Understand what this is and how to incorporate it into your own trading. BREAKING DOWN 'Andrew's Pitchfork' The chart shown here makes it clear why this indicator is called a pitchfork. The first point drawn on the chart forms the handle.

The Andrew’s Pitchfork Strategy, also known as the Pitchfork tool is a rather unique trading tool that is widely used among price action traders. Defendu Fairbairn. Developed by Alan Andrews and Roger Babson, the Median line or Pitchfork is based on Newton’s laws of physics, most importantly the tenet which states that prices which are in motion tend to react and move in the opposite direction when acted upon by external forces. The Median line tool is basically built on the principles of trend lines and is used to dissect a parallel trend line, thus giving rise to the famed pitchfork pattern. Claim Your $60 No Deposit Bonus Here All you need is to have your live account verified!

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Andrew’s PitchFork Strategy – How to Set it Up! Traders need to locate three reference points on the charts, or pivots. High – Low – High or Low – High – Low in consecutive waves. Once these pivot or reference points are established (which can be highs and lows of price) the Median line is projected accordingly. Thank you for your readership. We are truly grateful!

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Check it out! The following charts illustrate an upward rising median line and a falling median line.

Falling Pitchfork, drawn by connecting High-Low-High Rising Pitchfork, drawn by connecting Low-High-Low As shown in the above two charts, once the Median lines are dawn, the next step is to look at the rules defined by Dr. Andrew’s PitchFork Strategy Trading Rules Dr. Tweets • EURGBP Price Action Analysis – 26th Jan 2018 Free Forex Trading Signal • XAUUSD Price Action Analysis – 25th Jan 2018 Free Forex Trading Signal • GBPCAD Price Action Analysis – 24th Jan 2018 Free Forex Trading Signal • EURAUD Price Action Analysis – 23rd Jan 2018 Free Forex Trading Signal • USDJPY Weekly Forex Forecast - 22nd to 26th Jan 2018 • GBPUSD Weekly Forex Forecast - 22nd to 26th Jan 2018 • EURUSD Weekly Forex Forecast - 22nd to 26th Jan 2018 • AUDUSD Weekly Forex Forecast - 22nd to 26th Jan 2018. Disclaimer There's always a disclaimer in websites. But instead of having the usual legal terms drafted by lawyers, we are just gonna put this in plain English as we like to be casual.

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