Andrews Pitchfork (Median Line) | Page 287 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Better Andrews Pitchfork and MT4 15 replies

Andrews Pitchfork 120 replies

Andrews Pitchfork video 22 replies

median line Bollinger band cross 3 replies

Attachments: Andrews Pitchfork (Median Line)
Exit Attachments

Andrews Pitchfork (Median Line)

  • #5,721
  • Sep 1, 2013 10:06am Sep 1, 2013 10:06am
Quoting Davit
{quote} Its not a generalization but fact.Both can be weak but one is weaker GU at current 5495 EU at current 3218 EG -Clear Pound dominance over Euro {image}

Sorry but I don't know how to say this more clearly. It is a generalisation to suggest that if the dollar is strengthening then the euro will also be weakening against the pound. What may or may not be happening now was not what you mentioned.
You could easily have a situation where the euro is weakening against the dollar but strengthening against the pound...
  • #5,722
  • Sep 1, 2013 10:07am Sep 1, 2013 10:07am
Quoting JeremyWS
{quote} I do like minors, but what makes you think the moves are double the moves in majors?

In its basic form its a fact that minors travel more then majors in general.That could be 20-100% more depending lot of things.
You can see it yourself on simple ADR of 20day average for example
GU UC majors vs GC

Left GU/Right UC
bottom GC
Attached Images
In trading, you have to be defensive and aggressive at the same time
  • #5,723
  • Sep 1, 2013 10:17am Sep 1, 2013 10:17am
Quoting cg uno
{quote} Sorry but I don't know how to say this more clearly. It is a generalisation to suggest that if the dollar is strengthening then the euro will also be weakening against the pound. What may or may not be happening now was not what you mentioned. You could easily have a situation where the euro is weakening against the dollar but strengthening against the pound...
In your last scenario pound must be lower then Euro vs USD in order for Euro to gain on pound.

You are trapped in semantics.My previous post was very precise supported by facts!Not generalization but evidence what charts and prices are at this moment.
You can dismiss all I have written if you know better.I only try to help
In trading, you have to be defensive and aggressive at the same time
  • #5,724
  • Sep 1, 2013 10:36am Sep 1, 2013 10:36am
Quoting Davit
{quote} In its basic form its a fact that minors travel more then majors in general.That could be 20-100% more depending lot of things. You can see it yourself on simple ADR of 20day average for example GU UC majors vs GC Left GU/Right UC bottom GC {image} {image} {image}
You must see your mistake here... it is so obvious...
  • #5,725
  • Sep 1, 2013 10:39am Sep 1, 2013 10:39am
Quoting JeremyWS
{quote} You must see your mistake here... it is so obvious...

Please elaborate
In trading, you have to be defensive and aggressive at the same time
  • #5,726
  • Sep 1, 2013 10:46am Sep 1, 2013 10:46am
Quoting Davit
{quote} Please elaborate
Here is a look at daily changes in GBPUSD, USDCAD and GBPCAD (from top to bottom)

standard linear rergessions included and are as follows

GBPUSD +0.698, -0.671
USDCAD, +0.729, -0.718
GBPCAD, +0.673, -0.635

This is over the period Q3 2008 to now. One cannot. Ever. Use ATR as a measure.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP and Cad.png Size: 207 KB
  • #5,727
  • Sep 1, 2013 10:48am Sep 1, 2013 10:48am
Quoting Davit
{quote} Please elaborate
I realize that may have sounded a tad rude, sorry. That was not my intent.

it is just pretty simple Maths to show how crosses don't move more than majors etc.
  • #5,728
  • Sep 1, 2013 10:58am Sep 1, 2013 10:58am
Quoting Davit
{quote} In your last scenario pound must be lower then Euro vs USD in order for Euro to gain on pound. You are trapped in semantics.My previous post was very precise supported by facts!Not generalization but evidence what charts and prices are at this moment. You can dismiss all I have written if you know better.I only try to help

absolutely not - you postulated that if the dollar is strengthening then the euro will also be weakening against the pound. I pointed out gently that this is not necessarily the case. if you don't understand why then i would respectfully suggest that you have some fundamental misunderstandings about forex.

your earlier misuse of the word "cable" would also point to that conclusion

i'm not trying to call you out - just suggesting that a bit more work is needed
  • #5,729
  • Sep 1, 2013 10:58am Sep 1, 2013 10:58am
Quoting JeremyWS
{quote} I realize that may have sounded a tad rude, sorry. That was not my intent. it is just pretty simple Maths to show how crosses don't move more than majors etc.

No offense taken.I trade weekly chart and I pay attention to weekly ATR and my view is based on that.
I have been consistently shorted EC, EN and GC and all my cases respectful majors were far less traveled specially in respect to UC.
Since I don't hold trades for years my only evidence is based my experience of trading weekly charts.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #5,730
  • Sep 1, 2013 11:23am Sep 1, 2013 11:23am
Quoting cg uno
{quote} absolutely not - you postulated that if the dollar is strengthening then the euro will also be weakening against the pound. I pointed out gently that this is not necessarily the case. if you don't understand why then i would respectfully suggest that you have some fundamental misunderstandings about forex. your earlier misuse of the word "cable" would also point to that conclusion i'm not trying to call you out - just suggesting that a bit more work is needed

Copying my post again since it seems you are having difficulty grasping its essence.

