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Median Line aka Andrews Pitchfork
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Median Line aka Andrews Pitchfork

  #11 (permalink)
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David_R View Post
Not a fan of it, huh?

Just a bit of levity, my friend.

I'm neither a fan, friend, nor foe. Does it gives a bonafide edge?

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  #12 (permalink)
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Zoethecus View Post
Just a bit of levity, my friend.

I'm neither a fan, friend, nor foe. Does it gives a bonafide edge?


Levity is ok with me.

I think your question about whether or not it gives an edge is a good one, but can't that question be asked about any method and depending on who you are asking, the answer might be different.

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  #13 (permalink)
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Median lines


I like Median lines and pitchforks to give me an idea as to the trend in particular.
Thanks Rabbit

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Levity is ok with me.

I think your question about whether or not it gives an edge is a good one, but can't that question be asked about any method and depending on who you are asking, the answer might be different.

I was directing the question to you.

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So David, what are you thinking? Did you get in on Market Geometry's free webinar today?

TF didn't move too much today. Mostly stayed within the trading range. There was one nice corner trade with good followthrough. My double oscillators were also in alignment forming a nice area of confluence.

Have a good evening,

Mahlon

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  #16 (permalink)
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Zoethecus View Post
I was directing the question to you.


I don't know the answer to the question. I have not used it before and had not seen any discussion about it on the forum. That is why I initially started the thread.

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  #17 (permalink)
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mahlonhersh View Post
So David, what are you thinking? Did you get in on Market Geometry's free webinar today?

TF didn't move too much today. Mostly stayed within the trading range. There was one nice corner trade with good followthrough. My double oscillators were also in alignment forming a nice area of confluence.

Have a good evening,

Mahlon


Mahlon,

No, I didn't get in on the webinar. I will have to give it a try at some time in the future. It isn't my intention to add the fork to my trading, but I was curious if others are using or have used it. From what I have read it seems like it could be of value, but not sure its something I need to include. The 80% success rate of the mid-line being hit is interesting because I think it can help to add a reason to hold on to winners.

D

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  #18 (permalink)
Market Wizard
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try using it on medianrenko chart as its very natural to see where you should place the abc points for a pitchfork

8/17 lets see if it go anywhere
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8/17 update
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8/17 update eod
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Last edited by cory; August 17th, 2010 at 04:58 PM.
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8/18 note: stop at 61.8
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8/18 lower prong provides support
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8/18 support hold, next target mid prong then upper prong
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8/18 first target hit
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Last edited by cory; August 18th, 2010 at 02:06 PM.
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8/18 exciting conclusion to this extremely well received series, target 2 didn't reach and it soon succumed to a nasty gartly

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