Hi
Starting this thread to share information on the method of trading with Median Lines,also called as Andrews pitchfork.It has been called as one of the leading indicators which can be used to predict high probability price targets .Combining it with trading rules / money management the method can be used as a good system.It can be used in all time frames, and gives very good entries and exits for positional trades.
The method is suitable for traders who prefer to use charts for their technical analysis for calculating their levels.It's basically a VISUAL method with price patterns against systems which use Numbers / ratios for finetuning levels.
Median Lines can be used in combination with Fibonacci ratios very effectively for trade setups.
I have learnt about this interesting system over the years with information on the internet and trading with the concepts and setups which I have evolved from the knowledge.The system performs well as in any other system only when we trade with rules , stoploss mechanism and money management.
Let me move on to the basic concepts..
Starting this thread to share information on the method of trading with Median Lines,also called as Andrews pitchfork.It has been called as one of the leading indicators which can be used to predict high probability price targets .Combining it with trading rules / money management the method can be used as a good system.It can be used in all time frames, and gives very good entries and exits for positional trades.
The method is suitable for traders who prefer to use charts for their technical analysis for calculating their levels.It's basically a VISUAL method with price patterns against systems which use Numbers / ratios for finetuning levels.
Median Lines can be used in combination with Fibonacci ratios very effectively for trade setups.
I have learnt about this interesting system over the years with information on the internet and trading with the concepts and setups which I have evolved from the knowledge.The system performs well as in any other system only when we trade with rules , stoploss mechanism and money management.
Let me move on to the basic concepts..