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

Swing trading with Andrew's pitchforks and volume analysis journal

#101
Dec 2, 2011 5:36pm Dec 2, 2011 5:36pm

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

Looking lower next week...lots of news coming out of the EU zone...unless you think their leadership has finally got their sh&% together, then I would stay short if you are already short....

Attached Image (click to enlarge)

Click to Enlarge

Name: EU short.jpg
Size: 152 KB

#102
Dec 2, 2011 7:53pm Dec 2, 2011 7:53pm

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

don't fork it up...or cheat when picking your swings..

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: fork pivots.jpg
Size: 156 KB

Click to Enlarge

Name: fork pivots2.jpg
Size: 163 KB

#103
Edited Dec 3, 2011 6:00am Dec 2, 2011 9:20pm | Edited Dec 3, 2011 6:00am

FX4Newbies
| Commercial User | Joined Apr 2010 | 2,840 Posts

Quoting bayfisherman

Disliked

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.

Ignored

The emotional/psychological part of trading is the part we deal with every day. A 40+ year old veteran told me that he reads a portion of his favorite psychology book every day before trading, just to keep the right mind in place. That is where the battle really is. At least you've got your trading arsenal in place. I feel for those who are still fighting both battles: trying to learn/find a consistent trading method and battling with their "trading self".

FX4

P.S. When you use the word "leverage", I think "exposure" because of how I am thinking you might be using it in your statement. Please clarify. Thanks.

Trade what you see, not what you think or feel. Let the market come to you.

#104
Dec 2, 2011 9:32pm Dec 2, 2011 9:32pm

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

Quoting FX4Newbies

Disliked

The emotional/psychological part of trading is the part we deal with every day. A 40+ year old veteran told me that they read a portion of their favorite psychology book every day before trading, just to keep the right mind in place. That is where the battle really is. At least you've got your trading arsenal in place. Feel for those who are still fighting both battles.

FX4

P.S. When you use the word "leverage", I think "exposure" because of how I am thinking you might be using it in your statement. Please clarify. Thanks.

Ignored

yeah probably misusing that term...I mean position size.

#105
Dec 2, 2011 9:35pm Dec 2, 2011 9:35pm

FX4Newbies
| Commercial User | Joined Apr 2010 | 2,840 Posts

Quoting bayfisherman

Disliked

yeah probably misusing that term...I mean position size.

Ignored

Thanks for that...it is what has been coming to mind

.

FX4

P.S. Think you've got a good start on your thread.

Trade what you see, not what you think or feel. Let the market come to you.

#106
Dec 4, 2011 7:37pm Dec 4, 2011 7:37pm

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

I'm going to let the charts do the talking tonight...If you have any questions feel free to respond. There is a before and after for the EU chart.

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: EU update.jpg
Size: 155 KB

Click to Enlarge

Name: EU short (2).jpg
Size: 119 KB

Click to Enlarge

Name: pound update.jpg
Size: 126 KB

Click to Enlarge

Name: aussie update.jpg
Size: 143 KB

Click to Enlarge

Name: kiwi update.jpg
Size: 123 KB

#107
Dec 4, 2011 7:42pm Dec 4, 2011 7:42pm

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

Sorry I posted the wrong EU chart...but it does show the trade I took there. Here's the one of my drawing platform.

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: EU update (2).jpg
Size: 126 KB

Click to Enlarge

Name: Cad update.jpg
Size: 144 KB

Click to Enlarge

Name: swissy update.jpg
Size: 134 KB

Click to Enlarge

Name: jpy udate.jpg
Size: 123 KB

#108
Dec 4, 2011 8:25pm Dec 4, 2011 8:25pm

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

You can see we are at areas...either we are going to reject hard off these levels on negative news or break through, pullback and go higher. Be aware of the pros washing and rinsing folks...quick break through then sharp reversal to take out stops...

Attached Image (click to enlarge)

Click to Enlarge

Name: correlation update.jpg
Size: 124 KB

#109
Dec 5, 2011 4:37pm Dec 5, 2011 4:37pm

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

Took a long off the sliding parallel @ 77.72. Still hold long from 2 weeks ago.

Attached Image (click to enlarge)

Click to Enlarge

Name: usdJPY long (2).jpg
Size: 114 KB

#110
Dec 5, 2011 4:39pm Dec 5, 2011 4:39pm

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

Quoting bayfisherman

Disliked

You can see we are at areas...either we are going to reject hard off these levels on negative news or break through, pullback and go higher. Be aware of the pros washing and rinsing folks...quick break through then sharp reversal to take out stops...

Ignored

Looks like some stop running going on...watch out for flush lower.

Attached Image (click to enlarge)

Click to Enlarge

Name: Oil, SPX500, dollar cash.jpg
Size: 175 KB

#111
Dec 5, 2011 5:35pm Dec 5, 2011 5:35pm

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

Missed this entry here off the SP..would look for retest, long.

Attached Image (click to enlarge)

Click to Enlarge

Name: cad long (2).jpg
Size: 97 KB

#112
Dec 7, 2011 6:15am Dec 7, 2011 6:15am

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

Looking for dollar strength on forex trades today.

Attached Image (click to enlarge)

Click to Enlarge

Name: Oil, SPX 500, Dollar cash.jpg
Size: 173 KB

#113
Dec 7, 2011 6:24am Dec 7, 2011 6:24am

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

Sorry I haven't posted much these past few days. AU has been stuck in that ridiculous range...anyone else tired of range trading? Here a shot of the EU forks I'm looking at and some trade levels I've taken recently there at the bottom. Found another foothold on the swissy long hopefully it will last through the day. Still trying to short AU and have a breakeven stop on it, but it doesn't look good unless it rolls over pretty quickly.

Attached Image (click to enlarge)

Click to Enlarge

Name: EU update.jpg
Size: 160 KB

#114
Dec 7, 2011 6:32am Dec 7, 2011 6:32am

bayfisherman
Joined Nov 2011 | Status: Trader | 2,022 Posts

As I said sorry I haven't posted much recently, I've been doing some backtesting...on the volume analysis. I'm getting pretty close, so stay tuned. I've found some interesting support and resistance levels...TBA.

Here are some liimit orders at those levels, if you want to follow along and watch the action. The orders are actually a little inside my markers to account for the spread.

Attached Image (click to enlarge)