BollingerBands

[columbus]

It shows last 5 day charts but all are together. It appears very small...is there anyway I can see only a particular day's chart?

The question of small does not arise because you can drag the boundaries of
the window as much as want ,to make it bigger or click "Z" to make it full
screen.

 

[MindlessTrader]

trading NF with nifty spot chart is possible..?? because NF follows nifty...i dont have NF data as yahoo do not provide and ODIN charts are useless..they donot backfill previous hours,,,....

 

[ARV]

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 of comparable lengths 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.Please see that RSI value is around 25-35 and you have sufficient time left for closure of market.
Go short when Green+Red candles of comparable lengths 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.Please see that RSI value is around 75-65 and you have
sufficient time left for closure of market.


]

colombus bhai,
please clarify when u have time.

green + red candle means , green followed by red candle?

after piercing, take position immediately or wait for 15 mints and take position ?

thank you

 

[columbus]

colombus bhai,
please clarify when u have time.

green + red candle means , green followed by red candle?

after piercing, take position immediately or wait for 15 mints and take position ?

thank you

Yes ,I mean green candle followed by red candle for shorting.

 

[columbus]

EOD=29-10-10. NIFTY chart of last 7 months.

 

[ARV]

Yes ,I mean green candle followed by red candle for shorting.

........and the second part ,wait for 15 mnts.....

 

[columbus]

........and the second part ,wait for 15 mnts.....

..After Shorting ,the first Target is MIDLINE (s,20),the second Target is
LOWER boundary line.But after the Target.1 ,if you see GREEN candles,better
to close TRADE.

 

[columbus]

trading NF with nifty spot chart is possible..?? because NF follows nifty...i dont have NF data as yahoo do not provide and ODIN charts are useless..they donot backfill previous hours,,,....

Hi MindlessTrader,

You it is possible to trade with NIFTY SPOT.In case of LONG time frames
the candles may appear the same.In case of smaller time frames the candles
look almost identical.But the first candle may differ between NS & NF.
Moreover if premium/discount is not large, it may not create any confusion
as far as PRICES are concerned,otherwise it will create confusion.

Say, we have 50 point gap up and it reduced to 25 in next minute.
Nifty spot will show a 25 point GREEN candle with 25 point wick.
But Nifty future will show 25 point RED candle.(reduced from 50 to 25).
Apart from this NS and NF are virtually SAME in BIG time frames.

 

[columbus]

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 of comparable lengths 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.Please see that RSI value is around 25-35 and you have sufficient time left for closure of market.
Go short when Green+Red candles of comparable lengths 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.Please see that RSI value is around 75-65 and you have
sufficient time left for closure of market.

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.

 

[columbus]

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 of comparable lengths 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.Please see that RSI value is around 25-35 and you have sufficient time left for closure of market.
Go short when Green+Red candles of comparable lengths 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.Please see that RSI value is around 75-65 and you have
sufficient time left for closure of market.

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.