Trading Heroes » Squeeze Box

06/22/2009 GBPJPY Trade

Hugh — Tue, 23 Jun 2009 08:58:34 +0000

A squeeze box trade opened up yesterday and I just closed the last of it.

Short 1 (200 units) GBPJPY @ 5726 Stop @ 5849 (-123 pips) Target @ 5603 (+123 pips)

Confidence level: 6/10

As soon as I put the trade on, price moved swiftly away from the box, then stalled. I was up about 100 pips at one

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04/13/2009 GBPJPY Trade

Hugh — Wed, 15 Apr 2009 11:44:04 +0000

Squeeze Box Trade

First Position:

Long 1 (100) GBPJPY @ 4910 Stop @ 4748 (-162) Target @ 5140 (+230)

Second Postion added looking for a bounce off the 4800 level:

Long 1 (100) GBPJPY @ 4813 Stop @ 4760 (-53) Target @ 5140 (+327)

Click above for larger image

Stopped out on both positions for a loss of -54 pips and -162

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2/3/2009 CADJPY Trade

Hugh — Wed, 04 Feb 2009 11:35:24 +0000

Just one trade this week so this is my weekly review/trade review. Trading still not going so well so I’m taking it easy.

Short 1 (200) CADJPY @ 7164 Stop @ 7243 (-79) Target @ 7005 (+159)

This was a squeeze box entry.

Some notes on the trade:

Looks like a good downward triangle on 1 H, reward:risk is 2:1 JPY isn’t

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1/12/09 EURCHF Trade

Hugh — Mon, 12 Jan 2009 10:50:52 +0000

Short 1 (200) EURCHF @ 4905 Stop @ 5015 (-110) Target @ 4780 (+125)

Squeeze box trade. Nice bounce off the bottom of the box, what I like to see!

Click above for larger image

Approximately 1:1 risk reward so not a huge trade but worth taking. I really like the fact that Oanda allows me to

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1/8/09 CHFJPY Trade

Hugh — Sun, 11 Jan 2009 22:11:17 +0000

This was another squeeze box trade. It took a little while for this trade to come to fruition but it was worth the wait.

Short 1 (200) @8300 Stop @ 8427 (-127) Target @ 8150 (+150)

Click above for larger image

What gave me confidence to stay in this trade was the fact that price was hugging the

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1/7/09 EURCHF Trade

Hugh — Sun, 11 Jan 2009 21:43:45 +0000

I tried something a little different this time. A squeeze box formed as the 200 EMA and the 62 EMA started to come together. This time, I dropped down to the 5 minute chart and drew another squeeze box. I then took the breakout of that box as my entry signal.

Short 1

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Sitting, Waiting, Wishing

Hugh — Wed, 31 Dec 2008 11:16:06 +0000

I had to sit on this one for awhile but it just goes to show that it pays off to wait for the market to do it’s thing. As long as the stop isn’t hit, or something fundamental doesn’t change dramatically, then you just have to stay in.

Long 1 (200 units) AUDUSD @ 6943 Stop @

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12/29/08 EURUSD Trade

Hugh — Mon, 29 Dec 2008 10:50:27 +0000

Long 1 (100 units) EURUSD @ 4244 Stop @ 3997 (-247) Limit @ 5266 (+1022)

Squeeze Box Breakout. As you can see,

the market formed a range around the 62 EMA and 200 EMA and I was looking for a breakout from that level.

Click above for larger image

In hindsight, it probably wasn’t the best looking squeeze

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