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l1l2l3l4l5@xxxxxxxxxx wrote:
>
> Bollinger Bands---offer your tips: For me this is purely educational ; HOWEVER, I thought I would post it for everyone's benefit if in due time we get several respondents who can offer some real genuinely true to life tips:(No liars please). I'll start off with tip#1 and tip#2 and if anyone disagrees,feel free to correct me;however, these first 2 tips are not of my own originality but come from literature that I read and have personally observed by playing around with metastock. thanks,Len. HERE WE GO: TIP#1=Bollinger Bands seem to give some excellent signals when used on weekly charts. TIP#2=When price crosses a band and then seems to start going in the opposite direction,this is possibly a position that is worth taking if your weekly chart and your daily chart seem to be giving the same message---"alignment/integration of time frames." Please add on
> tip#3,etc.
on one min. SP1M or ES1M a spike clearly through the top or bottom band
is very often the end of the move and can be faded if other indicators
in your tool box give support. Got this from a site of an ex marine
demolition guy forgot the location. He called this the Nail in the
coffin........................................
> .................
>
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