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Momentum Breakout Trading A new look at an old friend The application of standard deviation bands, Bollinger’s, to price charts to give us buy and sell signals Standard Deviation Bollinger Bands as taught by John Bollinger Sell? ? ? Buy? ? Unfortunately, Bollinger’s Band settings, give us NO objective buy and sell signals. Bollinger does suggest using lots of technical studies to get the reversal points STANDARD DEVIATION A NORMAL PRICE DISTRIBUTION MEANS THAT MOST OF THE PRICES ARE CLOSE TO THE AVERAGE WITH FEW PRICES AT ONE EXTREME OR ANOTHER AVERAGE PRICE OR “MEAN” Standard Deviation Bell Curve Bollinger’s Bands BREAKOUT AREA SELL AVERAGE PRICE BREAKOUT AREA BUY Our Momentum Break out bands “MOBO” TIGHTER BANS TO SHOW THE BREAKOUT OF PRICE DAILY CHARTS J. BOLLINGER BANDS MOBO BANDS LONG LONG SHORT ABOVE MOBO BUY BELOW MOBO SELL SYMC MOBO BREAKOUT MOBO SUPPORT GE SELL BUY SELL RSTI MOBO BUY BREAKOUT MOBO SELL BREAKOUT ERTS ERTS 15 Sma 50 Sma Two Day Chart ERTS No Sell Signals DJ-30 2 DAY CHART DJ-30 WEEKLY DJ-30 MONTHLY DJ-30 QUARTERLY DJ-30 Hourly DJ-30 HOURLY BLUE ‘MEAN’ PRICE AVERAGE DJ-30 HALF HOUR WITH BLUE ‘MEAN’ DJ-30 FIVE MINUTE WITH BLUE ‘MEAN’ SELL DJ-30 ONE MINUTE WITH BLUE ‘MEAN’ U.S. DOLLAR DAILY GOLD DAILY WITH BLUE ‘MEAN’ GOLD DAILY WITH TECHNCIALS ( SOAP) DJ-30 DAILY WITH TECHNCIALS ( SOAP) 100 Sma EELN WITH MOBO AND SOAP BUY
