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Swing trading with Andrew's pitchforks and volume analysis journal

  • #341
  • Feb 7, 2012 7:01am Feb 7, 2012 7:01am
Quoting bayfisherman
"There isn’t much to say about the volume that I haven’t already said except this: Monday’s volume was the lowest in a DECADE. To be clear, it was lowest volume for a full day that is not in a holiday time frame. In other words, for a “normal” day it is trading like the day before a holiday weekend, or like a ½-day. Pitiful.

Ben Bernanke is speaking to the Senate banking committee Tuesday morning. Was the market waiting on that? No. It’s just dead. Speaking of Mr. Bernanke, the market is reacting to his and other central banking meddling. They...
Maybe some traders are being very cautious as they might be bracing for any unexpected news or announcements.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #342
  • Feb 7, 2012 3:32pm Feb 7, 2012 3:32pm
Big breaks today...momentum back in the direction of the trend looking to enter in that direction EurChf still good.
Attached Image (click to enlarge)
Click to Enlarge Name: EURchf long.jpg Size: 160 KB
  • #343
  • Feb 7, 2012 3:42pm Feb 7, 2012 3:42pm
Looking for a break down and pullback short here.
Attached Image (click to enlarge)
Click to Enlarge Name: cad short.jpg Size: 135 KB
  • #344
  • Feb 7, 2012 3:55pm Feb 7, 2012 3:55pm
Looking for a pullback into the quartile or 1.318 to get long. Decisive move today with daily bar closing at the highs...this one may not come back...
Attached Image (click to enlarge)
Click to Enlarge Name: EU pending.jpg Size: 122 KB
  • #345
  • Feb 7, 2012 4:07pm Feb 7, 2012 4:07pm
quartile, 2/8, or UML short
Attached Image (click to enlarge)
Click to Enlarge Name: swissy pending short.jpg Size: 126 KB
  • #346
  • Feb 7, 2012 4:09pm Feb 7, 2012 4:09pm
Not lookin so great atm, stopped out on eu/ch and a couple others, down overall this week
  • #347
  • Feb 7, 2012 4:46pm Feb 7, 2012 4:46pm
Quoting Kas1
Not lookin so great atm, stopped out on eu/ch and a couple others, down overall this week
Choppy markets for sure down 60 up 100..etc. I took a nice scalp today off the kiwi long 20 pip stop 40 pip target just a hard 2 to 1 target that got paid nicely...I think I need to do more of that. Maybe 2 positions one at 20 to cover my 2nd stop and the other at 40. I've had a bunch come back on my breakeven when I could have taken something out...it's tough when I'm gone during the day and can't manage my trade the way I'd like...looking at doing some position trading on daily trendline breaks and reversal engulfing bars with wider stops holding till the next daily trendline break, etc. keep it simple and wider with lower leverage.
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi long.jpg Size: 117 KB
  • #348
  • Feb 7, 2012 5:06pm Feb 7, 2012 5:06pm
1st warning line catches the move up.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1hr.jpg Size: 180 KB
  • #349
  • Feb 7, 2012 5:27pm Feb 7, 2012 5:27pm
a little look to the left and a closer view...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 60m.jpg Size: 131 KB
Click to Enlarge Name: EU 60m1.jpg Size: 129 KB
  • #350
  • Feb 7, 2012 5:49pm Feb 7, 2012 5:49pm
I've had this fork on my chart for a while...I'm always amazed at the action they catch even once outside the orignal framework.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 2hr.jpg Size: 133 KB
Click to Enlarge Name: gu 2hr1.jpg Size: 142 KB
  • #351
  • Feb 7, 2012 6:04pm Feb 7, 2012 6:04pm
notice we didn't close to new highs(lows) in swissy but did in eu gu...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: swissy 2hr.jpg Size: 140 KB
Click to Enlarge Name: swissy 2hr1.jpg Size: 132 KB
  • #352
  • Feb 7, 2012 7:04pm Feb 7, 2012 7:04pm
looking to sell break of .9940
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Cad 60m.jpg Size: 126 KB
Click to Enlarge Name: Cad 60m1.jpg Size: 142 KB
  • #353
  • Feb 7, 2012 7:12pm Feb 7, 2012 7:12pm
I use parralels quite a bit, though they are not often equidistant. I am going to post some charts over the next hour. Feel free to stop by.

Dust

Quoting bayfisherman
I've had this fork on my chart for a while...I'm always amazed at the action they catch even once outside the orignal framework.
"Keep your eyes on the helpers" - Mr. Rogers
  • #354
  • Feb 7, 2012 7:24pm Feb 7, 2012 7:24pm
Sounds Good Damon. I've seen the parallels measured work really well time and time again but I do use what are called sliding parallels that are in line with the fork but off a prior swing in hopes of catching the next one. You'll see them all over my charts. The pivot progression high low high or low high low sets the slope always though and frames the future moves very well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU 240m.jpg Size: 122 KB
Click to Enlarge Name: AU 60m.jpg Size: 106 KB
  • #355
  • Feb 7, 2012 7:57pm Feb 7, 2012 7:57pm
Risk looks to the downside here, seems like commodity currencies may be handing over the reigns to risk pairs eu and gu, may want to check those eu crosses for a pullback.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: kiwi 240m.jpg Size: 125 KB
Click to Enlarge Name: Kiwi 60m.jpg Size: 111 KB
  • #356
  • Feb 7, 2012 10:01pm Feb 7, 2012 10:01pm
Looking at buying jpy crosses because Kas tapped my stop by 1 point on my usd JPY trade...lol. EJ and GJ breaking out of major swing highs at the moment...
Attached Image (click to enlarge)
Click to Enlarge Name: jpy daily.jpg Size: 104 KB
  • #357
  • Edited 5:05am Feb 8, 2012 2:37am | Edited 5:05am
Quoting bayfisherman
Looking at buying jpy crosses because Kas tapped my stop by 1 point on my usd JPY trade...lol. EJ and GJ breaking out of major swing highs at the moment...
lol, don't feel bad man i got knocked on my uj short, somebody's huntin better then I. 9 losses, 4 gains so far this week, not great, hopefully it's all uphill from here. eu/ch has taken off, makes me wish i was entering the way i use to. us/ca short best trade I got atm.
Attached Image (click to enlarge)
Click to Enlarge Name: usca.gif Size: 21 KB
  • #358
  • Feb 8, 2012 6:42am Feb 8, 2012 6:42am
long here...big selloff rumors of Germany looking for Greece to go ahead and default.

More market manipulation...lol.

Still long EURchf @ b/e until momentum or trendline breaks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURchf long.jpg Size: 121 KB
Click to Enlarge Name: jpy long.jpg Size: 135 KB
  • #359
  • Feb 8, 2012 7:08am Feb 8, 2012 7:08am
nice turn off quartile.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy 240m.jpg Size: 167 KB
  • #360
  • Feb 8, 2012 4:26pm Feb 8, 2012 4:26pm
All trades watching closely...decided to go ahead and take the yen trade + 16 @ b/e at the moment. Last night took the daily close long on EJ and GJ for small profits this morning...looking to reenter EJ. Take EURgbp and EURnzd on the close today low leverage wide stops for the long haul may average in on a better price tonight or in the morning.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EurGbp 4hr.jpg Size: 115 KB
Click to Enlarge Name: EurNzd long.jpg Size: 97 KB
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