I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Wednesday 6 January 2016

Squeeze Examples -1

One Chart posted by one of the readers - Danish.. LT & other one is example purposefully taken by me..Maruti..

LT - 15 min of 5th Jan'16 :  Downtrend with squeeze formation. 1st Tag on LBB + DP. 2nd Touch on UBB + DP. Setup is Formed.
Entry on break of Green Candle Low marked with Pink Line .. SL above recent high :)



MARUTI Daily Chart:  One of the Biggest task in Trading is to ANTICIPATE the moves. if the anticipation is done right as per bias, half of the Job is done. A setup must be known to you beforehand like 5 ~ 10 candles before. Shortlist those charts & get ready for a Sniper entry..
Below is the chart of Maruti. A Good Setup is in formation. Bias is clearly UP. Squeeze has already started from (B). Now a tag should come at (1) and finally at (2). We will look to ride the Trend from (2) on high of a Red Candle.
This chart is till Yesterday. Maruti has given a big Red candle today on Daily chart. If it doesn't go to (1), simply move on to next chart.
If someone wants to go long at (B) position assuming (A) as tag of UBB + DP, that is also fine. Its a Good Setup, but not a Strong one as BB are not properly Flat.
Will Post Few more examples day by day with some Trade opportunities..

7 comments:

  1. Hi Deven...Your BB squeeze is great. Thank you for sharing. Waiting for another examples :-)

    ReplyDelete
    Replies
    1. Thanks Andy, I'm glad you liked. Will update on few of its Traps to avoid, else can be caught in wrong place !

      Delete
  2. Thanks Deven. I found the squeeze on XAU/USD (Gold) of FX in Daily timeframe. The bias is down, and already a tag at LBB + DP, and now there is a tag at UBB + DP. And now I am waiting a candle formation.

    ReplyDelete
  3. Apologize to bother you. What is Red Candle? You mentioned this a lot and I can not find in the glossary. Is it a bearish candle? Thanks

    ReplyDelete
    Replies
    1. Red Candle means, any Red Candle with Red/ Black/ Bearish Color.. which is Counter Trend. Red candle in case of Up bias, Green in case of Down bias..

      Delete
    2. Owhhh oke. Noted Dev...Thanks

      Delete

  4. Need a Debt Loan To Pay Off Bills?
    Take control of your debt today
    Available Now Business Expansion Loan Offer?
    Do you need a loan to pay off Bills?
    Do you need a loan?
    Do you need Personal Loan?
    Business Expansion Loan?
    Business Start-up, Education,
    Debt Consolidation Loan
    Hard Money Loans
    Loan for any thing ?
    We offer loan at low interest rate of 3%
    Loan with no credit check,
    Email us: financialserviceoffer876@gmail.com
    Call or add us on what's app +918929509036

    ReplyDelete