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Akuma99 Not So Squeezy Journal

  • #321
  • Oct 11, 2006 8:31pm Oct 11, 2006 8:31pm
Hello,

Akuma, today I followed your system on the euro/usd and gbp/usd and had I been monitoring my trades instead of setting trailing stops(less than 20 pips) I could have reap a nice profit of around 90+ pips if I had exited around the bottom touch of the band at around 21:30 GMT+2. Even though it was a demo with MBTrading it hurt. I can only imagine what it feels like when is real money! Do you ever use trailing stops when you can not monitor your trades? What would be the best exit strategy then?

Thank You.
All 4 1 and 1 4 All
  • #322
  • Oct 11, 2006 9:03pm Oct 11, 2006 9:03pm
4rex, If I am not around to monitor a trade I do one of two things:

1. Don't take the trade if I don't view it as a high probability trade.
2. Set a take profit target based on the current position of the Bollinger Bands, or a fibonacci extension.

I don't use trailing stops, don't like them but that is just me. Setting your target at the current level of the BB will 99% of the time ensure it is reached if the strong move you are anticipating happens, as when volatility expands, so does the bollinger band, so for example if you are long, looking for the upper BB, when a strong move happens, the bands expand, with the top band moving up, bottom band moving down, if you take profit is at the current BB level, by the time price gets to it, the band would have expanded above that level, so you should be ok. Sure you miss the end of the move, but that is the price to pay for not being able to monitor the trade.

The other option of course is to just not take the trade, there will be plenty more, and the one risk you run is not being able to lock in break even as you can when you are monitoring your trades.
You can quit and they won't care, but you will always know.
  • #323
  • Oct 16, 2006 3:26am Oct 16, 2006 3:26am
Hello Akuma. Do you think it would be possible to create an alert that sends off an email when a bluezone first appears on the Bollinger Squeeze? I think it would be very helpful to have an alert like this sent to my cellphone as a heads up to a potential trade.

All the best,

Michael
Michael fxgorilla
  • #324
  • Oct 26, 2006 7:15pm Oct 26, 2006 7:15pm
Hey Akuma, I don’t care if Shane Warne rigged cricket matches, you Aussies are all right. I owe you a big thank you for all the knowledge you have imparted!! I look forward to manual #2, edition one was great. I wish I had your understanding of price action but I’m on a Forex education binge, so I’m sure a deeper understanding is around the corner.

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o> </o>

I had a few questions if you don’t mind…

<o> </o>

I know you mentioned trying to adapt the system to capture the trades going against the major trend, do you have any thoughts on this or have you abandoned the idea altogether?

<o> </o>

Lastly, I have been trying to trade naked with improving, but limited success… My question is, under what circumstances do you go away from the not so squeezy method and employ your other techniques?

<o> </o>

I really appreciate your input!!

<o> </o>

David
  • #325
  • Oct 26, 2006 8:16pm Oct 26, 2006 8:16pm
Hi David, and thanks for the kind words. Your efforts to trade naked I assure you will benefit you in the long run, even if you don't end up trading naked in the future, the lessons you learn from following price action alone will come back to you no matter what system you end up trading.

Quote
I know you mentioned trying to adapt the system to capture the trades going against the major trend, do you have any thoughts on this or have you abandoned the idea altogether?

I have had a look at this concept, and in part 2 of the manual, if I ever get it done , I have an idea that can be tried by others that seems to work well. The thing however with counter-trend trading, apart from the difficulty in timing, is the moves are smaller, as well of course as a little more risky, for most it probably really isn't necessary to trade them, but Ill throw them in anyway. Personally I rarely try to trade them, unless I have a reason to think that it will more than just a correctional move.

Quote
Lastly, I have been trying to trade naked with improving, but limited success… My question is, under what circumstances do you go away from the not so squeezy method and employ your other techniques?

I always maintain a template with the squeezy method set-up, even if not trading it just to have a quick confirmation check now and then. Market conditions and my mood tend to tell me when I trade the system or I don't, there is no real solid reason why I may move away from it, I guess just call it a "feeling". It doesn't mean the squeezy method doesn't work during those time though, it just means my mindset is not condusive to that particular system, perhaps I want to scalp a small trade and head to the golf course, or I know I will be away for a day or two and want to swing trade off longer timeframes, there are many reason.

