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Swing trading with Andrew's pitchforks and volume analysis journal

  • #241
  • Jan 25, 2012 9:53pm Jan 25, 2012 9:53pm
Pushing into upper median line...looking for second reaction off the SP or UML.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU pending.jpg Size: 118 KB
  • #242
  • Jan 25, 2012 11:26pm Jan 25, 2012 11:26pm
bay i got stopped on BE on all gold shorts.
how bot u ?

heres my dow setup - Median line respected well before and list of other confluences are here
http://www.forexfactory.com/showthre...16#post5327816

last time the dow hit that pitchfork it dropped and respected it to the tick.
now its there again.

any analysis on the dow bro?

take care
Have I got something on my face, SOLDIER?
  • #243
  • Jan 25, 2012 11:30pm Jan 25, 2012 11:30pm
took a loss then reentered again short for about $8/$9 dollars...glad I did take profit there...up forty dollars...what a joke.

I'll have to take a look at dow...just have NQ and TF on the charts now. I'll get back to you on it.

Trying to get short AUDchf right now.
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  • #244
  • Jan 25, 2012 11:37pm Jan 25, 2012 11:37pm
bay u did an experiment before on intersections of pitchforks.

now i added another fork here -and they seem to intersect nicely.
Attached Image (click to enlarge)
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will see the effects soon.
God bless - i will get this trade right.
Have I got something on my face, SOLDIER?
  • #245
  • Jan 26, 2012 12:08am Jan 26, 2012 12:08am
Quoting bumapatria
bay u did an experiment before on intersections of pitchforks.

now i added another fork here -and they seem to intersect nicely.
Attachment
will see the effects soon.
God bless - i will get this trade right.
How's that for fun with geometry...whether it means anything is anthother story...I'd be looking at quartile resistance if anything temporarily...the time projection stuff was just for fun...hope you like it.
Attached Image (click to enlarge)
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  • #246
  • Jan 26, 2012 1:04am Jan 26, 2012 1:04am
Quoting bayfisherman
How's that for fun with geometry...whether it means anything is anthother story...I'd be looking at quartile resistance if anything temporarily...the time projection stuff was just for fun...hope you like it.
nice man - appreciate the work u done on it
Have I got something on my face, SOLDIER?
  • #247
  • Edited 7:57pm Jan 26, 2012 5:12am | Edited 7:57pm
as always...GU tagged 1.57140 on the nose...if it gets back up there sell it...

EU pending ...just shy in the overnight...sell it on the retest of 1.3183

Gold ready to give it up at 1718.75 already been there sell the retest. Exhaustion spike to 1750 definitely. Post charts later...
  • #248
  • Jan 26, 2012 7:43pm Jan 26, 2012 7:43pm
Quoting Kas1
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.
Closed eu/ca long in profit and went short. Saw price shift into a new cycle zone on eu/au, stop moved to b/e. Overall b/e this week.
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  • #249
  • Jan 26, 2012 8:04pm Jan 26, 2012 8:04pm
Quoting bayfisherman
as always...GU tagged 1.57140 on the nose...if it gets back up there sell it...

EU pending ...just shy in the overnight...sell it on the retest of 1.3183
Hope you caught some of these two entries...missed out because I was at the day the job... 1.318 on nose... 1st retest of 1.5714 would have needed a 25/30 pip stop or 2nd retest would have been near perfect.

I'm short EU from lunch today and long CHF from tonight...looking for some follow through this evening.

1750 even key level in gold...
  • #250
  • Jan 26, 2012 8:08pm Jan 26, 2012 8:08pm
Nice turn here...looking for some follow through now.
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  • #251
  • Edited 4:35am Jan 27, 2012 4:23am | Edited 4:35am
The market sure has a lot of optimizm...erased all the selloff from yesterday...

Dollar pairs are at the 78% fib...EU 1.316 in short again. Need to break
down through prior supp./res. to get some confirmation here...

1.308, 1305
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  • #252
  • Jan 29, 2012 1:24pm Jan 29, 2012 1:24pm
Markets still pulling back would expect some profit taking/selling coming in soon. Would look to fade any move in the direction of the trend on the first day of the month...typical to establish a high or low, ie EU high, usdCHF low, DX low.

Futures: CL, 6E, NQ, TF, GC, DX

Forex: AU, GU, EU, NZD, CHF, CAD
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Click to Enlarge Name: NQ Daily.jpg Size: 153 KB
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  • #253
  • Jan 29, 2012 1:26pm Jan 29, 2012 1:26pm
currently flat on the sidelines...
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Click to Enlarge Name: GU Daily.jpg Size: 125 KB
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  • #254
  • Jan 30, 2012 3:47am Jan 30, 2012 3:47am
Nice bounce off channel support
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  • #255
  • Jan 30, 2012 5:11am Jan 30, 2012 5:11am
on retest of lower median line.
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  • #256
  • Jan 30, 2012 2:05pm Jan 30, 2012 2:05pm
stop hit on kiwi this morning a few pips off...uhh

GU retest of channel support locked in 30 pips.

Re-entered kiwi long now at lower medain line retest.
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  • #257
  • Jan 30, 2012 3:14pm Jan 30, 2012 3:14pm
finally starting to move some...looking to take this one long and hold it for a while.
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  • #258
  • Jan 30, 2012 4:50pm Jan 30, 2012 4:50pm
Did get to play some dollar weakness in kiwi + 30 now at b/e
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  • #259
  • Jan 30, 2012 6:16pm Jan 30, 2012 6:16pm
Hi Bay, nice pivots

So I went over my results from last week, b/e and noticed that 60% of my trades that got stopped out end up going to my target, 2 to 1 reward to risk. This made me decide to experiment with entering where I would normally place my stop. If I had only taken trades like that last week, would of been up around 2.75% risking .25% each trade.
  • #260
  • Jan 30, 2012 7:40pm Jan 30, 2012 7:40pm
thanks for the thumbs up...kinda chicken shitted out on my longs and took them out way to early. Looking at this quartile resistance to hold price at the moment in the EU.
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