Which setup helps detect bounces in price on daily chart?

rvlv

Active Member
#1
Hi friends
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here is one that a big trader uses.for Eod trading
Sequence is this way

TTM Squeze step-1,
wilders RSI-2 is step-2,
Price at channel Low is step-3

Dont change this order please!

chart1
Price, high-low channel 20 periods
(why this is needed? becoz traders always buy at high end of channel and sell at low end of channel to get srewed up--we must avoid it-pros dont like breakout-they prefer pull back,demand,support-odds in their favour)
chart2
TTM Squeze 20-1.5
chart3
Wilders RSI-2 with 95 & 5 lines
(you can use Reversal point formula based chart if you tested it,got confidence on it 6/10 success ok-see Panic selling post)
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Remember 1,2,3 in order are the things in sequence on chart the way to go.

when price is near 20day low channel,
When TTM Squeze is having red dots showing squeeze is already happening,
when Wilders RSI-2 is at 5 line,oversold
Then get ready to find a price bounce
ENTER ONLY AFTER BOUNCE BEGINS-after confirmation

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What is my objective?
------------------------------

Observe
comment
post some charts
help us to see if this suits us for trading


 
Last edited:

rvlv

Active Member
#2
hi
some feedback I got is here.

A friend told me.

The signal from TTMsqueeze comes late.
the settings are out of sinc with price.
Please tweak these settings for response to suit the speed of price.


may be true. keep an eye on this.

I decided to add EMA8 AND EMA21 ON PRICE CHART AS MA CROSS CAN HELP US A BIT.
 

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