FOREX TRADERS

[ElderWolf]

I'll set it at 3 standard deviations briefly just to see how big a move really is. I typically keep it at 2 because that encapsulates 95% of all moves and there's a fairly high probability chance it'll correct for a counter trend trade. However, to your point, if price moves outside the bollinger band set at 3 standard deviations, you can pretty damn well rest assured it'll correct back inside the bands. Pretty high probability trade in that case.

Good point Dr. Glance.

By the way...thanks for the offer for putting my info in the ibox. If it's OK with you...I'd rather keep my relationship here on the ihub as neutral as possible by keeping my professional endeavors separated. Thank you anyway. (smile)