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Andrews Pitchfork (Median Line)

  • #5,681
  • Aug 29, 2013 11:53am Aug 29, 2013 11:53am
thanks eaglestar for pdf file and have nice day
  • #5,682
  • Aug 29, 2013 2:07pm Aug 29, 2013 2:07pm
Quoting eaglestar
{quote} 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...
I took a short at the top of the median line. But beware, I am trading with Oanda in units. In this case 10. So I am trading very very light as a means to learn instead of learning by means of demo-ing. I have some other pairs on which I drew forks a few days ago and I am beginning to see the value of them.
Also I read a lot of the articles on medianline and watched som video's. Pfff, so much information. I think I can learn to plan my trades now. Until now it was more like reacting on the movements of the market as they happen. Your charts are very instructive. Thanks for them.
Posting Demo charts, mirroring some of them live.
  • #5,683
  • Aug 29, 2013 2:18pm Aug 29, 2013 2:18pm
Nice battle with the lines:
Attached Image (click to enlarge)
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Posting Demo charts, mirroring some of them live.
  • #5,684
  • Aug 29, 2013 2:22pm Aug 29, 2013 2:22pm
Quoting eaglestar
{quote} 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...

  • #5,685
  • Aug 29, 2013 2:42pm Aug 29, 2013 2:42pm
EurJPY on decision point?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 84 KB
Posting Demo charts, mirroring some of them live.
  • #5,686
  • Edited 4:57pm Aug 29, 2013 4:47pm | Edited 4:57pm
just my view.....


good to all forkers

add: ah, forgot, chart is EU
Attached Image (click to enlarge)
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  • #5,687
  • Edited 5:10pm Aug 29, 2013 4:58pm | Edited 5:10pm
Quoting forexpiet
EurJPY on decision point? {image}
you might want to expand the chart a bit and look at a mod schiff from the feb low and contrast that with the same from the may high

look at the video i posted above in message 5676 at the 11 min 30 sec mark
  • #5,688
  • Aug 30, 2013 12:49am Aug 30, 2013 12:49am
Quoting randolf
thanks eaglestar for pdf file and have nice day
I am glad to help you in any way I can. If I make you guys better traders, it makes me happy
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,689
  • Aug 30, 2013 12:53am Aug 30, 2013 12:53am
Quoting forexpiet
{quote} I took a short at the top of the median line. But beware, I am trading with Oanda in units. In this case 10. So I am trading very very light as a means to learn instead of learning by means of demo-ing. I have some other pairs on which I drew forks a few days ago and I am beginning to see the value of them. Also I read a lot of the articles on medianline and watched som video's. Pfff, so much information. I think I can learn to plan my trades now. Until now it was more like reacting on the movements of the market as they happen. Your charts...
Work slowly and consistently and with focus. Things will fall into place and you will start to become very consistent. I would say that one lesson I have learned is WAIT for the trade. Wait for price to tell you to enter and then use strict money management to exit. There are articles on the median line site about using stops correctly. Read it and internalize it and make sure that you use proper "Surgeon Like" Money management as Tim calls it. it will help you in the long run from trades moving against you. I usually move my stop to BE pretty quickly after price takes off in the direction I want it to go.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,690
  • Aug 30, 2013 1:44am Aug 30, 2013 1:44am
Chart updates with some cleaned up.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,691
  • Edited 2:34am Aug 30, 2013 2:12am | Edited 2:34am
thanks for the charts eaglestar - one thing that stands out to me is that perhaps you could think about looking at a slightly bigger perspective - i appreciate your charts and i hope you don't mind the comment

eg the AUD 240 (shown below) - yours seems slightly "scrunched up" whereas price is obviously in a longer term downtrend and to me this stepping back a bit presents a much clearer picture. there is some evidence of bottoming and you could potentially draw an uptrending fork as i have done with the blue one but there is no guarantee that the c is yet in place.

likewise with the EURJPY 240 you have shown - look at the video i posted above at the 11 1/2 minute mark and imvho you will see that the bigger picture is the more complete one - obviously you could drop down to lower timeframes for tighter trading
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  • #5,692
  • Aug 30, 2013 4:17am Aug 30, 2013 4:17am
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  • #5,693
  • Aug 30, 2013 4:41am Aug 30, 2013 4:41am
hi for all
red picthfork for h4
white pitchfork h1
orange box on the image is target?

price touch the medianline on 80% ok

What do you think?
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  • #5,694
  • Edited 5:02am Aug 30, 2013 4:51am | Edited 5:02am
Quoting randolf
hi for all red picthfork for h4 white pitchfork h1 orange box on the image is target? price touch the medianline on 80% ok What do you think? {image}
with respect randolf - to my eyes it's a bit of a mess. and what vehicle and timeframe is it?

perhaps you need to simplify things a bit and look at the general trend....

you don't have to draw a fork from every pivot, just try to discern the trend and work off that - just a thought.....

hope that helps
  • #5,695
  • Aug 30, 2013 5:14am Aug 30, 2013 5:14am
What is your opinion about Sterling JPY Descending analysis only thought Allen Andrews
Please participate in the discussion of the real power of this technique, we introduce

RANDOLF.
  • #5,696
  • Aug 30, 2013 5:23am Aug 30, 2013 5:23am
Attached Image (click to enlarge)
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  • #5,697
  • Aug 30, 2013 6:45am Aug 30, 2013 6:45am
Quoting pipgame
{image}

i can't work out what your orange fork's A is

for a fork to be valid you need to anchor your A somewhere - otherwise you are just drawing parallel lines
  • #5,698
  • Aug 30, 2013 7:11am Aug 30, 2013 7:11am
Quoting cg uno
{quote} i can't work out what your orange fork's A is for a fork to be valid you need to anchor your A somewhere - otherwise you are just drawing parallel lines
It is modified fork....... 50% fibo from A to B or 50% from last move....


have a nice one
  • #5,699
  • Aug 30, 2013 7:18am Aug 30, 2013 7:18am
Quoting pipgame
{quote} It is modified fork....... 50% fibo from A to B or 50% from last move.... have a nice one
i know about schiffs but i don't know where your A is ......

a schiff moves the origin 50% of the vertical difference between the A and the B = not the case here
a modified schiff does the same plus moves the horizontal 50% of the way too = also not the case here

unless your A is not shown
  • #5,700
  • Aug 30, 2013 7:39am Aug 30, 2013 7:39am
Quoting cg uno
thanks for the charts eaglestar - one thing that stands out to me is that perhaps you could think about looking at a slightly bigger perspective - i appreciate your charts and i hope you don't mind the comment eg the AUD 240 (shown below) - yours seems slightly "scrunched up" whereas price is obviously in a longer term downtrend and to me this stepping back a bit presents a much clearer picture. there is some evidence of bottoming and you could potentially draw an uptrending fork as i have done with the blue one but there is no guarantee that...
It looks pretty to me. Thank you for your input. Tell me where did you take trades on the orange fork. Thank you.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
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