Tymen interesting discussion on those bands. Here is an example of what I posted last week. This shows a daily signal then a slip down to 4h to confirm the daily. This works on any time frame. I guess you could use the daily as the signal and the entry on a smaller time. Once signal is alerted the Vertical line is drawn, then again on the 4h. If someone was trading the high times then naturally your stops are not 20 pips away. Some might consider using a volatility stop off some ATR or below support. Like any trending system you never know when the trend will end.
Daily is like the heads up display and the 4h confirms the signal. Something like this is mainly for longer term positions or those who can not stare at the screen all day.
Sorry for getting off track and away from your main topic.
Last edited by Airborne; 03-15-2008 at 11:58 PM.
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