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Andrews Pitchfork (Median Line)

  • #5,281
  • Sep 9, 2012 11:06am Sep 9, 2012 11:06am
will be interesting to see if the prior low holds
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  • #5,282
  • Sep 9, 2012 11:21am Sep 9, 2012 11:21am
looks like we are at an area as well...
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  • #5,283
  • Edited 12:08pm Sep 9, 2012 11:49am | Edited 12:08pm
I usually stay clear of gold but just wanted to look to see where we were at...

Looks like I was clear of gold for a bit....might help to connect to the data server...lol
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  • #5,284
  • Sep 13, 2012 12:20pm Sep 13, 2012 12:20pm
The "ka-ching" trade.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,285
  • Sep 21, 2012 5:17am Sep 21, 2012 5:17am
Interesting how these two forks tie in together so well.
Good bounce off the green mid line,wonder if it will hold.
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You can remain irrational longer than you can remain solvent.
  • #5,286
  • Sep 21, 2012 5:35am Sep 21, 2012 5:35am
nice a/r set
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  • #5,287
  • Sep 21, 2012 5:42am Sep 21, 2012 5:42am
And the Dollar starting to slip below the mid line.
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You can remain irrational longer than you can remain solvent.
  • #5,288
  • Sep 21, 2012 5:43am Sep 21, 2012 5:43am
Quoting bayfisherman
nice a/r set
Nice divergence you had going on there.
You can remain irrational longer than you can remain solvent.
  • #5,289
  • Sep 21, 2012 2:15pm Sep 21, 2012 2:15pm
did eaglestar get his blog up and running? Havnt been on here in a few months.
  • #5,290
  • Oct 1, 2012 8:00pm Oct 1, 2012 8:00pm
hello ?
  • #5,291
  • Oct 2, 2012 12:32pm Oct 2, 2012 12:32pm
Quoting jezek5
And the Dollar starting to slip below the mid line.
OK,time to update this,Dollar didn't slip through the mid line (green arrow),
and bounced all the way to the top channel,we're very close to make its
mind up time
I think its going to fall,other opinions are available.
A break above 9900 would change my view.
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You can remain irrational longer than you can remain solvent.
  • #5,292
  • Oct 2, 2012 12:40pm Oct 2, 2012 12:40pm
Quoting jezek5
Interesting how these two forks tie in together so well.
Good bounce off the green mid line,wonder if it will hold.

So it bouced up and came down to a 50% level and bounced
up again,I've been buying dips rather than selling rips on this.
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You can remain irrational longer than you can remain solvent.
  • #5,293
  • Oct 2, 2012 1:44pm Oct 2, 2012 1:44pm
your trading fibs and forks at the same time?...doesnt that get confusing?
  • #5,294
  • Oct 2, 2012 2:00pm Oct 2, 2012 2:00pm
Quoting big_pipin
your trading fibs and forks at the same time?...doesnt that get confusing?
Not really,i'm just playing around with forks,
i like the way they give a heads up on possible early
trend formation and channel play,sorry for the confusion.
You can remain irrational longer than you can remain solvent.
  • #5,295
  • Oct 23, 2012 6:22am Oct 23, 2012 6:22am
QUESTION:

When drawing a fork with an Alternate Point of Origin (APO) so that the upper or lower parallel intersects a significant pivot, how does one choose the best spot to place the handle so that a modified schiff can be drawn?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,296
  • Oct 23, 2012 9:53am Oct 23, 2012 9:53am
I had 2 nice shorts...
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  • #5,297
  • Oct 23, 2012 1:05pm Oct 23, 2012 1:05pm
Quoting kapital
QUESTION:

When drawing a fork with an Alternate Point of Origin (APO) so that the upper or lower parallel intersects a significant pivot, how does one choose the best spot to place the handle so that a modified schiff can be drawn?
Kapital,

Would you mind putting up a chart to illustrate your question?

Thanks,

xt
  • #5,298
  • Oct 24, 2012 8:26am Oct 24, 2012 8:26am
Aussie Daily - another LP bounce from the green circle

http://www.screencast.com/t/P2AqbhiOf

beeb
  • #5,299
  • Oct 24, 2012 9:22am Oct 24, 2012 9:22am
Quoting xtsunami
Kapital,

Would you mind putting up a chart to illustrate your question?

Thanks,

xt
Sure,

These are charts of the Daily EUR/USD. The first chart shows a traditional median line set. I chose the encircled pivot to draw the median line set with an APO. The second chart shows the median line set with an APO. My question was regarding where to place the P0 pivot so that I may draw a modified schiff? I've always thought the best choice would be to just move the P0 pivot up or down vertically from the original P0 pivot until the parallel intersects the chosen pivot (3rd chart). However, I wanted to see if anyone else had done any experimenting and discovered an alternate choice.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,300
  • Edited 10:23am Oct 24, 2012 10:05am | Edited 10:23am
Quoting kapital
Sure,

These are charts of the Daily EUR/USD. The first chart shows a traditional median line set. I chose the encircled pivot to draw the median line set with an APO. The second chart shows the median line set with an APO. My question was regarding where to place the P0 pivot so that I may draw a modified schiff? I've always thought the best choice would be to just move the P0 pivot up or down vertically from the original P0 pivot until the parallel intersects the chosen pivot (3rd chart). However, I wanted to see if anyone else had done any...

Kapital

I'm not sure I really understand what you are asking, but for a technically correct fork you need to place the A on a swing low (or high). The B and C are then the following swing high and low (or low and high). A Schiff or a modified Schiff are variations on this original fork.

By floating your A in the middle of nowhere you are effectively negating the A and therefore the entire fork. What you have left are merely a series of action/reaction lines......

You seem to have got things the wrong way around - first identify your A (and B and C) and only then look at the variations...

Hope this helps

beeb
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