Williams%R, SAR X-over 15 minute candles | Page 313 | Forex Factory

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Williams%R, SAR X-over 15 minute candles

  • #6,241
  • Oct 14, 2024 10:09am Oct 14, 2024 10:09am
Nice first trade of the week, good PA. Caught 2 trades on move up. 2 trades on Bearish Dvrg. first stopped out at B/E, second a small win.
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  • #6,242
  • Oct 14, 2024 10:51am Oct 14, 2024 10:51am
1 more trade, this does for me today. Stopped out for a small win.
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  • #6,243
  • Oct 14, 2024 3:08pm Oct 14, 2024 3:08pm
Quoting rockypoint
Nice first trade of the week, good PA. Caught 2 trades on move up. 2 trades on Bearish Dvrg. first stopped out at B/E, second a small win. {image}
RP, can I ask why with your first trade of the day, you avoided the Bollinger band squeeze fake out short and pulled the trigger for long?
This thread continues to be one of the best on FF
Cheers
  • #6,244
  • Oct 14, 2024 3:27pm Oct 14, 2024 3:27pm
Quoting DwnUndrTrdr
{quote} RP, can I ask why with your first trade of the day, you avoided the Bollinger band squeeze fake out short and pulled the trigger for long? This thread continues to be one of the best on FF Cheers
Well basically 3 reasons First candle breaking down had a bigger wick than candles body, after second candle close 3rd candle opened green. Most of the time I'm not always completely ready to trade at 6:30 and today was a bank holiday in the US so a little worried about thin volume.
  • #6,245
  • Oct 14, 2024 3:49pm Oct 14, 2024 3:49pm
Quoting rockypoint
{quote} Well basically 3 reasons First candle breaking down had a bigger wick than candles body, after second candle close 3rd candle opened green. Most of the time I'm not always completely ready to trade at 6:30 and today was a bank holiday in the US so a little worried about thin volume.
Thank you. Great to hear your thought process.
Enjoy your evening
  • #6,246
  • Oct 14, 2024 10:43pm Oct 14, 2024 10:43pm
Quoting DwnUndrTrdr
{quote} RP, can I ask why with your first trade of the day, you avoided the Bollinger band squeeze fake out short and pulled the trigger for long? This thread continues to be one of the best on FF Cheers
Hi DownUnder

Can I give you my take on how I would have traded ES last night. Rocky is a fantastic trader of ES and I love his ability to stay in a trade untill the signal ends, most traders get scared out and take profits far to early.

We both see similarities in the Bollinger Band squeeze on ES and my approach is more cautious. The best move which I traded was during the London session which is where the big moves on low volume often occur. I love those moves because the speed is slow but dependable.

On Bollinger Band Squeezes on any market, if you follow the trend break out, the winning rate is about 82%.
Therefore I was personally only looking for Long Squeezes myself, which was the first trade Rocky took and there were more several hours later towards the end of the day.

On ES, the odds are still ok trading Squeeze’s against the trend which makes Rocky a master trader.
Unfortunately on EVERY other financial market I have traded, the odds lower down to about 63% for squeezes against the trend.

Without doubt, the US500 Future’s market is an incredible market to trade on trend or without - but on any other market against the trend Squeezes just offers risky trade setups.

Lets just enjoy watching the best trader on FF working his craft.

PS. The trend in my books is by using stacked EMA moving averages 8, 21, 34, 55, 89
PSS. The 2 minute Squeeze offers the best moves in my books but what about other time frames?
As I write, there is a 15 minute Squeeze on ES right now.

