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Attachments: DOW - PA, Stops and hedging
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DOW - PA, Stops and hedging

  • #681
  • Jan 21, 2025 11:37am Jan 21, 2025 11:37am
Quoting 2be
Positive day for the DOW During the NYSE session a move from D pivot towards mR2.mR2 not reached yet. close longs above 43900 around 30 long trades during the us session alone, waiting for the WH announcement, taking it easy, done my trades for this session {image}
mR2 has been reached
Make sure losses are small and profits are bigger!
  • #682
  • Jan 22, 2025 10:12am Jan 22, 2025 10:12am
Not much new to post from me, the only thing is that I have tighten MAs to the pair of shorter ones (Smoothed MA5 - Smoothed MA5 Shifted forward 5 creating a channel, a kind of simplifies William's alligator) Have also kept smoothed MA13 shifted 8, HL/2, some would recognise it as the one used in Alligator for angulation, I like that type of "divergence"
In trendlines department, apart from the basic ones I draw Schiff Pitchfork, use it on Higher TFs and have to draw it manually with Standard Deviation set up.
Andrews Pitchfork has its uses, for trend continuation is much too steep for me, so I use Schiff Pitchfork which I draw manually, utilising the fibs of the first impulsive, I do that type of preparation on higher TFs. Useful info available on internet, so please check it up
link below explains how one can draw it manually, one can use box or Fib, which I use.
Inserted Video
Make sure losses are small and profits are bigger!
  • #683
  • Jan 22, 2025 10:14am Jan 22, 2025 10:14am
DOW is closing gap to the last session close
shall go long soon, depending on PA
Make sure losses are small and profits are bigger!
  • #684
  • Jan 22, 2025 11:30am Jan 22, 2025 11:30am
Quoting 2be
DOW is closing gap to the last session close shall go long soon, depending on PA
done for a while
Took long positions bit above the last session close and in accordance with the US indices and covered the longs just below the US open
Range bound session so far, done well above my minimum, so time to do other things for a while
Trade well and take profits
Make sure losses are small and profits are bigger!
  • #685
  • Edited Jan 23, 2025 7:08am Jan 22, 2025 3:13pm | Edited Jan 23, 2025 7:08am
Quoting 2be
Not much new to post from me, the only thing is that I have tighten MAs to the pair of shorter ones (Smoothed MA5 - Smoothed MA5 Shifted forward 5 creating a channel, a kind of simplifies William's alligator) Have also kept smoothed MA13 shifted 8, HL/2, some would recognise it as the one used in Alligator for angulation, I like that type of "divergence" In trendlines department, apart from the basic ones I draw Schiff Pitchfork, use it on Higher TFs and have to draw it manually with Standard Deviation set up. Andrews Pitchfork has its uses, for...
chart below
unfortunately on MT4 Andrew's Pitchford I am not able to add any more Standard Deviation lines
The idea is there to draw Schiff Pitchfork, tough with only one SD lines
On ProTimeReal I can add these additional SD lines
DOW is usually very volatile, at times explosive large moves, one has to be used to that.


Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 chiff pichfork 2025-01-22_202136.png Size: 57 KB

Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 Schiff Pichfork 2025-01-23 121610.png Size: 122 KB
Make sure losses are small and profits are bigger!
  • #686
  • Edited 5:19pm Jan 23, 2025 4:36pm | Edited 5:19pm
Quoting 2be
{quote} chart below unfortunately on MT4 Andrew's Pitchford I am not able to add any more Standard Deviation lines The idea is there to draw Schiff Pitchfork, tough with only one SD lines On ProTimeReal I can add these additional SD lines DOW is usually very volatile, at times explosive large moves, one has to be used to that. {image} {image}
In the distant past I have used different channels and of course trendlines.
Schiff Pitchfork in particular is of interest to me, as it relates to wave / market structure.
You will notice that I draw Fibs including RET and EXT at both ends, that is for convenience.
For example, long time ago with other trader we spend some time looking at the first impulsive to Which Fibs have been applied, our finding was that Dax like to terminate the move at 224, and DOW at 261 to 300 during the session, like today.

First chart MT4 with the US session candle bar M5 - top of the Fib channel also have been reached, coincided with SD3 of the pitchfork, beauty

Second chart PTR M5

Attached Image (click to enlarge)
Click to Enlarge Name: DOW M5 Schiff pitchfork022025-01-23_222850.png Size: 69 KB

Attached Image (click to enlarge)
Click to Enlarge Name: DOW M5 Schiff 2025-01-23 225348.png Size: 139 KB


Chart below as usual in readiness for tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 sessions 012025-01-23_223155.png Size: 87 KB


Good trades to all!
Make sure losses are small and profits are bigger!
  • #687
  • Edited 2:06pm Jan 24, 2025 5:54am | Edited 2:06pm
Experienced and very kind and helpful trader on another forum furnished me with indicator for MT4 which allows Schiff Pitchfork to be used together with Andrew's Pitchfork. The advantage of that indicator is that there are many additional SDs (Standard Deviation), and if the Andrew's Pitchfork is not deleted, one can switch the given chart to different TFs and the forks are displayed.

