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:) gh1 Your thoughtful post is appreciated -- especially the four steps you outlined. Yes, by width I do mean from bottom band to top band. In the past I’ve – in real simple programming – I was able to work out a RRR method which was calculated by TC2000. It was helpful in...

El Cazador, I wouldn't accuse you of that. :) Actually, I appreciate the details you have provided. Great post & great teacher.

mc a98, I am learning to use support & resistance, too. With grid lines on my chart, I am looking for the "lines being drawn" -- or ranges of support & ranges of resistance. Again, however, I ask myself which time frame to use. In order to see much support or resistance, I often have to...

Kicking, I went back & checked. On my PEP short yesterday, three five-minute bars were PARTIALLY above the 13bar/2SD. Was this enough to say overbought? The reason I took the trade was to increase my learning by starting to understand the process of shorting. I was just ready to do...

El Cazador. Please can you explain Ken Wollf's "Dumper Play"? Thanks in advance, Traderlady

Hi "gh1" & Babak… Actually, I haven’t gone to the source by reading "Bollinger on Bollinger Bands". I understand it’s a good book at a small price. Thanks for mentioning it. Please allow me to explain my setup a bit further: Yesterday I was watching a 5-minute chart using...

Thanks for the suggestion, "mc a98" & Turok! Actually, my copy of Farley's "Master Swing Trader" is sitting right here next to my computer -- complete with a coffee-with-cream-stain left by some browser at Borders! Thus, I got a discount on it (smile). Pages 10 & 11 contains 17...

Yesterday I had already taken a 200 share short position in PEP at a price of $47.52 (1044 est). Then I happened to receive an email from an experienced trader. He commented that the range in the Bollinger Bands for PEP was too small for much gain much. Since this trader brought up the...

WarEagle, Thanks for the welcome. I, too, sincerely hope I have something to contribute to the group discussion & look forward to doing so.

I've just emailed Candletrader to say that his comments & presence on this board will be missed. To this point, I've been a lurker, but am now saying hello to all as an "official" ET member.