trading Bollinger bands, RSI & Sma

Discussion in 'Technical Analysis' started by wbbank, Mar 21, 2009.

  1. wbbank

    wbbank

    Does anybody use these as their indicators for an entry point?
     
  2. Redneck

    Redneck

    IMHO & FWIW

    Yes Sir I'm sure some do

    However

    You should also know


    There are more ways to trade successfully than anyone can count


    There is no right way or wrong way to trade – there are only profitable ways and non-profitable ways – to trade


    Trading successfully can be as hard or easy as you chose to make it


    There are no experts


    Everything you need to know to trade succesful is already on a price chart (in fact it’s on every chart)


    There's a lot one needs to know to trade profitably, but then there are some things one will never know


    Food for Thought Sir
     
  3. Bollinger bands, RSI & Sma ?

    Never heard of 'em. :)
     
  4. jlbishop

    jlbishop

    I'm developing a system using primarily these indicators. I've got some pretty darn good results so far in back testing in AmiBroker but as these systems will necessarily result in a Mean Reversion style of trading I'm looking for some good ways to stay out of the way of trend days.

    Any ideas/suggestions greatly appreciated!

    John
     
  5. Pekelo

    Pekelo

    I use all 3. BB is mostly for mean reversal. RSI divergence is perfect for double top/bottom. SMA keeps you in the trend on the right side....
     
  6. JimDay

    JimDay

    The theory behind the bollinger bands is that the market will not stry to far outside the 2nd standard deviation. However as we all know, on days like today you can see that this indicator will get you killed.