Andrews Pitchfork (Median Line)

up and over??? i'll leave it with you........signing off
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yet again, another stress free trades, take some-leave some, all covered, maybe things might play into the longer term outlook cos so far the bulls are healthy, watching, as always..

TP2 on chart met and overmet ++, this has been really looking for sometime now, anyone intrested shud pls go through my previous charts, theres is still more info contained in those charts, never take for granted, never that!

peace and more pips to all

hello forkers.....
good example of regular median line and modified pitchfork.
see regular divergence.....

so far so good........see what next resistance presents
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still more, sorry guys but some charts do produce good pips!!!

http://www.forexfactory.com/showthre...51#post5445651

Wkly USDX chart with a low to hi regression channel carved out since April 2011. Also in between fib pivots.

a loss and a gain

a loss and a gain

here we go.........maybe
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What are you expecting to happen?

its in the picture, take a look

No disrespect intended. Momentum appears to be in favor of the bulls.

non taken , and yes the bulls might take over

however, i am still happy with the original analysis and bias......which could be revised as new information comes to light

and re chart question, for me, no its not a median touch

good example for price failure and A/R.it might get closer to 1,5962

anyone keen?
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+70........early exit just before news release
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Excellent trade Peter. Good entry, and wise exit before news. If you got +70 of a total +82 move, that's also excellent trade management.

Your original GU fork was, I suppose, an "APO" style. (Alternate Point of Origin, with arbitrary 1st point), although by lining up the lower LML to connect the two lows, it was equivalent to the Modified Schiff as drawn in my 1st chart below.

I played around with some forks that I would have drawn using regular pivots. They didn't necessarily catch your entry as well, but several of them picked the peak high. The Daily charts show a precise touch (0.2pip overshoot). The same forks on an H1 would still have been within 4 pips. The thing is, the Fork on those Daily charts is not what I would have considered a prime candidate, *except* for the previous two ModSchiff (MS) LML touches that preceeded the latest touch. I did actually draw that fork a long time ago, and I noticed the resonance, but for the most part I don't watch GU very closely.

For the up-move that started ~Mar 22, I would have initially drawn the 4th chart, and you can see it has good resonance, and the 1st WL above the MS UML picked the latest top.

I would have drawn the 2nd fork after Mar 28th low. The latest high just missed touching the MS UML.

If I wasn't playing around to analyze your trade after-the-fact, I never would have drawn the 3rd fork, nor even the 1st fork, but you essentially did and it worked out well for your entry, and as a pre-news warning that your upside may be limited.

Kudos.

+100 wasn't home to take it at the ML, nice PT though...

may have some more room...like this shot a little better decided to play it safe and hedge possible pullback. oops spoke too soon...left some on the table there looks like...

leaning towards up???

and 240 leanding support???

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