i HAVE BEEN STUDYING TO DAY SO i HAVE ONLY ENTERED 2 TRADES ABOUT 30 MINUTES AGO. BOTH TRADES I HAVE TAKEN HALF PROFIT AND MOVED UP THE STOPS SO I AM COVERED. ONE IS A SQUEEZE TRADE AND ONE IS A BEAR SHORT CONFIRMED ENTRY. I AM POSTING SO YOU CAN SEE HOW I HAVE COVERED THESE TRADES SO I AM IN PROFIT EVEN IF THEY TURN AGAINST ME.
- 04 eur nzd is past the 200 to the upside about 5 pips just now so i move my sl up to 5 pips below the 200 sma in order to make sure i net a good amount of cash for the half left in the trade. In most cases i would keep the squeeze sl at the 20 sma. But right now i am not in the mood to baby sit the trade. Outcome both trades are winners.
Cool no momentum there on the green candles, are you still in this trade, its been stuck on that 20…And its dropping short now its a pretty good entry only problem is the slope of the 20 is pointing up, but anyway i think you should make some pips
sugar ! i will have to manage this EUR NZD trade now, its up 50 pips and lt looks like it will go some more like many more, maybe the big one on Monday. Better Manage it
Yes it’s still open. The 20 was pointing down when I took the screenshot. Kinda looks more like a BLC in the works now…arrgh.
yes it does, now the key is if your trading is to buy or sell the next open of the next candle or buy the low of the current candle. if you see momentum,
if i know when your trading then i can update you what i am doing so you can see the same thing in real time
I’m at work now but I have live charts online that I can watch. I go home for lunch and can demo trade then, but it’s the mid US session time then…which will be in about an hour and a bit from now . Othewise it’s about 3 hours into the Asian that works best for me time-wise and the rest of my evening up til London open, which is about midnight for me. Anyways, I can switch charts now and watch what those trades of yours are doing…
Price is criss-crossing those MA’s now…don’t like it when it does that. Seems like momentum slows down around now. Did your AUDUSD trade get stopped out now?
Hehe it would have done for sure i got out TP on a click when the first big red candle was beginning to form . theres a nice short entry when it went short below the 20 after before it passed the 200 and one B4 it passed. I did not trade it as i had a visitor and i get scared of those type of reversal trades and just stay out.
GB AUD is a bit mixed on the 20, a lot of tails not traderble, looks riskycould be long or short, looks mixed a lot of sentiment…scary one
Yes it mixed & wicky, but when I went home for lunch, I re-entered short again after seeing the bigger red bar (before it retraced back to the 20), a bar later after my stop was taken out. I was considering going long but those 3 green bars didn’t convince me it had any better momentum…so went with the original program 
It is in profit now and hopefully my EA will have taken 1/2 and moved stop to BE…it’s like having an assistant…lol.
its mixed all day GB AUD…you picked the hardest one to trade, Eur NZD would have served you better. But anyway anything can happan its mixed even when you look left on the chart up to now…the currency on far left never forfilled the SQ,hope it works out for you…but you got the idea down perfict so i think you will be rocking with a bit more free time so you have more time to go through the charts.
if you had an ea that will alert bell when price is near entering a squeeze that would do the trick.
Ya, that trade got stopped out, but again with 10 pips @ half…will leave that alone look for better quality later in the Asian. May even try any BSC or BLC’s too.
So how many pips to the ma, (200 right?), would you say that alert would be?
Just to make sure I’m getting the BSC trades, this is what I’d look for right? Bearish sentiment, pullback to the 20 ma (green), short entry after crossing and closing below the 20 with stop above the 20?
I think I need an alert when at the 20 ma too
Sorry you got stoped. Please keep pushing through, you can see its sound way of trading just you need a good set - up .
So how many pips to the ma, (200 right?), Code master made a great dashboard to alert how many pips from the 200 SMA the candle is(Price) and thats great for reviewing charts but does not alert a trade potentially. I can send that to you. You can adjust the pips distance and MA values.
Now more specifically a Dashboard that can monitor say 15 to 20 currencies with adjustable variables.
The Event would be as follows:
If the days open of the 20MA was High and is making lows now (pointing downwards) and price is above the 20 period by around 5 pips and the 20 SMA is pointing towards the 200 and is within a 80 pip distance from the 200 SMA, an Alert sound would come into play. (that would sig potential SQ short) Visa Versa for long.
oh my dream that would be amazing
Like today you struggled to scan charts to find a squeeze, this indicator could help with chart shifting as its boring scanning charts over and over again.
Alerts are cool…Your chart? again low momentum. i guess you entered long? There are big red foot prints on it however it looks like you will get tiny green feet then i nice push to the 200. Not the best cos low momentum, however again your entry is sound. And the MA 20 is in the magnetic pull of the 200 (Well Within) That should go well. if you go short for a BSC then the close below the 20 is the confirmation if momentum is low. If i see a brake low with momentum then i will not weight for a close below I will just go with the impending force momentum. on any slight pullback of the candle as close to the 20 as posiible when it pulls back.
2 ways to enter. with momentum or without: Without = weight for the close to be well below the 20. Momentum just enter at best price you can on the punch of the 20
No I didn’t enter, but I was thinking it was a bearish so looking to short, no? Bearish market due to price below 200/50/20, slope of 20 ma is down, pullback to 20ma…Not confirmed but I guess I don’t understand if you think it should be long? 
price is above the 20. on your chart and price is close to the 200 which is above price. it could well be a SQ long forming. The beginning of a reversal. The 20 is turning flat and 3 candles are are forming above the 20 and price did not get held by the 20 as resitance on the pullback before the 3 candles outside the 20 were formed.
see your chart i put some notes, you have to see price contained if you entered here