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Pivot Point Squeeze, high probability system

  • #61
  • Nov 27, 2007 4:04pm Nov 27, 2007 4:04pm
Attached is a trade using the b.bands squeeze as a primary indicator that the price was going to jump. I scalp and this squeeze is proving effective on the small timeframes. I also trust Guppy and you will see that on the chart. I also use Dollie's original Setup. If you are interested in her method please check out her thread.

Thanks again GT for sharing your method. I will continue to use the squeeze as a way of setting up trades.

Jake
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy11271.gif Size: 48 KB
  • #62
  • Nov 27, 2007 4:19pm Nov 27, 2007 4:19pm
Attached is a trade I just got out of for 9 pips using the Squeeze to tell me that a move was coming.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy11272.gif Size: 48 KB
  • #63
  • Nov 27, 2007 6:18pm Nov 27, 2007 6:18pm
It can be used on smaller time frames, in particular the 10min. That is how i started this system. I entered when it was considered constricted and set a stop loss of 20 pips and a take profit of 20 pips. It nearly always hit my TP within the hour if not less. So for the scalper, this can set up some nice entries as well!

GCTrader
  • #64
  • Nov 27, 2007 6:46pm Nov 27, 2007 6:46pm
Quoting jcblcs79
Attached is a trade using the b.bands squeeze as a primary indicator that the price was going to jump. I scalp and this squeeze is proving effective on the small timeframes. I also trust Guppy and you will see that on the chart. I also use Dollie's original Setup. If you are interested in her method please check out her thread.

Thanks again GT for sharing your method. I will continue to use the squeeze as a way of setting up trades.

Jake
Thanks alot for the info on the Guppy, goooood stuff! So is that the GMMA indicator in the middle of the other bands? Did you have to purchase them? And if not where are they available? Thanks!
PipHunter
  • #65
  • Nov 27, 2007 7:13pm Nov 27, 2007 7:13pm
here you go... also, there is a ton of info on guppy... just google it.
Attached File(s)
File Type: ex4 GMMASlow.ex4   3 KB | 1,011 downloads
File Type: mq4 GMMA Short.mq4   3 KB | 1,055 downloads
  • #66
  • Nov 27, 2007 7:41pm Nov 27, 2007 7:41pm
This should be fun. How long have you been using them?
PipHunter
  • #67
  • Nov 28, 2007 5:29am Nov 28, 2007 5:29am
Quoting jcblcs79
Attached is a trade using the b.bands squeeze as a primary indicator that the price was going to jump. I scalp and this squeeze is proving effective on the small timeframes. I also trust Guppy and you will see that on the chart. I also use Dollie's original Setup. If you are interested in her method please check out her thread.

Thanks again GT for sharing your method. I will continue to use the squeeze as a way of setting up trades.

Jake
DEAR ..... JCBLCS 79

THANK YOU FOR YOUR GRET WORK ...

CAN YOU SEND YOUR TEMPLATE ......

THANKS AGAIN
  • #68
  • Nov 28, 2007 5:53am Nov 28, 2007 5:53am
I love when I wake up and a trade is brewing. I usually am late on these great moves. See attached chart for details.

Ziko, I use Dollies System as my primary indicator. Please read through her thread to get all of those details http://www.forexfactory.com/showthread.php?t=28935.

Other then that I am using the b.bands squeeze as explained by GTC on this thread. I am also strong believer in the Guppy Fast and Slow Moving Averages. This gives me a great feel for the market. If you backtest the GMMA with the Squeeze you'll be amazed by the amount of pips that can be made during these times. They don't happen often but if you are patient I believe this in itself can be an extremely profitable method... just look at the chart below as a current example. The Gbp/Yen did the same move but I didn't get in on that.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy11281.GIF Size: 48 KB
  • #69
  • Nov 28, 2007 7:38am Nov 28, 2007 7:38am
Very nice system, I will give it a try. Thanks for sharing.

