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Originally Posted by maria77
Thanks Zee..
It seems that the red dot happens slower than the MACD or Stochastic on a breakout.. I've tweaked the Bollinger and Keltner to both 14 periods and it seems to work better.
Do change it and you try it too.
I'm currently doing a testing with TTM Squeeze, MACD and Stochastic with also triple EMAs of 4, 9 and 18 period.
Will post the result in couple of days. This trial will runs for two months before I start my trading in Jan 01 2007.
PS: I suffered a loss of $2,000 prior to stepping into the FOREX market (I'm only 6 mths old into this new market) with greed and did not do enough research on technical analysis and fundamental news. Now I'm actually really learning and will relaunch my trading if the trial is profitable.
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Maria,
please dont forget your fundamentals.
I'm also a newbie like you, but I've learned that economic numbers and overall market price and sentiment are VERY important.
for example, one of my indicators was giving me a long on dollar-yen this morning. I just laughed at it. why? because everyone in the world knows that Yen is short! it just come off a high around 119 , and also the dollar is taking a beating these days, so, any long usd/yen is just a retracement and actually a good shorting chance!
i did just that today before the news and now I'm +60 pips on dollar-yen, the news came, bad for the dollar, good for me
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about the Squeeze indicator : I like the change you did, I am testing it now, looks much better, less lag.... will test it on GBP....
CJ.-