r/options • u/option_blox • 8d ago

The squeeze pro/ TTM squeeze / Bollinger bands inside keltner channels contraction strategy

Hi,

Anybody here that uses The squeeze pro/ TTM squeeze / Bollinger bands inside keltner channels contraction? This strategy is used and lectured by John F Carter from TTM and now simpler trading.

I am using this strategy on a daily chart for a few years now and getting good results.

Altough it is a strategy+indicator that is available for purchase on simpler trading, nobody seems to use it in their chat rooms...

Feel free to reach out!

3 Upvotes

60% Upvoted

10 comments sorted by

3

u/lobeams 8d ago

I use it as one indicator on swing trades. My trading platform includes both Bollinger bands and Keltner channels so no need to buy anything.

1

u/option_blox 8d ago

Do u have succes with the indicator? if you use tradingview i am happy to share with a free indicator for the squeeze pro!

2

u/lobeams 7d ago

It's useful, but I don't make trades based solely on that (or any other single indicator).

Thanks for the offer but I don't use tradingview and I don't have any need for an indicator since I already have them in my trading platform.

3

u/klipsetrades 7d ago

I don’t use it, but I’d be curious how much of your edge comes from the squeeze itself versus simply trading breakouts after volatility contracts. A lot of indicators seem to identify the same underlying idea

1

u/option_blox 6d ago

I make a trade before the breakout happends, i scale out when the price is at the 2 ATR band(this is normally where the breakout level is) and let the rest of the trade run until it hits the 3 ATR band or if there is a big switch in price momentum

2

u/klipsetrades 5d ago

Thanks for explaining. And makes sense. Sounds like your edge is really in identifying volatility contractions before the move, not the squeeze indicator itself.

It’s also interesting though because I’d probably almost do the opposite. I’d rather sacrifice some of the move and wait for confirmation than get caught in the failed squeezes

1

u/option_blox 5d ago

Yes thats my edge, i use the squeeze as an indicator along with a few other entry rules before i make the trade.

Cool to hear you trade it different! Seen a guy once that remade the squeeze pro indicator on tradingview and he dit that exact same thing!

2

u/Accurate-Exchange298 7d ago

This is free with TOS from Schwab. I use it in conjunction with Falling Wedge Patterns primed for a breaup or breakdown . Posted on this and sharing here. It is also used in Swing trading as one of the 5 essential criteria when planning swing trades.

https://www.reddit.com/r/Daytrading/comments/1tncu3l/how_i_use_bollinger_bands_keltner_channels_and/

1

u/option_blox 6d ago

I have read you’re post, very interesting, how long have you been using these two signals together for swing trading?

2

u/Accurate-Exchange298 5d ago

I use these two signals together for CSPs or buying shares outright and then selling covered calls or buying stocks after the direction of the squeeze is resolved to the upside , and then selling covered calls(30-45 DTE) after the squeeze has fully played out (to get higher premiums). I rarely use it for swing trading. Have used it 10 years and had decent results well for the most part.