Swing trading with Andrew's pitchforks and volume analysis journal

gu 60m

gj near upper extreme

dx looks to be at support on the weekly big wicks at the lows suggest buyers/profit takers there. I like the big bullish engulfing candle down there as well. The daily has some great frequency and the 60m what if fork already shows some promise on the rejection of the LML. Good symmetry on the downsloping channel on the 240/480 timeframe.

was stopped out on first attempt at the GU short...probably not that smart trying to stand in front of the train, but took a second shot at the 240 UML/SP currently 40 pips short holding through the weekend. GU has been probably the strongest of the currencies with what looks like a major breakout on the weekly chart, we'll see. If we do go higher 1.6700 has a very nice confluence of areas. We head down and start to squeeze the longs, could see it head down as fast as it has headed up.

EU exhaustion high? Turned off weekly TL as well

GU made the weekend gap still short 50 pips or so as well as CHF long off prior swing 20 pips or so...the weekly shows potential back to the top of the channel around 9700, long @ 8894

Wow crazy fireworks yesterday in gold. Nice timing for New Year's Eve. Here's some thoughts near term for gold in the New Year.

Weekly chart just shy of prior swing low...past history gold rallied for a multi-week move higher from this general area. Swing low at 1307.4 looks interesting for an upside target if we move higher...turns out its pretty much the 50% retracement of the last leg down on the daily chart.

Granted the 8hr chart has a lot going on it but whatever lol...easy to see we have yet to take out any significant resistance yet for a move higher but this will be the staircase blue channel lines, I'll be watching if we do towards 1300. Black trendline could come into play, if we get symmetry on the prior retracement it puts much higher at prior tops towards 1430.

near term chart on the 60m looks very bullish to me coming off those areas with force...somebody had a nice end of year cash-in lol sure looks like the stops got ran down there and some one got hurt pretty bad on the breakout short entry down there ouch. We're right back at the underside of the corrective fork on wave 4 and the downsloping sliding parallel both still holding resistance...going to need to see those breached and hold above for an extended move higher near term.

Happy New Year All, wishing you good trading in 2014.

Been working on getting a foot in the door in GU short but it's the lil train that could finishing at the double top to end the year....if swissy triangles here may just be a near term correction but still long and holding for at least the one to one. Like gold, CHF looks like an exhaustion puke reversal at the lows.

If we see profit taking and risk off/flight to safety to start the year, I would expect dollar strength, gold strength and a pullback in equities.

uj much like gu is the little train that could, if you've been long gj the past couple months nice work...

Nice healthy uptrend for sure here, coming into resistance.

possible upside target on gj...weekly shift and 61 fib that 178 179 area looks pretty good

Don't trade this pair much but wow what a run...is it a value buy yet?

swissy long playing out nicely...weekly bullish engulfing candle forming, daily trendline has stopped the upmove, 4hr cycle has run it's course, 60min measured fib 127.2...good place to take some profit, holding for a break towards 9700. 100 pips or so now.

One of the things I was looking for to see a bullish move in gold is to see prior resistance become support...I've left the corrective fork on there and have made bold the LML to make this point. The new upsloping fushia fork has some decent frequency though already as it has rejected the UML and some flip flop around the ML as well. We'll see going forward which slope will be the one to follow, both show promise at the moment.

CHF update Nice trending wave pattern potentially developing...we'll see how it plays out next week coming into NFP. 140 pips or so today and holding

bummer all that work pickin my nose/top they crash it on New Year's when I was looking the other way

GU 200 pips lower to support

long GJ and short NZDusd coming into the close

a 3rd push in gold today pulling back into the close....looking for a pullback to support to buy again.

Not much of a gap on the open my short NZDusd and Long GBPjpy are still in play both about 25 pips or so in the money at the moment and still holding usdCHF long 150 pips or so...hope to get some distance there before crash time tonight and get to b/e before london session. Good trading to everyone for the new year.

posted earlier about audnzd...don't trade that pair much but huge move down on the weekly chart coming into historical lows....strong hourly close around the 61% fib and close to a one to one down, close to a harmonic has lured me into a reentry long was stopped on first attempt back in now around 1.0830 with stop below the low.