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Just to add a note that everyone should already know.
When prices approach the upper band, look close at the upper band. If it is
flat, more than likely price will reverse back down. If it is angled
somewhat upward, normally price will continue. Same is true for the bottom
band.
Randy Barlow
How Long a Minute is, depends on
which side of the Bathroom Door you are on.
----- Original Message -----
From: <l1l2l3l4l5@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, June 08, 2001 12:51 PM
Subject: Re: [RT] A Bollinger Band diary---add an idea or two:
> 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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