Median Lines

FetteredChinos

Veteren member

Messages

3,897

Likes

40

• Jul 15, 2005

• #1

Found this on my travels recently.

looks quite interesting, and eyeballing live charts currently it seems to have merit....


would be good to see what others think about it.

FC

 

Attachments

• 1ml.pdf

  113 KB · Views: 3,080

FetteredChinos

Veteren member

Messages

3,897

Likes

40

• Jul 15, 2005

• #2

and as an example, we would have triggered a short on GBP/USD at 1.7610 just now.



again, its a case of finding an exit to make it work though.


FC

 

Attachments

• 
  example.gif

  34.1 KB · Views: 472

FetteredChinos

Veteren member

Messages

3,897

Likes

40

• Jul 15, 2005

• #3

hmm, well that one didnt work out lol... 1.7620 and the line broken.

seems similar to Reversal Magic in its concept...

might start googling.

 

trendie

Legendary member

Messages

6,875

Likes

1,433

• Jul 15, 2005

• #4

I did go short at 1.7610 !!
but for different reasons.
isnt this similar to wolfe-waves ?

 

FetteredChinos

Veteren member

Messages

3,897

Likes

40

• Jul 15, 2005

• #5

its basically Andrews Pitchforks...

i thought i had seen them elsewhere..

http://www.medianline.com/andrews_intro.html

http://www.trading-naked.com/andrews_median_lines_faq.htm

 

JillyB

Established member

Messages

791

Likes

38

• Jul 15, 2005

• #6

Looks like the short was correct though FC. It's just tumbled down. Hope you hung in there. :cheesy:

 

FetteredChinos

Veteren member

Messages

3,897

Likes

40

• Jul 15, 2005

• #7

lol sure did.. am short as per my coin toss a couple of hours ago..