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Keltner Bands?
Posted: Sat May 31, 2003 8:51 pm
by demons19
I am semi-new to trading but everytime I place keltner bands or MA envelopes on intraday price, it just seems like there must be a way to use these things in real time. Does anyone have any practical experience or opinions on these things?
Thanks
Posted: Sat May 31, 2003 11:16 pm
by Kiwi
I dont have any experience but John Hill's book "the ultimate trading guide" has a good chapter that explains how to use them. If you dont decide to there are plenty of other good ideas you could use
John
Posted: Sat May 31, 2003 11:44 pm
by demons19
How practical are the ideas in that book?
I ask this because I have a bookcase full of stuff from 20 different authors and I cant make any of it work!.....or worse yet, its garbage.
Or, maybe its me
Posted: Sun Jun 01, 2003 12:09 am
by Kiwi
Actually, if you cant make some of the ideas in his book work then it is you
Sorry, I couldnt resist that.
Yes, I think Keltner bands are a practical (but discretionary) approach but if you dont like them he has some good practical approaches to system development. Quite a number of name brand systems use the basic approaches he discusses. From memory he was weak on money management though.
John
Posted: Sun Jun 01, 2003 12:57 am
by demons19
Thats ok John, I am more than open to the possibility that it is ME
I will check it out, thanks