Monday, April 18, 2005 4:52:49 AM
Were you able to digest the pdf file i sent you?
Using the chart below, apply the technique throughout, especially beginning three periods ago. As mentioned previously, the 60 minute chart afforded boundaies of .010 and .012. Coincidentally, this daily chart suggests the same. Let's see what happens.
The very thin green lines on the price graph are Bollinger Bands - created by John Bollinger, another modern mathematician. They measure potential volatility of price. Study parameters here include 13-1.7; the standard variable for the technique given you. 13 is the fixed moving average, and 1.7 is the fixed volatilty ratio variation from the moving average.
Bollinger suggests parameters of 20-2. Nonetheless, when single price periods print 50% or more beyond one volatility boundary, price has a tendacy to stall or change direction. In this particular chart duration, price has stalled. Some may argue a bull pennant or flag is forming or has formed. The technique given you has arrived at a mathematical decision (to be made). You are about to become witness in knowing future price activity before it occurs. A convincing break of the technique boundary configuration should afford safe position entry, long or short, for the new coming near term direction.
If a technique user were interested in longer term positions, he might consider longer duration charts. You can see the technique is productive in all time frames.
There comes a time when you define the moment, or the moment defines you. - Tin Cup
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