Swing trading with Andrew's pitchforks and volume analysis journal

A friend advised me some of you may appreciate looking at some clearly explained charts and analysis...Hope you enjoy. Any comments good or bad are welcomed. I use pitchforks to get the general path of price and trade off them as support and resistance.

Each market has a frequency of it's own, it's just a matter of tuning into it and letting the lines show you the way.

Still looking at volume on a weekly and daily basis, but these harmonic patterns on the 15 and 60m time frames are too consistent to overlook...

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It's been a few years now, things change people grow, new information comes to light, new tools, etc. and what I've come to learn about the markets is that all we can do is try to put the odds in our favor and use good money management. Probability -- we always hear about it but what gives us that probability/edge to successful trading? Basic market dynamics...have to give some props to Barry Burns put it pretty simply. Trend, cycle, momentum, supp/resis and fractal. These are all pieces of market dynamics that gives your trade probability...even if the stars align and you're doing 80+% trading putting the probabilities on your side, you are still going to fail/get stopped out 20% of the time. Now put that on a scale 100 trades...what are you going to do when those 20 losing trades line up together (drawdown) -- UHH, you just have to know it's part of the game and can you deal with it mentally so that you can get in there to enjoy the 80% winners. Psychology plays a huge role in successful trading. Tim Morge says it pretty well, Master yourself. Discipline, do you have it...even when it hurts during drawdown? Just some food for thought...good trading all.

Here's the screenshot sorry about the link...

It's late and I just threw this up there but there will be plenty more to come. Feel free to send any questions my way. I enjoy the banter. Thanks. I've been looking mostly at the USD pairs here lately and I do some correlational stuff with the futures markets in the DX, OIL and ES contracts. For got to mention along with pitchforks and volume I"m looking at some Elliot wave principle and momentum usually RSI. Here's an other one I marked up for my brother since he likes to trade stocks...

Here's a look at a Modified Schiff fork on the EU.

usdUCHF? I'm getting up to early for this .... lol.

are u holding any position right now?

yes I will probably hold this one through the weekend if possible.

some upward movement if possible, take care and choose the short right. I would not jump in short before at least 1.3420, better at 1.3450 depending on pa

Really don't know what to think about that other thread...is it always like that?

I appreciate some actual constructive feedback. That other stuff is a joke.

Definitely technical signs of a bounce as price moves up how high?... I don't know. I've started using sell stop orders under market as price rises in this down trend on lower volume and caught the trendline break selloff...Using 20 pip initial stop and 20 pip trailing, especially if I'm crashing over night to give it some room....and it's worked out pretty well so far till the morning when I can manually put my stop where I like.

I'm short the EU currently and long the usdCHF, and usdJPY...missed the turn tonight in the yen...that trade has really trickled along and finally made some nice gains today just to give it all back tonight...intervention anyone?

looking like the other usd pairs potential pullback here...

this trade has been very fickle...not much luck with yen, but I'm still holding by long position...potential long off trendline support tonight.

Short aussie on pullbacks...very weak this one.

This one looks weak as well...stay short sell rallies.

like all the rest downtrend well intact...look to sell rallies on lower volume at resistance.

woulda coulda shoulda...lines are still in play here.

I use ninja trader...you reall need one with all the functionality or you are just going to be spinning your wheels...

hey sir, perhaps u can show us a method to draw one manually?

thank you, id love to see your trades based on it

1st you need to pick out your A.B and C points and those can be any 3 consecutive swing points on any time frame actually. I suggest using anything from the 20 min time frame and up...

A downsloping fork you will pick swings from A the high to B the next swing low, then C the next significant swing high and the reversal will be true for an upsloping fork....swing low, swing high, swing low. You will use your line segment tool to draw a straight line from point B to C, then another one from point A through the midpoint of line segment BC...that will be your slope of the fork and "median line". Now you can simply copy that line and drag a parrallel out to each swing at points B and C so you have your pitchfork configuration. Now finding the midpiont of BC may be difficult if you don't have something to measure that, but I've used my fibonnacci tool before simply drag it from B to C and the intersection of the 50% line over BC will give you the midpoint.

EU is pulling back nicely I would wait till volume slows or you get a trendline break to add to short.