AL
AL
  • #70
  • Nov 28, 2007 7:51am Nov 28, 2007 7:51am
Whoever is better programmer than I am can process the "semiproduct" mq4 which I have enclosed here from post 33 into an indicator or even EA?
Attached File(s)
File Type: mq4 SQUEEZE.mq4   2 KB | 1,462 downloads
  • #71
  • Nov 28, 2007 10:26am Nov 28, 2007 10:26am
GCT Nice strategy. I am in the middle of writing it up in Easy Language. How is the Trigger level calculated? I see that you use 0.0056 for EURJPY would it be different for other pairs?
  • #72
  • Nov 28, 2007 2:23pm Nov 28, 2007 2:23pm
hi, Colostarr, , cant send pm to you due to my post count, do u hav ym, i hav something to ask u about the bat, thanks, it is not good to discuss here.....
  • #73
  • Nov 28, 2007 2:35pm Nov 28, 2007 2:35pm
At the moment, that level is set manually for each different pair. This is temporary as I am trying to work at the math behind getting that calculated automatically.

Nice trade in the aussie atm!


http://img252.imageshack.us/img252/8...xaudusduc1.png
  • #74
  • Nov 28, 2007 6:13pm Nov 28, 2007 6:13pm
this was one of your high probability entries on a break of the central pivot. using the macd to exit you would have bagged 100 pips - fantastic!
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  • #75
  • Nov 28, 2007 6:38pm Nov 28, 2007 6:38pm
I'm using bollinger bands, patterns and SR's ..I just clubbed the strategy.

At the moment 7.30 PM EST...EURUSD is showing very high squeeze..may be a breakout is in the way..cannot see any patterns...but volatility is squeezed...don't know which direction it will go...any ideas?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 42 KB
  • #76
  • Nov 28, 2007 6:58pm Nov 28, 2007 6:58pm
Looks like the direction is south in EURUSD, USDCAD has similier squeeze..it could shoot up
  • #77
  • Nov 28, 2007 7:09pm Nov 28, 2007 7:09pm
Does anyone have any good suggestions on how to handle/avoid fake BB breakouts? For example when price appears to break lower from a tight channel but then suddenly reverses and then goes up?
  • #78
  • Nov 28, 2007 7:54pm Nov 28, 2007 7:54pm
Quoting spiderforex
I'm using bollinger bands, patterns and SR's ..I just clubbed the strategy.

At the moment 7.30 PM EST...EURUSD is showing very high squeeze..may be a breakout is in the way..cannot see any patterns...but volatility is squeezed...don't know which direction it will go...any ideas?
I dont have a squeeze or even close, we must be using different formula on the BB's
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Spot.png Size: 36 KB
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  • #79
  • Nov 28, 2007 9:07pm Nov 28, 2007 9:07pm
Quoting a777
Does anyone have any good suggestions on how to handle/avoid fake BB breakouts? For example when price appears to break lower from a tight channel but then suddenly reverses and then goes up?
I was wondering the same thing. A breakout after a squeeze is extremely reliable but the inital move doesent always indicate where price will end up when the breakout is done. It usually does either one of two things
1. continue moving in the direction of the initial move
2. retrace the original move and then move the same distance or more in the opposite direction

To handle a false breakout
If you place a stop and reverse order, instead of just a stop on the first trade. it looks like you would almost always at least recover your losses on the losing trades. Sooner or later a scenario will occur where both trades lose but that looks like a very rare occurence

To avoid a false breakout
I think the best alternative though is to take only the high probability signals in the indicated direction as CGT's system advocates. Trade less but win more trades with less stress and a smooth equity curve. As usual, patience and discipline go with success in trading
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  • #80
  • Nov 28, 2007 9:07pm Nov 28, 2007 9:07pm
yesterday my chart didnt hav any trade also, the triggered
line not cut yet, so will it have a different setting??
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