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Andrews Pitchfork (Median Line)

  • #3,841
  • Jan 25, 2011 9:00pm Jan 25, 2011 9:00pm
Quoting GreatYves
I found usdjpy very hard to follow! I see you label your wave. wave 1,3,5,A,C. are impulsive and composed of 5 inner wave each. Wave 2,4,B are corrective by nature and are compose of 3 corrective wave (ABC) each. B of B being the hardest of them all to trade. 3 of 3 being the most profitable wave we want to be in. That would be clearly downward if you look at weeklys.
I dont use Elliott wave...Just using Andrew's Count so this is a bit hard to wrap my head around lol

BTW if you look at the COT report...It is also suggesting bullish positioning for USD/JPY. Lining up nicely with the Geometry as well.
  • #3,842
  • Jan 25, 2011 9:47pm Jan 25, 2011 9:47pm
Quoting ShanB
I dont use Elliott wave...Just using Andrew's Count so this is a bit hard to wrap my head around lol

BTW if you look at the COT report...It is also suggesting bullish positioning for USD/JPY. Lining up nicely with the Geometry as well.
You might be right but personally would for some higher high higher low to show up.
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Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #3,843
  • Jan 26, 2011 5:53am Jan 26, 2011 5:53am
Quoting GreatYves
4.236 resistance is touch. But still no sign of weakness.

Attachment
nice chart; its that with PFA on MT5? and what sequence of fibs are those.
thanx

anna
  • #3,844
  • Jan 26, 2011 7:55am Jan 26, 2011 7:55am
USD/JPY setting up, look at the earlier charts posted by ShanB

http://img266.imageshack.us/img266/735/ensign.png
  • #3,845
  • Jan 26, 2011 1:05pm Jan 26, 2011 1:05pm
Quoting GreatYves
4.236 resistance is touch. But still no sign of weakness.

Attachment
Hello GreatYves;

could you say what tool you used to make the seemingly "inclined Fib lines", and how you appl it please thank you?

Bless
  • #3,846
  • Jan 26, 2011 4:59pm Jan 26, 2011 4:59pm
charts for this week and past week will be more organised and show higher timeframes so you can see bigger picture but these are mostly 15m have a great trading week. I am also posting 2 eur templates that I made for my friends on the basics of market structure, maybe it will help some new guys. Practice Practice Practice

Been reading a book called Enhancing Traders Performance by Steenbarger. So far one of the best books I have read I think on trading. Worth a read.




Template1 15m EUR timeframe
Template2 1h EUR Timeframe from FXPRO back data 2007

Niether of these are complete but are helpful.
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Attached File(s)
File Type: zip eaglestarcharts01262010.zip   2.2 MB | 507 downloads
File Type: tpl template1.tpl   18 KB | 346 downloads
File Type: tpl template2.tpl   75 KB | 373 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #3,847
  • Jan 26, 2011 5:26pm Jan 26, 2011 5:26pm
Quoting eaglestar
I am also posting 2 eur templates that I made for my friends on the basics of market structure, maybe it will help some new guys.
Hi Eaglestar,
Can you please explain what you mean by market structure.? I have gone through all your attachments of your previous posts. I have noticed horizontal lines. Can you please explain what makes you decide to draw those lines.
Thanks in advance.
  • #3,848
  • Jan 26, 2011 11:12pm Jan 26, 2011 11:12pm
EU
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  • #3,849
  • Jan 27, 2011 12:34am Jan 27, 2011 12:34am
Quoting anthoniex
EU
EU??????
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  • #3,850
  • Jan 27, 2011 12:42am Jan 27, 2011 12:42am
dont know what's going on there, but i'm liking these on 240

Quoting taq
EU??????
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  • #3,851
  • Jan 27, 2011 12:48am Jan 27, 2011 12:48am
and a few other nice forks
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  • #3,852
  • Jan 27, 2011 1:06am Jan 27, 2011 1:06am
Quoting taq
EU??????
plain vanilla
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  • #3,853
  • Jan 27, 2011 1:57am Jan 27, 2011 1:57am
Quoting anthoniex
plain vanilla
Must be data difference mine is not showing this.
Btw nice frequency will test it further.
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  • #3,854
  • Jan 27, 2011 2:06am Jan 27, 2011 2:06am
GJ240, could be interesting but for
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  • #3,855
  • Jan 27, 2011 2:39am Jan 27, 2011 2:39am
Quoting ShanB
USD/JPY TRADE:

Bought:
82.109

SL:
81.80

TARGET:
83.27

Buying into a dip...expecting highs to be taken at P3.
JPY is playing out...however was stopped out at BE before move this last move happened. I move my stop to BE after a trade moves past the 1:1 R:R and this is what I did here. In the end it is managing risk that brings profitability! Accuracy alone does not...on to the next one!
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  • #3,856
  • Jan 27, 2011 3:38am Jan 27, 2011 3:38am
Quoting ShanB
JPY is playing out...however was stopped out at BE before move this last move happened. I move my stop to BE after a trade moves past the 1:1 R:R and this is what I did here. In the end it is managing risk that brings profitability! Accuracy alone does not...on to the next one!
Oh well, I took a trade off your idea so it's not all bad, closed it yesterday expecting a retest. Limit order got hit overnight on said retest and when I saw I was up 80 points on my blackberry while walking to work I grabbed it with both hands!

Someone made over 350 points off the gbp/chf trade I mentioned this week where as I made 0.

C'est la vie
  • #3,857
  • Jan 27, 2011 3:53am Jan 27, 2011 3:53am
Using a higher pivot for P0:
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,858
  • Jan 27, 2011 4:42am Jan 27, 2011 4:42am
similar effect on 240

Quoting kapital
Using a higher pivot for P0:
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  • #3,859
  • Jan 27, 2011 6:34am Jan 27, 2011 6:34am
Quoting kapital
Using a higher pivot for P0:
Zoomed in for the blastoff, fwiw
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  • #3,860
  • Jan 27, 2011 6:56am Jan 27, 2011 6:56am
the "break and test trade"
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