Swing trading with Andrew's pitchforks and volume analysis journal | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Swing by Swing 39 replies

Hagopian Trigger Lines - Andrews Pitchforks 6 replies

swing high/swing low indicator and volume tic history 13 replies

pitchforks 25 replies

Pitchforks in all its glory 73 replies

Attachments: Swing trading with Andrew's pitchforks and volume analysis journal
Exit Attachments

Swing trading with Andrew's pitchforks and volume analysis journal

  • #41
  • Nov 25, 2011 8:41pm Nov 25, 2011 8:41pm
If we break to new lows on the selloff these are some levels I"m looking at.
Attached Image (click to enlarge)
Click to Enlarge Name: SP500 levels.jpg Size: 181 KB
  • #42
  • Nov 26, 2011 5:26am Nov 26, 2011 5:26am
Another trader brought this chart to my attention so I decided to mark it up...

If anyone has any requests just post a chart of what you have and I'll mark it up on my side as well...I'm always looking for good trade ideas.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURchf4hr.jpg Size: 212 KB
Click to Enlarge Name: EURchf1hr.jpg Size: 176 KB
  • #43
  • Nov 26, 2011 7:34am Nov 26, 2011 7:34am
Quoting Incrediblle
I have drawn this pitchforks kindly please verify if they are correct....
Remember to use the last three current pivots...you have yours drawn
off the current price action...your C point has not formed a pivot/swing
yet...price could continue and your C point would be wrong. You need to
back all three of your points one swing from current price action.

Inserted Video
  • #44
  • Edited 8:03am Nov 26, 2011 7:39am | Edited 8:03am
Quoting bayfisherman
Remember to use the last three current pivots...you have yours drawn
off the current price action...your C point has not formed a pivot/swing
yet...price could continue and your C point would be wrong. You need to
back all three of your points one swing from current price action.

http://www.youtube.com/watch?v=DKuqt...eature=related
ok understood so the last point shud be left alone.....is it true that prices are always attracted to median line?
Trade responsiblypatience is the key/Swing trader
  • #45
  • Nov 26, 2011 8:15am Nov 26, 2011 8:15am
So I'm using my demo account...here's some charts I've been looking at this morning.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold daily1.jpg Size: 160 KB
Click to Enlarge Name: gold daily2.jpg Size: 183 KB
Click to Enlarge Name: Sliding parallels.jpg Size: 173 KB
Click to Enlarge Name: swissy another look.jpg Size: 153 KB
  • #46
  • Nov 26, 2011 8:46am Nov 26, 2011 8:46am
I don't know how accurate this is because I'm new to volume analysis,
but it's really starting to make more sense as you see the result in price
action...What is the big money doing that is the question...they can't hide it, it's shows up in the volume and price action is the result.
Attached Image (click to enlarge)
Click to Enlarge Name: EU volume 30min.jpg Size: 149 KB
  • #47
  • Nov 26, 2011 6:32pm Nov 26, 2011 6:32pm
Quoting bayfisherman
I don't know how accurate this is because I'm new to volume analysis,
but it's really starting to make more sense as you see the result in price
action...What is the big money doing that is the question...they can't hide it, it's shows up in the volume and price action is the result.
hi bay, can u explain a tad more about that swing sort of thing?

looks very interesting
Have I got something on my face, SOLDIER?
  • #48
  • Nov 26, 2011 8:08pm Nov 26, 2011 8:08pm
Quoting bumapatria
hi bay, can u explain a tad more about that swing sort of thing?

looks very interesting
I'm not sure what your question is...swings are significant areas where the market turns....I try to trade from one swing to the next long and short, using momentum change at support/resistance confirmed in the volume...
  • #49
  • Nov 26, 2011 8:56pm Nov 26, 2011 8:56pm
Quoting bayfisherman
I'm not sure what your question is...swings are significant areas where the market turns....I try to trade from one swing to the next long and short, using momentum change at support/resistance confirmed in the volume...
hahha thats not what i meant, i meant swings in volume that can confirm a market swing!

hahaha
Have I got something on my face, SOLDIER?
  • #50
  • Nov 26, 2011 9:04pm Nov 26, 2011 9:04pm
You need to watch this...he can explain it better than I can...

