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the sloppy trader
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the sloppy trader

  #31 (permalink)
Trading for Fun
montreal
 
Futures Experience: Intermediate
Platform: sterling trader
Favorite Futures: gold spy
 
Posts: 75 since Jan 2012
Thanks: 0 given, 8 received


Rad4633 View Post
let me start off by saying ur the first Ive replied to in this way. Its up to you to see what the chart is telling you, hope my chart helps you in some way>>>>> Look at my chart, dont look at the bars etc look at the white dotted 20sma, each of the pitchforks that are straight up didnt line up with PA in the channel and the 20MA is flat wavy, means chop the first fork drew on at 11:07 would have worked but it reversed, I always wait till after it crosses and goes positive to go long, you see on the second @ 4:25 it started in the middle of channel,20 going up PA has crossed 20 then it climbs breaks the fork mean, then you have two options exit on red bar which the dark grey is resistance on my chart or wait till it breaks lower band which could have happened at 6:55 is it had reversed, ur chart will be different from mine but this will give you something to go off of.

Also there is MA on the bottom of mine charts just a FYI, I really trade off a tick chart along with this one, this one shows you direction a little better but I read PA off my tick

Check out the other thread, Good Luck with your quest

At a quick glance your forks are drawn prematurely. I will read your post again but if the stars are to represent entries there is no way you can enter that fast or know that that is the point at which the accumulation point will end. but agian i will check it out again .

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  #32 (permalink)
Trading for Fun
montreal
 
Futures Experience: Intermediate
Platform: sterling trader
Favorite Futures: gold spy
 
Posts: 75 since Jan 2012
Thanks: 0 given, 8 received

your candles are all bodies there are no or very few tails. i cant reproduce this when i pull up this chart i get a bunch of tails.
you have mostly no tails and a few times only one tail




Rad4633 View Post
let me start off by saying ur the first Ive replied to in this way. Its up to you to see what the chart is telling you, hope my chart helps you in some way>>>>> Look at my chart, dont look at the bars etc look at the white dotted 20sma, each of the pitchforks that are straight up didnt line up with PA in the channel and the 20MA is flat wavy, means chop the first fork drew on at 11:07 would have worked but it reversed, I always wait till after it crosses and goes positive to go long, you see on the second @ 4:25 it started in the middle of channel,20 going up PA has crossed 20 then it climbs breaks the fork mean, then you have two options exit on red bar which the dark grey is resistance on my chart or wait till it breaks lower band which could have happened at 6:55 is it had reversed, ur chart will be different from mine but this will give you something to go off of.

Also there is MA on the bottom of mine charts just a FYI, I really trade off a tick chart along with this one, this one shows you direction a little better but I read PA off my tick

Check out the other thread, Good Luck with your quest


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  #33 (permalink)
Trading for Fun
montreal
 
Futures Experience: Intermediate
Platform: sterling trader
Favorite Futures: gold spy
 
Posts: 75 since Jan 2012
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Looking for people that would want to partake in a test


Hi, I'm looking for people that would want to test there software as mine has issues and I have a suspicion that maybe other charting software has the same issues.

All you would have to express your interest. once I have a few people I will give you a chart that you will have to put a line on.

From there we will post pics of the line in different time frames.

I use think or swim and have discovered that my forks move as i change time frames. This is a fact. I will post an example soon.

Now here is the weird part. It seems at a glance that the incorrect forks are actually followed. I'm not sure as I have just started watching it.

What could cause this? Maybe many charting software's have the issue causing many traders to incorrectly place orders?

Who knows.

This is open to any one using any platform. Just let me know what you use (Think of swim users are also welcome).

It would be interesting to see the results.

Even if it is just a Think or swim issue (I'm not sure what volume they account for) but it would be nice to know that maybe your charts are slightly not as accurate as they should be due to people with this issue.

There really is nothing to loose just need like 3 people or so willing to take 5 mins to post a pic. At worst you will at least see the issues that think or swim has.

Thank you for your cooperation

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  #34 (permalink)
Membership Permanently Revoked
copenhagen denmark
 
Futures Experience: Intermediate
Platform: NinjaTrader
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lost the plot

You totally lost the plot .

Please take a look at your charts .

KISS

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  #35 (permalink)
Elite Member
San Diego, CA USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
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the videos in the the first post should prove helpful ....

https://futures.io/elite-trading-journals/11708-gridkings-links-tools-2.html#post171758

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
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  #36 (permalink)
Trading for Fun
montreal
 
Futures Experience: Intermediate
Platform: sterling trader
Favorite Futures: gold spy
 
Posts: 75 since Jan 2012
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I'm still on track no worries.

(I havent traded this week)

Working on these charts is very uninteresting and time consuming. So im getting a bit sloppy.

CAT was a good call because it said buy in all the time frames. To bad I didnt find it myself.

Cat was also close to a multi median line intersection. (median lines are to be seen as gravity)

When it touched this muti median point it produced a Shooting star on the weekly chart. The intersecting medians were also drawn on the weekly chart. I dont believe a shooting star is a good indicator. but i must say that they produce rarely and when they do it is always in an intresting spot.

