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Andrews Pitchfork (Median Line)

  • #4,821
  • Jan 13, 2012 12:17am Jan 13, 2012 12:17am
I've been doing short clips on the euro because I type with one finger.. )))

Inserted Video
  • #4,822
  • Jan 13, 2012 9:47am Jan 13, 2012 9:47am
Here is s sample of a larger study I'm doing that simulates a random 50/50 system. The results of similar samples show the same clustering of R's and U's (win loss or visa versa). I know from experience that after several losses in a row I think about sitting out or changing the way I think about my trades but in actuallity I should expect several in a row both wins and losses.

When a runner wants to improve a marathon time they either have to increase stride rate or stride length. I think of that as working on risk reward .

I'll post later on results of 60% systems next.
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  • #4,823
  • Edited 6:39pm Jan 13, 2012 12:20pm | Edited 6:39pm
Here are my observations with the usd/chf, appears we could be at a reversal area for alot of pips!!!
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  • #4,824
  • Jan 14, 2012 6:45am Jan 14, 2012 6:45am
Nice to see you guys are seeing the same countertrend lines I am.
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Click to Enlarge Name: EU 240m.jpg Size: 159 KB
  • #4,825
  • Jan 14, 2012 9:05am Jan 14, 2012 9:05am
What does this mean, exceeds quota, I am trying to post attachments, but says space is limitied????
  • #4,826
  • Jan 14, 2012 9:47am Jan 14, 2012 9:47am
Baby,

Is the black upward sloping fork an A/R set?
  • #4,827
  • Jan 14, 2012 10:08am Jan 14, 2012 10:08am
Quoting rCrumb
Baby,

Is the black upward sloping fork an A/R set?

Just using it to measure...something wrong, Daddy? lol.
  • #4,828
  • Jan 14, 2012 10:20am Jan 14, 2012 10:20am
Have you guys ever seen or used something like this...can't remember where I saw the presentation, but thought I'd see what was there on a couple of charts...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU fork time projection.jpg Size: 123 KB
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  • #4,829
  • Jan 14, 2012 11:00am Jan 14, 2012 11:00am
Bay,

Sorry - reading is not my strong suit?! Are you familiar with action/reaction lines? As for the cycle hi being predicted by the distance to the mid-point of the B/C line - ot made me think of something in Patrick Mikula's book but it has to do with touching the median line.

"The first step to calculate the Median Line Pivot Zone is to draw a Median Line and count the bar size of the two swings from A to В and В to C. The size of swing A to В is shown as 10 bars and size of swing В to С is
shown as 15 bars. Starting from the newest pivot used to draw the Median Line, pivot C, count forward the number of bars in the larger of the two swing counts and mark this bar on the Median Line. Finally, draw a rectangle from pivot С down to the mark on the Median Line. This rectangle is the Median Line Pivot Zone. Research shows that the price usually reaches the Median Line before the end of the Median Line Pivot Zone."

Different obviously but maybe interesting?
  • #4,830
  • Jan 14, 2012 11:05am Jan 14, 2012 11:05am
Any kind of sloping channels will give you time projections, whereas a horizontal support or resistance area, gives no details or clues of this, angle trendlies provide the same kind of data, nice to know when in a trade using time projections how often or not, you need to check your charts....=)
  • #4,831
  • Jan 14, 2012 11:05am Jan 14, 2012 11:05am
Quoting rCrumb
Bay,

Sorry - reading is not my strong suit?! Are you familiar with action/reaction lines? As for the cycle hi being predicted by the distance to the mid-point of the B/C line - ot made me think of something in Patrick Mikula's book but it has to do with touching the median line.

"The first step to calculate the Median Line Pivot Zone is to draw a Median Line and count the bar size of the two swings from A to В and В to C. The size of swing A to В is shown as 10 bars and size of swing В to С is
shown as 15 bars....
Not something I have heard of but would like to see it, if you can post a chart of one that would be great. As far as A/R lines, I've seen them used and understand the concept. Don't use them as much as I should but I thought that counter trend frequency was interesting. Here's a pound chart I've been watching. I've been selling the switchback on the blue fork since it reversed off the LML.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 240m.jpg Size: 174 KB
  • #4,832
  • Jan 14, 2012 11:28am Jan 14, 2012 11:28am
http://img198.imageshack.us/img198/9...2gbpusd240.pnghttp://imageshack.us/photo/my-images...gbpusd240.png/

