Replies to post #316736 on Monk's Den

[andrewjoseph]

I just wasnt sure about when to enter since the candles were on or touching the bollie. When did you enter ? If you dont mind telling?

[MaryStockins]

What time frame on the chart do you use? I like 1min for timing
entries and switching over to 5mins to determine length of stay.
I like to use bollies for setting stops.
If I'm long I will set the stop right below bottom bollie.
I also use L2s' to determine support and will set stop
right below support(setting a stop at support is risky for many times before the actual run it will dip back to support taking you out). As it breaks above mid bollie I will reset my stop right below mid bollie, etc.

I like using ADX to determine the strength of the run.
MACD and Psar are the 2 other indicators I use.

I look for MACD to cross and psar to trip below candle for
a long entry. Opposite for short entry. I also use L2 to determine
support and resistance points.