Andrews Pitchfork (Median Line)

http://www.forexfactory.com/attachme...1&d=1303161219

I am sure you were not referring to my post.

" Your time frame and your pivots....
... are not what I would necessarily choose to focus on, but I drew there so you could compare with what you posted. Keep experimenting with forks there is merit in them."

I obviously did not say he needs to pick a different time frame.

I went back for chuckles to see what all the fuss was about.

http://www.forexfactory.com/attachme...1&d=1303161219


One might make use of a sliding parallel on that down sloper, or use a proper warning line on the up sloper and get something done.

What ever blows wind up your skirt.

Cheers

Looks like the 1.46 area will bring resistance. 4 hr chart.

This daily chart is cleaner.

What is the driving force behind this price path?

Hi all !
I am new to this concept of forks. I am new olso to forex
i went thruogh the thread but still not sure if im doing it right.
so i will post some posible setups with you guys, and see how things work.
im trading my demo eccount so no real money involved. hope with your help
to improve with forks and market direction.
i will be glad if you check my charts and let me know if im doing it right

ok this one is eur/aud.
the price found resistance on the median line, fail to breach the resistance for three times before. we near the weekly pivot now. look at the volume decrease. and we have a divergance. the last one is big bulish candle.
for me it looks like solid long. what do you think guys

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ok this one looks like potencial long to me.
the price droped big distance withaout any serius retracement.
bounced off major resistance. plus we have weekly pivot at that area
and warning line at the same area.
i think we should look for entrance at the red circle area.

not sure if this one is is a valid fork ( supose to be modified).
if yes looks like good short on this pair. big rally up hit major support( red line)
near weekly pivot and the median line . plus nice daily pinbar .
what do you think?

Never thought about forks before but after watching a couple of Coghlan vids thought i`d look a bit deeper.

First try, EUR/USD daily, light blue dotted lines are sliding parallels, how does this look to you guys?

http://www.forexfactory.com/attachme...6&d=1303640106harmonics rule! Thanks nenhttp://www.forexfactory.com/attachme...5&d=1303640106, and Put And All. IOU. thnx.

Hi Pipimintpati nice charts, though i dont realy see anything clearly. to many lines for me....

After rechecked i figured that my gbp/nzd and eur/usd forks are not
valid. need more practice.

But i want to ask you. do you base your entries only on forks ?
or you combine with other technical analiz?
when drawing the forks, to my understanding i draw it from the past pivots and not curent one. then i need to chek how price react to median line ( this the importent part of fork) and not the parralels. am i right?

Did any one tryed forks on other markets. it looks to me ( from what i checked)
that in forex because of hight volatility the price doesnt react to forks as good as on other markets, making it harder to trade this type strategy.

what do you think?????

It is the weekend and I am able to offer my humble opinions.

THIS WAS A GREAT TRADING WEEK

Some of you will notice my CHARTS have changed. I went with Ensign

because of Tim - Shane and Paul. I have returned to eSignal Advanced GET

I paid for this prior to my travel along the ROAD to being a FORKER.

I LOVE BEING BACK WITH ESIGNAL - I does cost me more money - but the

cost is nothing compared to TRADING one losing trade.

Joe Di Napoli says - HAVE THE BEST TOOLS - HAVE THE BEST SYSTEM -

HAVE THE BEST WORKING ENVIRONMENT. I met his lovely wife and she

helps him do his THING.

Tim says - MARKET STRUCTURE - CONTEXT - FREQUENCY

As my 377 Tick chart shows a counter trend trade is warranted after a huge

run up - but be nimble, i.e. SCALP

Though these charts are looking good, my little mind could not read anything through these charts.....may be dumb mind!!!

Take the lighter side of it! Thanks!!

Hi,

I've been trading for about 5 years. I use daily charts, sometimes will enter on H4, as I decided quite some time ago against any lower tf.
Basically I refuse to sit in front of the screen. IMO that is unnecessary work, and I AM lazy. I do a lot of hard work during the weekends and if necessary during Asian session. I think trading should become kind of passion. Pleasure and profitability combined. Screen-watching doesn't fit that for me.

I'm not new to Pitchforks. I've been using them together with trendlines, channels and moving averages.
But recently I started to concentrate on Pitchforks, as they are able to surprisingly predict probable path of price.
I'm a strong believer that in trading we need predictive kind of indicators.
I have attended Tim's sessions. Now I subscribe to PaulC.

Anyway, that's my intro.

Recent monster trends in EUR, Silver, etc, leave me with 1 question: for how long will it go on? Even general public became very bullish (yeah, my wife wants to "invest in silver").
These creates a conditions for divergence from that perspective. Will markets provide such divergence?

2 charts: EUR and CAD. Both had a very nice reversal bars in the areas of interests. I'm very carefully long USDCAD. The white pitchfork provided some interesting support.

Paul

Looking for confluence in forks, channels (ie. modified schiffs), sliders & over/under shoots as price attraction points on the dailies.

fwiw.

..........still here
.

? ? ?
.

http://www.abload.de/img/sweetoilcfgu.gif

I was in this trade, and I was just boasting about it on the skype room when it came back down and hit my stoploss at break even.
Now, this was only a papertrade but you can see how being impatient can screw you out of a good trade.
You see that red arrow? I had placed that like almost an hour before. I thought when price is still holding at this level, broke the trendline, then came back round to touch the median line, I might see a new high.

Aight, so it breaks the trendline and moves up hard, I hit F9, buy at market, and quickly edit my order to set up stoploss and takeprofit.
My stop was 20 ticks, but since my entry was 18 ticks above where I wanted it, I had to go for a bigger target to meet a 2:1 r/r at least. So I thought, well we are gonna get a new high, so I set my target at +60 ticks or whatever. 1:3 RR good trade.
Then price reverses, FUCK ! Almost hits my stop, I am now realizing the mistake I made, since price came exactly down to where I wanted it to be...
But all is well, price moves up heavily, I go to b/e with 30 ticks up in the trade, BAM trade reverses.

Wall of text, what I was gonna say is this: I jumped in early because I thought I might miss a trade, well I got a trade, but I didn't make anything. Time to write myself little notes and stick them on my monitor: "Don't be stupid" etc...

Err #1. Don't chase the market. Patience or the lack there of had little to do........ you're greed in thinking that you missed a trade, and fear once in, when the market squeezed you, are the culprits as they played in your head. See your trade in advance and execute it. If you miss a trade, there will always be another, learn from it. .... but getting stopped out at BE is the least of the "many things" that can go wrong.

Err #2. Stoploss and take profits are derived from the charts and not your account size and balance. Even though you entered 18 ticks from where you wanted the natural take profit target remained the same, hoping for 3 times your stop-loss is a mistake. if your entry would have been 5 ticks better would you have lowered your target 15 ticks?

You target a median line, s/r level etc. etc.... you enter and your stop is behind you, preferably behind some type of price action barrier that would tell you, if breached, your view of the market is wrong and not based on what's left in your account. The distance from your entry to your stop-loss and target need to be within certain parameters for a good r:r value. If they are not pass on the trade and look for another.

There's lots of analysts but few traders, focus on being a trader.

regards,

I know my mistakes