[Reaver]

The TTM Squeeze is a very good concept, but having observed it for a while, have found it to be less accurate than many people think. Of course we know that no indicator is anywhere near perfect, but with that being the case, I still wouldn't feel comfortable relying on an indicator to enter a position. But there is a good chance I was reading it wrong, so definitely check it out and see for yourself what you think. Good luck.

Originally Posted by ant »

Namstrader, I see what you mean (see chart below). By the way, attached is the Squeeze indicator re-created by other traders. Note that I have never used this indicator and cannot vouch for its accuracy.

Actually the TTM Squeeze is itself a rip-off, er, "re-creation" of the BB Squeeze originally posted and coded on the tradestation forums.

Hubert and Carter were just smart enough to clean it up, repackage it and market it to the masses. That's all.

[Tams]

Originally Posted by Robert »

I am interested in learning how Bollinger Bands are used in trading. What is the purpose of this tool? Is anyone trading effectively using Bollinger Bands? Thank you

Go get Bollinger's book: Bollinger on Bollinger Bands.
There is no point in inventing your own trading rules when you don't know what you are doing.

[Jene]

Bollinger bands are a chart of three curves drawn in relation to currency pair prices. The band situated in the middle is a measure of the intermediate-term trend and is usually a moving average (MA) that serves as the base for the upper and lower bands. Interval between lower, middle, upper bands is determined by the volatility of the market, normally the same data that were used for the MA. The default parameters are 20 periods and two standard deviations above and below the middle band and of course this may be adjusted if needed.

[xburbx]

A trader friend of mine uses them to enter on a 1min time frame at s/r levels

[michaelaero]

Since this thread is talking about channel, I just came across a book recently "Channel Surfing: Riding the Waves of Channels to Profitable Trading" by Michael Parsons. I did not read it yet for the moment. Does anyone have comments of its channel trading method? only idea.

[sevensa]

Originally Posted by michaelaero »

Since this thread is talking about channel, I just came across a book recently "Channel Surfing: Riding the Waves of Channels to Profitable Trading" by Michael Parsons. I did not read it yet for the moment. Does anyone have comments of its channel trading method? only idea.

How about reviewing the book and let us know what you think of it?