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05/09/2008

Advanced APF Methods To Determine The Price Momentum

Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson, Conference Manager


Summary:

The Andrews Pitchfork or the Median Line method is basically a trend line system, used in a trending market to visually calculate a target.
It is nothing but a study of trend lines consisting of three parallel lines, which give the appearance of a Pitchfork.
The most important part of this concept is that prices typically make it to the median line 80% of the time.
Price always moves in measured channels, and the APF becomes the most effective tool to determine the extent of the anticipated moves, and subsequently to determine if the underlying momentum is changing.
Learn how to apply the APF in a different way to determine the momentum of price action.

Webinar presented by FibForex123 and FXstreet.com

Comments

Sonya

Have listened through few random experts presentations here, there are so many talking without useful info given.

Unlike this one. The author is genuine and without hype shares valuable info in a simple and effective way.

Thank you so much. Keep it up!

Sunil Mangwani

Hi Sonya,
Thank you for your kind comments. It has always been my endevour to keep things as simple as possible AND to concentrate more on price action, rather than indicators. The APF becomes an excellent tool to gauge price momentum. I am happy that you found this method effective.
Regards,
Sunil Mangwani

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