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Andrews Pitchfork (Median Line)

  • #4,141
  • Mar 10, 2011 10:37am Mar 10, 2011 10:37am
I would think so..
  • #4,142
  • Mar 10, 2011 11:55am Mar 10, 2011 11:55am
GBPUSD
Attached Image (click to enlarge)
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  • #4,143
  • Mar 10, 2011 4:14pm Mar 10, 2011 4:14pm
Quoting Kaptain Ahab
very bad setup. still trying to figure out how i should have read the market differently.
has anyone read Morge's last book? i am thinking about ordering one now.
rgds/kevin
Very good setup! Don't be sorry, GU did head south after the up spike, wich by the way did not went higher then previous resistance. (And not touch my stop) And the ML have not yet been reach. We can see the upper pitchfork parallel was tested once more on march 9, vaildating this pitchfork as a good one. An up move now probable now because of the bullish Gartley but i expect it to go to B point, well within the pitchfork limits. A visit to the ML is still possible without unvalidating the gartley.

http://imgf.tw/722320272t.PNG
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,144
  • Mar 10, 2011 4:31pm Mar 10, 2011 4:31pm
Quoting anthoniex
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?
As long your R/R = or > 1:1 then you are ok. So sometime the ML have to be reach in order to have the 1:1 requirement. If your entries are to tight, it might results in more losses. If your entries are 80% profitable, then i quit my day job and pay you to be my mentor.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #4,145
  • Mar 10, 2011 5:30pm Mar 10, 2011 5:30pm
Quoting anthoniex
GBPUSD

your long?.. nice setup
  • #4,146
  • Mar 10, 2011 5:51pm Mar 10, 2011 5:51pm
Quoting Swamp Yankee
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
Swamp Yankee,

For that chart I used the Fib Arcs tool, and set the scale. You can toggle the arc to form an ellipse if desired, once drawn it will remain as drawn as long as the timeframe of the chart is not changed. Down side you are stuck with perpendicular drawing and maths as you can not angle the parabola.

The ellipse drawing tool is better, but you are correct any changes in the charts scale and it goes crazy.

Not in any chat rooms, sorry.

regards.
  • #4,147
  • Mar 10, 2011 7:24pm Mar 10, 2011 7:24pm
Quoting auxesis

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

regards,
It's really too bad. The old school wisdom would never be reborn.
MAs and Oscillators are the way to go!..
  • #4,148
  • Mar 10, 2011 7:39pm Mar 10, 2011 7:39pm
Quoting anthoniex
It's really too bad. The old school wisdom would never be reborn.
MAs and Oscillators are the way to go!..
It was like trying to take a drink from a fire hose.
  • #4,149
  • Mar 10, 2011 11:47pm Mar 10, 2011 11:47pm
Quoting big_pipin
your long?.. nice setup
broke key level 1.6050
  • #4,150
  • Mar 11, 2011 12:17am Mar 11, 2011 12:17am
Quoting anthoniex
broke key level 1.6050
GBPUSD
still deciding...

implementing AUXesis tech...
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  • #4,151
  • Mar 11, 2011 12:42am Mar 11, 2011 12:42am
Just took a long position on eur/usd off 4hr.
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  • #4,152
  • Mar 11, 2011 2:22am Mar 11, 2011 2:22am
Looking at PA for a buy into the confluence zone.
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  • #4,153
  • Mar 11, 2011 2:54am Mar 11, 2011 2:54am
...
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  • #4,154
  • Mar 11, 2011 4:53am Mar 11, 2011 4:53am
Quoting southernmind
...
Like the chart, my thoughts, fwiw
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  • #4,155
  • Mar 11, 2011 9:19am Mar 11, 2011 9:19am
EURUSD
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  • #4,156
  • Mar 11, 2011 10:15am Mar 11, 2011 10:15am
Quoting auxesis
Like the chart, my thoughts, fwiw
Just for clarification, the fork orientation is not set to the re-test. It's set so that the pivot handle (point A) on the vertical plane intersects pivot C on the horizontal plane.

The candle separation at the upper quartile in addition to price not being able to reach the upper parallel were signs of price exhaustion.
Attached Image (click to enlarge)
Click to Enlarge Name: uc.GIF Size: 37 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #4,157
  • Mar 11, 2011 10:39am Mar 11, 2011 10:39am
Quoting kapital
Just for clarification, the fork orientation is not set to the re-test. It's set so that the pivot handle (point A) on the vertical plane intersects pivot C on the horizontal plane.

The candle separation at the upper quartile in addition to price not being able to reach the upper parallel were signs of price exhaustion.
USDCAD - H1
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  • #4,158
  • Mar 11, 2011 11:09am Mar 11, 2011 11:09am
Quoting kapital
Just for clarification, the fork orientation is not set to the re-test. It's set so that the pivot handle (point A) on the vertical plane intersects pivot C on the horizontal plane.

The candle separation at the upper quartile in addition to price not being able to reach the upper parallel were signs of price exhaustion.
Kapital,

I understood what you were trying to do, adjusting the angle to the retest is something I've been doing for a long time, I was just throwing out my thoughts...apologies if I confused anyone.

regards,
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  • #4,159
  • Mar 11, 2011 11:10am Mar 11, 2011 11:10am
Quoting anthoniex
USDCAD - H1

I agree...nice frequency.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #4,160
  • Mar 11, 2011 11:16am Mar 11, 2011 11:16am
Quoting auxesis
Kapital,

I understood what you were trying to do, adjusting the angle to the retest is something I've been doing for a long time, I was just throwing out my thoughts...apologies if I confused anyone.

regards,

What price does your chart show for the swing high at the median line in your chart? Mine has a high of 0.9800.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
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