Andrews Pitchfork (Median Line) | Page 203 | 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)

  • #4,041
  • Feb 14, 2011 1:33pm Feb 14, 2011 1:33pm
Quoting tany000
nzd usd .hope u like itAttachment
Try to draw less lines on your chart so you will not get confuse and also close the grid from your platform, its very hard to read.



Regards
Catalin
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd4hrange.jpg Size: 76 KB
  • #4,042
  • Feb 14, 2011 2:35pm Feb 14, 2011 2:35pm
Quoting justcatalin
Try to draw less lines on your chart so you will not get confuse and also close the grid from your platform, its very hard to read.



Regards
Catalin

I add a pending order with a 50 pips stop.
Lets see how this works.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd4hbuylimit.png Size: 42 KB
  • #4,043
  • Feb 14, 2011 4:47pm Feb 14, 2011 4:47pm
Has anybody used FORKS on the other markets such as housing? Andrew's used his tool to forecast changes in weather for an experiment and he was successful! I don't have the capability of doing this as I don't have access to software to overlay forks on pictures. Does anybody know of any software for this?
  • #4,044
  • Feb 14, 2011 4:50pm Feb 14, 2011 4:50pm
Quoting ShanB
Has anybody used FORKS on the other markets such as housing? Andrew's used his tool to forecast changes in weather for an experiment and he was successful! I don't have the capability of doing this as I don't have access to software to overlay forks on pictures. Does anybody know of any software for this?
I have not used this, nor do I endorse it, but I think this is what you are looking for.

http://www.omniumsoftware.com/index.htm
  • #4,045
  • Feb 14, 2011 4:51pm Feb 14, 2011 4:51pm
Quoting auxesis
I have not used this, nor do I endorse it, but I think this is what you are looking for.

http://www.omniumsoftware.com/index.htm
Thanks Ausesis...I will look into it!
  • #4,046
  • Edited 6:01pm Feb 14, 2011 5:46pm | Edited 6:01pm
Quoting justcatalin
I add a pending order with a 50 pips stop.
Lets see how this works.
Nice setup on NU. It's stimulating. I would wait for a clear break of the red parallel trendline before going long. With a tight stop at 7520. Target 1 @ 7818
target 2 @ 7999.

But that would go against my view on usd. I don't think it finished rallying yet.

Attached Image (click to enlarge)
Click to Enlarge Name: nu240.jpg Size: 129 KB
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,047
  • Feb 14, 2011 7:01pm Feb 14, 2011 7:01pm
Hmm interesting....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2_14-1.JPG Size: 88 KB
Click to Enlarge Name: 2_14-2.JPG Size: 90 KB
Click to Enlarge Name: 2_14-3.JPG Size: 66 KB
Click to Enlarge Name: 2_14-4.JPG Size: 55 KB
  • #4,048
  • Feb 14, 2011 7:12pm Feb 14, 2011 7:12pm
i wonder if the fork works on the equity curve?

might be time for a holiday!
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-15_1117.png Size: 30 KB
  • #4,049
  • Feb 14, 2011 9:13pm Feb 14, 2011 9:13pm
Quoting PeterE
i wonder if the fork works on the equity curve?

might be time for a holiday!


Your due for a 38.2 retracement, before next expansion!
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,050
  • Feb 14, 2011 9:35pm Feb 14, 2011 9:35pm
38.2%


Quoting GreatYves


Your due for a 38.2 retracement, before next expansion!
  • #4,051
  • Feb 14, 2011 9:36pm Feb 14, 2011 9:36pm
EJ240
*note: "tentative" JPY red flag news hanging around
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-15_1333.jpg Size: 108 KB
  • #4,052
  • Feb 14, 2011 9:49pm Feb 14, 2011 9:49pm
AN240
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-15_1348.jpg Size: 115 KB
  • #4,053
  • Feb 14, 2011 10:04pm Feb 14, 2011 10:04pm
EN240
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-15_1404.jpg Size: 83 KB
  • #4,054
  • Feb 15, 2011 7:08am Feb 15, 2011 7:08am
Quoting ShanB
Has anybody used FORKS on the other markets such as housing? Andrew's used his tool to forecast changes in weather for an experiment and he was successful! I don't have the capability of doing this as I don't have access to software to overlay forks on pictures. Does anybody know of any software for this?
Lottery Numbers
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #4,055
  • Feb 15, 2011 12:37pm Feb 15, 2011 12:37pm
Quoting GreatYves
Ok! I'll try to make a quick resume as to how i use Fibonaccis, you will see by yourself how it can be use with any other method. First I must give credit to Bobokus...
Thanks Great

But the rules of trading fibs and the rules of trading forks are, well, nothing a like. With forks you must wait for price to touch a fork line, but with fibs, you trade off the fib levels.

How do you mix these two different trading styles into one thats profitable? Obviously you have done this.
  • #4,056
  • Feb 15, 2011 1:34pm Feb 15, 2011 1:34pm
it seems to be a good long entry configuration
what do you think
Attached Image (click to enlarge)
Click to Enlarge Name: audusdfebrero15.gif Size: 18 KB
  • #4,057
  • Feb 15, 2011 3:26pm Feb 15, 2011 3:26pm
Quoting big_pipin
Thanks Great

But the rules of trading fibs and the rules of trading forks are, well, nothing a like. With forks you must wait for price to touch a fork line, but with fibs, you trade off the fib levels.

How do you mix these two different trading styles into one thats profitable? Obviously you have done this.
The only real rule about Andrew's Pitchfork is: Price come back to the ML 80% of the time. The rest as re-testing ot the ML parallel have been made up by others as Tim Morge.

As i said earlier a 38.2/50/61.8 retracement is not a rules but a higher probability trade. Price action as a doji on a 61.8 retracement is a high probability/low risk trade. In this case ML represent only a high probability target.

See here very recent price action on euro. 61.8 retracement level was rejected with doji right on the level. Then price proceeded it's way to meet the ML @ 3431 and then bounce again to the intersection of the U-MLH and the 38.2 level.

I will get my 3g internet acces key this week and will be able to monitor my charts at least 5 of 6 240min candle a day. (youhou!)

Attached Image (click to enlarge)
Click to Enlarge Name: eu240.gif Size: 21 KB
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,058
  • Feb 15, 2011 8:35pm Feb 15, 2011 8:35pm
Hi! I opened a new MT5 demo account out of curiosity, The pichfork and different drawing tools are very interesting. Pitchfork have a left and right ray feature that makes it interesting to explore. See here another euro chart. Seeing it this way makes me wonder if wave C wasn't reach and we are beginning a new bullish cycle is in the realm of possibilities.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 38 KB
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,059
  • Feb 15, 2011 9:36pm Feb 15, 2011 9:36pm
daredevil, this is all i've got on eu240 at present in the way of MLs
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-16_1334.jpg Size: 107 KB
  • #4,060
  • Feb 16, 2011 2:36am Feb 16, 2011 2:36am
revised
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-16_1835.jpg Size: 123 KB
4 traders viewing now