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Andrews Pitchfork (Median Line)

  • #5,661
  • Aug 22, 2013 11:14pm Aug 22, 2013 11:14pm
Some chart updates. Up this week.

Yen Pairs look like may retrace a little before continuation.

USDCHF may bounce on the fork and move higher but needs to break recent rejoction areas for serious move up.

USDCAD flying high looking for Median Line and continuation higher. May have a Zoom retest
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,662
  • Aug 22, 2013 11:33pm Aug 22, 2013 11:33pm
will eurjpy retrace alot before it continues in the up direction
  • #5,663
  • Aug 23, 2013 12:26am Aug 23, 2013 12:26am
Quoting tcooper
will eurjpy retrace alot before it continues in the up direction
My opinion would be that it would hit upper blue ML or White Sliding Parallel. Watch Price Action to guide any entries to Median line if you go long. I am not going to try to enter at the moment. I hope this chart helps.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,664
  • Aug 24, 2013 9:33am Aug 24, 2013 9:33am
Quoting eaglestar
{quote} My opinion would be that it would hit upper blue ML or White Sliding Parallel. Watch Price Action to guide any entries to Median line if you go long. I am not going to try to enter at the moment. I hope this chart helps. {image}
Thanks for showing the charts Eaglestar.
Is there a way to draw parallel lines in MT4. I could not find it, though I would think it must be there.
Posting Demo charts, mirroring some of them live.
  • #5,665
  • Aug 24, 2013 12:35pm Aug 24, 2013 12:35pm
Quoting forexpiet
{quote} Thanks for showing the charts Eaglestar. Is there a way to draw parallel lines in MT4. I could not find it, though I would think it must be there.
Native MT4 sucks with respect to a decent interface and control over such objects. However...

Insert -> Channels -> Fibonacci
Place 2 of the points similar to a trendline. It will autoplace the 3rd point.
Move the 3rd point to make the channel width whatever you desire.

At least the first time you use this object, and then any time you want to change the numbers, you must:
Edit the Fibo Channel properties, then under "Fibo Levels", enter a bunch of levels like -5, -4, -3, -2, -1, 0, 1, 2, 3, 4, 5 ...
About this list: -1 : optional because it's mostly there, but only forward in time from the pt1 to pt2 (and beyond if Ray is on).
0 ; completely optional because it's there, but if specified as a level, the line will match the color of the other lines.
Choose the Color of all these lines under the "Fibo Levels" tab.

In the Parameters tab, turn the Ray property on/off to see what it does. (The change takes effect after "Ok").
  • #5,666
  • Aug 26, 2013 10:44pm Aug 26, 2013 10:44pm
Quoting forexpiet
{quote} Thanks for showing the charts Eaglestar. Is there a way to draw parallel lines in MT4. I could not find it, though I would think it must be there.
Here are some more updates

I threw in a couple daily charts for fun

Will clean up a bit for tomorrow. If anyone has any video ideas let me know.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,667
  • Aug 26, 2013 11:49pm Aug 26, 2013 11:49pm
I know I'll probably get abused for posting this (I usually do) but in case anyone is interested there is a Pitchfork webinar today .....

http://www.coghlancapital.com/node/6530
  • #5,668
  • Aug 27, 2013 12:35am Aug 27, 2013 12:35am
Quoting cg uno
I know I'll probably get abused for posting this (I usually do) but in case anyone is interested there is a Pitchfork webinar today ..... http://www.coghlancapital.com/node/6530
Hi there thanks for the link. I am just curious do you work for Paul (based on your screenshots) ore are you Paul? If so thanks for dropping by. I hope you are doing well.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,669
  • Aug 27, 2013 12:38am Aug 27, 2013 12:38am
No - I am merely a subscriber to the service and regard it very highly.

I tried Morge but found that the style at CC suited me better

All the best
  • #5,670
  • Aug 27, 2013 8:36am Aug 27, 2013 8:36am
Quoting cg uno
I know I'll probably get abused for posting this (I usually do) but in case anyone is interested there is a Pitchfork webinar today ..... http://www.coghlancapital.com/node/6530
Ignore the naysayers. I enjoy watching these FREE videos whenever Paul posts them, but I don't usually notice when he does so, so your reminder is helpful to me. I don't subscribe, and don't plan to, but he explains himself well, and if certainly can expand one's knowledge of pitchforks, especially with regard to his extensive use of sliding parallels. As I prefer to watch only the main pitchfork lines, it pushes me to see if I'm missing out on something.

The normal way to find the archive of his public talks is to go to: http://www.coghlancapital.com/calendar-public and then search the web page for the word "public" (Cntl-F in most browsers brings up "Find", then type "public" and search for it).
  • #5,671
  • Aug 27, 2013 8:57am Aug 27, 2013 8:57am
Quoting eaglestar
{quote} .......If anyone has any video ideas let me know. .....
You know these: http://www.marketgeometry.com/index....028&Itemid=148 ?
Posting Demo charts, mirroring some of them live.
  • #5,672
  • Aug 27, 2013 10:14am Aug 27, 2013 10:14am
My first PF on 4H EurUSD:
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Is it a valid one?
I find it hard to decide on how much history to use. Also I was looking for a way to explore the possible ending of the up move.
Posting Demo charts, mirroring some of them live.
  • #5,673
  • Edited 9:43pm Aug 27, 2013 9:32pm | Edited 9:43pm
Quoting forexpiet
My first PF on 4H EurUSD: {image} Is it a valid one? I find it hard to decide on how much history to use. Also I was looking for a way to explore the possible ending of the up move.
Looks very good to me forexpiet. I am going to mark a chart up so that may help you.

