RE-Post From Ami Section To Keep A Track
Hi Guys,
Didn't Know Doc Had Posted The Request Here....For AFL, Therefore Only Got To Know About It From My Regular Thread.
Firstly & Most Importantly My Sincere Thanks To Everybody...DJSinha, Rajendrani, Prasad, Kamalesh & To Doc For Posting The Request.
Now Coming To The Brasstacks.....
a) BB Is NOT A Buy Or Sell Trigger When Pierced On Either Side
b) It Is An Envelope Around The Price Action Indicating The Range
c) For Investors It Is An Alert When Pierced On The Upper BB To Probably Book Profit In That Particular Scrip...Or Atleast To Start Exiting & That It Will Come Down.
d) Heart Of The BUY & SELL Is The Crossover Of The SMAs Which Sustains For Some Period To Come....Till Opposing Crossover Has Taken Place.
e) Therefore, We Need An Exploratory System That Will Scan Primarily For SMA Crossover Or Better Still, If Something Can Be Added To AFL Whereby We Can Get A List Of Stocks Where The SMAs Have Converged Or Are About To Converge Noticeably, For An Early Entry....
f) Crossover Is Confirmatory Point Where Even Most Risk Averse Traders & Investors Can Take Up Position....For Sustained Move....That Also Provides A Very Good Early Entry Into The Scrip.
Once Again Sincere Thanks, May God Bless You All With Health, Wealth & Your Wishes
Happy & Safer Tradinng
SavantGarde