if I had a better entry and bigger stop i would have been OK ...but I'm making a new rule , no more trades on fridays or mondays ....good weekend all !
Andrews Pitchfork (Median Line)
- #7,324
- Oct 17, 2015 2:34am Oct 17, 2015 2:34am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #7,327
- Oct 17, 2015 3:43pm Oct 17, 2015 3:43pm
OK OK I know this a strict median line methodology or techs or Strat thread but i wish to share a little something that flew into my orbit and though i cant take total credit for my strat / methods and so you fork traders dont get all twisted here please as i am dependent upon Andrews Median Lines /pitchforks yet by running the MAs envelopes ive come up with a lil something something here
Switch to 3h chart.
Add 2 SMA moving averages, set both to same period of 180. Set one to "high price" and another to "low price".
Add 2 SMA envelopes, set both to 180 period and both set to median price(H+L/2). Set one`s deviation to 2 and another to 3.
Now you have your easy "median lines", without too much hassle, always actual and automatically re-calculating:
4h is ok too, set then period to 120 instead of 180 and set boundaries to 2 and 4 instead of 2 and 3. I also use the 200 MA I will get into MAs inside Forks later so just to share here and you properly understand that both of these tools should be taken on approximate level and with grain of salt rather than how they tend so be presented(and even worshiped). I suggest discretion used when study of any system method etc. This being a work in progress looks a bit like this Ive been trading these line with great results bearing in mind the basic Andrews rule set used and well how to trade this ? well that depends on the trader and their personality /// 
Switch to 3h chart.
Add 2 SMA moving averages, set both to same period of 180. Set one to "high price" and another to "low price".
Add 2 SMA envelopes, set both to 180 period and both set to median price(H+L/2). Set one`s deviation to 2 and another to 3.
Now you have your easy "median lines", without too much hassle, always actual and automatically re-calculating:
4h is ok too, set then period to 120 instead of 180 and set boundaries to 2 and 4 instead of 2 and 3. I also use the 200 MA I will get into MAs inside Forks later so just to share here and you properly understand that both of these tools should be taken on approximate level and with grain of salt rather than how they tend so be presented(and even worshiped). I suggest discretion used when study of any system method etc. This being a work in progress looks a bit like this Ive been trading these line with great results bearing in mind the basic Andrews rule set used and well how to trade this ? well that depends on the trader and their personality ///
- #7,328
- Oct 18, 2015 5:43pm Oct 18, 2015 5:43pm
- Joined Jan 2009 | Status: Trader | 1,617 Posts
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
