Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

januson

BB Squeeze indicator

Recommended Posts

Here is my perspective on the usefulness of the indicator. It is not too useful for predicting breakout direction or precisely when a channel will break out. Hence the idea of a coin flip.

The idea behind BB squeeze is that if you review the history of a chart and it shows extended trend runs following periods of decreased volatility (squeeze), then you are increasing predictability. The idea is to find a breakout that will probably stay directionally strong for an etended period. They (TTM traders) stop out plenty, but the runners make the payoff. Mostly it taught me very much about breakouts and how large numbers of traders view the markets. I was traditionally a reversal trader. Good to know when the majority may be seeing a massive breakout, to over ride your reversal setup. The TTM guys make predictions and live trade everyday, and are not going broke doing it. Mostly I am impressed with how much valuable knowledge they give away for free on their videos , it makes them decent in my view.

PS- I was asked where I posted my Quote tracker TTM version for Quotetracker it is the "trading indicators" section link

Edited by Eric Johnson

Share this post


Link to post
Share on other sites

Hey Eric, I too watch the TTM videos and find a lot of the stuff informative and useful. Have you been a member of the TTM chatroom? If so tell me/us what you thought of it.

 

One thing I DON'T care for is how much emphasis Hubert and John put on buying their indicators and seminars. And the prices they charge are unscrupulous IMO. If a nubie were to take every squeeze that fired off using John's Money Management they would without a doubt LOSE money. There's nothing wrong with selling trading education materials but there is a LOT more to making money trading then following one indicator regardless of other factors.

I would get into this more but I don't wanna have a 4 page long post.

 

Hope u all have a great week, cheers :missy:

Share this post


Link to post
Share on other sites

Hi, my good friend joined their chat room for a promotional month for like $5. He really got a lot out of it, they teach much more than using their system. They have been at it a long time, as my friend has.

I would say that they have large accounts and using their stop ranges, one would have to be scale down to a smaller scale for a smaller account, probably using ETF's shares rather than futures. They are not overly secretive about their mehtods, or the composition of thier indicator systems. If it were black box I would not be interested.

I my thought about charging is that if you are not ready to develop your own indicators, at least you have the wisdom to pay to learn a system that they are fairly honest about it's usefulness. John says something about backtesting and if it is not good 7/10 times it is not the system for the chart. When you give complex tools away to beginners for free, it can lead to what you mentioned, shallow trading perspective.

At least on this forum people can get tools and perspective.

Edited by Eric Johnson

Share this post


Link to post
Share on other sites

Hello again, was reviewing some of Walter's work on the forex forum and saw that he was using a VT trader indicator to show when a trend is in motions or in chop. The indicator was a version of the rainbow chart indicator.

I thought to show how to use it as a squeeze indicator, by using more standard settings. It is a free platform, and decent with free forex feeds. So my settings are 50 exponential MA, and smoothing 4. Notice how the rainbow gets flat in the "squeeze zones". If I had time to play with this I would compare it to the standard TTM settings and tune it.

For now my point is that after the months have passed, I am still a reversal trader. Most markets reverse far more than they break out, especially if I avoid major events like opening and closings. Also I need to be aware of the squeezes, because they do lead to hard trend breakouts . I prefer to "see" the squeezes with my eyes like I would a formation, because more people will respond to them. Some of Carters squeezes come at unusual times, not obvious to the naked eye, and always a bit delayed.

So that is why I like this rainbow indicator. You can tune it to your time frame. Do you want smaller squeezes to be picked up for scalping? Try the 14 ma setting, or a 200 if you like. The attachment is on a 5 minute chart, but I like having an indicator that is easy to tune to market conditions.

5aa70f4440af0_rainbowchart.thumb.gif.1d1d51a1316b4446c00640d00d6e211b.gif

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • I guess US has fund managers and investment banking institutions looking after the portfolios on behalf of their clients.
    • There are many resources related to forex trading available on forums like babypips and forexfactory etc.
    • Candle stick pattern is one of the easiest charting patterns available to learn and make money. However, new traders never learn about the skills needed for earning money but they rush for making money and eventually lose their money.
    • Nothing wrong with being a ‘progressive’. Nothing wrong with being a ‘conservative’.  Very generally, ‘conservatives’ have preponderance of the here and now neurotransmitters, prefer empirical references, the rule of law, and value individual agency (It has been said that conservatives love humans and progressives love humanity) . Very generally, ‘progressives’ are dopaginaric - driven by passion for a better possible future, prefer references to others  (Example Karmela won’t answer questions with facts.  She cites the opinion of 18 ‘experts’), have a penchant for rule by man/mobs not by law , and value ‘societal' agency.  However, excesses of either tendency indicates mental illness, collective malaise, and has consequences.  When either camp is systematically captured by control seekers and/or, situationally by mobs, the whole is lessened. A key sign that is occurring is when one side no longer allows disagreement.  Progressives have  currently gone crazy in those excesses and are no longer allowing anything but unithought... examples - You can still be a vocal pro choice republican.  Try being a vocal pro life democrat. For snicks just try it.  You’ll get cancelled.  Bust a myth about blacks in America, true up the real  history of Republicans ending slavery and what has happened since, how the democrats are the party of the KKK, how Obama did not a fkn thang for blacks in general, be a black republican, etc.    You will get canceled in a heartbeat. Step up and question the social agendas of federally subsidized schools at a board meeting... get treated like shit and also get an immediate case number with the FBI ... Question the requirements to watch and lickkiss the 'rainbows' and also make sure your kids show up for it, not to mention fund transitions out of your pocket and see what you get ‘labeled’ Question mainstream media bias - even just to mention that biased, agenda driven narrative is different from truth in reporting - and see what happens to your voice... Excesses have consequences... imbalances have consequences... just sayin’
    • SBUX Starbucks stock, watch for a top of range breakout above 99.81 at https://stockconsultant.com/?SBUX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.