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the interpretation and application of price action concepts

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We all share a similar path in Trading. Even though you may not be a consistently profitable trader now, you can chose to enjoy the path. This alone may make the difference in your success.

 

 

SLIDING PARALLEL METHOD and 

OVERSHOOT/UNDERSHOOT METHOD

MEDIAN LINE/ANDREWS PITCHFORK 

[back to Andrews]   Overshoot Transfer Method/ Sliding Parallel by Tim Morge

The sliding parallel technique is a simple trendline drawn parallel to another trendline, in this case the ML or MLH, to define areas of support/resistance.

ES 15 minute. This chart illustrates both the sliding parallel technique and overshoot/undershoot method
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Here is a chart from Alan Andrews, creator of the pitchfork, using the sliding parallel SH, In this case the break of the sliding parallel initiated a SELL and a BUY.
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chart by Jerry
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chart by Jerry
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ES 15 minute 102003

 

 

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