Re: hmm, let's see what we can do with just 2 indicators Quote:
Originally Posted by TAjammy yeh naked trading is good and i have done well (on demo  ) with it , very well.
It's just i've never been great with using any indicators. so i tried this, no opportunities yet. |
Since you are determined, I'll try to be helpful.
About the Bollingers. When you have decided what average to use, it could be helpful to put that average on the chart, too, because if the average is flattish or going down when overbought it might indicate a sell signal. If the average is going up, that could mean that a trend is underway-- not starting--- the trend might have started at any spot between the average and the lower BB line several bars previously. Remember, if the average is too short, you'll be annoyed by swinging, difficult to read, lines.
If the price is trending, it might be helpful to run a trendline up, underneath the bars because a trend break when the price is overbought can, quite often be significant, with a fall down to the average (which is also countertrend, I'm afraid) but it could be a useful point to take profits, at least.
Last edited by Splitlink; Aug 23, 2009 at 1:59am.
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