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- GCTrader1 replied Mar 7, 2008
Ok, a few things here. 1. the furmula if (round((BollingerBandWidth[b](close))*10000)-((BollingerBandWidth[b](close[1]))*10000))>=1 This has EVERYTHING to do with the system, this picks the increase in the BBW and is stage 1 in the entry process. 2. ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Mar 7, 2008
Due to changes in the market conditions the look back period is adjusted within a certain range. It also depends on the trader. If you only want a lower low than quite some time meaning that you wait for it to be really tight, then you set a longer ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Mar 3, 2008
Hi Pipbagger, That value is about right, atm I'm using 45. The lack of quality signals of late has me looking at other pairs however it did pick the top of euryen on friday. The volatility doesnt seem to be contracting much lately at all so there ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 19, 2008
Those Damn HeadFakes!
Pivot Point Squeeze, high probability systemSomething has to be done about them! John and I will not stop till we have come up with a solution that atleast eliminates some of them... Oh the humanity...
- GCTrader1 replied Feb 19, 2008
Correct, there is a squeeze on atm but no breakout as of yet. Keeping a close eye on it now. No truly significant news out this week that concerns us. Hopefully signal a nice trade. Missed an awesome trade on the aussie last night worth 60 pips. GCT
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 18, 2008
The squeeze is on although again it is a monday and a public holiday at that. This ensures less volume and a natural squeeze. My advice would be to watch it but would not commit the usual allotment if triggered. A nice trigger down would be nice ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 18, 2008
i didnt get it mate, try and add me... GCT
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 17, 2008
That is a great idea, I will post a time when both John and I can be on skype at night(aussie time) and possibly when there is a squeeze on. That way we can talk about the lead up, what are the fundamentals, technicals, up and coming news and so ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 12, 2008
There definitely was an increase in bandwidth as stated but the squeeze wasn't tight enough to signal an entry. I think your trigger buffer level is set too high, what is it set at on the euroyen? GCT
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 12, 2008
Missed an awesome gold signal as well!
Pivot Point Squeeze, high probability systemGCT
- GCTrader1 replied Feb 12, 2008
What settings are you using for EJ? There was no signal for EJ last night and even if I dropped down the sample period, it ends up about 100 pips up. I went in on the aussie signal and only made 20 pips but still a win. The 3rd pic shows the sample ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 11, 2008
The squeeze is on! Aussie is showing a squeeze of 0.0033 just above the central pivot point. It could make a nice break down or continue its move higher, time will tell! GCT
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 9, 2008
Thats an interesting idea. I dont know if it will turn out profitable in the long term tho but it is worth writing it into code and backtesting it. I think just sound money management will lead to long term profits. I will post the results of the ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 8, 2008
Hi Jasius, Unfortunately there is no real way that I know of yet that can enable you to avoid head fakes. There are a few that can avoid some of them such as not trading the signal given right before a substantial news event. On the 15min chart it ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 6, 2008
We are trying, trust me! That was the first thought that come to my mind. John and I are both in talks with the charting company, PRT, to sms when the signal has been given. Currently they do that with their indicators but not custom ones such as ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Feb 6, 2008
The Euroyen was challenging last night but for some who perceviered with the system were paid such as John, nice going. Also there was a trade on the Aussie short which i entered at 9054 and had a TP of 8995 which was well and truly hit while i was ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Jan 30, 2008
Wow, good that you made a come back but yes always check on up and coming announcements. I'm going to say this but im sure you already know but had a lapse
Pivot Point Squeeze, high probability system. You should only trade a position so that you risk only 2 - 5% of your total account. As ...
- GCTrader1 replied Jan 30, 2008
Thanks Colostarr, Yes there is a squeeze but like I said earlier, it is due to the rather massive FOMC announcement which is what everyone is waiting for. Any trade signal untill then is useless. A trade can be made after the signal has been given ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Jan 29, 2008
The waves are bollinger bands which im sure you knew. They are many bollinger bands added to the main chart with a variance of 0.2 to the standard deviation. I added 12 in there myself but they are a visual representation of the squeeze. The squeeze ...
Pivot Point Squeeze, high probability system
- GCTrader1 replied Jan 28, 2008
I agree, nice work there suncare. How are adjustments made? Say if the trigger buffer needs adjusting? Just curious as I haven't used MT4 before. Did anyone see the trade last night? I live in the wrong timezone! I miss so many nice trades because ...
Pivot Point Squeeze, high probability system