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RickM replied Jan 15, 2025Hi Ju4ara I would be happy to call that setup a VCP Pattern, very few are prefect. We do need that first downwards move to be a strong rejection and then get higher lows while disregarding wicks. M5 is a good all around timeframe from which we can ...
Squeeze n Go | MTF System
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RickM replied Jan 15, 2025Hi prestige I'll PM you, I have a few questions about your setups. I suppose I better ask about your Turtle Breakout Strategy, how does it add value to your trading?. Cheers
Squeeze n Go | MTF System
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RickM replied Jan 15, 2025A couple of trades I took tonight was on Oil, a nice Break of the 21EMA during a Squeeze and one without the Squeeze and really just an continuation trade. Both on M2 with a decent trade size. The best trades always appear when traders get trapped ...
Squeeze n Go | MTF System
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RickM replied Jan 14, 2025Hi driven That's why I use the 89 EMA as my BIAS TREND Cheers
Squeeze n Go | MTF System
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RickM replied Jan 14, 2025Hi Risk More strategy's on how to trade the VCP Patterns within Squeeze Setups but more importantly how to trap BIG PLAYERS that are trading like Snow Monkeys. More about that later.
Squeeze n Go | MTF System
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RickM replied Jan 14, 2025Hi prestige That's a very interesting post, thanks for sharing. I think I need to study your P&F charts for a while to get my head around the story they are telling. I use the VCP Pattern a lot on Stocks and Future's as well and I agree it's such a ...
Squeeze n Go | MTF System
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RickM replied Jan 13, 2025Yes, I’m getting in early because it’s a great VCP setup where’s on a standard Squeeze setup I am waiting for a breakout of range. However I prefer taking trades that are leaving the 21EMA so if the breakout candle is too separated from the 21, it’s ...
Squeeze n Go | MTF System
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RickM replied Jan 13, 2025Hi Rocky I am presently skiing in Hakuba area West of Nagano Japan and it's also a great place to snowboard as well. They have that beautiful fluffy powder snow here which is great to ski on and certainly it's very cheap to dine here because who ...
Williams%R, SAR X-over 15 minute candles
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RickM replied Jan 12, 2025Hi Heispark I think you can draw parallels between many pattern shapes but the VCP Pattern was made popular by a Market Wizard who had the best yearly returns of any trader inviewed by Jack Schwager. Mark Minervini used it to twice win the US ...
Squeeze n Go | MTF System
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RickM replied Jan 12, 2025Yes if its a normal Squeeze. If its a Squeeze + VCP Setup, get in early.
Squeeze n Go | MTF System
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RickM replied Jan 11, 2025Hi Ju4ara I always wait for the candle to close before I worry about the 21EMA been taken out, those long wicks are just liquidity runs which I ignore. In the above case, No exit was needed because the close was above the 21EMA on M5. If you are ...
Squeeze n Go | MTF System
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RickM replied Jan 10, 2025Hi Ju4ara My opinion is that was a C grade setup because the Squeeze Setup was occurring on a M1 chart and it was around the cross over of the London / New York Sessions. I would forget trading Squeeze's on M1 because the Risk / Reward isn't great. ...
Squeeze n Go | MTF System
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RickM replied Jan 7, 2025Hi pakeha That was a great post so thanks for sharing. I believe the EXIT is the hardest part of this strategy and one I struggled with for quite a while when I first started trading the Squeeze. Also I believe Exit strategy's differ from one market ...
Squeeze n Go | MTF System
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RickM replied Jan 7, 2025Hi Merka Most good A+ setups just keep trending so if price retraces, I'll consider exiting if it breaks the 21EMA. I want the trade to work perfectly on entry without delay generally or it's probably not ready to move yet. I am happy to cut it ...
Squeeze n Go | MTF System
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RickM replied Jan 7, 2025Hi Ju4ara In my experience of trading this system, the best signal is obtained from trading a breakout from the 21EMA WHILE the Squeeze is still showing Red circles. Otherwise, if we wait for the green circles to show as our signal - the main move ...
Squeeze n Go | MTF System
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RickM replied Jan 6, 2025I understand what you are saying but the problem is not your bias or lack of trading capital, the problem is retail traders buy or sell in silly spots. Price spikes because it’s in the barren areas devoid of liquidity where no real trader should be ...
I Finally Figured it Out!
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RickM replied Jan 6, 2025Front running trades isn’t very successful trading model these days with many of HFT firms disappearing due to low profits over the past 10 years. The average size trade by hedge funds is no more than 100 shares per trade which they may repeat for ...
I Finally Figured it Out!
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RickM replied Jan 6, 2025Ken Griffin who is the CEO from Citadel Trading was hauled in front of congress in 2021 to give his testimony in the hearing. Here he stated what basic strategies they use by their traders that turn over 35% of the daily volume in US equities. Every ...
I Finally Figured it Out!
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RickM replied Jan 5, 2025Hi here2there I think just about every trader with more than 5 years experience has already tried this tactic and unfortunately failed. Here is what is really happening. First of all retail traders are better than professional traders at getting on ...
I Finally Figured it Out!