Swing trading with Andrew's Forks and volume analysis - Trading Journals | futures io social day trading
futures io futures trading


Swing trading with Andrew's Forks and volume analysis
Updated: Views / Replies:6,373 / 52
Created: by bayfisherman Attachments:74

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 74  
 
Thread Tools Search this Thread
 

Swing trading with Andrew's Forks and volume analysis

  #1 (permalink)
Membership Revoked
Tallahassee
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: currencys
 
Posts: 57 since Jan 2012
Thanks: 0 given, 41 received

Swing trading with Andrew's Forks and volume analysis

Wanted to open a thread to post my charts and get some dialog and chart sharing going on. Been trading about 4/5 years now and these pitchforks have some of the best risk to reward setups I've found. I use some other tools like volume analysis and some fib work, occasionally I'll look at elliot wave to help define structure and maturity of a move. Feel free to ask questions and post charts I enjoy the interaction. I'm usually trading early before I have to go to work and in the evenings...located in Panama City Beach, FL CST.

Looking forward to hearing from you.

Here's a quick look at what I'm doing. This is the EU. I trade mostly currencies, but do follow correlation markets DX, CL, GC, TF, NQ, SPX500, USDOLLAR, USOIL

Attached Thumbnails
Swing trading with Andrew's Forks and volume analysis-eu-240m.jpg   Swing trading with Andrew's Forks and volume analysis-eu.jpg  
Reply With Quote
The following 5 users say Thank You to bayfisherman for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Membership Revoked
Tallahassee
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: currencys
 
Posts: 57 since Jan 2012
Thanks: 0 given, 41 received

GU 60 min


Didn't take this trade because I was loaded up on the EU short overnight but look at risk to reward here
from the sliding parallel to the median line...could have gotten in really cheap here.

Here are some of my recent trades...a couple breakeven, a couple nice winners.

Attached Thumbnails
Swing trading with Andrew's Forks and volume analysis-gu-60m.jpg   Swing trading with Andrew's Forks and volume analysis-trades.jpg  

Last edited by bayfisherman; January 11th, 2012 at 07:49 PM.
Reply With Quote
The following user says Thank You to bayfisherman for this post:
 
  #4 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,497 received

No doubt, Mr. Pitchfork was bright. Occasionally, i pitch a Fork on my chart but depending on the selection of your pivot (specially the middle arm) it can make a huge difference if the time interval covers lots of ground. I may revisit them if you can share how you proceed to draw them. However, i must admit, i feel more like a carpenter than a trader when i use these tools. These days, i prefer to identify key changes in supply/demand and use these zones when price revisit them, i have the feeling these zones are more significant than just an anonymous line whether it be a fib. or pitchfork line but that's my perception which is subjective at best. As they say, if you make good money that's what counts. I am eager to see more of your charts. Good continuation.

P.S. here is my most memorable comment about these lines many moons ago:
https://futures.io/ninjatrader/5067-median-line-aka-andrews-pitchfork-4.html#post58468

Reply With Quote
The following 2 users say Thank You to trendisyourfriend for this post:
 
  #5 (permalink)
Membership Revoked
Tallahassee
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: currencys
 
Posts: 57 since Jan 2012
Thanks: 0 given, 41 received

Forks have

a mathematical probability built in since they are projections off prior price action...statistics show, price has an 80% probability to reach the next median line once it leaves the current one....I like those odds. Gives you well defined entries and profit targets.

Attached Thumbnails
Swing trading with Andrew's Forks and volume analysis-au-60m.jpg  
Reply With Quote
 
  #6 (permalink)
Membership Revoked
Tallahassee
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: currencys
 
Posts: 57 since Jan 2012
Thanks: 0 given, 41 received

How I start to draw them in...

If you will take note of the last post the image there is of the AU 60min...what is not shown is my downsloping fork...the red dotted lines are the downsloping fork I've been following. The slope is actually just a normal trendline it hits perfect 3 times through there you see the 2nd and 3rd hits...I'll just copy that line and drag it around to other significant swings and if there is frequency there I'll zero in the pivots I need to use and draw in the fork last. If you know a little about Elliot wave theory...a lot of the time wave 4 has the deepest pullback in the trend of the 5 waves and that will be my B and C points A will be the top of wave 1. To be honest as long as you are using signifcant swings high low high low high low, etc. and it looks good use it. Don't be afraid to move the b and C points some. Like I said if it looks good and it catches mulitiple turns, use it. Hope this helps.

