NexusFi: Find Your Edge


Home Menu

 





Median Line aka Andrews Pitchfork


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one trendisyourfriend with 38 posts (45 thanks)
    2. looks_two CRM5096 with 22 posts (5 thanks)
    3. looks_3 mahlonhersh with 14 posts (13 thanks)
    4. looks_4 YertleTurtle with 14 posts (7 thanks)
      Best Posters
    1. looks_one Snoop with 2 thanks per post
    2. looks_two trendisyourfriend with 1.2 thanks per post
    3. looks_3 David_R with 1.1 thanks per post
    4. looks_4 mahlonhersh with 0.9 thanks per post
    1. trending_up 73,412 views
    2. thumb_up 130 thanks given
    3. group 29 followers
    1. forum 163 posts
    2. attach_file 66 attachments




 
Search this Thread

Median Line aka Andrews Pitchfork

  #31 (permalink)
 
wh's Avatar
 wh 
Neubrandenburg, Germany
 
Experience: Advanced
Platform: R
Trading: Stocks
Posts: 538 since Jun 2009
Thanks Given: 298
Thanks Received: 512

I like this "Heugabel". I look into Dologas Book.
It gives a clear mind for trading. Find SR Levels and so
on ...

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.
Attached Thumbnails
Click image for larger version

Name:	Heugabel.png
Views:	378
Size:	205.6 KB
ID:	19228  
Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Strategy stop orders partially filled
EasyLanguage Programming
Quantum physics & Trading dynamics
The Elite Circle
ZombieSqueeze
Platforms and Indicators
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Cheap historycal L1 data for stocks
Stocks and ETFs
 
  #32 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,177
Thanks Received: 6,020


Most of these tools try to predict. I do use some of them like Market Profile, a bit of Pitchfork, sometimes a Fibonacci projection (but not as often as i used to do), the outer bands of a Keltner channel. Conventional levels of support/resistance, diagonal or median lines, Dow theory, action/reaction lines etc. I always try to have an open mind about these approach knowing each has its strength and weakness, that's it.
Even the desert draw its own lines, what's wrong with that ? :new:

Here are some examples:

Update:

Update3:

Update 4:



update at 10:35 EDT:

Update at 11:00 EDT:

Update at 11:30 EDT:

update at 14:50 EDT:

End of session:

Reply With Quote
  #33 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,177
Thanks Received: 6,020


ES at 9:55:

Update end of session:

Today's fork-casts ;-)

Last update for the ES:

Today's forecasts on the ES:

A star is born :

*************
ES - Overnight price action:
On this chart we can see yesterday's VALUE AREA HIGH but looking at price action right at this spot (magenta dotted line) we can anticipate a break but where could price go if it breaks this resistance ? That's where Pitchfork can be usefull even more so than Fibonacci in my opinion.

Edit at 10:35 EDT:

14:55 EDT on the ES:
Nothing to the left, what's left ? Pitchfork of course.

Some targets before regular session:


Price action was symmetrical today on the ES:

Some targets this morning on the ES:

Reply With Quote
Thanked by:
  #34 (permalink)
 mahlonhersh 
Arizona
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: ES
Posts: 155 since Jun 2009
Thanks Given: 709
Thanks Received: 176

Here's a chart from Friday. I switched from a 987 volume chart to a 15 range chart.

Mahlon

Attached Thumbnails
Click image for larger version

Name:	Larger TF 09-10 (15 Range)  8_27_2010.jpg
Views:	287
Size:	109.0 KB
ID:	19303  
Reply With Quote
  #35 (permalink)
 mahlonhersh 
Arizona
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: ES
Posts: 155 since Jun 2009
Thanks Given: 709
Thanks Received: 176

Here are 2 possible scenarios for Monday.

Mahlon

Attached Thumbnails
Click image for larger version

Name:	Larger TF 09-10 (15 Range)  8_27_2010-2.jpg
Views:	247
Size:	105.5 KB
ID:	19304   Click image for larger version

Name:	Larger TF 09-10 (15 Range)  8_27_2010-3.jpg
Views:	323
Size:	97.9 KB
ID:	19305  
Reply With Quote
Thanked by:
  #36 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,470 since Jun 2009
Thanks Given: 33,249
Thanks Received: 101,673


mahlonhersh View Post
Here are 2 possible scenarios for Monday.

Mahlon

No expert at pitchforks, but since price is already flying away from the top 100% line, doesn't this more or less invalidate the pitchfork?

Mike



Join the free Markets Chat beta: one platform, all the trade rooms!

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #37 (permalink)
 mahlonhersh 
Arizona
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: ES
Posts: 155 since Jun 2009
Thanks Given: 709
Thanks Received: 176


Big Mike View Post
No expert at pitchforks, but since price is already flying away from the top 100% line, doesn't this more or less invalidate the pitchfork?

Mike

I'm no expert either!! Just trying to learn as I go along.

You are right. Price has gone through the upper median line parallel. So I added the upper warning line to give some reference as to where price might go since there doesn't seem to be a hint of it turning around yet. Isn't this somewhat similar to making a reference target with fib projections?

Mahlon

Reply With Quote
  #38 (permalink)
 mahlonhersh 
Arizona
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus/Zen-Fire
Trading: ES
Posts: 155 since Jun 2009
Thanks Given: 709
Thanks Received: 176

An interesting article by Tim Morge about what to do with old pitchfork lines -

https://www.medianline.com/articles/Do%20You%20Recycle%20Your%20Old%20Lines%20or%20Throw%20Them%20Away.pdf

Mahlon

Reply With Quote
Thanked by:
  #39 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,177
Thanks Received: 6,020

The complete pattern is closed. This is the ES, the last couple of days:

Reply With Quote
Thanked by:
  #40 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,177
Thanks Received: 6,020


Friday follow up:

Reply With Quote
Thanked by:




Last Updated on December 30, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts