The chart says it all: BIDU's showing a nice weekly and daily squeeze setup, and just triggered an additional 30min squeeze long. I am watching the markets at the moment. Should the general direction be up today, BIDU has the potential to be great long candidate, also for the longer run.
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Showing posts with label squeeze trigger. Show all posts
Showing posts with label squeeze trigger. Show all posts
Monday, May 19, 2014
Monday, March 24, 2014
2014/03/23 AAPL Apple squeezed in weekly and daily charts setting up for a dynamic break-out
AAPL - Apple
Since the December 2013, Apple (AAPL) has formed a triangle pattern, squeezing the price now at the tip of the triangle in a narrow range between 526 to 535. Because of the symmetry of this triangle, the patter is neither bearish nor bullish. At the same time, the TTM-Squeeze indicator with four red dots the weekly and daily charts indicates that a dynamic move is just ahead of us. If triggered this move will likely push the price for 8-10 weeks in one or the other direction (i.e. about 8-10 momentum bars of the weekly TTM-Squeeze). At this time, we don't know in which direction the journey will go, but we might use the squeeze of the 30-minute chart as a trigger.
My personal scheme to enter the trade with a 30-min trigger follows the rules:
1) The 8 EMA (green line ) needs to cross over the 20 SME (red mid-line of the Keltner Channel) in the 30-min chart
2) The 30-min candle needs to close above the swing high 533.75 (long) or below the swing low 526.33 (short)
3) The TTM_Squeeze needs to have fired after the close of the 30-min bar (one green dot after a series of red dots) with either a blue momentum bar up (long) or a red momentum bar down (short)
Wednesday, March 5, 2014
2014/03/05 BIDU in weekly and 4-hour squeeze with Fibinacci targets at 185/190
Baidu - BIDU
Baidu (BIDU) has been coiled in a weekly squeeze for the last seven weeks. Yesterday it also entered into a 4-hour squeeze that might fire today or within the next few days. This four-hour momentum could be used as a trigger for the expected longer-term move from the weekly squeeze. Fibonacci targets are 185 and 190. Additional support comes from seasonality, which indicates that Baidu favors the upside during the months March through October (see T. Bopp at traders-mag)
Monday, January 27, 2014
2014/01/27 Nice example of a 30-min squeeze trigger in the S&P 500 (ES, SPY, SPX, RUT, IWM)
S&P 500
Just as forecasted in the blog below of January 21, a larger move occurred in the S&P 500 (and most other indexes) after the tipple-squeeze had built up "over pressure" that need to be released. In the earlier blog it was also mentioned that the 30-min squeeze could be used as a trigger in order to decide, in which direction the S&P 500 would fire (long or short). This trigger decision has worked out beautifully in this case and is therefore displayed here as a generic example.
In the figure above the cursor resides on the Jan 23 candle in the daily chart. The program automatically highlights the time period of Jan 23 in the 4-h and 30-min charts. While the squeezes of all three charts fired short on Jan 23, the 30-min squeeze was the first one to do so. In order to catch the big move, one would use the firing 30-min squeeze as the trigger, and then carefully observe if the other squeezes follow suit in the same direction. The stop loss would be placed fairly tightly in the 30-min chart, preferably above a Fibonacci Cluster or some other resistance level.
Once triggered, the release of the over pressure typically takes place during 6-8 bars before the squeeze momentum dies down. This also applies to the S&P 500 daily chart, which today is only three days (=bars) into the momentum release triggered on Jan 23. So I expect more movement downwards ...
Labels:
Fibonacci Clusters,
Russel 2000,
RUT,
S&P 500,
SP500,
SPX,
SPY,
squeeze,
squeeze trigger
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