Since cat has touched two medians that are on different slopes anything can happen at this point and i would not trade it.

So far I have 8 charts and nothing really standing out. to keep up with all the drawings on all the charts will be a huge undertaking that should yield profits. but i question if i should trt something simpler and automated on the side

AVP had a monthly failure in november and i will keep an eye on it even though I really shouldnt watch a stock and assume that all will do the same thing. This is contradictory to the whole game plan.

Sticking to being contradictory, I have decided, to simplify things, I will simply look for entrys like CAT. Even though I was not certain about CAT.

Today i have no signals

CCL plunged down and opened exactly on its monthly median though after hours was slightly lower. Since it broke out of daily and weekly forks I dont have that info to trade it. Strictly based on the monthly chart it is a buy (with a stop naturally) but this may be something you have to hold for a while due to the missing data.

The spy has a couple of days maybe around a week untill it hits some serious resistance. it is in a triangle formation
connect the low of dec 19 with the low of jan 13 to find the bottom of teh triangle that we should eventually break down in to.

So no calls. It is rare that we see price hit a monthly fork line and to find it while it hits a weekly and a daily let alone hourly and 5 min is a pretty rare thing.

Though CAT was not bought at such a time, it did show bullishness in every time frame.

So this kinda sucks.

Lack of data.

This will go away as time goes on and i add charts to my watch list. but also the work load to keep up with them and adjust them will go up. Also things are becoming vague again. its not numbers but more what i perceive. Though my perception should be consistant. it may not be at times i really dont know.

Now I am lost when it comes to software but i got an email from a company that has a system that makes automated forks.

i have no idea what he is talking about, but i think i can have it hooked up.

They wrote:

Ensign does have Yahoo data and DTN Market Access End-of-Day data.

From what i gather i can hook up ensign to yahoo or something else that is free,

teh software has a demo on it and monthly charge not too much.

Id be trading off all my intuition for traceable data... I hope.

The idea woudl be to have ensign make my forks in my time frames for me and i just scroll through them and find on that meets certain criteria.

This owuld mean that esign would have to pull up forks on a bunch of stocks in the month week and day view and plot them.

hopefully those forks will all show up on the same page. on a system that is as easy to use as think or swim .

Has any one used this?

so alls come to a complete stop.

for now i will try to find some stocks nearing the monthly fork only to save time as they get close to the monthly, i will update weekly and dailys.

hopefully this saves some time.

like my posts my plan has gotten sloppy.

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  #37 (permalink)
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montreal
 
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screening based on volume yielded some help but no stocks were found right at the bottom or top of a fork. rather this brought up stocks that were at the median line. ill keep trying

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  #38 (permalink)
Trading for Fun
montreal
 
Futures Experience: Intermediate
Platform: sterling trader
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Posts: 75 since Jan 2012
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STUCK

Using drawings has its limitations it seems.

Is there no where that one can get a lits of stocks that are hitting the lines of an andrews pitchfork ? or are we expected to keep all our charts up to date every single day and screen through them ?

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  #39 (permalink)
Trading for Fun
montreal
 
Futures Experience: Intermediate
Platform: sterling trader
Favorite Futures: gold spy
 
Posts: 75 since Jan 2012
Thanks: 0 given, 8 received

BK fell from the daily median to the bottom of the fork.
BTU made a lower low compared to yesterday

CAT's last 12 days showed 11 green bars all going up. today high and low both seem to be lower then yesturday. Confirming that price has founds its median line and is expected to stay around here while it chose which of the 2 medians to follow.

CCL was up about 1 $ from the middle of yesterdays bar.

These are just a few from the ones that i have on my watch list. I will try to add more and post my sentiment for each.

It is important to note that since thus far my minimum time frame is daily charts. I am looking for stocks that have both a higher high and lower low compared to yesterdays bar. I understand that over night trading can actually go up and during the day there can be a sell off that will still show higher highs and lows. but we will fix that up in teh hourly charts when see a stock that we feel we should look at the hourly chart.

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  #40 (permalink)
Trading for Fun
montreal
 
Futures Experience: Intermediate
Platform: sterling trader
Favorite Futures: gold spy
 
Posts: 75 since Jan 2012
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!! A call to all fork lovers !!


What is needed is a maintained data base of stocks approaching there monthly forks. I understand that this is hard work but i feel it is priceless to fork traders as it is the only true way to screen. I'm all up for posting mine on here as i add ones and alert people when they are hit.

But this would only be done if others participate. In essence we would be sharing the major work between us. But realistically i dought any one would participate as this is more of a messy blog. But if there is interest I would be willing to do it in a more professional way. Again since no one answered my cry to verify if forks on other platforms move around i dought there will be a response. but maybe down the line when im the big mikes trader of the year and have a bunch of people posting potential resistance on my blog some may come here and join me there.

Anyways i will either continue adding charts to my small watchlist or try to get some forking soft ware working.

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