I was checking this one out, too, but if you look close enough, the candle does not actually touch the white band. It's VERY close but doesn't quite touch it, at least on my mt4 chart. Does that invalidate the signal?
DislikedFirst of all, thank you Kevin for sharing your BB strategy with all of us. I think it's going to bring us all plenty of pips over the coming months!
With regards to Cable's daily chart, would it be safe to assume that I can short Cable as things currently stand? I mean, what could change b4 the close now that the market usually quietens down in the after-market.The 25.15.15 stochs look ready to cross. We have a white sell signal.What do you think of this set-up?
Also, I don't know if anyone read Philip Nel's thread (4hr MACD), but I've noticed that BB on steroids' signals (also 4hr chart)are almost in synch with his strategy's entry points.Go figure!! The two strategies actually seem to serve as additional filters for each other.For example ,Philip's use of moving averages could serve as additional support/resistance for your strategy.He already uses the 21SMA.These are all obviously on the 4hr chart.It's worth having a look at. I haven't backtested it yet,though and I'll keep you posted.
Last question. Would you recommend using your BB on steroids system with a 4hr or even 1hr chart, or would the parameters for entry change too drastically(in and out way too quickly) and the profit margins be a little too small?
Thanks again,Kevin.Ignored
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