I use bollinger bands to help with direction and entry.
On a daytrading basis on a 2min chart wth big caps ill use the tightening of bollinger bands to help with a move either way.
I have found as the day goes in the bollys will narrow in range and come closer to each other.
Once a stock breaks up or down out of the range get on the direction of this move for a quick turn.
Cheers
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- Weekend Charting and Chat - 26th May 2017
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