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Andrews Pitchfork (Median Line)

  • #5,781
  • Sep 6, 2013 3:12pm Sep 6, 2013 3:12pm
Quoting eaglestar
{quote} What about this? What do you think? {image} {image}

Vegas odd makers better watch out.
  • #5,782
  • Sep 6, 2013 5:41pm Sep 6, 2013 5:41pm
From Dr. Alan Andrews near the beginning of his Original Course:

"You will find enclosed the first study of the Course concerning the ML (median line) Method. This enables you to know where the trend of anything that fluctuates at random is headed."
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,783
  • Sep 9, 2013 11:45am Sep 9, 2013 11:45am
cable 240 min
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  • #5,784
  • Sep 9, 2013 6:10pm Sep 9, 2013 6:10pm
Eagle and others
I am still learning Forks so I could use some feedback if my points are correct on GU.Feel free to critic pro/con.
Brown is main daily and green potential reversal fork.
2nd is close up on daily
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In trading, you have to be defensive and aggressive at the same time
  • #5,785
  • Edited 1:38am Sep 10, 2013 12:54am | Edited 1:38am
Davit - your chart appears to me to be really "crammed" and you should perhaps consider the timeframe that you are using.... it kinda looks as though you are trying to get the fork to fit rather than allowing it to define the trend ....

eg my 240 min chart in the post above yours is also GBPUSD but is a mod schiff from the same A that you use. to me it gives far more info in the upfork than yours does.

you might get a better perspective taking your A from the march low on the daily - just a thought.

another point - it may be too early to draw a downfork as there is no reason/evidence that a C point has yet been established.

edit - i'm far less "mechanistic" than some in that i am constantly looking to define the path of price and as am happy to trade off a sliding parallel as a median line.
  • #5,786
  • Edited 1:21am Sep 10, 2013 1:03am | Edited 1:21am
Quoting Davit
Eagle and others I am still learning Forks so I could use some feedback if my points are correct on GU.Feel free to critic pro/con. Brown is main daily and green potential reversal fork. 2nd is close up on daily {image} {image}
GBPUSD
For Forks Davit you have to use the 3 consecutive pivots that are at the extremes. For double or triple tops or bottoms you use the bar most to the left as that is where the energy was first created. I will post some forks so you can see correct pivots.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,787
  • Sep 10, 2013 4:22am Sep 10, 2013 4:22am
GU provided a nice easy one.

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  • #5,788
  • Sep 10, 2013 7:47am Sep 10, 2013 7:47am
Quoting xologeis
GU provided a nice easy one. {image}
nice one - but more than one if you look at my post 5783 above...
  • #5,789
  • Sep 10, 2013 8:18am Sep 10, 2013 8:18am
Quoting cg uno
{quote} nice one - but more than one if you look at my post 5783 above...
Heheh, yes I showed one entry to keep things simple, the point being GU is giving many simple clean entries
without anyone having to bend themselves into figure eights trying to make things fit.
  • #5,790
  • Sep 10, 2013 8:23am Sep 10, 2013 8:23am
Quoting xologeis
{quote} Heheh, yes I showed one entry to keep things simple, the point being GU is giving many simple clean entries without anyone having to bend themselves into figure eights trying to make things fit.
good point....
  • #5,791
  • Sep 10, 2013 12:47pm Sep 10, 2013 12:47pm
USDCAD
Looking at this area for possible zoom retest short or reversal.

EURUSD
Looking for possible continuation of downward trend or break of fork

USDCHF
Still following the fork frequency after retrace

AUDUSD
Drew an AR set (I don't usually draw this however)

UJ
Falling back into upfork
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,792
  • Sep 10, 2013 12:54pm Sep 10, 2013 12:54pm
Quoting eaglestar
{quote} GBPUSD For Forks Davit you have to use the 3 consecutive pivots that are at the extremes. For double or triple tops or bottoms you use the bar most to the left as that is where the energy was first created. I will post some forks so you can see correct pivots. {image} {image} {image} {image} {image}
Thanks Eaglestar.
I see my error.I was under impression A LL B HH C HL
But you are saying furthest left bars which on GU C is not the lower H point.I am slightly confused.I apologize I will study further before I ask more questions.

