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Charting with Median Lines

  • #121
  • Dec 27, 2016 5:37am Dec 27, 2016 5:37am
EUR/USD Daily
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  • #122
  • Dec 27, 2016 5:39am Dec 27, 2016 5:39am
USD/CAD Daily
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  • #123
  • Dec 27, 2016 5:40am Dec 27, 2016 5:40am
USD/JPY Daily
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  • #124
  • Dec 27, 2016 5:42am Dec 27, 2016 5:42am
AUD/USD 4hr
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  • #125
  • Dec 27, 2016 11:26am Dec 27, 2016 11:26am
USD/CHF Weekly
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  • #126
  • Dec 27, 2016 11:31am Dec 27, 2016 11:31am
NZD/USD Weekly
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  • #127
  • Dec 27, 2016 11:51am Dec 27, 2016 11:51am
DAX Weekly
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  • #128
  • Dec 27, 2016 11:52am Dec 27, 2016 11:52am
DJI Weekly
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  • #129
  • Dec 29, 2016 1:12pm Dec 29, 2016 1:12pm
GBP/USD 1hr
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  • #130
  • Dec 30, 2016 1:06pm Dec 30, 2016 1:06pm
GBP/USD 1hr

Price swims out of pitchfork more often on the 1 hr chart.
Changed from Andrew ML to Schiff ML.
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  • #131
  • Jan 1, 2017 10:48am Jan 1, 2017 10:48am
Quoting Pips_Cruiser
Happy new year to Al, and all you other forkers!
Happy 2017

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  • #132
  • Jan 1, 2017 10:56am Jan 1, 2017 10:56am
Quoting AlexC
{quote} Happy 2017 {image}
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  • #133
  • Jan 3, 2017 11:39am Jan 3, 2017 11:39am
2017!

GBP/USD 4hr
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  • #134
  • Jan 5, 2017 1:23pm Jan 5, 2017 1:23pm
GBP/USD 4h
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  • #135
  • Jan 7, 2017 1:01pm Jan 7, 2017 1:01pm
GBP/USD 4hr

Price went from quartile to quartile.
Friday's low is less than 100 pips away from ML & the 161.8% level.
How long before it hits is the question.
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  • #136
  • Jan 9, 2017 5:48am Jan 9, 2017 5:48am
GBP/USD 4h

The answer: Three 4hr candles.
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  • #137
  • Jan 9, 2017 9:37pm Jan 9, 2017 9:37pm
Quoting AlexC
GBP/USD 4h The answer: Three 4hr candles. {image}
I think price may stop at the 61.8 and take off.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #138
  • Jan 10, 2017 2:26am Jan 10, 2017 2:26am
Quoting eaglestar
{quote} I think price may stop at the 61.8 and take off. {image}
I usually like your charts, but in my opinion, on this chart you are fooling yourself to draw any pivot based on the GU Oct 6 low. Whatever was the low price is not consistent among any of several broker feeds I've checked. There was no liquidity, price went into freefall, and many broker servers just stopped tracking any true market.

Your chart has the low at 1.16446

FXCM has the low at 1.19935
TradeKing (=Gain??) has the low at 1.20292
GCI has 1.1954

Which one would be correct? I have no idea, and since the price is inconsistent, why use it as a pivot?

Your "61.8%" IR is then in doubt. However, the level is near two other previous minor pivot lows, so it may be a decent support level... but not because of the Fib.

Your 1130 price swings are also in doubt for the same reason.

Maybe GU will bounce, but best not to base your reasoning on the suspect pivot low.
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  • #139
  • Jan 10, 2017 8:25am Jan 10, 2017 8:25am
GBP/USD Daily

Yesterday's close was at the 161.8% Fib Area.
Today's low so far was at 141.4% of Pitchfork's H/L pivots.
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  • #140
  • Jan 10, 2017 3:43pm Jan 10, 2017 3:43pm
Quoting pips4life
{quote} I usually like your charts, but in my opinion, on this chart you are fooling yourself to draw any pivot based on the GU Oct 6 low. Whatever was the low price is not consistent among any of several broker feeds I've checked. There was no liquidity, price went into freefall, and many broker servers just stopped tracking any true market. Your chart has the low at 1.16446 FXCM has the low at 1.19935 TradeKing (=Gain??) has the low at 1.20292 GCI has 1.1954 Which one would be correct? I have no idea, and since the price is inconsistent, why use...
Either way it is a support level, you are correct. This is the daily chart of the futures. I don't have the esignal interbank feed at the moment, but you are correct and smart to see that my point was that it was a support level. The 50% was broken.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
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