Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (11213)	1/18/2006 12:26:33 PM
From: otherbrotherdaryl	Read Replies (2) \| Respond to of 11288

I am sure someone somewhere has discovered this incredibly simple concept, but I have yet to read about it. img34.imageshack.us Click on chart to enlarge Monitor candle prints along Bollinger Band. Once a convincing pierce of the band is made, simply add the extreme elevations of that candle and the previous candle. Mark the top and bottom of the sum of the two combined candles (red and green). A convincing break of either elevation indicates the coming trend to the next support/resistance area or Bollinger Band (lavendar). Once that (target) elevation is realized begin using a lesser duration in the same manner until the original chart duration affords a new signal. Utility in chart durations less than 30 minutes will experience greater risks in whipsaw. Stops should be just beyond one tick of the extremity of the setup. IE; if the extremity in an ES setup is 1271.50, the stop should be two ticks beyond: 1272.00 in a short or 1271.00 in a long.