http://www.forexfactory.com/attachme...6&d=1378792520
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In trading, you have to be defensive and aggressive at the same time
  • #5,793
  • Sep 10, 2013 1:06pm Sep 10, 2013 1:06pm
Quoting Davit
{quote} Thanks Eaglestar. I see my error.I was under impression A HH B LL C HL But you are saying furthest left bars which on GU B is not the lowest point.I am slightly confused.I apologize I will study further before I ask more questions.
Of course. also it is very important to find frequency when price reacts. The fork examples others provided were modified schiff but i am not sure if you understand those completely. Have you checked out these webinars?

http://www.marketgeometry.com/index.php?option=com_content&view=article&id=2028&Itemid=148

This one is essentially an introduction to the median line
THE FIVE KEY PRINCIPLES BEHIND THE ANDREWS MEDIAN LINE
https://interactivebrokers.webex.com...c5bbf95cc458f5
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,794
  • Sep 10, 2013 1:13pm Sep 10, 2013 1:13pm
Quoting eaglestar
{quote} Of course. also it is very important to find frequency when price reacts. The fork examples others provided were modified schiff but i am not sure if you understand those completely. Have you checked out these webinars? http://www.marketgeometry.com/index.php?option=com_content&view=article&id=2028&Itemid=148 This one is essentially an...

Thanks Eagle.I have lot to catch up.So far my understanding of modified Shief is to take BC and divide in half and then take B from 50 line of BC.
Anyway is my GU daily chart correct now
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In trading, you have to be defensive and aggressive at the same time
  • #5,795
  • Sep 10, 2013 1:32pm Sep 10, 2013 1:32pm
On weekly same fork looks right the one I posted earlier with C being in 1.47 area.
Just by looking it looks like price has "danced around median line.
Weekly 1st chart
same chart on daily
2nd
3rd chart is C at 1.50 area and looks wrong to me.

But you are saying my C is incorrect and it should be 1.50 low.When I change to C to 1.50 then it looks wrong.Price does not do anything with median line.
Could be my student eyes but it just looks off.
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In trading, you have to be defensive and aggressive at the same time
  • #5,796
  • Sep 10, 2013 2:10pm Sep 10, 2013 2:10pm
Quoting Davit
{quote} Thanks Eagle.I have lot to catch up.So far my understanding of modified Shief is to take BC and divide in half and then take B from 50 line of BC. Anyway is my GU daily chart correct now {image}
change your b point to the left as i have down. when price breaks the fork you can draw a warning line or you can draw a new fork. I will draw some charts on GU daily for you.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,797
  • Sep 10, 2013 2:34pm Sep 10, 2013 2:34pm
Quoting Davit
On weekly same fork looks right the one I posted earlier with C being in 1.47 area. Just by looking it looks like price has "danced around median line. Weekly 1st chart same chart on daily 2nd 3rd chart is C at 1.50 area and looks wrong to me. But you are saying my C is incorrect and it should be 1.50 low.When I change to C to 1.50 then it looks wrong.Price does not do anything with median line. Could be my student eyes but it just looks off. {image} {image} {image}
Here are some charts from the past. You can label the P's ABC also but have left that out to save time. I didn't add arrows for entries, but use your immagination to see that there are soooo many entries on the median lines.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,798
  • Sep 10, 2013 2:42pm Sep 10, 2013 2:42pm
Quoting eaglestar
{quote} Here are some charts from the past. You can label the P's ABC also but have left that out to save time. {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Some more
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,799
  • Sep 11, 2013 9:48pm Sep 11, 2013 9:48pm
did i draw this correctly?
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  • #5,800
  • Sep 12, 2013 1:59am Sep 12, 2013 1:59am
Quoting trexy123
did i draw this correctly? {image}

Trexy
I think and I am almost certain Forks should be drawn closest to original "energy" origin of the trend
In your case your fork B and C points should be way back top left.
I am still learning as well.
In trading, you have to be defensive and aggressive at the same time
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