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Swing trading with Andrew's pitchforks and volume analysis journal

  • #61
  • Nov 28, 2011 5:01pm Nov 28, 2011 5:01pm
may be some resistance here at the prior high and upper median line still
holding long.
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  • #62
  • Nov 28, 2011 6:08pm Nov 28, 2011 6:08pm
looks like this may have been just a fluff rally shakeout...everybody turned off an area...
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  • #63
  • Nov 28, 2011 6:32pm Nov 28, 2011 6:32pm
Kiwi short worked out...+27 pips and holding breakeven looking for 60 pips hard target on 1st lot, 2nd lot we're headed back down to the lows...
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  • #64
  • Nov 28, 2011 11:59pm Nov 28, 2011 11:59pm
hey bay i have a possible setup on usdcad ithink itll only be minor swing up but it should be good i believe. demand zone it might have nice move up. maybe a little 'gap' covering too.

also been long time i did not trade a cycle on the loony

what do u thnk bay?

also the b wave can also be a 5 wave up clearing the high but i am sure for now that it is a buy signal from there.

also a 38.2 fib confluence
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Have I got something on my face, SOLDIER?
  • #65
  • Nov 29, 2011 3:03am Nov 29, 2011 3:03am
man pitchforks is a great tool indeed!
thanks bay , u caught my attention here is my trade on dollar yen with confluence of pitchfork

amzing
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Have I got something on my face, SOLDIER?
  • #66
  • Nov 29, 2011 5:31am Nov 29, 2011 5:31am
Quoting bumapatria
man pitchforks is a great tool indeed!
thanks bay , u caught my attention here is my trade on dollar yen with confluence of pitchfork

amzing
My fork has made a double top at the upper median line...I really thought about taking it off the table there last night...and this morning it's pulled back 40 pips...so if you took that short I would hold it for a minute or a trail it some, you should be in the money. I usually don't short on upsloping forks and vice versea but is perfectly sound to do if you see the set up like that...nice trade.
  • #67
  • Nov 29, 2011 5:47am Nov 29, 2011 5:47am
Quoting bumapatria
hey bay i have a possible setup on usdcad ithink itll only be minor swing up but it should be good i believe. demand zone it might have nice move up. maybe a little 'gap' covering too.

also been long time i did not trade a cycle on the loony

what do u thnk bay?

also the b wave can also be a 5 wave up clearing the high but i am sure for now that it is a buy signal from there.

also a 38.2 fib confluence
Looks like you have a good count there...I would keep an eye on the 1.02056 level...there is some confluence for me going on at that price level. If you are in short looks good. I went and look at some of the stuff you are doing and didn't recognize the "planetary vocab"...interesting work you are doing there. Hopefully we'll be able to help each other, glad to here you like the forks.
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  • #68
  • Nov 29, 2011 5:55am Nov 29, 2011 5:55am
Quoting bayfisherman
Looks like you have a good count there...I would keep an eye on the 1.02056 level...there is some confluence for me going on at that price level. If you are in short looks good. I went and look at some of the stuff you are doing and didn't recognize the "planetary vocab"...interesting work you are doing there. Hopefully we'll be able to help each other, glad to here you like the forks.
haha yes im very 'diverse' in trading. use what i believe i can use. basically im more of an 'artist' i like to draw rather than use indis. volume i cant draw so that is an indi

im already long btw 50% retrace of last swing so why the heck not? and daily demand zone not touched, and old forks lining up now as suport.

here is my alt. wave count that makes the possible 5 wave up. pretend the gap is not there, gaps should not be used as targets they are not really real.

based on volume im seeing lower and lower so weakness and possible change and volume climax down possibly indicate uptrend continue

btw cycle day tommorow on UCAD id love to see a move up at least

what bout u bay? still waitng?
accept my vouch for the inspiration u gave me and morely the knowledge u have for this style of trading
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Have I got something on my face, SOLDIER?
  • #69
  • Nov 29, 2011 6:20am Nov 29, 2011 6:20am
Don't pay any attention to the file names...here's the action up close on a 240 min chart. Thanks for the kudos...I'll be leaving for work here soon, so good luck today...No pip left behind...like that one I"m a school teacher.
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  • #70
  • Nov 29, 2011 4:09pm Nov 29, 2011 4:09pm
In looking at some more of the current data pivots, found some nice frequency on a couple of the pairs. Getting long on Elliot principle across
all the dollar pairs...to me looks as if wave 4 has bounced off of the bottom of wave one on multiple dollar pairs and should be headed lower
to test the lows again. I'm looking to short the next couple of days for
the break lower...I believe the ABC correction is complete..with fib projections hitting their 138% targets.
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  • #71
  • Nov 29, 2011 4:17pm Nov 29, 2011 4:17pm
usdCAD, GBPusd or EURaud forks. I typically have some time to work after my day job around 3:00 - 5:00 CST...I may not update my forks like this everyday, but today I'm looking for the turn...hopefully it works out. May be back later to check on the run if any around 9/10pm.
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  • #72
  • Nov 29, 2011 4:37pm Nov 29, 2011 4:37pm
In oil you can see a nice reversal off 100 even and a temporary break

SPX500 nice close below current trendline support

Dollar cash took a nice bounce off 161 fib but needs to break channel
for further upside back to the highs.
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  • #73
  • Nov 29, 2011 4:59pm Nov 29, 2011 4:59pm
Quoting bayfisherman
Short aussie on pullbacks...very weak this one.
AU just gave a push upward some moments ago. Will post an updated chart later...maybe during the London session if I can wing it then.

All the best with your thread.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #74
  • Nov 29, 2011 7:03pm Nov 29, 2011 7:03pm
Elliot anlaysis for pairs going forward

http://www.dailyfx.com/forex_market_news/videos/
  • #75
  • Nov 29, 2011 10:02pm Nov 29, 2011 10:02pm
Looks like it's completed wave 4 with this a b c correction. should revist the highs now.
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  • #76
  • Nov 29, 2011 10:06pm Nov 29, 2011 10:06pm
both put in the classic poke above the highs and flush it down...usd pairs should be finished now...looking for cash dollar to break resistance and accelerate move up back to the highs.
  • #77
  • Nov 29, 2011 10:28pm Nov 29, 2011 10:28pm
Once again I jumped in too early and missed this beautiful set up....I think they are done to the upside, but we'll see how it last through the london session...probably will take another stab up on the shakeout then down.
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  • #78
  • Nov 29, 2011 10:30pm Nov 29, 2011 10:30pm


hi bay,

how u doing with trading?

your thread looks full of informations keep it up
Trade responsiblypatience is the key/Swing trader
  • #79
  • Nov 30, 2011 6:03am Nov 30, 2011 6:03am
Still bearish EU, AU, NZDU, GU and bullish UCAD, UCHF, UJPY...

it looks like the shakeout is on...Europe didn't want to do so now NY is going to take the ball...big volume spike on news...wait for no demand and sell it...sell stops under current market price would be the smart thing to do...NFP is going to be a shoot out as well, but the elliot count is still dollar strength longer term..all of these pairs are at my support resistance lines at double tops or a poke just above and pulling back...
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  • #80
  • Nov 30, 2011 10:53am Nov 30, 2011 10:53am
I still think it's a shakeout...look at this lower median line touch on the yen. Doesn't get much sweeter than that...there are no "trendline swings" that are set up here to call that price level...but look how the fork picks it up for the first test...
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