Get started

Medianline

[Modded] London Breakout pt II*This is not a signal. Trade at your own risk.* Here's an update on the setup. Same basic S/R rules, ignore the wicks, 1HR chart. H/L S/R is determined at the first hourly reversal. Median line is used in conjunction with indicators to determine probability of direction. Blue arrow: Daily open at 1700 (Ignore the 1600 processing hour) Yellow arrow: Breakout (Looking for closing prices either above or below the S/R within the first 8 hours.) Green check/ Red X: Daily close at 1500 win/loss. See for yourself. Leave your comments. FX:GBPUSD
by LoonKnight
[Modded] London BreakoutGoing back to a simpler time of S/R. Identifying the day's first H/L from open to close (Blue Arrow; Around the first 5 hours) until either side breaks out (Yellow Arrow), mixed with directional indicators seems to point at a 70% chance of success by processing hour. (Green Check for a win or Red X for a lose.) Not so much in the range but I suppose it's worth a shot sometime next week. Nothing fancy, just get as close to the price open/close, and away from the wicks. Try this in demo. FX:GBPUSD
by LoonKnight
BTC Pitchfork Analysis: Attractive short-term buy area Price has greatly respected this pitchfork, and it has served as a useful guide. Here we see that the .5 - .618 area has served as a strong support and resistance zone in the past. As of writing, the 7,400 - 7,500$ area falls in this range and is where price becomes more likely to bounce and test old highs. In my opinion, target points from longs taken in this area should be extremely conservative, with 7,800$ serving as a maximum with profits taken along the way. Although a long becomes attractive in this price area, stop placement is tricky. Previous price action around the .5 - .618 area suggests that stops just below the .5 line are likely to be triggered with price only to reverse and test the .618 area, at the very least. The next attractive area to place a stop is beneath the line-of-best fit ( The red solid line on the chart; calculated via linear regression starting from the all-time-high) or the dotted trend line. However, placing a stop loss beneath these areas reduces the reward-to-risk ratio to unacceptable levels (less than 2:1). Price becomes more likely to bounce and test old levels as price approaches the line-of-best-fit and at the dotted trend line. Although the red circled area on the graph above highlights the first safe area to go long, it might be wise to cost average in. The long could be split up into three buys: At the .5 - .618 area of the pitchfork, the regression line from the all-time-high, and the dotted trend line. A reversal from the line-of-best fit or the trend line would likely allow price to rise to a break even point, as price decreases past this point without retests of prior levels is unlikely. :Note that the line-of-best fit on the chart above is dynamic and changes with time. You will have to use the regression tool in tradingview to be sure of where it currently resides.
COINBASE:BTCUSDLong
by TheChartmergeny
PITCHFORK - Forex NZDUSD Weekly Analysis March 6th - 9th 2018BUY NZDUSD Area: Pitchfork Lower Line Channel Pitchfork - Ascending Entry: Lower Line Target Profit: Median Line Next Target Profit: Upper Line (Next Week 12th - 16th , 2018) Stop Loss: Break Lower Line Reward Potential: Risk: Setup Guide: 1. Expecting this week target price to hit median line on ascending channel . 2. You may lock profit here ( median line ) or next probability target to hit upper line pitchfork .
Long
by ap8forexchange
PITCHFORK - Forex GBPUSD Weekly Analysis March 5th - 9th 2018BUY GBPUSD Area: Pitchfork Lower Line Channel Pitchfork - Descending Entry: Instant / 1.38100 - Lower Line Target Profit: 1.38700 - Median Line Next Target Profit: 1.40200 - Upper Line Stop Loss: 1.37500 Reward Potential: 210 pips Risk: 60 pips Setup Guide: 1. Expecting this week target price to hit median line on Descending channel . 2. You may lock profit here ( median line ) or next probability target to hit upper line pitchfork .
