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Charting with Median Lines

  • #321
  • Jun 11, 2017 5:43pm Jun 11, 2017 5:43pm
DAX wkly
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  • #322
  • Jun 11, 2017 6:11pm Jun 11, 2017 6:11pm
cant we take any low for this center line
i am seeing random it comes...

in the second pic also there is one low spike came but the center point is taken after that...
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Success is a Journey Not a Destination....... kind regards ramzam
  • #323
  • Jun 11, 2017 7:17pm Jun 11, 2017 7:17pm
Quoting ramzam
cant we take any low for this center line i am seeing random it comes...

This pitchfork setup is called Modified Schiff because it's 1st pivot is moved 50% closer to pivot #2.
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  • #324
  • Jun 11, 2017 10:11pm Jun 11, 2017 10:11pm
Quoting AlexC
{quote} This pitchfork setup is called Modified Schiff because it's 1st pivot is moved 50% closer to pivot #2. {image}
Agreed, regarding MS fork. Plus, there's another larger Andrew's that perfectly held the Close (6 bars back) and Open (5 bars back).
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  • #325
  • Jun 11, 2017 10:23pm Jun 11, 2017 10:23pm
Quoting AlexC
{quote} Pitchfork has been curve fitted on your chart. Look at the broker's spike down on Oct.7, 2016. Pivot 1 is way off. You have to watch out for that. Here, on this chart the broker's data didn't overshoot so pivot 1 supports the daily pitchfork. Between the weekly chart and the daily chart we'll have to monitor for continual resonance. {image}
I didn't use the brokers spike as we had talked about that a few months back and pips4life also rang in if we consider the fork as an action reaction set it was making s good centerline that is why I did it. 1 cat has been skinned 2 ways lol
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #326
  • Jun 12, 2017 4:38am Jun 12, 2017 4:38am
Quoting pips4life
{quote} Agreed, regarding MS fork. Plus, there's another larger Andrew's that perfectly held the Close (6 bars back) and Open (5 bars back). {image}
Double resistance area. Let's see the outcome.
  • #327
  • Jun 12, 2017 5:08am Jun 12, 2017 5:08am
Quoting eaglestar
{quote} I didn't use the brokers spike as we had talked about that a few months back and pips4life also rang in if we consider the fork as an action reaction set it was making s good centerline that is why I did it. 1 cat has been skinned 2 ways lol
Interesting how PFs and A/Rs can capture price turning points, bad data and all sometimes, if you really study the charts.
  • #328
  • Jun 13, 2017 4:36am Jun 13, 2017 4:36am
AUD/CAD wkly
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  • #329
  • Jun 13, 2017 4:46am Jun 13, 2017 4:46am
Quoting AlexC
{quote} This pitchfork setup is called Modified Schiff because it's 1st pivot is moved 50% closer to pivot #2. {image}
wow nice...simply superb thank you for this kind reply
Success is a Journey Not a Destination....... kind regards ramzam
  • #330
  • Jun 13, 2017 10:21am Jun 13, 2017 10:21am
Thanks Ramzam I really liked how Andrew's hairpin goes so I know how to place it and I see that you use 50% of a fibonacci

Gracias Ramzam me a gustado mucho la de como va la horquilla de Andrew pue ya se como debo colocarla ya veo que uséis el 50% de un fibonacci
  • #331
  • Jun 13, 2017 7:58pm Jun 13, 2017 7:58pm
USD/CAD daily
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  • #332
  • Jun 15, 2017 8:06am Jun 15, 2017 8:06am
USD/CAD daily
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  • #333
  • Jun 15, 2017 10:49am Jun 15, 2017 10:49am
WTI Spot Oil Wkly
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  • #334
  • Jun 16, 2017 10:22am Jun 16, 2017 10:22am
Quoting eaglestar
{quote} What do you think about this? {image}
GBPUSD

Looks like it is turning at this point a bit
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #335
  • Jun 16, 2017 11:54am Jun 16, 2017 11:54am
Quoting eaglestar
{quote} GBPUSD Looks like it is turning at this point a bit {image}

Yes it does.
GBP/USD daily
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  • #336
  • Jun 16, 2017 2:10pm Jun 16, 2017 2:10pm
AUD/USD weekly
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  • #337
  • Jun 16, 2017 9:16pm Jun 16, 2017 9:16pm
DXI daily
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  • #338
  • Jun 17, 2017 9:29am Jun 17, 2017 9:29am
USD/CAD daily
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  • #339
  • Jun 20, 2017 9:43am Jun 20, 2017 9:43am
USD/CAD daily
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  • #340
  • Jun 20, 2017 11:04am Jun 20, 2017 11:04am
Another perspective...
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