Andrews Pitchfork (Median Line)

Fwiw, similar to the median line, the center lines of geometric patterns often come into play. Larger wedge possibly in play, if price travels north from here watch the wedge center, specifically in conjunction around the 61.8 retracement of this drop later this week. Could be a nice shorting opportunity.

Sorry to take this long for a reply the technique was developed by adrews ive checked many old charts and found yes in patrick mikunis fork techniques, now the reason alternate pivot is for personal preference in narrowing the main to fit price in the reversed up green fork you will notice that price seem to exhibit the same rule set on the main fork when we break the narrow green then i just draw in my medians One of Andrews favorite techniques was to reverse the forks this removes general clutter from my charts the key is at bottom side when price shifts hard to the right climbs to the upper then starts its shift again enjoy safe trades all Regards Splithand {}
With all due respect, it's hard for me to figure out from your chart what you are trying to say. None of the pivots you use are what I would consider -- just in my personal opinion -- to be legitimate fork pivots. I circled some on the chart. Why wouldn't you just snap them to the pivot highs/lows?

You may well be using the pitchfork object as a loose double channel tool, and that's fine if you want. But I've never seen any charts of Andrews that put pivots anywhere but on major highs/lows (I think Open/Close prices might also be legitimate too. Pt1 (or A) might be the only exception; see below).

With respect to reversing a fork, if one has drawn a legitimate fork with points 1,2 and 3 (or A B C if you prefer), then one could "flip" the direction by moving pt1 to some future pivot. However, since MT4 doesn't show the lines backwards from pt2 and pt3, a better manual technique would be to just grab pt1 and shift it slightly so that the ML (or another major line) intercepts the future pivot you have observed, that you intend to flip the fork to. Just another IVken observation good luck and thank you all for your many insights did not think it a point of interest the operative word i must admit here is constructive insights ty
Regards Split

In common fork terminology, this would be called an APO fork, where APO is "Alternate Point of Origin".
Attached Image (click to enlarge)e steep ascent by shifting to the right hard at each level till price closes in to the break down side and thus setup the median top side

Are there any bullish pitchforks or median lines that can be drawn on usd/jpy daily charts?

Thanks.

Would this be the correct way of drawing the red action/ reaction lines?

big pipin,

In theory, yes. But A/R lines have an art to them. The kind of art a skilled craftsman has with the tools in his hand or a musician has with his instrument.

So they are correct? May I see your analysis?

big pipin,

I am not sure what you are asking for...analysis of what? If you are asking about a/r lines, my analysis is they are useful, but no more useful than median lines. It is my understanding that D. Andrews began his work using only what we cal a/r lines from his discussions with Babson. It was only later did the median line as we know it come to be.

A/R lines are not an easy animal to master. Most traders what the magic elixir for the perfect technique or set up, but trading goes well beyond. There is an understanding and context that goes with every tool. You would not use a screwdriver to set a nail, would you? Or a hammer to cut lumber...

A/R lines in the hands of the right person are elegant and truly a work of art. In the wrong hands they are disastrous. If and when you master median lines, A/R lines will come. They are one in the same, it is their nature. If you don't see it, think about this, a median line set as we draw them has a median line and two parallels...an A/R set has a center line and action, reaction lines...

I was asking to see your chart analysis of the eur/usd on a daily.

I'm not going to get better if I don't get help from more experienced traders.

big pipin,

I don't think you understand the process of "getting better." It involves you doing work...alot of work. Why don't you post your analysis either here or start a journal and invite people to critique your work? In the long run, you will be much better off. If you don't want to do the work, join a signal service.

Action- reaction Aud / Jpy 1hr chart.

What do you guys think?

well so much for AJ following the "probable path" of price.

big pipin,

Perhaps you should take a look at the rules Dr. Andrews wrote. The median line gives a probable path of price. Price is moving toward the median line. Your a/r lines are technically drawn correctly, but that does not mean you should blindly trade using them. Context is important and you have not shown you understand the structure of this market.

help me understand..show me the right structure.

I took the second retest of the down slopping line. Why was that short not a good trade?

u/j 4hr AR lines.

input? How would you guys trade this?

Here is the weekly too.

aj weekly

A simple clean 4 hr chart of aud/jpy, which direction is this market heading?

I want to say sideways.