Just wanted to send a big thank you to Tymen. And also a big thank you to all the contributors. I am also now starting to follow Gravitons post as well!!
It is rare to find a site and forum so full of helpful information, and I appreciate it!
One thing I have kind of noticed, is that when price action comes off a BB walk, and begins to range rather than doing a reversal, if there will be a reversal, the BB that it was walking will begin to curve inwards at about the same time that the price action does it’s reversal. The sharper the curve inward, the faster it will go in the opposite direction that it was going…
for this method it really is not important as trend lines are not used as the system developes. Please bear in mind that this strategy is not necessarily suited to novice traders. Have you been through the school yet ?
Très bon travail, et le fait de ne pas respecter à la lettre les règles n’est pas forcément une mauvaise chose.
Tymen va bien et est lancé dans son déménagement, il vous salue tous.
for those that have not enough place on their screen like me, I find this indicator with many settings, for keep on their eyes other TF. I asked to the owner too add the Bollinger on it, waiting for. If you have some problem for install , I can share my template for .
I’ll second that. The chat room is great for live interaction, but this thread allows people to learn and participate that have different schedules and miss chat room discussions.
A test of my understanding… I am compelled to post this chart as I think I followed the rules…
Rules I followed:
2 candle CBL
Waited for opposite BB to turn in (indicated with the blue vertical line)
Waited for a close above the CBL line (Indicated by my red zigzags)
Entered at the open of the next candle.
M30 chart
Target at midBB for TP1
SL at low of CBL (light blue line)
CBLs only adjusted for lower lows and lower highs.
Some possible reasons why this trade failed:
hmmm… it’s a counter trend trade?
Did I draw my CBL wrong?
It’s a sausage?
Do I need to make my chart larger?
Yeah, I remember tymen discouraging newbies not to trade bubbles and sausages.
Now, then, my next academic inquiry is to determine a more detailed approach of how a squeeze looks like?
Or better… anticipate that a squeeze will be occurring. Any detailed definitions we have? Squeezes stand out in hindsight, but if it’s “in the making,” it’s more difficult than I think it is to identify one, imo.
I notice that you’re not in chat. Unless you use another name
I have created a spreadsheet with the 5 lot trading system. It’s helped me in fast moving times and trading multiple pairs. I just pop the initial entry price and it gives me all my SL,BE prices for each lot. Would love to share it but it appears you can’t upload excel on this forum. Any suggestions?