Best of luck David, and glad to hear you think us Aussies are still ok, despite good 'ol Warnie.
You can quit and they won't care, but you will always know.
  • #326
  • Oct 26, 2006 8:58pm Oct 26, 2006 8:58pm
Hey Akuma, thanks for the prompt reply! In the interest of collaboration… I have been demo-trading a hybrid of the “not so sqeezy” and “Bagovino” method. The Bago method in summary uses a 5EMA and a 12EMA coupled with a RSI21 – 50 cross. The Bago method I have been using to capture counter-trend trades with the BB’s as my price parameters. The trick I have found is just not to get greedy with the counter-trend stuff, trade 1 lot, tight stop, and close the trade when price reaches the second BB. When I am trading with the trend or in a ranging market I use the “not so squeezy” method with no Bago influence or deviation from the squeezy rules.

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o> </o>

Bagovino thread http://www.forexfactory.com/forexforum/showthread.php?t=7603&page=1&pp=15

<o> </o>

I am by no means an experienced trader, but I thought I would share some thoughts.

Akuma, thanks for all you have done here!!

<o> </o>
  • #327
  • Oct 26, 2006 9:20pm Oct 26, 2006 9:20pm
Quoting Akuma99
Hi David, and thanks for the kind words. Your efforts to trade naked I assure you will benefit you in the long run, even if you don't end up trading naked in the future...just call it a "feeling". It doesn't mean the squeezy method doesn't work during those time though...
Aren't we glad our wives don't read this stuff not knowing what we are really talking about! grin.

Great stuff as always Akuma (your thoughts on trading, and you're a funny guy to boot).

Cheers,
Thom
  • #328
  • Oct 27, 2006 9:45am Oct 27, 2006 9:45am
Heheh yes you are right Thom ...

... ok 1am, so time to hit the sack ... so I'll let pictures tell this story of this evenings data figures ... have a great weekend!

http://img104.imageshack.us/img104/7769/usdjpyqt9.gif

http://img104.imageshack.us/img104/2259/usdchfnw1.gif

http://img104.imageshack.us/img104/8889/gbpusdgr3.gif

You can quit and they won't care, but you will always know.
  • #329
  • Nov 3, 2006 12:24pm Nov 3, 2006 12:24pm
woow, how a wonderful thread. thank you for sharing your systems, Akuma. keep going
  • #330
  • Nov 24, 2006 9:29am Nov 24, 2006 9:29am
Just missing your updates. Thanks CP
  • #331
  • Nov 24, 2006 3:19pm Nov 24, 2006 3:19pm
Wow... thats some nice trades there Akuma!
  • #332
  • Nov 24, 2006 4:51pm Nov 24, 2006 4:51pm
Quote
Just missing your updates. Thanks CP

Hey CP, I am still around, sorry about the lack of updates, too many fingers in too many pies at the moment so my time is short to update this area ... however let's have a lash now.

In such strong trending conditions as we have seen this week, we would hope this system would be able you get you in a couple of times in the trend, if not then the system would need some looking at. Thankfully there were plenty of chances for entries, here are a couple of examples of easy profitable trades over the last couple of days, I have chosen these pairs as examples as their correlation is low, no use showing you a EURUSD trade and then a USDCHF trade as they are just mirror images of each other ...

http://img247.imageshack.us/img247/3240/gbpusdcy8.gif

http://img247.imageshack.us/img247/595/usdcadef9.gif



.. and to display that things are always that smooth, here is the latest EURJPY cross chart, still some profitable opportunities, but a little harder to trade ...

http://img247.imageshack.us/img247/4923/eurjpyar9.gif



Have a great weekend!

