Pivot Point Squeeze, high probability system | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Open Trade near Pivot line (Pivot Point) 16 replies

5/15 minutes time frame high probability system by Almo 929 replies

Point system to destinguish high or low probability trades? 3 replies

High probability Trading System 2 replies

Pivot point reference point? 7 replies

Attachments: Pivot Point Squeeze, high probability system
Exit Attachments

Pivot Point Squeeze, high probability system

  • #81
  • Nov 28, 2007 9:36pm Nov 28, 2007 9:36pm
Quoting nklin88
yesterday my chart didnt hav any trade also, the triggered
line not cut yet, so will it have a different setting??
No there was no signal yesterday, using the eur/usd is possible using this system but its a grind. This doesnt give too many signals so using yen crosses maximizes profits.

http://img101.imageshack.us/img101/9...xeurusdhq0.png
  • #82
  • Nov 28, 2007 11:22pm Nov 28, 2007 11:22pm
sori if this question had been ask....

instead of ej, what others currencies suit to this strategy??

i think eu is hard to have a valid signal..
  • #83
  • Nov 29, 2007 12:20am Nov 29, 2007 12:20am
hi colostarr , i cant pm u due to my less postcount , however i post the question in the BAT thread, thanks for ur help
  • #84
  • Nov 29, 2007 3:00am Nov 29, 2007 3:00am
Possible entry setting up on the euroyen

http://img523.imageshack.us/img523/6...xeurjpybe1.png
  • #85
  • Nov 29, 2007 5:51am Nov 29, 2007 5:51am
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
This looks great...How do I put it on my chart...did you buy it?
Thanks Sir,
Arnoldchidi
  • #86
  • Nov 29, 2007 5:51am Nov 29, 2007 5:51am
[quote=GCTrader1;1736494]
Quote
Possible entry setting up on the euroyen
I entered short below the central pivot at 162.49 I am trailing the move down . the hourly wasnt quite ripe so I moved down to the 30 min chart and took the signal from that time frame. I use heiken ashi candles to trail my stop and that usually gets me most of the move but Looks like I may be giving quite a bit back on this one. We will see
p.s I loved the rainbow I made with the bollingers but it got in the way of price action and is unnecessary so I had to take it off. I still use it as a quick visual reference but when it comes down to trading I like naked price action.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Spot.png Size: 19 KB
BTC Return This Year: na
  • #87
  • Nov 29, 2007 6:10am Nov 29, 2007 6:10am
Quoting M.A.C.Doug
I dont have a squeeze or even close, we must be using different formula on the BB's
Sir,
How do I put the Pivot Point Sqeeeze on my chart.I need it on it.
Waiting for your explainations on this.
Best regards,
Arnoldchidi
  • #88
  • Nov 29, 2007 6:44am Nov 29, 2007 6:44am
Quoting M.A.C.Doug
I dont have a squeeze or even close, we must be using different formula on the BB's
Sir,
How do I put the Pivot Point Sqeeeze on my chart.I need it on it.And how does it work?
Waiting for your explainations on this.
Best regards,
Arnoldchidi
  • #89
  • Nov 29, 2007 6:53am Nov 29, 2007 6:53am
[quote=Arnoldchidi;1736838]
Sir,
Sorry what I have in mind is the BBs[Bolingar Band Squeeze] .
Best regards,
Arnoldchidi
  • #90
  • Nov 29, 2007 2:14pm Nov 29, 2007 2:14pm
The bands werent nearly constricted enough, its still needed to trade around the pivot point for longer to narrow the bands and make the breakout more convincing...

Remember, if your changing timeframes from your usual setup, its because your looking for what you want to see rather than what the charts are really showing.

