Andrews Pitchfork (Median Line)

why is it better ?

I was just asking if you prefer cfd's ? .... I like the simplicity of spreadbetting

Well going back to the rules of the PF if it hits the MLH it should have a reaction, I mean the AUDUSD fork isnt bad maybe it needs to be refined, but the Long didnt go anywhere near and previously it went past by a bit before it retraced.

The USDCAD fork shows a good response between support and resistance, on top of that if you did take a long from the fork you are way on your way to the MLH.

However the best entry will be the reactions, and when the signals given you join that trade. Hit the MLH twice on your smaller fork, come back to the LMLH and is on its way back up again? what more can you ask from a fork??!

Most of all your AUDUSD isnt a bad fork as mentioned, possibly try a schiff and see what that produces.

Oh apologies of the misconception.

Yeah nothing wrong with CFD's

Its just the 'wording' of the two and how they are executed that make them different. Overall its the same thing really.

If you are in the UK spread bet always spread bet... tax free!!!??? Why not... but it's always good to know your options

And yes you are correct, spread betting is much easier to calculate margin, trade sizes etc

buy limit here ...looks good to me ..anyone charting this ?

EURUSD P&F 10x3

Is anyone watching these green lines in oil by chance...looks like a developing slope coming off the ML of the red fork that caught the low of the move...

GBPUSD wkly

Anyone charting the s&p 500 ? could be a big drop coming ?

here are some charts

SandP

My EURCAD worked perfectly

Also in my journal

Felt like doing some drawing tonight, this what I'm seeing on Euro dollar looks like we headed back down to the lows..

Interesting confluence there in CL if push a little higher..

Price zoomed through the top contested area without a pullback into it AND is now trading below the median line of the pitchfork with failures to break through it.

Guess who's coming to dinner to feed from the table below (bottom contested area) . Expect some potential fluctuation around the median line before it happens though.

hi egalestar
please add GBPJPY ON your technical analyze
thank you for education this systemÂ

Update of CL green lines..

Here's what I see on pound yen, dollar yen, pound dollar 240m ... not hard to see this trade is more GU driven than jpy

Mt first post here - glad to have found somewhere discussing median lines. Been reading and watching and learning about these tools for a while but am only just beginning to trade - (micro spread bet account for now).

Anyway here's a chart - AUDJPY 1hr - looking for a short - would like to see minor upsloping ML to fail and then sell switchback

Got break of LMLH of minor fork (news?) but its too late on Friday for me so I'll just watch and see what happens.