I was in the GBP/USD and the USD/JPY for a few last night, and it was a scary ride! I was testing some of Vegas's models, and I got scared and closed out my positions because I entered them wrong. Had I held it, would have woke up with an extra 400 pips <death> {Deep sigh} </death>
Anyway..
So onto the squeeze; I like the BB squeeze play, but I'm trying to figure out how everybody else is using it as far as "direction confirmation".
I am currently using the CCI, MACD, RSI, and Slow Stochastic to confirm a direction.
I'm fairly interested how others are doing, and where you all put your stops to prevent a good whipsaw..
Anyway..
So onto the squeeze; I like the BB squeeze play, but I'm trying to figure out how everybody else is using it as far as "direction confirmation".
I am currently using the CCI, MACD, RSI, and Slow Stochastic to confirm a direction.
I'm fairly interested how others are doing, and where you all put your stops to prevent a good whipsaw..
google: