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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: Rick Faurot who wrote (1863)11/8/1998 7:27:00 PM
From: TraderAlan  Read Replies (1) | Respond to of 7382
 
Rick,

RT3 has both.

Start with the 5-8-13 bollinger bands I mentioned over a couple of charts and just watch the support/resistance for a few weeks. Works better with some markets than others. Fibonacci is a more complex subject and requires some time to work on interpretation. I use Fib grids primarily in SuperCharts on dailies but clear trend moves work OK with RT3 fib grids (in the trendline tool).

BTW 5-8-13 is a Fibonacci number sequence, if you're wondering where I got the numbers from.

And, of course, keep reading The Hard Right Edge <g>. I did an article on interpreting BBs which I'll be republishing in the next month or so.

Alan



To: Rick Faurot who wrote (1863)11/8/1998 7:30:00 PM
From: TraderAlan  Respond to of 7382
 
Rick,

I should add the master himself, John Bollinger, has an extensive tutorial on BBs at

bollingerbands.com

Alan