Long
by ap8forexchange
PITCHFORK - CFD XAUUSD Weekly Analysis March 5th - 9th 2018BUY XAUUSD Area: Pitchfork Lower Line Channel Pitchfork - Ascending Entry: Instant / 1326.000 - Lower Line Target Profit: 1334.000 - Median Line Next Target Profit: 1372.000 - Upper Line Stop Loss: 1315.000 Reward Potential: 4600 pips Risk: 1100 pips Setup Guide: 1. Expecting this week target price to hit median line on ascending channel . 2. You may lock profit here ( median line ) or next probability target to hit upper line pitchfork .
OANDA:XAUUSDLong
by ap8forexchange
2
PITCHFORK - Forex EURUSD Weekly Analysis March 5th - 9th 2018BUY EURUSD Area: Pitchfork Lower Line Channel Pitchfork - Ascending Entry: Instant / 1.23000 - Lower Line Target Profit: 1.25000 - Median Line Next Target Profit: 1.27500 - Upper Line Stop Loss: 1.21500 Reward Potential: 450 pips Risk: 150 pips Setup Guide: 1. Expecting this week target price to hit median line on ascending channel . 2. You may lock profit here ( median line ) or next probability target to hit upper line pitchfork . 3. Momentum in Euro is still high
Long
by ap8forexchange
PITCHFORK - Forex USDJPY Weekly Analysis March 5th - 9th 2018SELL USDJPY Area: Pitchfork Median Line Channel Pitchfork - Descending Entry: Instant /105.600 - Median Line Target Profit: 103.400 - Lower Line Next Target Profit: NIL Stop Loss: 106.500 Reward Potential: 220 pips Risk: 90 pips Setup Guide: 1. Expecting this week target price to lower line . 2. Risk Sentimen on YEN (Risk-Off Trade) . Bear in control . 3. DXY 0.04% quickly reverted the recent upside and dropped to sub-90.00 levels . 4. Trump-related headlines, JPY-buying keeps weighing on USD .
Short
by ap8forexchange
PITCHFORK - Forex EURUSD Weekly Analysis Feb 26th - Mar 2nd 2018BUY EURUSD Area: Pitchfork Lower Line Channel Pitchfork - Ascending Entry: Instant/1.22900 - Lower Line Target Profit: 1.24900 - Median Line Next Target Profit: 1.26500 - Upper Line Stop Loss: 1.22500 Reward Potential: 360 pips Risk: 40 pips Reason: Last weekly analysis hit our target price on median and made reversal on median line descending channel. (refer last week analysis) Expecting again this week target price to hit median line on ascending channel , you may lock profit here or next probability target to hit upper line pitchfork .
Long
by ap8forexchange
PITCHFORK - Forex GBPUSD Weekly Analysis Feb 26th - Mar 2nd 2018BUY GBPUSD Area: Pitchfork Lower Line Channel Pitchfork - Ascending Entry: Instant/1.40300 - Lower Line Target Profit: 1.42600 - Median Line Next Target Profit: 1.45600 - Upper Line Stop Loss: 1.39000 Reward Potential: 530 pips Risk: 130 pips Reason: Last weekly analysis price unable to reach median line and made reversal and break upper line. Opportunity to trade outside the line (refer last week analysis) Target price to hit median line , you may lock profit here or next probability target to hit upper line pitchfork .
Long
by ap8forexchange
DXY US Dollar Index Weekly Forecast2 Situation here from pitchfork technical analysis The dollar was higher across the board as Fed Chairman Powell stayed in line with existing stance regarding monetary policy, but somewhat hawkish tone firmed the greenback, which lacked spark for stronger rally, expected on more hawkish tone from the testimony. However, dollar’s recovery attempts may run out of steam as Powell did not provide any signal of more significant steers in the US monetary policy, regarding increasing pace of tightening in 2018. 1. Pullback from Median Line to Lower Line signal a weakening momentum. 2. Price break Median Line would generate stronger bullish signal.
TVC:DXY
by ap8forexchange