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Re: [RT] A Bollinger Band diary---add an idea or two:



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On Tue, 05 June 2001, Ron Cernokus wrote:
> 
> 
> 
> 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........................................
> >    .................
> > 
        In reply,   Ron thanks for sharing that insight.I hope others will add to this.I thought I would retitle this post as a "Bollinger Band diary--add an idea or two:"----Having said this I will add two ideas today which are in addition to the 3 ideas(formerly called "tips" but now called "ideas") for some dumb reason or other:  Here Are Ideas #4 and #5 for today's diary--------Idea #4=from a well known trader is:Major market moves tend to erupt from narrow Bollinger bases signifying a potential transition from quiet to active market phases.                          Idea#5=When prices drop out of a very narrow B.Band,they may give a signal to go short.AND,when these prices pull back to their channel from the outside,it may be a good time to close out positions.    For the consideration of others on this forum,if someone replies/adds to this/these posts,if all you want to do is add an idea you probably won't need to put all the original posts with it-just a thought.    Someone/anyone add on idea#6....................................................     The Disclaimer:Every word on this/these e-mails is/are for purely educational entertainment only.Do not use it in real trading!


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