iCharts Discussions

[svkum]

APF = andrews pitchfork method is about locating support and resistance with respect median line and upper and lower trend lines.
Median line in max times guides us the tgts .

For constructing APF , locate pivots as lower low, high, and next low
join the high and low , and draw a line through the center point of line joing high and low.
also draw parellel to median lines at high and low points
now this becomes a fig of pitch fork.
lower line will act support
median line will act as center of attraction line , upper line will act as resistance.
ITS observed that 80% of the occasions this style has success.

NOW attaching a chart for nifty and the pivots P0, P1,P2
WE GET P3 AS TGT
NOW DRAW a line P1,P4 THRU -P2,P3-
WE are yet to get the trend reversal, but tgt is 4968, as it looks '
this tgt may cross upperside , may reverse to lower channel line .
this chart is self expalainotery.
we can draw many big small pitchfork to arrive at possible tgts , supports , resistances
I will have many more charts to explain this criteria.

[jjm]

Guruvarya Pranam!!

Enclosed for academic Interest

Regards,

JJM

[bharatpatel]

Dear JJM,

You have posted very nice details.

Pls keep posting.

[svkum]

jjm - YES I WAS TO POST THIS THEORY BASED ASPECT BEFORE POSTING A CHART, BUT THOUGHT CHART WD EXPLAIN ALL.

THANKS FOR TIMELY POSTS

ARE YU SPEAKING FROM INDIA OR DUBAI ??

[svkum]

banknifty charts in 30tf
see many tgts are reached with this apf method, lower one and higher one also.

for down trend -connect higherhigh-to next majr high low link at midpoint and extend

for uptrend -connect lowerlow to next major low high link-at midpoint and extend

this method can be applied to any tf , any chart

[svkum]

NOW LOOK AT RELINFRA CHARTS
AS PER MEDIAN LINE ,TGT IS ALMOST REACHED, MAY EXCEED , OR REVERSE.

[vishyvaranasi]

Hi SVKUm,

Can u pl. elaborate the method with a chart that hasnt reached any tgts by plotting P0,1,2. Fo ex. a chart of bank baroda.

Vishy

[svkum]

vishy it has abt 80% success, why pick up failed canddates , look for opportunity which will have success.

[amit0666]

hi svkum when to enter in trade and what is sl when enter plz explain

[vishyvaranasi]

[sherbaaz]

below is the chart of nifty future 30 min with pitchfork.

it has yet not touched the median line.

regds,

[svkum]

moves in both the directions are indicated .

[Arjun20]

[svkum]

yes ,it seems so.

[bharatpatel]

Dear Svkum,

This system needs to notice the chart carefully but your BB 10 formula is super hit. Is there any modification in BB 10 ? you are not posting anything on BB 10. but anyway new guys will definately benefit from your posts on any topic.

pls keep it up

regards