The Logic Behind the Pitchfork
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thread: The Logic Behind the Pitchfork

  1. #1
    Junior Member Jccp1962's Avatar
    4

    The Logic Behind the Pitchfork

    Hello,

    I am Analyzing some materials Concerning Dr. Andrew's Pitchfork. There are a lot of books and tools that explain how this procedure works but I haven't yet seen one source that states WHY it works.

    I have read someplace about connection between pitchfork and Newton's Law of Action and Reaction: For any action force there is an equal and opposite reaction force but honestly I can't make a connection between them.

    I don't feel that this is a consequence of self-fulfillment prophecy so can anybody explain this?

  2. #2
    Junior Member Jccp1962's Avatar
    4
    Thanks. Your article is informative. I think based on cycle concept, pitchforks are tools to measure waves' route.

    In case it helps the discussion here is a post I wrote showing how I used forks in GC on Friday....

    https://www.cliqforex.com/general-fo...803-trade.html

    beeb

  3. #3
    Junior Member ampi_gg's Avatar
    15
    Crucial Point,

    Thanks for the fantastic videos (the 10D narrative ): very informative.

    Now, I think I can understand your egy of 6D: although I cannot use it and I am looking for my own egy, but your pieces of ideas and suggestions are genuinely helpful.

    Should you form potential results into their own measurements, then you are entitled to speak of multiple measurements: so basically you already take into account all the possible scenarios into your coordinates systems, if you want.

    About a 4D hypercube, I think you can imagine a far simpler version, just adding colors to your own setup: I enjoy that video less, I don't like unnecessary hard. Have a 3D block, actually paint any point with a given colour: you have a 4D block, without all that mess. My opinion

    Trading-wise: the set of feasible configurations of a given block will supply you with enough material for one more dimension (price has some limitations and constraints, to be precise; on converse we can readily remove the positiveness, if you just count out of our buy/sell price: the price where we obtained in is my zero, to me and I refer to itso unfavorable prices are possible).

    About breakout and rebounding back: my method of proceeding (if it can be of any help to other people ) is exactly the reverse. Suppose I assert that from configuration A then B is very likely to happen. Where this assumption fails, search for all examples. When it fails, what happens?

    I believe the research of a border is in the research of failures, not to victories. Well, they're actually the same, however you need to measure all possible scenarios (your extra dimension, CP, if you want ).

    Well, back to work I have many results to analyze to do my homework.

    An extra thought: automatic trading might be very helpful at least in the researching part. Even when you are likely to trade manually, I think to have the ability to skim through years of occasions is definitely worth the extra burden.

    Only my 2 pennies.

    Due to anyone who took place in to Crucial Point for intriguing insight.

  4. #4
    Junior Member Jccp1962's Avatar
    4
    Thank you actarus. A article!

  5. #5
    Junior Member ampi_gg's Avatar
    15
    Mahdiquant,

    Due; glad you found it useful.

    Another notion which I would love to include; I don't actually propose something new, if you wish, just some suggestions to test ideas; not to be off-topic I will refer to Pitchforks.

    I am not knowledgeable about pitchforks, at all and to be frank I am not interested in these. But I actually enjoyed the conversation up to now.

    Can they work? How likely they will get the job done? I don't have an answer, but what I could add to preceding plots is I think to research a phenomenon (or to make hypotheses on cause-effect relations) one needs to first define the phenomenon in a surgical way.

    There's another interesting thread concerning MA crossing: does it work or not? The question itself doesn't make sense to me , for the way I believe, although I won't go into that. A question to me would be: does it work this set of prefixed rules?

    Be caution: prefixed set doesn't mean prefixed behaviour.

    After the reasoning of CrucialPoint, you've got to deal with additional'dimensions' (to name them according to him). No matter how you figure them name them you have to manage numerous scenarios, this is a fact. That's why I don't trust in pre-heated trading egies based on if A happens then B, since the entire sentence should be a decision-tree
    if A happens then B should otherwise C afterward, provided C had happened D if otherwise E or F. This makes more sense.

    Getting back to Pitchforks: you can find any logic and will make any system invulnerable if you just don't define it.

    Should I say MA crossing works in design that is trending, I will define the best system of the world. Caution: what's a'crossing' (between what and everything ), how do I respond, how can I manage opened places and what's a trend. You have to set this in an operative manner we return to base one: any rebound has a breakout. Today: how do you respond to it? Is it a one-to-one correspondence (under what conditions)? If it were one-to-one we would have an extremely simple edge: if rebound happens, put anything on breakout and vice-versa. Not exactly what occurs, but the point is: trying to find something tangible and completely defined under all probable scenarios, provide an estimate of risk (adverse scenarios) and select: Can you enter into the transaction? How can you manage it, As soon as you're in?

    Can pitchforks work? Maybe. First of allwhat exactly are pitchforks in a quantitative way! Even breakout ought to be defined in an operative manner how can you see whether something is a false breakout or maybe not? Under what conditions pitchforks do the job?
    With which likelihood to FAIL? As soon as you are in loss and are in, how long should you continue? As soon as you're in and in profit? But please define precisely (not necessarily mathematically, though it would certainly help) what you mean and how you measure itotherwise what works (or doesn't ). The burden isn't in assessing the capacity of producing an edge but in plastically redefine the methodology from time to time. You get a method that is wonderful: it is fair, if you do it a priori people do it a posteriori.

