Andrews Pitchfork (Median Line)

Thanks!

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GC 240 min - been watching this since the September LP touch....

Looking to see breach AND SUPPORT above 1677 level. This line has been resistance numerous times before often with a spike away from it. So far on this approach there has been a lesser spike - this coupled with support arriving higher in the fork makes me watch for a breach....

beeb

AUDJPY 60min

http://www.screencast.com/t/pu0JS5cL

beeb

HOURLY EUR/USD


To some, this pitchfork is considered blasphemous. However, the proof is in the pudding.

Can someone provide an example of a reverse media line as taught by Dr. Andrews?

Also, does anyone know where to obtain additional information about George Marechal and his works?

Kapital,

If memory serves, reverse pitchforks are the extended median line of an existing price channel. When price reverses on the following extension at the extended median it signals a possible higher degree reversal. You'd draw in the new counter fork and look for a set-up.

Hope that helps,

Can't help you with Marechal

pic, shows the original concept I believe by anchoring the median off the reversal to redraw the upper and lower medians with warning lines, breaking the P2 median or following parallel, would be a trigger.

Thanks a lot for the explanation auxesis! It's crystal clear to me now.

Fwiw, some euro snags.....

240. shows price at center median, next upper target would be the inner set confluence with upper channel boundary coming in around 3550

5 minute interday play

HOURLY EUR/USD

Is there been anyone since Andrews who duplicated his success at predicting changes in weather temperatures? I don't know about anyone eles, but that is an amazing testament to the versatility of median lines!

Pardon the incorrect grammar in the above post.

Who are the elite median line (pitchfork) teachers of the modern era?

Timothy Morge
Greg Fisher
Ron Janeisch
Gordon DeRoos
Mircea Dolga


Did I miss anyone?

Reverse Median Line
Not sure where to insert this post hope it helps Andrews used the Reverse Median Line to spot buy or sell price levels that often indicated continuance of the currant trend or price reversals .The Reverse Median Line construct is drawn like a regular Median Line by choosing three alternative pivots ,but instead of using pivot one for the beginning pivot, pivot three is used. The mid point between P.2 and P.1 is then located. A line is then drawn from P.3 through the mid point of P.2 and P.3 .The parallel lines are then drawn. Because the Pitchfork will be extending to the left rather than right , the pitchfork lines need to be extended to the right " Rather than using his normal pivot counting approach for this technique ,i e: labeling the beginning pivot of the trend he was studying as P.0 he labeled the beginning pivot as P. 1 this I believe is happening with e/u as the trend shifts to the right and as it appears in this set up on the daily chart the trade did in fact play out lets give time and see. If price breaks the median upside I buy if it breaks to the down side I sell median up or down either way we have a most simple way to see what the probable direction is .
Regards:
Split

Short entry on re test

Paul Coghlan - www.coghlancapital.com

Just in case you folks missed this one try reading The Best Trend Line Methods of Alan Hall Andrews & Five new Trend Line Techniques by Patrick Mikula easy to understand Pitchforks this book is by one of the few students of Andrews
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Two videos from www.coghlancapital.com from friday:

http://www.screencast.com/t/ZjR7ybbMY3

http://www.screencast.com/t/wrd2vDkTos

Does trading Median Line on 5 minutes charts worth trying ? i know that action/reaction exists on every TF (fractal nature of the market ) though i am asking about it worthiness ?

Imo even on the 1 minute, it would depend on having a broker with low spreads and you knowing your targets are proportionately narrower than a 15 m or a 4 hour median line setup.