BB bands tight

    Posted by ditch on 17th of Jan 2012 at 01:42 pm

    on the 5 min. day trading charts I use, the bb bands look like a big move is coming.

     

    BBs

    Posted by donald on 17th of Jan 2012 at 03:11 pm

    Well Done Capn'

    Just using what they teach

    Posted by ditch on 17th of Jan 2012 at 03:18 pm

    Just using what they teach in here.....

    thanks

    another thing to look for

    Posted by matt on 17th of Jan 2012 at 03:27 pm

    another thing to look for is bollinger bands on a 5 min VIX vs an SPX chart,  Sometimes I find that the bollinger bands pinch on the VIX when it's not showing up on the SPX or SPY and therefore can gave earlier trade notifications.  Today it all occurred at about the same time however.

    here's a chart

    well basically bollinger bands were

    Posted by matt on 17th of Jan 2012 at 03:31 pm

    well basically bollinger bands were tight most of the afternoon on the VIX, then finally tightened up on the SPX.  

    also notice the Elder impulse systemon the VIX, when it goes above the middle bollinger band and goes green, watch out, the same of course is true when it's below.  Nice this occurred well below the breakdown

    I had posted the wrong

    Posted by matt on 17th of Jan 2012 at 03:34 pm

    I had posted the wrong chart, here's the correct chart.  

    note I edited the chart below, but you wouldn't have caught this unless you hard refresh the blog

    remember, the blog auto refresh does not catch post edits!  only the most recent post

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