Andrews Pitchfork (Median Line)

kent, thanks

P0 as shown, just an ordinary andrews as far as i know

noticing good ML frequency at the moment.......perhaps markets are being a bit more sensible than usual?!

......contradiction in terms perhaps for some
.

i'm leaning towards down

any opposing views ?

.

looks like a big dump...no telling where the bottom is. may see some support soon.

short 3173, SL 3203, TP 3118.........could go either way and often does.......x4 red news coming
.

support at 3140, lets see if we can push through that........load up those shorts bay

.

I am attaching 2 files. GBPUSD H4 and H1.

I am expecting a bearish market this week, but if price breaks 1.5896 level this week may show a strength in prices and price may rally to the upper parallel line that is around 1.5980 ( That is the yellow rectangle on H4 chart) . And if price breaks 1.5847 , Then i am expecting price to reach the grey eclipse (median line) on H4 chart.

When we look at H1 chart , price surely reached the median line and it couldnt gap through, so as Andrews said price is reversing. So we can except a fall in prices (maybe 23 pips) on market opening, and in this case i would traget 1.5841 , that is the lower parallel on the brown fork on H1 chart.

Anyways, patience is the key here.
That is for cable.
We will see what happens.

(By the way first i watch price movement when the market opens and i NEVER open trades at the time of market opening, always i open trades 5-7 hours after market opening)

Alternatively images are uploaded to http://www.screencast.com/t/fGMlG3XeHq and http://www.screencast.com/t/COtzyVJXt

Regards
- Aarish

First of all I would start with H1 chart. When i looked at both H1 and H4 chart there is a nice channel formed and price is respecting that channel, specially on H4 chart. I am expecting a fall in prices on USDCAD and price may reach to 0.9944 and there may be a turnover, because it is an energy point. This level is marked with a rectangle on H1 chart.

When we look at H4 chart, There is market strength and I think price would rise for around 20 pips , that is a retest of green fork ( 0.9985 level) and then price may fall. Or we can expect a breakout of a channel. So far price is respecting the channel.

I am expecting a bearish market for at least 3 days.

Alternative links for the charts are http://www.screencast.com/t/pvDiEaRJ1C and http://www.screencast.com/t/iXFerJ2q

As said before i will open trades after 5-7 hours of market opening.

Regards,
- Aarish

Like CHF and JPY, too.

looking to sell the rallies for sure...

This week i am expecting a bullish market for NZDUSD .

Both H4 charts and H1 charts shows buy signal and i think this may be 100+ move. However, recently there are some erratic moves of NZDUSD. Specially on H1 chart, but H4 chart seems to be clear.

The yellow rectangular box is the target, but we need more clear confirmation.

Alternative links , http://www.screencast.com/t/Rt8Gxvq7w and http://www.screencast.com/t/PjxhxxwrCqM

More charts coming for other pairs that i trade.........

Regards,
- Aarish.

just messing around with drawing this morning...

do people still trade the Euro?

usdchf

Hi I am a wannabe forker.
Very new to this.
Here's my EURUSD chart

Does anyone have a link to the free webinar given by Timothy Morge earlier this week?

I like this m. schiff downsloper as well

Hi Bayfisherman,

Just noticed your Ninja charts. If I may ask, what data feed do you use with that platform? If you'd prefer me to send a PM please let me know.

Thanks,

FX4

Did you ever manage to find the video with live appearance of Prof. Andrews as per your request posted some moons ago?

It's a free demo platform that I do my drawing on....

Yes...I've heard of NinjaTrader. But I thought some time ago they required traders to subscribe to a data feed...PFBBest.com?

FX4