BollingerBands

[columbus]

Hi Columbus!

Thanks for your promt Reply.

I have understood the Perameters of BB and not of RSI and Stoch.

The Link of the Images of the RSI and Stoch Indicators at Power IndiaBulls is:
http://img97.imageshack.us/i/rsin.png/

I am sure this will make my queries more clear...

Thanks again.

Hi deepan,

Posting a chart often clears the doubts.

 

[deepanshah13]

Hi!

I do beleive this is One of the Most Simple Technique for Intraday Trading, the Only Difficulty is to Differentiate between the Grazzing and Piercing, perticularly during Live Market.

I think, only observation and experience can help in this... (or is there any other technique?)

 

[vibhunair]

Hi!

I do beleive this is One of the Most Simple Technique for Intraday Trading, the Only Difficulty is to Differentiate between the Grazzing and Piercing, perticularly during Live Market.

I think, only observation and experience can help in this... (or is there any other technique?)

I agree. I have been trying to figure out when it grazes and when it pierces but it is difficult doing so live. May be with more experience...

 

[columbus]

Hi!

I do beleive this is One of the Most Simple Technique for Intraday Trading, the Only Difficulty is to Differentiate between the Grazzing and Piercing, perticularly during Live Market.

I think, only observation and experience can help in this... (or is there any other technique?)

Hi Deepan,

Yes,there is a problem in identifying.As a rule of thumb ,if the colours of last
2 candles is SAME then it is a case of GRAZING ,if they are different it is a
case of PIERCING.Another thread BOLLINGERWORM...!!!! ,addressed this
problem and solved it ,partially.

 

[columbus]

EOD=2.2.11 Last 7-month's NIFTY chart.

 

[deepanshah13]

Hi Columbus!

This is My Today's Trade. (I trade Nifty Based Script. Today, it's Hindalco)

Your valued feedback please...

Thanks and Regards.

 

[columbus]

Hi Columbus!

This is My Today's Trade. (I trade Nifty Based Script. Today, it's Hindalco)

Your valued feedback please...

Thanks and Regards.

Hi deepan,

Please keep length:width as 1:1 (length=breadth).
I am posting HINDALCO chart as well.

 

[columbus]

Same HINDALCO chart with BOLLINGERWORM looks like this.

 

[deepanshah13]

Hi deepan,

Please keep length:width as 1:1 (length=breadth).
I am posting HINDALCO chart as well.

Hi Columbus,

Thanks for your prompt reply...

Will you please elaborate the Term 'Length:Width as 1:1'?
(I assume you are refering with the Size of the Candles.... May be I am wrong..)

I think, different types of Candles (e.g. Dogi, Hammer etc) also plays an important role in making trade...

Thanks a Lot...

P.S.:
I have started studying the Bollinger Worm, too... Its aslo Interesting and Effective...

 

[columbus]

Hi Columbus,

Thanks for your prompt reply...

Will you please elaborate the Term 'Length:Width as 1:1'?
(I assume you are refering with the Size of the Candles.... May be I am wrong..)

I think, different types of Candles (e.g. Dogi, Hammer etc) also plays an important role in making trade...

Thanks a Lot...

P.S.:
I have started studying the Bollinger Worm, too... Its aslo Interesting and Effective...

Hi Deepan,

I was referring to chart size. (frame size).Your chart is too much elongated.