Andrew Pitchfork

Salamunalaikum and greetings guys...


Still related to technical analysis, today I would like to introduce to you all, a technique or tool called Andrew Pitchfork...

The idea behind this Andrew Pitchfork technique is to identify market action within a reasonable time period ( high point / low point ) and draw a median line between the two (high and low) points.

One golden rule of Andrew Pitchfork is the market will (always or normally / ideally) contained inside the pitchfork lines and will also return to the median line once it reached the upper lines (high) or bottom lines (low) of the pitchfork.

The concepts of Andrew Pitchfork is not hard to learn but it is also not easy to master. The challenge of applying AP is to select / draw AP lines that best describes the current market action and respects the price.



Figure: example of Andrew Pitchfork Median Line on chart

Combined with other tools such as Fibonacci (retracement) lines and Elliot Wave tool, AP will help you to make much more sense of the price activity in any particular time.

All right, that is about it. Do forgive me if the explanation is not detailed and thorough as anyone would expect.

I know some of you wanted more than what have been explained up there.. so here are references to Andrew Pitchfork techniques for all to read... :P

• Andrew Pitchfork ( source - http://www.trading-naked.com )
• Trading CME Currency Futures Using Market Maps - ( source -http://www.trading-naked.com )
• Median Line - ( http://www.medianline.com/ - a great website by Timothy Moorge that discusses median line trading)

Ok..salamz to all

Happy reading, learning and trading...!!