Andrews Pitchfork (Median Line)

EURGBP -H4

my wildest guess...ever

I love seeing the notation "close enough" on a chart.

This short hasn't been cooperating the past day or so but I'm patient...

Hi guys been out for a bit but wanted to post a couple charts. Been studying photoreading and Law of Attraction. Hope all are well.

The skype room is going strong. not in too much but feel free to check it out from my profile page. God bless.

out.

YA THINK??. lol. Missed you man. You and fork trader dont post nearly as much any more. The thread barely has a pulse without you guys.

Wish you all the best Orbital in the contest.

Thanks but ill retry in april, to busy managing client funds and my on account. Already exhausted as it is, had some free time during the first two weeks where i was ranked top ten and doubled the equity, from there on i just entered some longterm trades.

Either way the contest is an excellent Plattform to test out some more advanced and riskier techniques that you wouldnt enter on live

white fork = modified schiff

About managing funds, did you have to be regulated in your country? Also, how would you go about managing funds for people in other countries? So many laws regarding Forex are changing in the US. Just wondering how it is being regulated elsewhere.

Thanks,

FX4

1 wave will have mathematical vibration; so the pitchfork can only measure the vibration of every wave seperately? correct?

AUDCAD Daily

http://content.screencast.com/users/...03-22_2224.png

AUDCAD 4hr

http://content.screencast.com/users/...03-22_2224.png

AUDNZD Daily

http://content.screencast.com/users/...03-22_2227.png

AUDNZD 4hr

http://content.screencast.com/users/...03-22_2227.png

I remember Tim Morge saying that he's observed pitchforks vibrating out as far as the 9th Warning line or even farther. It is a bit hard to keep track of such things, but here is a recent example I noticed from an older fork on the EU H1.

I'm also comparing the Oanda feed (1st chart) vs. MBT (2nd chart). These are H1 charts, so the difference is that Oanda prints 4-or-more extra bars over the weekend, and this affects the PF slope and where future bars interact. (I haven't concluded which one is better yet. Most brokers are 120 H1 bars/week similar to this MBT feed. The irregular nature of the Oanda H1 bars is not to my liking unless of course it resonates better because of them, and that hasn't been concluded yet).

My charts use the following notation: The ULM is #1, therefore the 1st "WL1" is my #2, WL2 is my #3, etc.

I have circled just a few of the obvious points of vibration for the Andrews lines (black lines, grey circles), and also the Mod.Schiff lines. (Magenta).

See how the recent (Oanda feed) EU peak bounced near perfectly of Mod.Schiff #10.5 (which would be WL9.5), and just above Andrews #5 (which would be WL4).

Similarly, the (MBT feed) EU bounced near perfectly on the Andrews #5 (WL4). There is some resonance off the Mod.Schiff lines, but the very peak is more like what would be ~#10.35, not #10.5 as in the Oanda feed.


Can one trade off these lines? It's very hard to believe in such distant lines during live trading, but my thinking is that if one has observed *recent* vibration off of either the Andrews and/or Modified Schiff Warning Lines, then it adds potential weight to taking a trade off a bounce. I happened to go short on EU near the top based on other criteria and had not noticed these particular forks vibrating as they are but it could have been additional confirmation.

Hi Kapital,

When I reproduced your USDCHF H1 chart on my MBT feed, it doesn't agree, and I think the problem is *my* feed doesn't give a legitimate point-3 low because it occurred at NY 17:00 (ET), which is rollover time. MBT shuts down every day for 10-20 minutes to balance the books and so they miss some ticks.

I mention this to illustrate a point when using pitchforks, which is that pivots may vary between brokers. Small differences may not be important, but large differences (a few pips) obviously can change a slope by a lot.

(Kapital, can you please post the 3 pivot prices to compare to my chart? What is the source of your data feed?)

Pivots that occur at rollover time or either the first-or-last bar-of-the-week are especially suspect. I'll have to watch out for those...

I usually don't care much about the "far out vibrations". They are too random for me and untradable.
Also as a reality check, open a chart, scroll way back, and draw one of those gann grids RANDOMLY on it on your MT4 station, then go forward through the chart. You will spot plenty of "vibrations"...

The eur/usd on a daily chart.
With sliding parallels.

The prices for this charting software (Accucharts) come from FXSolutions. If I'm not mistaken, their data feed is a result of the average price from several sources.

This is a valid one and executed.

The pitchfork in the first chart with an alternate point of origin (APO) that auxesis and I were discussing a few weeks ago has really performed well.

Nice one Kapital. thanks.

Here is my view for GU.
I believe it will go back up again soon. Also the COT shows large traders went long again. So will start to accumulate it soon.