Yep, but he's NOT a TS user, is he?

[twmoody]

After doing this for a couple of years, I realize this type of question is almost not worth talking about. And believe me, I used to ask the same questions!!!

Trading is about you, not the holy grail play that no one else knows about...

If your beliefs about the market are different that the creator of a play you will lose money with their plays. If you subscribe to a service you end up taking the plays you think are good not every play. So in effect you are actually trading your own system!!! Ability to handle drawdowns and bad trades in a row also affect each individual trader and system performance.

I have been in Carters room and I think they do a good job of teaching and giving a realistic view of trading. They have one of the best systems regarding market internals. The free market videos they do are excellent.


It is almost impossible to backtest most of the plays in the room, because most are discrectionary and to be taken in conjuction with market internals at the time.

So with pivot plays for instance they become reference points to daytrade off of and some people in the room are fading it and other people are waiting for it to consolidate and buying a breakout pullback type of thing.

Money mgmt for the trades always leave the last 1/3 or quarter discretionary and that portion of the trade is paramount to whether you make money or not at the end of the week. So this is another factor that makes it impossible to backtest and figure out whether the average person is are going to make money with the system..

Overall if you are looking to learn to daytrade or swingtrade futures I believe TTM it is worth checking out.



Just my two cents!!!

[ches]

Guys,

Thanks for the suggestions. I subscribe to the TTM trading room and have been there from the start of May. They have just had a new couple of additions. One of the guys who's been trading with them for quite a while, plus Carolyn Boroden.

Either she knows what she's talking about or she's been damn lucky !

Anyway, I thought I'd see if I could get the squeeze to work in QT.

By the way, it's been said earlier, but John and Hubert make no secret of the fact that they didn't invent the indicator.

Regards,
Eric

Originally Posted by ches »

Guys,

Thanks for the suggestions. I subscribe to the TTM trading room and have been there from the start of May. They have just had a new couple of additions. One of the guys who's been trading with them for quite a while, plus Carolyn Boroden.

Either she knows what she's talking about or she's been damn lucky !

Anyway, I thought I'd see if I could get the squeeze to work in QT.

By the way, it's been said earlier, but John and Hubert make no secret of the fact that they didn't invent the indicator.

Regards,
Eric

Yeah, if you check around you'll find that CB is well respected in the world of fibonacci analysis of time-price series. In other words, she's damn good with fibs!

Hopefully, they'll add more of CBs stuff to the newsletters, since they (JC and Hubert) travel a lot lately, and haven't been as diligent updating it as they should.

[dalby]

i programmed the TTM squeeze for quotertracker. if you spend 5 minutes learning paintbars in QT, it's very easy

all the ttm squeeze is is when the bollinger bands (20,2) go inside the keltner (20,1.5) - that's IN THE SQUEEZE

and then the squeeze fires when it goes outside

that condition is exceptionally easy to test for and write a paintbar for

the other paintbar is merely the 12 period momentum

i find the 5 minute squeeze EXTREMELY successful but i filter it (iow, i don't take every one that fires - only those that meet certain criteria).

i also will not do a fade play short when a long squeeze is setting up, etc.

helps keep me out of unsuccessful trades.

[BlowFish]

Carter legit. Setups Lame.

Well lameish - some of the underlying principles are sound (e.g. BO after volume and volatility dry up). More valuable to just see a 'squeeze' and understand whats going on behind it.

He makes more $$$ from his trading room and seminars than from his actual trading, IMHO.

[bakrob99]

That is NOT correct. And I can prove it. (But even if he did - so what?)

Send me an email and I will show you why this statement is so stupid and based on what ... jealousy?