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Attachments: Williams%R, SAR X-over 15 minute candles
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Williams%R, SAR X-over 15 minute candles

Another nice setup on Bitcoin just fired - a long trade after an extreme tight squeeze.

Bitcoin must be the best trending market out there at present due to the fact Wall Street still can't control this market.
Yes they have released ETF's and offer Future's market on some products but still don't own enough liquidity to be able to hedge this market correctly.
When they do, don't expect BTC to run to $1 million, they will probably short it back to $50K to destroy retail traders and thereafter it will become BORING.

Anyway it was a nice Sunday afternoon trading session for me - and I shorted it back just a bit for some more gain.
The bigger question is why the hell was I trading on a Sunday anyway?
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Trading thin liquidity at the boundary of the charts
Did not trade today. See you manana.
Quoting rockypoint
Did not trade today. See you manana.
Hey Rockypoint i was just reading the thread then i saw some updates just want to ask you are you still using the first post's system or are you updated it?
Quoting kadak
{quote} Hey Rockypoint i was just reading the thread then i saw some updates just want to ask you are you still using the first post's system or are you updated it?
I am using the system you see on my current charts.
Weak PA today bunch of tiny wins/losses and 2 decent wins. Done for the day.
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You were a bit stiff on the first trade and stop out of the day. Such is trading.
Quoting RickM
Another nice setup on Bitcoin just fired - a long trade after an extreme tight squeeze. Bitcoin must be the best trending market out there at present due to the fact Wall Street still can't control this market. Yes they have released ETF's and offer Future's market on some products but still don't own enough liquidity to be able to hedge this market correctly. When they do, don't expect BTC to run to $1 million, they will probably short it back to $50K to destroy retail traders and thereafter it will become BORING. Anyway it was a nice Sunday afternoon...
Hi Rick,
Nice trade! May I ask what BB and TTM squeeze set up you use? Thanks
Quoting RickM
Another nice setup on Bitcoin just fired - a long trade after an extreme tight squeeze. Bitcoin must be the best trending market out there at present due to the fact Wall Street still can't control this market. Yes they have released ETF's and offer Future's market on some products but still don't own enough liquidity to be able to hedge this market correctly. When they do, don't expect BTC to run to $1 million, they will probably short it back to $50K to destroy retail traders and thereafter it will become BORING. Anyway it was a nice Sunday afternoon...
I know the ttm squeeze indicator on TV , it’s that little
dashboard showing mom and squeeze on multi Tf at the bottom left of the price chart that I’m curious to find in TV. Much appreciated !
Quoting benjamintoh8
{quote} I know the ttm squeeze indicator on TV , it’s that little dashboard showing mom and squeeze on multi Tf at the bottom left of the price chart that I’m curious to find in TV. Much appreciated !
Yes, look for MTF Squeeze Pro and you will find it. Simply look for orange dots and trade that market and time frame following the EMA Ribbon. It’s a $$$$ machine.
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Yes, look for MTF Squeeze Pro and you will find it. Simply look for orange dots and trade that market and time frame following the EMA Ribbon. It’s a $$$$ machine.
I have just simple TTM Squeeze ( Ninja Trader 8) , not MTF one. What is BB settings? Thanks
Quoting tanyam
{quote} I have just simple TTM Squeeze ( Ninja Trader 8) , not MTF one. What is BB settings? Thanks
Hi Tanyam

I believe it’s the same as your one ( never use the original version) except it has more bills and whistles.
Check out EUSUD for a Monthly chart Sell, AUDUSD for a 1 hour Selll and most importantly keep extremely close eye on BTCUSD for a 1 hour long signal if it occurs in a few hours time (more likely tomorrow).

Cheers
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Yes, look for MTF Squeeze Pro and you will find it. Simply look for orange dots and trade that market and time frame following the EMA Ribbon. It’s a $$$$ machine.
beautiful thanks
Had along day yesterday, spent about 8 hours on the phone taking care of some Real Estate issues in NY. Ok morning today PA on weak side but tradeable.
Started with break out trade that fizzled quickly and got out for a small win, next trade a bearish divergence for a good win, followed by a continuation trade for a small win, then a bullish divergence for a good win and then a Squeeze break for another small win.
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PA has deteriorated somewhat so just watching now.
Quoting rockypoint
Had along day yesterday, spent about 8 hours on the phone taking care of some Real Estate issues in NY. Ok morning today PA on weak side but tradeable. Started with break out trade that fizzled quickly and got out for a small win, next trade a bearish divergence for a good win, followed by a continuation trade for a small win, then a bullish divergence for a good win and then a Squeeze break for another small win. {image}
Hey RP, enjoying the thread! Just looking at these trades on my chart and trying to understand your process. Do you move your SL quite aggressively as the trade moves in your favour? I ask because waiting for the close of candle on the highlighted exit candles would mean your first trade would be about -5 ticks... Also seems like your third trade went in your favour about 17 ticks, and the exit candle opened about 2 or 3 ticks in negative. Also the last trade would be in the negative a few pips if waiting for candle close. Thank you!

Do you also only trade when you see price making nice swings and not being choppy? I'd like to understand better what sort of conditions you like to trade in. Thanks again!
Do I move Stop aggressively yes, but not until I get to 15-20 ticks profit, before that I exit trades aggressively if i don't like what PA is showing me.
First trade took a BB pinch on break up but after 2 candles in my direction got 2 candles down which left a couples of ticks of profit then after a couple more candles up a stronger candle which had me 6-7 ticks on the losing side. There I started looking to exit as soon as price pulled back to B/E and wound up +3.
If price had taken to -10 I would've exited then.
I'm sorry but I don't see what you are talking about on the third trade for +7.
I also don't see what you mean on last trade of +8.
I try to enter near the close of the candles but will often anticipate the close by a few seconds, same thing on exits when trades on in low profit area, on trades where I'm up 25-30 I'll wait for the candle close.
Forgot to post my last 2 trades a loss and a nice win.
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I only trade for 2-3 hours a day so, I watch my trades very closely. This works for me, for other people it's too stressful. But I have a quirk when trading I hate losing so I get out very quickly if I feel trade is not working. I despise taking my full stop as a loss. If you are ruthless enough you can do Ok with small wins and losses. As long as you don't over trade.
RickM is way more versatile than I am, but that suits him perfectly. He trades more instruments and different time frames, those days are gone for me. Now I just want simple and quick 1 instrument for a couple of hours. This is what suits me.
Quoting rockypoint
Do I move Stop aggressively yes, but not until I get to 15-20 ticks profit, before that I exit trades aggressively if i don't like what PA is showing me. First trade took a BB pinch on break up but after 2 candles in my direction got 2 candles down which left a couples of ticks of profit then after a couple more candles up a stronger candle which had me 6-7 ticks on the losing side. There I started looking to exit as soon as price pulled back to B/E and wound up +3. If price had taken to -10 I would've exited then. I'm sorry but I don't see what...
Thanks a lot for the reply, the 3rd trade can be seen in this image, where the real price closing value is indicated by the pink line (not the HA close as that's obviously not the actual close in case anyone's wondering).... The real closing price shows that the entry and exit candles would likely result in a loss?

Thanks again
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