Train your eyes to look at the Highs and Lows and Pivots. Learn how to spot the Major Swings, and then you can see more clearly. I would also recommend zooming out 1 bit on your metatrader because it looks like you are zoomed in a bit. I will share also my indicators and main template with alert so it may help you to see a bit more clearly. You can add q-spread on to see the spread also. I use it from time to time esp on cross pairs.
Attached Image(s) (click to enlarge)
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Attached File(s)
File Type: tpl basicgreenalert.tpl   3 KB | 405 downloads
File Type: zip indicators.zip   16 KB | 741 downloads
File Type: tpl eurexample.tpl   11 KB | 370 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,674
  • Aug 28, 2013 8:09am Aug 28, 2013 8:09am
Quoting eaglestar
{quote} Looks very good to me forexpiet. I am going to mark a chart up so that may help you. Train your eyes to look at the Highs and Lows and Pivots. Learn how to spot the Major Swings, and then you can see more clearly. I would also recommend zooming out 1 bit on your metatrader because it looks like you are zoomed in a bit. I will share also my indicators and main template with alert so it may help you to see a bit more clearly. You can add q-spread on to see the spread also. I use it from time to time esp on cross pairs. {image} {image} {file}...
Thank you Eaglestar.
Later I drew the larger fork like you have also.
Would you not be looking for a trade (short) on the Energy Point of the Blue and Yellow fork?
Posting Demo charts, mirroring some of them live.
  • #5,675
  • Edited 6:35pm Aug 28, 2013 5:49pm | Edited 6:35pm
Quoting forexpiet
{quote} Thank you Eaglestar. Later I drew the larger fork like you have also. Would you not be looking for a trade (short) on the Energy Point of the Blue and Yellow fork?
Quoting forexpiet
{quote} Thank you Eaglestar. Later I drew the larger fork like you have also. Would you not be looking for a trade (short) on the Energy Point of the Blue and Yellow fork?
Sometimes price touches exactly. Other times it is a convergence of time. I have had experience with Cycle Lines in the past and can tell you that when two forks cross at an energy point price usually moves. Sometimes it is not at the exact area of price but it is the area of TIME. I have attached a couple of screenshots to show you what I am talking about.

I am also including a relevant article from the www.medianline.com/articles section
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Attached File(s)
File Type: pdf Finding Good Vibrations.pdf   1.2 MB | 1,675 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,676
  • Aug 28, 2013 11:24pm Aug 28, 2013 11:24pm
this is the link to the webinar i previously mentioned

http://www.coghlancapital.com/node/6670
  • #5,677
  • Aug 29, 2013 5:08am Aug 29, 2013 5:08am
hi eaglestar
thanks for sharing information
and me cheack http://www.medianline.com/articles
and can not download action reaction line pdf file .
the message server error
please download the file and upload this file on other host example forexfactory .com or mediafire.com and more...

thanks
randolf.
  • #5,678
  • Aug 29, 2013 8:48am Aug 29, 2013 8:48am
Quoting randolf
hi eaglestar thanks for sharing information and me cheack http://www.medianline.com/articles and can not download action reaction line pdf file . the message server error please download the file and upload this file on other host example forexfactory .com or mediafire.com and more... thanks randolf.
I think this is the one that you are looking for correct? Sometimes if you download with Firefox it doesn't work. I had to download all of them with Chrome

Glad to help
Attached File(s)
File Type: pdf Action Reaction Course.pdf   4.7 MB | 3,062 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,679
  • Aug 29, 2013 9:08am Aug 29, 2013 9:08am
Quoting forexpiet
{quote} Thank you Eaglestar. Later I drew the larger fork like you have also. Would you not be looking for a trade (short) on the Energy Point of the Blue and Yellow fork?
You have good eyes Forexpiet for forks. I would say that you could have taken a short there at the top of the median line but the higher probability trades come when major swings are broken and you are trading in the direction of the new trend. We are in the process of a trend change on EU but it may continue higher that is why I advised on the chart to wait for the major swing to be broken before taking a short position.

I am posting a chart maybe this will help also. I would have a higher probability short at the red arrow coming up, but there are possibilities that it may reverse at gold median line. Personally I don't want to get into this one. If you feel confident in taking the median line short before it is fine because price action was telling you it was going down, but it could have broken to the upside as well. Sometimes price will go to the opposing median line and resume the major trend as shown in the second chart. It is a good chance to get enter if you think price will continue in trend. I hope this helps.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,680
  • Aug 29, 2013 9:16am Aug 29, 2013 9:16am
I spotted the same thing with the energy points on the second chart as what I had mentioned earlier. Perhaps you can see the same thing I notice.
Attached Image (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
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