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Andrews Pitchfork (Median Line)

  • #3,501
  • Dec 29, 2010 5:00am Dec 29, 2010 5:00am
4 hr pin at a confluence are for Gold.
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  • #3,502
  • Dec 29, 2010 8:52am Dec 29, 2010 8:52am
...
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,503
  • Dec 29, 2010 9:03am Dec 29, 2010 9:03am
...
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Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #3,504
  • Edited 11:23am Dec 29, 2010 9:34am | Edited 11:23am
Quoting FX4Newbies
Just sharing another view of Eur-Gbp...not trying to confuse the issue. I'm not convinced about bullish from this view. Price fell outside of green fork met resistance and fell again. Hmm...Need a tell to confirm.

FX4Newbies
This is why trading with "hope" is so dangerous. The market is ALWAYS right. Believe it and trade in agreement with it. Arrow and shaded area show what happens when we try to fight the market...it fights back. First chart here was posted with the quote.

Take care,

FX4Newbies
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Trade what you see, not what you think or feel. Let the market come to you.
  • #3,505
  • Edited 5:08pm Dec 29, 2010 4:31pm | Edited 5:08pm
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
Price did find support in the area of the green, dashed "What-If" fork/red L-MLH before blasting off today. It was an important place to watch for the next move. Original chart, intermediary re-test chart and chart from today attached. New highs not yet made...will have to see how strong this will be.

FX4Newbies
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Trade what you see, not what you think or feel. Let the market come to you.
  • #3,506
  • Dec 29, 2010 9:07pm Dec 29, 2010 9:07pm
Hi pipin

Updated EG 240-min chart
Price did bounce back from ML but the bar was not tradeable for me.
I will wait for price to break ML & retest to initiate short or take the last swing high & retest quartile to initiate long. Let us see how price will unfold.

Remember let the PA confirm your PF not the other way round.

Regards,
TAQ
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  • #3,507
  • Dec 29, 2010 9:19pm Dec 29, 2010 9:19pm
Quoting GreatYves
Some fork are undeniable. When price react to it so often... Hehe while i am writing this message, e/u bounce of an energy point very noticeably. I'm long for a scalp. Or that could just be the re-entry i was looking for yesterday... We'll see.
Attachment

Ok, while i was at the cinema watching harry Potter... Price have reached U-MLH nicely. I am afraid but what about a short from now? My sell stop is set.
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  • #3,508
  • Dec 29, 2010 9:30pm Dec 29, 2010 9:30pm
Quoting GreatYves
Ok, while i was at the cinema watching harry Potter... Price have reached U-MLH nicely. I am afraid but what about a short from now? My sell stop is set.
Attachment
Nice one GY also price is reversing from daily quartile nice place to initiate shorts. Let us see how price will unfold.Also have a look @ GU daily retesting ML.

Happy piping
TAQ
  • #3,509
  • Dec 29, 2010 9:51pm Dec 29, 2010 9:51pm
Hey taq,
I use PA for confluence at areas where I see support or resistance. I see that you are doing the something similar! What types of bar(s) patterns do you look for?
  • #3,510
  • Dec 29, 2010 9:57pm Dec 29, 2010 9:57pm
Quoting taq
Nice one GY also price is reversing from daily quartile nice place to initiate shorts. Let us see how price will unfold.Also have a look @ GU daily retesting ML.

Happy piping
TAQ
Thank you. It's good to know your sharing my view on EU. GU might also be candidate for a short, a retest of the 4 HR L-MLP. sounds plausible. And seems in sync with GU natural cycle. But wouldn't we need a daily candle close in order to validate the re-test of the daily ML? Also the 200 SMA is lying just under @ 5400. (100 pips)
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  • #3,511
  • Dec 29, 2010 10:05pm Dec 29, 2010 10:05pm
30-12-2010
Guys...what do u think? Can we trade tonight for pair EU or not? More trader are holyday...
  • #3,512
  • Dec 29, 2010 10:21pm Dec 29, 2010 10:21pm
Quoting ShanB
Hey taq,
I use PA for confluence at areas where I see support or resistance. I see that you are doing the something similar! What types of bar(s) patterns do you look for?
Not bar patterns as such. I concentrate mainly on price rejection or shadow or wick of bar @ PF or S/R zones .
  • #3,513
  • Dec 29, 2010 10:28pm Dec 29, 2010 10:28pm
Ok... Long time no play with GU... Let's start with the beginning.

The Monthly:
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The Weekly:
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The Daily:
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The 4HRS:
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  • #3,514
  • Dec 29, 2010 10:29pm Dec 29, 2010 10:29pm
Quoting GreatYves
Thank you. It's good to know your sharing my view on EU. GU might also be candidate for a short, a retest of the 4 HR L-MLP. sounds plausible. And seems in sync with GU natural cycle. But wouldn't we need a daily candle close in order to validate the re-test of the daily ML? Also the 200 SMA is lying just under @ 5400. (100 pips)
That would be too late if we wait for dailies to close & also risk will increase .If price is or @ around important zones we can go to 240 or 60-min chart to check how price is behaving .

GY what indicator you are using for ratios? I am looking for something similar which can show exact ratios not harmonic or equivalent with no. of bars & less colorful if you have any plz share.

Regsrds,
TAQ
  • #3,515
  • Dec 29, 2010 11:01pm Dec 29, 2010 11:01pm
Quoting taq
That would be too late if we wait for dailies to close & also risk will increase .If price is or @ around important zones we can go to 240 or 60-min chart to check how price is behaving .

GY what indicator you are using for ratios? I am looking for something similar which can show exact ratios not harmonic or equivalent with no. of bars & less colorful if you have any plz share.

Regsrds,
TAQ
Zup does a good job but have to much stuff showing. I like to use a set of zz done by same author. zigzag_new_nen3 is required for the other to work.
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File Type: mq4 ZigZag_new_nen3.mq4   8 KB | 582 downloads


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File Type: mq4 Zigzag_H4.mq4   199 KB | 524 downloads


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File Type: mq4 Zigzag_D.mq4   199 KB | 566 downloads


Attached File(s)
File Type: mq4 Zigzag_W.mq4   199 KB | 536 downloads
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  • #3,516
  • Dec 29, 2010 11:04pm Dec 29, 2010 11:04pm
Attached Image(s) (click to enlarge)
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Let someone arise from my bones as an avenger. Jesse Livermore
  • #3,517
  • Dec 29, 2010 11:22pm Dec 29, 2010 11:22pm
Quoting forkTrader

Thank you for sharing!
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  • #3,518
  • Edited 2:51am Dec 30, 2010 1:51am | Edited 2:51am
Quoting GreatYves
Zup does a good job but have to much stuff showing. I like to use a set of zz done by same author. zigzag_new_nen3 is required for the other to work.
Attachment

Attachment

Attachment

Attachment
Thanks for sharing.Nice reversal in EU & GU.Let us see how it will unfold.
  • #3,519
  • Dec 30, 2010 3:38am Dec 30, 2010 3:38am
Weekly US 10 yr note.
Look at the symmetry & beauty & how price respected the PF. These markets are the first to show reversal & S&P & major pairs are negatively correlated to 10 yr note. It might create problem for indexes & EU & GU weekly are already in down trend.

Let us see how it will unfold?

Regards,
TAQ
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  • #3,520
  • Dec 30, 2010 4:21am Dec 30, 2010 4:21am
I put of a screen shot of my open position of the USD/CHF.
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