Andrews Pitchfork (Median Line) | Page 182 | 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)

  • #3,621
  • Jan 5, 2011 2:55am Jan 5, 2011 2:55am
Quoting Orbital
Not disagreeing with you here, pitchfork bounce correlated with that zone... there is A LOT, and i mean a boatload of sellers in that zone, right now im trying to figure out which fund it is thats holding those positions tightly.

Im expecting it to fall another 200 pips to the designated support zone with the black box but it should crash through that aswell since the only real support in my oppinion is the green box.

Giving you a Vouch btw, so far your charts and analysis have always been superb. And im not being biased here because our forks...

It is difficult to find out who the sellers are & what are the reasons until too late.This movement will affect indexes badly.

Updated EU 240 & US 10 yr note, adding some GU shorts here . Let us see how it will unfold.

Thanks for the Vouch.

Regards,
TAQ
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gci016.gif Size: 16 KB
Click to Enlarge Name: gci018.gif Size: 15 KB
Click to Enlarge Name: f292.gif Size: 20 KB
Click to Enlarge Name: f293.gif Size: 16 KB
  • #3,622
  • Jan 5, 2011 3:01am Jan 5, 2011 3:01am
I forgot to update EG chart. look at the beauty of ML. These a not after the fact.
We had discussion on this chart.

http://www.forexfactory.com/showpost...postcount=3477

TAQ
Attached Image(s) (click to enlarge)
Click to Enlarge Name: f283.gif Size: 18 KB
Click to Enlarge Name: f294.gif Size: 17 KB
  • #3,623
  • Jan 5, 2011 4:39am Jan 5, 2011 4:39am
prosperous New Year to all....

Just to throw a little bit more into the Euro thought pot:

On the daily, having turned at the blue median, its LP is an open target.
The red Mod schiff 25% increasingly looks in tune, increasing validity of the red median. Will keep an eye on that intersect of the 25%s, should price re-visit ...

The 240min looks bearish, with a pin rejection of the UP. The blue mod schif clearly has some frequency, but hasn't made enough upside for me to lean on it for longs. Looks to me that price is rolling out of it....

And looking at the move off the high:
A lovely ABC 1:1 off the high, followed by a sideways corrective backtest of the trend line. There are stacks of harmonics in this correction, 1:1s, 0.618s, etc, some shown. Bottom line is, the wider 1:0.618 shown could be it for the correction, in which case the next down move will get underway soonish. If not, more sideways noise as it tries to make the 1:1......

Oh, and if it takes out the 1.30 area from here, then it would be a live 0.382 retrace of the first ABC down. 0.382 retraces are good news. Often, they are followed by big moves......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 001 Jan. 05...Eur01.jpg Size: 104 KB
Click to Enlarge Name: 002 Jan. 05...Euro2.jpg Size: 122 KB
Click to Enlarge Name: 003 Jan. 05...Euro3.jpg Size: 113 KB
  • #3,624
  • Jan 5, 2011 6:27am Jan 5, 2011 6:27am
Adding my charts in here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hrclose.PNG Size: 31 KB
Click to Enlarge Name: 4hrclose_1.png Size: 38 KB
Click to Enlarge Name: 4hrclose_2.png Size: 43 KB
  • #3,625
  • Jan 5, 2011 11:49pm Jan 5, 2011 11:49pm
My view on GU 240-min.
Let us see how it will unfold.

Regards,
TAQ
Attached Image (click to enlarge)
Click to Enlarge Name: f295.gif Size: 23 KB
  • #3,626
  • Jan 6, 2011 2:43am Jan 6, 2011 2:43am
Hi taq

Are those blue and green parallels forks? I can't see their origins.....
Thanks.

Fwiw, this is my take on the 240 min cable:

Red down fork still dominant for now. I reckon that centre line will have to go b4 its frequency impact will wane..
Blue inner fork catching things quite well, so acting as a good warning for any potential change. A price reject of the 25% intersect with red Up wud be nice for the bear case. Will also watch its mod schif median intersect with red UP.
Attached Image (click to enlarge)
Click to Enlarge Name: 001 Jan. 06...STG1.jpg Size: 142 KB
  • #3,627
  • Jan 6, 2011 2:59am Jan 6, 2011 2:59am
Quoting DeltaThree
Hi taq

Are those blue and green parallels forks? I can't see their origins.....
Thanks.

