In both these cases, one a BB bubble, the other a BB sausage, the trades shown have very little room to move to generate a TP1.
Sometimes TP1 is a loss.
We are then forced to depend on TP2 to give us a profit and we cannot guarantee that TP2 will be reached.
Further, although the entry CBL on the BB bubble is reasonably easy to draw, the same CBL on the BB sausage may well be the wrong one with price action just ignoring the direction change.
In the sausage case, we would sustain losses and these would mitigate against any future profits!!
The safest cases here is to trade on higher timeframes - at least with the bubble you have some kind of chance to get TP1.
I am going to do more research on this trade type.
At present, the best way that I see to discern the turn-around point is to use a higher timeframe (x4 approx).
Actually youāre right, I guess I wasnāt paying attention.
Tymen pointed this out earlier too.
I think the protocol for drawing CBLs in squeezes is to wait for a tag of the BB and then draw the CBL at the low point of the candle that tags the BB.
Ok matey, I had a blast at trying to show all the entry and exits I see on this chart. There is one at the end but I was just pulling my hair out having to use microsoft paint, so left it out.
See, this is the problem you get when you read a whole thread in a rush and expect to understand it all.
I suggest that you go back to page 238 where the entry rules (updated) are posted in full and carefully re-read them so that you have no further doubts.
Read again the PDF constructed by [B]Merchantprince[/B].
By rushing in with all these questions and charts (stuff already covered in detail), you are interupting the flow of the thread.
It takes time to consolidate all this.
Further, I would ask if you are an experienced trader because this is [U]not for newbies.[/U]
If not, then you will eventually find this stuff to be beyond you.
In that case, I would advise you do what [B]RenaLa [/B]has bravely done - go to a simpler thread and get some more of the basics.
The pink paragraph is really irrelevant.
At this point we are in a random area, not a BB bubble or sausage.
Therefore opposite BB contractions do not apply here.
The trade type at the BB bubble is one of those which are ābadā.
They do not have a high profit reliability.
(Not until I work out a better entry method).
Finally, Microsoft Paint is a great tool.
I have been using it in developing my threads for 3 years now.
Starting with the 5 min we have a nice entryā¦with a BB walk. How long will the walk last? 15 min has reached mid lineā¦maybe reach the upper or until the 30 min or 1 hr reaches their mid line? Mid line is about the 61.8. 4 hr & daily show it is a definite down trend. One thing I know isā¦Iām watching for the short signal when it comes.
Iām looking at the chart, and I see no difference at all between the first bubble and the second, except that the first bubble delivers a T1 and a T2 profit, and the second bubble hits the stoploss.
The profit from the two is larger than the loss in this case.
Are you looking at moving away from bubble entry all together, and just focusing on squeezes?