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.....how do you use your bollinger bands?

i want to draw daily and hourly trendlines, focusing on hourly breakouts, trading on a 30 min chart, about a 5 point stop loss. i want to enter this way but im not sure how to exit. it seems like i would usually get 1 trade a day. Im thinking about using pivot points as objectives but not...

ES i like ur method. i have not thought of combining pivots before, genius. and yes december is lazyyy where do you get your Market Profile info? i dont see it with the TRIN and TIKI and all that...?? great thread

On NQ it appeared to be breaking through an hourly resistance line after 11am today(12-17-08) but i couldnt see an hourly resistance line comparable to NQ's on any other index, so the breakout in NQ should have been considered very low probability. And it did fail. is this all accurate?

if i draw daily and hourly trendlines, and trade on the 30min timeframe, i see how price surges past the lines. im sure i could improve my trendline drawing a little, but i do feel comfortable with this arrangement. if i draw daily & hourly trendlines and trade on the 30min timeframe, is...

i have a nice book explaining candlesticks, Japanese Candlestick Charting Techniques by Steve Nison. visually i dont particularly like them, and if i still wanted to use candlestick signals, i can always look for the same stuff on the OHLC bars, or BAR chart as i like to call it. i might...

i like the hourly breaks, but i can still see how the daily trendlines confirm major S/R for the hourly.

ahhh, never thought about trading more than one time frame at a time. yes i should do that! im just so used to trying to get moves on a 5min/512tick time frame....but im not trying to scalp, im trying to find the biggest moves i can while still averaging atleast 1 or 2 trades a day. i dont...

ok i get it, ill watch the daily, hourly, 30min and 5 min. do you think i should be commited to trading just on the 5 min chart, or should i be open for getting into moves based on the 15min?

thanks, ill do that. i could probably make my hourly lines a bit more accurate but this is what i think ill do, ill draw the hourly trendlines, then zoom in on the same chart to draw shorter term trendlines. on this pic i just drew 1 hour and 5 min, but doing it this way makes sense cuz i...

i dont know how dumb this question is but....on TOS you can choose whether to see "trading hours only" or all 24hours. i have bounced between both versions for a while. I think i prefer watching all 24hours. i think that seeing all 24hrs of trading should be more accurate since it shows...

yeah i really like the TOS platform, but creating a custom strategy on there is rediculously challenging. and im afraid to use the pitchforks cuz then it would really look like a laser light show. mike what you do sounds like what im aiming for. Do you think i should just use 1hr trendlines...

watching other vehicles to get better insight on whats happening does make sense to me, but im not sure which time frames i should focus on while watching them. i can use the 2hr, 30min, maybe the 15min (but its eerily similar to the 30min), and trade on the 5min chart for /NQ. does this...

Here is an example of what im talking about 3 time frames, just trying to draw major trendlines if there IS a breakout on the 5 min chart, and if there appears to be a POSSIBLE breakout in the longer term charts, then i could enter on a PULLBACK to the trendline, maybe a point before to be...

what do you think about me using 3 or 4 time frames and only drawing major trendlines, and real trendlines too, and not just every possible line??? the goal would be to zero in on a trendline breakout, using say...daily, 2hr, 30min and 5min charts............maybe not the daily i dont want...

on a tick chart you would have to have your chart draw them automatically. i wasnt planning on using a tick chart, that was someone else.

so i guess everyone here thinks its not possible to have a system that uses a lot of lines?? i want to find price levels that have multiple confirmations of support or resistance. i find that when i just draw the major trendlines, they dont seem to have any reliability. i liked the...

its multiple confirmation using rising support/rising resistance/falling support/falling resistance/flat support/flat resistance. thats not shit on the wall, and if it was then that would be some nice shit.

Rolex- On my 11-17-2008 chart i drew arrows pointing directly at the points where price either passed the bottom horizontal line(to buy) or passed the top horizontal line (to sell). but now i think ill use white circles instead of purple to make it easier to see. In other words, short when...

im going to use this while daytrading. it is simple to me. any ape can draw lines, its simple guys. one time frame, no indicators, no research, no news, just price and its lines. only takes a couple seconds to draw each line, and im going to trade on a 15 min chart.... Ill draw alot...