Hello again to all readers of this thread. I, like many of you, have been away on the Easter break. Now to answer all those questions :
To Allate :
No trading - not enough money. Save at least $1000 for a micro account and demo trade in the meantime, using the evening star as shown here on a 25min-half hour chart. Follow this thread carefully from the beginning.. Indicators as in this thread.
To Moneda :
The standard BB settings are : period=20, deviation=2.00
MACD (standard) : 9,12,26
Keltner (modified for this work) period=5, factor=1.
To VulcanClassic :
Max99 is exactly correct in what he says.
Each resultant points to a particular KC band. The price will go up and down in a 5 minute chart but that particular KC band is the best price you can expect to get for your entry.
The resultant vector of the MACD and middle BB vectors gives a particular KC band (middle, upper or lower.).
This particular KC band is the best price you can expect for entry.
(There, I have said it twice - I hope readers understand).
The 5 min chart for vectors is a good one (remember, indicators are delayed data) It works because a 5 min chart is your main chart chopped into bits. The delayed data, therefore, is not so significant.
Readers who still do not understand are asked to follow thro the complete live trade sample to be fully shown with charts.
Last edited by tymen1; 05-21-2008 at 04:01 AM.
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