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Median Line aka Andrews Pitchfork
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Median Line aka Andrews Pitchfork

  #1 (permalink)
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Median Line aka Andrews Pitchfork

I was wondering if anyone uses or has used the Median Line to trade. I've been reading some stuff and it seems interesting. Not that I want to ad it, but curious about other experiences.

David

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  #2 (permalink)
Quick Summary
Quick Summary Post

I like Median lines and pitchfors to look at the trend in particular.
Thanks Rabbit


Last edited by rabbit; August 16th, 2010 at 01:50 AM.
 
  #3 (permalink)
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Here is Andrew, wife and pitchfork.

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Here is Andrew, wife and pitchfork.


Not a fan of it, huh?

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I'd recommend Tim Morge and his site. He's probably the foremost skilled user of it, and a successful trader. MarketGeometry

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Take a look here too ANDREWS PITCHFORK / MEDIAN LINES.

Luke.

Take your Pips, go out and Live.
Luke.
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casey44 View Post
I'd recommend Tim Morge and his site. He's probably the foremost skilled user of it, and a successful trader. MarketGeometry

Tim does a free webinar every Monday at 11:00 AM Arizona time. Here is what I took away from the webinar this last Monday -

The 3 most important things in deciding on taking a trade -
1. Market Structure - HL, HH, LL, LH, etc.
2. Context - trending?, other timeframes, other things that give you an idea of what is happening.
3. Frequency - waves, including median lines.

I have just recently started looking at the pitchfork. It does look interesting. I think we may find it more helpful in trending markets - less so in sideways markets.

One thing I have discovered is I tend to "force" the pitchfork to show me a trade - changing pivot points, moving the median line to match up to whatever, etc. It's just like everything else in trading - we need to look and listen to what the market is telling us. Not us telling the market what we want. In one of Tim's videos he says that he is very patient. I know I need to work on this more, to be patient until that "sweet spot" comes along.

I am looking forward to learn more.

Good trading to all,

Mahlon

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LukeGeniol View Post
Take a look here too ANDREWS PITCHFORK / MEDIAN LINES.

Luke.


Thanks, Luke,

I have looked at the trading-naked site quite a lot and that is actually where I saw the median line used in interesting ways. The guy that started that site, NQoos (Jim) did some interesting stuff with the median line where he combines it with other methods such as market profile or fib levels under the confluence setup area.

I also found it interesting that according to Morge a setup based on the pitchfork has and 80% chance of hitting the mid-line as a first target. If that is true it's impressive.

D

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mahlonhersh View Post
Tim does a free webinar every Monday at 11:00 AM Arizona time. Here is what I took away from the webinar this last Monday -

The 3 most important things in deciding on taking a trade -
1. Market Structure - HL, HH, LL, LH, etc.
2. Context - trending?, other timeframes, other things that give you an idea of what is happening.
3. Frequency - waves, including median lines.

I have just recently started looking at the pitchfork. It does look interesting. I think we may find it more helpful in trending markets - less so in sideways markets.

One thing I have discovered is I tend to "force" the pitchfork to show me a trade - changing pivot points, moving the median line to match up to whatever, etc. It's just like everything else in trading - we need to look and listen to what the market is telling us. Not us telling the market what we want. In one of Tim's videos he says that he is very patient. I know I need to work on this more, to be patient until that "sweet spot" comes along.

I am looking forward to learn more.

Good trading to all,

Mahlon


I hear you loud and clear. Going back and putting on a pitchfork after the fact is easy. It seems everything is easy in hind sight. One thing the guy on trading-naked.com says it wait for an ABC to occur and then apply the pitchfork. The trade would be a test of the upper or lower line depending on the direction. Waiting for the bar to close is also important. The bar that does the test that is. Also using higher time frames may be helpful such as a 15 minute or 30 minute instead of trying to fit to every swing.

D

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Here is a possible outlook for Monday for TF.

We are close to breaking through support. I am watching for a down move to the median line then a pullback to the upper median line. This would make for a low risk entry with a small stop and the median line as a target. As David mentioned, this trade setup has about an 80% success rate.

I welcome any feedback.

Mahlon

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Median Line aka Andrews Pitchfork-larger-tf-09-10-6765-volume-8_13_2010.jpg   Median Line aka Andrews Pitchfork-entry-tf-09-10-987-volume-8_13_2010.jpg  
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