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Post# of 31155
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Re: Duma post# 16415

Thursday, 09/29/2016 9:52:39 PM

Thursday, September 29, 2016 9:52:39 PM

Post# of 31155
Taking profits can be a problem but sure is a shame to give back >50%! I would be inclined to take at least 50% off on the close of the 1st bar back inside the BB 50,2. I have been using a BB 200,2 on my 15 min charts believing it to be the same as the BB 50,2 on your hourly charts. A bar closing outside the BB is an indication of overbought or oversold conditions and more reliable than the RSI in my opinion. But it indicates a condition which often relates to an initial impulse or an exhaustion move. It is usually not to difficult to determine which it is in relationship to the move or wave. I think the BB is one of the most dynamic indicators available.

Any trading system can be profitable you just have to sell enough of them. Just ask Amber Benson http://simpletradingrules.com/tradestation-easylanguage-specialist/

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