Attachments: Andrews Pitchfork (Median Line)

Andrews Pitchfork (Median Line)

#6,441
Dec 21, 2014 4:47am Dec 21, 2014 4:47am

devontrader
Joined Feb 2013 | Status: Trader | 1,458 Posts

Quoting pip.monkey

Disliked

hi love the thread I have just got the new ZUP 149 up and running and it seems a P F traders dream.. all thanx to NEN the programer and Poruchik for delivery.. I have changed my color setting to tone it down abit {image} {file}

Ignored

i too have zup 149 pip monkeycould you share the setting for pitch fork or post your template? Tjankyou

#6,442
Dec 21, 2014 4:51am Dec 21, 2014 4:51am

devontrader
Joined Feb 2013 | Status: Trader | 1,458 Posts

Quoting longshot_nl

Disliked

I have another pitchfork question i hope i get an answer on. Do these bottom lines work? {image}

Ignored

longshot love your charts ...your lines are so neat and accurate i likr ithow are they done? Indicators? I wanna learn pitchforks and be able to have my charts like yours

#6,443
Dec 21, 2014 9:21am Dec 21, 2014 9:21am

splithand
| Joined Oct 2011 | Status: Forkin Observations | 29 Posts

http://prntscr.com/5jblgz

another slant with a few extra lines

#6,444
Dec 21, 2014 9:49am Dec 21, 2014 9:49am

airmac
| Additional Username | Joined Jun 2014 | 398 Posts

guys I see gold ok?

http://content.screencast.com/users/...4/00003225.png

#6,445
Dec 21, 2014 3:26pm Dec 21, 2014 3:26pm

longshot_nl
Joined Jan 2010 | Status: .... | 3,910 Posts

Quoting devontrader

Disliked

{quote} longshot love your charts ...your lines are so neat and accurate i likr ithow are they done? Indicators? I wanna learn pitchforks and be able to have my charts like yours

Ignored

Thank you.
I am not using indicators.
One way you learn is go back into history and draw pitchforks and see how they played out.
What i do is draw a line that works as support and resistance many times.
Then copy this line and see if it works on other places as well.
If a line works often it will probably work again so you can use it together with your existing tools.

this is how this one worked out.

Attached Image (click to enlarge)

Click to Enlarge

Name: CADJPYDaily.png
Size: 79 KB

#6,446
Dec 21, 2014 4:11pm Dec 21, 2014 4:11pm

devontrader
Joined Feb 2013 | Status: Trader | 1,458 Posts

Quoting longshot_nl

Disliked

{quote} Thank you. I am not using indicators. One way you learn is go back into history and draw pitchforks and see how they played out. What i do is draw a line that works as support and resistance many times. Then copy this line and see if it works on other places as well. If a line works often it will probably work again so you can use it together with your existing tools. this is how this one worked out. {image}

Ignored

thanks

really great advice,,will try it out

#6,447
Dec 21, 2014 5:43pm Dec 21, 2014 5:43pm

profitkeeper
| Joined May 2010 | Status: Trader | 377 Posts

Quoting airmac

Disliked

{quote} http://screencast.com/t/j4PffZ3kZX My spike is a lot higher http://screencast.com/t/5YLrrzzFG

Ignored

Airmac,
Different brokers will have different highs and lows. If you want to have appox. the same fork, you could use the previous low and a median pivot further back. I tried it and it seems to work, but you may need to put in one or two sliding parallels inside the outer parallels.

#6,448
Dec 21, 2014 6:05pm Dec 21, 2014 6:05pm

profitkeeper
| Joined May 2010 | Status: Trader | 377 Posts

Quoting profitkeeper

Disliked

{quote} Airmac, Different brokers will have different highs and lows. If you want to have appox. the same fork, you could use the previous low and a median pivot further back. I tried it and it seems to work, but you may need to put in one or two sliding parallels inside the outer parallels.

Ignored

Here is an example:

Attached Image (click to enlarge)

Click to Enlarge

Name: pitchfork002.png
Size: 76 KB

#6,449
Dec 22, 2014 2:25am Dec 22, 2014 2:25am

airmac
| Additional Username | Joined Jun 2014 | 398 Posts

Quoting profitkeeper

Disliked

{quote} Here is an example: {image}

Ignored

hm interesting that doesn't work for me at all, I guess I will do it how I see on he chart, but I noticed you have to be careful with spikes, so I will rather follow confluence of events or very obvious highs and lows

thanks

#6,450
Dec 22, 2014 2:26am Dec 22, 2014 2:26am

airmac
| Additional Username | Joined Jun 2014 | 398 Posts

Quoting profitkeeper

Disliked

{quote} Airmac, Different brokers will have different highs and lows. If you want to have appox. the same fork, you could use the previous low and a median pivot further back. I tried it and it seems to work, but you may need to put in one or two sliding parallels inside the outer parallels.

Ignored

I am also using further back yes, makes sense

#6,451
Dec 23, 2014 3:06pm Dec 23, 2014 3:06pm

profitkeeper
| Joined May 2010 | Status: Trader | 377 Posts

Quoting airmac

Disliked

{quote} I am also using further back yes, makes sense

Ignored

Hi airmac,
It looks like the alternate fork that I suggested worked very well. If you had shorted on the retest of the upward fork, you would now be in profit of about 140 pips.
(retest in blue oval)

Attached Image (click to enlarge)