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Pivot Point Squeeze, high probability system

  • #341
  • Dec 19, 2007 8:38pm Dec 19, 2007 8:38pm
it looks like the g/j is ready to breakout, the BB are all consolidated and ready to explode, just a nice butterfly getting ready to fly. My guess is a move up to the 227 area from here. We will see in the next next few hours...any thoughts
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  • #342
  • Dec 19, 2007 9:00pm Dec 19, 2007 9:00pm
Quoting jamesr24
it looks like the g/j is ready to breakout, the BB are all consolidated and ready to explode, just a nice butterfly getting ready to fly. My guess is a move up to the 227 area from here. We will see in the next next few hours...any thoughts
If you take a look at a 4 hour chart it just broke out pretty big so this move shouldn't be big,
also take a look where the pivot point is, it's ~50 points away so it won't be as easy to say where it will go, it might break down ~80ish points down to the weekly S1 and come back up since the weekly has more influence on it than the daily, can't say for sure until PA doesn't start moving based simply on that time frame but ya it's moving together nicely, looking at the 15min chart it has a tight gap currently :-)

Just my 2c, not sure how right I am, I haven't traded all this live yet just live tested months of history so far,

good luck if you take anything on this
  • #343
  • Dec 19, 2007 9:04pm Dec 19, 2007 9:04pm
O, also I just checked G/U and U/J and seems they will take some time consolidating, wonder if that means G/J will die down even more since the other 2 will take some hours, not sure if it has any effect.
  • #344
  • Dec 19, 2007 9:08pm Dec 19, 2007 9:08pm
can someone post the SQUEEZE indicator, i dont have , thank you
  • #345
  • Dec 19, 2007 9:11pm Dec 19, 2007 9:11pm
Quoting nklin88
can someone post the SQUEEZE indicator, i dont have , thank you
post #70 i think

http://www.forexfactory.com/attachme...8&d=1196257856
  • #346
  • Dec 19, 2007 11:04pm Dec 19, 2007 11:04pm
Hello.
I can not upload szueeze indicator on my MT4 chart please
Thank.
Cha.
  • #347
  • Dec 20, 2007 2:31am Dec 20, 2007 2:31am
Hi,

Can anyone explain in a simple manner the process of entering a trade . (I have downloaded the MT template from FXhermit.) Plus how you know the direction in which to place an order.

Great work by every one on this subject.

Thanks
Nightpipper.
  • #348
  • Dec 20, 2007 3:15am Dec 20, 2007 3:15am
possible trade coming on aussie, bandwidth is down to .004 on the hourly
as for entering the trade read over the first couple of pages of the thread and you'll know, but it's bandwidth+narrowing bollinger bands+pivot points for direction and confluence
sorry don't have much time atm
  • #349
  • Dec 20, 2007 6:28am Dec 20, 2007 6:28am
AUDUSD is down to a 0.003 on the PP, keep an eye on it for a breakout.

Also, here are voice entry signals to replace a bell. They say in a sexy female voice(always helps) buy euro yen, 10 minute. And other ones. Let me know what other pairs you want, works very well on my computer!

GCTrader
Attached File(s)
File Type: zip Trading voice signals.zip   431 KB | 797 downloads
  • #350
  • Dec 20, 2007 6:37am Dec 20, 2007 6:37am
Yet again I miss out on a nice trade, anyone make some pips on this?

http://img337.imageshack.us/img337/2...xeurjpyqb6.png
  • #351
  • Dec 20, 2007 6:54am Dec 20, 2007 6:54am
Quoting nightpipper
Hi,

Can anyone explain in a simple manner the process of entering a trade . (I have downloaded the MT template from FXhermit.) Plus how you know the direction in which to place an order.

Great work by every one on this subject.

