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Andrews Pitchfork (Median Line)

  • #7,341
  • Oct 19, 2015 11:12am Oct 19, 2015 11:12am
Quoting Wannabehamp
{quote} That big fork looks alot better.
why is it better ?
  • #7,342
  • Oct 19, 2015 11:15am Oct 19, 2015 11:15am
Quoting Wannabehamp
{quote} I'm not sure of your level of experience but the main thing is spread betting is tax free, CFD isn't. If you want more detail I can post something about that in my journal even though it's in my course
I was just asking if you prefer cfd's ? .... I like the simplicity of spreadbetting
  • #7,343
  • Oct 19, 2015 11:18am Oct 19, 2015 11:18am
Quoting price777999
{quote} why is it better ?
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.
  • #7,344
  • Oct 19, 2015 11:20am Oct 19, 2015 11:20am
Quoting price777999
{quote} I was just asking if you prefer cfd's ? .... I like the simplicity of spreadbetting
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
  • #7,345
  • Oct 20, 2015 7:44am Oct 20, 2015 7:44am
buy limit here ...looks good to me ..anyone charting this ?
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  • #7,346
  • Oct 21, 2015 2:06am Oct 21, 2015 2:06am
EURUSD P&F 10x3
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  • #7,347
  • Oct 23, 2015 11:06pm Oct 23, 2015 11:06pm
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...
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  • #7,348
  • Oct 24, 2015 10:32am Oct 24, 2015 10:32am
GBPUSD wkly
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  • #7,349
  • Oct 24, 2015 12:59pm Oct 24, 2015 12:59pm
Anyone charting the s&p 500 ? could be a big drop coming ?
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  • #7,350
  • Oct 28, 2015 12:30pm Oct 28, 2015 12:30pm
here are some charts
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,351
  • Oct 28, 2015 12:33pm Oct 28, 2015 12:33pm
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SandP
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #7,352
  • Oct 28, 2015 1:45pm Oct 28, 2015 1:45pm
My EURCAD worked perfectly

Also in my journal

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  • #7,353
  • Oct 28, 2015 10:24pm Oct 28, 2015 10:24pm
Felt like doing some drawing tonight, this what I'm seeing on Euro dollar looks like we headed back down to the lows..
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  • #7,354
  • Oct 28, 2015 11:11pm Oct 28, 2015 11:11pm
Interesting confluence there in CL if push a little higher..
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  • #7,355
  • Edited 4:15am Nov 1, 2015 3:39am | Edited 4:15am
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.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #7,356
  • Nov 2, 2015 2:49am Nov 2, 2015 2:49am
hi egalestar
please add GBPJPY ON your technical analyze
thank you for education this systemÂ
  • #7,357
  • Nov 6, 2015 3:23am Nov 6, 2015 3:23am
Quoting bayfisherman
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... {image}

Update of CL green lines..
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  • #7,358
  • Edited 3:50am Nov 6, 2015 3:36am | Edited 3:50am
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
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  • #7,359
  • Nov 6, 2015 5:06am Nov 6, 2015 5:06am
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
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  • #7,360
  • Nov 6, 2015 8:47am Nov 6, 2015 8:47am
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.
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