HI Columbusji need your comments if my entry is technically valid ?(I will try to encl the image chart of today's Tata Moters) but pl cheak on the 5min chart I enter short 1 lot at 10.44.53 @769.70 when the red candle touches the BB lower bounderi about to push but further at 10.59.58 @ 773.50 the S/L got trigered.
BollingerBands
- Thread starter columbus
- Start date
BB(20,2) of nifty futures and bank nifty, on time frame 5 min are presented below.
Case1.Choppy Market:
Go long when Red+Green candles pierce the bottom band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position , otherwise come out with stoploss.
In case of Verital rise or Vertical fall ,the above rules may not work & have close
look at the central line and outer boundaries always.Perhaps this may qualify for
case.2. A close of candle outside the bands need not necessarily mean
termination of trend but it be continuation as well. Have patience to keep a watch
on those situations.
Case2.Trending Market:
If the candles are concentrated in Top band ONLY go Long.
If the candles are concentrated in Bottom band ONLY go Short.
Rules of Case.1 do not work here and keep Mid line as stoploss.
The Proximity of candles with respect to Outer boundaries indicates the
Strength. More strength means more closer to Outer boundaries.
Avoid trading when the Bollinger Band is Narrow and Horizontal.Check with
Nifty-Spot chart occasionally.
Case1.Choppy Market:
Go long when Red+Green candles pierce the bottom band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position , otherwise come out with stoploss.
In case of Verital rise or Vertical fall ,the above rules may not work & have close
look at the central line and outer boundaries always.Perhaps this may qualify for
case.2. A close of candle outside the bands need not necessarily mean
termination of trend but it be continuation as well. Have patience to keep a watch
on those situations.
Case2.Trending Market:
If the candles are concentrated in Top band ONLY go Long.
If the candles are concentrated in Bottom band ONLY go Short.
Rules of Case.1 do not work here and keep Mid line as stoploss.
The Proximity of candles with respect to Outer boundaries indicates the
Strength. More strength means more closer to Outer boundaries.
Avoid trading when the Bollinger Band is Narrow and Horizontal.Check with
Nifty-Spot chart occasionally.
BB(20,2) of nifty futures and bank nifty, on time frame 5 min are presented below.
Case1.Choppy Market:
Go long when Red+Green candles pierce the bottom band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position , otherwise come out with stoploss.
In case of Verital rise or Vertical fall ,the above rules may not work & have close
look at the central line and outer boundaries always.Perhaps this may qualify for
case.2. A close of candle outside the bands need not necessarily mean
termination of trend but it be continuation as well. Have patience to keep a watch
on those situations.
Case2.Trending Market:
If the candles are concentrated in Top band ONLY go Long.
If the candles are concentrated in Bottom band ONLY go Short.
Rules of Case.1 do not work here and keep Mid line as stoploss.
The Proximity of candles with respect to Outer boundaries indicates the
Strength. More strength means more closer to Outer boundaries.
Avoid trading when the Bollinger Band is Narrow and Horizontal.Check with
Nifty-Spot chart occasionally.
Case1.Choppy Market:
Go long when Red+Green candles pierce the bottom band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position , otherwise come out with stoploss.
In case of Verital rise or Vertical fall ,the above rules may not work & have close
look at the central line and outer boundaries always.Perhaps this may qualify for
case.2. A close of candle outside the bands need not necessarily mean
termination of trend but it be continuation as well. Have patience to keep a watch
on those situations.
Case2.Trending Market:
If the candles are concentrated in Top band ONLY go Long.
If the candles are concentrated in Bottom band ONLY go Short.
Rules of Case.1 do not work here and keep Mid line as stoploss.
The Proximity of candles with respect to Outer boundaries indicates the
Strength. More strength means more closer to Outer boundaries.
Avoid trading when the Bollinger Band is Narrow and Horizontal.Check with
Nifty-Spot chart occasionally.
Hi Columbusji, sorry I have manufatured some questions on yesterday trade
1. If I want to enter at or after 12.15 which is the right point keeping live Market
chart in mind at that point of time ?
2. fundamentaly On what basis the Market opens with Gap? (also becuse of this trade tigar 5d cotinuity
chart apears shrinks vertically?is't it?)
Many regards
Sureyes
1. If I want to enter at or after 12.15 which is the right point keeping live Market
chart in mind at that point of time ?
2. fundamentaly On what basis the Market opens with Gap? (also becuse of this trade tigar 5d cotinuity
chart apears shrinks vertically?is't it?)
Many regards
Sureyes
Hi Sureyes,
Really good question.At 12.15 ,it gave indications of LONG entry.(Red+Green
candle duo + Bottom Band).We have 2 targets.
One.SMA-20 line.Central line.It hit the target.1
Two.Boundary line.(Target.2)
Generally we ignore target.1 because in most of the cases Target.2 is achieved.This is one exception.You have such examples 1330 and 1430 also.
II.Gap Up/Down are basically are due to Global reasons , due overnight American Markets and due Morning Asian markets.
III.I did not get 3rd question.But I do not prefer 3D or 5D graphs.I prefer
Today's graph with small time frame.(1min TF)
Really good question.At 12.15 ,it gave indications of LONG entry.(Red+Green
candle duo + Bottom Band).We have 2 targets.
One.SMA-20 line.Central line.It hit the target.1
Two.Boundary line.(Target.2)
Generally we ignore target.1 because in most of the cases Target.2 is achieved.This is one exception.You have such examples 1330 and 1430 also.
II.Gap Up/Down are basically are due to Global reasons , due overnight American Markets and due Morning Asian markets.
III.I did not get 3rd question.But I do not prefer 3D or 5D graphs.I prefer
Today's graph with small time frame.(1min TF)
BB(20,2) of nifty futures and bank nifty, on time frame 5 min are presented below.
Case1.Choppy Market:
Go long when Red+Green candles pierce the bottom band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position , otherwise come out with stoploss.
In case of Verital rise or Vertical fall ,the above rules may not work & have close
look at the central line and outer boundaries always.Perhaps this may qualify for
case.2. A close of candle outside the bands need not necessarily mean
termination of trend but it be continuation as well. Have patience to keep a watch
on those situations.
Case2.Trending Market:
If the candles are concentrated in Top band ONLY go Long.
If the candles are concentrated in Bottom band ONLY go Short.
Rules of Case.1 do not work here and keep Mid line as stoploss.
The Proximity of candles with respect to Outer boundaries indicates the
Strength. More strength means more closer to Outer boundaries.
Avoid trading when the Bollinger Band is Narrow and Horizontal.Check with
Nifty-Spot chart occasionally.
Case1.Choppy Market:
Go long when Red+Green candles pierce the bottom band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position, otherwise come out with stoploss.
Go short when Green+Red candles pierce the top band
(Keep case.2 in mind also always) and wait for 15minutes for confirmation
after taking position , otherwise come out with stoploss.
In case of Verital rise or Vertical fall ,the above rules may not work & have close
look at the central line and outer boundaries always.Perhaps this may qualify for
case.2. A close of candle outside the bands need not necessarily mean
termination of trend but it be continuation as well. Have patience to keep a watch
on those situations.
Case2.Trending Market:
If the candles are concentrated in Top band ONLY go Long.
If the candles are concentrated in Bottom band ONLY go Short.
Rules of Case.1 do not work here and keep Mid line as stoploss.
The Proximity of candles with respect to Outer boundaries indicates the
Strength. More strength means more closer to Outer boundaries.
Avoid trading when the Bollinger Band is Narrow and Horizontal.Check with
Nifty-Spot chart occasionally.
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