Thanks
Nightpipper.
Hi Nightpipper,

Check out the doc on page 3 of this thread, that outlines the concept of this strategy. The indicators and backtests are not based on MT4 charts, they are based on IT-Finance charts which are available through-

http://www.prorealtime.com/common/partner.phtml?page=main&language=EN&from=GCT

You can sign up for a trial to check it out, just copy and paste the code!
  • #352
  • Dec 20, 2007 7:26am Dec 20, 2007 7:26am
thank you


Quoting jonaslt
post #70 i think

http://www.forexfactory.com/attachme...8&d=1196257856
  • #353
  • Dec 20, 2007 9:14am Dec 20, 2007 9:14am
Hi,

The last two nights (Pacific Standard Time) have been brilliant for this trading method... wonder how long that will last.

Good stuff...thanks.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy1.gif Size: 39 KB
  • #354
  • Dec 20, 2007 9:32am Dec 20, 2007 9:32am
Hi GCtrader,

Have been following your thread, addicted to it! Thanks so much.

I managed to set up the first Squeeze indicator & probacktest. I cant seem to get the new auto-update trigger indicator right though. Could you please do another one of the storybooks, if you dont mind.

Thanks again!!
  • #355
  • Dec 20, 2007 10:49am Dec 20, 2007 10:49am
Quoting jonaslt
post #70 i think

http://www.forexfactory.com/attachme...8&d=1196257856
My BBands Squeeze indicator for MT4.. I'm MQL4 programmer and can make EA ( or semi automatic EA ) for this system if some one post SETUP for open and close positions... (Sorry for bad English..)
Attached File(s)
File Type: mq4 Bands_Squeeze_v1.mq4   2 KB | 656 downloads
  • #356
  • Dec 20, 2007 10:53am Dec 20, 2007 10:53am
To fxhermit or anyone who can help,
Can you add an audible alert to the BB Squeeze indicator from post#271 ?
Or does anyone have, or can add one to, the Demarker oscillator that comes standard with MT4 to alert when it crosses 0.5 ? Thanks a miilion!
  • #357
  • Dec 20, 2007 1:48pm Dec 20, 2007 1:48pm
Hi Alexish,

Well if you can create an indicator creates bars in a window.

When we get a squeeze from the squeeze indicator (attached) and the value the user enters when the BBandWidthRatioHisto reaches that value, you should have a bar appear on the screen.

Not sure if anyone wants to add anything.

The indicators are attached in this thread, if you require them, then I will post them.

Thanks,
Guess

Quoting ALEXISH
My BBands Squeeze indicator for MT4.. I'm MQL4 programmer and can make EA ( or semi automatic EA ) for this system if some one post SETUP for open and close positions... (Sorry for bad English..)
  • #358
  • Dec 20, 2007 2:19pm Dec 20, 2007 2:19pm
Quoting ALEXISH
My BBands Squeeze indicator for MT4.. I'm MQL4 programmer and can make EA ( or semi automatic EA ) for this system if some one post SETUP for open and close positions... (Sorry for bad English..)

I like it, actually gives the ratio unlike the other one,
in either case...GCT suggested to exit with the MACD thresthold 6.2, wondering if that would be variable same as the minimum bandwidth for the past 5.5 days on the hourly...
Would be interesting to have an EA for optimization and see over all results if you take all results and how many it would screw up,
for entrance would you just enter every trade in the direction of macd as bandwidth jumps up from minimum?
I'm still trying to see what would be the most reliable entrance method as to eliminate fake break outs
  • #359
  • Dec 20, 2007 2:37pm Dec 20, 2007 2:37pm
New Bands Squeeze v.2 with alerts for MT4!

Any errors? Please let me know..
Attached File(s)
File Type: mq4 Bands_Squeeze_v2.mq4   5 KB | 703 downloads
  • #360
  • Dec 20, 2007 2:41pm Dec 20, 2007 2:41pm
Quoting ALEXISH
New Bands Squeeze v.2 with alerts for MT4!

Any errors? Please let me know..
I'm wondering if instead of a concrete level if you could add a variable level option as GCT changed his to this, it's based on the last 132 bars I believe that's what he is using which is more accurate than a concrete level.

I need to start learning mt4 scripting soon bit my bit, heh
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