Swing trading with Andrew's pitchforks and volume analysis journal

gu into the median line and double bottoms still expecting a break lower, perhaps a bounce to retest the trendline break, then lower

Euro dollar spying previous lows as well

easy to see why we turned here in gold today...prior tops in sight

still expecting a break to the upside in swissy taking 2/3 here at the TL coming into the weekend 250 pips

just a tight trail now in euro dollar sitting 100 pips or so 10 tick trailing stop coming into prior lows

here's the last third, my add on position for swissy just trailing prior lows...if the wave 4 triangle plays out over the weekend and next week, should see new highs currently 95 pips or so on this last position.

nice three drive bottoming pattern in to the median line exit short on the reversal stop hit...back in short at the double tops tight stop we'll see if it reverses next week or if this was just a squeeze.

Lower Median line of the 240 hasn't been tested, EU at prior lows now looking to make a run at a break, it has however broken through the frequency shift black lines...we push lower keep watch of the centerline of 60m chart noted by the arrows.

some good intraday action in CL long and short ...stop run at the highs, then head and shoulders pattern off 94.70 and a squeeze back to the lower channel line big bounce now we'll see how we finish if we are still bullish

nice short off 94.58...new chart template I picked up off a recent webinar I sat in on...pretty cool volume graphic. It will identify trapped longs and shorts...a bit different...the trades feel like ur stop hunting lol...my order goes in where the big lots are offsides

Here's the the trade into those prior tops at 94.58...probably more down side but I'll take the 30 ticks

Looks like the read on the pound is working out at b/e now took gj short earlier in the session jpy just moving a little slower than usd

short gu 45 gj 30

Looks like we're not done yet coming into the close trailing stop on EU short made it through the lows 140 pips there chf 120 on last third

gj @ b/e now 30 pips gu still holding well

gj didn't hold the neck line and also left a gap down at the lower trendline...possible abc correction complete at the lower median line of the red M. schiff fork...at least there's room to the prior lows we'll see how jpy does on the Sunday open and Asian session...I can see it moving either way.

Everything CAD...don't trade this pair much but has my attention now with this big move as of late...I'll be working on charts today to see what we see across a number of cad pairs.

Here's CADjpy:

Weekly chart looks very bearish longer term at supp. possible lower top in place on the weekly cycle..confirmation will come on the current TL break and break
of prior lows. If that massive 3 wave movement abc is a correction look out below...if that's the case there's no hurry to get short you'll have plenty opportunity to get a foot in the door. Very bearish close on the previous weekly candle but no follow through this week.

Daily at SP support at lower extreme..we get through there and hold below that TL should add to weakness argument. Caution as this is a buy on the daily cycle low at a higher price @ support.

240m @ 1st warning line upsloping, @ ML on downsloping fork...again you can see we are possible support.

60m you can see the upclose blue support trendline...I expect that to be taken out and retest the lows towards the red ML and potential back up..we zoom down there pullback and hold....look out below.

Don't try to guess where the market is going to go, so you can pat yourself on the back...just wait for the market to show you. All we can do is put probabilities on our side....identify strength and weakness, by watching for areas to validate and invalidate/fail. I like to "Search for Symmetry" because each market oscillates at its own frequency. It's just a matter of finding it, measuring it, then projecting it and trade the crap out of it.

dollar cad:

Weekly looks healthy to the upside a bit extended

daily same looking to buy prior tops along the median lines supp becoming resis...

240m: don't do a lot of elliot wave stuff but if the count plays out the next pullback should be a great buying opportunity back into 1.09 - 1.08

60m: Looking for an abc correction to buy as always.

kiwi cad

nzd has moved up against other dollar sensitive pairs like chf, eur etc.

I use stoch on all time frames to help time entries and identify trend...easy to see on the daily and weekly as we pullback oversold we are at higher prices...those are buy signals...helps to be at support lines as well to add probability.

audcad: possible correction complete, looks like we are in a triangle near term the break should be good. If aussie dollar ever snaps back from getting pounded this pair should benefit greatly...

60m tf: don't usually draw those types of forks but can't deny the frequency shift is spot on.

pound cad:

Pound definitely one of the strongest currencies for the past few months...easy to see the consolidation bottom breakout here on the weekly...strong move to the upside.

That frequency on the 2hr TF is a minimum of 400 pips thats if you went vertical overnight from bottom to top lol.

Hope that helps with the Canadian picture...enough work for now, time for dinner. See you on the open good trading all.

Can't believe these Canadians finally made the Rock n Roll Hall of Fame...what a joke lol

Any Rush fans out there? Was sold from the first album...Finding My Way, Take a Friend, Workin Man...the list goes on and on

So how's it looking on the open... swissy is closing up me likes...

went through those cad crosses yesterday and gbpcad looked to be the strongest trend maybe over extended...Murray on the 4hr has it at the extreme top of the range...3rd drive could be a near term top we'll see nice tight stop...if I get filled on the lower part of the range it's 10:1 or so.