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Andrews Pitchfork (Median Line)

  • #3,921
  • Jan 30, 2011 11:17pm Jan 30, 2011 11:17pm
Quoting kapital
Is the grid made up of intersecting AB and AC trendlines? If so, where do you place them?
I drew the grid in solid color for clarity.

Once the ML drawn, I put blue fib channel using pivot A and C
and then I put second fib channel, Pink, using pivot A and B

From B to C, you can divide it to 2, 3, 4 occasionally 5. It depends on how well they are respected in past time ( Look to the LEFT). In this chart I divide the blue into 4, and the pink into 4 as well. They don't have to be divided by the same number, just see how well they are respected.

When the price goes near the grid, take a look at the price action in smaller timeframe including momentum, divergence, rejection, fib timing, wave count etc.

The grid is diagonal S/R levels, don't forget the horizontals.
It's basically channels but I like using the pivots based on PitchFork method instead of drawing any random channels. Hope it's clear.

ant-
Attached Image (click to enlarge)
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  • #3,922
  • Jan 30, 2011 11:30pm Jan 30, 2011 11:30pm
Quoting anthoniex

It's basically channels but I like using the pivots based on PitchFork method instead of drawing any random channels.

ant-
GREAT for SCALPING. You know it!
  • #3,923
  • Jan 30, 2011 11:55pm Jan 30, 2011 11:55pm
Wow, what a start of the week....very helpful to explain how you do it ( also previous posts ). A big thank you !

Good trading to all.


______________
michael

Quoting anthoniex
I drew the grid in solid color for clarity.

Once the ML drawn, I put blue fib channel using pivot A and C
and then I put second fib channel, Pink, using pivot A and B

From B to C, you can divide it to 2, 3, 4 occasionally 5. It depends on how well they are respected in past time ( Look to the LEFT). In this chart I divide the blue into 4, and the pink into 4 as well. They don't have to be divided by the same number, just see how well they are respected.

When the price goes near the grid, take a look at the price action in smaller timeframe...
Be like water.
  • #3,924
  • Jan 31, 2011 12:09am Jan 31, 2011 12:09am
Quoting anthoniex
A couple more charts might give some ideas...
http://www.forexfactory.com/showpost...postcount=3793

Hi Anthoniex,

Some great creative charts you have there. I have some comments for you on your EURCHF H1 "measure moves1" chart.

You are drawing triangles in an interesting way, but you may be surprised to know that in this chart, some of your measurements are relatively standard (if not common) additional PF lines you could draw.

To explain...

* You drew pitchfork with points 1 2 3
* You drew a triangle with same points 1 2 3
* You copied the triangle and shifted it forward to the 1st triangle center-point. (Not sure what this purple triangle adds to this chart, but I know you've found it relevant in other charts more so than this one. I'd welcome further examples of this, as it is not a "standard" known PF measurement AFAIK).

* Another triangle was copied, moved to touch the midpoint from 2-3 (green)
* Another triangle was created (red) with a flipped orientation, using points 2 3 and now touching the parallel green line.

* Then you drew the measured move from point 3 down to a pivot, and observed that nearly the same move (in time and price) occurred again, NOT from the absolute peak of the next move, but starting from the intersection of the green and red triangles.

With me so far? I've replicated your chart.

Now if you add what I think are called PF "AR" lines, the so-called "centerline" of this measurement would be from 2-3. The "Action" line would intercept 1. The "Reaction" line, then, would be in the future, parallel to the green line.

HOWEVER, lets add to the AR lines the midlines, and you'll see that one passes through BOTH intersections of the red and green triangles. It is parallel to the 2-3 line.

What you may not have noticed is that your first measured move down touched and bounced exactly off of this mid-AR line!

You and I both agree that it is fascinating that the next move started above the mid-AR line, but if one starts the measurement at the BREAK of the mid-AR line, the bottom pivot matches in both time & price exactly! (Now why that is, and how to spot it in real time, that's the trick! I'm still learning too).


I was just goofing around with cycle lines on this chart and found some more interesting confluence. From PF point 1 forward to it's first minor swing retracement is 69 bars. A 69-cycle has some interesting resonance.

However, if one backs up 2 bars to a 67-cycle, where there happens to be a pretty significant "pre" high, THAT 67-cycle if a perfect resonance with pt 3 and with the bottom of your first measured move!


Let's help each other spot these areas of confluence. First after-the-fact, to gain understanding, and then in real-time to help our trades.

Kent
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EC H4 C 67-cycle.jpg Size: 261 KB
  • #3,925
  • Jan 31, 2011 12:14am Jan 31, 2011 12:14am
Quoting anthoniex
I drew the grid in solid color for clarity.

Once the ML drawn, I put blue fib channel...
Gotcha!!! Thanks a lot!
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,926
  • Jan 31, 2011 12:15am Jan 31, 2011 12:15am
nearing the grid.
m5 and m1
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Click to Enlarge Name: gu-m1.gif Size: 27 KB
  • #3,927
  • Jan 31, 2011 12:20am Jan 31, 2011 12:20am
Quoting anthoniex
nearing the grid.
m5 and m1
be careful...
Attached Image (click to enlarge)
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  • #3,928
  • Jan 31, 2011 12:23am Jan 31, 2011 12:23am
Quoting anthoniex
PF grid...
ant-
I like them too. Very helpful...

