daedalus

no. it has its center line "squeeze" signal modified somehow. Its actually pretty interesting. Throw both this and a "old" squeeze on a chart and compare. You get more signals and get better entries usually. Just find a good way to filter them and manage them and you might just have something.

Why not Forex? More uncorrelated markets than you can shake a stick at.

http://www.tradethemarkets.com/products/item5.cfm

Thats EXACTLY what i was looking for in a reply Whisper... Can't thank you enough!!!

Format it to show on a subgraph. When you first add it its applying itself to the data and not a subgraph which is causing it to "kill" your charts.

I always found that a quick trip on the train out to chinatown can be a fun little 2 hour excursion... its cool to see that kind of culture change in just a few city blocks, quite different than anything we've got in town here. +1 for walking along the beach or checking out some of the marina's (I love the water and I love the gorgeous boats even more!)

Ok, i edited the original documented and commented out those lines. And it works like a charm now. I've attached the modified .eld file that should work with TS. PBF SQUEEZE.ELD

Thanks sevensa - when I try to verify i get a message say that "The word end was expected before the end of the file"

I appreciate the post... but this doesn't work in TS... Heres screens showing the changes to both of them, and the resulting chart from the changes. The only changes that take effect are changing it from line to histogram... None of the width changes seem to take effect. Don't know how much you can do since you use the MC platform, but if anyone else tries this on their TS i'd like to know if you're having the same issues. Thanks again for posting the indicator regardless!

Looks good. Can't wait to try it. I've installed it but it needs to be adjusted in the "style" tab... it just looks like a line bar and the squeeze dots are REALLY small and they don't seem to react the changes in the style tab to make them wider... suggestions?

so snackly who do you use as a broker?

Wonder how hard it would be to make it so the system could sell as well as buy... Interesting system though. If you used it into some kind of defined trend it could do well... You just don't want it buying every down surge as it has been doing in this recent bear market. And the 2k max stop out stuff kills the results... I wonder how big of a drawdown is really necessary because that can really kill the results.

I use Tradestation.

if you use a time based chart you can use a chart from the futures market and compare then just enter your orders on the corresponding spot market. Its going to be the same chart patterns (except some will be inverse, but same idea). Or you could just trade CME futures... there is increasing liquidity in those markets so depending on the size you want to trade you should be just fine.

Well MB Trading is registered with the NFA and they are some of the few that are going to make muster with the new capital requirements. Beyond that what can any of us do if our brokers go bankrupt? I honestly am asking because you raise an excellent point that regardless of futures or forex, what does happen if our brokers go under? Short of looking at their balance sheets every quarter/year what can we do to protect ourselves?

^^^ I know exactly how you feel. I've been developing my method for over 2 years and now that its working I wouldn't feel too kindly towards just "giving" it to other people. Maybe thats not the sharing spirit, but its like you've done the work, you should reap the rewards just like anything else in life. I'm willing to help steer people in the right direction but I wouldn't be handing it to anyone.

MB Trading (EFX Group) is their introducing broker and who I use personally. Even the big names for futures like GFT, etc are still all offering fixed spreads which means they are pretty much screwing you. EFX actually gives you Level II on all of the forex markets, which you can't really get with most bucket shops. But finding a true ECN is hard to come by as they are relatively new to spot forex. They are based on a traditional brokerage structure. Rather than paying a fixed spread like other brokers I pay a set commission for my trade and I get the best spread on the pair at the prevailing time. I mean, sometimes there is NO spread on some of the pairs, but with other brokers your still going to be getting hit with their fixed spread of 2-5 pips on every entry and exit. That is how the bucket shops make tons of money. ECN's charge you a commission to make their money and in return offer you the REAL prices and spreads in an unmanipulated fashion. I have also NEVER had a problem withdrawing ANY amount of money from my trading accounts. I have a trader friend that trades 100 lots with dbfx.com (which I don't think is an ecn actually) but he clears between 100-300k a month and has never had an issue withdrawing more than 100k from them whenever he wants. That is one of the biggest myths that really hasn't been true for the past 5 years. You can access your funds any time you want with no problems. I've never heard of an instance where this was not the case. Hope this clears some of this up!

