Best Trade Setup Low Of Day Parabolic Trend Squeeze Backtesting
I will be going over this repeatable setup on the 15 minute chart and my goal is to master every little nuance of this setup. This setup offers at least 4-8 times your risk on the day trade.
I have noticed that there are 3 variations of this setup depending on how Asia and London set it up.
A quick run down of the tools I use
Highlighter blue: Where the greatest entry would be for little to no drawdown after the market has been set up
Range expansion: The high to low of the rectangle box to project upwards potential profit targets of 1.5-2.5 times that box
Cyan Line: The day's current open price
Green Line: The Low of Day heading into the NY session window
I am making this post to help others and for me to reference often to better understand this setup that I want to master. Like Mcdonald's I need a repeatable product that is cookie cutter that I can reliably profit off of.
I have noticed that this happens 4-5 times per month and up to 8 times some months.
4-5 times a month is a 20-25% occurrence rate based on 20 standard trading days in said month.
I have noticed that there are 3 variations of this setup depending on how Asia and London set it up.
A quick run down of the tools I use
Highlighter blue: Where the greatest entry would be for little to no drawdown after the market has been set up
Range expansion: The high to low of the rectangle box to project upwards potential profit targets of 1.5-2.5 times that box
Cyan Line: The day's current open price
Green Line: The Low of Day heading into the NY session window
I am making this post to help others and for me to reference often to better understand this setup that I want to master. Like Mcdonald's I need a repeatable product that is cookie cutter that I can reliably profit off of.
I have noticed that this happens 4-5 times per month and up to 8 times some months.
4-5 times a month is a 20-25% occurrence rate based on 20 standard trading days in said month.
Transaction en cours
Is this my setup happening on Tuesday July 30th? I don't know but I will try to play it like it is and target the 1.5 times range expansion. Going for a 8 to 1 with this one. Will update on the result, win or loss. Note
This looks like a type 4 unfolding and so I must raise target to 2 times range expansion as this is the biggest squeeze play. This will be an all Session hold
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.