123 Trends and Reversals Message Board

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Strategies & Market Trends : 123 Trends and Reversals

QQQ 629.07

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To: Ally who wrote (73)	2/4/2001 10:21:43 PM
From: hypostomus	of 147

Way too complicated for me! If one day AOL popped out of my overnight scan with a long tailed doji, a reversal bar, a V-reversal, or a 4ma upturn, I'd consider buying it. A Keltner channel is a pre-Bollinger concept. I think it's in Kaufman's Trading Systems and Methods. It's a simple ma with a +/- band around it which is a multiple (less than 2) of Wilder's average true range. The ma and the ATR have the same period, but you pick the ATR upper and lower multiples to suit you. Currently for swing trading I use a 4 day period, an upper multiple of 1.5, and a lower of 1.4. This works for me because I never could get the Bollinger band base period, channel period, and standard deviation multiples to kiss the turning points like I like. Give it a try if your charting service offers it. Typically up and down trends will skim it, but the day before the turning point will just penetrate it. Just one more thing in the arsenal to stack up the probabilities. Happy trading!

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