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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: big guy who wrote (39595)2/27/2005 5:58:23 PM
From: chowder  Read Replies (1) of 206302
 
Thanks Big Guy, I get it now.

For those who have a decent profit, and they want to stay with the trend, using a setting of 10,1 on the Bollinger Bands will keep one in a trend better than any indicator I know of.

I refer to this setting of bands as Momentum Bands.

The upper and lower bands won't expand like they do with the 20,2 setting and are much more structured.

To stay with the trend, the bands must be rising. Price must close above the middle line for more aggressive traders. The price must close above the lower band for more conservative.

As long as the bands are rising and not going sideways or pointing down, you'll be running with the flow. The flow will be in an uptrend.

This is an excellent tool to use, to keep you in the trade, "once the trend is underway."

stockcharts.com[h,a]daclyiay[d20041027,20050227][pd10,1][vc60][iut]&pref=G

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