The basis for the Schiff fork.
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DislikedThe depth of misunderstanding on this hunk of cyberspace known as forexfactory.com is astounding at times. Does no one make it a point to study a particular technique or strategy before chiming in with an opinion?
Justcatalin has done just fine with his use of median lines. His(or her) explanation of Schiff and modified Schiff's are fine as well.
There are many ways to use pitchforks for trading and Justcatalin is sharing his interpretation. So let him share them without the commentary of right and wrong. Andrews would have nothing but positive comments about justcatalin's use. Instead of criticizing, why not try learning something.Ignored
Dislikedbunjow, You misunderstand. The balance line I put onto your chart is not a trendline nor subjective. As an MIT, professor, he was quite fastidious about such things. But, then again, you probably think center lines as well as action-reaction lines are nothing but subjective, too. Perhaps you should think before you speak, especially when you have no understanding of the subject at hand.Ignored
DislikedHi, do you have some source material on this, or where to find the material? I have not heard of the balance line and would like to study more. thanks in advanceIgnored
Dislikedbunjow, You misunderstand. The balance line I put onto your chart is not a trendline nor subjective. As an MIT, professor, he was quite fastidious about such things. But, then again, you probably think center lines as well as action-reaction lines are nothing but subjective, too. Perhaps you should think before you speak, especially when you have no understanding of the subject at hand.Ignored
DislikedI'm sorry if I offended you in some manner, but in regards to your rather abrasive posts towards me, I feel compelled to defend myself.
I have read Dr. Andrews course materials and have never once stated that his median lines/center lines/action reaction lines are subjective. To the contrary actually. It was traditional trendlines that are subjective. Please reread my posts.
While you may not consider your balance line a trendline, I do submit to you that since there is no mechanical way to plot that line, then that would make it by it's very nature subjective.
My only goal on this thread was to merely express my opinion that justcatalin's twist on the schiff lines was a great modification that really clears up the price action on the upper/lower lines.
Since my opinion is held by such distain from you, I shall refrain from posting to this thread anymore.
I wish you the best of luck with your trading.Ignored
DislikedI'm sorry if I offended you in some manner, but in regards to your rather abrasive posts towards me, I feel compelled to defend myself.
I have read Dr. Andrews course materials and have never once stated that his median lines/center lines/action reaction lines are subjective. To the contrary actually. It was traditional trendlines that are subjective. Please reread my posts.
While you may not consider your balance line a trendline, I do submit to you that since there is no mechanical way to plot that line, then that would make it by it's very nature subjective.
My only goal on this thread was to merely express my opinion that justcatalin's twist on the schiff lines was a great modification that really clears up the price action on the upper/lower lines.
Since my opinion is held by such distain from you, I shall refrain from posting to this thread anymore.
I wish you the best of luck with your trading.Ignored