Squeeze Breakout Trade — No pinch yet with upside breakout, nevertheless the H4 chart shows the price is breaking up thru the downtrend line (not drawn on accompanying chart, but obvious). For any major move, I'll wait for consolidation and ...

EURUSD

Squeeze Breakout Trade _ Pinch Reversal? — The prelim pinch/fib ext. was drawn to downside based on longer TF bias. But given time, this drifted upwards. My initial trade (short) went red. I exited. I shifted fib ext. handle up to position ...

EURUSD

Squeeze Breakout Trade — Thank you for your suggestion, Ed. I started the thread here because many posts seemed to indicate mass confusion as to SLs, entries, exits...etc, and also for to participate in the comraderie. And I did enter with ...

EURUSD

Squeeze Breakout Trade — I traded the pinch on the 5 chart. Was not a double pinch and price was still close to LOD, but the pinch formation looked good....for a modest trade. I entered after the first thrust down out of the pinch, on a ...

EURUSD

Squeeze Breakout Trading — Squeeze on 5 chart. Not double pinched. Let's see....and already close to LOD, so not much more to go. But....

EURUSD

It is possible to start with $300 and trade cautiously, and thereby increase the account to $1,000. I have demo traded in two weeks from approximately $300 to almost $1,700 now. But, you have to be VERY cautious, sticking to only the best setups, ...

EURUSD

Squeeze Breakout Trading - Entry Considerations — Stay on the right side of the 89 sma. Whatever timeframe chart you have the setup on, only go long if the candles are above the 89 sma. Only go short if the candles are below the 89 sma. TRIX ...

EURUSD

14 day ATR is 143 and that of today is 120, with a low of 1.4411. So, this could bo below 1.4400 today. More importantly, this could be below 1.4300 tomorrow....say around 1.4270. This would be the 400% fibonacci extension level on the 4 Hour chart ...

EURUSD

It formed a Double Top on the Weekly. And it ran down the predictable amount. Now, however, the ranging may end up constructing the right shoulder of what may later appear as an obvious large Head & Shoulders formation. If his happens and we get a ...

EURUSD

Squeeze Breakout Trading - Chart Setup — Two Bollinger bands are the key. However, the setup includes three Bollinger bands, SARs, TRIX, and a volume indicator. Each is described below. The three Bollinger bands, from “outside” to “inside” ...

EURUSD

Squeeze Breakout Trading — Here is a strategy and chart setup that might help you. The strategy is to await a period of low volatility with little price action, and then to follow it to the inevitable breakout….sudden high volatility and price ...

EURUSD

The "head" is lower than the "shoulders", so this is more a Double Top than a Head & Shoulders formation. However, the entire Double Top could turn out to be the "Head" in a much bigger Head & Shoulders formation that has not yet started to build ...

4 Hour Strategy (MACD)

Double Top Completion — On Weekly chart, applying Fib. Extensions to the std. Bollinger Band pinch (downwards) we see a 162% level down around 1.4400 and the 89 sma is moving up to that area. On 30 minute chart the std. Bollinger Band is also ...

4 Hour Strategy (MACD)

An entry short at 1.4751 with a close of trade at 1.4734 is a 17 pip move, not 42 pips. I am not saying it is a bad/small move, but it is not 42 pips. Counting pips made on a trade should be based on a per unit (mini-lot, lot, etc.) and hence this ...

4 Hour Strategy (MACD)

Double Top Completion — 1.4760s area has held as resistance (session high) withstanding multiple hits. 1.4730 is the recent significant low. So I am thinking if this breaks below 1.4730 it will signal a short entry for a trade down to the low ...

4 Hour Strategy (MACD)

Double Top Completion — So far this session, it has been traded up to a high of 1.4765, which is 105 pips from the previous session low. This would make possible a nice 100+ pip run back down without having to strike new lows....which may be ...

4 Hour Strategy (MACD)

Double Top Completion — The Double Top has completed the run down (height of tops from base, subtracted from base). However, applying fibonacci extensions to a Bollinger Band squeeze (I am using a 10 length with deviation of 1.5 inside the ...

4 Hour Strategy (MACD)

Double Top Completion — Target price of 1.4660 area has been reached (1.4663). Time to quite for the weekend.

4 Hour Strategy (MACD)

Double Top Completion — As previously posted, this formation could complete with a run down to the 1.4675 area. At this stage of the run I am thinking that a break below the 1.4750 area could result in about a 90 pip run down to the 1.4660 ...

4 Hour Strategy (MACD)

Double Top Completion — If the EuroDollar Double Top formation (see Daily & Weekly charts) completes, then we will be in the 1.4675 price area. The formation tends to complete with a drop equivalent to the difference between the base and the ...

4 Hour Strategy (MACD)