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I generally hold my tongue when looking over this thread because most people on here don't seem to know how to draw or trade forks. You chart is the best one I have seen in this thread.
Median lines are uncanny when you get it right, but I have yet to manage to draw the right one early enough or come up with a trading plan and signals around it.
I don't want to be dismissive, but if you can't draw them early enough to use them, then it's not uncanny, just more hindsight.
Not picking on anyone; it's just that there are a lot of things like that, that seem wonderful if you already know how they are supposed to come out. At the time when you have to trade, it tends to be harder.
I want to test something. It's simple. Place some random lines on your chart prior to the day opening, and see if at the end of the day you feel like those lines were important (try to imagine they weren't random, but some expensive or complicated …
Not everything is random, but not everything is meaningful or usable, either.
Hi Zacgawn, I found them to be my way of approaching the market - market structure comes first and as @bobwest rightly pointed out that finding right pivots is the key as they all look magnificent in hindsight.
What do you trade?
Additionally random line theory is a good read in any case
Ps. I will maybe start posting over here when I have more time
Yes market structure and MLs seem to go hand in hand. do you have any suggestions for good articles/books/videos on market structure?
I am currently trading spot forex with the majors plus commodity pairs. I trade off a 13 range chart. I am sitting around waiting alot so will be looking at trading other instruments soon.
I see you used FXCM as a broker? are you still with them? I would like to use them too so i can stick to charting and trading all off of ninjatrader but I am nervous their collapse is around the corner since the swiss removed their currency ceiling.
