Andrews Pitchfork (Median Line)

Back between the 38.2% and the 23.6%. The 1.3750 area has been favored.

Greetings All:

It's been awhile.....

These Andrew's Lines has been tacked on my 240-min Gbp/Usd for quite awhile. On last Friday's closing, the pair tagged a high at -1.6087+; being contained right to the tick by the down-sloping upper median line. The sell-off started early during the Asian session; producing a -100+ points sell-off during the early London session, thus far.

Have a good one
Jeff

Hi Jeff,

Nice GU chart. Do you have any insights into when one would more likely expect to use a pivot adjacent to the obvious major high/low pivot?

Assuming pitchfork pivots numbered 1, 2 and 3, do you notice whether any particular pivot is more prone to need to be shifted to an alternate pivot? (In your GU chart, you shifted p3 forward). (Use whatever pivot numbering you prefer; this is just my style).

Did you perhaps consider using the major pivots for p2 and p3, but shifting p1 upwards a tiny bit so that the Sep 22 low touches the LML. It so happens that if done that way, the UML has decent resonance, although the first (highest) peak was still shy of it, then the 2nd peak touches perfectly. (Try it).

Do you prefer shifting forward, or backward from the major pivot to find an alternative minor pivot?

Do you just find the shifted pivots by trial-and-error, just seeing which ones might have some resonance or not? And if a shifted pivot has resonance, would you trust it more strongly than a fork drawn with the major pivots that *might* later start resonating better?

Is there some subjective or objective kind of "look" of a major pivot that makes you more or less likely to use it? Example: Some screaming fast and/or large bar might be more or less likely to cause you to shift it ??

The "quartile" lines are well known and work. You also have 1/2 again lines (so "eighth-tile"?). I know they work. Do you use "sixth-tile" lines? (each half-a-fork divided by 3).


Just looking to expand my awareness of such things. Thanks in advance for any comments.

Kent (pips4life)

Good to see you Jeff...

daveM

Hi Dave:

Good to see again as well. Take care

Have a good one
Jeff

Hi Kent:

Thank you for your queries. Please give me a little time to organize my thoughts to answer your questions. I'm not too good with words. That said, I will definitely get back to your queries. Take care.

Have a good one
Jeff

nice forks, keeping an eye on

.

Outstanding frequency here...

where would you guys put a stop?

gold is on the energy point.

HOURLY USD/CAD

Nice observation!

Followup to the hourly USD/CAD setup.

Kapital,

You have lots of nice charts - are you taking trades off of them?

...

That might be the high of the day folks.

Weekly chart EUR/USD

Here are my 233 Tick charts of the 5 currency pairs I trade (Pound, Euro, Swiss, Aussie and Canada).

Eur/Usd 1hr chart

Can someone quickly explain the Schiff, median line and why it is different than Andrews median line?

Thanks!