Tempting
Trading thin liquidity at the boundary of the charts
  • #6,247
  • Oct 15, 2024 1:42am Oct 15, 2024 1:42am
Quoting RickM
{quote} Hi DownUnder Can I give you my take on how I would have traded ES last night. Rocky is a fantastic trader of ES and I love his ability to stay in a trade untill the signal ends, most traders get scared out and take profits far to early. We both see similarities in the Bollinger Band squeeze on ES and my approach is more cautious. The best move which I traded was during the London session which is where the big moves on low volume often occur. I love those moves because the speed is slow but dependable. On Bollinger Band Squeezes on any market,...
Could you please share some of your experiences to help me avoid this situation? Thank you very much.
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  • #6,248
  • Oct 15, 2024 11:56am Oct 15, 2024 11:56am
Today I overtraded a little bit started with very tight PA. Definite squeeze territory. Waited for market open to see what's happening(not much). Kept looking for a break got a bearish break at 6:40 and entered got a slight drift down then candle closed above midline and exited for a small loss. My bias is towards downside now and at 6:59 got a stronger break down but didn't last another small loss. Got another decent break down at 7:11 again didn't last got out for a small win. Got another break down and jumped in probably 1 candle early, finally got my strong move down and exited on midline cross for a large win. Then price consolidated sideways for an hour then were 2 moves up but not strong ADX stayed flat. At 8:46 price broke down again and I entered was a weak move down and got out after a second candle broke up to midline. Was going to stop there but wound trying an up move but closed it at a tiny win.
PA today was on the weak side for the most part except for one move. Today persistence paid off.
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  • #6,249
  • Oct 15, 2024 11:08pm Oct 15, 2024 11:08pm
Quoting RickM
{quote} Hi DownUnderTrader……….. Tempting
Thank you for taking the time Rick, and providing your insight with a very comprehensive reply.
Greatly appreciated.
Best wishes to you
  • #6,250
  • Edited 4:28am Oct 16, 2024 4:18am | Edited 4:28am
Quoting kalimac1
{quote} Could you please share some of your experiences to help me avoid this situation? Thank you very much. {image}
The best trade you take can often be the one you pass on
Don't trade that rubbish, there is no trend on that chart you posted.

Look at last night on ESZ24 (US500), that's what I call a nice trend.
I didn't trade last night (unfortunately) but if I did - I would have taken that setup and maybe others later. Of course that is a historical chart and any one can be an expert looking at pass price action.
A boring old Momentum indicator set at 12 works well if you need extra reasons to enter, just look for Short Squeezes with the Momentum Indicator moving under the line.
No Established Trend .... No Squeeze supporting the Trend. ..... Momentum Indicator on the wrong side of the line ..... NO F....N TRADE
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Trading thin liquidity at the boundary of the charts
  • #6,251
  • Edited 12:29pm Oct 16, 2024 11:20am | Edited 12:29pm
Simple day today rangy PA. Overall a very weak up trend, so opportunities to trade in both directions. With better results on the uptrend but decent one on the down too.
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  • #6,252
  • Oct 17, 2024 10:54am Oct 17, 2024 10:54am
Got a great start to the day, decent PA. After first 2 trades PA got sloppy, so did results. I am done for the day.
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  • #6,253
  • Oct 18, 2024 11:26am Oct 18, 2024 11:26am
Shitty PA day, Shitty results.
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  • #6,254
  • Oct 18, 2024 7:55pm Oct 18, 2024 7:55pm
Testament to the system and your skills that you finished net positive on such a day
  • #6,255
  • Oct 21, 2024 11:09am Oct 21, 2024 11:09am
Really a good Monday, PA was very tradeable. Morning opened with a 2 hour uptrend not really strong but steady. First three trades continuation trades all small wins as PA got a little more jumpy but continued the trend. A bearish divergence formed a a downtrend took off caught most of it with 2 trades. A bullish divergence formed and turned into another nice trade and that's it for me today. PA was pretty slow and steady which makes trading easier.
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  • #6,256
  • Oct 22, 2024 11:13am Oct 22, 2024 11:13am
Monday good, Tuesday bad. Crap PA today 3 trades for a small profit day, 2 small wins and a loss. I am done for the day.
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  • #6,257
  • Oct 23, 2024 2:11pm Oct 23, 2024 2:11pm
Had too much fun yesterday at a friends engagement party. Little bit of a late start but actually traded longer than usual. Then a nap in the hammock
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  • #6,258
  • Oct 24, 2024 11:15am Oct 24, 2024 11:15am
Not great PA today but tradeable. Some small wins and a couple of small losses plus 2 solid wins. Still in one set at B/E now. After that closes I'm done for the day.
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  • #6,259
  • Oct 24, 2024 11:20am Oct 24, 2024 11:20am
Ok closed the last trade for a solid win. I'm done.
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  • #6,260
  • Oct 24, 2024 11:26am Oct 24, 2024 11:26am
After kind of jumpy start to the day PA settled into a decent down trend not strong but steady.
I've got some extra time on my hands today so I'll go through my trades one by one laying out my thought processes.
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