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Andrews Pitchfork (Median Line)

  • #4,841
  • Jan 15, 2012 5:59am Jan 15, 2012 5:59am
Found these projections to be pretty nice. Easy to see in hind sight but we'll see how this pans out at the right edge. Looking forward to seeing some of this in action. What weight do you feel should be given now past the 100% projection zone...should this frequency/pattern carry out to the 200% and so on?
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  • #4,842
  • Jan 15, 2012 6:53am Jan 15, 2012 6:53am
Just wanted to look at some things like this on a schiff...not bad.
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  • #4,843
  • Jan 15, 2012 11:22am Jan 15, 2012 11:22am
EU

My bias still short but
price is making expanding triangle which could also mean a reversal
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  • #4,844
  • Edited 12:46pm Jan 15, 2012 12:35pm | Edited 12:46pm
Quoting bayfisherman
Very nice. Bayfisherman likes this.
One of my daily charts that I've had running for some time now, Friday's move falls on a significant reflective point, your call as to the directional nature as it plays off a retest of a possible resistance, but keeping to the reflective cycle we should be into a 2 week directional push, probable targets for either direction are mapped out............

fwiw.

edit, 2nd chart holds the key imho...
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  • #4,845
  • Edited 1:19pm Jan 15, 2012 1:02pm | Edited 1:19pm
Your tools are probably a little better than mine...could you look into this
projection AR set and see what you get on your data...thanks.
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  • #4,846
  • Jan 15, 2012 2:16pm Jan 15, 2012 2:16pm
What I like about pitch fork taders is....like the best pool players in the world, will tell you they plan 4-5 shots ahead, and pitch fork traders with fibonacci and time projections arre often able to project future swings in the markets, while all the ohter traders are looking to re-join the trend based upon some 38.2 or 61.8 retracement.
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  • #4,847
  • Jan 16, 2012 3:26am Jan 16, 2012 3:26am
good week for forkers......
i see an energy point.if it holds, aussie might down
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  • #4,848
  • Jan 16, 2012 11:12am Jan 16, 2012 11:12am
restest of sliding parallel, looks promising.
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  • #4,849
  • Jan 16, 2012 11:59am Jan 16, 2012 11:59am
we've had a major suport level bounce off a 38.2 with the close higher...I see momentum bullish setiment candles.
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  • #4,850
  • Jan 16, 2012 12:13pm Jan 16, 2012 12:13pm
Quoting Merkabah
we've had a major suport level bounce off a 38.2 with the close higher...I see momentum bullish setiment candles.
Don't trade a lot of fibs but understand how they work...the fork you have drawn in there on the switchback underneath the lower median line looks like weakening momentum...we get above 3774 I'll consider a long position, 3/4 rejections at that level as off late.
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  • #4,851
  • Jan 16, 2012 3:28pm Jan 16, 2012 3:28pm
Bayfisherman,

Have you considered ensign as a charting platform? Drawing is a dream and at $50 a month with spot forex data included its a good deal too. The only problem I have with 1.0377 on AUD/USD is everybody has that line on their charts.
  • #4,852
  • Jan 16, 2012 4:29pm Jan 16, 2012 4:29pm
Weekly Eur/Usd.
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  • #4,853
  • Jan 16, 2012 4:32pm Jan 16, 2012 4:32pm
Looks better on the daily.
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  • #4,854
  • Jan 16, 2012 4:41pm Jan 16, 2012 4:41pm
Trendline on monthly Eur/Usd chart.
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  • #4,855
  • Jan 16, 2012 6:27pm Jan 16, 2012 6:27pm
Quoting rCrumb
Bayfisherman,

Have you considered ensign as a charting platform? Drawing is a dream and at $50 a month with spot forex data included its a good deal too. The only problem I have with 1.0377 on AUD/USD is everybody has that line on their charts.
Don't have the funds and the moment for any more monthly fees but would like to upgrade my tools for sure as it allows. I'm sure "the boys" know and they will be running those stops soon enough...lol.
  • #4,856
  • Jan 16, 2012 8:04pm Jan 16, 2012 8:04pm
signs to start hunting
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  • #4,857
  • Jan 16, 2012 8:07pm Jan 16, 2012 8:07pm
testing median line

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  • #4,858
  • Jan 16, 2012 8:28pm Jan 16, 2012 8:28pm
Quoting jayjb
testing median line

Attachment
you have to show at what extreme point you draw your Pitchfork from. But anyway here is my trigger chart. Enjoy !
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  • #4,859
  • Jan 16, 2012 8:46pm Jan 16, 2012 8:46pm
Quoting rCrumb
nguyennguyen,

Why do you never have your upper and lower median line parallel visible when you chart?
Hi, i dont use upper and lower median line. Well most of us median line traders we use 1 set up which is called test and retest right but for me im not really interest in that set up but what i looking for is the theory that price will reach the median line 80% all the time. i use median line to see how long price will take to fulfill that 80% and how many bars will take to reach the median line ( = original or 1:1.5 or 1:2 ratio). Sorry for my English.
  • #4,860
  • Jan 17, 2012 8:49am Jan 17, 2012 8:49am
GBP/usd
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