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Andrews Pitchfork (Median Line)

  • #5,761
  • Sep 5, 2013 9:08am Sep 5, 2013 9:08am
Quoting forexpiet
{quote} Would you please elaborate on entry decisions? This time the ML is acting as support, but the time before it went through, broke again, acted as resistance. We can see that after it happened. But how to use it when then are no bars to the right yet?
Here is a chart. I hope that it can help. I will elaborate more on this later. For me I want price to show me what it is doing and where it wants to go. If I notice that price is stalling and making footprints on a line then I consider an entry. For me the best trades I get are when I see price making footprints or dancing on a line and give me a good entry. Others say simply finding support or finding resistance but I think my metaphor is a bit more clear. I will show another example.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,762
  • Sep 5, 2013 10:31am Sep 5, 2013 10:31am
I have a question for both Eaglestar and Kapital. I have always admired your works and offerings, so thank you both. My question is this: When charting pitchforks along the lines of Schiff or even Modified Schiff, have you ever expanded on the methodology by plotting forks throughout the scale of the Fib Retracement trend line? Meaning adding pitchforks on the common Fib ratios of .236, .382, .618, .764 in addition to he normally used .50??? Eaglestar, with your vast knowledge within forks and especially Kapital's experimental endeavors I couldn't help but wonder if either of you could offer some input.

Thanks,

sjc
  • #5,763
  • Sep 5, 2013 12:41pm Sep 5, 2013 12:41pm
Quoting Davit
{quote} Hi Kapital and others I like your chart with inside dotted lines.My regular mt4 does not have that feature. Could you share your indi if applicable to metatrader4? Thank you

I use charts provided by tradingview.com. You have the option of having the lines included.

I never got around to using Metatrader charts.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,764
  • Sep 5, 2013 12:54pm Sep 5, 2013 12:54pm
Quoting Coondawg71
I have a question for both Eaglestar and Kapital. I have always admired your works and offerings, so thank you both. My question is this: When charting pitchforks along the lines of Schiff or even Modified Schiff, have you ever expanded on the methodology by plotting forks throughout the scale of the Fib Retracement trend line? Meaning adding pitchforks on the common Fib ratios of .236, .382, .618, .764 in addition to he normally used .50??? Eaglestar, with your vast knowledge within forks and especially Kapital's experimental endeavors I couldn't...

Is this what you are referring to?

If so, then yes I have...although it's been some years. At that time, I found other methods to my liking so I didn't spend much time exploring this one. However, these charts are inspiring me to re-visit it.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,765
  • Sep 5, 2013 1:14pm Sep 5, 2013 1:14pm
Did Dr. Alan Andrews mention other "statistical" probabilities about the pitchfork other than "price reaching the median line 80% of the time"?

I'm interested in statements giving a measured number....not in just what possibly could happen.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,766
  • Sep 5, 2013 1:37pm Sep 5, 2013 1:37pm
Using he front pivot from above:
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,767
  • Sep 5, 2013 1:44pm Sep 5, 2013 1:44pm
See! I knew at least Kap may have ventured down that path. I just am not well versed in forks to know any better, but if plotting a Schiff and Mod Schiff prove useful than the other ratios obviously have relevance as well. The interesting thing I see taking place are the large time frame triangles formed when you do bring in the other ratios of Support and Resistance. Makes the price action visually easier to understand.

Thanks Kap!

sjc
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  • #5,768
  • Sep 5, 2013 2:08pm Sep 5, 2013 2:08pm
gbpjpy
white daily
blue h4
orange h1

