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Andrews Pitchfork (Median Line)

  • #4,021
  • Feb 6, 2011 9:37pm Feb 6, 2011 9:37pm
5m EUR/USD
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  • #4,022
  • Feb 7, 2011 7:57pm Feb 7, 2011 7:57pm
Quoting GreatYves
MBTrading doesn't accept Canadian user outside ontario anymore.. This is getting very dumb.I just want a good demo platform for technical analisys and then i can put my live trade true oanda. .. Do you know of any other broker with the 120 bars/5 days a week?
MBT doesn't accept live accounts from your part of Canada, but can't you still get a demo account going? At least for analysis if not trading?


To research various platforms, this link may help but the data is not always accurate on some details, and not always up-to-date, but it has been useful to me.

I tried "FXDD MTXtreme" which is 5 Daily-per-week, however, it's only 119 hours-per-week. They drop the last Friday bar of 16:00 NY which I don't like. They're a GMT+2 broker (which makes it 5-bars-per-week).

I'm sure there are plenty of brokers that are 120 H1-bars/week, but the majority have different GMT offsets (other than GMT+2) which for them will display 6-D1-bars/week.


Using Oanda's feed on this EU chart -- which is necessary because the 3rd pivot low of 1.28583 was at 14:57 ET, before most other brokers open -- the Andrews ML seems to have been in play this morning. Interestingly, at the previous very peak high, the Weekly chart is necessary to see a near-touch (2.6 pips shy) of the Andrews UML, whereas the lower TF's were shy by 10-20 pips. The H4 also shows some resonance yesterday with the Mod. Schiff 1st Warning line (circled in pink).

I posted my own thoughts (on the Oanda forum, same thread you used) on how I would like Oanda to handle the extra weekend data. My preferences (for Oanda) are actually 6 D1-bars/week, 32 H4 bars/week, and 124 H1-bars/week. The thing is, though, that until one has a feed to study, it's hard to know what is the "best".
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  • #4,023
  • Feb 8, 2011 10:39pm Feb 8, 2011 10:39pm
not finding much to satisfy on my 240 MLs at present,
but thinking about this one

.
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  • #4,024
  • Feb 9, 2011 1:12am Feb 9, 2011 1:12am
Quoting ShanB
Mr Kiberd is showing a setup that he has discovered! He is saying that computer algorithms are using ETF's to signal moves in underlying assets. These algorithms signal these moves through special setups. One being the .886 on the gap. I have attached an example.

On a day that opens up on a gap on any of the ETF's that represent an index/currency/asset(SPY, GLD, USO, FXE etc.) look for the etf to retrace 88.6% of a move from a swing high/low. Find frequency from a median line and you have yourself a repeatable workable setup. Work still needs...
Got it, thank you - also to GreatYves -!



_______________
michael
Be like water.
  • #4,025
  • Feb 9, 2011 10:46am Feb 9, 2011 10:46am
Quoting msmarple
Got it, thank you - also to GreatYves -!



_______________
michael

You are Welcome!

So far this week is one to forgot for me. Couldn't find a setup.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,026
  • Feb 10, 2011 7:51am Feb 10, 2011 7:51am
x
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  • #4,027
  • Feb 10, 2011 8:37am Feb 10, 2011 8:37am
Quoting tany000
Hey guys.I've been dealing with forks for a quite some time.Here is my chart of usdjpy.Attachment
Im out
  • #4,028
  • Feb 10, 2011 8:44am Feb 10, 2011 8:44am
heres my trade on crude oil.
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  • #4,029
  • Feb 10, 2011 8:46am Feb 10, 2011 8:46am
Quoting gkiberd
x
What was the end result, today's 132+/-?
  • #4,030
  • Feb 10, 2011 3:44pm Feb 10, 2011 3:44pm
Quoting ShanB
Mr Kiberd is showing a setup that he has discovered! He is saying that computer algorithms are using ETF's to signal moves in underlying assets. These algorithms signal these moves through special setups. One being the .886 on the gap. I have attached an example.

On a day that opens up on a gap on any of the ETF's that represent an index/currency/asset(SPY, GLD, USO, FXE etc.) look for the etf to retrace 88.6% of a move from a swing high/low. Find frequency from a median line and you have yourself a repeatable workable setup. Work still needs to...
I encourage you to follow that lead to look for reversals at the 88.6% fib level. May also be more predominant on specific time-frames. Have also been observing the 127.2% for reversals.

All the best,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #4,031
  • Feb 10, 2011 7:20pm Feb 10, 2011 7:20pm
AJ240
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  • #4,032
  • Feb 10, 2011 11:25pm Feb 10, 2011 11:25pm
NJ240
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  • #4,033
  • Feb 13, 2011 4:22pm Feb 13, 2011 4:22pm
some charts
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  • #4,034
  • Feb 13, 2011 6:37pm Feb 13, 2011 6:37pm
any thoughts on ACh? -- top chart
  • #4,035
  • Feb 13, 2011 8:42pm Feb 13, 2011 8:42pm
AN240
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  • #4,036
  • Feb 13, 2011 10:39pm Feb 13, 2011 10:39pm
worth keeping an eye on
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  • #4,037
  • Feb 14, 2011 4:20am Feb 14, 2011 4:20am
searching "median line" on twitter today and i noticed random posts from this thread showing up..........curious!

perhaps tweeting anything trading related so as to attract customers to their account!?


http://twitter.com/?status=Styled%20.../Median%20Line
  • #4,038
  • Feb 14, 2011 5:33am Feb 14, 2011 5:33am
Quoting PeterE
searching "median line" on twitter today and i noticed random posts from this thread showing up..........curious!

perhaps tweeting anything trading related so as to attract customers to their account!?


http://twitter.com/?status=Styled%20.../Median%20Line

Many people simply link everything they write on a forum or a blog to social network as FB or Twitter. They're is nothing wrong with it. You follow or you don't.

BTW some nice setup you post. But personnaly i stick to majors. I don't beleive to price action on most exotics. EUR/USD keep me buzy enough and is very technical.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,039
  • Feb 14, 2011 8:40am Feb 14, 2011 8:40am
Nice break of downward channel
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  • #4,040
  • Feb 14, 2011 11:07am Feb 14, 2011 11:07am
nzd usd .hope u like it
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