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Swing trading with Andrew's pitchforks and volume analysis journal

  • #221
  • Jan 22, 2012 8:55am Jan 22, 2012 8:55am
Quoting bayfisherman
the 3 drives into the LML is a long I should have been all over...but the move up is on lower volume. In these Bear Markets we are going to have sharp short covering rallies like this, but don't think for a moment this is over...

What's going to be the match that lights the fire, again? One central bank in Europe to go belly up? One country to pull out of the EU? You know the damage has already happened they are just leaking it to us a little at a time as not to create mass hysteria and so they can manipulate the market and get rich while keeping...

some shits gonna happen i think. volume supply demand of markets is the secret of those who can read it well. and im seeing simialr patterns in gold - climaxed volume on buying also possible distribution going to start soon..
Have I got something on my face, SOLDIER?
  • #222
  • Jan 22, 2012 8:56am Jan 22, 2012 8:56am
will also checkout ur forex room screencast link - saw an au chart looks sweet.


i have no swaps on currencies or oil just gold - so i can go short au all i want lol - all u need is a good time and price.
Have I got something on my face, SOLDIER?
  • #223
  • Jan 22, 2012 4:23pm Jan 22, 2012 4:23pm
Sold EU into my VPL on friday...look at where it stop and reversed...man those volume readings work well. I might as well place limit orders inside
of those and sit back and collect the pips....lol.

Holding short...we'll see if the b/e survives the night.
Attached Image (click to enlarge)
Click to Enlarge Name: EU short.jpg Size: 107 KB
  • #224
  • Jan 22, 2012 9:26pm Jan 22, 2012 9:26pm
1669 I believe is going to be it for tonight...should be a nice slide from here. Momentum across the board it seems has stalled. Let the selling begin...I'm sure they'll give it an upthrust for the EU session to run any more stops then flush it....hopefully see you on the bottom in the morning.
  • #225
  • Jan 23, 2012 2:43am Jan 23, 2012 2:43am
@ 29394 b/e was hit

gbpusd short @ 55477

still holding gold short nice reaction off 1671 VPL
Attached Image (click to enlarge)
Click to Enlarge Name: EU short.jpg Size: 118 KB
  • #226
  • Jan 23, 2012 3:19am Jan 23, 2012 3:19am
Hi Bay,

Thought I would show you what I'm looking at on eu right now. I think there could be some demand around 1.2911. Looks like volatility is increasing a bit...waiting for close on 4hr to confirm a move up. Starting to experiment with cycle lines to spot possible reverse bars.
Attached Image (click to enlarge)
Click to Enlarge Name: euus.gif Size: 26 KB
  • #227
  • Jan 23, 2012 4:01am Jan 23, 2012 4:01am
short taken NZD...not waiting for the 8095

still short pound

and gold uuuhhh. capped by daily downtrend line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU short.jpg Size: 82 KB
Click to Enlarge Name: kiwi short.jpg Size: 134 KB
  • #228
  • Jan 23, 2012 6:54am Jan 23, 2012 6:54am
Trade idea did not work out...next level of interest for EU short 1.308, a
pullback to 1.2945 would present a long...a break and pullback to this level I'll be looking short on a continuation.
  • #229
  • Jan 23, 2012 7:44pm Jan 23, 2012 7:44pm
EU 1.303 looks like a low volume Daily VPL that I missed...limit order to sell 303.

Reenter gold at 1677.2 Daily VPL short

Short GBP 1.57000 Daily VPL
  • #230
  • Jan 23, 2012 8:06pm Jan 23, 2012 8:06pm
Hope you don't mind if I post in here sometimes,

Didn't get that eu long yesterday but I did catch eu/ca. Those last few up bars on the 4hr look weak, tighter ranges. Will see what happens at the next cycle line.
Attached Image (click to enlarge)
Click to Enlarge Name: euca.gif Size: 28 KB
  • #231
  • Jan 23, 2012 9:42pm Jan 23, 2012 9:42pm
Any trade ideas you want to share...that's fine. If you want to give a brief explaination of how you are finding your levels and what you are looking for to trigger that would be great.

Here are the updated usd pairs. Always feel like I'm a day late and a dollar short. Didn't even want to look at my platform today after getting ran over last night...pretty pissed. I know the analysis is good just traded a little early again.