analayze ?
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  • #5,769
  • Sep 5, 2013 3:25pm Sep 5, 2013 3:25pm
Quoting Coondawg71
See! I knew at least Kap may have ventured down that path. I just am not well versed in forks to know any better, but if plotting a Schiff and Mod Schiff prove useful than the other ratios obviously have relevance as well. The interesting thing I see taking place are the large time frame triangles formed when you do bring in the other ratios of Support and Resistance. Makes the price action visually easier to understand. Thanks Kap! sjc {image}
I have not used fib numbers for plotting the A point but I have used them to see where price MAY bounce on a C point to create a new fork. Also many times after a new C is formed there is reaction on the next lower fib level. For example if price is at 61.8% and makes a new hi/low then price may often give you another chance to enter where the fork and 50% would be. The fib may also show where price MAY end in regards to a fib ABCD extension pattern say at the 127 or 138% extension. My advice is to keep practicing. I have taken most distractions off my charts so that I can see only forks and master them before I get more confused if a fib which is price based lines up. Thank you for your compliment but I am just on my journey as all of you are. I share here to help others see. Here is a recent UJ chart to show what I mean.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,770
  • Sep 5, 2013 9:48pm Sep 5, 2013 9:48pm
Thanks for the feedback gentlemen, it is appreciated!

thanks,

sjc
  • #5,771
  • Sep 5, 2013 10:18pm Sep 5, 2013 10:18pm
I wonder if action-reaction lines and pitchforks could help in determining the momentum and outcome of tonight's NFL game when applied to this awesome graphing analysis:

http://live.advancednflstats.com/ind...id1=2013090500

The graph remains after the game is over so back-testing is possible.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,772
  • Edited Sep 6, 2013 7:00am Sep 5, 2013 11:53pm | Edited Sep 6, 2013 7:00am
Quoting kapital
I wonder if action-reaction lines and pitchforks could help in determining the momentum and outcome of tonight's NFL game when applied to this awesome graphing analysis: http://live.advancednflstats.com/ind...id1=2013090500 The graph remains after the game is over so back-testing is possible.
What about this? What do you think?
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,773
  • Sep 5, 2013 11:57pm Sep 5, 2013 11:57pm
Quoting c49
Hi Guys Long time since I posted something on FF , but I like forks and babson channels . Monthly USDCAD is showing a HL although not confirmed yet , but it looks like the market wants to go higher and that the green fork is in charge , but weekly chart still more like downpressured , but looks like a possible turnaround. The 4hr has a nice uptrending fork ( likely the same fork as more people are showing here) and I see a possible fractal on the daily. So all in all I dont want to short the loonie. BTW I am long. Hope to contribute something to...
Thank you for your nice charts. Feel free to keep posting and sharing your ideas. Welcome
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,774
  • Sep 5, 2013 11:59pm Sep 5, 2013 11:59pm
Quoting trexy123
hi how do you confirm reversal? and trend?
Can you please explain your question in depth and also quote which post you are referring to?
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,775
  • Sep 6, 2013 9:51am Sep 6, 2013 9:51am
Quoting eaglestar
{quote} What about this? What do you think?

AWESOME DUDE!

What did you use to draw the forks?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,776
  • Sep 6, 2013 10:21am Sep 6, 2013 10:21am
Quoting eaglestar
{quote} Can you please explain your question in depth and also quote which post you are referring to?
hi just wanted to know how to identify trend so that i can trade along with it?

Do you have an example?
  • #5,777
  • Sep 6, 2013 11:20am Sep 6, 2013 11:20am
Quoting trexy123
{quote} hi just wanted to know how to identify trend so that i can trade along with it? Do you have an example?
Recent EurUsd example Does this help?

HH Higher High
HL Higher Low

Train your eyes to spot pivots or mountain peaks and valleys. The smaller mountain peaks are important as they show if the trend is strong, weak, or failing. The mountain valleys give you a chance to enter in a long trend if you can spot an area with a small stop.
Attached Image (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,778
  • Sep 6, 2013 11:23am Sep 6, 2013 11:23am
Quoting kapital
{quote} AWESOME DUDE! What did you use to draw the forks?
I drew them freehand with paintbrush. Yeah I thought it was cool too
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,779
  • Sep 6, 2013 2:46pm Sep 6, 2013 2:46pm
Update of UJ chart:
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,780
  • Sep 6, 2013 2:51pm Sep 6, 2013 2:51pm
Update of UC chart:
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
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