ohhhhhhhhh my god. 1. I never stated that an unregulated market was SAFER than a regulated market. In fact, I said the opposite. What are we worried about with an unregulated market again? Whats going to happen? Am I going to wake up tomorrow and the market will have dissapeared? Will the world cease to trade currencies? Are all the banks all of a sudden not going to want to be able to hedge against currency flucutations? Give me a break! As far as I can tell the only real downside to an unregulated market is that there is no quoted volume in spot forex, unlike in IMM at CME. But if you don't use it, whats the big deal? 2. THE PRICE FEED ISN'T MANIPULATED THROUGH AN ECN. Go do some google searches on what an ECN is... ECN don't dictate prices... thats the entire POINT of an ECN. What you're talking about is what bucket shops do like FXCM and any forex broker that offers a "fixed spread"... Those shops ARE betting against you and those shops DO manipulate order prices. I'm not the one putting all of this forex b.s. myths in this thread. Every one of these arguments have been propagated for years by threads like this... Go do a search on the babypips.com forum and I think you'll find all the answers to the questions you've been searching for.

Regardless... i'm sorry I got us off on this tangent. I've gotten a bit heated and I don't have any reason to take it out on anyone in here that doesn't agree with me. So lets stop bickering like little immature kids over at elitetrader and get back on topic with some constructive posts.

thats why I said CBOT... last year... All the YM traders got stuck short and the CME pit pushed the markets 200 points against them.

Lets go through these and i'll itemize which ones are outright FALSE. 1. Big random spikes, i don't deny they are there. I'll agree with you on this point, but I don't think its ANY worse than Futures. 2. Trader too profitable, etc.... THAT 110% B.S.!!! If your using some craptastic bucket shop broker sure... but its a scam anyway if you are. Use a true ECN broker like MB Trading and THERE IS NONE OF THAT. 3. 110% False if you use a REAL ECN broker. 4. No regulation, i agree, there is less regulation than futures markets without any shadow of a doubt. 5. Trading against the broker... again... USING A REAL ECN avoids this complication all together! A broker like MB Trading makes their money off COMMISSIONS like any other broker. I've attached a screenshot from my broker applet... which shows the REAL TIME liquidity and spread on each pair that changes with market conditions. Group of traders that go around a hunt stops? The pros/pit isn't out to get me? Really? They certainly aren't my friend in a trade. They will purposely try and screw retail tradrs out of money. Why do you think when a market like the CBOT goes down the pit traders in the CME start pushing the market as far as they can in the opposite direction? Its to f**k all of the traders caught in positions in the opposite direction over at the CBOT.

Heres the updated version that changed a bunch of stuff, added a paintbar function to it, and changed how it was calculated on tick/time charts. Cheers! BETTER_VOLUME_5JUN08.ELD Better Volume Indicator 5Jun08.doc

Been around for years guys... but thanks for your concerns. Maybe its just because i'm not dumb enough to trade in front of news events so I don't experience that "manipulation". But news events aren't exactly manipulation IMHO and anyone stupid enough to get caught in that situation deserves to lose their money. Its beginning to feel a lot like ET in here... :crap:

Thats your opinion... sorry we don't agree. I just see A LOT less blatant stop runs and headfakes in the currency markets than I do trading the ES, NQ, and ER2. Is it still there? Of Course... but I feel its on a lesser level.

I think this can be a great discussion. Couple things... i think FX is more conducive to candlestick analysis because there is less manipulation by a pit/pros to headfake traders, etc... And 2, lets just keep in mind that the same stuff applies on all timeframes but as with anything, if we start drawing down to 1 minute charts we are going to see an increasingly hard picture to decipher. The 1 hour charts are a great way to observe this because they are substantial enough IMHO to prove the failures/success of price action.