TRADER CHECK
For what its worth, one of my favorite authors, John Carter, is BULLISH, although expecting a few pullbacks (who isn't). And if you forgot what the SQUEEEEEEZE is, its when the Bollinger Bands move outside the Keltner Channels.
posted by DAVID at
8:25 AM
2 Comments:
I just ordered his book from amazon. I heard about the "Squeeeeeze". What parameters for each of those indicators makes up the "squeeeze"?
The "squeeze" is on when the BBands (20,2) narrow to the point where they trade within the Keltner Channel (20,1.5). The trigger is when the BBands move outside of the Keltner Channel. John Carter usesa 12 period momentum index oscillator to determine whether to go long or short.
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