It's my own blend of Morge/Wyckoff with an eye on Adam H. Grimes, who's very grounded when it comes to avoiding being fooled by randomness. I keep an eye on key levels as well (previous day's high/low and few others) to see how we behave when we get there.
What I've boiled down my vision to, for now, is that the bulk of technical analysis is a mere tool without much meaning in itself, to help one visualize what he already thinks he's seeing from pattern recognition, which comes from experience alone. I contend that one doesn't use most technical tools the same way after a couple thousand hours of screen time than without trading experience, because the tool's more like reading glasses: you need to know how to read first. You can tell when you look at Morge's trades, that he's a good price action reader on a naked chart first and foremost, which is why some people can't always understand why he chooses one tool over another: he already knows what he's looking for without it, and it just gives him a confidence boost to nail more precise entries and realistic targets.
Specifically about median lines, the Andrews median (center) line itself carries the most value, as it literally shows you a hint of where the next swing high/low might be if behavior continues in its most recent state. The parallels are nice to the extent that price often reverses there for a while, especially Modified-Schiff which are really just parallel trend lines with a median. So when I use forks, I use MS when I look for continuation and straight Andrews when I look for a multiple-bottom (or top) reversal, but in both cases that's when I'm already stalking a setup.
Back when I just slapped forks on a chart on meaningless pivots expecting the forks to "tell me where price will go", I got nowhere. Obvious in retrospect. Now, as a hint of where to put my entry limit and exit when things start moving in a way I understand "naked", they're actually helpful.
Sorry this ran long. There's so little talk about that stuff, I got excited.
no need to apologize, appreciate the post. That makes more sense, i.e., having some kind of framework in mind before applying the tool. What I like about the forks is that they allow for entries that fly in the face of typical TA...
Any other losing trade charts to share?