GCTrader

http://img403.imageshack.us/img403/2...xeurjpyzi4.png
  • #91
  • Nov 29, 2007 7:24pm Nov 29, 2007 7:24pm
Quoting M.A.C.Doug
I dont have a squeeze or even close, we must be using different formula on the BB's
Try changing the bands period..some would say...i have changed to suit myself...hehehe...and the market does not care...but changing the period sometimes works..but it has to be checked for longer time say one week to make it worthwhile..
  • #92
  • Edited 6:45pm Nov 30, 2007 6:28pm | Edited 6:45pm
Quoting Arnoldchidi
Sir,
How do I put the Pivot Point Sqeeeze on my chart.I need it on it.And how does it work?
Waiting for your explainations on this.
Best regards,
Arnoldchidi
I am not an expert on Bollinger bands but I understand their use for this strategy so I will answer your question as best I can

how to put them on your chart

Very easy. Add bollinger bands to your chart from your indicators. You should be able to change the parameters for colour and moving average period. Keep adding new bollingers with different colours and increasing the moving average as suggested in the pdf file provided for this strategy early in this thread

How they work

When price trades in a narrow range, It builds energy for the next move. The longer price remains constricted, the more energy it builds and so the bigger the breakout move is expected. Bollinger bands constract during the consolidation and reveal a trading opportunity is approaching. That is the squeeze and is very useful in determining good times to trade. The hard part is then timing the breakout and picking the direction. CGT has provided a technique whereby when the strategy conditions are met, is very accurate in providing an early entry in the correct direction, complete with two exit strategies. Brilliant!
BTC Return This Year: na
  • #93
  • Dec 1, 2007 2:03pm Dec 1, 2007 2:03pm
GtcTRADER1 , if i wish to trade other pair using this method , are there any possibility??

if have, what input on bbandwidth will suitable, thanks
  • #94
  • Dec 2, 2007 5:53am Dec 2, 2007 5:53am
Ahmen to that sir...THAT very thing got me on Friday...I think I will stick to the 1h time frame for this method.....
Quoting GCTrader1
The bands werent nearly constricted enough, its still needed to trade around the pivot point for longer to narrow the bands and make the breakout more convincing...

Remember, if your changing timeframes from your usual setup, its because your looking for what you want to see rather than what the charts are really showing.

GCTrader

http://img403.imageshack.us/img403/2...xeurjpyzi4.png
  • #95
  • Dec 2, 2007 10:08am Dec 2, 2007 10:08am
Quoting nklin88
GtcTRADER1 , if i wish to trade other pair using this method , are there any possibility??

if have, what input on bbandwidth will suitable, thanks
Hello nklin,
I may trade GJ with minor change on banwidth indicator to trigger at 0.85, may be with filtering further using increasing macd bar at least 3 bar at initial crossing.(or u may add some filter indicator of your choice-but I think this system is nearly complete)

MAC Doug- what your suggestion?Just to make sure that the initial move after band constriction is a pure trend and not just minor retracement.

To GCT Trader 1-I love your squeeze indi at the bottom of your previous chart.Nway-keep goin w this marvellous system(and nice lookin)
I'm super newbie-give me direction.
  • #96
  • Dec 2, 2007 7:12pm Dec 2, 2007 7:12pm
..ops...trigger level at bandwith 0.85 is to sensitive,reset to 0.56

Happy Trading.
  • #97
  • Dec 2, 2007 7:20pm Dec 2, 2007 7:20pm
Nice MACDoug, seems like you know what your talking about. But with the settings for the bollinger bands, as you add more bollinger bands you add 0.2 to the deviation not the sample period.

I will have to get back to you about the best settings for the cableyen, that pair is insane so hope you dont have a weak heart!

No trades surfacing yet but will keep you posted. 2 of my screens are down and that is soooo anoying so trying to rectify that atm!

Talk soon,

GCTrader
  • #98
  • Edited 7:27pm Dec 3, 2007 7:05pm | Edited 7:27pm
Possible breakout signalling soon as you can see from the bollinger bandwidth dropping to 0.0037. Hope to see some nice action...

http://img155.imageshack.us/img155/7...eurjpy7wv4.png

;No signal yet tho....
  • #99
  • Dec 4, 2007 4:14am Dec 4, 2007 4:14am
I love this system

http://img127.imageshack.us/img127/6...eurjpy8ka3.png
  • #100
  • Dec 4, 2007 8:14am Dec 4, 2007 8:14am
I do not the bandwidth indicator working well for MT4, I cannot get my settings to be 0.0056, they are 0.056... I think.

Can anyone help here.

Also GCTrader1, does this work on other pairs?#

thanks,
Guess

Quoting GCTrader1
I love this system

http://img127.imageshack.us/img127/6...eurjpy8ka3.png
0 traders viewing now