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Andrews Pitchfork (Median Line)

  • #7,201
  • Aug 13, 2015 10:19pm Aug 13, 2015 10:19pm
Nice posts Winston! My eye is still on this 4h EURUSD, but I have many micro and mini forks for daytrading. Wish I had more time I'd jump in the discussion more.
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  • #7,202
  • Aug 14, 2015 12:23pm Aug 14, 2015 12:23pm
Quoting Winston Reed
{image} H4 EURUSD with newest fork. ABC shown. The blue down arrow is a bearish engulfer signifying sellers. Pivot C seems valid so to me we start watching for PA and anticipate a move towards the median line. A test and retest of the upper parallel is sought by many forkers but is the engulfer enough. After the engulfer price did move down significantly but as you can see it has retraced. So now should we still wait for a test/retest? No doubt price often moves to the median line without a test/retest.
is ther any reason you chose not to use the previous high as A? sinse that peak is the highets peak, I would think that is the ont to use?
Bulls are stupid Animals!especially when Im short!
  • #7,203
  • Aug 14, 2015 12:26pm Aug 14, 2015 12:26pm
Quoting Winston Reed
{quote} Hey RT. You want to choose the fork/s that best describe PA. Although PA won't necessarily bounce to the pip you want to see PA respecting one or more of the lines (the median line or the upper/lower parallel). Identifying swing highs/lows can help. Some may think we are just drawing forks to suit but there are rules so the forks are not random. We just want to see the fork/s that best describe current market structure. It takes a bit of practice to get the hang of it but after a while it really isn't so difficult. This is my current H4...
Thanks WInston, I need some given rules I guess. how about schiffs forks, do you use them? when are they good to use or do you just take any that best suite the PA?
Bulls are stupid Animals!especially when Im short!
  • #7,204
  • Edited 12:44pm Aug 14, 2015 12:34pm | Edited 12:44pm
what do you think of this trade I did today, I entered with only 2 micros. using a normal fork downside because it broke out of the larger one where price already touched the top paralel. keeping the lot size minimal until I learn this prooperly do you think this is a trade you could have been doing? or what did I miss? anyways, I'm happy the position is profitable so far. I already closed 1 micro at the median line for about 70 pips . I'm thinking I will leave the other one to maybe go down to the bottom line
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Bulls are stupid Animals!especially when Im short!
  • #7,205
  • Aug 14, 2015 3:40pm Aug 14, 2015 3:40pm
Mini forks for today, Just below the 4hr ML also.
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  • #7,206
  • Aug 16, 2015 1:44am Aug 16, 2015 1:44am
Some updates and stocks
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,207
  • Aug 16, 2015 1:48am Aug 16, 2015 1:48am
some more
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,208
  • Aug 16, 2015 2:31am Aug 16, 2015 2:31am
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UsdIndex: h4

Just my imagination (^_^) !!!
Trading for a living
  • #7,209
  • Aug 16, 2015 11:43pm Aug 16, 2015 11:43pm
Tick chart showing usd buying vs jpy (futures inverted)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,210
  • Aug 17, 2015 12:10am Aug 17, 2015 12:10am
Quoting KimNguyen
{image} UsdIndex: h4 Just my imagination (^_^) !!!
nicely done
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,211
  • Aug 17, 2015 12:12am Aug 17, 2015 12:12am
looks like silver may continue
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,212
  • Aug 18, 2015 9:50am Aug 18, 2015 9:50am
As predicted
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,213
  • Aug 19, 2015 2:25am Aug 19, 2015 2:25am
4hrs n daily EU
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  • #7,214
  • Aug 19, 2015 12:08pm Aug 19, 2015 12:08pm
forgot to share this yesterday
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,215
  • Edited 10:10am Aug 20, 2015 9:33am | Edited 10:10am
Got a nice one here

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UJ I hesitated to left a pending order on while I was asleep last night.
Seems, it plays well so far.

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GU fakes almost the same amount below and above
opened long last night and close right away, doesn't fell right
drew a small fork and it seems play well so far.
shorted

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  • #7,216
  • Aug 20, 2015 9:04pm Aug 20, 2015 9:04pm
UJ hit right on target......
but I missed my position in this pair
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  • #7,217
  • Aug 21, 2015 9:36am Aug 21, 2015 9:36am
some cross pairs

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  • #7,218
  • Aug 21, 2015 10:39am Aug 21, 2015 10:39am
UC my long got washed out this morning b4 it shoot up.
Didn't choose the right pivot to hide my stop
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While I was reading online last night, it just reminds me the pivots count of the fork
does anyone use this method to gauge potential turning location/pivot?
I have a question about the correct counting method, here is my understanding

The handle end will always count as P0
and P1, P2 will always be the starting point of MHL(upper & lower)
So all up and downs in between are not counted
P3,P4,P5...... will be somewhere within the fork

Thanks for any input
  • #7,219
  • Aug 21, 2015 1:31pm Aug 21, 2015 1:31pm
the blue pattern ratios doesn't form any particular harmonic pattern, but they form confluence zone
now the bigger forming pattern has some ratio confluence zone and they intersect with the down sloping fork

Don't know if it makes any sense, have a nice weekend.
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  • #7,220
  • Aug 24, 2015 2:55pm Aug 24, 2015 2:55pm
WOW!!!!
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
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