Andrews Pitchfork (Median Line)

It called myfx3six0. its actually a excel spreadsheet. Google it. Good luck on trading.

Hi Kaptain Ahab,

Based on what I've read your chart was well done and I'll admit when I first viewed your setup it was very convincing. I overlaid your setup on my own charts which showed the price below my own shorter term median line (i-Reg and i-Cai) indicating a more likely up movement around Midnight EST.

As the midnight EST approached I could see the Stochastics bottoming, the CCI changing direction from down to up with divergence and momentum on the centerline and rising. The long buy occurred around 1.6246 with a stop loss setting at 1.6224 with last support at 1.6235. It blew through minor resistance and headed for major resistance at 1.6343 topping out at 1.6341.

My point to you is I see nothing wrong with your analysis except your vision is blocked using only this method. I've only recently started to re-look at the use of the Andrews Pitchfork but I'm not at all convinced of it's use as a trading tool.

My chart setup does it's own thing and leaves nothing for me to have to analyze and possibly get the direction wrong as is the case it would seem with this indicator. Just my take on things.

I'm not trying to upset the apple cart here nor do I wish to debate this indicators pros and cons. I believe in the trading off a median line but I don't believe that line to be a straight line except for the very short term. The market behaves in waves within waves and not straight lines from point "A" to point "B" with a median price variance of point "C".

Happy trading,

Johnny

Thanks Renko,

Daily GBP/JPY(Follow the yellow circle man's thumb to profit!)

thanks for the feedback guys. really appreciate it.
since my trading results are mixed, it seems for the moment, my market reading cannot solely dependent on price action + fork + fib + trendline in order to "anticipate" future price moments. with more screen time i have no doubt the results will improve. my end goal is to be naked. anyway, i have already cleaned the dust off few of my indis from storage.
happy trading y'all
rgds/kevin

Aud/usd attracted to the median line.

Euro Bulls and Bears slugging it out between the retest of broken median and bottom tine of the new channel ("apo" alternate point of origin) fork, along traditional TA levels. Someone's getting squeezed here later today, take your pick.

fwiw

Where did everyone go on this thread? What happened to eagle star and fork trader and the others ?

They're ...
or busy collecting pips...

Got short at the top of the range with a stop above FWIW

On Tim Morge's old forum there was a trader named Joed. He was considered among the best traders in that forum and he posted a wealth of knowledge there. I have come to know him in the last year or so...and he has started a new blog highlighting some of his work!

He uses forks and other tools...It's all in the "about me" section. Check it out guys as he will only continue it if the interest is there...and I'm Interested! lol

http://traderjoed.blogspot.com/

Aux,

Were you once on Tim Morge's old forum? I'm sure you remember Joed and can attest to what I am saying. I think his blog would be a great wealth of information for any trader.

ShanB,

Yes, I was on Tim's current public forum, (under a different pseudonym) the one's before that and came in at the end of the "old old" forum which was more of a collective email list. I'm very familiar with Joed's work along with Gkiberd. The old,old forum had some other fantastic trader's, one still posts here from time to time, Xtsunami another that I haven't seen in public from many moons was a gentleman went by the nick, Currencia.

I haven't seen that kind of learning environment in many years. Doubt if I ever will again.

regards,

ahhhh only to be around and trading in those times...seems like a solid learning enviorment. Currencia is still around... he and I have exchanged some emails a month or so ago. We need to get these fellas in one place like old times lol

looking for signs of support at the target, needs to hurry charts whispering it's time.

see if it turns into something, need to get past that prior low first.

fwiw

I'm reading one of fishers books and he quotes andrews

"

drawing a single line will enable you to know where the price of any

stock or any future is now headed and the probable time it will reach there. "

I didn't know you could measure time with forks??

As I read though this pdf, I'm sure I'll come up with other questions.

x

auxesis
Do you plot the "Al Larson" style rounded bottom circles with the mt4 ellipse tool or is that an indi that plots? I ask because the ellipse tool is fairly cumbersome and if I fiddle with the chart it is the first thing to go wonky.

Also are you and Shan in the skype room?

good trading

If price hits Median Line 80% of the time, would we get a higher percentage if we aim lower than ML, e.q quartile line?