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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: gonzongo who wrote (7216)	12/7/1997 2:03:00 PM
From: Richard Estes	Read Replies (2) \| Respond to of 12039

Andy Use 2.63 for upper band and -1.63 for lower in GET with a hi/lo flip. always build them from major pivots, then you can hand draw them for playing around. I know you don't have this problem. But many pile on the indicators and confuse the issue. we should have a plan that directs our response on each trade. Setting forth the deciding measures ahead of decision points. If an indicator is used as a confirmer, its importance should be spelled out in the plan. Insync is an example of grouping. But the grouping was well thought out and a structured plan could be developed using the combined measure. If BBands are used for channeling or to measure Volatility, we should ask ourselves how many do this better. The major thing going for them is they are readily avail in most all packages even the net.