Best Trade Setup Low Of Day Parabolic Trend Squeeze Backtesting

2024년 7월 30일

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.

2024년 7월 30일

액티브 트레이드

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.

2024년 7월 30일

노트

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