KC_test_4 - pipslayer's library

kc_test_5 - pipslayer's library

kc_test_6 - pipslayer's library

These are some short videos of how I go about it.


Last edited by bayfisherman; January 11th, 2012 at 10:26 PM.
Reply With Quote
The following 2 users say Thank You to bayfisherman for this post:
 
  #7 (permalink)
Membership Revoked
Juno Beach
 
Futures Experience: Advanced
Platform: Ninja and TS
Broker/Data: Optimus Futures / Matt
Favorite Futures: multiple
 
JamTheTrader's Avatar
 
Posts: 135 since Sep 2009
Thanks: 22 given, 116 received


bayfisherman View Post
If you will take note of the last post the image there is of the AU 60min...what is not shown is my downsloping fork...the red dotted lines are the downsloping fork I've been following. The slope is actually just a normal trendline it hits perfect 3 times through there you see the 2nd and 3rd hits...I'll just copy that line and drag it around to other significant swings and if there is frequency there I'll zero in the pivots I need to use and draw in the fork last. If you know a little about Elliot wave theory...a lot of the time wave 4 has the deepest pullback in the trend of the 5 waves and that will be my B and C points A will be the top of wave 1. To be honest as long as you are using signifcant swings high low high low high low, etc. and it looks good use it. Don't be afraid to move the b and C points some. Like I said if it looks good and it catches mulitiple turns, use it. Hope this helps.

KC_test_4 - pipslayer's library

kc_test_5 - pipslayer's library

kc_test_6 - pipslayer's library

These are some short videos of how I go about it.

Great work KC, Nice to see you here on Big Mikes

JAM

Reply With Quote
 
  #8 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,497 received

Thanks for the videos, i was wondering, do you trade the Futures (ES, TF, NQ, 6E) I'd like to see some forks for these instruments and compare with what i can produce myself, a cheap way to counter check if i do it correctly. Thanks again.

Reply With Quote
 
  #9 (permalink)
Membership Revoked
Tallahassee
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: currencys
 
Posts: 57 since Jan 2012
Thanks: 0 given, 41 received

Futures


trendisyourfriend View Post
Thanks for the videos, i was wondering, do you trade the Futures (ES, TF, NQ, 6E) I'd like to see some forks for these instruments and compare with what i can produce myself, a cheap way to counter check if i do it correctly. Thanks again.

Updated 1/12/12 22:00 CST

Futures room 6E, CL, TF, NQ, adding gold GC and XAU/usd:

http://www.screencast.com/t/EuqoZ8uTU

Once you are in the library you will be able to scroll around to the other charts.


Last edited by bayfisherman; January 13th, 2012 at 12:05 AM.
Reply With Quote
The following user says Thank You to bayfisherman for this post:
 
  #10 (permalink)
Membership Revoked
Tallahassee
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: currencys
 
Posts: 57 since Jan 2012
Thanks: 0 given, 41 received

EU shorts for the record


Nice run after news...

Attached Thumbnails
Swing trading with Andrew's Forks and volume analysis-eu.jpg   Swing trading with Andrew's Forks and volume analysis-eu-short.jpg   Swing trading with Andrew's Forks and volume analysis-eu-60m.jpg  
Reply With Quote

Reply



futures io > > > Swing trading with Andrew's Forks and volume analysis

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Volume Spread Analysis (VSA) slumlord Traders Hideout 57 December 6th, 2017 01:19 AM
Webinar: FulcrumTrader Cumulative Delta Volume Analysis on CME FX Futures FulcrumTrader The Elite Circle 64 October 6th, 2016 10:59 PM
Macro Analysis - Option Volume Charting TonyB Stocks and ETFs Trading 2 March 8th, 2016 03:04 PM
How does 24-hr. trading affect swing-trading e-mini contracts? dblejeune Traders Hideout 2 November 28th, 2011 08:08 PM
Webinar Trading Video: Live Trading and Technical Analysis of EuroStoxx 50 max-td Trading Reviews and Vendors 1 March 13th, 2010 07:35 AM


All times are GMT -4. The time now is 09:51 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.22 seconds with 20 queries on phoenix via your IP 54.221.76.68