My 240 of GBP - down arrows show shorts taken.
  • #4,833
  • Jan 14, 2012 12:23pm Jan 14, 2012 12:23pm
Quoting bayfisherman
Have you guys ever seen or used something like this...can't remember where I saw the presentation, but thought I'd see what was there on a couple of charts...
Yes I do it . Sometimes I just clone the tail, keep the slope, drag forward and measure vertically. Here is the principle using a center line of an AR set by cloning another fork.

http://screencast.com/t/ihgHiCJrgDZi







[email protected]
  • #4,834
  • Jan 14, 2012 2:42pm Jan 14, 2012 2:42pm
Quoting bayfisherman
Have you guys ever seen or used something like this...can't remember where I saw the presentation, but thought I'd see what was there on a couple of charts...
I use something similar. My dynamic timing derived from andrew's pitchforks. It often tells me where price going to react, not always a reversal, can also be a continuation.
  • #4,835
  • Jan 14, 2012 5:59pm Jan 14, 2012 5:59pm
Quoting bayfisherman
Have you guys ever seen or used something like this...can't remember where I saw the presentation, but thought I'd see what was there on a couple of charts...
Bayfisherman,

Yes I use them all the time. If you think of pitchforks mapping out a sinewave in price, then the midpoint of points p1 & p2, the midpoint where you have anchored in your illustration should mark the mid point of the wave.... in theory the last half of the wave should show some type of relation to the first.

Your timing can be further broken down using fib ratios or .50 and .25 increments along the forks path, the intersections of these timing marks along the forks medians, looking like a ladder can mark time, experiment with the idea.

The other scenario that evolves from this line of thinking bases off the timing of the wave leading into the midpoint, the timing reflection should play out in the following price action. One school of thought could be the the reflected timing validates the fork????

Reflected timing as shown can also be taken from one of the reversal points of the fork if it's a higher time frame or major reversal point.

Hope it helps, regards
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  • #4,836
  • Jan 15, 2012 1:10am Jan 15, 2012 1:10am
Quoting auxesis
Bayfisherman,

Yes I use them all the time. If you think of pitchforks mapping out a sinewave in price, then the midpoint of points p1 & p2, the midpoint where you have anchored in your illustration should mark the mid point of the wave.... in theory the last half of the wave should show some type of relation to the first.

Your timing can be further broken down using fib ratios or .50 and .25 increments along the forks path, the intersections of these timing marks along the forks medians, looking like a ladder can mark time, experiment with the...
Very nice. Bayfisherman likes this.
  • #4,837
  • Jan 15, 2012 2:45am Jan 15, 2012 2:45am
Took your EU chart and laid the fork down as shown and played around a little with it. Found that BC was giving some action as a countertrend frequency...any literature on that...thanks again for the presentation of the time methodology. As if I didn't already have enough to mess around with...lol! The timing thing is something I've wanted to dedicate some time to and I feel like I've got the motivation now...looks good.
Attached Image (click to enlarge)
Click to Enlarge Name: AR frequency.jpg Size: 162 KB
  • #4,838
  • Jan 15, 2012 2:50am Jan 15, 2012 2:50am
Quoting Merkabah
Any kind of sloping channels will give you time projections, whereas a horizontal support or resistance area, gives no details or clues of this, angle trendlies provide the same kind of data, nice to know when in a trade using time projections how often or not, you need to check your charts....=)
don't know what happened to you there...but if you can post a chart of how you use your time projections in the channel that would be great thanks.
  • #4,839
  • Jan 15, 2012 3:05am Jan 15, 2012 3:05am
Quoting bayfisherman
Took your EU chart and laid the fork down as shown and played around a little with it. Found that BC was giving some action as a countertrend frequency...any literature on that...thanks again for the presentation of the time methodology. As if I didn't already have enough to mess around with...lol! The timing thing is something I've wanted to dedicate some time to and I feel like I've got the motivation now...looks good.
Your B C is a valid center line so can be used to measure from. There are many talented chartists on this thread.
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  • #4,840
  • Jan 15, 2012 3:19am Jan 15, 2012 3:19am
Diggin the cycle analysis...
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