    Only my 2 additional (hopefully reasonable) 2 pips.

  6. #6
    Junior Member Yas3324's Avatar
    7
    After the rationale of, you have to deal with extra'dimensions' (to name them according to him). However you name them or figure them, you have to manage numerous scenarios, this can be a fact. That's why I do not trust in trading systems that are pre-heated based on if A happens then B, because the whole sentence needs to be a decision-tree.
    If A happens then B if differently C afterward, given C had happened D if otherwise E or F. This makes more sense.
    I'm glad you understood, let me borrow your term choice tree.

    Example of my trading decision tree (that's somewhat pre-heated, but unlike your normal trading platform you find all over the net ):

    First Pullback or ABC/123 formation
    1. Is your pullback with the trend or against?
    . . .with fad gt; continue to analyze setup
    . . .against fad gt;discard setup

    2. Is the setup in the start stage phase or ending stage of a fad?
    . . .beginning stage gt; good opportunity
    . . .middle stage gt; neither good or bad
    . . .ending stage gt; be quite cautious (Further decisions tree are set for this type of trades)

    2. Does the installation have enough quantitative force behind it (no matter what phase)?
    . . .Yes gt; input
    . . .No gt; discard

    3. Stop loss at 10 pips (That is because of me being a selective scalper trader. I've researched the fulcrum regarding measures that are qualitative of my trading system, 10 pips is not a random number for my trading platform. Any other scalper shouldn't require a 10 pip stop loss without even comprehending their standing.)

    4. What is the equilibrium of price after entrance, did price hit 5 pips or -5pips?
    . . .5pips gt; go
    ...-5pips gt; decision tree gt;
    was it a sharp movement or a slow gradual transfer to -5pips?
    . . .sharp transfer gt; Exit trade at -5pips
    . . .gradual move gt; move prevent loss at 7.5pips

    5. Has price hit on 10pips?
    . . .Yes gt; move SL into 1pip
    . . .No gt; proceed

    6. Has price hit 50pips in under 7minutes (7min is not any arbitrary amount for my trading platform )
    . . .Yes gt; Exit
    . . .No gt; proceed

    My cross-roads choice tree is executed in this point

    Exit is determined which parameter happens first
    * price retracement at a specific degree
    * quantitative force has depleted to a certain degree

    7. Has Price is your force in a depleted level or retraced into a certain %?
    . . .Yes gt; Exit
    . . .No gt; Move

    8. Has price hit on 200pips in under 1.5hrs?
    . . .Yes gt; Exit
    . . .No gt; compute where is price according to my 4th measurement

    9. Is price within/outside range of my dimension?
    . . .Within gt; Continue to implement Cross-roads choice tree
    ... External gt; Proceed stop reduction to the 4th dimension level
    Continue to trail price while outside the 4th dimension level till it moves within and then refer back to the Cross-roads.

    10. The joker dimension will show up at any unforeseeable time.
    . . .Continue with decision tree as long as price is outside the 4th measurement
    . . .Exit once the next Joker occur, even if price is outside the 4th measurement

    11. Is my trade likely to run via a news release?
    (Further decision tree are set with this particular situations )

    12. End of trading session?
    . . .Yes gt; Exit
    . . .No gt; continue to exchange

    ===========================
    Well there you go ladies and gents, now you get a glimpse of a genuine professional trading platform: the key crucial point is that the quantitative force, a lively entry and the next crucial thing is that the lively depart. Notice that I have at least 12 lively exit egy put in place apply it

  7. #7
    Junior Member ampi_gg's Avatar
    15
    Vital Point, explanation. Thanks.

    I do not have a trading system, but the one thing I am pretty sure is that it has to adapt and adjusts on various scenarios. Your posts have been really informative and this one is explanatory. I am glad it seems I was on the ideal track.

    Well, I have enough meat to grill my notebook, today. That's for sure

  8. #8
    I#8217;ve been using/studying the fork for nearly 3 years now, it#8217;s my primary/only indior, next to market structure. I may not better describe than the science behind them others. But, I can say that if one knows how to wield them, they may be deadly accurate in terms of low risk entrances and probability TPs. However, not an easy tool to have a grip in the beginning, but the effort I#8217;d say.

    The attachment shows the probability price will reach the next ML as extracted from grain markets.
    http://le-blog-de-reklats.over-blog....-30572730.html
    .

  9. #9
    Junior Member Jccp1962's Avatar
    4
    CrucialPoint and PeterE! Thank you for your posts!
    Very insightful!

  10. #10
    Junior Member pupkalberpk's Avatar
    7
    Mankind was (objectively) quantifying it for centuries.

    Anything that has been transcribed unto the concrete (a bit of newspaper ):

    here's a brain wave

    A seismic graph

    An E.C.G.


    (Some might get this and some won't) Here I drew a chart without thinking. It was just scribbled by me. I suggest you grab a piece of paper a scribble a chart without thinking. And now, look at the chart... [color=Navy][b]Is the chart a random...
    Has anybody ever looked to the brain wave patterns or associated studies of successful traders? Does such testing exist? . . .Auxesis also said something about traders. . .not having the emotional resources to hang there.... Can it. . .the trader's mindset/temperament... be developed by anybody?

    RE: Pitchforks. Agree with Beeb. . .my number one trading tool!

    FX4

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