Andrews Pitchfork (Median Line)

5 min EUR/USD

Got your point , thanks

Thoughts???

http://www.forexfactory.com/showthre...14#post6469314

kapital

you wanted to know who were the best fork practitioners and i suggested Paul Coghlan. You didn't reply or say "thanks" but in case you're interested he has a free webinar tomorrow:

http://www.coghlancapital.com/node/5170

Forgive me cg. I thank you and all who provided additional names.

I forgot about Coughlan. He's been doing well in carving out his own path since his days with Tim Morge.

i have been watching silver plotting nice chart.respecting lines

Are you Paul Coghlan in disguise?. This guy has learnt from Tim Morge but seldom acknowledges him or gives credit to him. On the contrary talks as if he is the foremost proponent of Median lines and yet uses all the phraseology from Morge. Shame on Paul Coghlan.

THE LOGIC BEHIND THE PITCHFORK

http://www.forexfactory.com/showthread.php?t=307036

Here are some setups for the upcoming week.

DXY: Here is the DXY chart, notice how long it took for price to get back to the origin of the drop compared to how long it took price to reach the bottom of the drop. This tells us that the the sellers at this level are much more "powerful" than the buyers.
https://www.tradingview.com/x/H62uMEZX/

USDCAD: Possible short at this supply line and median line reaction.
https://www.tradingview.com/x/Yd1biVFq/

AUDUSD: A nice setup here with Andrew's Pitchfork analysis. Price has settled into a nice channel here. Notice that price is on the extreme end of the bollinger band just as it interacts with the median line. This tells us that price is more likely to reverse. Also the DXY is at a supply level and showing good signs of dropping. Target is the right median line with the dashed median line on the way as a test for price action to exit position early. Stop is just below the lower blue trendline. Will exit position and observe price action for re-entry at the other median lines and or the possible supply level marked by the dashed horizontal lines.
https://www.tradingview.com/x/OLjKMMBB/

What charting program are you using Cree?

For these charts I used tradingview.com. It makes it super easy to save and post pictures of charts.

Dollar is king ya'll

USDCAD
CAD is at the level that tested 3 times before

DAILY GOOGLE

HOURLY EUR/JPY

It doesn't get any better than this.

Any one heard of Andrews Sideways count, a old reliable tool witch he used in congestion market,price moved in two channel.each mark was drawn only after prices had first been at the opposite channel line.when price came out of channel,as result of drake out andrews use simple math to calculate the target.1.Determine the price range of the channel.2 Count the number of mark on the brake outbrake down channel line.3 Multiply the price range of the channel with times the number of mark drawn. in case of brake down -1 Subtract that figure from the upper channel line price.that is the first target and 2 subtract that same figure from the price at the lower channel line, 2nd target.

http://charts.mql5.com/1/194/gold-w1...ancial-ltd.png






Gold in narrow channel ,let's see what happen

Where have all the wonderful forkers gone? This thread used to have excellent posts and posters. Folks post more often!

Long setup for EUR/USD

Why have you drawn your fork from that swing low? watching shane and tim`s videos I thought a swing high/low needs to be taken out before a new fork is drawn. I may be mistaken but a change of behavior in price is needed first.

I am using the fork only for target objective...here is my PA reading...on 15 min.