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Andrews Pitchfork (Median Line)

  • #3,481
  • Dec 28, 2010 11:01pm Dec 28, 2010 11:01pm
Quoting taq
This is the point I want you to clearly understand. Do the opposite what you are doing.
Let the price action confirm your pitchfork.

Donot try to force your PF,donot shift pivots to force price inside fork, check all 3 PF by using SWING HLH OR LHL structure , than let the price confirm your PF. If all 3 (andrew, schiff & modified schiff) not able to confirm than wait for other pairs or other opportunities to come let it go.
Hope I dont frustrate anyone, but I'm trying to clear some things up, because if what you claim is true, ive been drawing probably 50% of my forks over the past year all wrong

When you draw a trend line, you draw the line to match the price action by connecting the line to a series of pivots....so why is it wrong to do this with forks?

The blue fork is a LHL structure just like your looking for.
  • #3,482
  • Dec 28, 2010 11:07pm Dec 28, 2010 11:07pm
Is this what you mean by LHL, and HLH? .. i assume its where the pivots are for the P1, P2 and P3 ?

Here are some I marked....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: lhl.jpg Size: 135 KB
Click to Enlarge Name: lhl2.jpg Size: 153 KB
  • #3,483
  • Dec 28, 2010 11:08pm Dec 28, 2010 11:08pm
Quoting GreatYves
I tried my best to frame eurgbp. Here's what it look like to my opinion.
Attachment
Here is my view of the H4 time-frame on Eur-Gbp. How does it look now?

Your red fork caught price very well, but to my eye, it doesn't help me to understand the context of the market surrounding it. Am I making sense GreatYves?

FX4Newbies
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp12-29-10 h4-2.jpg Size: 107 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,484
  • Dec 28, 2010 11:17pm Dec 28, 2010 11:17pm
Quoting big_pipin
Is this what you mean by LHL, and HLH? .. i assume its where the pivots are for the P1, P2 and P3 ?

Here are some I marked....
Are you looking for swing lows and swing highs for your LHL or HLH or lows and highs of candles along a swing? My suggestion is that you start with the whole swing as it is that line of force that produces the next move.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,485
  • Dec 28, 2010 11:22pm Dec 28, 2010 11:22pm
Quoting big_pipin
Hope I dont frustrate anyone, but I'm trying to clear some things up, because if what you claim is true, ive been drawing probably 50% of my forks over the past year all wrong

When you draw a trend line, you draw the line to match the price action by connecting the line to a series of pivots....so why is it wrong to do this with forks?

The blue fork is a LHL structure just like your looking for.
The Pitchfork is a tool that is designed to project the future price move based on the preceding price swing created by two pivots. There is a built in relationship. I did a video that goes over some fork basics. I also discuss a bouncing ball and I explain some things there. You'll also get to see one approach of analysis starting with naked charts. Maybe that will help: http://www.forexfactory.com/showthre...242133&page=72 Post 1072.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,486
  • Dec 28, 2010 11:22pm Dec 28, 2010 11:22pm
Quoting FX4Newbies
Here is my view of the H4 time-frame on Eur-Gbp. How does it look now?

FX4Newbies

We view it the same...

Big_Pipin, it's all about helping each other and sharing our view.

Me i use a simple zigzag indicator wich is based on fractal to help me spot the pivot. Then i try all the combination of regular and schiff fork going from the most recent pivot point back to whatever make sense and only keep the forks that seems "tuned" to the chart. It not so subjective. I think we should concentrate here on a few pair only so we get all the same fork agreement.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #3,487
  • Dec 28, 2010 11:26pm Dec 28, 2010 11:26pm
Quoting FX4Newbies
The Pitchfork is a tool that is designed to project the future price move based on the preceding price swing created by two pivots. There is a built in relationship. I did a video that discusses a bouncing ball and I explain some things there. Maybe that will help: http://www.forexfactory.com/showthre...242133&page=72 Post 1072.

FX4Newbies
Didnt see any video... you mean the trading naked site?
  • #3,488
  • Dec 28, 2010 11:27pm Dec 28, 2010 11:27pm
Quoting GreatYves
We view it the same...
Yes, we have the same internal fork drawn.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,489
  • Dec 28, 2010 11:29pm Dec 28, 2010 11:29pm
Quoting big_pipin
Didnt see any video... you mean the trading naked site?
No. If you go to the post there is the word "here" in the first sentence. That will take you to it.
http://www.forexfactory.com/showthre...242133&page=72 Post 1072.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,490
  • Dec 28, 2010 11:30pm Dec 28, 2010 11:30pm
Here's Dr Mircea Dologa free December report. His view our very interesting.. I am sure you gonna like it. Click here.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #3,491
  • Dec 28, 2010 11:33pm Dec 28, 2010 11:33pm
Eur/Usd have stalled, and i want to go to bed. Close with 14 pips... Goodnight all!
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #3,492
  • Dec 28, 2010 11:36pm Dec 28, 2010 11:36pm
I'm liking everyones charts! IMO Forks in general are not all that subjective as the major pivots tend to stick out over time. At times I do play around with some alternate pivots apart from the major ones, but this is only when I can clearly see the geometry.

The light pink fork in the 2 hr chart is a fork from nontraditional pivots and I would consider it an alternative that might be in play.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBP_12_28-120.JPG Size: 89 KB
Click to Enlarge Name: EURGBP_12_28-240.JPG Size: 105 KB
  • #3,493
  • Dec 28, 2010 11:37pm Dec 28, 2010 11:37pm
Quoting GreatYves
Here's Dr Mircea Dologa free December report. His view our very interesting.. I am sure you gonna like it. Click here.
Yup!!! Very analytical. I believe he was a physician so I guess he is very thorough in his approach.

Thanks,

FX4Newbies

P.S. It's been some time since I have seen his work.
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,494
  • Dec 28, 2010 11:44pm Dec 28, 2010 11:44pm
Quoting ShanB
I'm liking everyones charts! IMO Forks in general are not all that subjective as the major pivots tend to stick out over time. At times I do play around with some alternate pivots apart from the major ones, but this is only when I can clearly see the geometry.

The light pink fork in the 2 hr chart is a fork from nontraditional pivots and I would consider it an alternative that might be in play.
Very nice charts with more context...it always helps to flesh out the picture. Thanks for sharing.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,495
  • Dec 29, 2010 12:27am Dec 29, 2010 12:27am
http://imglink.ru/pictures/29-12-10/...c31b313571.jpg
  • #3,496
  • Dec 29, 2010 1:18am Dec 29, 2010 1:18am
Nzd/jpy looking ripe for a short trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdjpy.jpg Size: 165 KB
Click to Enlarge Name: nzdjpy-2.jpg Size: 135 KB
  • #3,497
  • Dec 29, 2010 1:30am Dec 29, 2010 1:30am
Got the pop on e/g... now hope we close at the highs and dont sell off any time soon!.
  • #3,498
  • Edited 9:24am Dec 29, 2010 1:41am | Edited 9:24am
Quoting big_pipin
Got the pop on e/g... now hope we close at the highs and dont sell off any time soon!.
Saw the pop...hope it goes....not trading though...have lots to get done before the New Year rolls in. Wish you well.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #3,499
  • Dec 29, 2010 2:19am Dec 29, 2010 2:19am
...
Attached Image (click to enlarge)
Click to Enlarge Name: EG.GIF Size: 32 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,500
  • Dec 29, 2010 2:23am Dec 29, 2010 2:23am
Moving eg to breakeven, I dont like the sell off on this 1hr bar.
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