Interesting price action on TRLG (weekly).
Andrews Pitchforks [2]
- Thread starter konviction
- Start date
It would be nice to see how you actually trade this stuff.
Then keep an eye on my journal thread ( http://www.elitetrader.com/vb/showthread.php?s=&threadid=213226 ) . This one is more for analysis.
Covered 250 for 1.33 + 322.50
btw these are sim trades to demonstate the use for forks. Real fork trades are placed on my journal.
For the rest of this thread, probably 99% of the forks from now on will be forex. I'm backtesting several systems and dont have time or the drive to flip through 100's of charts. Forex will be easier to follow because there are only a few major pairs to watch.
Here is a screen shot
Here is a screen shot
took e/u short here at the top of this energy point.
Stopped out.
Thought I'd dig this back up and post some charts just for old time sake.
The study of median lines is not very widely published or really talked about much. But if you're interested in learning more, watch these videos ( http://www.youtube.com/user/MarketGeometryVideos ). Tim Morge is the leading authority on median line studies which he learned from the original creator, Dr. Alan Andrews.
Eur/usd 4hr chart http://screencast.com/t/Q9tijy30
eur/usd daily chart http://screencast.com/t/dTZTnQH3
I'll post some more later.
The study of median lines is not very widely published or really talked about much. But if you're interested in learning more, watch these videos ( http://www.youtube.com/user/MarketGeometryVideos ). Tim Morge is the leading authority on median line studies which he learned from the original creator, Dr. Alan Andrews.
Eur/usd 4hr chart http://screencast.com/t/Q9tijy30
eur/usd daily chart http://screencast.com/t/dTZTnQH3
I'll post some more later.
usd/jpy daily http://screencast.com/t/7xGRjTvS
usd/jpy daily zoomed in http://screencast.com/t/8ZfSfmfl
Price has an 80% chance of hitting the median line (this has been backtested by Andrews, Tim, and others ). In the 20% of cases where price fails to reach the ML, price is expected to run further in the opposite direction.
usd/jpy daily zoomed in http://screencast.com/t/8ZfSfmfl
Price has an 80% chance of hitting the median line (this has been backtested by Andrews, Tim, and others ). In the 20% of cases where price fails to reach the ML, price is expected to run further in the opposite direction.