GU + 20 short @ b/e
XAU + $2 short

missed the EU...will be looking for short positions across the board on pullbacks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU Daily.jpg Size: 114 KB
Click to Enlarge Name: EU 60m.jpg Size: 130 KB
Click to Enlarge Name: GU Daily.jpg Size: 103 KB
Click to Enlarge Name: kiwi daily.jpg Size: 105 KB
Click to Enlarge Name: cad daily.jpg Size: 113 KB
Click to Enlarge Name: CHF Daily.jpg Size: 122 KB
Click to Enlarge Name: gold.jpg Size: 92 KB
  • #232
  • Jan 23, 2012 11:55pm Jan 23, 2012 11:55pm
DX, GC, TF, NQ, CL, 6E
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx daily.jpg Size: 149 KB
Click to Enlarge Name: GC daily.jpg Size: 137 KB
Click to Enlarge Name: TF Daily.jpg Size: 110 KB
Click to Enlarge Name: Oil Daily.jpg Size: 150 KB
Click to Enlarge Name: 6E Daily.jpg Size: 150 KB
Click to Enlarge Name: NQ Daily.jpg Size: 147 KB
  • #233
  • Jan 24, 2012 4:00am Jan 24, 2012 4:00am
Quoting bayfisherman
If you want to give a brief explaination of how you are finding your levels and what you are looking for to trigger that would be great.

Didn't even want to look at my platform today after getting ran over last night...pretty pissed. I know the analysis is good just traded a little early again.
It happens, got ran over on gb/nz shorts tonight, ah well.

I like equal structure so right now I'm using quartile pivots. High/Low Range divided in 4. Of course there are other quantile sequences you can use. When it comes to the trigger I like to use similar VSA principals and apply it to a range histogram.

Up bar, Range Decrease - Supply (at close)
Up bar, Range Increase - Demand (at open)

Down bar, Range Decrease - Demand (at close)
Down bar, Range Increase - Supply (at open)

Pretty basic. I'll watch the change in the ranges closely when price gets close to or breaks through any of my levels.

I'm not into analyzing ultra high upbars/downbars for reversals...maybe I should be.
  • #234
  • Jan 24, 2012 5:53am Jan 24, 2012 5:53am
Gold short holding perhaps it will survive the day at b/e. This one is a tricky girl nothing surprises me anymore.

GU stopped at b/e as expected...Euro session ran stops and has reversed...was lucky enough to wake up in time to reetenter EU short,
limit order from 1.3031 was stopped out

short EU @ 1.3036 + 20
short xau @ 1677.31 +$8.55

concerned about LML support at the moment.

re-entered GU short and taken long usdCHF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 189 KB
Click to Enlarge Name: EU 60m.jpg Size: 129 KB
  • #235
  • Jan 24, 2012 4:55pm Jan 24, 2012 4:55pm
nice work with the forks Bay
.
  • #236
  • Jan 24, 2012 4:57pm Jan 24, 2012 4:57pm
Quoting PeterE
nice work with the forks Bay
.
Feel free to post any trade ideas you have...I like to see what other people are doing.
  • #237
  • Jan 25, 2012 6:21pm Jan 25, 2012 6:21pm
How you doing this week?

I bought g/u and a/u but was stopped out, then watched price rocket on both of them. Starting to think about re entering on trades I get stopped on.
  • #238
  • Jan 25, 2012 9:12pm Jan 25, 2012 9:12pm
Quoting Kas1
How you doing this week?

I bought g/u and a/u but was stopped out, then watched price rocket on both of them. Starting to think about re entering on trades I get stopped on.
on gold trade $8/9 closed out my gu eu shorts b/e.
  • #239
  • Jan 25, 2012 9:32pm Jan 25, 2012 9:32pm
Had some eu/ch shorts that went well, but still down overall this week.

Holding on to that eu/ca long since I haven't seen price move into a different cycle zone. Shorted eu/au, saw some good increases in volatility on down bars through support.
Attached Image (click to enlarge)
Click to Enlarge Name: euau.gif Size: 26 KB
  • #240
  • Jan 25, 2012 10:16pm Jan 25, 2012 10:16pm
If we get up there...like the confluence of median line and my line. I'm long tonight usdCHF .92196

Short AU stop above today's high, again price pausing at median line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU short.jpg Size: 108 KB
Click to Enlarge Name: swissy long.jpg Size: 130 KB
Click to Enlarge Name: AU short.jpg Size: 115 KB
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