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Medianline

IWM - P5 arrived? If so, we bounce!The #IWM has traded in a wonderful way. Watch how the #Medianlines , the whole #Pitchfork provided support, resistance and - if you know the rules, how they could be applied to make some $s. However, we arrived on the P5, which is potentially morphing to P0 for the next move to the upside. Alltough I personally don't believe it because of this market environment, chances are high. ...can you hear the emotions nagging on me to un-follow the rules? §8-) If we open next week below the L-MLH, we would trade further down to the WL (Warning Line). As far as my trades are designed, I risk tiny and try to let them run by following the rules and Money-Managent. #iwm #medianline
AMEX:IWMLong
by Tr8dingN3rd
ES1! - S&P 500 Too High Too FastFrom yesterdays session, they strangled the S&P too high too fast. This will probably lead in a nice short micro crash to the center line. Do you see the daily chart? Price is exactly at the center line, and a 50% warning line confluence. Price just follow the rules of the Andrews Medianlines: "If price breaks through any Medianline, it pulls back to it, before continuing it's path." This would indicate that price, even on the daily chart, would decline further. And chances are, that the short term trade to the red center line contains a high chance to work out. Details: - price opened outside the orange pitchfork = price is reversing (south) - a test/retest up to the L-MLH of the orange pitchfork is highly possible, even above the last high of 3973.75. - the stochastic is in overbought territory, preying to relieve some steam The Trade is cooking. Now there's nothing else to do than wait and observe. Happy Friday everyone.
CME_MINI:MES1!Short
by Tr8dingN3rd
1
Oil Futures (45) Long Gap ReversalPrice runs up out of a relative low, Buyers step up and try to make a new high and confirm the major reaction Leg. Sellers holding at the high and pullback into a major reaction, buyers step up to the consolidation at the centre of the impulse leg up and make a new high. Buyers try to step up, break outs get washed and pulls back to re-test the minor confirmed low. Price finds orders and begins to consolidate, sellers press price into the buyers, they try to hold and expand up into the press before getting rejected with a WRB gap down. Minor confirmed low gets washed, price expands into the relative major pullback and zooms back through the sellers to land on the backside of the WRB gap down. Trading the major impulse leg back to balance. Push of the press up
NYMEX_MINI:QM1!Long
by AleMeo97
BTC 3D time frame market map. Key points: - Price has test and retest the lower parallel line (Price typically runs out of energy at the reaction line) - Price is in a range and needs to decide direction before we can make our trade decision. - Price is above the 200 moving average for over 60 days. - Overall on balance of probability, price should go higher from this point but we cannot place any trade as it is in a range and has a 50/50 chance of going either direction. When we follow our plan we eliminate impulse trading so make sure you design a method to have a peace of mind. Good luck.
by PBOCapital
SOl, revresed at median lineprice reveres at median line with a great precision, and now have created a lower low compared to previous market structure (sign of weakness), we have 2 short setups that can occure, one is aggressive and the other one is alot safer, you can either try test/re-test strategy and get short on the next touch on the energy point for a 1 to 6 R:R or wait for the hagopian line to break and enter on pullback (of course it's reached the ML and cannot be counted as hagopian but in my backtesting i've seen if the trigger line breaks, it can act the same in most cases), then your target would be pivot C which hits most of the times. feel free to share your ideas, thanks!
Short
by TheCryptoFork
ES - S&P 500 - Profit P5 Is CommingWonderful how the Count 0-5 works out. At P4, price should reach the U-MLH. But instead it turned south, leaving a void up to the U-MLH, which in a Pitchfork-Trader term is a "Hagopian". The Rule Of Dr. Hagopian: Price will move more in the opposite direction than from where it came. In this case, price came from the CL (Centerline). And therefore price moves beyond the CL, which it did. Another beauty how the rules of a Pitchfork-Trader work. It's just great to know that they work with a super high probability. Not everytime, but more than enough to print $ §8-) OK, now what? Well, when price went below the CL again, it zoomed through. After a Zoom we expect a pullback. And it did. Another rule that worked out. After the pullback, price got rejected. And there it lies in front of us, the final target P5. This P5 of course can be much lower than in this screenshot projects it. However, after price reaches P5, prepare for P0 (zero). P0 again? Yep! After a P5 the full Swing/Pivot process has played out, and we start from new, just in the opposite direction. It's kinda printing money like the FED - just without lying and megalomania (also known as delusion). I hope this makes you curious to trade with Pitchforks. They're just a tool. But when used in the right context of your trading, they will be PLATIN for your profits... and nerves too §8-) Stay save out there. #ILoveThesePitchforksLikeSwissCheese
CME_MINI:MES1!Short
by Tr8dingN3rd