Andrews Pitchfork (Median Line)

the only set-up I have been happy with so far this week

but just 1 good one each week is enough, luckily

that said, still no guarantees with this one

..........it's a grind

.

Testing support on the daily?

try not to spoil it for me

Sorry mate.

I sat and watched this and did nothing.

joking

that's a channel i take it..........bullish gap?

looks good to me Peter...this has been one of the stronger pairs though as it pulls back into the LML lines would be looking for dollar weakness to buy this one...nice sell at the quartile and channel projection top.

Hey guys just to let you know go things on the horizon for me....opening a forex trading room based on pitchfork analysis...if anyone would like a free trial and sit in and take some trades with me shoot me a PM and I'll get you the link. Going live for the London and NY session this Monday. I'll be scanning all the usd and yen pairs for setups and possibly a few EU crosses.

Good trading all.

Wyckoff channels, looking at this false break out of an inside bar right on short term and long term supply lines. Confluence?

Not strictly pitchforks...apologies for that.

Personal take on cable right now, looking at daily lines for force, i see we have failed several time to reach the blue CL of the up sloping ML. This failure could indicate a nice pull back to at least the lower blue ML, any upside may find resistance in that upper zone, looking at the yellow ML that encapsulates a very large range this looks very toppish to me not to say the long side can be squeezed further I will wait for better location before making any long attempts I think.

wanted to add

(maybe that yellow sideways fork center line might be a nice support zone with a tight stop for a rally back up but its tricky for me the intersection zones would make me feel better or at least some edge action off the major forks. kind of in the middle right now. smaller time scanning may be needed to slip into a position one way or the other.)

http://enocfx.blogspot.com/

http://enocfx.blogspot.com/

Look out below.. AU is THE carry trade..Will be a small exit for a lot of people to fit in.

We do not have to trade every day Keep is simple and look for the right pattern.

Simple one here GBP/JPY 4H chart

AUD/USD 4h simple pattern
Did you Catch any move?

Very nice!!! Good to see you posting and trading. Wasn't watching Aud-Usd.

FX4

hello forkers
a simple chart. usdjpy gain energy below TL and springs off

hello forkers
Aussie shows price failure and has got into demand zone.if it breaks through 1,0060*** 1,0127 is supply zone.

Some charts I was working on
Audusd has alternate A point
Eur is h4

Excellent Trading Catalin

Here's a thought:

Since today was the first day of public trading for Facebook stock (FB), can someone post a chart for it showing the use of median lines to see if any high probability trades could have been made?

Hi Kapital,

Forks and the Facebook IPO...

Chart courtesy Google Finance...forks were drawn by hand, but I think they tell a story . WLs off of the green fork might have been helpful too. Great thing about these pitchforks, they will work with three pivots unlike lagging indicators that have to wait for a number of periods of time to pass before they can tell anything meaningful. (Not saying they have no value by the way). Drawing a downward fork with the first pivot just after 11 am where the price began to drop would probably also have given a nice fork.

Take care,

FX4Newbies

Thanks for the reply FX4Newbies!

No probs .

Have a great trading week.

FX4