Schiff fork and Andrew's Pitchfork (constant at all TFs) in relation to FIBs(constant at all TFs) drawn on Market Structure(relevant in a particular TF) so it looks like a good marriage, but only part of the story.
DOW M1 chart - I have been using semafor indicator for years, it is an easy at a single glance at the chart as to where draw Fibs, which assist in drawing trend lines and forks too

The different appearance and uses of the Andrew's Pitchfork and Schiff Pitchfork is clearly displayed, as that Schiff indicator still allows for Andrew's Pitchfork to stay displayed on DOW M1 on MT4
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M1 Fork 01 2025-01-24_104303.png Size: 102 KB


DT chart DOW daily with two Pitchforks displayed
Attached Image (click to enlarge)
Click to Enlarge Name: DOW Daily Pichforks DT 2025-01-24_165128.png Size: 82 KB

DOW has been in such a strong Bull trend that the beginning of that trend demands much higher TFs than Daily, so I have opted for areas of Market structure displaying the running (continuation) of that Bull trend.

DOW has a low volatility day so far. Possible inside NYSE session candle bar in place, as even the gap to the last session close has not been filled (partially filled so far)

DOW just have closed the gap to the last session close (around 150 points span from the session L to the session H)
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 Sessions 2025-01-24_173933.png Size: 63 KB


DT H4 Schiff Pitchford Modified
Attached Image (click to enlarge)
Click to Enlarge Name: DOW DT H4 Schiff Fork Modified 03 2025-01-24_200400.png Size: 54 KB





I am done for the week.
Make sure losses are small and profits are bigger!
  • #688
  • Edited 10:59am Jan 25, 2025 5:46am | Edited 10:59am
DOW is providing multiple opportunities to take good profits each day, even yesterday. Currently I am revisiting the art of trendlines and channels they create, Pitchforks are part of that, and they are a useful part of looking at the market using market structure and its harmony and geometry. Let see how this will further improve taking advantage of these daily occurring positive harvesting opportunities.
Make sure losses are small and profits are bigger!
  • #689
  • Jan 27, 2025 4:40am Jan 27, 2025 4:40am
A new week and the Fri is the last day of January 2025!
Please have a look at the link below

https://www.forexfactory.com/thread/...gs-to-consider?
Make sure losses are small and profits are bigger!
  • #690
  • Jan 28, 2025 2:37am Jan 28, 2025 2:37am
Quoting 2be
A new week and the Fri is the last day of January 2025! Please have a look at the link below https://www.forexfactory.com/thread/...gs-to-consider?
Well done and thankyou for your earnest contribution.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #691
  • Edited 2:43pm Jan 28, 2025 1:28pm | Edited 2:43pm
DOW M1 - M5 with the channel created by the pair of the two MA5 trendlines arranged as described in somewhere in the earlier post
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M1 - M5 2025-01-28_191651.png Size: 100 KB



DOW Daily DT chart with different Pitchforks
Attached Image (click to enlarge)
Click to Enlarge Name: DOW DailyDT 2025-01-28_191950.png Size: 83 KB


well over 30 trades today during the us session alone and early finish, traded intermittently with big breaks
Trading only one instrument I have these charts in my head even away from the monitors
I am able to get this breaks at times when I cannot discern a clear PA (combination of the current price to the Pitchfork SDs lines and the Fib channels on M1 or higher TF and play of semafor and stochastics, explained long time ago
Staying with charts assist in working up possible moves and taking advantage in accordance with the PA
Good trades to all!!!
Make sure losses are small and profits are bigger!
  • #692
  • Edited 4:29pm Jan 29, 2025 3:58pm | Edited 4:29pm
DOW has has a busy session
FMOC and Earning Season very much in play
traded both ways - good results but several trades were loses - over all very positive day
Attached Image (click to enlarge)
Click to Enlarge Name: DOW MTF 2025-01-29_222559.png Size: 198 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Earning season 2025-01-29_222842.png Size: 55 KB
Make sure losses are small and profits are bigger!
  • #693
  • Edited 7:26am Jan 30, 2025 6:13am | Edited 7:26am
Pump and dump well in progress before the US open, will be interesting what SM will do.
The beauty of the session candle bars and the last session close zone

M30 came well into play, M15, M5 and M1 likewise

Never too early to take profits!!!

