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Andrews Pitchfork (Median Line)

  • #5,841
  • Edited 3:43pm Sep 22, 2013 3:04pm | Edited 3:43pm
Quoting kapital
If the probability of price reaching the median line of a pitchfork is 80%, is it safe to say that the probability of price reaching the quartile of a pitchfork is even higher?

obviously - think about it ..... you are asking whether if something reaches half way, will it reach a quarter of the way more often ......

but it's a crappy "statistic" anyway as the 80% depends on how well the fork is drawn in the first place - too many variables to base anything on, imho
  • #5,842
  • Sep 23, 2013 12:13am Sep 23, 2013 12:13am
Quoting cg uno
{quote}but it's a crappy "statistic" anyway as the 80% depends on how well the fork is drawn in the first place - too many variables to base anything on, imho

In other words...overrated?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,843
  • Sep 23, 2013 2:04am Sep 23, 2013 2:04am
Quoting kapital
{quote} In other words...overrated?

that would imho be an accurate definition of "crappy statistic"
  • #5,844
  • Sep 23, 2013 2:57am Sep 23, 2013 2:57am
GOLD DAILY
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  • #5,845
  • Sep 24, 2013 2:33am Sep 24, 2013 2:33am
Some Updates from last 4h posts. Train your eyes to see. I had a chat with a fellow trader asking advice. Train your eyes and practice drawing and learning how to draw correct forks.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,846
  • Sep 24, 2013 3:33am Sep 24, 2013 3:33am
Short position in NZDUSD ( tweeted this morning)
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  • #5,847
  • Sep 27, 2013 6:24pm Sep 27, 2013 6:24pm
This is what exhaustion looks like folks:
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,848
  • Sep 27, 2013 10:50pm Sep 27, 2013 10:50pm
Quoting kapital
This is what exhaustion looks like folks: {image}
That is nice. I went with this one bro.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,849
  • Sep 30, 2013 3:42pm Sep 30, 2013 3:42pm
We have here in the making a triple-triple or a breakout to the upside:
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,850
  • Oct 1, 2013 8:27am Oct 1, 2013 8:27am
15m Charts
Some of the white lines are for alerts.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,851
  • Oct 4, 2013 10:48pm Oct 4, 2013 10:48pm
20 minut charts

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  • #5,852
  • Oct 5, 2013 9:38pm Oct 5, 2013 9:38pm
...
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,853
  • Oct 6, 2013 12:22am Oct 6, 2013 12:22am
The ideal pitchfork is one where resonance is found as well as for the modified schiff.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,854
  • Oct 6, 2013 12:52pm Oct 6, 2013 12:52pm
Quoting kapital
The ideal pitchfork is one where resonance is found as well as for the modified schiff. {image}

Nice, chart..... I anchored the Schiff's/Channel's corresponding fork to the closest time point along the upper line.... here the over shoot of the median is matched with the sliding parallel on the current reject. The question to answer.... which is in control over the larger time frame the Bear set or the Bull (magenta, last three swing points), which reaching the median would show as a retest of the broken up trendline and previously untested broken support?
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  • #5,855
  • Oct 8, 2013 7:38am Oct 8, 2013 7:38am
Some 4h chart updates
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,856
  • Oct 8, 2013 7:48am Oct 8, 2013 7:48am
15m Chart updates
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #5,857
  • Oct 9, 2013 5:42am Oct 9, 2013 5:42am
A word from one of our forefathers:

Roger W. Babson says We've Turned the Corner on the Depression in 1931
Inserted Video
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #5,858
  • Edited 9:28am Oct 9, 2013 9:15am | Edited 9:28am
Decided to start posting my daily chart and thingking.
Still am a consistent loser... learning and growing everyday

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  • #5,859
  • Oct 9, 2013 9:34am Oct 9, 2013 9:34am
Here is a Coghlan Capital webinar from former frequent poster Beeb (with permission).

http://www.coghlancapital.com/node/6981
You can always make money tomorrow provided you don't lose it today.
  • #5,860
  • Edited 7:42pm Oct 9, 2013 7:31pm | Edited 7:42pm
Interesting Chart
Morning Post
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