What signal is there to tell us to forget the bollinger bands
Forget about the Bollinger bands [U]all the time.[/U]
If price action does cross the upper BB as well as the Starc, then you can be doubly sure that you have reached an extreme.
I apologize if this seems to contradict information that I presented earlier.
It is a matter of presenting the material in stages, so that people can absorb it in little pieces.
Go for it BrianSNJ!! 
I take it you are using Navigator??
How does the platform you have found compare with GFT?
Friday eh?
Well, I will keep the trade open for you!
I actually went and looked for a dash,( price that opened and closed at same price) . Did not find any. LOL
Ok I will still hold waiting on confirmation, Itās done retracing.
It is looking weak, But still looking to go up a bit more possiblly.
The candles look to be slowing ā¦ if this is a retracement ā¦this is about where it should reverse ā¦if the candle opens red , i would put 1 unit onā¦price is pulling away from sarc ā¦so it looks to be out of momentum.
[B]Answer to Stage 6[/B]
We are now on the 4th candle after touching the upper Starc band.
It is up to you whether you would enter the 2nd amount here.
Wait for the next chart :
[B]Stage 6A[/B]
Still 9 stages - just a slight modification for teaching purposes.
5 minute chart >>>
By tymen1 at 2008-06-24
Ahhhh! Did you get caught out? Or is this candle going to go up again and maybe even higher? 
It is for you to choose.
The price right now with that red candle is [B]108.03.[/B]
Where did I enter? - that I will tell you at the end of this sequence.
[U]2nd entries so far [/U]:
Trav72 - 108.04
Vulcan Classic - 108.04
Both averaged ā¦(107.92+108.04)/2 = [B]107.98[/B]. A profit will start to be made when the price action goes below [B]107.98[/B].
Kenneth Lee - still deciding on 2nd entry.
Neboxian - still deciding on 2nd entry.
Sinn1 - still deciding on 2nd entry. 1st entry closed. Credit = -10 pips.
Keitsuke - still deciding on 2nd entry.
Ray 1 - still deciding on 2nd entry.
Ericoco - still deciding on 2nd entry.
BrianSNJ - temporary delay due to broker changeover.
So nowā¦the question is on the chart!!
[B]Answer to Stage 6A tomorrow.
Stage 7 tomorrow.[/B]
I would enter now. The last candles were looking weak and this red candle confirms, That it is slowing and possible turn downā¦
enter at (108.03 + 107.92)/2 = 107.975
So use to seeing everything this is hard for meā¦ But might be the right aproach. Forget the big picture concentrate on the NOWā¦ We are scalping not looking for position trades. 
You are doing very well Kenneth Lee!
Iām In Now!1 unit Please
Il enter 2 amounts nowā¦
I will follow Tymens advice and forget about the BBā¦
The price has walked the upper band for a couple of candles and slowing down.
The price also failed to get past this resistance level previously (after the star formation).
Enter now!
since price action has tagged the upper starc bands and it is not walking the upper SB it tells me price is weakening therefore i would enter 2 amounts now.
[B]Anwer to Stage 6A[/B]
[U]Everyone[/U] is correct here.
It is definitely time to enter that 2nd amount now.
We have gone thro 4 candles now with the Starc rising, so we can consider that the limit of the Starc āwalkā has been reached.
With the price going down, there is no time to waste now entering that 2nd amount.
[B]Stage 7[/B]
Here is the next 5 minute chart >>>
By tymen1 at 2008-06-15
As you can now see, that red candle really moved down!! :eek:
The new question is on the chart - a bit of a give away really, but maybe readers deserve a break.
The price at the point of question is 107.94
The question on the next stage chart will be much more gruesome!! :eek:
[U]Note that there are 3 numbers 1,2,3 on the chart.
They have nothing to do with the trading. They are merely there as locators so that on the next chart you can see where you are.[/U]
[U]2nd entries so far :[/U]
Trav72 - 108.04
Vulcan Classic - 108.04
Both averaged ā¦(107.92+108.04)/2 = [B]107.98[/B].
A profit will start to be made when the price action goes below [B]107.98[/B]
Kenneth Lee - 108.03
Neboxian - 108.03
Keitsuke - 108.03
Ericoco - 108.03
All 4 averagedā¦(107.92+108.03)/2 = [B]107.97[/B]
A profit will start to be made when the price action goes below [B]107.97[/B]
Sinn1 - 108.03 for 2 complete amounts entry. 1st entry closed. Credit = -10 pips.
[B]Immediate profit[/B] for Sinn1 as soon as the price drops.
Ray 1 - no post received at present.
BrianSNJ - temporary delay due to broker changeover.
Would not have exited there because the price action has not touched the lower starc band.
Please edit the price entries to 108.03 and not 108.93
Kenneth Lee - 108.93
Neboxian - 108.93
Keitsuke - 108.93
Ericoco - 108.93
All 4 averagedā¦(107.92+108.03)/2 = 107.97
A profit will start to be made when the price action goes below 107.97
Thanks for your keen observation Ericoco!!
I have corrected it in my post.
Tymen,
I donāt think I would have exited there. 4 pips profit assuming 107.94 is ask, if its bid then only 2 pips. That doesnāt get me excited. Plus it didnāt hit the Starc. Looks like a roller coaster.
Weāll see.
Price is riding center BB ā¦and not touching lower sarc ā¦looks like weā¦So-Haw! ā¦
when price starts to ride the lower Sarc/BB
I would hold there only 3 pips, looking for 10 min.
[B]Anwer to Stage 7[/B]
No hard and fast answer here.
I see that you all decided to stay in.
OK.
I did exit but I will tell you about that at the end.
I will keep record of all the pips scores.
[B]Lets look at what the next chart brings![/B] :eek: