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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (29687)	7/2/2021 3:54:16 PM
From: ajtj99	3 Recommendations Recommended By Lee Lichterman III Lou Weed tntpal Respond to of 97529

Today's gap on the NDX could be a target for a 2-3 day initial drop off a high on the NDX. The move up since May still needs a reaction off a high and a re-test of a high. Since we still don't know what that high is, it's best to play the trend. It's also kind of unusual for price to drop and reverse quickly off a run up like this. There is typically a distribution pattern prior to that happening. schrts.co

To: ajtj99 who wrote (29687)	7/2/2021 4:20:16 PM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 97529

It seems to me, and I am still developing this, that these are the merits relative to the standard BB: (1) The midline (blue) is a better marker of where to place buy/sell orders. (2) When the bottom band (red) is rising, and the upper band (green) has stopped falling (flat to slightly rising), then you can trust a bottom has been reached, whereas if the green is rising but the red is falling, then it is overextended and you should wait for a pullback. (3) When used with the standard BB, the crossovers of the upper bands, middle line, and the lower bands, provide 3 timely confirmations of each other. Conversely, lack of crossovers on a pullback indicates a buying opportunity. I will have to write another script to backtest these hypothesis, but I am curious as to how you guys use BB and how this jives with your normal use.