Fwiw, this is my take on the 240 min cable:
Hope this will clear your doubt.
Green one is catalin fork P1=P3 or Po=P2.

Regards,
TAQ
Attached Image (click to enlarge)
Click to Enlarge Name: f296.gif Size: 23 KB
  • #3,628
  • Jan 6, 2011 3:35am Jan 6, 2011 3:35am
Quoting taq
Hope this will clear your doubt.
Green one is catalin fork P1=P3 or Po=P2.
Thanks TAQ

I should have spotted that regular schiff, but the "Catalin fork" is a new one on me. Looked back into the thread and have read some info on it, and will give it some thought.
Have you done any stats on it?
Regards
  • #3,629
  • Jan 6, 2011 7:43am Jan 6, 2011 7:43am
fwiw,

xt
Attached Image (click to enlarge)
Click to Enlarge Name: ff28.png Size: 55 KB
  • #3,630
  • Jan 6, 2011 8:28am Jan 6, 2011 8:28am
Quoting taq
My view on GU 240-min.
Let us see how it will unfold.

Regards,
TAQ
TAQ

My view is the same as yours - new high up.
Attached Image (click to enlarge)
Click to Enlarge Name: FCY383154-55.jpg Size: 136 KB
  • #3,631
  • Jan 6, 2011 8:41am Jan 6, 2011 8:41am
Hello all and Happy New Year 2011!

Here is what i watch right now on eur/jpy but im looking for more confirmation because i dont have where to place a stop loss.
Attached Image (click to enlarge)
Click to Enlarge Name: euro_jpy_watch_area_1_hour_.png Size: 50 KB
  • #3,632
  • Jan 6, 2011 8:42am Jan 6, 2011 8:42am
Quoting DeltaThree
Thanks TAQ

I should have spotted that regular schiff, but the "Catalin fork" is a new one on me. Looked back into the thread and have read some info on it, and will give it some thought.
Have you done any stats on it?
Regards
I was not able to reply, I got busy in other markets.
Now a days I don't use it much (Catalin). When the reversal is swift & in straight line or Price extremes like major SH or SL we can use it, like in GJ pair.

In this case GU 240 price is respecting it well. Let us see how it will unfold.

TAQ
Attached Image (click to enlarge)
Click to Enlarge Name: f297.gif Size: 23 KB
  • #3,633
  • Jan 6, 2011 8:48am Jan 6, 2011 8:48am
Hello taq
Long time not see you here.
Welcome back.

You still look at multiple time frame for entry confirmation ?

Catalin
  • #3,634
  • Jan 6, 2011 9:17am Jan 6, 2011 9:17am
Quoting Wave Trader
TAQ

My view is the same as yours - new high up.
I am not expecting new high. Overall I am still bearish on EU GU EJ & index futures untill the last SH is taken out . If not able to close above ML I will reverse my position.

Hi catalin
Yes still look at multiple time frame .It gives confidence to initiate positions.
  • #3,635
  • Jan 6, 2011 9:19am Jan 6, 2011 9:19am
Cheers TAQ

Will watch it unfold...
  • #3,636
  • Jan 6, 2011 9:48am Jan 6, 2011 9:48am
This median fork isn't displayin on my chart? I wonder why.. i can plot it in but it doesn't show.. Any1 who knows what the reason could be ??? Plzzz
Old Habits Die Hard.
  • #3,637
  • Jan 6, 2011 10:13am Jan 6, 2011 10:13am
Quoting Shaggy_rock
This median fork isn't displayin on my chart? I wonder why.. i can plot it in but it doesn't show.. Any1 who knows what the reason could be ??? Plzzz
What trading platform did you use and witch version?
  • #3,638
  • Jan 6, 2011 10:23am Jan 6, 2011 10:23am
update
Attached Image (click to enlarge)
Click to Enlarge Name: ff29.png Size: 22 KB
  • #3,639
  • Jan 6, 2011 10:42am Jan 6, 2011 10:42am
Quoting xtsunami
update
That thing just blew right through that area...no real correction on the 1 and 4 hour for this move down. Maybe get a bounce on at the red ML?
Attached Image (click to enlarge)
Click to Enlarge Name: 1_6_Eur-240.JPG Size: 98 KB
  • #3,640
  • Jan 6, 2011 10:45am Jan 6, 2011 10:45am
euro jpy dint give me any opportunity to get a long.
I will watch next area.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_next_area_to_watch.png Size: 50 KB
9 traders viewing now