Median Line aka Andrews Pitchfork - NinjaTrader | futures io social day trading
futures io futures trading


Median Line aka Andrews Pitchfork
Updated: Views / Replies:37,142 / 161
Created: by David_R Attachments:68

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 68  
 
Thread Tools Search this Thread
 

Median Line aka Andrews Pitchfork

  #21 (permalink)
Elite Member
Arizona
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: ES
 
Posts: 154 since Jun 2009
Thanks: 708 given, 168 received

Cory,

I can't open your file.

Mahlon

Reply With Quote
 
  #22 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,220 since Jun 2009
Thanks: 628 given, 6,318 received
Forum Reputation: Legendary


mahlonhersh View Post
Cory,

I can't open your file.

Mahlon

chop off .zip part in its name.

Reply With Quote
 
  #23 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received


I have not been using the pitchfork in my trading, but I found it interesting based on some things I have read. Here is a pic of YM today. I was playing around and drew one in hours before it was tested. What I found interesting is that it aligned with a setup of my method.

David

Attached Thumbnails
Median Line aka Andrews Pitchfork-ymfork.jpg  
Reply With Quote
The following 2 users say Thank You to David_R for this post:
 
  #24 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received

here is the continuation of the median line from yesterday. FWIW

David

Attached Thumbnails
Median Line aka Andrews Pitchfork-ymfork082410.jpg  
Reply With Quote
The following 3 users say Thank You to David_R for this post:
 
  #25 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,357 given, 83,240 received


David_R View Post
here is the continuation of the median line from yesterday. FWIW

David

Nice. Did you trade it?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #26 (permalink)
Elite Member
San Jose, Ca
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP/CQG
Favorite Futures: Something moving
 
David_R's Avatar
 
Posts: 1,510 since Nov 2009
Thanks: 2,267 given, 2,371 received


Big Mike View Post
Nice. Did you trade it?

Mike


I traded the first test from yesterday at the 10250 area because it was a set up in my plan. I did not trade it because of the median line. I do which I had held overnight. :-)

I am going to watch them for the fun of it. and see if they create ant confluence with my set ups. For now it's just like doing it.

d

Reply With Quote
The following 2 users say Thank You to David_R for this post:
 
  #27 (permalink)
Elite Member
Arizona
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: ES
 
Posts: 154 since Jun 2009
Thanks: 708 given, 168 received

Here is a picture perfect pitchfork setup and followthrough on TF today. I got some of the move but not the whole thing.

Mahlon

Attached Thumbnails
Median Line aka Andrews Pitchfork-larger-tf-09-10-987-volume-8_25_2010.jpg  
Reply With Quote
The following 2 users say Thank You to mahlonhersh for this post:
 
  #28 (permalink)
Elite Member
Neubrandenburg, Germany
 
Futures Experience: Advanced
Platform: R
Favorite Futures: Stocks
 
wh's Avatar
 
Posts: 538 since Jun 2009
Thanks: 297 given, 480 received

Patrick Mikula has a book/ebook about the "Heugabel". The name of the book:

The best trendline methods of alan andrews and five new trendline techniques.

also include (medianline and some basic strategies)

Best regards

Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
Reply With Quote
The following user says Thank You to wh for this post:
 
  #29 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,357 given, 83,240 received


wh View Post
Patrick Mikula has a book/ebook about the "Heugabel". The name of the book:

The best trendline methods of alan andrews and five new trendline techniques.

also include (medianline and some basic strategies)

Best regards

Link:
Amazon.com: The Best Trendline Methods of Alan Andrews and Five New Trendline Techniques (9780965051835): Patrick…

It's from 2002. 112 pages.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #30 (permalink)
Elite Member
Toronto, Ontario
 
Futures Experience: Advanced
Platform: NinjaTrader, Multicharts
Broker/Data: IB, IQfeed
Favorite Futures: ES, CL
 
Snoop's Avatar
 
Posts: 203 since Oct 2009
Thanks: 135 given, 162 received


Mikula's book is good but it touches on some finer points of Andrews work, which might be missed in the beginning. Integrated Pitchfork Analysis by Dologa:

Amazon.com: Integrated Pitchfork Analysis: Basic to Intermediate…

It's a very good all around book. It spends alot of time on choosing the pivot, which is crucial to whether a pitchfork has any predictive ability or just proves to be more confusing than anything else.

Another key is to find a timeframe that suits the instrument and you best. For me, 15 mins tends to work best for ES and currencies. Warning lines and sliding parallels are also curcial concepts to master, that I often see people ignore. The high probability move to the median line is a decent play, but doesn't compare to action at the various reaction lines. Andrews would take a move to a reaction line and immediately reverse.

Here's a CL chart I started marking up yesterday at 4 am. I rarely use pitchforks on CL (great with fx) but this thread prompted me to take a look at CL.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


At point (2), I wasn't sure if anything was there, but was testing for a turning point off of the price reaction from DOE release (1). I like to use pitchforks to anticipate market turns, as opposed to "curvefitting" the bulk of a prior move. The advantage is when you find a move beginning, there is plenty of action to play out - plus the curve fitting approach that many take is just so wrong.
Back to the chart: I watched it trade up to point (3), then the selling reaction and CL fell to touch the sliding parallel precisely at (4). At this point I knew I had something and I had various confirming data, so I took a position with a very low risk stop. Nice move followed to (5) and done. I took zero heat and a nearly instantaneous anticipated movement off of this pitchfork. Woke up this morning to see that the sliding parallel continues to be support, which should provide more opportunities. Anyway, this is a brief look at how I use them.

Reply With Quote
The following 4 users say Thank You to Snoop for this post:

Reply



futures io > > > > Median Line aka Andrews Pitchfork

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Best Renko Bar? - better vs median vs sbs vs wicked rpm123 NinjaTrader 203 January 6th, 2016 12:47 PM
Median Renko Indicator for NT7 aligator Traders Hideout 2 March 26th, 2011 10:13 PM
Median Renko bar masoud Traders Hideout 2 January 1st, 2011 09:32 PM
Median Renko Indicator greatsky NinjaTrader 2 December 23rd, 2010 02:48 PM
i am looking for median renko bars indicator dellcnu Traders Hideout 6 August 5th, 2010 08:38 PM


All times are GMT -4. The time now is 06:33 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.16 seconds with 21 queries on phoenix via your IP 54.221.93.187