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Swing trading with Andrew's pitchforks and volume analysis journal

  • #261
  • Jan 30, 2012 8:26pm Jan 30, 2012 8:26pm
looks like a triple top here.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 60m.jpg Size: 149 KB
Click to Enlarge Name: gu 15m.jpg Size: 115 KB
  • #262
  • Jan 30, 2012 8:37pm Jan 30, 2012 8:37pm
has stopped for the moment...
Attached Image (click to enlarge)
Click to Enlarge Name: EU short.jpg Size: 126 KB
  • #263
  • Jan 31, 2012 3:53am Jan 31, 2012 3:53am
some nice confluence here at 8300
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Click to Enlarge Name: kiwi short.jpg Size: 123 KB
  • #264
  • Jan 31, 2012 4:03am Jan 31, 2012 4:03am
here's a bigger view of the ABC correction I'm playing.
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi 240m.jpg Size: 110 KB
  • #265
  • Jan 31, 2012 5:09am Jan 31, 2012 5:09am
about 100 pip move.
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Click to Enlarge Name: kiwi long.jpg Size: 104 KB
  • #266
  • Jan 31, 2012 9:11am Jan 31, 2012 9:11am
Turned on 8300 nicely...+ 35 so far.
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi short.jpg Size: 107 KB
  • #267
  • Jan 31, 2012 9:17am Jan 31, 2012 9:17am
Quoting bayfisherman
Turned on 8300 nicely...+ 35 so far.
beautifully done fadin the stops at a murrey math leevel ... 8/8 as well!

nciely done
Have I got something on my face, SOLDIER?
  • #268
  • Jan 31, 2012 10:36pm Jan 31, 2012 10:36pm
Lost the regional soccer match tonight but on the flipside my short is still in the green plus 50 now and holding. Hopefully the EU zone will play nice tonight and not run my stops...lol.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: kiwi short.jpg Size: 138 KB
Click to Enlarge Name: Kiwi 60m.jpg Size: 129 KB
  • #269
  • Jan 31, 2012 11:00pm Jan 31, 2012 11:00pm
buying going into the open in the next hour...here are some updated charts that look interesting to me...

EU 240m, GC daily, JPY 240m
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 240m.jpg Size: 120 KB
Click to Enlarge Name: GC daily.jpg Size: 133 KB
Click to Enlarge Name: jpy 240m.jpg Size: 125 KB
  • #270
  • Jan 31, 2012 11:09pm Jan 31, 2012 11:09pm
I've averaged in some to the JPY long I like this structure on the intraday chart...looking for a break out of this triangle/wedge formation.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy 15m.jpg Size: 79 KB
  • #271
  • Feb 1, 2012 4:34am Feb 1, 2012 4:34am
didn't want to play ball...they both are not nice...lol.
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi long.jpg Size: 115 KB
  • #272
  • Feb 1, 2012 5:23pm Feb 1, 2012 5:23pm
Quoting bayfisherman
about 100 pip move.
I like where you entered on this chart, bullish fork minimum, high probability point. How many timeframes do you normally check before you decide to take a trade?
  • #273
  • Feb 1, 2012 5:45pm Feb 1, 2012 5:45pm
sometimes I scale down to the 5 or 1m...I do use renko bars occassionally on the 2 and 4 renko for intraday entries. Most of my support resistance I'm looking at 1hr charts mostly, but will draw on the 4hr and daily to frame the bigger picture. I'll usually use the same pivots though on the 4hr and daily but use the 1hr and squeeze it in to see more definition. When I get close I'll watch how the bars close on the 15 and take the trade...with MM lines though if there is prior price action there I'll take it as it comes in with tight stops and a time factor...normallly 20 pip stops with 50 to 100 pips targets. If I do mulitiple contracts I'll try to get a quick one out at 15 to 20 to cover my stop loss. I am back testing more and more with time projections as well as price, but I like to look at momentum mainly when I look across multiple time frames for any confirmation 15, 1hr, 4hr.

EU and Gold short now....
Attached Image (click to enlarge)
Click to Enlarge Name: EU short.jpg Size: 99 KB
  • #274
  • Feb 1, 2012 6:45pm Feb 1, 2012 6:45pm
Thanks for the explanation. I've been thinking about momentum (rate of change) quite a bit. I'm wondering what would happen if you used higher derivatives of time for the rate of change like jerk or jounce. I think it may help to better point out the source of a move. Never seen an indicator for higher rates of change, will probably get one made eventually.

I'm short eu from 1.31582
  • #275
  • Feb 1, 2012 7:07pm Feb 1, 2012 7:07pm
Quoting Kas1
Thanks for the explanation. I've been thinking about momentum (rate of change) quite a bit. I'm wondering what would happen if you used higher derivatives of time for the rate of change like jerk or jounce. I think it may help to better point out the source of a move. Never seen an indicator for higher rates of change, will probably get one made eventually.

I'm short eu from 1.31582
never heard those terms used before...I use a simple slow stochasitc for momentum and time cycles. You get the fast (15m) rolling over at supp/resistance enough to break down the higher time frames 1hr 4hr from overbought or oversold and you'll have plenty of momentum behind you on the trade. I remember one trade where I went back and looked...it ran for 200 pips...what confirmations there were....every time frame was overbought slow and fast 5, 15, 30, 1hr, 4hr all turned together...wow. The reversal came on a spike high into one of my volume @ price levels and turned on a dime and dropped, what a great setup... it was the AU if I remember. Not this particular chart but I remember it now...
Attached Image (click to enlarge)
Click to Enlarge Name: AU 60m.jpg Size: 148 KB
  • #276
  • Feb 1, 2012 7:15pm Feb 1, 2012 7:15pm
I guess we are close to a breaking point or a breakdown point.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 240m.jpg Size: 160 KB
  • #277
  • Feb 1, 2012 7:29pm Feb 1, 2012 7:29pm
Quoting bayfisherman
never heard those terms used before...I use a simple slow stochasitc for momentum and time cycles. You get the fast (15m) rolling over at supp/resistance enough to break down the higher time frames 1hr 4hr from overbought or oversold and you'll have plenty of momentum behind you on the trade. I remember one trade where I went back and looked...it ran for 200 pips...what confirmations there were....every time frame was overbought slow and fast 5, 15, 30, 1hr, 4hr all turned together...wow. The reversal came on a spike high into one of my volume...
Jerk is the rate of change of acceleration and jounce is the rate of change of jerk. I know they use jounce for roller coasters, would be interesting to play around with. I haven't used stochastic much. I never liked how price can stay ob and still be in a strong uptrend or vise versa.

My stop entry experiment seems to be working so far, will probably try a slightly different mm method next week.
  • #278
  • Feb 1, 2012 7:35pm Feb 1, 2012 7:35pm
Potential fork here developing...we'll see if it holds through the overnight....


getting a little tired about to call it a night...the text on the chart is supposed to read touches on the "handle" and quartiles
Attached Image (click to enlarge)
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  • #279
  • Feb 1, 2012 7:43pm Feb 1, 2012 7:43pm
Quoting bayfisherman
Potential fork here developing...we'll see if it holds through the overnight....


getting a little tired about to call it a night...the text on the chart is supposed to read touches on the "handle" and quartiles
Definitley supply up around 1.32141/1.32335

ttyl man
  • #280
  • Feb 1, 2012 7:45pm Feb 1, 2012 7:45pm
These are some of the propriatary intraday charts I will refer to from time to time. You can see we did turn sharply off resistance zone and are moving down...this may work well with my gold short currently +$2.00
Attached Image (click to enlarge)
Click to Enlarge Name: AU renko 4.jpg Size: 140 KB
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