I don't pretend to fully understand Erebus' strategy but I'll take a stab at your intention. MAs lag price and relying on them to provide signals in my experience is futile. Too short and you get whipsawed. Too long and the signal is too late. The ...

Operational Time Frame H1 - Looking for Solution

MA crossover methods are visually seductive but fail to deliver due to their inherently lagging nature. The smaller the time average of the lesser MA the sooner the crossover will occur. However, the number of false signals will increase. And ...

Operational Time Frame H1 - Looking for Solution

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(binned per thread starter’s request) Powerful is the Fork

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(binned per thread starter’s request) Powerful is the Fork

Mr. Perry says he has given you permission to use "the terminology" and speaks of you as a client of his website of which you've also said so. You put yourself forth as a victim, as you say "being thrown under the bus" which I know not the meaning. ...

King of Supply and Demand

Hey HG. Nice to see you prowling these threads again. Did you know that terms like "WRB", "hidden gap" and other similar terminology is protected by something called DMCA? Yea. Who knew? Seems that you use the terminology without fear so thought you ...

King of Supply and Demand

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(binned per thread starter’s request) Powerful is the Fork

Here's an example of a couple of median lines where it seems price is respecting diagonal support and resistance. Notice the amount of data this chart contains but this is typical of what some will post. It will be said that a median line is valid ...

(binned per thread starter’s request) Powerful is the Fork

Median lines will not always line up as they did in the previous posts. Often the projections fail and price turns. However even this occurrence can be use to advantage. What happens at the center line of a median line often provides clues to price ...

(binned per thread starter’s request) Powerful is the Fork

We're going back to the previous swing to show the value of the median line that projects a corrective leg. Here the red median line is drawn using a corrective leg as A to B. Pivot C is the end of the impulse leg and the beginning of the next ...

(binned per thread starter’s request) Powerful is the Fork

This chart shows a median line drawn using the impulse leg A to B and the corrective leg B to C. Of course this is drawn in hindsight but let's learn. First this median line can only be drawn when pivot C shows itself. One will often be wrong when ...

(binned per thread starter’s request) Powerful is the Fork

Applying median lines or Andrew's Pitchforks to trade can seem daunting. Do a search and you'll find many possible ways to apply median lines. Using the basic elements of a trend can be helpful. First what are the basic elements of a trend? ...

(binned per thread starter’s request) Powerful is the Fork

"All we need is just one reasonably good trader". You're just trolling for a decent trader so you can run a signal service or something similar. I knew I smelled something rotten. Your venture is commercial in nature and should be in the ...

The brutal truth of day trading

My post has only one intention and that is to point out with raw numbers the near impossibility of a trader being able to consistently achieve a 5% return. My only response to someone who claims they are doing this or that they can do it or that it ...

The brutal truth of day trading

Since we are talking about a 5% average then some trading days will yield less than 5% and some days will need yield more than 5% to make up the losses and keep the 5% average return. No matter how you do it the assumption must come out to a 5% ...

The brutal truth of day trading

Every-one is doing it but multi-time-frame analysis is probably one of the number one reasons traders lose. They use time frames like another indicator because they have little or no grasp on price action. Erebus has a grasp on price action and ...

What best indicator to entry signal and TREND?

EURGBP 60 minute chart: Price trending down overall. Note LLs and LHs. Last swing in the trend denoted with blue ML drawn L-H-L. Previous swing denoted with pink H-L-H ML. Given the blue ML price projects to the ML and has not reached it yet. Given ...

Andrews Pitchfork (Median Line)

EURGBP 60 minute chart: Price trending down overall. Note LLs and LHs. Last swing in the trend denoted with blue ML drawn L-H-L. Previous swing denoted with pink H-L-H ML. Given the blue ML price projects to the ML and has not reached it yet. Given ...

The One: Price Action and Reaction

EURGBP 60 minute chart: Price trending down overall. Note LLs and LHs. Last swing in the trend denoted with blue ML drawn L-H-L. Previous swing denoted with pink H-L-H ML. Given the blue ML price projects to the ML and has not reached it yet. Given ...

(binned per thread starter’s request) Powerful is the Fork

Hello Merka, I hope you don't mind my comments. Your chart contains a very large amount of data (zoomed out) and the ML you've drawn is on a very small portion of that data at the far right. The only data relevant is that which your ML is attempting ...

The One: Price Action and Reaction