Inserted Video
  • #51
  • Nov 27, 2011 11:03am Nov 27, 2011 11:03am
So bare with me as I use this other stuff to do my charts. Hope this helps. Let me know if you have any questions...markets open in 3 hrs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jpy weekly.jpg Size: 120 KB
Click to Enlarge Name: EU weekly.jpg Size: 134 KB
Click to Enlarge Name: EU weekly2.jpg Size: 125 KB
Click to Enlarge Name: aussie weekly.jpg Size: 155 KB
Click to Enlarge Name: kiwi weekly.jpg Size: 130 KB
Click to Enlarge Name: pound weekly.jpg Size: 126 KB
Click to Enlarge Name: Cad weekly.jpg Size: 140 KB
  • #52
  • Nov 27, 2011 11:05am Nov 27, 2011 11:05am
Here's the last one...more to come later on smaller time frames if I can get my connection up and running.
Attached Image (click to enlarge)
Click to Enlarge Name: swissy weeklly.jpg Size: 116 KB
  • #53
  • Nov 27, 2011 3:35pm Nov 27, 2011 3:35pm
Here's the dollar index...for some reason my drawing platform is not cooperating...

Here's a shot of the futures contract and one of the cash market.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dollar update.jpg Size: 187 KB
Click to Enlarge Name: dollar cash.jpg Size: 151 KB
  • #54
  • Nov 27, 2011 3:56pm Nov 27, 2011 3:56pm
Got short on the trendline break...look to see if we can fill the gap.
Attached Image (click to enlarge)
Click to Enlarge Name: EU short.jpg Size: 122 KB
  • #55
  • Edited 6:50pm Nov 27, 2011 5:41pm | Edited 6:50pm
Let's see if we can catch a runner on this retest... looks like the momentum is not there may have to ditch this unless it gets some legs here soon.

8:02 CST looks like the high has been tested a 3rd time and rejected...may see some action after all...
8:07 CST sell stop orders below 1.3308. Consolidating between the high and there...still looking for a break back down to fill the gap.
8:15 finally some breaking action short AU long EurAud still short EU
8:28 trades still waffling...dollar cash has put in a nice doji on the 78.6 fib if we hold here we will see a nice push.
8:36 5th test of the high EU may have to take the loss and regroup...doesn't look like it's going to hold
8:49 EU may finally be giving up the ghost...sell stop orders executed on down thrust off the high
Attached Image (click to enlarge)
Click to Enlarge Name: EU short.jpg Size: 130 KB
  • #56
  • Edited 7:42pm Nov 27, 2011 6:55pm | Edited 7:42pm
about to call it night if this one doesn't break down soon. Choppy up here.
9:03 1.3326 being tested yet another time...some one definitely wants
to buy this market...might try to play the break here to the long side if its not going to give up the ghost short here.
Attached Image (click to enlarge)
Click to Enlarge Name: EU short.jpg Size: 136 KB
  • #57
  • Nov 27, 2011 7:01pm Nov 27, 2011 7:01pm
Quoting bayfisherman
about to call it night if this one doesn't break down soon. Choppy up here.
looks like a possible h/s on ur chart above
Have I got something on my face, SOLDIER?
  • #58
  • Nov 27, 2011 7:17pm Nov 27, 2011 7:17pm
EU had a nice pullback to the 38 fib and now has close to a new high...dollar cash has broken down it's 78 fib expect to see the 100, 127/138 now...Long on the break...tight stops on EU short stopped for a loss. Commodity currencies look the strongest AU, NZD, CAD...Big boys must be back buying stocks on sale...black Sunday...lol!
Attached Image (click to enlarge)
Click to Enlarge Name: dollar cash.jpg Size: 172 KB
  • #59
  • Nov 27, 2011 7:32pm Nov 27, 2011 7:32pm
need to play a bit wider stops and little bit lower leaverage...they just took out the stops and flushed...I'm done

This is what happens when you try to be too precise...hope some of you
caught the move...saw it setting up just second guessed myself.
Attached Image (click to enlarge)
Click to Enlarge Name: EU short.jpg Size: 148 KB
  • #60
  • Nov 28, 2011 2:57pm Nov 28, 2011 2:57pm
Daily trendline resistance being tested right now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: kiwi short.jpg Size: 137 KB
Click to Enlarge Name: kiwi short2.jpg Size: 145 KB
1 trader viewing now