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The One: Price Action and Reaction

  • #1,401
  • Sep 29, 2016 7:51am Sep 29, 2016 7:51am
Quoting Dr.Octagon
{quote} manually - use the pitchfork tool, find the angle, then use lines parallel to the pitchfork to find the 'frequencies'. I wouldn't want to have them drawn automatically, finding the hidden frequencies is part of the creative fun and art of it. It allows you to be creative with charting so that your creative energy is not spilling over into 'being creative' when actually putting trades on. Very good for confidence building when you see them work out over a long period of time. Use them as you would any support/resistance. Put a line on - see...
these are such a defined predictable patterns. thanks for putting your efforts i am grateful and thankful

would go through each and every line again when i lay down at night would process all this information on weekend i really need to understand everything you hv mentioned
There is only one way to learn. It’s through action.
  • #1,402
  • Sep 29, 2016 8:06am Sep 29, 2016 8:06am
price action is most successful strategy in trading .u should have to see how price react on support and resistance.
  • #1,403
  • Sep 29, 2016 8:19am Sep 29, 2016 8:19am
Quoting mahfoozah
{quote} these are such a defined predictable patterns. thanks for putting your efforts i am grateful and thankful would go through each and every line again when i lay down at night would process all this information on weekend i really need to understand everything you hv mentioned
You are most welcome, glad you found it useful. Don't try and swallow all of it, just piece by piece. Learn about pitchforks, Alan Andrews, the links from the front page first so you are confident with these tools, how they are used, who uses them and why. Do that for a week, take your time, it's important to be able to find the right price points to apply pitchforks to. Then next week start experimenting. You'll get the hang of it, it's not a hard concept, nothing about trading has to be hard or complicated. It's easier than you think. When you see it, you'll feel just like Neo in that last video
If you're not in the 5% yet it's because you have to try 95% harder.
  • #1,404
  • Sep 29, 2016 8:50am Sep 29, 2016 8:50am
Nice posts Octagaon!

Since the slope of any modified schiff is the same as the slope of the AC trendline pivots of a pitchfork, I find it more convenient and useful to use it to draw my Action-Reaction lines.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,405
  • Sep 29, 2016 8:51am Sep 29, 2016 8:51am
Quoting newbiefx444
price action is most successful strategy in trading .u should have to see how price react on support and resistance.
Yup! Absolutely right. But you already know how to do that, or where to look for that information at the very least. Pin bars, engulfing candles, moving averages, whatever suits you best. But, that's all you have to do. S&R + price action. It doesn't get any better. If you watch Tim Morge, you can even learn how to touch trade pitchforks.
If you're not in the 5% yet it's because you have to try 95% harder.
  • #1,406
  • Sep 29, 2016 9:11am Sep 29, 2016 9:11am
Quoting kapital
Nice posts Octagaon! Since the slope of any modified schiff is the same as the slope of the AC trendline pivots of a pitchfork, I find it more convenient and useful to use it to draw my Action-Reaction lines.
Thanks Kap, that's a subtle c pivot you've got there, I love it. I certainly could hone my centerline skills because it's not a technique I use, but your parallels are rocking so maybe I should go back and read through your posts.... let's see if I can't get into the lower timeframes and keep my sanity!

Let's pitch the fork outta these charts!
If you're not in the 5% yet it's because you have to try 95% harder.
  • #1,407
  • Sep 29, 2016 9:30am Sep 29, 2016 9:30am
Quoting Dr.Octagon
{quote} Haha! Thought you'd like it. Inspired by some of the crazy long range forks I've seen Morge use. On a serious note though, it does go to show you if you're patient with this technique there really is no need to trade every day. Or week. And certainly no need to give your hard earned capital to a hedge fund so they can underperform the index YoY for you. I also put together this handy guide for trading the the USDJPY 4 Hour chart I posted previously: {image}
This is so funny... I think I am going to save it. Thanks so much for sharing what you see.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,408
  • Sep 29, 2016 9:32am Sep 29, 2016 9:32am
"Every opposite has a center."

- Shane Blankenship
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,409
  • Sep 29, 2016 9:41am Sep 29, 2016 9:41am
Quoting kapital
"Every opposite has a center." - Shane Blankenship {image}
lol eaglestar!

thanks kap, just looked at your charts with the yellow squiggles with fresh eyes. now I see what you're getting at. nice. I'm gonne play with that a while.
If you're not in the 5% yet it's because you have to try 95% harder.
  • #1,410
  • Sep 29, 2016 9:51am Sep 29, 2016 9:51am
Chart Updates
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,411
  • Sep 29, 2016 10:09am Sep 29, 2016 10:09am
Just looking at your USDCHF chart. Thought to myself - 'I've seen that angle before somewhere'. It's amazing these angles play out for months and years. And we still seem to be dancing to the tune of THAT usdchf unpeg price bar in a subtle way:

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anyway, gonna stop spamming your thread to death now!
If you're not in the 5% yet it's because you have to try 95% harder.
  • #1,412
  • Sep 29, 2016 10:18am Sep 29, 2016 10:18am
Quoting Dr.Octagon
Just looking at your USDCHF chart. Thought to myself - 'I've seen that angle before somewhere'. It's amazing these angles play out for months and years. And we still seem to be dancing to the tune of THAT usdchf unpeg price bar in a subtle way: {image} anyway, gonna stop spamming your thread to death now!
spamming??? no way. Share on brother.

