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Re: John Carter's Setups: Legit or Lame?
I did a trial membership in their trading room, and found much what everybody else has - candor, robust methodology and an emphasis on market internals.
you can't backtest the squeeze without taking into account internals. I've found that the 5 minute squeeze is a very profitable play IF you filter market internals and support resistance into your trade decision. It also keeps me out of bad trades, like fading a tick extreme and going short right after a long squeeze has fired.
They admit they didn't invent the squeeze. It's a familiar indicator for many.
I programmed my own version in quotetracker using paintbars, and find it useful
I trade differently than john or hubert, but i learned a lot from their free videos and the trial membership.
john also inspired me to start my own mentorship business, so I have him to thank for a successful and enjoyable business.
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