Consolidation Breaks and S/R Squeeze Breaks

Before adjusting my Forex Trading parameters, as PA (price action) changed entering the summer trading sessions, Consolidation Squeeze Breaks, and S/R Squeeze Breaks were my "bread and butter" trades. As summer trading began, squeezes weren't developing, as they had been, and if they did form, it was either at the wrong time, or they just did not make decisive breaks as they normally did. (By the "wrong time" I meant that they weren't setting up during the optimum time I like to trade these setups, which is near the opening of the Tokyo session, and the London sessions.) So I have not been trading these setups since the end of June, unless they break out of a squeeze at a major S/R level. For this reason, I did not take any trades on today's squeeze breaks, but they did set up nicely, so I thought I would point them out, as they may start returning to their normal patterns again, with summer coming to a close.

Why did I not trade these setups today? There are a few reasons:

1. The week is just starting, and after the hype of the NFP move on Friday, I just wanted to watch and see how the market was settling in to start the week.

2. The breaks occurred an hour earlier than I like for these setups to break. I usually like them to break during the hour before, or during the first hour of the London session.

3. Since June, trading Consolidation Squeeze Breaks, and S/R Squeeze Breaks, have not been a part of my trade plan. I will play a break if it is setting up near a major S/R line. This is why, in the prior post, I said that I was watching for a break of 1.6717 on the Cable for a BUY entry, because it would have been a break out of a squeeze, and a break of a major S/R level.

I will follow up with a video review of these breaks, to further elaborate on the "How" and "Whys" of these trade setups.

If you have any questions about this post, or any other posts and videos, please feel free to email me at fxtradepros@gmail.com. General questions on Forex Trading from new traders, are always welcome.