The magenta is the Modified Schiff. The ML passes through the mid-point of price AND time between the point 1 & 2).

The olive is what I call "MP13". (ML through the mid-point between 1 & 3)
Attached Image (click to enlarge)
Click to Enlarge Name: EC H4 PF grid.jpg Size: 399 KB
  • #3,929
  • Jan 31, 2011 2:59am Jan 31, 2011 2:59am
Quoting anthoniex
be careful...

+40 pips


I hope some of you can find the pitchfork grid useful. I am not proficient yet with this Grid thingy but it works for me. It’s nothing super special, just S/R levels that helps my trading.


We all can study it and share what we find. You won’t make less money by sharing your proven strategy, we will only make more money when we work together. Nothing held back...



To Pips4Life, I have to study your charts first to reply and I don’t think I can answer all of your questions.


Good night!
Attached Image (click to enlarge)
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  • #3,930
  • Jan 31, 2011 3:17am Jan 31, 2011 3:17am
Quoting anthoniex
+40 pips
I was mistaken the lower pink lines in previous chart wasn't the grid but I would have closed the trade anyway. Glued too much to m1 and m5
Attached Image (click to enlarge)
Click to Enlarge Name: gu-m1-pfgrid.gif Size: 32 KB
  • #3,931
  • Jan 31, 2011 5:33am Jan 31, 2011 5:33am
Green fork is a regular schiff fork (arrow indicates P0).
Attached Image (click to enlarge)
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,932
  • Jan 31, 2011 8:12am Jan 31, 2011 8:12am
...
Attached Image (click to enlarge)
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  • #3,933
  • Jan 31, 2011 8:20am Jan 31, 2011 8:20am
Quoting anthoniex
...
waiting for more confirmation
Attached Image (click to enlarge)
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  • #3,934
  • Jan 31, 2011 9:47am Jan 31, 2011 9:47am
Target reached.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,935
  • Jan 31, 2011 3:47pm Jan 31, 2011 3:47pm
If the WK doesn't go any higher than today, the bears are in charge.
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  • #3,936
  • Jan 31, 2011 5:30pm Jan 31, 2011 5:30pm
Quoting anthoniex
waiting for more confirmation
from set-up this morning right before I went to work
after the fact
Attached Image (click to enlarge)
Click to Enlarge Name: gu-m5after fact.gif Size: 36 KB
  • #3,937
  • Jan 31, 2011 5:36pm Jan 31, 2011 5:36pm
Quoting kapital
Target reached.
Nice!
  • #3,938
  • Jan 31, 2011 6:26pm Jan 31, 2011 6:26pm
C'mon humpty dumpty. Fall down!

Attached Image (click to enlarge)
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Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #3,939
  • Jan 31, 2011 6:38pm Jan 31, 2011 6:38pm
Hi Kent,

Quote
* You copied the triangle and shifted it forward to the 1st triangle center-point. (Not sure what this purple triangle adds to this chart, but I know you've found it relevant in other charts more so than this one. I'd welcome further examples of this, as it is not a "standard" known PF measurement AFAIK).
Yes, that's exactly how I did the triangles, that's why I call them PitchFork Triads/ Triangles. I don't use triangles anymore, so I can't give you more examples sorry, but you might discover more if you go further

Quote
What you may not have noticed is that your first measured move down touched and bounced exactly off of this mid-AR line!
True, I sometimes use the AR lines where the grid intersects

Quote
You and I both agree that it is fascinating that the next move started above the mid-AR line, but if one starts the measurement at the BREAK of the mid-AR line, the bottom pivot matches in both time & price exactly!
Very good observation

Quote
(Now why that is, and how to spot it in real time, that's the trick! I'm still learning too).
Me too! All the big moves starts from a small one, I always check the lower timeframe where the grid lines or S/R levels offer trade opportunities. The price is either rejected, stalled or accelerated

Quote
I was just goofing around with cycle lines on this chart and found some more interesting confluence. From PF point 1 forward to it's first minor swing retracement is 69 bars. A 69-cycle has some interesting resonance.

However, if one backs up 2 bars to a 67-cycle, where there happens to be a pretty significant "pre" high, THAT 67-cycle if a perfect resonance with pt 3 and with the bottom of your first measured move!
Keep goofing around, you'll never know what surprise you'll get.

Quote
Let's help each other spot these areas of confluence. First after-the-fact, to gain understanding, and then in real-time to help our trades.
That's why we're here...

I hope you're not satisfied with my answer so you can find it yourself, since honestly I don't know all the answers.

Good luck!
ant-
  • #3,940
  • Jan 31, 2011 7:31pm Jan 31, 2011 7:31pm
EUR/USD: Sell

Entry: 1.3704

SL: 1.3763

Target: 1.346

Selling the test-retest into the P5 at the confluence zone.
Attached Image (click to enlarge)
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