Andrews Pitchfork (Median Line)

Is it appropriate to draw a downfork at this point?

HI
I draw new one when price go out from the old one,

and hi is the best I know in forks

http://coghlancapital.com/node/6190

Why aren't any shown in your charts?

Did anyone attend Tim Morge's 3rd "Treat Your Trading Like A Business" seminar yesterday?

Love this thread.
I am learning forks now and please if you see mistakes feel free to correct.
I have been reading Tim's materials on his site and needless to say lot I need to cover.
I trade mostly EC,UC,NZ and AU.
So on EC I see a break of price behavior to downside.Lower TL is broken.Price could test the high again which I have limit shorts waiting or continue downtrend.

I delete them to have clean chart.

Here is the write-up regarding the infamous weather temperature prediction by Dr. Andrews:

http://www.medianline.com/journal/20...tion-rule.html

GU,H1. It retested the LML, though it did slightly exceed it, but stopped at the TL.

I love forks and more I read Tim Morge more I like this.I also love Harmonics so incorporating both.
As you can see price has broken the lower TL and now we have new price behavior.
I see Gartley pattern forming as well.
I have numerous short orders and more waiting in the wings to get call for action.

This is EURCAD Daily from Ben at www.coghlancapital.com

Pips...if you use the extreme width pivot to the left of your P0 you will have this (note the pre-resonance):

If the original fork is worth it's salt, then the modified schiff should serve as support if price drops out of it (original).

Adding a few sliding parallels to the equation:

Let's get ready to rumble!!!

Closed all my EC shorts at 3698 Have not counted the pips but its up there.
Re-entered again at 37 3705 limit shorts at 3725,3750 38

When you see a pattern of range then take your profits and re-enter again and again.In essence you are taking advantage of repeated waves.
Its best that you enter 1 direction only and in the direction that you think price is heading this way if price breaks out of range it breaks out in your favor.

Hi Kapital
It would be great if you post your orders otherwise there is no context about your charts
"rumble" Where?

I had exactly the same thought. I didn't know if you (kapital) were suggesting a long at support, or a breakout going down. (Price has fallen).

Regarding my GU,H1 chart:
It could have been helpful to me to do this kind of PF analysis earlier. When in a strong trend with a few pullbacks along the way, draw (for this downtrend) a pt1(A), then a higher pt2(B), then usually-lower-than-pt2-draw-a-pt3(C).

Starting from the top, the black fork would have been tough to trade short. Resuming the uptrend was still possible. Price never reached the ML, and the 3 attempts form a sliding parallel, shy of the ML (so it's an Hagopian, since it failed to reach the obvious main target).

The orange fork is next. PERFECT ML touch at the yellow circle.

Light blue.. perfect ML touch.

Purple, same pt1 and pt2 as the light blue, but lower pt3. Also the smaller red fork can be drawn inside the purple.
The red has a perfect ML touch but it's only for a pullback. Price exceeds it, and ends up also breaking above the purple ML. IMO that makes it tough to see a trade, but the purple sliding parallel is the only thing I see here.

Green fork has a perfect ML touch (green circle). It slightly exceeded this high but shy of the ML (Hagopian?) That should have been a warning for me regarding my long at the green arrow.

Price did break below the green LML but did bounce. Draw the dark-blue fork. Price stopped dead at the ML (blue circle). Not only would this be a good place to take profits long, but not a bad short too. The dark blue fork is the only one of these where the pt3 is not lower than pt1. Still, a short would have worked at the ML.

Now we are at the brown fork. There was good intra-fork resonance at the brown ML, and it did initially bounce well from its current pt3. However, it's drifting lower. The LML is holding but it looks more like a triangle that is more likely to give way to the downside.

GBPUSD - Price fail to close above 1 ml 2-3 (Green) scope for short but when plot the 2 ML 3-4 it is up sloping give no chance for short . in retracement price done a important thing by closing beyond the ML(brown) and stopped at lower H.this is a warning indication.`in 3 Ml 4-5(Aqua) price gone away from it through the brown MLH and makes a new high .The bird is flying now look price pass through MLH ,try to regain it position but failed forming a "Broken wings" .

Watching UC for short possibility.Price hit median line.According to Alan Andrews 80% price will break to upper TL hence waiting to see if that happens or short towards LTL

Hi friend
In my opinion simplicity is clarity.You have way too many forks.
To me there is 1 dominate fork H4 Tim Morge's favorite and daily and if things are not clear then skip it.
In your chart you have a down trend and obvious down fork however all your forks are going sideways which to me makes no sense unless we have a solid price behavior change.
Tim explains here the best.Regards