DOW MTF
Attached Image (click to enlarge)
Click to Enlarge Name: DOW MTF Pump and Dump 01 2025-01-30_122728.png Size: 187 KB


DOW H1 DT with Schiff Pitchfork
Attached Image (click to enlarge)
Click to Enlarge Name: DOW H1 Schiff Pitchfork 2025-01-30_123146.png Size: 66 KB


DOW Daily on DT, possible rotation - Fibs drawn
a loud chart with some stuff not too easy to explain
Two types of pitchforks - a kind of organised trendlines ( do your own study on Pitchforks, might prove worthy)
Attached Image (click to enlarge)
Click to Enlarge Name: DOW Daily DT 2025-01-30_131612.png Size: 92 KB
remember earning season and stats for Januaries for the last 20years
Attached Image (click to enlarge)
Click to Enlarge Name: Earning season 2025-01-29_222842.png Size: 55 KB




Shall be on Pap duties later on today
Make sure losses are small and profits are bigger!
  • #694
  • Jan 30, 2025 9:42am Jan 30, 2025 9:42am
Have established short position on DOW (MAR-25) at 45075
intend to keep that trade for several days, no overnight charges and Delta shall work in my favour

on Dow cash traded both ways on M1 - M5 during the US session until now
expecting H4, M30 to come eventually into play

leaving soon to see my lovely granddaughter - Paps duty
Make sure losses are small and profits are bigger!
  • #695
  • Jan 30, 2025 12:01pm Jan 30, 2025 12:01pm
Quoting 2be
Have established short position on DOW (MAR-25) at 45075 intend to keep that trade for several days, no overnight charges and Delta shall work in my favour on Dow cash traded both ways on M1 - M5 during the US session until now expecting H4, M30 to come eventually into play leaving soon to see my lovely granddaughter - Paps duty
I equally did that two days ago but the market is playing side ways now so am waiting the down move.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #696
  • Jan 31, 2025 2:39am Jan 31, 2025 2:39am
Quoting 2be
Have established short position on DOW (MAR-25) at 45075 intend to keep that trade for several days, no overnight charges and Delta shall work in my favour on Dow cash traded both ways on M1 - M5 during the US session until now expecting H4, M30 to come eventually into play leaving soon to see my lovely granddaughter - Paps duty
Have added to that short position at 45157
will add more at if there are more spikes up before at the beginning of the US session
Please remember that these are DOW MAR-25 quarterly future, that position can be kept for many days without any additional overnight interest charges and as it is a short position - Detla is working to advantage for the short side, though it is negligible advantage.
Make sure losses are small and profits are bigger!
  • #697
  • Edited 4:04am Jan 31, 2025 3:34am | Edited 4:04am
add to short just few points below OTH at 45221 moments ago
MM are having fun, we shall see what happens
I think DOW is ready for measured move down, nothing is certain apart from the fact that market will do all its tricks to confuse any and every retail trader
As it stands now, DOW is above last session close and last session H, so there are gaps
these gaps shall eventually be filled!!!, but do not go crazy in risking too much by going with too large lots.
shall add heavily when market confirms this possible and likely measured move down
Make sure losses are small and profits are bigger!
  • #698
  • Jan 31, 2025 6:02am Jan 31, 2025 6:02am
Quoting 2be
add to short just few points below OTH at 45221 moments ago MM are having fun, we shall see what happens I think DOW is ready for measured move down, nothing is certain apart from the fact that market will do all its tricks to confuse any and every retail trader As it stands now, DOW is above last session close and last session H, so there are gaps these gaps shall eventually be filled!!!, but do not go crazy in risking too much by going with too large lots. shall add heavily when market confirms this possible and likely measured move down
'' MM are having fun'' Yes they are, trying to confuse traders who are not sure about the market structure or their trading methodology.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #699
  • Jan 31, 2025 6:51am Jan 31, 2025 6:51am
Quoting martinez1
{quote} '' MM are having fun'' Yes they are, trying to confuse traders who are not sure about the market structure or their trading methodology.
Soon every guru wll tell us in no uncertain terms why the market has moved, usually few hours after the fact and they will show us charts and all the junk,
that on NSBC there will be lie an auction of stupid ideas as some gurus will declare their new holdings, what a circus!!! certainly not worthy wasting a single minute on that total garbage.
Make sure losses are small and profits are bigger!
  • #700
  • Edited 9:29am Jan 31, 2025 8:54am | Edited 9:29am
close shorts at 45055
188 points on the posted positions, have gone with other positions I have not posted, so will only mentioned here, as the overall it became a large position, so closed it with good profits
+188 points on these DOW Mar 25
The reasons I have covered these shorts was that S&P and NASDAQ has not been in agreement with the DOW, gaps has been closed and D Pivot was in close proximity

Also trading DOW cash
Have put several trades before the session, and 40 minutes into the session - being Friday - I am tempted to take it easy from now
got good points on both, DOW MAR 25 and DOW cash

Late edit:
10 trades on cash since the open today
15 trades on DOW MAR25

Flat now.
Have lost focus but not bias - at times it can be dangerous for me
I wish to trade what I see, and with limited focus I might rely too much on the bias
It is Friday, the last day of January, so a good and a nice time to do some studies with only few monitors switched on.

I might be done for the week.
Make sure losses are small and profits are bigger!
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