"
Its not a generalization but fact.Both can be weak but one is weaker
GU at current 5495
EU at current 3218


EG -Clear Pound dominance over Euro"

Yes I did refer Cable as pound by mistake case of not having morning coffee yet however your rude comments about my Forex understanding is uncalled for.
This is not about YOU! This is not about "I must win an argument" petty ordinary forum crap.
I know my account results speak for itself and I don't need a pesky rookie with less then 200posts telling what I should study.
I am done here.
In trading, you have to be defensive and aggressive at the same time
  • #5,731
  • Sep 1, 2013 11:58am Sep 1, 2013 11:58am
Quoting Davit
{quote} Copying my post again since it seems you are having difficulty grasping its essence. " Its not a generalization but fact.Both can be weak but one is weaker GU at current 5495 EU at current 3218 EG -Clear Pound dominance over Euro" Yes I did refer Cable as pound by mistake case of not having morning coffee yet however your rude comments about my Forex understanding is uncalled for. This is not about YOU! This is not about "I must win an argument" petty ordinary forum crap. I know my account results speak for itself and I don't need a...

oh for goodness sake davit.....

you made some fundamental errors about foreign exchange to both JeremyWS and to me either through misconception or misunderstanding of the points being made

all i did was politely point out that you were making these errors

i'm delighted that you have such a healthy trading account

the number of posts i have made here is irrelevant to my trading or forex knowledge

end of ......
  • #5,732
  • Sep 2, 2013 9:26am Sep 2, 2013 9:26am
Hello,
Some my thoughts on Aussie
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-d1 20130902.png Size: 53 KB
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4 20130902.png Size: 48 KB
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h1 20130902.png Size: 75 KB
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-m15 20130902.png Size: 66 KB
  • #5,733
  • Sep 2, 2013 2:29pm Sep 2, 2013 2:29pm
Quoting Steliron
Hello, Some my thoughts on Aussie {image}{image}{image}{image}
Nice charts. I think it's good to do a whole series as you did. Here's one more AU,H1 to add, for sure. The Mod.Schiff (magenta) has pretty good resonance (pink circles). The Andrews (black) has some resonance but wouldn't have stood out to me. But the latest upswing was capped at the AN ML, and it's pullback held support at the MS ML, so to me, both are "working".
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-02_1325.png Size: 60 KB
  • #5,734
  • Sep 2, 2013 3:02pm Sep 2, 2013 3:02pm
... And one more. The Andrews pt3 was moved back to the earlier pivot low. On this broker feed, the later low is lowest by -0.5p, but on another broker feed that is an ECN (which I trust more for accuracy of prices), the two lows are exactly the same at 0.88919. Ordinarily, after a pivot low is surpassed by a lower-low, I would typically abandon the old pivot low. However, they're so close, it's worth trying both, and there is resonance with either set.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-02_1353.png Size: 64 KB
  • #5,735
  • Sep 2, 2013 8:10pm Sep 2, 2013 8:10pm
AUD/USD Weekly

fwiw............
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-02-TOS_CHARTS.png Size: 59 KB
  • #5,736
  • Edited 1:40am Sep 3, 2013 1:24am | Edited 1:40am
USDCHF heading higher on break retest continuation

EURUSD continuing lower to bottom pink median line or resistance.

Looking for possible short in EURJPY but will wait for further price action to show weakness.



Davit please continue posting
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-09-03_022026.png Size: 28 KB
Click to Enlarge Name: 2013-09-03_022104.png Size: 25 KB
Click to Enlarge Name: 2013-09-03_022309.png Size: 29 KB
Click to Enlarge Name: 2013-09-03_022326.png Size: 21 KB
Click to Enlarge Name: 2013-09-03_022340.png Size: 22 KB
Click to Enlarge Name: 2013-09-03_022354.png Size: 23 KB
Click to Enlarge Name: 2013-09-03_023850.png Size: 22 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,737
  • Sep 3, 2013 4:50am Sep 3, 2013 4:50am
Quoting eaglestar
USDCHF heading higher on break retest continuation EURUSD continuing lower to bottom pink median line or resistance. Looking for possible short in EURJPY but will wait for further price action to show weakness.
i have the same fork for eurjpy, but following on from what i said last week about scale, prefer it as a 60 min - it just tells me more
Attached Image (click to enlarge)
Click to Enlarge Name: ej60.png Size: 64 KB
  • #5,738
  • Sep 3, 2013 5:49am Sep 3, 2013 5:49am
Hello fellow traders,

thank you for keep posting charts. That helps a lot to get familiar for newbies to the whole idea.

My best wishes, Steve
  • #5,739
  • Sep 3, 2013 10:18am Sep 3, 2013 10:18am
Quoting Davit
{quote} In its basic form its a fact that minors travel more then majors in general.That could be 20-100% more depending lot of things. You can see it yourself on simple ADR of 20day average for example GU UC majors vs GC Left GU/Right UC bottom GC {image} {image} {image}
Sir, will you please give me the indicator that you used to find the ADR? please help me with that, as I am a newbie.
Trying to become a Better Trader.
  • #5,740
  • Sep 3, 2013 10:53am Sep 3, 2013 10:53am
Quoting apu21
{quote} Sir, will you please give me the indicator that you used to find the ADR? please help me with that, as I am a newbie.

I have constant alarm on that indicator and can't be turned off.I have another even better which draws ADR horizontal lines so you see it visually.
Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 432 downloads
In trading, you have to be defensive and aggressive at the same time
3 traders viewing now