Cheers
Akuma99

You can quit and they won't care, but you will always know.
  • #333
  • Dec 1, 2006 12:12pm Dec 1, 2006 12:12pm
Thanks for the updates Akuma, Here's my latest trade using your method, eur/usd classic entry this morning @.3244 for a 70 pip gain (could have been more but I'm happy). News helped however even without news it would have been a good trade. I'm liking this method of yours more and more each week I use it. Keep up the good work!
CP
Attached Image
  • #334
  • Dec 2, 2006 3:38am Dec 2, 2006 3:38am
Quoting capitalist pig
Thanks for the updates Akuma, Here's my latest trade using your method, eur/usd classic entry this morning @.3244 for a 70 pip gain (could have been more but I'm happy). News helped however even without news it would have been a good trade. I'm liking this method of yours more and more each week I use it. Keep up the good work!
CP
Hi C-PIG,
could you please post the Bsqueeze+CCI indicator?
thanks,
mario
  • #335
  • Dec 2, 2006 7:22am Dec 2, 2006 7:22am
Quoting capitalist pig
Thanks for the updates Akuma, Here's my latest trade using your method, eur/usd classic entry this morning @.3244 for a 70 pip gain (could have been more but I'm happy). News helped however even without news it would have been a good trade. I'm liking this method of yours more and more each week I use it. Keep up the good work!
CP
Well done on a great trade ... excellent job ... roter here is my indicator for you ...
Attached File(s)
File Type: mq4 Bollinger Squeeze Advanced.mq4   6 KB | 764 downloads
You can quit and they won't care, but you will always know.
  • #336
  • Dec 2, 2006 9:34am Dec 2, 2006 9:34am
Akuma the praise should be yours!
If I may I've got a slightly off topic MT4 question for you? Earlier in this thread you posted how to show gold/silver, SP500, and QQQQ charts/quotes via MT4. I did as you said, right clicked in the market watch window, selected all. The result was adding only the gold and silver charts and a few new cross charts. I searched all MT4 related gouge on this forum and found there are many different companies providing MT4 so I downloaded the Alpari and StrategyBuilder versions to add to my MetaTrader copy. I did the same thing on both Alpari and Strategy but got even less results with no metal or even cross charts, just added a few new pairings. My question is I want the SP500 and QQQQ charts too not to mention I'd like to have a few stock charts if possible, so is there another company that has all these in their feed or can I maybe add them manually? Also I notice when I bring up the gold chart it is titled XAUUSD or silver is XAGUSD. Your examples earlier are titled what they are eg., GOLD, SP500, QQQQ ect. Why are mine not titled like yours?
Thanks once more Mate!
  • #337
  • Dec 2, 2006 11:23am Dec 2, 2006 11:23am
Quoting Akuma99
... roter here is my indicator for you ...
Thanks Akuma.
  • #338
  • Dec 3, 2006 6:30am Dec 3, 2006 6:30am
Quoting capitalist pig
Akuma the praise should be yours!
If I may I've got a slightly off topic MT4 question for you? Earlier in this thread you posted how to show gold/silver, SP500, and QQQQ charts/quotes via MT4. I did as you said, right clicked in the market watch window, selected all. The result was adding only the gold and silver charts and a few new cross charts. I searched all MT4 related gouge on this forum and found there are many different companies providing MT4 so I downloaded the Alpari and StrategyBuilder versions to add to my MetaTrader copy. I did the same thing on both Alpari and Strategy but got even less results with no metal or even cross charts, just added a few new pairings. My question is I want the SP500 and QQQQ charts too not to mention I'd like to have a few stock charts if possible, so is there another company that has all these in their feed or can I maybe add them manually? Also I notice when I bring up the gold chart it is titled XAUUSD or silver is XAGUSD. Your examples earlier are titled what they are eg., GOLD, SP500, QQQQ ect. Why are mine not titled like yours?
Thanks once more Mate!
Pretty sure those charts were with North Finance, I have attached their demo server file, just place it in c:/Program Files/Metatrader 4/config folder, restart Metatrader and open a new demo account (if that is what you want) with them through the File menu.
Attached File(s)
File Type: zip NorthFinance-Demo.zip   < 1 KB | 594 downloads
You can quit and they won't care, but you will always know.
  • #339
  • Dec 4, 2006 10:52am Dec 4, 2006 10:52am
Their all there and it works great! Cp
  • #340
  • Dec 8, 2006 10:18pm Dec 8, 2006 10:18pm
Hi akuma,how's your part 2 of manual ? Can't wait to see it released soon.
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