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william2112

05/04/05 12:05 AM

#1609 RE: lowtrade #1608

lowtrade,

that is primarily why i am using %b and Rsi combined--%b tells me where i am in relation to the bollinger band given last price...RSI tells me if i am overbought or oversold--the %b allows a signal determined by RSI--my frustration is shortening(or widening)the parameters of RSI(60/20..or 80/40)--also finding the (14) day rsi with a 50 day bb band(2.1 deviation)..works best of all(sometimes...lol)--if i can get it down pat..i plan on using only these two items to dictate my actions...with a candle view to show a "day in the life" per se--everything takes time..you know--best of luck!

sinc,

bill

grapes

05/04/05 9:10 AM

#1619 RE: lowtrade #1608

Lowtrade,

Great info. For those of us on the newer side of using TA, determining which indicators to use with which, this info will be helpful.

OT: Great chart on the other stock. You have hit the home run.

If only we could get a stable pattern on GTEL. The charts I make for GTEL show some patterns but not where I could trade with confidence. When I think I have found it, it seems to always slap me in the face.

I appreciate the time everyone spends on their charts, explanations, and the discussions.