||Feb 21st, 2008 04:28 AM
TTM Squeeze indicator users??
Anyone use this? Been a follower of TTM for a long time and have learnt alot, so I'm not knocking them. I've got this squeeze indicator on eSignal. I have looked back over a multitude of futures market and see no real consistency to it. Daily, hourly, 15 min, 512 tick charts, the whole lot. It just seems to be random.
Granted, it makes some great calls, but what indicator doesn't! It seems to fire off alot right at the end of a move, or the market is clearly pushing higher and it fires off a sell signal. Or it fires off just as the market stalls and makes a pullback which would inevitably stop you out.
It maybe my settings are wrong on eSignal. I'm using the standard settings. TTM swear by it and in his videos it looks like such a great indicator but I just can't see it as anything other than random.
I've been trading many years and don't rely on indicators, but wanted to get more involved in some shorter term scalps so I am taking a look at it.
Anyone using it with great success?