebody wants "X" number of pips when they trade. So, if you can anticipate their flow, then you might have an idea when they are going to trade.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,434
  • Edited Dec 28, 2010 12:11am Dec 27, 2010 11:09pm | Edited Dec 28, 2010 12:11am
Quoting big_pipin
why short?...it looks like e/u is clearly trying to break to the upside...
I have to agree with you BigPipin...think it is trying to go north. Per my chart view it has made an important transition. Would like another test of green, dashed "What-If" fork or red L-MLH. Will have to see how much strength is in the move.


FX4
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd12-28-10 h4.jpg Size: 107 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,435
  • Dec 27, 2010 11:30pm Dec 27, 2010 11:30pm
breakout false on 1,005
I want to see 1.02
[IMG] http://imglink.ru/pictures/28-12-10/...61f16e9c9a.jpg[/IMG]
  • #3,436
  • Dec 28, 2010 5:44am Dec 28, 2010 5:44am
Quoting ShanB
Yea, this is my count in the EUR. Expecting the 5 pivot to form and take out the lows, but we will see. I don't see the count on your chart, do you use it?
Elliot Wave? No. I've been interested in it, but I couldnt find anyone that ever traded it successfully. Seemed to always work better in theory than in practice, but perhaps I'm wrong?..

anyway, here is that eur/jpy trade that I got slaughtered on last night as I slept confidently .
Attached Image(s) (click to enlarge)
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  • #3,437
  • Edited 7:20am Dec 28, 2010 7:07am | Edited 7:20am
Quoting FX4Newbies
I have to agree with you BigPipin...think it is trying to go north. Per my chart view it has made an important transition. Would like another test of green, dashed "What-If" fork or red L-MLH. Will have to see how much strength is in the move.


FX4
Well price pushed up some then fell...in the area of support I was thinking of in the earlier post. (Posted earlier chart here for easy comparison). This will be an interesting place to watch I think. Not sure if this corresponds to your P5 ShanB. Not to mention the effects of US financial news...who knows what announcements are coming that could affect this pair. Just gotta go with the flow...

Take care,

FX4Newbies
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-usd12-28-10 h4.jpg Size: 107 KB
Click to Enlarge Name: eur-usd12-28-10 h4-2.jpg Size: 107 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,438
  • Dec 28, 2010 7:12am Dec 28, 2010 7:12am
what's the difference between pitchfork and trendlines?
  • #3,439
  • Dec 28, 2010 7:17am Dec 28, 2010 7:17am
Quoting rashygomez
what's the difference between pitchfork and trendlines?
To give a brief explanation...there is a built in probability of success with the lines of the fork that is based on the force of the price swing from Pivot 2 to Pivot 3. Trendlines, to my knowledge, don't have a built-in, statistical relationship to each other.

...and that is very brief. Pitchforks are so much more.

Take care,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,440
  • Dec 28, 2010 7:25am Dec 28, 2010 7:25am
so basically they're much more powerful?
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