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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: David Russell Coburn II who wrote (1565)6/15/1997 11:58:00 PM
From: Wayners   of 3325
 
David,

I really appreciated your post and find it hard to believe that you are new to TA based on your knowledge. I did a comparison today between MA on zig zag and Dahl's primary trend. The results are nearly identical. In a previous post I explained how I used zig zag in relation to a 15 or 21 day MA of it. By itself it does not work all that great.

If you're interested in trying some short term indicators, I'll tell you what I use. I really like bollinger bands using a period of 14 days and 2 standard deviations. Inside the bands I plot a 3 day/12 day MA crossover system. I also use RSI but with a twist. I put 14 day bollinger bands on RSI itself. You would think that when price hits the lower band that RSI would hit the lower band at the same time. Not true. Thats why I use it. When price is somewhere in the middle of the bands it can be hard to predict direction unless you are using something else like the bollinger bands on RSI. The moving average crossover system helps be stay in tune with the 2 week trend. You don't get too many crossovers--about once every 2 weeks. If I just got a crossever within the last few days, I'm skeptical of a reveral in short term (minor) trend. That helps me avoid getting faked out. I've looked at a lot short term indicators and I believe bollinger bands and moving average crossovers to be the best. I also follow a 14 day stochastics all on the same chart.

I'm considering just playing straddles on unusually narrow bollinger bands. I want to use the zig zag stuff to play ratio type straddles like buy 5 call contracts and buy 2 put contracts. I haven't checked into option pricing during a basing, low volatility period, narrow band period.
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