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

To: otherbrotherdaryl who wrote (11217)	1/22/2006 6:51:20 PM
From: the-phoenix	Read Replies (1) \| Respond to of 11288

Hi: While I like this method, I would have to quibble over your entry point on the 60 minute. From your previous description of the trade signals: 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). I don't think there is any way you could construe from that that you could have gotten as good an entry as 1732.5. Maybe 1723 at the close of that first long red candle. But I watched this method on the NQ this week on a 5 minute chart, which is what I am trading, and was very impressed with it. Thanks for sharing it here.