Where did you learn to draw so well?
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,413
  • Sep 29, 2016 11:10am Sep 29, 2016 11:10am
15 MIN EUR/USD
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,414
  • Sep 29, 2016 11:37am Sep 29, 2016 11:37am
Doc, did Paul Coghlan give a public webinar this month? I keep up with his Twitter feed and didn't see any announcements about one taking place.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,415
  • Edited 12:05pm Sep 29, 2016 11:39am | Edited 12:05pm
long version (sorry):

started with bolly bands. read some books by Mark Whistler. got me on to stats and deviation. then I saw a thread on Babypips, years and years ago, a fella was talking about linear regression and how basically that's all the market does. turned out to be true. I eventually came across pitchforks (also, Mark Whistler used them in one of his books, but in a crazy way.[sorry Mark, you're still a genius though]). Realized that what I was seeing fit with the linear regression. Found Morge, and Blankenship (sp?!), read a lot of their articles, and watched vidz, but still wasn't quite gelling so searched on.

Came across Paul Coghlan, paid to see his stuff for a few months (basically outsourced my analysis, smart move & best money I ever spent) and just got it because of the groundwork I already had and because Coghlan is really really good. Then I just picked up the ball and ran with it, because I love looking for this stuff, just makes sense to me and I can see it without drawing it now a lot of the time.

You can find these really nice extremes a lot of the time with just parallel line channels or linear regression, price is really linear in fx, apart from stop runs and they happen in obvious places), and the quieter the market the more linear it is (hint hint). You can nail the extremes using really basic tools.

Anyhoo, one of the guys that used to work with Coghlan - Ben (beeb), got drummed off this site by some silly people - a shame, he was the real deal, pro trader from big institution, retired (very early) and doing his own thing. But Coghlan also the real deal, I'll probably get back to him at some time.

Andrew Maguire is another guy who worked with Coghlan, got his name mentioned in the press some time back for whistleblowing on the gold market. He runs a Gold service now (which I won't link here because I'm not trying to pimp commercial services), and uses some of Coghaln's ideas too, you can see them in his intro video.

But what really helped is I also have a trading buddy who is a smart cookie, I introduced him to fx but he got it faster than I did and proved it was possible to make a living. Taught me the things he'd found out and helped keep my head together. Couldn't have done it without him. He's a total stop run ninja! lol. If you lost money on a stop run, it's probably in his bank account. He got into volume and Anna Coulling, and really showed me some neat sh*t.

So in respect to Coghlan and my friend, I'm not gonna spill all (not that you couldn't work most of it out with common sense), but I guess I've been lucky to go down this path.



There you have it.


EDIT: not sure Kap, but worth looking out for. Check his FB?
If you're not in the 5% yet it's because you have to try 95% harder.
  • #1,416
  • Edited 1:04pm Sep 29, 2016 12:46pm | Edited 1:04pm
S&P500. Ouch!, bad day to be a stock bull. This stuff is gonna hurt all those hundreds of thousands of guys long usdjpy.

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This bit of frequency is interesting. Just the bottom trendline duplicated to the middle and top.

Looks like Hedge Funds pulling cash out of Deutsch Bank. This could be very bad:


http://www.bloomberg.com/news/articl...eral-on-trades
If you're not in the 5% yet it's because you have to try 95% harder.
  • #1,417
  • Edited Sep 30, 2016 12:05am Sep 29, 2016 11:52pm | Edited Sep 30, 2016 12:05am
15 MIN EUR/USD
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,418
  • Sep 30, 2016 1:34am Sep 30, 2016 1:34am
Thanks for sharing. Your charts are really good. Feel free to post away. Many people can learn from your longer timeframe charts. I started trading 30min lately because I saw more opportunities more often, but really good to see you posting here. don't worry, you are welcome here, as well as anyone who wants to learn and share ideas. I started reading Morge and watching Market Geometry webinars in 2009, as I was already hand charting, and came across his website by searching Market Geometry (!!!!) I wanted to figure out a way to preduct the markets using sacred geometry.
Quoting Dr.Octagon
long version (sorry): started with bolly bands. read some books by Mark Whistler. got me on to stats and deviation. then I saw a thread on Babypips, years and years ago, a fella was talking about linear regression and how basically that's all the market does. turned out to be true. I eventually came across pitchforks (also, Mark Whistler used them in one of his books, but in a crazy way.[sorry Mark, you're still a genius though]). Realized that what I was seeing fit with the linear regression. Found Morge, and Blankenship (sp?!), read a lot of their...
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #1,419
  • Sep 30, 2016 4:31am Sep 30, 2016 4:31am
Quoting eaglestar
I started reading Morge and watching Market Geometry webinars in 2009, as I was already hand charting, and came across his website by searching Market Geometry (!!!!) I wanted to figure out a way to preduct the markets using sacred geometry. {quote}
I've never done hand-charting before. How did it benefit you? Do you still do it?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #1,420
  • Sep 30, 2016 8:03am Sep 30, 2016 8:03am
Some good stuff here lately. Keep it coming!
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